Investment

New Cleantech Technology News (Say What?)

Aside from the cleantech project, cleantech policy, cleantech consumer product round-ups I’m in the midst of finishing, here’s a round-up of some of the latest news on new cleantech technology: 1. Wind Energy Forecasting Technology Saves Millions of Dollars a Year “The National Center for Atmospheric Research (NCAR) has developed … [continued]

Africa at the Energy Crossroads: AfDB Finances Historic Renewable Energy Projects in South Africa, Morocco

The African Development Bank and South African state-owned electric utility Eskom signed a $365 million loan package that will help fund two historic renewable energy projects. The AfDB also pledged $498 million for Moroccan solar power projects. Africa, along with all nations around the world, stands at an energy crossroads. The AfDB loans will provide a substantive boost as South Africa and Morocco attempt to transition to clean energy economies that may serve as a model across the continent and beyond.

Solar Press Release War

I don’t know how many of you are following the SolarWorld petition alleging that China is dumping solar panels in the U.S., and the push-back against it by a coalition of solar companies, Coalition for Affordable Solar Energy (CASE). To me, this is all a big waste of time and … [continued]

World Bank Group Co-Finances Morocco’s Ouarzazate 500 MW Solar Thermal Power Project

The World Bank Group is providing $300 million in loans to co-finance Ouarzazate, a 500 MW Concentrated Solar Power Plant that would be one of the largest in the world upon completion. The World Bank Group’s IBRD and Clean Technology Fund are members of a public-private partnership with the Moroccan Agency for Solar Energy that also includes includes four international lenders from Europe and Africa.

2% of Global GDP Invested in 10 Sectors — Result: A ‘Green Global Economy’

Directing “just 2 percent of global GDP into 10 key sectors would kick-start” the global transition to a more sustainable, ‘Green Economy,’ according to a UN Environmental Program report. All the elements to enact a transition to a “low-carbon, resource-efficient and socially inclusive global economic model” are here now, and businesses and governments are already promoting and fostering greater investments in 10 key sectors UNEP has singled out: agriculture, energy, buildings, water, forestry, fisheries, manufacturing, waste, tourism and transport.

$500 Billion in Fossil Fuel Subsidies; Removing Them Would Boost Growth & Revenues, Reduce Greenhouse…

The OECD and IEA are urging global leaders to do more to phase out fossil fuel subsidies, which they say will boost growth, job creation and revenues while mitigating climate change. In a groundbreaking report, the OECD detaisl fossil fuel subsidies around the world, highlighting the key elements of strategies that some governments are using to remove them.