article thumbnail

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

Green Car Congress

This is due to wind and solar projects generating only when natural resources are available while oil, coal, and gas plants can potentially produce around the clock. Despite the spike in coal-fired generation, the pace of new coal capacity added to grids in developing nations is slowing, according to Climatescope. thousand in 2017.

Coal 243
article thumbnail

Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

Green Car Congress

billion) were all in the top 10 of investing countries while more than $1 billion was invested in Indonesia, Chile, Mexico, Kenya and Turkey. Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. Additional to China, Brazil ($7.6 billion), India ($7.4

2014 150
article thumbnail

How Will EV Charging Powered by Renewable Energy Create a Greener World

Driivz

Renewables provide a less expensive and eco-friendly energy source as a means to handle the growing pressure on the grid caused by multiple factors including extreme temperature fluctuations driving up demand for more electric heating and cooling. In 2019, around 11% of global primary energy came from renewable technologies.