More than 80% of energy companies are investing in hydrogen or considering entering the market

HydrogenPoll of energy industry ‘decision-makers’ — from oil & gas, power and renewables and investment firms — also questioned respondents on their concerns about the H2 sector. A survey of 170 energy industry “decision-makers” — including those in oil & gas, power and renewables, and investment firms — has found that 81% are investing in hydrogen, planning to enter the market, or considering doing so.

According to US/UK law firm Womble Bond Dickinson’s 2022 Energy Transition Outlook Survey Report, 31% of respondents said they were already actively operating, investing in or researching blue or green H2, 29% were considering entering the market in the next one to five years, with 21% planning to move into the sector in the coming year. Only 19% said they were neither active nor currently considering hydrogen investments. Continue reading “More than 80% of energy companies are investing in hydrogen or considering entering the market”

How to tackle COVID-19 jobs crisis and climate change? Invest in clean energy

‘As the world grapples with rising heat and more extreme weather, as well as an employment squeeze, going green offers the chance to tackle both problems at once.’

  • A report from the WRI has shown that renewables create more jobs than fossil fuels.
  • These jobs must be accompanied by fair wages and work though warns the WRI.
  • But recovery and stimulus packages continue to support fossil fuels.

Investing in clean energy can help economies recover from the slowdown caused by the COVID-19 pandemic as it will add more jobs than backing fossil fuels, researchers said. Continue reading “How to tackle COVID-19 jobs crisis and climate change? Invest in clean energy”

Philippines’ Clean Energy Ecosystem

Philippines’ Clean Energy EcosystemThe Philippines is one of the most vulnerable countries in the world to climate change. Sea level rise is three to four times faster in this island nation than the global average, and it gets hit with an average of 20 typhoons a year. Energy equity is also a major concern as 10 percent of the Philippine population still lives in rural areas without access to electricity, and those that have electricity deal with frequent outages.

Fortunately, a small but mighty group of startups is helping the Philippines forge a clean energy future. According to research by New Energy Nexus (NEN), a founding partner of Third Derivative, and RMI, 15 young companies are helping transform the climate crisis—and close the region’s energy access gap—with renewable energy and clean-tech solutions. Continue reading “Philippines’ Clean Energy Ecosystem”

Renewable energy investment in India beats Covid-19 lull

India will need a further $500 billion in investment in wind and solar infrastructure, energy storage and grid expansion to reach 450GW capacity target by 2030.

Investments in the renewable energy sector in India are seeing growth again following the slowdown in the previous financial year due to the onset of the coronavirus disease (Covid-19) pandemic, a recent study by the Institute for Energy Economics and Financial Analysis (IEEFA) found.

Between April and July this year, investment in the Indian renewable energy sector reached US$6.6 billion, surpassing the US$6.4 billion level record in the 2020-21 fiscal year. The findings in the study projected that and the investments have the potential to breach the US$8.4 billion milestones achieved in the 2019-20 financial year before the pandemic struck.

“Rebounding energy demand and a surge of commitments from banks and financial institutions to phase out fossil fuel financing are helping drive investment into Indian renewable energy infrastructure,” Vibhuti Garg, an energy economist at IEEFA, who co-authored the report, said.

Continue reading “Renewable energy investment in India beats Covid-19 lull”

Renewable energy investment hit record highs in first half of 2021

Investment into clean energy projects and companies swelled to $174bn in the first half of 2021, with record levels of public market financing offsetting a decline in renewable project investments.

That is the headline figure of new research from BloombergNEF, which found that the $174bn is the highest total ever recorded for the first half of a year. The financing levels are a 1.8% increase on the same time last year, although the second half of 2020 does dwarf this figure by 7% as nations ramped up clean energy investments as lockdowns began to ease temporarily.

The first half of the year did see a decline in investment into new renewables projects, however. Investment into wind projects totalled $58bn, matching levels recorded in 2018 and 2019, but well below the $85bn invested in the first half of 2020 ahead of subsidies closing or lapsing in nations such as China and the US. Continue reading “Renewable energy investment hit record highs in first half of 2021”

The top five countries for renewable energy investment

A number of the largest economies are now looking towards clean energy sources to help reduce their reliance on high-polluting fossil fuels amid the energy transition

Top countries renewable energy investment
IHS Markit has tracked the attractiveness for investment for non-hydro renewables – offshore wind, onshore wind and solar. Clean energy technologies have grown at a rapid pace in recent years – but which countries top the charts for renewable energy investment?

A number of the largest economies are now looking towards cleaner sources to help reduce their reliance on high-polluting fossil fuels amid the energy transition, making them more attractive landing spots for renewables investment. Continue reading “The top five countries for renewable energy investment”

How Renewable Energy Can Save Us from Climate Change

Renewable energy is power generated from sources that are adequately replenished. It includes solar energy, wind energy, hydroelectric, tides, biomass, and geothermal heat. Some sources also consider hydrogen and fuel cells as a form of renewable energy.

Renewable energy should not be confused with alternative energy. The difference is that alternative energy specifically avoids fossil fuels such as oil, natural gas, and coal. It doesn’t harm the environment or add greenhouse gases that add to global warming. For example, wood burning is not alternative energy because it leads to deforestation and adds greenhouse gases. But it is a source of biomass renewable energy in that new trees can be grown.

Hydroelectric power is both renewable and alternative. But many in the environment movement frown on reliance on this source. It can disturb salmon runs, endangering not only the salmon but also the orcas and bears that feed on them. It also uses massive quantities of cement which emits greenhouse gases in its production. Continue reading “How Renewable Energy Can Save Us from Climate Change”

Clean energy investment & economic development go hand-in-hand

For years, there has been a running narrative that conservatives are not committed to addressing our real and pressing climate challenges.

That is, in part, because the conversation has been dominated by those on the far left who advocate for extreme environmental policies that fail to account for the harsh economic consequences that would inevitably result.

What we have heard less frequently are the conversations about environmental solutions that both drive clean energy innovation and support economic development.

But those conversations are happening every day here in Arizona, and those solutions are supported by a wide swath of Arizona voters, including conservatives.

Citizens for Responsible Energy Solutions, a conservative organization advancing clean energy policies, and The Western Way, a free-market conservation organization, recently released the results of a poll showing that a majority of Republican voters in Arizona believe climate change is a serious problem and strongly favor investment in the renewable energy sector. Continue reading “Clean energy investment & economic development go hand-in-hand”

ESG funds & sustainable investing

Are you interested in investing based on your personal principles? If so, you might want to consider sustainable investing.

In the past, some investors have avoided sustainable investing strategies for fear of sacrificing performance. Yet numerous studies have not concluded that incorporating sustainable investing factors results in a negative impact on performance. Additionally, the growth in sustainable investing vehicles has been substantial, providing investors with an increasing number of opportunities to potentially find investments that align with their goals. The Global Sustainable Investment Alliance estimates there has been a 34% increase over the past 2 years in global sustainable investing assets under management, reaching $30.7 trillion. Growth has been particularly strong in Japan, as well as in the US, where sustainable investing assets have soared 38% since 2016 to nearly $12 trillion (see Sustainable investing growth in the United States). Continue reading “ESG funds & sustainable investing”

Clean energy investment exceeded $300 billion in 2018

clean energy investment totalled $332.1 billion in 2018, the fifth in a row in which investment exceeded the $300 billion mark, according to BloombergNEF (BNEF)

There were sharp contrasts between clean energy sectors in terms of the change in dollar investment last year. Wind investment rose 3% to $128.6 billion, with offshore wind having its second-highest year. Money committed to smart meter rollouts and electric vehicle company financings also increased. Continue reading “Clean energy investment exceeded $300 billion in 2018”