Against the backdrop of climate crisis internationally, the 2020s are certainly about the switchover from fossil fuel, coal and such high carbon-burning fuel sources to renewables such as hydropower, solar energy, geothermal energy and wind power. Set to become literally the most massive technological shift the species globally has ever seen, financial forecasters and economists reckon the global renewable energy market surpassed $1 trillion in total value in 2018 and is growing at a rate of almost 9%...
Several detailed studies have now shown up the Scott Morrison government’s “gas-led economic recovery” plan to be a fraudSource: greenleft.org.au
On the eve of the fifth anniversary of the Paris Climate Agreement on 12 December, tough questions need to be asked on South Africa’s lethargic – and blinkered – response toSource: dailymaverick.co.za
Ireland continues to be among the worst of the world’s developed countries when it comes to responding the climate crisis, according to the 2020 Climate Change Performance Index (CCPI)Source: irishtimes.com
A LOW carbon charity helped businesses and householders across Scotland prevent 250,000 tonnes of CO2 last year – an increase of almost 30 per cent on the year beforeSource: heraldscotland.com
Around the world the mood is shifting. Xi Jinping has adopted a target to cut China’s net carbon emissions to zero by 2060Source: stuff.co.nz
Action to tackle climate emissions announced by countries in recent months could help limit global warming to 2.1C, analysis suggestsSource: pressandjournal.co.uk
The passing of the Greens-initiated motion for a Green New Deal (GND) in Victoria in the Legislative Council on November 11 is a significant step forwardSource: greenleft.org.au
New South Wales energy minister Matt Kean released the NSW Electricity Infrastructure Roadmap on November 9, saying the government is responding to community concerns about reducing emissions and energy costsSource: greenleft.org.au
For the past four years, President Donald Trump propped up fossil fuels, called climate change a “hoax” and falsely claimed wind power causes cancerSource: eastbaytimes.com
For the past four years, President Donald Trump propped up fossil fuels, called climate change a "hoax" and falsely claimed wind power causes cancerSource: erienewsnow.com
President-elect Joe Biden can expect to face fierce political opposition as he seeks to implement what amounts to the country's boldest-ever plan for combating climate changeSource: cbsnews.com
ScottishPower may have switched off its fossil fuel burning power plants, but its Chief Executive Keith Anderson stresses that investment is needed in several core green infrastructure projects, finds AndrewSource: heraldscotland.com
The final report of the Royal Commission into Natural Disaster Arrangements was handed down on October 28Source: greenleft.org.au
A new poll reveals that six in 10 Canadians believe now is the time for the federal government to make “major changes to fix long-standing problems in society” suchSource: nationalobserver.com
That was President Donald Trump’s question in the last presidential debate after Joe Biden said he wanted the oil industry to start transitioning to renewable energySource: dallasnews.com
But seven of the eight states that get the largest share of their electricity from solar and wind are politically red or purple, with California ranking ninthSource: dailydemocrat.com
Indoor socialising is off. Even if it is not specifically proscribed where you live, a once innocuous cup of tea with friends now carries an unappetising tang of riskSource: theguardian.com
Joe Biden wants to take one of the great American success stories of the last several decades — and drive it into the groundSource: nypost.com
Japan’s prime minister, Yoshihide Suga, has said the country will become carbon neutral by 2050, heralding a bolder approach to tackling the climate emergency by the world’s third-Source: theguardian.com
ANNAPOLIS — CleanBay Renewables IncSource: csctimes.com
HOUSTON — Joseph R. Biden JrSource: nytimes.com
Joe Biden, the Democratic presidential nominee, has vowed to eliminate greenhouse gases from the US power grid within 15 years and essentially zero out emissions by 2050, a plan assailedSource: theguardian.com
DUBAI, United Arab Emirates (AP) — A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it’s not another skyscraper toSource: mymotherlode.com
DUBAI, United Arab Emirates (AP) — A new wonder is rising in the southern desert of Dubai against the backdrop of Persian Gulf beaches, but it's not another skyscraper toSource: ourmidland.com
The ageing Vales Point coal fired power station on the New South Wales Central Coast, due to close in 2029, was given a stay of execution in the federal budgetSource: greenleft.org.au
Since this area of Green New Deal News is devoted to business, let’s drop the biggest numbers first: In 2018, the global renewable energy market was valued at $1.011 trillion. Making this even more thrillingly envy-inducing is the Market Watch forecast of a Compound Annual Growth Rate (CAGR) of 8.90% straight through to 2023.
And even the world’s largest consumer of non-renewable energy by far, the United States, is turning the corner on fossil fuel addiction: In April 2019, power generated from renewable energy sources represented 23% of the total power generated in the country that month, topping coal by 3%. Wind power and solar energy made up about 50% of the total renewable power generated, while hydroelectric comprised just over 42%.
The prime niche market within the renewables market is in batteries. Always the bugaboo of renewable energy sources to their toxicity and extremely high weight-to-wattage capacity, storage battery technology is growing by leaps and bounds. By the end of the 2020s, costs involved in energy storage dropped from between 10% for onshore wind farms to 35% for lithium-ion battery storage. These declines mean more batteries are bought by renewable energy producers and increasingly greater amounts of renewable energy are generated.
On top of this, the majority of state governments have mandated an increase in renewable energy production, and 10 state utility companies have set zero-carbon goals for 2030.
What else does the hip investor need? All things considered, renewables look like the safest bet in the green investment game. Keep up on the renewables business news and related green investment right here at GreenNewDealNews.com.