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OECD

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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Trade shows postponed over coronavirus fears

As the contagion continues to spread, its impact is beginning to be felt on the solar industry outside China with the cancellation or postponement of major trade shows and conferences that were set to take place over the next few weeks.

Clean energy must be rolled out six times faster

To have any hope of restricting global heating to a maximum of 1.5 degrees Celsius, the renewables success story which saw 108 GW of solar deployed last year needs to be cranked up to the next level – and fast.

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Volvo to join blockchain-powered ethical auditing of cobalt supply chain

Corporations in the auto industry, battery manufacturing and mining have joined forces to establish reliable due diligence reporting on raw minerals. Volvo will be among the first to move on the issue by putting its cobalt supply chain under scrutiny early next year.

Greece and Hungary pledge to phase out coal

Athens-based policy group The Green Tank labelled Greece’s decision “historic” while Europe Beyond Coal, an alliance of civil society groups working to make Europe coal free by 2030 said Hungary should target a more ambitious 2025 phase-out.

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Scatec wants to double size of project pipeline

Chief executive of Norwegian developer tells markets his company will deliver on 1.5 GW promise by the end of the year – by including any projects it has broken ground on.

Macron climate summit draws big announcements, but they still fall short

A number of parties used the One Planet Summit in France yesterday to either reaffirm clean financing commitments, or unveil new ones. However, the figures still fall short of the US$6.3 trillion the OECD has calculated is needed annually.

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Clean energy investment by non-OECD countries fell $40bn in 2016, but developed nations also slacking, finds BNEF

While China accounted for three-quarters of the investment reduction in clean energy in 2016, other non-OECD countries spent 25% less on renewables last year compared to 2015, according to BNEF and Climatescope data. 2009’s Copenhagen pledge by richer countries to support developing world also falling short.

Emerging markets deployed more GW of renewables than developed nations in 2015, finds BNEF

Latest Climatescope report by Bloomberg New Energy Finance finds that the 58 emerging market economies built 70 GW of clean power in 2015, compared to 59 GW among the 35 wealthiest OECD nations.

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