- “Renewable Energy Investment Dips 14% To $117.6 Billion In First Half” • Renewable energy investment dropped 14% to $117.6 billion in the first half of 2019, according to the latest figures from BloombergNEF. The report said renewable energy investment in the world’s biggest market, China, fell 39% to $28.8 billion. [Greentech Lead]
- “US Is World’s Largest Producer Of Fossil Fuels” • BP’s Statistical Review of World Energy 2019 was released in June, and the findings revealed that the US is leading the world in production of fossil fuels. Among the important facts in the review, one thing stood out: The US made 98% of total global additions, an astonishing figure. [Modern Diplomacy]
- “‘Opportunities Everywhere’: NREL Study Shows Mass Potential For Storage To Provide Peaking Capacity” • The DOE’s National Renewable Energy Laboratory found that four hours of storage could meet peaking capacity across the country, with the potential to exceed 50 GW. Currently, fossil fuels are backed up by 261 GW of peaking capacity. [Utility Dive]
- “Antarctica’s Ice Is Degrading Faster Than We Thought, And There May Be No Way To Stop The Consequences” • There are plenty of ominous indicators of the consequences of climate change, but few are more worrying to scientists than the ice sheets of Antarctica at our planet’s southern pole. It doesn’t take a degree in physics to understand the risk. [CNN]
- “Next UK Renewable Auction Could See End Of Subsidies” • The next renewable energy auction in the UK could result in subsidy-free projects awarded contracts as next-generation offshore wind technology reduces costs. Winning bids in the next UK auction round are expected to be awarded at rates that are close to wholesale. [CleanTechnica]
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