How more research and development funding can hasten green revolution
A uniquely detailed model of the dynamics of innovation in the energy industry has been explained in a new article. In so doing, researchers indicate how supporting clean energy R&D, not just a carbon tax, might be the best way to help clean energy technologies compete with traditional forms of energy. Ref. Source 5h.
Renewable Energy Investments: Major Milestones Reached New World Record Set
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Coal and gas-fired generation attracted less than half as much capacity investment as renewables last year; Renewables added more to global energy generation capacity than all other technologies combined; For first time, developing world investments in renewables (up 19 percent in 2015) topped developed nations' (down 8 percent); and world record total of $286 billion invested in renewables last year; makes $2.3 trillion over 12 years.
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Expansion of wind and solar power too slow to stop climate change. The production of renewable energy is increasing every year. But after analyzing the growth rates of wind and solar power in 60 countries, researchers conclude that virtually no country is moving sufficiently fast to avoid global warming of 1.5°C or even 2°C. The article "National growth dynamics of wind and solar power compared to the growth required for global climate targets" was published in the journal Nature Energy, written by Aleh Cherp, Vadim Vinichenko, Jale Tosun, Joel A.Gordon and Jessica Jewell. Source 5c.