Analysis: Labour Leadership Candidates’ Record on Climate Change.
DeSmog 16th Jan 2020 read more »
Energy in 2020
Below are a set of predictions from BloombergNEF for what the year 2020 will bring for the low-carbon transition in energy, transport, commodities and sustainability. One connecting thread is that companies and investors are more committed to a cleaner future than ever before, but governments still have the capacity to accelerate – or impede – that process. This year, the U.S. presidential election in November will have major implications for the speed of decarbonization globally. COP26, to be held in Glasgow at the end of this year, will too, if it succeeds in prompting countries to focus on how they will get to ‘net zero’ emissions by 2050. Please take the following predictions for 2020 with what they deserve – a large pinch of salt: 1. Investment in renewables – I expect world renewables capacity investment to edge a little higher once again. 2. We expect a record year of wind installations in 2020, driven by a towering 69GW of new onshore capacity – up from 55.3GW in 2019. 3. We expect the global solar market to grow about 14% in 2020 in new installed capacity terms, to somewhere in the middle of the 121-154GW range (from about 121GW in 2019), with many projects now being built without direct subsidy. 4. Over $5 billion of deals will be announced in 2020 for renewables-plus-storage projects globally. Falling energy storage costs, coupled with the ongoing adoption of renewable energy in key markets, will encourage co-location at an unprecedented rate. 5. By the end of 2020, there should be 10 million EVs on the road, up from just 1 million in 2015.
BNEF 16th Jan 2020 read more »