This article originally posted at Green Tech Media. View the original post here. Wind, solar, geothermal and biomass are surpassing hydropower as the dominant forms of renewable electricity. And according to data from the U.S. Energy Information Administration, this new … Continue reading Renewables Rising: Wind, Solar, Geothermal and Biomass Will Top Hydropower in 2014 (US)
This article originally posted at The Conversation. View the original post here.
In a recent article on The Conversation, University of Melbourne Professor Emeritus Frank Larkins wrote that Australia’s targets to increase renewable energy will make electricity more expensive, thanks to problems with consistency and storage.
But Professor Larkins is several years behind developments in renewable energy and its integration into electricity grids. In fact, we already have technically feasible scenarios to run the Australian electricity industry on 100% renewable energy — without significantly affecting supply. Continue reading “Renewable energy is ready to supply all of Australia’s electricity”
Renewable energy is generating a greater share of the world’s electricity than ever before, as costs fall and profitability rises, according to a report released Monday.
“The fact that renewable energy is gaining a bigger share of overall generation globally is encouraging,” said Achim Steiner, the U.N. under-secretary-general and executive director of the United Nations Environment Program (UNEP).
“To support this further, we must re-evaluate investment priorities, shift incentives, build capacity and improve governance structures.”
Green renewable energy sources include wind and solar power, biomass and biofuels, and geothermal and marine resources.
The overall amount of investment in renewables dropped $35.1 billion in 2013 but researchers cautioned that was partly due to falling costs of solar photovoltaic systems. The other main cause was policy uncertainty in many countries, an issue that also depressed investment in fossil fuel generation in 2013.
Countries don’t need to invest as much money in green technology to get returns, according to the report, Global Trends in Renewable Energy Investment 2014, by the Frankfurt School-UNEP Collaborating Center for Climate & Sustainable Energy Finance, UNEP and Bloomberg New Energy Finance.
“While some may point to the fact that overall investment in renewables fell in 2013, the drop masks the many positive signals of a dynamic market that is fast evolving and maturing,” Steiner said.
Last year was the end of a nearly five-year decline in clean energy stocks, according to the report, as investors learned of lower costs and higher profitability in many solar and wind companies.
China led global investment in renewables in 2013, beating Europe for the first time, according to the report. A solar boom in Japan led to an 80 percent increase in renewable energy investment there.
Without clean energy, which accounted for nearly half of new generating systems in 2013, last year’s carbon emissions would have pushed the world 12 percent further away from the 2020 emission reduction targets scientists say are necessary to avert climate disaster.
“A long-term shift in investment over the next few decades towards a cleaner energy portfolio is needed to avoid dangerous climate change, with the energy sector accounting for around two-thirds of total greenhouse gas emissions,” Steiner said.
The results of the report should give governments the confidence to embark on plans to cut emissions by investing in renewables before the 2015 climate change conference in Paris, Steiner said.
The renewable market and cost reductions are out-pacing the impacts from reduced investments and government support, Nathanael Greene, director of the National Resource Defense Council’s renewables program, told Al Jazeera.
Governments should be “doubling down on clean energy not just for its environmental benefits, which are urgently needed, but also for the economic development,” Greene said. “The countries that win the clean energy race will control the future.”
By Ben Adler, published in Grist.Org 20th March 2014.
First, the good news — break out the champagne! The overwhelming majority of new U.S. electrical capacity is coming from wind and solar, according to the Federal Energy Regulatory Commission. FERC just released its monthly analysis for February, and the Sun Day campaign, a research and advocacy organization promoting sustainable energy, summarizes the findings:
The Victorian Labor Party is building a reputation for supporting renewable energy. On several occasions over the last year, shadow energy minister Lily D’Ambrosio has outlined Labor’s stance on renewable energy. At a conference in Melbourne last year, D’Ambrosio critiqued the … Continue reading Pollie Watch: Shadow energy minister challenges Napthine’s renewables record
WORLDWIDE: A new report comparing generation costs for different technologies on a global basis confirms wind’s competitiveness.
In its Renewable Energy Medium-Term Market Report 2013, the International Energy Agency (IEA) compares all electricity-generating technologies and suggests that the minimum global price for onshore wind is about $50/MWh, which can only be bettered by geothermal and hydro in favourable locations, and coal and gas in some locations with cheap access. The IEA suggests the generation cost range for onshore wind is $50-160/MWh, with offshore wind at $150-340/MWh. Coal is placed at $40-90/MWh and gas at $40-130/MWh. This confirms once again that the cheapest wind can now compete with both gas and coal. Continue reading “Wind Economics: Case for wind energy strengthens further”
After appearing in The Geelong Advertiser expressing concern about the Napthine government’s energy policy–which has killed of another renewable energy project in the Geelong/Surf Coast region–Yes 2 Renewables received the following letter from Geelong and Surf Coast locals, Mik Aidt and Anthony Gleeson.
Aidt and Gleeson make a forceful argument about the need for the state government to support renewables and act on climate change:
Why is it decision makers in Australia think it is important to spend millions of dollars on building new and bigger roads, while investing in renewable energy, which can lead to improved health and a safer climate, is not important?
The seriousness of the threat which climate change presents has recently been emphasised by the United Nations’ Intergovernmental Panel on Climate Change. Their Fifth Assessment Report shows there’s is a planetary emergency. Why on earth are the politicians who have been elected to take responsibility for our safety and well-being not thinking that these risks of climate calamity described by science should be dealt with immediately and with full force? Continue reading “Why are renewable energy projects being killed off by the Napthine govt?”
Plans for a 12MW geothermal energy installation to power the industrial city of Geelong and Surf Coast region has been scrapped after the Napthine Government withdrew a $25 million grant for the project.
So, what does the move tell Victorians about the Napthine government’s energy policy?
The Napthine government is starting to look like it’s anti-renewable energy. Its decision to pull funding from a geothermal energy project comes on top of Ted Baillieu’s anti-wind farm laws which have cost the state thousands of jobs and hundreds of millions worth of investment. To date, Premier Napthine has shown no interest in dealing with his predecessors policy failure.
The scrapped funding for a geothermal power station is the second renewable energy project to be killed off in the Geelong region since the Coalition took office. Continue reading “Policy Watch: Coalition govt kill second renewable project in Geelong /Surf Coast region”
Thursday November 3rd 2011 Friends of the Earth geothermal funding a significant step forward for Baillieu government Environmental organisation Friends of the Earth has welcomed the announcement that the state government has granted $5 million towards a geothermal project in the Surf Coast Region. “In recent weeks, the Surf Coast community has been focused on the announcement that Alcoa will get another 50 years to burn highly polluting coal at Anglesea” said Friends of the Earth campaigns co-ordinator Cam Walker. “We have received very strong feedback from residents that they do not want coal mining”. “The Alcoa decision locks us … Continue reading Baillieu government commits $5m towards geothermal project
Geothermal energy potential in much of Australia is uncertain because of the great depths at which most of the hot rocks exist, and the difficulties of fracturing them to be able to inject water to capture their heat. Geothermal resources in Victoria, such as the project near Geelong, are of a more conventional type, but if the potential in South Australia’s deep Hot Dry Rock (HDR) resources can be tapped then it will be a significant source of energy. This article highlights the support for the carbon price package from many sectors of the renewables industry. Friends of the Earth … Continue reading Geothermal industry welcomes support