bioenergy storage News
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Investing in the future: EC calls for additional EUR 50bn in low carbon technologies
European Commission called public authorities, business, and researchers to join efforts in order to develop by 2020 the necessary technologies to address climate change, secure EU energy supply and ensure the competitiveness of our economies. In a proposal on 'Investing in the development of low-carbon energy technologies', the Commission estimates that an additional investment of €50 billion in ...
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REA responds to the Biomass Strategy Call for Evidence
REA responds to the Biomass Strategy Call for Evidence saying the Government must re-assert its commitment to delivering a strong biomass sector, by continuing to build on existing bioenergy heat, transport, and power sectors. The response welcomed Government’s recognition that biomass had a crucial role to play, but policy gaps need to be addressed Significant potential for ...
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Development banks finance record amount in clean energy
Clean energy financing by the world’s development banks increased 19% last year to break through the $100bn-a-year barrier for the first time. The top three banks were Germany’s KfW, China Development Bank and the Brazilian Development Bank (BNDES). In 2012 development banks financed $109bn in renewable energy, energy efficiency, and electrical transmission and distribution, ...
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America’s 10 biggest energy challenges
Nine of the challenges center on the difficulties associated with meeting the “twin goals” of producing sustainable energy in sufficient volumes while at the same time lowering carbon emissions. “Indeed, one of the most pressing decisions facing policymakers is determining which combinations of new technologies offer the best chance of delivering on these goals,” writes ORNL communications ...
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Exploring mitigation strategies for reaching the 2°C target
Research from the EU ADAM (Adaptation and Mitigation Strategies)1, project funded under the Sixth Framework Programme, has explored whether and how we can prevent global temperatures from rising by more than 2°C above pre-industrial levels. It suggests that carbon capture and storage (CCS) and bioenergy are highly important technologies if we are to meet this target. The EU has embraced the 2°C ...
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Could farming become an absorber of carbon?
At present, farming, agriculture and other land practices contribute around 11 gigatons to carbon dioxide emissions every single year, which is roughly one quarter of all greenhouse gas emissions worldwide. However, a recent study from the University of Virginia in the USA has argued that the land could actually be converted into an absorber of carbon, given the right conditions. Among the ...
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EU Invests Over €1 Billion in Innovative Projects to Decarbonize the Economy
The European Union is investing over 1.1 billion into seven large-scale innovative projects under the Innovation Fund. The grants will support projects aiming to bring breakthrough technologies to the market in energy-intensive industries, hydrogen, carbon capture, use and storage, and renewable energy. The projects are located in Belgium, Italy, Finland, France, the Netherlands, Norway, Spain ...
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Drax Cuts Emissions by Over 90% to Become One of Europe`s Lowest Carbon Power Generators
British renewable energy company Drax Group has cut the carbon emissions from its power generation by over 90 per cent in under a decade, becoming one of Europe's lowest carbon intensity power generators and moving it closer to achieving its world-leading ambition to be carbon negative by 2030. Formerly the largest coal power station in Western Europe, Drax has this year ended commercial coal ...
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Lawmakers visit NREL for clean energy solutions
More than half of the states in the U.S. have embraced renewable energy portfolio standards (RPS). Now comes the hard part — complying with those aggressive mandates and building clean energy economies during the deepest national recession in 70 years. Two dozen lawmakers and legislative staffers from Maryland to Washington state visited NREL for three days to learn about clean energy ...
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Renewables Power Britain to New Carbon Emissions Record
On Sunday June 30 carbon emissions from electricity fell to just 97g per kWh, breaking the previous record of 104g per kWh set last summer, and for the first time ever meeting the UK Committee on Climate Change’s 2030 target of 100 g per kWh for a whole day.June 30 was also the first ever day when more than half of Britain’s electricity was powered by renewables – 39% from wind, 9% from solar, 8% ...
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Tax Professionals Unfamiliar With US Clean Energy Incentives, Survey Finds
Tax professionals are generally unfamiliar with the various tax incentives available to private investors in clean energy projects, despite the fact that many have participated in other kinds of "tax equity" transactions, according to a survey conducted by Bloomberg BNA in consultation with Bloomberg New Energy Finance. The online survey of subscribers to Bloomberg BNA's Tax and Accounting ...
By Bloomberg
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World Clean Energy Investment Heads for Second Successive Annual Fall
Global investment in clean energy was $45.9bn in the third quarter of 2013, down 14% on the second quarter of this year and 20% below the number for Q3 2012, according to the latest data on deals and projects compiled by research company Bloomberg New Energy Finance. The latest figure makes it almost certain that investment in renewable energy and energy-smart technologies such as smart grid, ...
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Clean Energy Investments in Latin America Total $9.7 billion in 2012
Total new financial investments in clean energy in non-BrazilLatin America rose 127% in 2012 compared to 2011 figures, reaching $4.6 billion. This growth reverses the first global decline in new clean energy investments last year, as the region became more active in renewable energy. The trend emerges as 200 senior level financiers and developers will meet at the 3rd Annual Renewable Energy ...
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South Korea on course to have the world’s highest carbon prices
In a little over 18 months, South Korea will launch a scheme that will cap around 70% of its greenhouse gas emissions. A White Paper published today by research firm Bloomberg New Energy Finance, in cooperation with Ernst & Young, concludes that the design is the most ambitious yet proposed anywhere, and could result in the Korean carbon price reaching the penalty level of $90/tCO2 – ...
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A global drilling fund could solve geothermal’s catch-22
The mature and zero-carbon technology of geothermal power is being held back by the cost and uncertainty of drilling wells, but new research suggests a possible answer The Catch-22 problem that is holding back world investment in geothermal power could be addressed via the establishment of a “global geothermal exploration drilling fund”, with either private investors and banks or ...
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China’s power sector heads towards a cleaner future
China’s power capacity will more than double by 2030 and renewables including large hydro will account for more than half of new plants, eroding coal’s dominant share and attracting investment of $1.4 trillion. China’s power sector carbon emissions could be in decline by 2027. China’s power sector is expected to go through significant changes through to 2030, according to ...
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Bloomberg New Energy Finance Honors Ten New Energy Pioneers
Bloomberg New Energy Finance, the world's leading provider of news, data and analysis on the clean energy and carbon markets, today announced its selections of 2011 New Energy Pioneers at the Bloomberg New Energy Finance Summit in New York City. In its second year, the Bloomberg New Energy Finance Pioneers program identifies companies from across the world that are ...
By Bloomberg
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Weakest quarter for clean energy investment since 2009
Global investment in clean energy in the first three months of 2013 was lower than in any quarter for the past four years, according to the latest figures from research company Bloomberg New Energy Finance. The first quarter investment figure for renewable energy, energy efficiency, and energy-smart technologies was $40.6bn, down 22% on the equivalent period of 2012 and 38% on the final quarter ...
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NYSE Euronext and Bloomberg New Energy Finance Partner on Launch of Family of Clean Energy Indices
Today, NYSE Euronext in partnership with research company Bloomberg New Energy Finance will launch three regionally-focused clean energy stock indices, enabling the quoted companies most active in the world's historic shift to low-carbon energy to be tracked in unprecedented detail. The indices, covering respectively the Americas, the Europe, Middle East and ...
By Bloomberg
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Seven-Point Plan for Japan’s Energy Strategy Post-Fukushima
The crisis at the Fukushima Daiichi nuclear reactors, and sudden gap in Japan’s power capacity, should prompt the country to adopt a bold, seven-point plan for its future energy mix. Research by Bloomberg New Energy Finance shows that Japan has much better options than simply increasing its reliance on fossil-fuel generation. The Fukushima disaster caused Japan ...
By Bloomberg
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