Imagine a peak oil world – which isn’t too far off according to the International Energy Agency. Perhaps we’ll all be driving electric cars by then, recharged via our rooftop solar systems. Or perhaps they’ll be powered by liquid coal fuels.
A recent report from the European Union’s Joint Research Center Institute for Energy shows continued massive increases in the annual growth rate of global solar cell production.
A new voice for the global renewable industry, The International Renewable Energy Agency (IRENA), will be launched on January 26, 2009 in Bonn, Germany with the goal of removing obstacles that are preventing the sector from achieving its full potential.
The new solar credits program caught many off guard after the release of the Carbon Reduction White Paper that made no mention of the scheme. The program has been welcomed by many in the Australian solar industry and renewable energy advocates; who have been very concerned with the seeming imbalance of support for the coal industry versus incentives for renewable energy. However, some have expressed misgivings about the impact the solar credits program may have on low income earners as it will erode the benefits currently available under the current rebate arrangements.
Breaking news: The Australian Government has released further details on its 20 per cent Renewable Energy Target and a new ‘Solar Credits’ program that the government says will encourage the uptake of home solar power systems.
These days, we’re all pretty familiar with various forms of renewable energy such as solar power and wind, but perhaps the rain may hold potential as another alternative energy source.
Fallout from the release of the 800 page Carbon Reduction Scheme white paper continues to build, with the Australian government being relentlessly attacked since its release by green groups and others who expressed shock and dismay at the unconditional carbon reduction target of just 5%.
A quiet revolution is taking place in the oil industry, with increasing numbers of oil and gas executives becoming nervous about the future of black gold and increasingly enthusiastic about renewable energy.
A short time ago, the Australian Government released a much awaited white paper with details of its carbon reduction targets, energy efficiency and renewable energy initiatives and emissions trading scheme; due to commence on July 1, 2010.
Many in the solar industry, investors and home owners will be waiting to hear further news of Prime Minister Rudd’s fast tracking of funding for renewable energy announced yesterday.