Results for: solar

September 28 2022

Japan’s Ammonia-Coal Co-Firing Strategy a Costly Approach to Decarbonization, Renewables Present More Economic Alternative

Clean ammonia is better suited for the decarbonization of other applications such as fertilizer production   Tokyo, September 28, 2022 – Japanese utilities are exploring the case for retrofitting their existing coal power plants to enable co-firing of coal with ammonia to reduce carbon dioxide emissions. However, ammonia-coal co-firing is unlikely to become an economically […]

September 27 2022

Coal power spikes, but progress on renewables brings hope

Renewable technologies had a banner year in 2021, both in terms of contributions to global generation and new capacity added.

September 21 2022

Wind And Solar Top 10% of Global Power Generation For First Time

Renewables made a record contribution to global grids in 2021, but coal-fired power and emissions jumped to new highs, according to BloombergNEF’s Power Transition Trends London, São Paulo, September 21, 2022 – The world’s wind and solar projects combined to meet more than a tenth of global electricity demand for the first time in 2021, […]

September 8 2022

BofA’s $1.5 Trillion Sustainable Funding to Focus on ‘Impact’

The boost provided to the green economy by the US climate bill – officially the Inflation Reduction Act – will ease the way for Bank of America to reach its target of $1.5 trillion in sustainable financing by 2030.

September 5 2022

US States Aiming for 100% Clean Power Total 22

As many as 22 states in the US have a target for 100% renewable energy or 100% carbon-free electricity.  The latter includes any zero-emissions resource such as nuclear and carbon capture plants. State policies complement federal policies in boosting renewables. Over 30 states have Renewable Portfolio Standards — targets set at a state level that […]

August 17 2022

US Climate Bill Changes the Game for Two Key Sectors

The passage of landmark climate legislation in the US through the Inflation Reduction Act marks a stunning turnaround for climate advocates, policymakers and other stakeholders mere weeks after legislation appeared dead. The bill would inject at least $369 billion into the US clean energy economy – with a good chunk going to the power sector, […]

August 8 2022

Sustainable Debt Issuance Dips as Scrutiny Increases

This could be the first year that sustainable debt issuance is not higher than the year before. Nearly $750 billion of sustainable debt instruments — including sustainability-linked bonds, green bonds and green loans — were issued in the first half of 2022. The comparable number last year was $900 billion. Unless there is big spike […]

August 5 2022

Europe’s Green Hydrogen Rules Raise Costs for Industry

The European Union (EU) has made clean hydrogen a pillar of both its net-zero target for 2050 and its near-term efforts to get off Russian gas. To enable the scale-up of the industry, the EU released its definition of hydrogen that will qualify as green and the budget for its long-awaited carbon contracts-for-difference scheme. The […]

August 2 2022

Renewable Energy Sector Defies Supply Chain Challenges to Hit a Record First-Half For New Investment

  BloombergNEF reports an 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226 billion   London, August 2, 2022 – Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year. […]

June 30 2022

Cost of New Renewables Temporarily Rises as Inflation Starts to Bite

  Supply-chain woes push up cost of new-build solar, battery storage and onshore wind, which rises between 4% and 14% from year ago   London and New York, June 30, 2022 – The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis […]