On May 14, 2015, Bank of America (BoA) announced that it has issued a $600 million bond to fund renewable energy and energy efficiency projects. This is the second time that BoA has offered green energy bonds. In 2013, BoA issued $500 million in green bonds after pledging to commit $50 billion over ten years to advance renewable energy and promote energy efficiency projects. The new $600 million bond will advance low-carbon solutions by lending, investing, facilitating capital, and providing advice for clients globally who are advancing the low-carbon economy.
Rural Electrification: GEF Experience in Renewables-based Microgrids
This paper discusses how the existing 1.2 billion poor people worldwide without access to electricity can be environment-friendly electrified with the implementation of the UN Sustainable Development Goal 7 (SDG7) on energy and the 2015 Paris Agreement on climate change. The objective of this paper is to demonstrate the experience of the Global Environment Facility (GEF) in rural electrification with renewable energy-based microgrids or mini-grids, and identify challenges and business opportunities in rural...
RICanada welcomes Quebec Renewable Fuel Volume Requirements
Renewable Industries Canada (RICanada), a principal stakeholder representing Canadian producers of clean-burning renewable fuels, announced that the Quebec Government’s 2017-2020 Action Plan under the 2030 Energy Policy included, for the first time, renewable fuel volume requirements for fuels such as ethanol and biodiesel. The renewable fuel blending requirement was set at 5% for gasoline and 2% diesel and is expected to increase after 2020. RICanada stated that the “announcement on renewable...
As renewable electricity is added to the grid, are power markets misfiring?
When increasing megawatt-hours of variable solar and wind energy began coursing through the grid, the initial concern was an operational one—could grid reliability be maintained. But it turns out those megawatt-hours are creating market challenges, as well. What needs to be done to right the markets? Travis Kavulla, vice chairman of the Montana Public Service Commission, and Albert Cheung, head of analysis at Bloomberg New Energy Finance, have each taken a stab at answering that question in recent essays. I...
Increasing ambition for renewable heating and cooling: Is the current energy modelling enough?
EGEC has released a policy paper assessing the current European Commission’s energy modelling for heating and cooling, used to generate forecasts that serve as basis for policy proposals and policy making. The resulting analysis shows a lack of robustness in the Commission’s forecasts for the heating and cooling sector, which translates in a lack of ambition, in the initial Commission’s proposal, for the future of the renewable heating and cooling (RES-HC) sector. The decarbonisation of the...
Renewable energy from Biogas plant
Earths is sick and needs to be fixed. This simple message is enough for every body alive to be involve in fixing our home. Constatnt pollution of our evironment by fossil fuels ,humaan activities have degraded our ozone, allowing greenhouse gases to deplet the ozona and occupy our atmosphere.The damages caused by fossil fuel can not be overemphasized,as more and more problems and global warming is emerging on daily basis . Osmartex & Co Nig Ltd is investing in biogas plant construction that would provide up...