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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:

  1. Renewable energy and energy efficiency played an important role in preventing carbon emissions from rising in 2014.
  2. Electric vehicle battery prices continue to plunge and are forecasted to drop even further with technological advancements and increased battery supply.
  3. Canada’s economy could be powered twice over by the amount of wind power now generated globally.
  4. The United States and China, the world’s two largest climate polluters, came to an important agreement on climate targets in 2014.
  5. Investments by developing countries in renewables were almost equal to investments by advanced economies.
  6. Pricing carbon is becoming the new normal and more than half of the global economy will soon be subject to a carbon price.
  7. With solar and wind prices dropping, renewables are becoming more affordable and competing directly with fossil fuels.
  8. More than 45 cities around the world now have a 100% renewable electricity goal.
  9. The global clean energy economy is now valued at $790 billion (CDN) and projected to grow to $1.8 trillion (CDN) by 2022.
  10. 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.

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