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BNEF: cost of new renewables rises as inflation starts to bite

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The cost of new-build onshore wind has risen 7% year on year, and fixed-axis solar has jumped 14%, according to the latest analysis by research company BloombergNEF (BNEF). Despite temporary cost rises for renewables, the gap to fossil fuel power generation continues to widen due to fuel and carbon prices rising even faster.

Cost Of 210
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UN Environment report says national GHG pledges only bring one-third of reductions needed for Paris Agreement

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Even if the current Nationally Determined Contributions (NDCs) are fully implemented, the carbon budget for limiting global warming to below 2 ˚C will be about 80% depleted by 2030. Given currently available carbon budget estimates, the available global carbon budget for 1.5 ˚C C will already be well depleted by 2030.

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ExxonMobil: global GDP up ~140% by 2040, but energy demand ~35% due to efficiency; LDV energy demand to rise only slightly despite doubling parc

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This geographically diverse group comprises Brazil and Mexico in the Americas; South Africa and Nigeria in Africa; Egypt and Turkey in North Africa/Mediterranean; Saudi Arabia and Iran in the Middle East; as well as Thailand and Indonesia in Asia. The OECD represents the developed economies.

Energy 252
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IEEE Discusses 6 Simple Solutions to Climate Change at COP27

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That’s according to 2023 IEEE President Saifur Rahman , who was among the speakers from engineering organizations at the COP27 event held in Egypt in November. The IEEE Life Fellow spoke during a session addressing the role of technology in delivering an equitable, sustainable, and low-carbon resilient world.