In his address at the Carbon Chamber Conference of the Abuja Chamber of Commerce and Industry, the Head of Climate Change and Energy West Africa, UK High Commission, Sean Melbourne, said the gradual shift to a low carbon economy would transform many sectors.
The newly established climate investment fund in Norway will benefit Africa. In a nutshell, it’s a financing mechanism with an annual capitalization of 2 billion Norwegian kroner (NOK), or around 195 million euros. The Norwegian Investment Fund for Developing Countries has been entrusted with the facility’s management (NORFUND).
At its core, the climate catastrophe is an energy issue. The primary source of anthropogenic carbon emissions is fossil fuels. The industrial revolution was propelled by coal, oil, and gas. However, clean energy choices such as renewable geothermal energy offer solutions.
Renewable energy now makes up a quarter of India’s total installed power capacity (110 gigawatts as of March 2022) and generates 13% of the country’s electricity.
Energy production and use is the leading cause of climate change. According to the EPA, electricity and heat production along with other energy uses account for 35 percent of global greenhouse gas emissions.
BEIJING, May 18 (Xinhua) — China’s installed capacity of renewable energy registered fast growth in the first four months of the year as the country strived to reach its carbon peaking and carbon neutrality goals.
With Utah Gov. Spencer Cox releasing a new statewide energy plan, officials in St. George say they are looking to lean a lot less on coal for electricity and instead turn to renewable energy and natural gas.
On a mild Sunday afternoon, California set a historic milestone in the quest for clean energy. The sun was shining, the wind was blowing and on May 8th, the state produced enough renewable electricity to meet 103% of consumer demand. That broke a record set a week earlier of 99.9%.
The company would support the country’s transition to green energy by providing solutions for both the public and private sectors, its CEO Stanley Huang said at a press meeting Thursday.
New capacity for generating electricity from renewable sources is set for another record in 2022, as governments around the globe seek security in renewable energy and its climate benefits, the International Energy Agency (IEA) said.