Despite the impacts of the COVID-19 pandemic, renewable energy set a record in new power capacity in 2020 and was the only source of electricity generation to register a net increase in total capacity. Investment in renewable power capacity rose, although slightly, for the third consecutive year, and corporations continued to break records for sourcing renewable electricity. More countries shifted towards renewables for the electrification of heat.
In 2010, a megawatt hour of electricity gleaned from solar photovoltaic cost a global average $378 to generate. That's without the effect of any subsidies which may have been applicable in some areas. By 2019, that cost had tumbled down to just $68 - cheaper than nuclear and coal and only a little behind the most economically efficient option looked at in this chart - onshore wind. Wind energy, both onshore and offshore, has also seen decreases in costs since 2010, while the more established methods of nuclear and coal have either increased in price or seen only a slight drop.
2022 is set to be a record year in terms of the scale at which the switchover from fossil fuels to renewable sources will take place. It’s also a year in which we will see new and exotic sources of energy emerge from laboratory and pilot projects and start to become a part of everyday life. So let’s take a look at what is predicted to be some of the most impactful trends in the new energy sector over the next 12 months…
The India Ministry of Housing and Urban Affairs (MoHUA) signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to form a partnership to promote investment in the waste management sector in India. Through this partnership, IFC assisted MoHUA in preparing a model concession agreement (MCA) and a model request for proposal (RFP, together the Model Documents) for use by urban local bodies (ULBs) for development of waste to bio-methanation projects in India.
The objective of the Model Documents is to:
The Ministry of Housing and Urban Affairs (MoHUA) signed an agreement with the International Finance Corporation (IFC), a member of the World Bank Group, to form a partnership to promote investment in the waste management sector in India. Through this partnership, IFC assisted MoHUA in preparing a model concession agreement (MCA) and a model request for proposal (RFP, together the Model Documents) for use by urban local bodies (ULBs) for development of waste to electricity projects in India.
The objective of the Model Documents is to:
GET™ is a suite of solutions that integrates different building systems and diverse data sources to create a seamless, sustainable utilities management experience for our customers. Powered by EnergyTech, the Internet of Things (IoT) and Artificial Intelligence (AI), GET enables building owners and facility managers to leverage smart insights to optimise energy efficiency, enhance occupant experience, and advance sustainability efforts.
The Project Preparation Resource Directory helps subnational governments and stakeholders identify project preparation facilities that can support them in developing green and resilient infrastructure, including implementing more efficient heating and cooling systems, building renewable energy, setting up sustainable transit, or climate-proofing resilient infrastructure.
In brief:
State fragility is strongly linked to prevalent climate hazards and poor energy access. Conflict, poverty, and poor governance increase countries’ vulnerability to climate change threats, while access to electricity – especially renewable – is lowest in fragile settings.
Four key factors make the scaling of renewable energy investment in fragile and conflict-affected states desirable and relevant: cost and practicality, increased and secured energy access, economic resilience, and inclusion and empowerment.