Nov 20, 2024
UK and Brazil Launch Global Clean Power Alliance to Triple Renewable Energy Capacity by 2030
At the G20 summit in Rio de Janeiro on November 20, 2024, UK Prime Minister Keir Starmer and Brazilian President Luiz Inácio Lula da Silva announced the formation of the Global Clean Power Alliance (GCPA).
At the G20 summit in Rio de Janeiro on November 20, 2024, UK Prime Minister Keir Starmer and Brazilian President Luiz Inácio Lula da Silva announced the formation of the Global Clean Power Alliance (GCPA). This initiative aims to significantly reduce global carbon emissions by tripling renewable energy capacity by 2030. The GCPA seeks to mobilize substantial investments in renewable energy projects worldwide, with the UK and Brazil leading by example in decarbonizing electricity and facilitating private capital for developing nations. The alliance addresses the urgent need to limit global temperature increases to 1.5 degrees Celsius, acknowledging that current commitments are insufficient. By providing necessary financing and technical assistance, the GCPA aims to accelerate renewable energy development and enhance energy efficiency globally. 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.