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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

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Global investment in renewable energy totaled $226 billion in the first half of 2022, setting a new record for the first six months of a year, according to Renewable Energy Investment Tracker 2H 2022, a new report published by research firm BloombergNEF (BNEF). Wind project financing was up 16% from 1H 2021, at $84 billion.

Financing 243
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Germany approves €900M for green hydrogen project H2Global

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Green hydrogen plays a central role in the transformation of our economy. In the future, we will have a high demand for green hydrogen and will also need imports in addition to production in Germany. The first deliveries of sustainable hydrogen-based energy sources to Germany and Europe are planned for 2024.

Germany 382
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STEAG and thyssenkrupp planning joint green hydrogen project

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They endorse the development of a hydrogen economy and infrastructure in Germany and in Europe. With this project, we will lay the foundation of a hydrogen economy in North Rhine-Westphalia. In the coming years, thyssenkrupp Steel’s climate strategy will entail a continuously increasing and constant demand for green hydrogen.

Hydrogen 482
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Deloitte forecasts clean hydrogen market to hit US$1.4T per year by 2050

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In the report, Deloitte uses clean hydrogen to encompass both green hydrogen— produced from renewable electricity via electrolysis—and blue hydrogen—produced via natural gas coupled with carbon capture and storage. trillion in developing economies. trillion per year by 2050.

Clean 429
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Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

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Siemens suggests abandoning a fixed target for renewable energies and concentrating on the CO 2 reduction goal. Germany has embarked on a large-scale Energiewende (energy transition)—a policy-driven shift away from nuclear and fossil energy to a renewable energy economy. Source: Siemens. Click to enlarge.

Germany 239
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EIU/Swiss Re report finds significant financial risk is most acute hazard for renewable energy sector

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The renewable energy sector needs to improve risk management and access alternative sources of capital as operational risks rise and governments cut funding due to the uncertain economic environment, according to a new report by the Economist Intelligence Unit (EIU) sponsored by Swiss Re.

Renewable 199
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President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification

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In its 2011 year-end report, Road Map to Renewal , the President’s Council on Jobs and Competitiveness (Jobs Council) made a number of recommendations to create jobs in the short run and improve US competitiveness over the long term. —“Road Map to Renewal”. Cuts in this area would be terribly shortsighted.

Renewable 236