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BloombergNEF reports 11% year-on-year rise in renewable energy financing in the first half of 2022, for a total of $226B

Green Car Congress

Wind project financing was up 16% from 1H 2021, at $84 billion. Both sectors have been challenged recently by rising input costs for key materials such as steel and polysilicon, as well as supply chain disruptions and rising financing costs. The 2Q figure, at $3.9 billion raised, is the lowest quarterly total since 2Q 2020.

Financing 243
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UN report finds world needs incremental $1.9 trillion invested in green technologies to avert planetary catastrophe; global per capita cap on primary energy consumption of 70 GJ/yr may be required

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The past decade was the first in two centuries with increasing CO2 emissions intensities, owing to a “coal revival”, in contrast with the rapid conversion to natural gas in the 1990s. Last year’s survey called for a major overhaul of the machinery for international finance, aid and trade. The report comes out yearly.

Global 338
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Joint IEA-NEA report details plunge in costs of renewable electricity; nuclear competitive with other baseload power sources

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The report, Projected Costs of Generating Electricity: 2015 Edition , also shows that new nuclear power plants generate electricity more cheaply than other established “baseload” sources—mainly coal- and gas-fired power plants—over the full lifetime of facilities when financing costs are relatively low.

Cost Of 150
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

Green Car Congress

The United States, one of the largest car markets in the world, is a good example of this phenomenon, partly because public transport infrastructure is limited and most people rely on cars for commuting. The use of coal—which met almost half of the increase in global energy demand over the last decade—rises 65% by 2035.

Oil 247