With thousands of hydropower dams planned across the globe, a new report from WWF and The Nature Conservancy demonstrates how the renewable energy revolution can solve the world’s climate and energy challenge without sacrificing its remaining free-flowing rivers and the diverse benefits they provide to people and nature.
EGAT is planning to renovate existing power plants as well as make preparations to support electricity generation from renewable energy. EGAT’s Governor said that his company will continue to develop the country’s energy security in keeping with consumers’ changing demands and the global push towards more renewable energy sources.
The first image that usually springs to mind when someone mentions any Southeast Asian capital is congested roads filled with honking cars and motorcycles. Since most vehicles in the region run on gasoline or diesel, they contribute significantly to the worsening air pollution in Southeast Asia’s cities...electric vehicles could however change all that.
Wind and solar power are poised for a significant rise in Vietnam and will hit 19.9 GW by 2030, according to a new report. The study predicts a compound annual growth rate of 22.4 per cent for currently untapped non-hydropower renewables in the country, which it attributes to a change in government policies.
Two technologies that were immature and expensive only a few years ago but are now at the center of the unfolding low-carbon energy transition have seen spectacular gains in cost-competitiveness in the last year. The latest analysis by BNEF shows that the benchmark LCOE for lithium-ion batteries has fallen 35% to $187 per megawatt-hour since the first half of 2018.
We need a lot more clean energy. And the world is not installing it fast enough. According to a report released on Monday by IEA, installations of renewable energy plateaued in 2018 for the first time in nearly two decades of record keeping. Even if it’s just a temporary hiccup, a pause in installations is an extremely worrisome sign about the world’s ambition to address climate change.
Last year saw 180 GW of renewable energy generation capacity installed worldwide, according to IEA. Although the figure is impressive, and matched the amount added in 2017, the IEA has pointed out it was the first time the volume of new renewables had not risen year on year since 2001 and was not enough to keep the world on track to achieve the objectives defined in the Paris climate change agreement.
It’s time to stop calling blockchain a disruption. Not only is the energy sector becoming numb to such headlines, but pointing a finger at blockchain as the disruptor misses a more important point. The global energy sector is already facing multiple, concurrent disruptions that are fundamentally transforming electricity markets around the world. These disruptions really gained a foothold in recent years, and their intensity has only strengthened.