Existing national commitments imply that today’s emissions will simply plateau, remaining only slightly below 2019 levels by 2030. However, according to the latest UN Environment Programme (UNEP) emissions gap report, the new commitments from China, the EU, Japan, South Korea, the UK, Joe Biden’s US and others are “broadly consistent” with the Paris Agreement’s 1.5C goal for 2050. But commitments aren’t policy, warns UNEP, and only real change … [Read more...]
Analysis shows Wind and Solar costs will continue to fall dramatically throughout the 2020s
Michael Taylor at IRENA has summarised its latest studies that show how the cost of renewables are set to continue declining dramatically through to 2030. We all know how those costs declined in the last ten years. Going forward, the weighted average cost of electricity in the G20 countries from offshore wind could fall by almost 50% by 2030 from 2019 levels, onshore wind by around 45%, utility-scale solar PV by up to 55% and concentrated solar … [Read more...]
$7.87tn: the global green economy, by region, revenue, jobs, productivity
Economic data on the green economy in many countries can be difficult to come by. But it’s vitally important when convincing taxpayers that the investment is creating real turnover and real jobs. So Lucien Georgeson and Mark Maslin at UCL analysed massive databases to estimate global and country-by-country sales revenue and employment figures across 24 economic sub-sectors covering renewable energy, environmental protection, and low carbon goods … [Read more...]
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