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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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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. —IEA Executive Director Fatih Birol.

Russia 458
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G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

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This reform will not apply to our support for clean energy, renewables, and technologies that dramatically reduce greenhouse gas emissions. We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit.

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UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required

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The necessary set of new technologies must enable today’s poor to attain decent living standards, while reducing emissions and waste and ending the unrestrained drawdown of the Earth’s non-renewable resources. Last year’s survey called for a major overhaul of the machinery for international finance, aid and trade.

Global 338
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Nissan to make electic car batteries at Sunderland plant

Green Cars News

Prime Minister Gordon Brown said: “Nissan’s investment in a new battery plant and its hope to start producing electric vehicles here in Sunderland is great news for the local economy, creating up to 350 direct jobs and creating and safeguarding hundreds more in the associated supply chain. . Nissan Motor Co.,

Nissan 32
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. The passenger vehicle fleet doubles to almost 1.7 billion in 2035. While there is still time to act, the window of opportunity is closing.

Oil 247
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Drive Electric Submission on the Emissions Reduction Plan Discussion Document

Drive Electric

In New Zealand’s fight against climate change, e-mobility is a low-hanging fruit, especially given our supply of renewable energy. . One of the largest RHD markets, the United Kingdom, has been transitioning towards this outcome for many years creating an “Office of Low Emission Vehicles” in 2014. Japan has a 2035 deadline.