The International Energy Agency (IEA) published its new “Energy Access Outlook: From Poverty to Prosperity” report, where it expanded its country-by-country electricity and clean cooking access database, and assessed the status for all developing countries, reviewing recent trends and policy efforts up to 2016.
International Renewable Energy Agency (IRENA) published its latest report on the progress and cost trajectory of energy storage technologies and their role within a future electricity system fuelled principally with renewable energy.
A dramatic drop in the price of clean technologies and the rise of smart policies are driving businesses to climate-smart investments. 2015 was another record-breaking year for investment in new wind power, solar power, and hydropower plants: 152 gigawatts (GW) of renewable energy became operational, and global investment in clean energy increased to $348.5 billion – more than twice as much as coal- and gas-fired power generation.
The call for a 100% renewable energy future is gaining widespread support. It is a clear and simple concept, which expresses perfectly the ambition signaled by countries in signing of the 2015 landmark Paris Agreement. Holding global average temperature rise well below 2°C, not to mention a much safer limit of 1.5°C, requires nothing short of the complete decarbonisation of the energy sector. But the world is a complex place; what works in one country doesn’t necessarily work in another. Finding solutions for some sectors is easier than for others. The stakes are high – financially, environmentally and socially – and as the transition progresses, there will be clear winners and losers.
The solar and wind power industries must raise trillions of dollars in the decades ahead to achieve the scale of older, more established energy sources. While investment in solar and wind power has grown in recent years, reaching a record $270 billion in 2015, such investment declined by roughly 16% to $226 billion in 2016. Solar and wind developers often struggle to obtain adequate financing on competitive terms.
87 of the world’s leading companies are now members of RE100, creating demand for around 107 Terawatt hours (TWh) of renewable electricity – around the same amount of power consumed by the United Arab Emirates or The Netherlands. 34 leading businesses have joined RE100 in the last year, reflecting an increasing recognition of the business case, and the vital role that companies play in expanding the market for renewable energy. While growth has historically been focused around the US and Europe, 2015-16 saw RE100 welcome members from China and India, with favorable policy environments opening up new opportunities for corporate leadership in these regions.
UEFA EURO 2016 was a large-scale football event in France involving 24 teams, 51 games played in 10 stadiums, and 2.5 million ticket holders. This post-event report follows up on the one-year-to-go report, detailing the operational implementation of social responsibility and sustainabilitymeasures
Renewable energy set new records in 2015 for dollar investment, the amount of new capacity added and the relative importance of developing countries in that growth. All this happened in a year in which prices of fossil fuel commodities – oil, coal and gas – plummeted, causing distress to many companies involved in the hydrocarbon sector. So far, the drivers of investment in renewables, including climate change policies and improving cost-competitiveness, have been more than sufficient to enable renewables to keep growing their share of world electricity generation at the expense of carbon-emitting sources.
The rapid worldwide expansion of renewable energy in recent years has been largely driven by support policies. Typically, these aim to address market failures in an effort to promote the uptake of renewable energy while achieving a number of other objectives, including energy diversification, the development of a local industry and job creation.
The Olympic and Paralympic Games are one of the world's largest sports events, and the delivery of the Games has more wide-ranging impacts than we could imagine, not on the field of sports alone, but also on society, the economy and other fields. The Games' influence will go beyond Tokyo, the Host City, extending across Japan and the world. Given the growing momentum for efforts to project the global environment, it is vital that these concerns are fully addressed in the preparations for the delivery of the Olympics and Paralympic Games.
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