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Geothermal

US, China and South Africa Lead Rebound in Clean Energy Investment

Second quarter investment rises 22% compared to Q1, but shrunken figure for Europe ensures that world total stays below that for Q2 last year. London and New York: Global investment in clean energy was $53.1bn in the second quarter of 2013, up 22% from the first quarter thanks to an upturn in the financing of wind and solar projects and a 170% surge in equity funding for specialist companies on public markets. The Q2 rebound was led by the US, which saw investment jump 155% compared to a weak first quarter, to reach $9.5bn, and also China (up 63% at $13.8bn) and South Africa (up from almost nothing in Q1 to $2.8bn in Q2).

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Global Renewable Energy Growth

Global Renewable Energy Growth Expected to Be Strong to 2030

Bloomberg New Energy Finance show that annual investment in new renewable power capacity is set to rise by anywhere from two and a half times to more than four and a half times between now and 2030. The likeliest scenario implies a jump of 230%, to $630bn per year by 2030, driven by further improvements in the cost-competitiveness of wind and solar technologies relative to fossil fuel alternatives, as well as an increase in the roll-out of non-intermittent clean energy sources like hydro, geothermal and biomass.

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Clean Energy Goals

Innovative Research Helps California Achieve Clean Energy Goals

The just-released report highlights energy efficiency research and demonstration projects that reduce the amount of energy used by buildings and appliances, and lower consumer energy costs. Between 1999 and 2008, PIER invested $27.6 million in 17 efficiency projects that led to building and appliance code changes that will save Californians an estimated $10 billion in energy costs by 2025

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Clean Energy Costs

Phasing Out Old, Expensive Coal Plants as Clean Energy Costs Decline

Georgia Power’s decision to phase out nearly one quarter of their dirty, eighteenth century technology is good for families and good for their customers. If the company chooses to replace this capacity with home-grown, twenty-first century energy technology like solar and wind, their decision will also be good for Georgia jobs. Moving beyond coal and oil is the right decision for Georgia Power.

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