emfizz.com
emfizz.com October 24, 2017


IEA says China remains leader of renewables

05 October 2017, 12:32 | Todd Saunders

"New era" for solar power as growth outpaced all other fuels in 2016

Canada's renewable energy growth projections scaled back after Ontario scraps clean energy program: Report

Solar PV capacity grew faster than that of any other power source in 2016, according to a new report by the International Energy Agency (IEA).

This year's renewable energy report from the International Energy Agency (IEA) confirms what many watching the industry already know: clean energy prices have taken a nosedive, upping competition and uptake of new technologies.

Surging solar installations in China and other markets helped the world add almost 165 GW of renewables in 2016, nearly two-thirds of net new power capacity.

Solar PV capacity grew by 50 per cent to reach more than 74 GW a year ago and it was the first time solar PV additions rose faster than any other fuel, surpassing the net growth in coal. Coal in particular had continued to grow in recent years despite global targets to reduce carbon emissions.

By 2022, India, the world's second-most populous country, is expected to more than double its renewable electricity capacity, according to the IEA.

By 2022, the amount of solar that has been installed globally will exceed the combined total electricity capacity of India and Japan today.

"What we are witnessing is the birth of a new era in solar PV".

Rajnish Kumar to be next SBI chief; to replace Arundhati Bhattacharya
Bhattacharya was granted a one-year extension in October 2016, to maintain continuity in leadership during the merger. In the position, Rajnish Kumar will be replacing Arundhati Bhattacharya, whose tenure is about to get over this week.


Nobel prize in physics awarded for discovery of gravitational waves
The team said in June that it again detected gravitational waves from two colliding black holes on December 26, 2015. Over a century ago, Albert Einstein predicted the existence of these waves in his theory of general relativity.


Calls For Tougher Gun Control Laws After Vegas Shooting
How can we reduce the number of gun-related deaths? The ATF says the guns were purchased in Texas, Utah, Nevada , and California. This December will mark five years since that massacre.


The IEA put much of the solar surge down to a large reduction in the cost of deployment and increased support from governments. The figure is set to increase by 43 percent over the next five years, said the report.

Prices for wind and solar power fell previous year to record lows in countries including India, the United Arab Emirates, Mexico and Chile, making the technologies increasingly comparable with or cheaper than energy from new gas or coal power stations.

"Still, the current uncertainty over proposed federal tax reforms, worldwide trade and energy policies could alter the economic attractiveness of renewables and hamper their growth over our forecast period", the IEA's report read.

Despite slower capacity growth, hydropower will remain the largest source of renewable electricity generation in the IEA forecast, followed by wind, solar PV and bioenergy.

The share of renewables in power generation will reach 30 per cent in 2022, up from 24 per cent in 2016.

The stunning growth trajectories reflected in the IEA report show how quickly the transition to renewables can be underway when aggressive policies cut through the barriers to growth. As a whole, renewables represented almost two-thirds of new electricity capacity additions past year, far outshining coal and natural gas growth.



Other News

Trending Now

Facebook launches Messenger Lite in US, UK, Canada & Ireland
In addition to all of that, the Lite app also enables users to use the voice calling feature and set the "active now" indicator. This is probably one of the main reason why Facebook has chose to now bring it to the USA and the other countries mentioned.

Kate Winslet to Reunite With James Cameron in 'Avatar' Sequels
Look, whether you like it or not, we're getting approximately 7,000 more Avatar movies (ed. note - actual number: four ). But if anything, the Divergent series is just one of those that show the propensity for franchises to fail.

Marine vet stole truck, drove Las Vegas shooting victims to hospital
People carry a person at the Route 91 Harvest country music festival after a mass shooting in Las Vegas on October 1, 2017. Mr Winston managed to gather around 10 to 15 people each time to take them to Desert Springs Hospital Medical Center.

Pauley Perrette Is Leaving 'NCIS' After Season 15
The fan-favorite character will soon work her last case with the team, according to Pauley Perrette , the actress who plays her. All this love, all this laughter, all this inspiration...

West Central hopes to increase cancer awareness
It's estimated that 252,710 women will be diagnosed with breast cancer in 2017 and 40,610 will die from the disease . In Massachusetts, for example, the gap is 8 percent, almost five times lower than the national average.

Obama interrupts Michelle's interview to celebrate 25th marriage anniversary
The former first lady spoke to the Pennsylvania Conference for Women in Philadelphia Tuesday when she made the comments. This year , the former American president sent wife Michelle a video message, as it was their 25th wedding anniversary.

WWE 2K18 Reveals Road to Glory Mode
We're just two weeks away from WWE 2K18's big 17 October release date, and the hype cycle is finally coming to an end. Bear in mind, the game will have loot boxes, but these are unlocked via in-game currency only.

Rep. Smith Votes to Protect the Sanctity of Life
The chamber also passed a version of the bill in 2015; but Tuesday's bill, as in 2015, is expected to fail in the Senate . The validity of this claim has been disputed by medical authorities and abortion providers.

Sonic the Hedgehog feature finds new life at Paramount
Could this be the movie to break the video game curse? If one of these names sounds out of place, it shouldn't. Moritz will produce the project, with Deadpool director Tim Miller taking up an executive producer role.

Fire Prevention Week Oct 8-14
People are urged to ensure their home electrical appliances are registered and correctly installed, maintained and used. Agencies invited to participate are the police department, Bell's Ambulance and Cal Fire.