On May 14, 2015, Bank of America (BoA) announced that it has issued a $600 million bond to fund renewable energy and energy efficiency projects. This is the second time that BoA has offered green energy bonds. In 2013, BoA issued $500 million in green bonds after pledging to commit $50 billion over ten years to advance renewable energy and promote energy efficiency projects. The new $600 million bond will advance low-carbon solutions by lending, investing, facilitating capital, and providing advice for clients globally who are advancing the low-carbon economy.
As renewable electricity is added to the grid, are power markets misfiring?
When increasing megawatt-hours of variable solar and wind energy began coursing through the grid, the initial concern was an operational one—could grid reliability be maintained. But it turns out those megawatt-hours are creating market challenges, as well. What needs to be done to right the markets? Travis Kavulla, vice chairman of the Montana Public Service Commission, and Albert Cheung, head of analysis at Bloomberg New Energy Finance, have each taken a stab at answering that question in recent essays. I...
Increasing ambition for renewable heating and cooling: Is the current energy modelling enough?
EGEC has released a policy paper assessing the current European Commission’s energy modellingfor heating and cooling, used to generate forecasts that serve as basis for policy proposals and policy making. The resulting analysis shows a lack of robustness in the Commission’s forecasts for the heating and cooling sector, which translates in a lack of ambition, in the initial Commission’s proposal, for the future of the renewable heating and cooling (RES-HC) sector. The decarbonisation of the...
Renewable energy from Biogas plant
Earths is sick and needs to be fixed. This simple message is enough for every body alive to be involve in fixing our home. Constatnt pollution of our evironment by fossil fuels ,humaan activities have degraded our ozone, allowing greenhouse gases to deplet the ozona and occupy our atmosphere.The damages caused by fossil fuel can not be overemphasized,as more and more problems and global warming is emerging on daily basis . Osmartex & Co Nig Ltd is investing in biogas plant construction that would provide up...
Renewable energy in Europe 2017: recent growth and knock-on effects
Addressing climate change requires a globally coordinated, long-term response across all economic sectors. The 2015 Paris Agreement provides the framework for limiting global warming to less than 2 degrees Celsius above pre-industrial levels and for pursuing efforts to limit it to 1.5 degrees Celsius. Early in this process, the European Union has adopted ambitious and binding climate and energy targets for 2020 and 2030. Member States have set the strategic objective of building an Energy Union, which aims to...
What rural Alaska can teach the world about renewable energy
I flew into Unalakleet, Alaska, on a late fall day. With about 700 people, Unalakleet is large by rural Alaska standards and serves as a regional hub. The village is located on a sandy spit of land where a clear river meets the turbid water of the Bering Sea. Out the plane window the sun shone bright, glittering off the wind-tossed whitecaps of the sea. To the east, the rolling Nulato Hills, clad in autumn foliage, provided a picturesque backdrop. As the small plane banked for our approach, a row of wind turbines...