The bloc should accelerate investment into mining and processing within its shores, as well as ramping up recycling, according to European employers and trades unions, with coal workers already equipped with the necessary transferable skills.
Renewable electricity will be linked to 90% of the actions needed to remove carbon emissions in 2050, according to the International Renewable Energy Agency, and the biggest volume of generation capacity will be provided by solar.
Ib Vogt and its local partner are facing protests from farmers who claim a planned 207-acre PV project site will destroy their livelihoods by occupying fertile fields.
A mix of solar and wind power can help Antigua and Barbuda to an almost-90% renewable energy system, and green hydrogen could then show the path to hitting the national ambition of 100% green power by 2030, and net zero by 2050.
The inauguration of Joe Biden as the 46th President of the United States has brought hope the country will play a central role in the world’s energy transition and combating climate change. However, rather than teaching other countries lessons, the U.S. will need to catch up with the rest of the world, and it needs to do so quickly – the world won’t wait for the U.S.
The private-sector arm of the World Bank, which claims to leverage $3 of its own capital and $8 from third parties for every dollar invested in its blended finance funds, has attempted to quantify what devoting Covid recovery funds to green investment would mean for emerging economies.
The European Commission has finalized its long-anticipated investment agreement with China. While some renewable energy businesses might benefit from improved investment security, IP protection and access to legal remedies in China, the Commission did not address the issue of Uyghur forced labor in China. As a majority block in the European Parliament had previously demanded from the Commisison to develop a firm policy to end forced labor in China, there is reason for doubt that the agreement as it stands will be adopted by the EU Parliament.
A new fund established by the African Development Bank could attract $650 million of private money into the sector, according to the lender.
Italy is in line for €11.4 billion if member states sign off an emergency funding package which will distribute funds based on the GDP and unemployment figures of their economies in June, July and August.
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