Topic: Fossil Fuels

Fossil Fuels Articles

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The Struggle to Expand Clean Energy in 2016

As the solar industry grows and energy efficiency works to do the same, 2016 brought a significant expansion of breaking news for us to cover and curate. The articles below are our top stories showing the many new and surprising developments we saw last year.

OPEC Nation Commits to Renewable Energy, But Investors Are Wary

Angola, one of Africa’s oil-producing OPEC countries, has recently announced an ambitious plan to add 800 MW of renewable energy capacity by 2025. In contrast to its carbon-intensive petroleum exports, the country’s energy mix is fairly clean, with over 70 percent of electricity production coming from hydropower. The government plans to maintain a clean energy mix – 66 percent from hydropower and an additional 8 percent from renewable energy – while doubling access to electricity within the next decade.

Political Capital Needed for Clean Energy Finance to Flourish

Private-sector investment in clean energy continues to grow as costs come down and free-market dynamics begin to replace government subsidies. But this influx of financial capital is still not enough, according to speakers at “Creative Power: New Models for Growing Clean Energy Investment,” a discussion held at Bloomberg L.P. in Manhattan on Sept. 20 as part of New York Climate Week.