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Worldwide Clean Energy Investments Hit $333.5 Billion Last Year
Global investment in renewable energy hit $333.5 billion in 2018, the second-highest on record, according to a new analysis from Bloomberg New Energy Finance (BNEF). That’s a 3 percent jump from 2016 and 7 percent short of the $360 billion…
Shell, Swedfund, ENGIE Invest $20 Million In Rural Distributed Renewables In Asia & Africa
Husk Power Systems, a leading rural distributed utility company which operates mini-grids in Asia and Africa, has announced the closure of a $20 million equity investment from Shell, Swedfund, and ENGIE, which will serve to accelerate the company’s growth in…
Australia Secured Record Clean Energy Investment In 2017
Australia recorded its best ever clean energy investment year in 2017, according to new figures from Bloomberg New Energy Finance, taking in $9 billion in 2017, up 150% on 2016 and lifting Australia to 7th position in terms of global…
European Parliament Votes to Strengthen 2030 Renewables Goals and Set ‘Net Zero’ Emission Target
The European Parliament yesterday voted in favour of proposals to significantly strengthen the EU’s climate package through to 2030 and beyond, backing a higher renewable energy target, more ambitious binding efficiency goals, and a new 2050 ambition to build a ‘net…
Record-Breaker: British Wind Power Output Tops 10GW
Wind power has set a new record in the UK, topping 10GW of output for the first time according to the latest data from Drax Electric Insights. Wind energy first broke the 10GW mark earlier this week, but continued its…
McKinsey: Renewables and EV Boom will Struggle to Move World Onto 2C Pathway
Renewables are set to dominate the global energy market and demand for electric vehicles will soar over the next decade, but neither industry will make fast enough progress to ensure the world meets targets to limit temperature increases to well…
US CO2 Emissions Declined During Trump’s First Year as President
What were United States carbon dioxide (CO2) emissions like in 2017, the first year President Donald Trump was in office? Based on preliminary estimates, the Rhodium Group said US emissions declined by just below one percent, thanks to changes in…