Originally published on RenewEconomy. Investment bank says wide deployment of battery storage will hasten the demise of fossil fuels and utilities that remain focused on centralised generation. It tips rapid fall in costs and a $400bn storage market by 2030. Investment bank Citigroup predicts that the wide deployment of battery … [continued]
China is now the world’s largest economy, and one of the leaders in renewable energy investment and development.
Originally published on RenewEconomy. Citigroup says the impact of the China-US climate deal signed earlier this month could total $US3.9 trillion ($A4.5 trillion) – that’s the loss in revenue for Big Oil and Big Coal over the next 15 years from the joint undertaking on greenhouse gas emissions by the … [continued]
RenewEconomy. (Note, all dollars are $US). The flow of analysis about battery storage from big-end investment banks continues apace. Last week it was HSBC and Citigroup with ground-breaking reports – which we wrote about here and here. UBS also jumped in on the act too. Why is this so? Well, … [continued]
RenewEconomy. Global investment bank Citigroup predicts that the annual installation rate for rooftop solar in Australia could rebound to more than 2.2GW a year by 2020, meaning a total capacity of 14GW of rooftop and utility scale solar by the end of the decade. In a surprisingly buoyant forecast, Citigroup … [continued]
RenewEconomy. Leading investment bank Citigroup has painted an incredibly bright future for solar energy across the globe, arguing that its rapid expansion will be driven by “pure economics” and the growing need for diversity. “We believe global solar growth will be driven by economics, fuel diversity and emerging financing vehicles … [continued]
Originally published on Renew Economy. Australia’s major energy utilities are now united in pushing for an end to rooftop solar subsidies – pitching the incumbent utilities into a major battle with the solar industry and consumer groups over the treatment of household solar. AGL Energy became the last of the … [continued]
Originally published on RenewEconomy. Global investment bank UBS says solar is likely to account for 10 per cent of global electricity capacity by 2020, as production costs continue to fall, and demand soars in the world’s major economies and in other markets. In the latest bullish solar analysis released by … [continued]
Originally published on RenewEconomy. The global fossil fuel industry faces a loss of $US28 trillion ($A30.2 trillion) in revenues over the next two decades, if the world takes action to address climate change, cleans up pollution and moves to decarbonise the global energy system. The assessment, made by leading European … [continued]
Originally published on World Resources Institute. By Letha Tawney, Bharath Jairaj and Xuege (Cathy) Lu Investors worldwide spent less on renewable energy and related technologies—such as smart meters, electric vehicles, and storage—last year than in previous years. Global investments in renewable energy fell to $214 billion, down 14 percent from 2012. … [continued]
