Renewable Energy

World Bank: Scaling up renewable energy to phase down coal

World Bank: Scaling up renewable energy to phase down coal

Image credit: [davizro]@123RF.com Energy transition in developing countries will require an unprecedented transformation of the power sector infrastructure, with scaling up of energy efficiency and renewable energy as well as phasing down of coal-fired power generation, the World Bank says. A new framework for the energy transition proposed by […] Click here to view original […]

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Renewable energy seen giving SMEs edge post-petrol subsidy

Renewable energy seen giving SMEs edge post-petrol subsidy

With the government’s expected removal of petrol subsidy and the need to drive Nigeria’s net-zero goal, operators have said that small and medium-sized enterprises (SMEs) must consider adopting renewable energy. SMEs account for 96 percent of businesses and 84 percent of employment creation in Nigeria, according to the National […] Click here to view original

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World Bank Puts $1 Trillion Tag on EM Nations’ Green-Energy Goal

World Bank Puts $1 Trillion Tag on EM Nations’ Green-Energy Goal

Low- and middle-income countries excluding China would have to quadruple energy investments to $1 trillion in 2030 if they’re to meet goals of universal access to clean power by then, the World Bank said. The need for financing to adopt more renewables-based electricity and lessen dependence on fossil fuels […] Click here to view original

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Renewable energy key way forward for green transition

Renewable energy key way forward for green transition

Technicians carry out maintenance work on photovoltaic panels at a solar power plant in Yinchuan, Ningxia Hui autonomous region, in March. [Photo/Xinhua] Proportion of country’s clean electricity expected to reach 70 percent of total terminal consumption by 2060 While China has come up with the world’s largest power grid, […] Click here to view original

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The US has seen 5 years’ worth of clean energy investments in just 9 months – here are the highlights

The US has seen 5 years’ worth of clean energy investments in just 9 months – here are the highlights

The US utility-scale clean energy sector has announced more than $150 billion in capital investment since the Inflation Reduction Act was signed into law last August – the American Clean Power Association breaks it down in a new report. US clean energy boom The American Clean Power Association’s new […] Click here to view original

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