The Energy Endgame: Renewables vs Fossil Fuels

The combination of market forces and changing public sensibilities are driving a major shift in the energy landscape. The need for renewable energy to combat climate change is incontrovertible, while a plethora of warnings tell us that we are rapidly exhausting our carbon budgets. Ending fossil fuels is a mathematical imperative if we are to have a chance of keeping temperatures from rising above the upper threshold limit of 1.5 - 2.0 C.

In 2016 we were already seeing how diminishing profits were contributing to the fall of fossil fuel and the rise of renewables  In 2020 the momentum away from fossil fuels is undeniable. They are being shunned by investors, insurance companies and banks. Fossil fuels are approaching the end of their life cycle while renewables are becoming increasingly attractive due to the declining cost of solar and storage.

Workshop - Risk Mitigation in Renewable Energy Investments in Africa

A workshop on Risk Mitigation in Renewable Energy Investments in Africa will take place on January 29 – 30, 2018 in Nairobi, Kenya.

Although US President Donald Trump has called Africa a "shithouse", the facts dispute his characterization, particularly as it relates to another topic he dislikes, renewable energy.

Africa is an ideal location for solar, wind, and geothermal. It is the sunniest continent on Earth and has a large coastline, where wind power and wave power are abundant. Geothermal power has the potential to provide considerable amounts of energy in many eastern African nations due to a 5,900-kilometer rift.

One Planet Summit Highlights the EU's Climate Leadership

As evidenced by the recent One Planet Summit, the EU and its member states are leading climate action. In the EU, governments, businesses and investors are all engaged in hopeful efforts and initiatives designed to combat climate change.

On the anniversary of the signing of the Paris Climate agreement on December 12, French President Macron convened a summit to encourage private and public financing for the implementation of the Paris agreement. The One Planet Summit was attended by governments, corporations and other organizations. At this event the European Union announced that it would invest at least €9 billion (US$10 billion) on clean energy, sustainable cities and agriculture. Even Theresa May, the less than green-minded prime minister of the UK, acknowledged the need for wealthy nations to help the developing world. She pledged to contribute £140 million to help poorer countries manage climate change.

France Shows Trump What Climate Leadership Looks Like

France is leading climate action. The host nation for the signing of the historic Paris Agreement has repeatedly refuted Trump's climate denial while adopting a raft of measures as part of an ambitious national climate plan.  It is fair to say that with its support of science, climate focused political agenda, and progressive climate plan France is one of the most sustainable countries in the world.  French efforts have been ongoing for years and include everything from mandatory sustainability reporting to the problem of food waste. In May France announced that it was moving forward with 17 GW of clean energy investments. These are just some of the reason France has emerged as a global climate leader.

Energy Storage Market Overview and Forecasts

The stored energy market has grown exponentially but this is nothing compared to what we can expect to see in the coming years. Massive growth is expected all around the world and this will contribute to an exponential increase in distributed power in developed nations. This will also allow developing nations to forego the need for a expensive investments in grid infrastructure.

The combination of increasing-efficiency and decreasing-cost will keep driving demand for energy storage in 2017 and beyond.

Lithium-ion

Lithium-ion technologies accounted for more than 95 percent of new energy-storage deployments in 2015. There is no reason to believe that this trend will not continue. Given all the options on the table lithium-ion batteries have proven to be the most suitable type of storage for EVs and stationary energy across the grid, from large utility-scale installations to residential systems.

Obama Administration's Oil and Gas Initiatives

In their final year, the Obama administration has moved forward with some important actions to curtail extraction and reduce pollution from the oil and gas industry. Fossil fuels are responsible for the vast majority of greenhouse gases and deadly air pollution.

To help address these concerns President Obama has previously a raft of fossil fuel related actions. This includes, the Clean Power Plan, stopping the KXL, cuting Shell's Arctic drilling in half and halting the building of the Dakota Access pipeline.  In 2016 President Obama went even further and banned offshore Arctic oil drilling, changed the methane rules for the fossil fuel industry and canceled gas leases on Native lands.

Event - Renewable Energy World International

This event will take place on December 13-15, 2016 in Orlando Florida at the Orange County Convention Center (North and South Halls). Renewable Energy World International tracks are designed to be made horizontally applicable across all technology sectors. Hear from our track champions on what is being covered during these impactful conference sessions.

Building Relationships

Make connections with 20,000 other renewable energy professionals from around the globe. Learn from each other during multiple networking events.

Event - Renewable Energy World Conference & Expo North America 2016

This event will take place from December 13 to December 15, 2016 in Orlando Florida. This BIG PICTURE' conference, will cover the full landscape of renewables. Attendees will hear from several Renewable Energy World International Committee Members about what HOT industry topics are being covered in this years conference.

Solar Roadways: Science Fiction Becoming Reality

Solar roads are entering a new test phase that will see them installed along a portion of the iconic route 66. Solar Roadways is the brainchild of Scott and Julie Brusaw of Idaho.  It all started ten years ago when Scott, an electrical engineer and his wife Julie began to imagine how solar panels could be embedded into the road. The concept eventually incorporated LEDs that could illuminate highways, and replace road lines. These solar panels can also be heated enabling them to melt snow and ice. The panels used in olar roadways are made out of recycled glass and in addition to collecting renewable energy, the panels can even redistribute storm water.

Green Banks Leverage Private Investments for Climate Finance

In addition to creating new jobs and improving the environment Green Banks are essential to ramping-up clean energy finance. Such banks are capable of helping to unleash the vast potential of climate focused investing. Green Banks reduce the cost of clean energy and efficiency. They are helping to change market thinking by taking a holistic, long-term view of industry support.

A Green Bank is a government-created institution that facilitates private sector financing for clean technology projects. Different Green Banks have different programs, however, they all leverage public funds to attract private investment.

Investor Warning: Fossil Fuels and the Risk of Stranded Assets

It is becoming increasingly apparent that fossil fuels represent a substantial risk that should make investors wary. Fossil fuel reserves, including oil, gas and coal will be rendered obsolete in the coming decades, leaving investors holding valueless investments. A plethora of peer reviewed science tells us the curbing fossil fuel use is key to climate mitigation.

From widespread calamitous coastal flooding to devastating extreme weather events the need to urgently act on climate change has finally been accepted by every nation on earth. The economics of climate action is sound. A cost benefit analysis reveals the overwhelming logic. We must the eradication of fossil fuels as soon as possible. The impetus to act on climate change, once dismissed by some, is now a fact of life for all thinking people.

Green Finance Goes Mainstream in 2016

The world is embracing green finance as never before and all expectations are that this will increase as we move towards a low carbon economy. Financial systems should play an important role in the green economic transition said, Zhou Xiaochuan, the Governor of the People's Bank of China. Zhou was speaking at the Green Finance Symposium which took place on Saturday, April 15th in Washington.
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After years of volatility, green finance is emerging as a central part of our efforts to address climate change and transform our energy infrastructure. Green finance is preoccupied with adapting to the impacts of climate change and/or reducing greenhouse gas emissions. It is the means by which we can stream tremendous amounts of needed capital into emissions free sources of power.

Green Bonds Emerging as a Major Force in Green Finance

The momentum driving green bonds is growing and they have emerged as a major instrument of green finance. Green bonds generate funding for sustainable development and clean energy technology. They attract debt investment capital and drive innovation in renewable energy, sustainable agriculture, forests and other environmental causes. At COP21 green bonds were touted as being one of the vehicles that could help deliver $100 billion annually by 2020 to support of climate action.

IDB to Double Climate Related Projects

In October last year Inter-American Development Bank (IDB) announced that it is going to double its climate related projects by increasing financing by between 25 and 30 percent by 2020. The IDB was established in 1959, it offers long-term financing for economic, social and institutional development in Latin America and the Caribbean.

The Allure of Low Carbon Investment Opportunities

Investors are waking up to the opportunities afforded by the low carbon economy. The benefits of emissions reduction extend far beyond averting a climate catastrophe. Decreasing our GHG emissions will help create jobs, alleviate poverty, improve public health and even provide greater food security.

The math supports climate action and the economics are becoming harder to refute. Market forces are driving a steady flow of capital and investors are finding it impossible to ignore the return potential of low carbon technologies.

World Bank to Finance More Renewables in the Developing World

After being called out for hypocrisy, the World Bank is working to redeem itself through massive investments in renewable energy. The International Monetary Fund and the World Bank Group are holding their annual "Spring Meetings events" in Washington, DC, on April 12-17, 2016. It will be attended by thousands of government officials, journalists, civil society organizations, and participants from the academia and private sectors. The meetings will feature seminars, regional briefings, press conferences, and many other events focused on the global economy, international development, and the world's financial markets.

Germany Continues its Green Dominance in 2015 (Video)

Europe has the highest concentration of national sustainability efforts in the world. In 2015 Nordic countries once again assumed a leadership role along with France. In addition to being an economic giant Germany is also an environmental titan. Germany is ranked fourth in the Global Green Economy Index.and seventh in a RobecoSAM study. Germany has distinguished itself as an early adopter of clean power and it has a secure place in history as a renewable energy pioneer.

France: One of the Most Sustainable Countries in 2015

In 2015 France stood out as one of the most sustainable countries in the world due to the scope of their national efforts and the wider economic implications of their actions. While Nordic countries and their neighbor Germany have ranked very highly on a number of national sustainability assessments, France must be including on any list of the greenest European countries in 2015. France is listed among the top ten countries in the Environmental Performance Index (EPI) ranking of 180 nations. 

As hosts of the COP21 climate talks last December French leadership was essential. This is particularly true in light of the Paris terror attacks that took place just prior to the start of the final round of negotiations. Under the leadership of Francois Hollande France has been a global climate leader. In addition to being the host of the most important climate conference in human history, France introduced a number of sustainability measures in 2015. From managing food waste to supporting renewable energy France showed that it is walking the talk last year.

Canadian PM and Provinces Unified for COP21

On Monday November 23 Canadian premiers met with the Prime Minister to discuss a national strategy on climate change ahead of COP21. Provincial leaders will be attending the December climate talks alongside the Prime Minister. Although emissions reduction is a provincial prerogative, Ottawa will provide powerful incentives to the provinces for their emissions reduction achievements.

Trudeau has repeatedly stated that his government is prepared to ensure that Canada does it part to contain climate change.Trudeau has been making good on his commitments to advance climate action. At the meetings of the G20 and APEC last week Trudeau encouraged members to engage the struggle against global warming. Now the meeting with Canadian premieres prepares the way for Canada to play a constructive role at the forthcoming UN sponsored climate negotiations.

What Canadian Provinces are Doing to Combat Climate Change

Climate action is largely a provincial matter in Canada. This is the view of both the former Conservative government and the newly elected Liberals. This means that provincial and territorial climate plans are crucially important to Canada's collective effort.

Alberta

The newly elected premiere of Alberta is Rachel Notley. Alberta generates 249.3 Mt CO2 per year representing 35.7 percent of Canada's greenhouse gas (GHG) emissions. Notley has announced sweeping reforms to the province's energy sector that are intended to balance the economic concerns with climate concerns. The plan includes an economy-wide price on carbon, the phase out of coal, methane reductions l and a commitment to renewables and energy efficiency. The goal is to derive nearly one-third of the province's power from renewables by 2030. The plan also includes a 100-megatonne cap on carbon emissions from the tar sands (it currently emits 70 megatonnes annually).