UK banks have allocated almost £150bn of funding for fossil fuel projects since the start of 2016 and continue to collectively hold 146 investment pots in firms driving significant levels of rainforest deforestation.
Edie 26th Sept 2019 read more »
The UN Climate Action Summit in New York has produced at least some concrete results, with Greece’s prime minister and the Hungarian president announcing their countries will phase out coal-powered electricity by 2028 and 2030, respectively, and will focus instead on renewables and nuclear. “Hungary will increase its solar power capacity ten times by 2030,” said János Áder, the country’s president. “It will stop producing energy from coal while expanding production of nuclear power plants.” The Greek energy ministry said on Tuesday, renewable energy should provide 35% of Greece’s final energy consumption in 2030, up from a 20% target next year. That ambition would require renewables to generate more than 65% of Greece’s electricity in 2030, Mantzaris added.
PV Magazine 26th Sept 2019 read more »