Clean energy spending in 2016 hits 43% share of total supply investment, finds IEA
The International Energy Agency’s World Energy Investment report sees global spending on energy fall by 12% overall in 2016, marking the second-consecutive year that investment has dropped as less money is poured into costly gas and oil infrastructure. Clean energy spending, meanwhile, is on the up.
Turkey’s Erdoğan threatens to not ratify the Paris climate accord
In another show off for Turkey’s populist president this weekend, Erdogan threatened global leaders that his country “will not ratify the Paris climate accord” if certain conditions are not met.
India’s solar goal makes it global frontrunner in climate change fight, says World Bank
The global lending institution praises India’s solar program in new report, noting how clean energy sources are beginning to displace coal at a sweeping rate.
Heraeus’ IP patent case struck down in Taiwan
The German-headquartered silver paste specialist laments the Taiwanese Intellectual Property Court’s decision, stressing that the ruling could set a dangerous precedent for the PV industry.
Wind, solar to be cheapest power source in G20 by 2030, Greenpeace study finds
In around half of the G20 countries, renewables have been equal or cheaper in price to electricity generated from coal and nuclear power plants since 2015, and are set to outcompete all other energy sources in the world’s 20 major economies by 2030, finds a new study commissioned by Greenpeace Germany.
EBRD launches loan scheme for rooftop solar in Romania
The European Bank for Reconstruction and Development (EBRD) has launched a new framework aiming to help Romanian households to invest in energy efficiency, renewable energy and water-saving solutions. Solar PV is also part of the framework, which is the first serious effort to support the development of rooftop PV in the country.
European PV manufacturing must be preserved, say more than 50 organizations
Joint letter from 50 solar PV organizations in Europe sent to policymakers of all EU member states to serve as reminder of the importance of PV manufacturing in the continent.
G20 nations dragging their heels on low-carbon transition, reports find
Study from Climate Transparency shows that while green finance among G20 nations has been stepped up, legacy commitments to fossil fuels mean countries will miss “well below 2 degree” warming limit set at Paris Agreement. Fossil fuel spending still four times higher than renewable spending, Oil Change International report also finds.
UK: ministers admit country ‘has work to do’ to meet 2020 goal of 15% renewable energy
Figures released by U.K. government ahead of the G20 Summit show U.K. was at 8.9% renewable energy penetration at the end of 2016. EU target for 2020 is 15%, and Conservative ministers admit there is still work to do.
California’s C&I solar sector thrown into chaos with TOU changes
California regulators are proposing to move C&I customers onto pending time-of-use rates starting on August 1 – despite a lack of clarity as to the details of those rates.
