COP21

Under two initiatives aiming to work in tandem, an international coalition of billionaires, including Microsoft’s Bill Gates, Alibaba’s Jack Ma, and African Rainbow Minerals’ Patrice Motsepe have pledged to channel their cash into clean energy alongside 20 governments, which have said they’ll double investment in clean energy innovation. Solar, energy storage, and efficiency will be key focus areas.

Solar alliance first of many anticipated agreements and pledges over the coming two weeks in Paris, which could prove crucial in determining how the globe tackles climate change in the few years.

Contrasting fortunes for the German and U.K. solar PV markets in 2016 will suppress the European solar landscape as policy changes take effect.

World Bank will push for investment from development organizations, private partners and governments, while footing $5.7 billion itself to help stem the causes of climate change in Africa.

Funds issued as part of the Department of Energy’s Advanced Research Projects Agency-Energy to be issued ahead of the UN Climate Change talks in Paris as part of wider investment in low carbon economy.

Report by KPMG India finds that the levelized cost of solar power in India will be around 10% cheaper than coal by 2020, with PV penetration rates set to reach around 5.7%.

The Prime Minister reiterated his desire to see more than $100bn invested in his Global Solar Alliance during the G20 meeting held in Turkey over the weekend.

IEA’s World Energy Outlook 2015 acknowledges the increasing importance of non-hydro renewable energy, but retains unrealistically pessimistic estimates of cost reduction and future market growth.

The International Energy Agency’s World Energy Outlook labels level of pledges made as impressive, but urges governments to do more if world is to avoid a 2c temperature rise by 2100.

The Italian group remains active in South Africa, where it has developed more than 30 renewable energy projects. The company is strengthening ties with the country’s government, which is eager to expand the use of clean energy.