In 2017, solar energy dominated global investment in new power generation like never before, according to a new United Nations-backed report, which shows a steady move away from fossil fuel-based power production to ‘green’ power sources.
Last year, the world installed a record 98 gigawatts of new solar capacity, far more than the net additions of the rest – other renewables, fossil fuel and nuclear, according to the Global Trends in Renewable Energy Investment 2018 report, released Thursday by the UN Environment Programme (UNEP) and its partners.
Solar power also attracted far more investment than any other technology, at $160.8 billion, up 18 per cent. More.
Over 70 stakeholders, from project developers to state-owned enterprises will meet in Suva for a one-day forum to discuss options for investing in renewable energy based power generation in Fiji and engage with existing and potential independent power producers. Fiji’s electricity system needs significant investment over the next decade, which cannot be financed by the public sector alone. Therefore, Fiji needs to attract private investment in generation capacity. Continue reading →
In Samoa, an innovative project idea is turning an environmental challenge into an energy asset. Samoa will turn the invasive Merremia vine, other invasive weeds and green agricultural waste into renewable energy in the form of clean biogas. Continue reading →
For small island developing States, the devastating impacts of climate change struck at the very heart of their survival, and without renewed political efforts to mitigate their reach, those nations would continue to suffer dramatic setbacks in their economic and social well-being, several world leaders warned today, as the General Assembly moved into the fifth day of its annual debate. Continue reading →