A new climate fund backed by philanthropic donors is aiming to trigger $2.5 billion of clean energy investment in Southeast Asia and aid the region's green recovery after the coronavirus.
Global investment in new clean energy capacity rose 1% last year to $282.2 billion, research by UNEP, Bloomberg New Energy Finance and the Frankfurt School-UNEP Collaborating Centre shows.
The first major U.S. offshore wind farm, planned for the Massachusetts coast, reached a key permitting milestone with the release of a long-awaited federal environmental study that considers the project's impacts on fisheries and navigation.
Wind and solar companies, facing project delays that threaten their ability to tap lucrative green energy subsidies, are pleading with lawmakers for help after not being included in the $2 trillion U.S. coronavirus stimulus package.
Global carbon dioxide emissions from the power sector fell by 2% last year, the biggest fall since at least 1990, owing to reduced coal usage in Europe and the United States, a study showed on Monday.
Clean energy investment in the United States surged to a fresh record of $55.5 billion last year, despite the government's attempts to roll back supportive policies, a report showed on Thursday.
The 36,000 solar panels gleam in the tropical heat of a valley outside the city of Yumbo in western Colombia, feeding dozens of megawatts to a nearby soft drinks factory as well as the national grid.
