The key role energy storage will play in the electricity grids of the future – and the vital importance of investing in and testing the various emerging battery storage technologies – has been highlighted in a major report published by the Australian Renewable Energy Agency (ARENA). The report predicts a 40-60 per cent price plunge for certain battery technologies by 2020. Sophie Vorrath of Reneweconomy has the story. … [Read more...]
Let’s not forget those fossil fuel subsidies
The IEA’s World Energy Outlook (WEO), published on 12 November, has – not for the first time – put the spotlight on the huge subsidies given worldwide for the use and production of fossil fuels. And these do not include other costs (e.g. the hundreds of billions in US military spending to garrison the Middle East) and externalities caused by our oil, gas and coal use. Sophie Vorrath of RenewEconomy presents the main figures from the WEO. … [Read more...]
HSBC: EU’s new climate policy unambitious, bad news for renewables
Europe’s climate policy proposals reflect the lowest level of ambition required to keep global warming at 2°C, while its goals on renewable energy are “disappointing” and bad news for the industry, according to a new report by banking giant HSBC. The report also sees “increasing downside risks” for offshore wind. Sophie Vorrath of Reneweconomy.com.au has the story. … [Read more...]
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