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

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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). The 2020 edition of Global Landscape of Renewable Energy Finance highlights however, that while a cumulative US$1.8

Climate 349
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Wärtsilä and partners developing emissions-free barge concept

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By switching from diesel-fueled propulsion to fully electrically powered transport, an important step can be taken towards realizing the Paris Climate Agreement goals. To make it easier for barge operators to sign-on to the concept, a ‘pay-per-use’ financing model has been developed. Barge power usage varies from 500 to 1000 kW.

Concept 357
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BNEF: net-zero road transport by 2050 still possible, but big push needed

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The report also found that vehicle-to-grid (V2G) technology can play a role in driving down power sector emissions and generating value for consumers. Concessional finance has been a key enabler for the development of renewable power generation in emerging economies and could play a similar role in the EV sector.

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Munich Re insuring battery performance; stationary first, EVs in second phase

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For example, if the repair or replacement costs of defective or weak battery modules exceed a predetermined amount, the insurance then covers the rest. It will also become easier to obtain project financing, because the maximum costs for any warranties are capped by the insurance cover.

Batteries 236
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.

Financing 150
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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However, the financial cost of the shift is causing concern. With efficiency ratings of more than 60%, an advanced combined cycle power plant emits less than half the CO 2 produced by a new coal-fired power plant, and wind power is well on its way to be able to deliver electricity as cost-effectively as conventional energy sources.

Germany 239
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Is Europe’s Nuclear Phaseout Starting to Phase Out?

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Some of these anti-nuclear forces have recently found a sparring ground with France in drafting the EU’s sustainable finance taxonomy , which delineates particular energy sources as “green.” says Darragh Conway , a climate policy expert at Climate Focus in Amsterdam. After all, the cost of renewables continues to plummet.

France 98