May 17, 2020

Investing in Renewable Energy Market in the Americas-Beyond Obama

investing-renewable-energy-market-americas-beyond-obama
Admin
2 min
Investing in Renewable Energy in the Americas-Beyond Obama
Following President Obamas announcement of the 2012 U.S. energy budget, investors speculate as to what the market may look like in the coming fiscal yea...
Following President Obama’s announcement of the 2012 U.S. energy budget, investors speculate as to what the market may look like in the coming fiscal year. In fact, throughout the Americas, several countries are taking bold stances toward renewable energy investment, attracting foreign money in the exciting young market.

The United States has been very vocal about its commitment to a renewable energy future. The Obama administration has already declared a 2012 budget of $8 billion for renewable energy research and development, specifically in solar, wind and battery technologies. The administration has created a target of 1 million electric vehicles on the road by 2015, and wants 80 percent of the country’s electricity to be derived from clean energy sources by 2035. Various tax incentives are already in place for investment in renewable energy in the U.S., and more incentives are likely on the horizon.

The U.S. isn’t the only American country drawing big investment in renewables. Canada has maintained its position amongst the top 10 countries in the world for investor attractiveness in renewable energy. Various grants and tax incentives have been made available to investors, particularly in the biofuel and energy retrofitting arenas.

In South America, Brazil remains as one of the top 20 countries in the world for renewable energy investment. Approximately 85 percent of Brazil’s energy comes from renewable resources, particularly solar and hydroelectric power, and the country is rapidly attracting new investment. Chile too has one of the most appealing environments for renewable energy investors, offering open access to its energy sector and transmission lines. Certain non-conventional renewable energy projects are exempt from transmission charges. Grants and carbon credits are available, and the Chilean government even enacted a law in 2008 requiring electrical companies to incorporate a percentage renewable energy into their electricity sales.

As you can see, the Americas are poised for some heavy investment in renewables in coming years, and as a potential investor, it is absolutely necessary to have all the facts in regard to trends, figures, and the current economic environment—not to mention knowing which countries are attracting what kinds of renewable projects. To have these questions answered and more, check out “The Sustainable Technology Investment Market Update-The Americas.”

http://www.research-store.com/energydigital/Product/sustainable_technology_investment_market_update_the_americas?productid=EN00002-009  

 

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Apr 21, 2021

UK Government pledges to cut carbon emissions by 78% by 2035

emissions
Netzero
UK
3 min
UK Government to enshrine new emission targets in law by the end of June as Prime Minister Boris Johnson targets new technologies and green innovation
The UK government has agreed to stick to Climate Change Committee recommendations and cut carbon emissions by 78% by 2035 compared to 1990 levels, it announced today.
 
The sixth Carbon Budget limits the volume of greenhouse gases emitted over a 5-year period from 2033 to 2037, taking the UK more than three-quarters of the way to reaching net zero by 2050.
 
The budget will ensure Britain remains on track to end its contribution to climate change while remaining consistent with the Paris Agreement temperature goal to limit global warming to well below 2°C and pursue efforts towards 1.5°C.
 
For the first time, the budget will incorporate the UK’s share of international aviation and shipping emissions – an important part of the government’s decarbonisation efforts that will allow for these emissions to be accounted for consistently.
 
This comes ahead of Prime Minister Boris Johnson addressing the opening session of the US Leaders’ Summit on Climate, hosted by President Biden on Earth Day (April 22). The Prime Minister will urge countries to raise ambition on tackling climate change and join the UK in setting stretching targets for reducing emissions by 2030 to align with net zero.
 
The government is already working towards its commitment to reduce emissions in 2030 by at least 68% compared to 1990 levels through the UK’s latest Nationally Determined Contribution - the highest reduction target made by a major economy to date. Today’s world-leading announcement builds on this goal to achieve a 78% reduction by 2035.
 
The new target will become enshrined in law by the end of June, with legislation setting out the UK government’s commitments laid in Parliament tomorrow.
 
Prime Minister Boris Johnson said the UK will be home to "pioneering businesses, new technologies and green innovation as we make progress to net zero emissions".
 
Through its presidency of the crucial UN climate summit, COP26, which will take place in Glasgow later this year, the UK is urging countries and companies around the world to join the UK in delivering net zero globally by the middle of the century and set ambitious targets for cutting emissions by 2030.
 
The government has already laid the groundwork to end the UK’s contribution to climate change by 2050, starting with ambitious strategies that support polluting industries to decarbonise while growing the economy and creating new, long-term green jobs.
 
This includes the publication of the Industrial Decarbonisation Strategy, an ambitious blueprint for the world’s first low carbon industrial sector, slashing emissions by two-thirds in just 15 years, as well as over £1 billion government funding to cut emissions from industry, schools and hospitals.
 
Further, the UK is the first G7 country to agree a landmark North Sea Transition Deal to support the oil and gas industry’s transition to clean, green energy while supporting 40,000 jobs.
 
Through the deal, the sector has committed to cut emissions by 50% by 2030, while the government, sector and trade unions will work together over the next decade and beyond to deliver the skills, innovation and new infrastructure required to decarbonise North Sea production.

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