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2019-03-01 11:45:00

RENEWABLE FOR EUROPE: €10 BLN

RENEWABLE FOR EUROPE: €10 BLN

RECHARGE - The EU will spend up to €10bn ($11.37bn) supporting innovative low-carbon technologies in sectors such as renewables and energy storage over the next decade, said the European Commission.

The Innovation Fund – set to be one of the world's largest funding programmes for climate action – will benefit from revenues from allowances sold under the EU's Emissions Trading System (ETS) during the period 2020 to 2030.

The total amount realised from the sales depend on the carbon price, which is currently around €20 per tonne of CO2.

Any undisbursed revenues from the Innovation Fund's predecessor, the NER 300 programme, will also be added to the new scheme.

The fund will fund big projects which can reduce emissions substantially in key sectors, but will also be open for small-scale projects with eligible costs under €7.5m which can benefit from simplified arrangements for application and selection.

"Less than three months after adopting our strategic vision for a climate neutral Europe by 2050, we are putting our money where our mouth is," said European climate action and energy commissioner Miguel Arias Canete.

"Our objective is to keep building a modern, competitive and socially fair Paris-aligned economy for all Europeans," he said. "For this to happen, we will need deployment of clean innovative technologies on an industrial scale."

The Commission said it wants to ensure that Europe continues to be at the top of the league in high-value patents for clean energy technologies.

 

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Earlier:

 Renewable
2019, February, 20, 11:20:00

RENEWABLE ENERGY INNOVATIONS

IRENA - Innovative solutions accelerate low-cost renewables in the power sector, providing countries with tools to benefit from renewables scale-up, new IRENA report finds

 
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2019, February, 15, 11:50:00

BP ENERGY OUTLOOK 2019

BP - The 2019 edition of BP’s Energy Outlook, published today, explores the key uncertainties that could impact the shape of global energy markets out to 2040. The greatest uncertainties over this period involve the need for more energy to support continued global economic growth and rising prosperity, together with the need for a more rapid transition to a lower-carbon future.

 
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2019, February, 13, 11:50:00

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WNN - Nuclear energy can help the European Union achieve a sustainable and low-carbon future while providing people with reliable and affordable electricity, Foratom - the European nuclear trade body - says in a new position paper.

 
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2019, February, 1, 10:50:00

GERMANY'S SOLAR POWER UP

PLATTS- Germany added almost 3 GW of solar capacity last year, the highest annual figure since 2013 and 68% more than 2017, German solar association BSW said Thursday. Total installed solar PV capacity was 45.929 GW by end-2018, with 377 MW added in December alone.

 
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2018, December, 14, 08:55:00

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PLATTS - Renewables' share in Germany's power mix is set to reach 38% this year, ahead of the government's 2020 target of 35% but below-trajectory for 2030's 65% target, utility lobby group BDEW said Thursday.

 
 Renewable
2018, December, 7, 08:10:00

WBG GREEN INVESTMENT $200 BLN

WBG - “There are literally trillions of dollars of opportunities for the private sector to invest in projects that will help save the planet,” said IFC CEO Philippe Le Houérou. “Our job is to go out and proactively find those opportunities, use our de-risking tools, and crowd in private sector investment. We will do much more in helping finance renewable energy, green buildings, climate-smart agribusiness, urban transportation, water, and urban waste management.”

 
Renewable
2018, September, 26, 09:35:00

OPEC: GLOBAL ENERGY DEMAND WILL UP BY 33%

OPEC - Total primary energy demand is expected to increase by 91 mboe/d between 2015 and 2040 to reach 365 mboe/d in 2040

 

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