Apple today announced a new $300m clean energy investment fund to help boost the use of renewables across its Chinese supply chain, initially targeting the development of more than 1GW of clean energy capacity. The “first of its kind” China Clean Energy Fund is aimed at connecting Apple suppliers with renewable energy sources in support of the tech giant’s “commitment to address climate change and increase the use of renewable energy within its supply chain”.
Business Green 13th July 2018 read more »
Growing environmental concerns and depleting fossil fuel reserves have led many countries to accelerate their shift to renewable energy over the past decade. While coal still continues to be a major source of electric generation, solar, wind and other renewable energy sources have emerged as major alternatives to produce power in recent years. Technological advancements have helped many countries to see a multifold increase in their renewable energy generation. Introduction of wind turbines for low wind conditions and high efficiency solar panels have contributed to initiation of renewable energy projects in challenging climatic conditions. Overall, the world’s renewable energy capacity increased from 1,057.9GW in 2008 to 2,179GW in 2017, according to a report released by the International Renewable Energy Agency (IRENA). Here is the list of countries leading the way in renewable energy shift: China, US, Germany, India, Japan, Brazil, UK, Italy.
Compelo 13th July 2018 read more »