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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. 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.

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World Bank Group: mineral production to soar as demand for clean energy increases

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A new World Bank Group report finds that the production of minerals, such as graphite, lithium and cobalt, could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies. Source: “Minerals for Climate Action: The Mineral Intensity of the Clean Energy Transition”.

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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 billion in the third quarter of 2018, down 6% from the same period last year, according to the latest Clean Energy Investment Trends report from research company Bloomberg NEF (BNEF). Public markets investment in clean energy jumped 120% to $3.1 billion, up 9% on a year earlier.

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Cal ISO: California grid battery storage increased nearly 20x since 2019 to 5,000MW; projected to hit 52,000 MW by 2045

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Source: California Energy Commission The latest data from the California Energy Commission (CEC) shows that in 2021 more than 37% of the state’s electricity came from Renewables Portfolio Standard (RPS)-eligible sources such as solar and wind, an increase of 2.7% Senate Bill 100 (2018) accelerates the RPS goal to 60% by 2030.

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California agencies release report charting path to 100% clean electricity; need to triple grid capacity by 2045

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The report is the initial analysis called for in Senate Bill 100 (SB 100, De León, Chapter 312, Statutes of 2018), the state’s policy requiring that renewable and zero-carbon energy resources supply 100% of electric retail sales to customers by 2045. A clean electricity grid is necessary to achieve economywide carbon neutrality.

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ARPA-E announces $100M OPEN 2021 funding opportunity for transformative clean energy tech R&D

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The US Department of Energy (DOE) announced up to $100 million in funding for transformative clean energy technology research and development via its Advanced Research Projects Agency-Energy’s (ARPA-E’s) OPEN 2021 funding opportunity ( DE-FOA-0002459 ). Concept papers are due on 6 April 2021.

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California cap-and-trade spending doubles to $1.4 billion in 2018; xEV rebates, affordable housing, wildfire prevention, public transit

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From rebates for electric and plug-in vehicles to energy efficiency and solar installations that are reducing home energy costs, more than 125,000 individual projects were completed in 2018. Overall, 60 new clean school buses were delivered to rural school districts throughout the state.