A renewable energy future is within our grasp: the technology is now widely available and cost-effective in most places around the world. But the current rates of deployment remain well below what is required to avert the worst impacts of climate change. The private sector is poised to invest billions of dollars to massively speed up, scale and support the energy transition. However, many investors, particularly in the private sector, are deterred by some of the risks related to renewable energy investments. As the energy transition is likely to be financed largely by the private sector, governments must work with the private sector to remove barriers and incentivize investment in renewable energy.
This working paper, produced in partnership with Ørsted, focuses on the challenges and solutions to scaling investment in renewable energy generation and provides actionable policy solutions to unlock the private sector investment needed to support the energy transition.
The global transition to renewable energy is likely to be financed largely by the private sector, including utility companies, corporations, project developers, and various investment funds.
One critical element of the energy transition will be decarbonization of the world’s electricity supply. The needed technology is developing rapidly and the scale of the requisite investment is manageable, but current rates of deployment remain well below what is required to avert the worst impacts of climate change.
Challenges that inhibit decarbonization of the power sector fall into three categories: market structure that lacks appropriate incentives to catalyze private investment in new projects, lack of public support for siting renewable energy development, and incompatible or inadequate grid infrastructure.
Governments will play a critical role in scaling renewable energy capacity by providing regulatory frameworks and policy solutions to the challenges that are slowing down private sector investment.
Top priorities for governments will be to establish renewable energy targets, policies, and market instruments that incentivize and de-risk green energy investments; improve planning and permitting, and address community concerns, while balancing other concerns; and invest in modern electricity grids and infrastructure.
Clean energy technologies are now big business. Vast sums of money in clean energy supply chains promise to rearrange the geopolitics of industrial competition and energy security. Further, to achieve their increasingly ambitious climate goals, countries are likely to do far more to reshape industrial sectors, compressing in a few years a process that normally takes decades.
“Nguyên tố Đất hiếm” là 17 nguyên tố hóa học với tên gọi lạ lùng và đặc điểm không bình thường. Số nguyên tử của chúng là từ 57-71, 21 và 39. Hai phân nhóm nhỏ hơn, một nhóm là hiếm hơn và vì thế có giá trị hơn nhóm còn lại, có đặc điểm hóa học tương tự, vì vậy chúng thường được tìm thấy và khai thác cùng nhau.
Mặc dù tên gọi là hiếm, đất hiếm không phải là chất hiếm về mặt địa lý nhưng được phân tán rộng khắp lớp vỏ trái đất. Tuy nhiên, đất hiếm được khai thác ở một vài nơi và bởi một vài công ty bởi vì chúng thường không xuất hiện tập trung một chỗ với lượng lớn. Hơn nữa khai thác mỏ ngày càng nhiều chi phí và rủi ro, thị trường đất hiếm trên thế giới không lớn (vài tỷ đô la một năm), dễ bay hơi, phức tạp và bị chi phối bởi Trung Quốc, nơi mà không phải tất cả các mỏ và xuất khẩu khoáng sản đều hợp pháp và minh bạch. Một chuyên gia kết luận rằng khoảng một nửa số đất hiếm được sản xuất trên toàn cầu năm 2015 không nằm trong thống kê chính thức. Tiếp tục đọc “Khủng hoảng kim loại đất hiếm: ngành năng lượng sạch đừng lo lắng”→
HO CHI MINH CITY — Vietnam’s TTC Group is planning to sink about $1 billion into solar energy projects in a country still dependent on coal-fired thermal and hydro power for its power needs, with national electricity demand growing faster than 10% annually.
TTC Group, a sugar, energy and real estate conglomerate, said it plans to build as many as 20 solar parks with a total capacity of 1,000 megawatts by next year. The group executed a number of clean energy projects using sugarcane waste before moving into the solar sector Tiếp tục đọc “Vietnam’s solar energy push draws investors”→
April 4, 2016 — 12:01 AM BST Updated on April 4, 2016 — 6:20 AM BST
Dominant global players have yet to emerge in wind and solar
Handful of clean-energy companies build `supermajor’ skills
More than a decade after the birth of the modern renewable energy industry, solar and wind await their John D. Rockefeller.
Bloomberg – Clean power remains a tumultuous and fragmented business, crowded with companies grabbing for slices of an emerging market that aspires to reshape how the world meets its energy needs. They rise and fall as technology advances and demand seesaws. Some have grown into sprawling regional players, often propped up by government subsidies. A few, like Suntech Power Holdings Co. and Q-Cells SE, soared to prominence, then all but flickered out.
WRI – Yesterday, the U.S. Supreme Court paused implementation of the Clean Power Plan (CPP) to allow an appeals court to consider a legal challenge from a number of states, corporations and industry groups. That case is being expedited, and a decision is expected by the fall.
Importantly, the Supreme Court’s decision to grant a temporary stay was not based on the legal merits of the CPP, which calls for emissions reductions throughout states’ power sectors. Experts agree that the CPP is on solid legal ground and will prevail. Indeed, previously the Supreme Court not only upheld the EPA’s authority to regulate carbon pollution under the Clean Air Act (which the Clean Power Plan builds upon), the Court found the agency had the obligation to do so to protect Americans’ health.
We expect yesterday’s ruling to be only a temporary time out as the CPP heads to full implementation. As the legal case proceeds, the EPA has indicated it will continue to help states put in place the plans and tools they need to comply with the rule, and the Obama administration has committed to continue taking aggressive steps to reduce emissions and lead in the fight against climate change.
Clean Power Plan: Smart, Balanced and Beneficial
The benefits of the plan are clear, far-reaching and worth fighting for. The CPP offers a smart, balanced approach that will cut dangerous pollution as it drives innovation, creates new job opportunities and improves public health. The CPP is one of the most important near-term tools the United States can use to help reach its goal of reducing emissions 26-28 percent below 2005 levels by 2025. In addition, the plan will make our air safer to breathe by reducing Americans’ exposure to particulate matter and ground-level ozone, benefiting our health and the economy by an estimated $25 billion to $65 billion – far more than the $7 billion to $9 billion cost of compliance, according to the EPA. Tiếp tục đọc “Despite Stay, America’s Economy and Climate Need the Clean Power Plan”→