How the Inflation Reduction Act Reduces the Cost of Renewables
Renewables are the cheapest power source presenting an even lower cost than the most competitive fossil fuel options. Developed and developing economies are accelerating their adoption of renewables in the face of rising global energy prices. According to IRENA, the adoption of renewables in 2020 will save emerging countries up to $156 billion over their […]
The Surging Renewable Future
Renewable energy continues to display promising global growth and adoption as countries strive to reduce their carbon emissions. The world added a record 295 gigawatts of renewable power capacity (equivalent to 32 years worth of energy to power all of New York City) last year. In 2022, global renewable energy generation is on pace to […]
How the Inflation Reduction Act Affects Renewable Energy Adoption
Introduction The Inflation Reduction Act aims to lower costs for families, combat the ongoing climate crisis, reduce the deficit, and tax the wealthiest corporations and earners. The Act raises nearly $800 billion from multiple revenue sources with $369 billion earmarked for clean energy and climate change mitigation initiatives. This is the largest federal clean energy […]
How Renewable Energy Improves Power Grid Reliability
The cost of renewable energy continues to decline significantly year over year making it the cheapest source of power. Since 2010, the price of solar power fell by over 80% while the price of fossil fuels remained relatively stagnant until the recent energy crisis. The rapid rise in fossil fuels like coal, natural gas, and […]
Is that a typo? Floatovoltaics?
Floatovoltaics are photovoltaic solar panel arrays installed on bodies of water like reservoirs and water treatment plants. These floating solar farms are an emerging niche within the renewable energy industry. The National Renewable Energy Laboratory estimated that floatovoltaics installed on just a quarter of the United States’ manmade reservoirs could generate at least ten percent […]
The Power of Sustainable Finance and Renewables
The rise of sustainable finance is propelling more companies to adopt environmentally friendly and sustainable practices. Sustainable finance is the process of taking environmental, social, and governance (ESG) considerations into account while making investment decisions. This growing practice is leading to more long-term investments in renewable energy projects for businesses, governments, and individuals. In 2021, […]
How the U.S. is Accelerating Solar Adoption
The United States is one of the leading countries in solar energy and photovoltaic adoption. In 2021, the United States installed over 35 gigawatts of new capacity from renewable energy or battery technologies. In addition, photovoltaics represented over 44% of the new electric generation capacity in the United States. While the United States remains a […]
The REPowerEU Plan in detail
The European Commission presented the REPowerEU Plan in response to the global energy crisis and to reduce its reliance on Russian natural gas, crude oil, and coal. The plan focuses on three key pillars–energy savings, diversification of energy supplies, and accelerated roll-out of renewable energy. These pillars address some of the core factors driving the […]
What is the REPowerEU Plan?
What is the REPowerEU Plan? The global shortage of natural gas and crude oil continues to drive market volatility and historically elevated prices. In the first quarter of the year, short-term natural gas prices on the most prominent European exchange were five times higher than the 2021 average. In addition to elevated short-term prices, the […]
Unpacking the Carbon Credit market Pt2
The Compliance and Voluntary Carbon Markets Carbon markets are fundamental to achieving net-zero greenhouse gas emissions. Currently, the compliance carbon market is more mature than the voluntary carbon market due to transparency and regulation. The voluntary carbon market, however, presents a massive growth opportunity as demand for carbon credits rapidly increase while cap-and-trade systems only […]