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BloombergNEF: clean energy investment in developing nations slumps as financing in China slows; coal burn surges to record high

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New investment in wind, solar, and other clean energy projects in developing nations dropped sharply in 2018, largely due to a slowdown in China. The findings suggest that developing nations are moving toward cleaner power but not nearly fast enough to limit global CO 2 emissions. thousand in 2017. billion and $2.7

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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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The Paris Agreement looks to limit global warming to under 2 ˚C, with a more ambitious goal of 1.5 ˚C If the emissions gap is not closed by 2030, the report says, it is extremely unlikely that the goal of holding global warming to well below 2 ˚C can still be reached. C also on the table. C will already be well depleted by 2030.

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BNEF: global investment in energy transition hit $500B in 2020; $139B on EVs and infrastructure

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billion in new renewable energy capacity in 2020, up 2% on the year, helped by the biggest-ever build-out of solar projects and a $50-billion surge for offshore wind. Global investment in carbon capture and storage (CCS) tripled to $3 billion, and that in hydrogen was $1.5 billion, level with 2019 despite falling unit prices.

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