Climate Finance The Chinese-Canadian firm Canadian Solar has secured $210 million in loans to build a PV production plant in eastern Thailand. Most of the facility’s product will be exported to North America, where the U.S imposes tariffs on PV cells produced in China, including by Canadian Solar. Canadian Solar’s Thai facility would circumvent these.
Climate Finance The United Arab Emirates, one of the world’s leading oil producers, is aiming to generate close to 50 percent of its energy from renewables by 2050. The fossil-fuels dependent country has the eighth highest per capita CO2 emissions in the world. Dubai and Abu Dhabi, the two biggest emirates, have been ramping up
Climate Finance A couple years ago, environmentalists were excited that $5.1 billion had been invested in conservation efforts since 2004. The latest number: $8.2 billion, a 62 percent jump. A new report from Forest Trends also found that $3.1 billion committed for sustainable food and agriculture, habitat protection, clean water initiatives and other conservation projects
2030 The cost of solar generation, which has fallen more than 60 percent since 2009, is projected to drop another 40 to 60 percent by 2025. That will make solar power the cheapest form of energy almost everywhere in the next decade. Low costs are creating a “Wal-Mart effect” across the solar supply-chain, says Sami
Climate Finance Looming federal climate policy changes got you down? Look for clean power opportunities at the state and municipal level, as well as internationally, as generation costs fall, says Cornerstone Capital, the New York-based financial services firm. A possible growth area under President Trump: water infrastructure and improved resource efficiency. Photo credit: FuelCell Energy