The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Global Wind Day: Celebrate Renewables and Demand an End to Fossil Fuel Subsidies
According to two new reports on the global status of renewable energy, the industry posted strong rates of investment and new installation in 2012, proving itself as more than an alternative source of energy.
The world’s economies, however, continue to spend $6 subsidizing fossil fuels for every $1 spent to support the growth renewable energy.
Global Wind Day, tomorrow, June 15, is an opportunity to highlight this harmful disparity just ahead of the G8 summit in the UK. These major economies, as members of the G20, pledged in 2009 to "phase out and rationalize over the medium term inefficient fossil fuel subsidies while providing targeted support for the poorest"—a much applauded decision that has yet to see significant follow-through.
Not only do these subsidies continue to sponsor the activities that cause climate change, but they work against the creation of stable government support for the renewable energy industry. The lack of reliable, long term support for renewables creates uncertainty that holds back the potential of the industry.
Despite uncertainty, however, the industry has achieved striking successes so far.
The promising trends seen in the industry were reported by two sister publications, REN21’s Renewables 2013 Global Status Report and Frankfurt School–United Nations Environment Programme/Bloomberg New Energy Finance’s Global Trends in Renewable Energy Investment 2013, launched together June 12, 2013.
The publications report that 2012 was the second highest year ever for renewable energy investments, totaling $1.3 trillion since 2006. Additionally, the installation of new renewable energy continues to grow, adding new, clean energy capacity both on and off the grid.
This growth isn’t limited to developed nations—in fact, developing nations are quickly rising to the top of this burgeoning industry. In 2012, renewable energy investments in developing nations totaled $112 billion, just shy of the $132 billion invested in developed nations. This is a dramatic shift from 2007, when developed nations invested 2.5 times more in the industry.
The sector employs an estimated 5.7 million people worldwide, with high rates of employment in Brazil, China, India, the European Union and the U.S. Green jobs are also growing in other nations, with an increasing number of technicians and sales staff in off-grid sectors of the developing world. In Bangladesh for example, selling, installing and maintaining small solar panels employs 150,000 people directly and indirectly.
Amongst the good news, the publications point out that 2012 investment rates were down from their 2011 high. Examples of contributing factors to the decline include a 34 percent drop in the U.S. as well as similar decreases in Italy and Spain due to policy uncertainties.
In Japan, however, new feed-in tariffs for installations contributed to a 73 percent spike in renewable investment. Japan is now on track to the world’s largest solar market. In only seven months following the introduction of the tariffs, the Japanese Ministry of Economy, Trade and Industry approved 12,258 mega watts of solar projects.
Policy uncertainty led to an overall decline in investments—but as the success of Japan’s tariffs shows, the decline can be temporary. REN21’s report demonstrates that the right policies can drive the successful integration of larger shares of renewables.
Shifting policy priorities to bolster the growth of the renewable energy sector, not just for providing economic growth but also for advancing the clean solutions needed to fight climate change, is vital for the future. The first step in showing serious commitment to do so will be cutting down harmful fossil fuel subsidies.
Visit EcoWatch’s RENEWABLES page for more related news on this topic.
EcoWatch Daily Newsletter
By Emily Deanne
Shower shoes? Check. Extra-long sheets? Yep. Energy efficiency checklist? No worries — we've got you covered there. If you're one of the nation's 12.1 million full-time undergraduate college students, you no doubt have a lot to keep in mind as you head off to school. If you're reading this, climate change is probably one of them, and with one-third of students choosing to live on campus, dorm life can have a big impact on the health of our planet. In fact, the annual energy use of one typical dormitory room can generate as much greenhouse gas pollution as the tailpipe emissions of a car driven more than 156,000 miles.
By Lorraine Chow
Kokia drynarioides is a small but significant flowering tree endemic to Hawaii's dry forests. Native Hawaiians used its large, scarlet flowers to make lei. Its sap was used as dye for ropes and nets. Its bark was used medicinally to treat thrush.
States that invest heavily in renewable energy will generate billions of dollars in health benefits in the next decade instead of spending billions to take care of people getting sick from air pollution caused by burning fossil fuels, according to a new study from MIT and reported on by The Verge.
Hawaii's Kilauea volcano could be gearing up for an eruption after a pond of water was discovered inside its summit crater for the first time in recorded history, according to the AP.
By Kristin Ohlson
From where I stand inside the South Dakota cornfield I was visiting with entomologist and former USDA scientist Jonathan Lundgren, all the human-inflicted traumas to Earth seem far away. It isn't just that the corn is as high as an elephant's eye — are people singing that song again? — but that the field burgeons and buzzes and chirps with all sorts of other life, too.
Humanity faced its hottest month in at least 140 years in July, the US National Oceanic and Atmospheric Administration (NOAA) said on Thursday. The finding confirms similar analysis provided by its EU counterparts.
By Hans Nicholas Jong
Indonesia's president has made permanent a temporary moratorium on forest-clearing permits for plantations and logging.
It's a policy the government says has proven effective in curtailing deforestation, but whose apparent gains have been criticized by environmental activists as mere "propaganda."