How the transition of the global energy sectors challenges the world as we know it. And why this is good news!
Delegates from more than 130 countries and world`s leading renewable energy experts meet for the next three days to discuss the global energy transition. The annual Assembly of the International Renewable Energy Agency (IRENA) has become one of the most important gathering. In fact, the way energy is produced, distributed and consumed in our societies is undergoing fundamental changes. With the majority of energy investments already going into renewable energy, we are doing more than substituting oil, gas, coal and nuclear with free energy from the wind and the sun. We are in fact building an entirely new global energy sector with a completely different DNA. [Read more →]
January 16, 2016 Comments Off on The new DNA of future energy markets
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