Fossil fuel companies are at risk of wasting $1.6 trillion worth of expenditures through to 2025 if they base their emissions policies on current government policies which will likely result in global warming increasing to 2.7° degrees above pre-industrial levels, as compared to the 1.5° degree scenario of the Paris Climate Agreement.
Rooftop solar power prices have been dropping. Home energy storage prices have been dropping. New and increasingly compelling electric vehicles keep coming to market. These are cleantech topics that come up daily as these industries keep growing and growing. However, there are transformative elements of the cleantech world that stem from more nuanced business innovations and policies. One of those is Property Assessed Clean Energy (PACE) financing.
A new study published this week by Lloyd’s Register, based on surveys of 800 professionals and experts from around the world, reveals that renewable energy sources like solar and wind are likely to begin reaching grid parity around the world beginning in China in 2022, but that despite this, sustained increases in investments will still be hard to come by.
Roughly half of the military sites maintained by the US are now threatened by climate change and associated effects, according to a new study from the Pentagon.
A highly misleading anti-cleantech talking point is that renewable energy “relies on government subsidies,” and that all of the renewable energy growth in recent years is attributable to them. In actuality, fossil fuels and nuclear power have been receiving government support for much longer than renewable energy has. They have received much more government subsidy historically speaking than renewables. And these dirty energy options continue to receive a tremendous amount of government support even though they are overripe industries in many regards.
During the past few months, several institutions have released rather optimistic numbers about the energy transition in the Netherlands. Although substantial wind power additions were realized, and solar growth is accelerating, overall performance is still amongst the worst in the European Union, with the Netherlands now lagging firmly behind its renewable energy targets.
Australia’s Clean Energy Regulator announced Tuesday that Australia will meet its 2020 Renewable Energy Target following 2017’s record level of clean energy investment.
The latest Brexit Risk Tracker published by Greener UK has highlighted the inherent environmental risk in the current state of Brexit plans for the UK, with all main areas of environmental policy rated at medium risk or high risk of being less protected after the UK leaves the European Union.
The International Energy Agency has this week published a new report highlighting the emergence of Chile as one of the world’s growing renewable energy destinations, thanks to second-to-none resources and increasingly forward-looking policies.
The UK’s Committee on Climate Change has warned that the Government’s Clean Growth Strategy, though ambitious, does not go far enough and that urgent action and additional measures are necessary in order to meet the country’s carbon targets.
