NewEnergyNews: Economic Stimulus and Global New Energy

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YESTERDAY

  • Weekend Video: Dems’ Climate Bill On Verge
  • Weekend Video: Colbert Talks Transportation Electrification With DOE Sec
  • Weekend Video: Europe In Heat
  • THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-Consider Climate Endgame and Tipping Points –Scientists
  • FRIDAY WORLD HEADLINE-Global Energy Storage Boom Goes On
  • THE DAY BEFORE THE DAY BEFORE

    THINGS-TO-THINK-ABOUT WEDNESDAY, August 3:

  • TTTA Wednesday-ORIGINAL REPORTING: Rate Design As A Solution
  • TTTA Wednesday-Jobs In Solar Rise With The Sun
  • THE DAY BEFORE THAT

  • Monday Study – A Close Look At The System Needed For Distributed New Energy
  • THE LAST DAY UP HERE

  • Weekend Video: Bill Maher Talks Population And Climate
  • Weekend Video: Build Back Better Comes Back With New Energy
  • Weekend Video: Pix Of The West Drying Out
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    Founding Editor Herman K. Trabish

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • MONDAY’S STUDY AT NewEnergyNews, August 8:
  • Big Gains From Dems’ New Climate Bill

    Friday, December 03, 2021

    Economic Stimulus and Global New Energy

    How much will renewable energy benefit from global stimulus packages?

    1 December 2021 (International Energy Agency)

    “…[As of October 2021, approved] government spending on clean energy reached USD 480 billion. The USD 45 billion allocated to renewables – including electricity, heat and fuels (biofuels, advanced biofuels and biogas) – accounted for about 9% of announced public spending on clean energy. The majority of global clean energy stimulus is expected to be spent over 2021-2023…[Energy efficiency] received USD 144 billion, the greatest clean energy spending globally…The second most supported sector is public transport (USD 94 billion), followed by low-emission vehicles and charging infrastructure (USD 79 billion)…

    Of the spending on low carbon power, we expect solar PV to receive the largest amount, accounting for almost half of low-carbon electricity spending (USD 24 billion) and split between utility-scale and distributed PV. This stimulus money will mostly support already developed markets in China, Korea and the European Union to further accelerate investments. Nuclear power has received around USD 9 billion in public spending, followed by offshore wind and onshore wind…

    …[Hydropower, geothermal, bioenergy, biogas, and biofuels only received around USD 6.5 billion but low-carbon hydrogen got USD 30 billion because it is thought by many] governments to be the main fuel for decarbonising the hard-to-abate sectors…[A]lmost three quarters of public spending on clean energy was allocated in Europe, followed by the Asia Pacific region and North America…[The spending on] renewable electricity could mobilise USD 380 billion of additional private investment…[depending on] policies and implementation measures…with solar PV providing over 90% of this upside potential…” click here for more

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