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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

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Wind project financing was up 16% from 1H 2021, at $84 billion. China posted remarkable investment growth in both wind and solar project finance, according to the report. It also invested $58 billion in new wind projects, up 107% year-on-year. —Chelsea Jean-Michel, offshore wind analyst at BNEF.

Financing 243
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Berkeley study finds renewable portfolio standards insufficient to meet 2030 GHG emission targets; new policy required

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The least expensive way for the Western US to reduce greenhouse gas emissions enough to help prevent the worst consequences of global warming is to replace coal with renewable and other sources of energy that may include nuclear power, according to a new study by University of California, Berkeley, researchers. —Daniel Kammen.

Renewable 231
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UK moves ahead on lower-carbon power to end coal use by 2025

Green Car Reports

The United Kingdom is increasing its use of low-carbon energy sources as it moves to phase out coal-fired power plants altogether by 2025.

Coal 101
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IEA: time to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future

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Hydrogen can help to tackle various critical energy challenges, including helping to store the variable output from renewables like solar PV and wind to better match demand. A wide variety of fuels are able to produce hydrogen, including renewables, nuclear, natural gas, coal and oil. million by 2030.

Cleaning 255
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IEA finds CO2 emissions flat for third straight year even as global economy grew in 2016

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This was the result of growing renewable power generation, switches from coal to natural gas, improvements in energy efficiency, as well as structural changes in the global economy. The biggest drop came from the United States, where carbon dioxide emissions fell 3%, or 160 million tonnes, while the economy grew by 1.6%.

Economy 199
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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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2010 and 2015 LCOE ranges for solar and wind technologies. The cost of producing electricity from renewable sources such as wind and solar has been falling for several years. Bottom: LCOE ranges for solar PV and wind technologies at three discount rates. Source: IEA/NEA. Click to enlarge. Source: IEA/NEA. Click to enlarge.

Cost Of 150
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Tesla Megapack batteries are powering Britain’s largest energy storage project

Teslarati

The construction of the United Kingdom’s largest energy storage project has begun, and it is expected to be a true difference-maker when the supply of renewables like solar or wind is low. Located in southeast England, the facility would provide 99 MW of power that will be stored in Tesla Megapack batteries.