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Benchmark: global battery industry needs to invest $514B to meet demand in 2030; $920B by 2035

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This includes spending on renewables such as wind and solar as well as grid and other infrastructure. Energy storage might form a relatively small piece of the overall financing required, but it is a strategically critical piece of the puzzle. Global investment in technologies to help the energy transition reached a record $1.3

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Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

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For the first three years, the carbon price will be fixed, before moving to an emissions trading scheme in 2015. From 1 July 2015, the carbon price will be set by the market. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. a year in real terms.

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EPRI assesses status of 8 key power generation technologies for US; estimates of capital cost and levelized cost of electricity

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LCOE calculations are based on assumptions regarding future unit operations, operating costs, fuel prices, financing terms, and inflation. Representative Cost and Performance of Power Generation Technologies (2015). Source: EPRI. emissions capture and storage, new emissions controls regulations, and increasing capital costs.

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Deutsche Bank CCA report highlights Chinese global leadership toward a low-carbon economy; 12th Five-Year Plan

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The spending in the 12th Five Year Plan for the period 2011 through 2015 represents 60% of the investment capital allocated for the decade. The Draft Plan establishes goals for 2015, in addition to many of the 2020 targets already announced. hectares and high-speed rail is targeted to expand by 47,000 km between now and 2015.

Carbon 220
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Major power and gas company E.ON splitting in two; focusing on renewables, spinning off conventional power generation

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In 2015, E.ON billion) compared to the previously planned 2015 capex of €4.3 will place a particular emphasis on expanding its wind business in Europe and in other selected target markets. In 2014 and 2015 E.ON SE shareholders. will take necessary preparatory steps for the New Company’s public listing. For this purpose E.ON

Power 244
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Obama climate plan calls for new fuel economy standards for heavy-duty vehicles post-2018; cleaner fuels and investment in advanced fossil energy

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A proposal for existing plants is due in 2014, with targeted file rule in 2015. The US will also work with trading partners to launch negotiations at the World Trade Organization towards global free trade in environmental goods, including clean energy technologies such as solar, wind, hydro and geothermal.

Obama 249
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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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billion of final investment decisions on offshore wind projects in Europe. A continuing sharp decline in technology costs—particularly in solar but also in wind—meant that every dollar invested in renewable energy bought significantly more generating capacity in 2014. billion set in 2011. billion, up 39% from 2013.

2014 150