At the end of 2016 the US federal government is set to revert the Investment Tax Credit (ITC) on renewable energy from 30% back to the pre-2006 level of 10%, and similar policies are in motion in many other countries around the world. Simultaneously, and without signs of change, estimates suggest that US provided $37.5bn in fossil fuel subsidies in 2014, including $21bn in production and exploration subsidies. Creating a situation in which taxpayers are supporting polluting energy in favour of clean energy. [Read more →]
December 21, 2015 Comments Off on Changing energy pathways means changing subsidy flows
The Paris agreement has been widely praised as an historic agreement, as “the world’s greatest diplomatic success”. For the first time, all nations have come together “to curb emissions, strengthen resilience and join in common cause to take common climate action”, said UN Secretary General Ban Ki-moon after the announcement of the agreement.
But one of the key protagonists that should be really praised for is Africa, whose nations showed a clear standing and commitment for the scaling up of renewable energy. Indeed, the African delegation has been the only one setting themselves a mandate to increase RE in the COP21 negotiation text, “acknowledging the need to promote universal access to sustainable energy”. Africa is telling the world that they will lead by example. And there is no better approach than betting on Renewables.
December 17, 2015 Comments Off on Africa will lead by example in the Renewable Energy transformation
The UN Climate Conference in Paris was a test to see whether national politicians could keep up with the change we are seeing in the real world. Looking at the final agreement published today, one must note: No, unfortunately, our national governments have not passed the test. Instead of a climate deal that phases out emissions by 2050 and allows the world to keep global warming below harmful 1.5 degree, we rather see a text that still tries to manage emissions instead of phasing them out. This is well reflected by the fact that parties could only agree upon the goal of “achieving a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases” rather than a pact for decarbonisation. [Read more →]
December 12, 2015 Comments Off on Despite a weak outcome: Paris was first “renewables COP”