BloombergNEF’s New Energy Outlook charts three distinct pathways for the world to reach climate neutrality by mid-century London and New York : Achieving net-zero carbon emissions by 2050 will require as much as $173 trillion in investments in the energy transition, according to BloombergNEF’s (BNEF) New Energy Outlook 2021 (NEO), the latest edition of its […]
Net-Zero Targets to Triple Asia Pacific’s Solar PV Capacity by 2030
Owing to governments and utility efforts to meet carbon-neutral targets, the solar PV capacity market could increase by three-fold in the Asia Pacific between now and 2030, according to a new study. The research by Wood Mackenzie forecasts the market to reach 1,500 GWh by 2030. Distributed solar PV projects are expected to account for […]
Net Zero Is Hard Work, So Companies Are Going ‘Carbon Neutral’
Companies are buying carbon offsets like never before. They’re also facing unprecedented scrutiny over whether helping to fund green projects elsewhere really makes up for their heat-trapping emissions. The most common offsets are based on avoiding the release of additional carbon dioxide into the atmosphere, for example by preventing deforestation or supporting renewable energy projects. […]
National Grid Says UK Could Need 13 GW of Energy Storage By 2030 to Enable Net Zero Future
Energy storage will be a significant enabler of the renewable energy adoption required for the UK to meet net zero by 2050, National Grid ESO said. The electricity system operator (ESO) arm of National Grid in the UK has outlined four different pathways for the future of energy in the country in its Future Energy […]
How E-Mobility Can Power Thailand to Net Zero
Thailand’s rich natural resources have been helping driving the country’s economic growth for decades. Minerals — from tin, gypsum, natural gas and coal, not to mention teeming forests — have been exploited and minted many businessmen in the kingdom. Yet, there is something rarely tapped into, despite being relatively cheap and abundant, and that is […]
Net zero goals need revival of ‘forgotten giant’ hydropower, IEA says
Around half of hydropower’s economically viable potential worldwide remains untapped, especially in emerging and developing economies, the IEA said. Low-carbon hydropower capacity is vital for a faster integration of wind and solar power, but its growth is set to slow by 23% this decade without a sweeping policy and investment push, the International Energy Agency […]
Electric Vehicle Sales Set to Rise Faster Than Ever, But More Policy Action Needed to Get on Track for Net Zero
BloombergNEF’s latest projection shows electric vehicles as $46 trillion market opportunity between now and 2050 London and New York, June 9, 2021 – The outlook for electric vehicles is brighter than ever, but governments aiming for net-zero carbon emissions by 2050 must do more to spur their adoption. Achieving that goal will require decisive further […]
Japanese Govt Eyes Energy-Saving Public School Buildings
The government is considering a scheme to decarbonize public elementary and junior high school buildings through improvements in heat insulation and generating solar power as part of efforts to achieve its goal of reducing greenhouse gas emissions to net zero by 2050, The Yomiuri Shimbun has learned. The government also intends to strengthen the functions […]
How Solar Energy Can Help SMEs to Become Net-Zero
While many large corporations are adapting their business models to assist the move towards a net-zero future, it’s harder for SMEs to go green. Dynamic Business sits down with the Co-founder of Smart Energy, Jasper Boyschau, to discuss how SMEs can reduce their emissions using solar energy. We start with a definition of the term […]
5 Things to Know About the IEA’s Roadmap to Net Zero by 2050
To avoid the worst impacts of climate change and realize the goals of the Paris Agreement, greenhouse gas emissions should fall to net zero by mid-century and then reach net negative emissions thereafter. Responding to the science, 60 countries, as well as scores of companies and cities, have already adopted net-zero targets, and many more […]