The growth of the off-grid solar appliance market hints at untapped opportunities for investors to support energy access goals. According to the Global Off-Grid Lighting Association, in the first half of 2017, over 3.5 million such products were sold globally, yielding nearly $100 million in sales. Over 8 million products were sold in 2016. These figures represent impressive headway toward providing modern energy services to the poorest members of global society.
Enter the search term “100% renewable energy” into Google and you will find fierce debate. Is the possibility of 100-percent-renewable energy a myth? Or is the world already close to achieving this goal? This debate tends to underemphasize energy efficiency. But recent research makes a case that energy efficiency is important in any discussion about 100-percent-renewable energy.
When refugees and migrants escape adverse circumstances in search of better lives, the organizations that assist them tend to not prioritize sustainable energy development as a tactic. But if these relief providers follow the recommendations of two reports published by the EU Energy Initiative Partnership Dialogue Facility and Moving Energy Initiative, they will start doing so.
Combining renewable energy with female empowerment, Empower Generation is an organization introducing solar energy and unique business practices to the Terai region in Nepal. By training women in rural communities to start, manage and expand their own businesses, Empower Generation uses entrepreneurship as a tool for social, economic and technological change.
According to the International Energy Agency, $3.5 trillion USD of clean energy investments is needed each year through 2050 to offset the rise in carbon emissions. At the same time, an underinvestment in global infrastructure has restricted reliable access to key resources such as energy, sanitation and water. A recent study, “The Financial Performance of Real Assets Impact Investments,” conducted by Cambridge Associates and Global Impact Investing Network, shows that investments in real asset impact funds can profitably address both of these issues and help improve the livelihoods of billions of people.
Small Island Developing States (SIDS) are on the front line of climate change, facing the damage of shrinking coastlines and the ravages of tropical storms. However, these 57 island nations around the world can attempt to address this global challenge by relying on their renewable resources including sunshine, wind, hydropower and biomass. The topic was the subject of multiple events in November at COP23 in Bonn, Germany.
Momentum is building in the private sector for climate resilience financing. This necessary acceleration could help to avert the worst consequences of climate change. Financiers and others weighed in about their priorities and goals at COP23 in Germany on Nov. 13 in the Bonn Zone. They shared their thoughts and successes from developing pathways for resilience financing.
In 2017, a number of companies have been working to use blockchain technology to enable alternative markets for energy trading and models for renewable energy financing. The more prominent ones include Suncontract, PowerLedger and Wepower. This may result in increased transparency for energy transactions.
As world leaders met in Bonn, Germany in November for COP23, the challenge of climate finance projects in developing countries took center stage. A second challenge receives less attention: fewer than 10 percent of development finance from international climate funds reaches the local level. This finding is presented in a paper called “Delivering Real Change: Getting International Climate Finance to the Local Level.” It was published by the International Institute for Environment and Development (IIED), a London-based policy-research group.
Behind factory doors, decisions about industrial energy efficiency are rarely visible to the public and the media. But in the United Kingdom, Carbon Trust’s Industrial Energy Efficiency Accelerator is shining a spotlight on innovation by rewarding companies that step forward to rework their manufacturing processes.
The need to mobilize capital for green causes and adaptation initiatives to follow up on the Paris climate conference is raising many questions about the verification and assurance of what qualifies as “green” and how the proceeds of these bonds are allocated.
Greentech Media’s first international Solar Summit, held on Jan. 27-28 in Mexico City, left more questions than answers about the future of solar in Mexico. Speakers said that the solar markets are in flux at all levels of development. The country is far from reaching a steady state. Developers who are willing to take risks could enjoy huge payoffs but must first face significant regulatory uncertainty.
As the biggest public funder of projects related to climate change, the Global Environment Facility (GEF) has played a crucial role in removing market barriers to investment in clean energy worldwide. Policy de-risking, investment aggregation mechanisms, and capacity building for banks and governments are key areas where the GEF has worked to increase the flow of financing.
In regions of the developing world where electrical grids are weak or nonexistent, people often rely on kerosene. In a webinar on Sept. 16, staff from four pay-as-you-go solar companies described how they are building rural sales networks in Africa and India to replace kerosene lighting.
The CEO of green utility Good Energy has called UK government cuts to renewable-energy subsidies "a hatchet job" enacted without appreciation for the positive impact renewables were having on wholesale energy prices...
Eden Full Goh discovered the potential of solar power when she was just 10 years old. She had come across a book in the library that taught her how to build a small solar-powered car. Once she took the book home and built it, she was hooked. She wanted to see what else she could do with this...