Most G20 countries including several of emerging countries enhanced their conditions for investments in low-carbon energy in the past year. Nonetheless, more renewable energy investments have to be undertaken in order to meet the Paris climate targets. In addition, the G20 would need to develop and implement more ambitious, consistent and transparent long-term strategies to improve the investment climate for renewable energies. These are the key findings of the Allianz Climate and Energy Monitor 2018, published today.
In the beginning of July, Germanwatch published its Kosovo research study “Phasing in Renewables“ and discussed it in Pristina with development organisations, ministries, business, NGOs and academia. Kosovo faces quite typical challenges of the Western Balkans, being heavily reliant on lignite use for power generation and struggling with serious social and economic problems.
Germanwatch, together with Balkan Green Foundation, has published the study "Phasing in Renewables. Towards a prosperous and sustainable energy future in Kosovo: challenges and possible solutions". Ten authors from the spheres of science, consulting and practice outline challenges and possible solutions for Kosovo based on experiences in other countries.
To reach the Paris Agreement climate goal, and stay under 2°C warming, emissions will need to peak in the coming years and be reduced to zero by 2050. China, India and the US play a key role in achieving this target as they emit over 50% of the global CO2 emissions and are by far the largest markets for renewable energies. Published today, the Allianz Climate & Energy Monitor Deep Dive aims to inform investors and policy-makers on the scale of investments needed in China, India and the US to be in line with the Paris goals; and what recent developments, especially regarding the leadership change in the US, mean for investing in renewable power in the future.
Simply because utility-scale renewable energy (RE) projects substitute for fossil fuel plants does not per se imply that they will result in sustainable, equitable or even pro-poor development outcomes in the environments in which they are embedded and on the people they serve...