- “COP26 Promises Will Hold Warming Under 2°C” • The carbon-cutting promises made at COP26 would see the world warm by just under 2°C by the end of this century, according to an analysis. The study finds that if all the pledges that countries made are implemented “in full and on time,” temperatures would rise by 1.9° to 2°C. [BBC]
- “World’s Renewable Electricity Capacity Surpassed 3 TW In 2021” • Renewables accounted for 38.3% of global electricity generation capacity at the end of last year, compared to 36.6% in 2020, the International Renewable Energy Agency said in its annual statistical report. Renewables grew by 9.1% overall and reached 3.06 TW. [Balkan Green Energy News]
- “Breaking News! With New Plant, Kentucky To Become The Nation’s Top Producer Of Electric Vehicle Batteries” • Kentucky Governor Beshear announced that Envision AESC, a Japanese EV battery company, will invest $2 billion in Bowling Green, to build a 30-GWh gigafactory. The project will supply enough batteries each year to power 300,000 EVs. [CleanTechnica]
- “Renewable Energy Is Providing Reliable Electricity” • The Clean Energy Council says that the update of the 2021 Electricity Statement of Opportunities from the Australian Energy Market Operator shows that timely investment in renewable energy, transmission, and storage will fill the gap left by retiring fossil fuel generators. [Clean Energy Council]
- “Renewable Energy Prices Soar 30%” • The price of electricity generated by renewable power sources in North America has gone up almost 30% over the past year due to fast-rising costs of development coupled with more robust demand, according to a report by LevelTen Energy, the operator of the world’s largest power purchase agreement marketplace. [Oil Price]
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