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2015 Was Record-Breaking Year for Investment in Renewable Energy
That’s more than a third of a trillion dollars (USD) and a 7 percent increase on 2014.
Whereas the oil price crash had everyone expecting renewable energy projects to stumble last year, this latest analysis shows that the sector actually boomed.
New renewables investment significantly overtook new fossil fuel investments, with "only" $253bn going into new coal, oil and gas projects in 2015.
The top-five destinations for clean energy investment dollars were China ($110.5bn), the U.S. ($56bn), Japan ($46bn), the UK ($23.4bn) and India ($10.9bn).
Renewables spending has really kicked off in emerging economies.
Renewables investment was up 24 percent from 2014 in the UK and 23 percent in India, although it fell by an embarrassing 46 percent in Canada. Which somehow didn’t affect Canada’s global ranking—it’s still number eight.
And 2015 was the first time that more money was invested in clean energy in developing countries ($167bn) than developed countries ($162bn).
The report calls 2015 a “breakout year” for the Middle East—especially for solar—and names Africa as another region to watch in the next few years.
These pretty impressive numbers (Canada aside) probably have something to do with the plummeting costs associated with renewable energy. The report finds that the unsubsidised cost of wind energy is down 61 percent since 2009 and utility-scale solar PV is down 82 percent.
So, happy Monday clean energy fans.
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The beauty products we put on our skin can have important consequences for our health. Just this March, the U.S. Food and Drug Administration (FDA) warned that some Claire's cosmetics had tested positive for asbestos. But the FDA could only issue a warning, not a recall, because current law does not empower the agency to do so.
Michelle Pfeiffer wants to change that.
The actress and Environmental Working Group (EWG) board member was spotted on Capitol Hill Thursday lobbying lawmakers on behalf of a bill that would increase oversight of the cosmetics industry, The Washington Post reported.
By Julia Conley
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"The U.S. Senate has just approved a 19 Billion Dollar Disaster Relief Bill, with my total approval. Great!" the president tweeted Thursday.
"There was a lot of devastation throughout the state," Governor Mike Parson said at a Thursday morning press conference, as NPR reported. "We were very fortunate last night that we didn't have more injuries than what we had, and we didn't have more fatalities across the state. But three is too many."