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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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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.

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BNEF: net-zero road transport by 2050 still possible, but big push needed

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Sales of internal combustion engine vehicles already peaked in 2017 and BNEF expects the global fleet of ICE passenger vehicles to start to decline in 2024. Electric vehicles are a powerful tool in reducing global CO2 emissions from the transport sector. Yet, the rising cost of batteries will not derail near-term EV adoption.

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San Pedro Bay Ports release draft of 2017 Clean Air Action Plan Update; $7-$14 billion price tag

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The ports of Los Angeles and Long Beach released the draft of their proposed 2017 C lean Air Action Plan (CAAP) Update. A preliminary analysis estimates the cost of implementing the 2017 CAAP at $7 billion to $14 billion. The 2017 CAAP identifies the tougher measures needed to ratchet down emissions to zero or near-zero levels.

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BNEF: EV company fundings bright spot as clean energy investment slips in Q3 quarter; 3 China EV companies raise $1.9B

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Global clean energy investment was $67.8 Looking at the third-quarter global investment figures by type, asset finance of utility-scale renewable energy projects came to $49.3 billion, down 15% on 3Q 2017, while the purchase of small-scale solar systems of less than 1MW totaled $13.5 —Colin McKerracher. Spain at $1.9

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DOE releases draft energy storage grand challenge roadmap and requests stakeholder input

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Over the Fiscal Years 2017-2019, DOE has invested more than $1.2 The vision for the ESGC is, by 2030, to create and sustain US global leadership in energy storage utilization and exports, with a secure domestic manufacturing base and supply chain that is independent of foreign sources of critical materials.

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Next 10 report finds California will meet or exceed original target of 1.5M ZEVs by 2025

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The report shows that projected global ZEV adoption from 2015 to 2039 (based on the BNEF 2017 forecast) may follow an s-curve, similar to that of smartphone adoption in the US from 2005 to 2015. As of October 2017, 337,483 ZEVs have been sold in California. million unit uptick in 5 years. ZEV sales increased 29.1%