Remove Affordable Remove Climate Change Remove Cost Of Remove Global
article thumbnail

IRENA: doubling global share of renewable energy by 2030 could save trillions annually from avoided expenditures on pollution and climate change

Green Car Congress

Doubling the share of renewables in the global energy mix by 2030 can save up to US$4.2 trillion annually by 2030—15 times more than the costs— according to a new report by the International Renewable Energy Agency (IRENA). Under existing national plans, the global renewables share would only reach 21% by 2030.

article thumbnail

MIT researchers conclude fundamental changes in the US energy-innovation system are needed to meet challenges of climate change and energy supply

Green Car Congress

Without systematic, transformative changes, the US is unlikely to succeed either in averting the worst economic and environmental consequences of climate change or in achieving a secure, affordable and reliable energy supply. The project was supported by a grant from the Doris Duke Charitable Foundation.

article thumbnail

IRENA report says tripling renewables investment required to reach 2050 climate goal

Green Car Congress

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.

Climate 349
article thumbnail

North America’s largest lithium supply to be developed with DOE help

Teslarati

Simply put, the resources on-site have the potential to immediately make a positive environmental and economic impact locally, nationally, and globally.” Still, it is far from the only investment DOE is making into making electric vehicles more affordable overall. Secretary of Energy Jennifer M.

article thumbnail

Driving Towards a Sustainable Future: The Rise of Electric Autos in India

Baua Electric

With the global push towards sustainability, the rise of electric autos in India comes as no surprise. As the second-most populous country in the world and one of the largest consumers of fossil fuels, India is making significant strides in adopting electric vehicles (EVs) as a solution to combat climate change and reduce air pollution.

India 98
article thumbnail

What is Renewable energy integration, challenges, why it is needed

Baua Electric

Integrating these sources helps mitigate climate change, reduce air pollution, and protect ecosystems. Climate Change Mitigation: By displacing fossil fuel-based energy sources, renewable energy integration contributes to global efforts to mitigate climate change.

article thumbnail

China and Norway Lead the World’s EV Switchover

Cars That Think

Globally, according to research by the Rocky Mountain Institute , EVs will comprise two-thirds of the world’s car sales by 2030. Thirty-three countries are signatories of the Global Commercial Vehicle Drive to Zero agreement for heavy- and medium-duty vehicles like tractor-trailers, buses, and box trucks. degrees C (2.7 degrees F).”

Norway 80