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IRENA, IEA study concludes meeting 2?C scenario possible with net positive economics

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The Paris Agreement reflected an unprecedented international determination to act on climate. Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants. Electric vehicles need to become the predominant car type in 2050.

Renewable 199
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World Economic Forum Report: US$515 Billion Per Year Needed in Green Investments

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The report’s authors, Max von Bismarck and Anuradha Gurung from the World Economic Forum, and Chris Greenwood and Michael Liebreich from New Energy Finance, argue that “ enormous investment in energy infrastructure is required to address the twin threats of energy insecurity and climate change.

Green 150
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Research Suggests Renewables Could Generate 40% of Global Power by 2050

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Renewable energy technologies could generate 40% of the world’s electricity by 2050, according to research presented at the International Scientific Congress “Climate Change: Global Risks, Challenges & Decisions”. Professor Petersen. More specifically, Germany has more than doubled its share of renewable energy since 2000.

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Renewable Energy Generation: Change is not a destination, just as hope is not a strategy, a lesson exported from Detroit

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Fifty years later, the USA is faced with a similar challenge, energy independency and climatic change. In Germany, renewable electricity generation will be 35 percent by 2020, and 50 percent by 2050. Why then do we not have the same clarity of goal for the electricity generating industry here in the USA? Source: EIA.

Renewable 220
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Billion vs. $28.3 Billion in 2008). Earlier post.).

Financing 150
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IEA: global carbon dioxide emissions have rebounded strongly

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In March 2020, the IEA urged governments to put clean energy at the heart of their economic stimulus plans to ensure a sustainable recovery. The record increase in sales of electric vehicles is insufficient to offset the growth in emissions caused by the uptick in road traffic around the world, IEA said.

Emissions 433
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Next 10 report finds California must increase GHG reductions to 4.9%/year through 2030 to meet target

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While the transportation sector saw a reduction in emissions from 2017 to 2018 (-0.9%), emissions rose in all other economic sectors in 2018: Agriculture & Forestry (+0.8%), Commercial (+2.1%), Electricity Power (+1.5%), Industrial (+0.7%), and Residential (+0.3%). Private sector investment can also drive green stimulus.