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Renewable energy global investment drops 14%

2014-04-08 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

International Business Times: Global investment in renewable energy dropped 14 per cent to US$214.4 billion, a report from UNEP Collaborating Centre for Climate & Sustainable Energy Finance, the United Nations Environment Programme (UNEP) and Bloomberg New Energy Finance said. The report titled Global Trends in renewable Energy Investments 2014 said that the decline in investments is due to the falling cost of solar photovoltaic systems and uncertain policy in many countries. "A long-term shift in investment over the next...

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German cabinet set to approve flagship renewable energy reform

2014-04-08 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The German government will give its blessing on Tuesday to a sweeping reform of renewable energy laws designed to slow cost increases as Europe's largest economy moves to nearly double its green power share to 45 percent by 2025. Chancellor Angela Merkel's cabinet will adopt reforms to put the 'Energiewende', or transition to renewable energy, on a sustainable path as Germany attempts to wean itself off of nuclear energy and fossil fuels without killing off industries and jobs. The reforms will...

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Global dip in renewable energy investment

2014-04-07 20:56:00| Climate Ark Climate Change & Global Warming Newsfeed

Eco-Business: Global investment in renewables fell by 14 per cent during 2013, but the percentage of electricity generated by renewable sources still grew, a report shows. It said investment fell for the second year in a row because of cheaper technology, but also as a result of uncertainty surrounding energy policy. However, falling costs meant renewables accounted for 8.5 per cent of the global electricity mix, up from 7.8 per cent in 2012. Renewables accounted for 43.6 per cent of newly installed generation...

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Draft UN report: investment in renewable energy must rise drastically

2014-04-07 12:26:00| Climate Ark Climate Change & Global Warming Newsfeed

Blue and Green: Time is running out for world powers to cut greenhouse gas emissions and prevent runaway global warming, while the need for a rapid transition to a low-carbon economy grows ever more urgent, a draft UN document has warned. Climate scientists and government officials are meeting in Berlin on Monday to finalise the Intergovernmental Panel on Climate Changes (IPCC) Working Group III report. Following on from the second study last months stark description of the devastating likely impacts of global...

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Scatec Solar to build 80MW Utah Red Hills renewable energy park

2014-04-03 01:00:00| Power Technology

Scatec Solar has secured final approvals from the Utah Public Service Commission and Iron County Community Development and Renewal Agency for the construction of an 80MW (AC) PV solar plant in US.

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