The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Offshore Wind Comes of Age: No Government Subsidies Needed
Denmark offshore wind giant DONG Energy won the rights last week to build two new wind farms in the German North Sea without any government subsidies. The move represents a major milestone for the offshore wind industry, which has relied on support from European governments.
"The zero subsidy bid is a breakthrough for the cost competitiveness of offshore wind and it demonstrates the technology's massive global growth potential as a cornerstone in the economically viable shift to green energy systems," said Samuel Leupold, CEO of wind power at DONG.
As reported by the Financial Times:
Auctions or tenders that force companies to compete against each other have begun to replace earlier types of green subsidies, such as guaranteed fixed power prices, in many countries over the past decade, in a move that has led to much lower prices.
Nearly 70 countries now have such competitive bidding systems, up from a handful in 2005, according to the International Renewable Energy Agency.
For a deeper dive:
EcoWatch Daily Newsletter
By Malinda Maynor Lowery
Increasingly, Columbus Day is giving people pause.
By Jeff Turrentine
More than 58 million people currently living in the U.S. — 17 percent of the population — are of Latin-American descent. By 2065 that percentage is expected to rise to nearly a quarter. Hardly a monolith, this diverse group includes people with roots in dozens of countries; they or their ancestors might have arrived here at any point between the 1500s and today. They differ culturally, linguistically and politically.
By Tara Lohan
Prigi Arisandi, who founded the environmental group Ecological Observation and Wetlands Conservation, picks through a heap of worn plastic packaging in Mojokerto, Indonesia. Reading the labels, he calls out where the trash originated: the United States, Australia, New Zealand, United Kingdom, Canada. The logos range from Nestlé to Bob's Red Mill, Starbucks to Dunkin Donuts.
The trash of rich nations has become the burden of poorer countries.