ONE of the biggest barriers to clean energy’s advance has been finding funding to bolster its growth. But as financing has become cheaper and easier, global investment in clean energy has risen significantly, from $60.2 billion in 2004 to $310 billion in 2014 – a whopping 415% jump.
THIS year, if all goes to plan, Bertrand Piccard and Andre Borschberg will be the first pilots to circumnavigate the world in a solar-powered plane. Solar Impulse 2 will be the only aeroplane of perpetual endurance, able to fly day and night without a drop of fuel, thanks to its thin-film solar cells, clean energy motors and super-efficient batteries.
AT LEAST one of the major oil companies, perhaps Total or Statoil, will turn its back on fossil fuels within the next three years, following in the footsteps of European utility E.ON, a former industry advisor predicts.
INTERNATIONAL oil companies claim gas and renewables are ideal bedfellows, while many environmentalists believe the rise of gas, particularly shale gas, will delay the world’s shift away from fossil fuels.
AUSTRALIA is one of the world’s top 20 polluting nations, emitting more carbon per person than any other developed nation. And without a comprehensive emissions mitigation plan, Australia’s emissions are projected to increase by 24% between 2000 and 2020 to 686 million tonnes of carbon dioxide (CO2) equivalent.
The latest report from the International energy Agency considers the costs of remaining reliant on fossil fuels in the face of accelerated global warming. According to the study, it would cost the world $44 trillion to wean itself off fossil fuels by 2050 and switch to cleaner energy sources.
The energy sector must take a leading role in tackling carbon emissions – and it needs to act now.In its latest report Mitigation of Climate Change, the Intergovernmental Panel on Climate Change (IPCC), has found that decades of foot-dragging by political leaders has propelled humanity into a critical situation, as global greenhouse-gas emissions rise faster than ever.