Fall in renewable energy investment threatens climate goals. Slowdown in spending on ‘green’ power generation in 2017 expected to continue this year.
FT 17th July 2018 read more »
Investment in renewable power in India topped fossil fuels for the first time in 2017, according to the International Energy Agency (IEA). This is one of the most striking insights contained within the IEA’s annual update of global energy investment, which was published today. It gives an overview of the global, regional and sectoral shifts in financing. For example, it shows that global energy investment fell by 2% in 2017, including a “worrying” decline for renewables. Carbon Brief breaks down some of the key findings for 2017 from this year’s report.
Carbon Brief 17th July 2018 read more »
Companies from across the UK’s green energy sector have today called on the government to better incentivise flexibility services on the power grid if it wants to “have any chance of a renewable future”. In an open letter to Energy and Clean Growth Minister Claire Perry, the group of green energy, battery, and grid flexibility providers outline what they describe as a ‘flexibility first’ approach to grid management in order to aid decarbonisation of power, heat and transport. As more intermittent renewables, energy storage and electric vehicles come online in the UK, services and technologies which can improve the grid’s ability to respond to peaks and troughs in power demand are seen as an increasingly important part of the energy transition.
Business Green 17th July 2018 read more »