Tracking the energy revolution – Global
Metcalf grantee, Clean Energy Canada, released their second Tracking the Energy Revolution – Global report in early July. Part of an annual series of publications that shine a light on key transitions toward a clean energy future, the 2015 report identified ten notable trends in technology, policy, and business:
- Renewable energy and energy efficiency played an important role in preventing carbon emissions from rising in 2014.
- Electric vehicle battery prices continue to plunge and are forecasted to drop even further with technological advancements and increased battery supply.
- Canada’s economy could be powered twice over by the amount of wind power now generated globally.
- The United States and China, the world’s two largest climate polluters, came to an important agreement on climate targets in 2014.
- Investments by developing countries in renewables were almost equal to investments by advanced economies.
- Pricing carbon is becoming the new normal and more than half of the global economy will soon be subject to a carbon price.
- With solar and wind prices dropping, renewables are becoming more affordable and competing directly with fossil fuels.
- More than 45 cities around the world now have a 100% renewable electricity goal.
- The global clean energy economy is now valued at $790 billion (CDN) and projected to grow to $1.8 trillion (CDN) by 2022.
- As the divestment movement continues to grow, investors attending the 2014 UN Climate Summit in New York City pledged to move a combined $100 billion (USD) out of fossil stocks and into clean energy.
Learn more about these exciting trends by exploring Clean Energy Canada’s interactive report page.