Renewables Account for Almost Three Quarters of New Capacity in 2019

The renewable energy sector added 176 gigawatts (GW) of generating capacity globally in 2019, marginally lower than the (revised) 179 GW added in 2018. However, new renewable power accounted for 72 per cent of all power expansion last year, according to new data released by the International Renewable Energy Agency …

The Investment Case for Energy Transition in Africa

Falling technology costs have made renewable energy a cost-effective way to generate power in countries all over the world, which would drive further development and improved economy. Despite the tremendous efforts that have been deployed at national and regional levels, 580 million Africans still do not have access to modern …

Oil Price Volatility Will Give a Boost to Renewables

Everyone loves low prices, but what the business community values most of all is predictability. The recent volatility in global oil markets — spearheaded by a fight to the death between Saudi Arabia and Russia — has sent the price of oil plunging to lows not seen in years. You …

Clean Energy at the Heart of Stimulus Plans to Counter the Coronavirus Crisis?

The impact of the coronavirus around the world and the resulting turmoil in global markets are dominating global attention. As governments respond to these interlinked crises, they must not lose sight of a major challenge of our time: clean energy transitions. The coronavirus is turning into an unprecedented international crisis, …

Under What Conditions Will Clean Energy Become The Norm?

Even as renewables become a more common energy source around the world, they still face major obstacles. Some barriers are inherent with all new technologies; others are the result of skewed regulatory frameworks and marketplaces. Through what confluence of conditions will clean energy become the norm? The Union of Concerned …

EBRD and Donors Boost Green Financing in the Region

The Western Balkans is a key region for, and partner in, the EBRD’s green work. South-eastern Europe has huge potential for developing green energy, with its rivers providing hydroelectric power, its mountains and plains enabling wind power, its underdeveloped solarenergy, and the inhabitants of its many cities keen for sustainable …

Global Energy-Related CO2 Emissions Flattened in 2019, Following Two Years of Increases

Global emission trends Global energy-related CO2 emissions flattened in 2019 at around 33 gigatonnes (Gt), following two years of increases. This resulted mainly from a sharp decline in CO2 emissions from the power sector in advanced economies (Australia, Canada, Chile, European Union, Iceland, Israel, Japan, Korea, Mexico, Norway, New Zealand, …