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IRENA report says tripling renewables investment required to reach 2050 climate goal

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Global renewable energy investment increased between 2013 and 2018, reaching its peak at US$351 billion in 2017, according to a new report by the International Renewable Energy Agency (IRENA) and Climate Policy Initiative (CPI). Global landscape of renewable energy finance in 2017-2018. C objective by mid-century.

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ICCT life-cycle analysis finds no climate benefit in using LNG as marine fuel

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The results of a new analysis by the International Council on Clean Transportation (ICCT) show that, when combined with a trend toward higher methane leakage and combustion slip, there is no climate benefit from using liquefied natural gas (LNG) as a marine fuel—regardless of the engine technology. First, it contains very little sulfur.

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IEA: nuclear power can play a major role in transition to low emissions energy systems; Russia, China leading on new reactor starts

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As the world contends with a global energy crisis, nuclear power has the potential to play a significant role in helping countries to securely transition to energy systems dominated by renewables, according to a new special report by the IEA. However, a new era for nuclear power is by no means guaranteed.

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EIA: CO2 emissions from US power sector have declined 28% since 2005

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US electric power sector CO 2 emissions have declined 28% since 2005 because of slower electricity demand growth and changes in the mix of fuels used to generate electricity, according to the US Energy Information Administration (EIA). Source: US EIA, US Energy-Related Carbon Dioxide Emissions , 2017.

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OP engine developer Achates Power closes $29.8M Series D; OGCI Climate Investments comes onboard

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Achates Power, the developer of next-generation two-stroke compression-ignition opposed-piston (OP) engines ( earlier post ) announced that OGCI Climate Investments has invested in the company’s Series-D round. This investment closes the Series-D offering through which Achates Power has raised $29.8

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EPA: US GHG fell 0.5% y-o-y in 2017; power sector down by 4.2%, transportation up 1.21%

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lower in 2017 than the prior year (after accounting for sequestration from the land sector), and power sector emissions fell 4.2%, according to the 2019 edition of the US Environmental Protection Agency’s (EPA) annual report on greenhouse gas (GHG) emissions. In 2017, US greenhouse gas emissions totaled 6,456.7

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EEA report: EVs are better for climate and air quality

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The EEA report ‘ Electric vehicles from life cycle and circular economy perspectives ’ reviews current evidence on electric cars’ impacts on climate change, air quality, noise and ecosystems, compared with conventional cars. The EEA has also published a new briefing on the environmental and climate impacts of transport.

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