article thumbnail

Global geothermal industry passes 12,000 MW operational

Green Car Congress

The international geothermal power industry is poised to place between 500 and 1,000 MW on line per year for the rest of the decade, said GEA. GEA member commitments to financing and development stages included MidAmerican’s $1 billion pledge to extend the life of its Salton Sea, California geothermal fields.

article thumbnail

G20 Leaders Agree to Phase Out Fossil Fuel Subsidies

Green Car Congress

We will have our Energy and Finance Ministers, based on their national circumstances, develop implementation strategies and timeframes, and report back to Leaders at the next Summit. We ask the international financial institutions to offer support to countries in this process.

article thumbnail

PwC analysis finds meeting 2 C warming target would require “unprecedented and sustained” reductions over four decades

Green Car Congress

The International Energy Agency, for example, now considers 4°C and 6°C scenarios as well as 2°C in their latest analysis. The new reality is a much more challenging future in terms of planning, financing and predictability. Other G20 (Australia, Korea, EU, South Africa, Saudi Arabia, Argentina). —PwC report.