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World Bank Approves $1.8 Million Grant to Boost Chilean Geothermal Market
The World Bank Board has approved a US$1.8 million Clean Technology Fund grant to strengthen the Chilean Ministry of Energy’s capacity to further develop the country’s geothermal sector and improve its energy security. The grant will contribute to Chile’s Energy…
New Ways to Finance Cities
The international community has ended the global housing conference in Quito with the ratification of common guidelines for sustainable urban development in the form of the “New Urban Agenda.” KfW attended many of the conference’s events and presented its activities…
Energy Community Secretariat Establishes Dispute Resolution and Negotiation Centre
A Dispute Resolution and Negotiation Centre was established today by the Secretariat. Its launch comes as a response to signals that the settlement alternatives currently available for energy disputes no longer respond to the needs of national authorities and stakeholders,…
Victorian Government to Boost Solar Energy Tariffs from July 2017
Victorians with solar panels will be compensated for reducing greenhouse gas emissions in a planned reward scheme set to increase power costs for other households. Tens of thousands of rooftop solar homes on minimum feed-in tariffs will reap more generous…
Is Infiniti now Ready to Launch an Electric Car, After All?
Nissan’s strong commitment to electric cars has not, so far, extended to its Infiniti luxury brand. While the six-year-old Nissan Leaf is the bestselling electric car in history, the company has repeatedly postponed plans for an all-electric Infiniti model. But…
Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge
Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut. Brent…
Renewables Overtake Coal as World’s Largest Source of Electricity Capacity
According to the International Energy Agency (IEA), total clean power capacity increased by 153 gigawatts, overtaking coal for the first time. “We are witnessing a transformation of global power markets led by renewables and, as is the case with other…