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Renewable energy has come to a financial crossroads: The renewable electricity production tax credit (PTC), which has fueled the growth of wind energy, expired on January 1 of this year, and Congress has yet to decide whether to renew it. The solar investment tax credit (ITC), which has encouraged the growth of solar, will expire […] |
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Countries have agreed to write a new climate agreement to begin in 2020 and replace the Kyoto Protocol. The agreement will be finalized at the 21st UN Climate Convention Conference of the Parties (COP) in 2015 in Paris, but the text of the agreement will be finished this year at COP20 in Lima in December. […] Shifting to a cleaner energy mix is essential to limit global temperature rise to the agreed 2-degree Celsius target as highlighted by the latest IPCC report. In order to achieve this, costs of renewable energy have to come down and markets need to be strengthened so as to allow for a scale-up of innovation, production, […] |
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