Nov 19, 2024
Keir Starmer and Lula da Silva Launch Global Clean Power Mission
UK Labour leader Keir Starmer and Brazilian President Lula da Silva have initiated a global alliance to triple renewable energy capacity by 2030.
At the G20 summit in Brazil, Keir Starmer and Lula da Silva announced a “clean power alliance” aimed at significantly increasing global renewable energy capacity within the next six years. This initiative seeks to attract substantial investments and promote economic growth, job creation, and climate stability. The alliance will also address the financing challenges faced by developing countries, leveraging the decarbonization experiences of the UK and Brazil to assist other nations. Countries such as Canada, France, and Germany have expressed support, while the United States, under President-elect Trump, remains non-committal. The leaders emphasized the urgency of limiting global temperature rises to 1.5 degrees Celsius, with the initiative expected to invigorate climate finance discussions ahead of COP29. Read more.
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Jun 5, 2025
Renewable Energy Investors Receive Mixed Signals In The U.S.
In early 2025, U.S. clean energy investments faced significant setbacks, with $8 billion in projects canceled amid policy uncertainties and shifting federal priorities.
U.S. Utility-Scale Solar Installations Drop 30% in Q1 2025 Amid Policy Uncertainty
In the first quarter of 2025, the U.S. installed 4.4 GW of utility-scale solar power, marking a 30% decrease from the previous year’s record, as policy uncertainties and market challenges impact the renewable energy sector.