Despite last year’s surge of$1.8 trillion in clean energy investments worldwide, investment remains below what is needed to meet the COP28 target of tripling renewable capacity by 2030, according to the latest EY Renewable Energy Country Attractiveness Index (RECAI).
This edition of RECAI focuses on BESS. According to the report, the U.S., bolstered by a 30% IRA tax credit, takes the top spot in the ranking of the world’s most attractive markets for BESS investment. China with strong government support, subsidies and plans to reduce costs, is second. The U.K., with its sophisticated energy market design and new energy bill classifying BESS as a generation asset, rounds out the top three.
A fourfold increase in global BESS deployment is forecast from 2023 to 2030, reaching 572 GW.
“Scaling up battery energy storage systems can help solve multiple problems holding up clean energy progress, including stabilizing and strengthening network infrastructure and enabling more distributed energy resources to connect to the grid,” says EY’s Arnaud de Giovanni.
“Focusing on four factors can help investors navigate this complex, highly regionalized and fast-changing market. These include building a resilient investment case, taking steps to maintain technology competitiveness, establishing the optimal business model or financing structure and mitigating supply chain risks.”
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Energy Investments Failing to Keep World on Renewables Target, Says Report
Exxon: We’re investing in innovative technologies to reduce carbon emissions while supporting the needs of heavy industry.
As a marketing consultant, here’s my advice to Exxon:
Keep your money in your pockets. There is no conceivable investment in public relations that will convince us, as stupid as we may be as a nation, that you care a damn about the health of our planet’s environment, or about the wellbeing of life on Earth.
Until this announcement, I think anyone would have said that Gallup, Inc., founded in 1935, had a solid reputation for honesty and integrity.
Yesterday, all that vanished in the blink of an eye.
Imagine you’re one of about 2000 employees located in one of about 35 offices around the world, including New York City, London, Berlin, Sydney, Singapore, and Abu Dhabi. How sickened would you be?
From “The Other 98”
Trump now wants Americans to believe that greenhouse gases don’t endanger human life, a claim that flies in the face of virtually every scientist on Earth. His administration just erased the EPA’s longstanding “endangerment finding,” the scientific and legal cornerstone that said carbon pollution warms the planet and harms human health. Without it, the EPA can no longer regulate greenhouse gases from factories, cars, or power plants, effectively stripping the federal government of its ability to combat climate change.
Trump is nothing if not predictable and consistent in his policies that fly into the teeth of science and cause grievous harm to our health.
Since science recognize vacci nations as safe and effective, why not appoint an anti-vaxxer to head up the Department of Health and Human Services?
Coal is by far the most toxic source of energy, so guess what Trump supports.
ExxonMobil Lowering Carbon Emissions? Sure.
Trump Administration Dropped Controversial Climate Report From Its Decision to Rescind EPA Endangerment Finding
Gallup Disappears into Ignominy
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