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Sustainability

Pension funds and corporates could save the world

The second edition of the clean energy investment report produced by IRENA says the industry needs to unlock the $87 trillion being sat on by the world’s biggest investment houses – ‘greening’ the $100 trillion global bond market would help too.

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European Council reaches €1.82tn budget agreement with parliament

The parliament and EU member states will now mull the proposed budget for 2021-27 which includes a €750 billion Covid recovery package and a Strategic Investment Facility it is hoped will unlock €150 billion for renewables and energy storage to 2027.

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World could add more than 900 GW of solar by 2025 if politicians grasp the nettle – IEA

With the International Energy Agency publishing its latest five-year clean energy forecast today, pv magazine takes a look at the solar content of the 162-page document.

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The weekend read: Recycling needs material quotas

The EU Directive on Waste Electrical and Electronic Equipment remains the primary legislation setting the requirements for the recycling of photovoltaic panels in Europe. pv magazine examines whether the policy is in need of a drastic update, and what it can be done to improve the sustainability of the PV sector through recycling.

Toshiba and Next Kraftwerke prepare for Japan’s energy transition

The electronics brand has announced plans for a virtual power plant aggregator JV with German specialist Next Kraftwerke ahead of the opening up of the control reserve market in Japan in April – and the planned switch from clean energy FITs to feed-in premium, top-up payments a year later.

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World Bank allocates $50m credit for commercial solar panels in Brazil

The finance is being made available through Santander Brasil as part of an $8 billion global response to Covid-19.

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EBRD backs green bond issued by Polish utility

The London-based lender has committed more than €50 million to the €218 million exercise which will cost issuer Tauron more to finance if the utility falls short of its 2030 decarbonization targets.

IRENA: Urban renewables infrastructure needs to be concentrated in fastest-growing cities

Only 1% of Africa’s utility scale solar projects are within 20km of city limits, according to a new report, despite the fact the continent is expected to have around a billion more city dwellers by mid century.

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Telecoms business secures 100 GWh of clean power with new procurement platform

Unnamed business was the launch customer for DNV GL’s Instatrust online PPA-matching platform. The corporate client’s request prompted offers of more than 800 GWh of renewable energy.

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European islands make decarbonization pledges

Often dependent on fuel imports from the mainland and frequently powered by fossil fuels, islands have taken center stage at an online forum which builds on a political process kicked-off by Croatia’s presidency of the European Council.

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