Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Environment & Energy
Related: About this forumWhich Country Saw a 20,000% Increase in Clean Energy Investing?
Which Country Saw a 20,000% Increase in Clean Energy Investing?
No, its not China.
KATHERINE TWEED: APRIL 18, 2013
...In the Pew Charitable Trusts fourth annual report, Whos Winning the Clean Energy Race? 2012 Edition, Pew and Bloomberg New Energy Finance found that while investment dropped from 2011 to 2012 in G20 countries, it was up by more than 50 percent in non-G20 countries.
And then theres South Africa. Its easy to see big gains when youre starting from nearly zero, and thats exactly whats going on in the country. Clean energy investment was up 20,000 percent to about $5.5 billion for 2012 in South Africa, with $4.3 billion for solar and most of the rest going to wind energy.
South Africas clean energy program relies largely on reverse auctions that challenge the market to bid in the lowest possible price for projects, said Ethan Zindler, head of policy analysis at Bloomberg New Energy Finance. The country is aiming to have 3.7 gigawatts of renewables by the end of 2016. South Africas investment catapulted it into the top ten from nearly last place.
The top dog, however, was clearly China.
In 2012, China took the lead with...
No, its not China.
KATHERINE TWEED: APRIL 18, 2013
...In the Pew Charitable Trusts fourth annual report, Whos Winning the Clean Energy Race? 2012 Edition, Pew and Bloomberg New Energy Finance found that while investment dropped from 2011 to 2012 in G20 countries, it was up by more than 50 percent in non-G20 countries.
And then theres South Africa. Its easy to see big gains when youre starting from nearly zero, and thats exactly whats going on in the country. Clean energy investment was up 20,000 percent to about $5.5 billion for 2012 in South Africa, with $4.3 billion for solar and most of the rest going to wind energy.
South Africas clean energy program relies largely on reverse auctions that challenge the market to bid in the lowest possible price for projects, said Ethan Zindler, head of policy analysis at Bloomberg New Energy Finance. The country is aiming to have 3.7 gigawatts of renewables by the end of 2016. South Africas investment catapulted it into the top ten from nearly last place.
The top dog, however, was clearly China.
In 2012, China took the lead with...
More at:
http://www.greentechmedia.com/articles/read/which-country-saw-20000-increase-in-clean-energy-investment?utm_source=Daily&utm_medium=Headline&utm_campaign=GTMDaily
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
1 replies, 1147 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (7)
ReplyReply to this post
1 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
Which Country Saw a 20,000% Increase in Clean Energy Investing? (Original Post)
kristopher
Apr 2013
OP
kristopher
(29,798 posts)1. Investment in renewables expected to triple
Renewables Investment Seen Tripling Amid Supply Glut
By Louise Downing and Alex Morales, Bloomberg
April 22, 2013
LONDON -- The plunge in the cost of wind and solar power that bankrupted more than two dozen manufacturers is forecast to spur a tripling of investment in renewables by 2030 and to reduce the grip fossil fuels have on world energy supply.
Annual spending on clean-energy projects that dont add to greenhouse-gas pollution may rise to $630 billion at the end of the next decade from $190 billion last year, Bloomberg New Energy Finance said in a report today. Thats 37 percent more than estimated in November 2011 and means renewables would account for half of all generation capacity by 2030.
The findings contrast with production gluts that made most solar and wind manufacturers unprofitable last year, tipping a unit of Suntech Power Holdings Co. (STP) into bankruptcy and Vestas Wind Systems A/S (VWS) into record losses. While suppliers are suffering, lower equipment prices are making more projects profitable to develop and advancing the day when renewables can rival coal and oil on cost.
The apocalyptic views about what it will cost to shift the world to renewable energy simply arent true, Michael Liebreich, chief executive officer of New Energy Finance, said in an interview. Three years ago, we thought wind and solar would be cheap as chips, and theyve even gone below that....
More at: http://www.renewableenergyworld.com/rea/news/article/2013/04/renewables-investment-seen-tripling-amid-supply-glut?cmpid=SolarNL-Tuesday-April23-2013
By Louise Downing and Alex Morales, Bloomberg
April 22, 2013
LONDON -- The plunge in the cost of wind and solar power that bankrupted more than two dozen manufacturers is forecast to spur a tripling of investment in renewables by 2030 and to reduce the grip fossil fuels have on world energy supply.
Annual spending on clean-energy projects that dont add to greenhouse-gas pollution may rise to $630 billion at the end of the next decade from $190 billion last year, Bloomberg New Energy Finance said in a report today. Thats 37 percent more than estimated in November 2011 and means renewables would account for half of all generation capacity by 2030.
The findings contrast with production gluts that made most solar and wind manufacturers unprofitable last year, tipping a unit of Suntech Power Holdings Co. (STP) into bankruptcy and Vestas Wind Systems A/S (VWS) into record losses. While suppliers are suffering, lower equipment prices are making more projects profitable to develop and advancing the day when renewables can rival coal and oil on cost.
The apocalyptic views about what it will cost to shift the world to renewable energy simply arent true, Michael Liebreich, chief executive officer of New Energy Finance, said in an interview. Three years ago, we thought wind and solar would be cheap as chips, and theyve even gone below that....
More at: http://www.renewableenergyworld.com/rea/news/article/2013/04/renewables-investment-seen-tripling-amid-supply-glut?cmpid=SolarNL-Tuesday-April23-2013