article thumbnail

The world came tantalizingly close to a deal to phase out fossil fuels

The Verge: Energy

Now that the dust has settled, these are some of the biggest decisions made in Dubai that could determine how we power our world in the future. Now that the dust has settled, these are some of the biggest decisions made in Dubai that could determine how we power our world in the future. The beginning of the end for fossil fuels?

article thumbnail

Celebrating the Achievements of Wind Power on Global Wind Day

Green Market Oracle

Wind is key to our energy mix because it reduces fossil fuel use which combats climate change and contributes to cleaner air. There is now more than 591GW of wind power capacity installed globally in 91 countries, with continued growth predicted. Wind energy contributed 6.5 In 2018 the U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

'Oil has no place in our future': Rockefeller fund returns shine after ditching fossil fuels

Business Green

Rockefeller Brothers Fund announces that its investment portfolio has exceeded expectations and industry averages in the five years since it divested from fossil fuels. According to the study, the RBF posted an average annual net return of 7.76 per cent over the five-year period that ended in December last year.

article thumbnail

How Should Europe Decarbonize? Depends Who You Ask

GreenTechMedia

The EU's own new strategy for decarbonizing its energy system draws largely from European Commission projections from 2018, predicting that in 2050 more than 80 percent of the electricity supply will come from renewables and 15 percent from nuclear.

Europe 130
article thumbnail

Global wind power grows by more than 60GW in 2019

Business Green

But Global Wind Energy Council forced to revise its forecasts for 2020 and beyond as coronavirus fallout continues. Meanwhile, the growing number of wind farms around the world continues to be largely driven by financing via market based policy mechanisms, such as the UK's Contracts for Difference scheme, it seems.

article thumbnail

Over 60GW of wind energy capacity installed in 2019, the second-biggest year in history

Envirotec Magazine

According to the report, 2019 was the second biggest year for wind power historically, with installations of 60.4 The main driver of this growth was market-based mechanisms, with auctioned wind capacity in 2019 surpassing 40 GW worldwide, accounting for two-thirds of total new capacity and doubling auctioned capacity compared to 2018.

article thumbnail

Renewable Energy Growth Continues At A Blistering Pace

R-Squared Energy

The “Renewables” category consists of wind power, solar power, biofuels. The category “Other” includes geothermal energy and power produced from biomass. That’s because hydroelectricity represents a mature category of energy production that is growing globally at a much slower rate than modern renewables like solar power.

Energy 78