IEA: Global renewable energy capacity will climb by 200GW in 2020, more in 2021

first_img FacebookTwitterLinkedInEmailPrint分享The Guardian:Global renewable electricity installation will hit a record level in 2020, according to the International Energy Agency, in sharp contrast with the declines caused by the coronavirus pandemic in the fossil fuel sectors.The IEA report published on Tuesday says almost 90% of new electricity generation in 2020 will be renewable, with just 10% powered by gas and coal. The trend puts green electricity on track to become the largest power source in 2025, displacing coal, which has dominated for the past 50 years.Growing acceptance of the need to tackle the climate crisis by cutting carbon emissions has made renewable energy increasingly attractive to investors. The IEA reports that shares in renewable equipment makers and project developers have outperformed most major stock market indices and that the value of shares in solar companies has more than doubled since December 2019.“Renewable power is defying the difficulties caused by the pandemic, showing robust growth while others fuels struggle,” said Fatih Birol, the IEA’s executive director. “The resilience and positive prospects of the sector are clearly reflected by continued strong appetite from investors. Fossil fuels have had a turbulent time in 2020 as Covid-related measures caused demand from transport and other sectors to plunge.“In 2025, renewables are set to become the largest source of electricity generation worldwide, ending coal’s five decades as the top power provider,” Birol said. “By that time, renewables are expected to supply one-third of the world’s electricity.”The IEA forecasts that new renewable capacity around the world will increase by a record 200 gigawatts in 2020, driven by China and the US where developers are rushing to take advantage of expiring incentive schemes. There is even stronger growth to come in 2021, the IEA said, when India and the European Union will be the driving forces. But growth could decline slightly in 2022 under current policies, the IEA warned.[Damian Carrington]More: International Energy Agency expects green electricity to end coal’s 50-year reign by 2025 IEA: Global renewable energy capacity will climb by 200GW in 2020, more in 2021last_img read more

Oil price slump a double-edged sword for Indonesia, Sri Mulyani says

first_img“The positive side is the price of energy will be relatively cheap,” Sri Mulyani told reporters in Jakarta. “However, this could lead to bigger uncertainty in the capital market.”Read also: Oil plunges about 30% after Saudi Arabia slashes prices, opens tapsGlobal share markets tumbled on Monday as panicked investors fled to bonds to hedge the economic shock of the coronavirus and the oil price slump.Sri Mulyani added that the government would continue to monitor the low oil price situation and its potential impact on the state budget. “For the state budget, in revenue from oil, as I said, we are facing low prices, and volume is also down because exports and production are declining, as well as the currency rate,” she pointed out. “We will assess its impact on this year’s state budget as well as the assessment for 2021.”Read also: Indonesia’s 2019 budget deficit widens to 2.2 percent amid tax revenue short fallSaudi Arabia, the world’s biggest oil exporter, is attempting to punish Russia, the world’s second-largest producer, for balking on Friday at production cuts proposed by the Organization of the Petroleum Exporting Countries (OPEC).OPEC and other producers supported the cuts to stabilize falling prices caused by the economic fallout from the coronavirus outbreak.Saudi Arabia plans to boost crude output above 10 million barrels per day (bpd) in April after the current supply deal between OPEC and Russia – known as OPEC+ – expires at the end of March, according to Reuters.Topics : Low oil prices may be a double-edged sword for Indonesia after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to boost supply amid falling demand due to the coronavirus outbreak.Finance Minister Sri Mulyani Indrawati said on Monday that the current price war amid the weakening economy due to the outbreak may benefit Indonesia’s imports as a result of lower oil prices. Brent crude futures fell by the most since 1991 on Monday, by US$14.25 or 31.5 percent to $31.02 per barrel.The current circumstance may ease state-owned oil producer Pertamina’s oil import burden, she added.last_img read more

Solanke earns win for Chelsea

first_img Press Association Dominic Solanke’s first-half strike earned Chelsea a slender 1-0 friendly win over Thailand All-Stars on Saturday. Chelsea now travel to Australia where they will take on Sydney FC, beaten by Tottenham earlier today, at the ANZ Stadium on Tuesday. center_img Solanke, who made his senior debut for Chelsea in their 6-0 Champions League win over Maribor in October, scored the only goal of the game after 13 minutes to hand Jose Mourinho’s Premier League champions victory in Bangkok. The 17-year-old swept Loic Remy’s low right-wing cross into the left-hand bottom corner to ensure the Blues began their post-season tour in successful fashion at the Rajamangala National Stadium. last_img read more

Volleyball loses its momentum against visiting Stanford

first_imgLanier said there are still a few things that the Trojans must work on to be the team they want to be. Following its decisive win against Cal, USC attempted to ride the wave of momentum into its match against Stanford Sunday. Coming off a pair of conference wins against Oregon State and Oregon, USC women’s volleyball managed to upset No. 15 Cal 3-1 before narrowly losing 3-2 to Stanford this past weekend. In the second set, senior outside hitter Khalia Lanier shined, notching six kills. Lanier totaled 26 kills and 28 points on the match, matching her career-high in both categories. She continues to shred opposing defenses and has been a key leader and performer for the Trojans this season. Lanier said she would not have been as successful against Cal  without her middle line. “I have Raegan [LeGrand] and Jenna [Adams] behind me,” she said. “That’s one of the biggest things. They give me the confidence that even when I’m having an off night blocking, it’s not going to kill us and we’re not going to lose a game off of one skill. So I think that’s the biggest thing — just having confidence in each other.”  The Trojans can draw a number of positives from the match. Sophomore setter Raquel Lázaro once again showed her ability to consistently produce for the Trojans with 43 assists on the night. She has dished out at least 33 assists in all of her matches so far and has been one of the Trojans’ biggest impact players.  “We’re still trying to nitpick some things, fine-tune some things, and it’s getting better every day, every practice, so if we can just keep rolling with that,” Lanier said.center_img Once again, the Trojans started out the match hot, winning the first two sets to put Stanford in a deep hole. Supported by explosive runs and consistent kills, the Trojans held a commanding two-set lead heading into the third. The Trojans came out strong in their first set against Cal Friday, allowing only one tie and no lead changes en route to a 11-0 run to win the set. However, No. 2 Stanford finally settled down and began to take over the match. Led by freshman outside hitter Kendall Kipp’s 23 kills, Stanford proceeded to pick apart the Trojans and won three straight sets in dominating fashion to capture the match. Despite their lackluster start, the Cardinal outplayed USC both offensively and defensively, out-blocking the Trojans 12 to 10 and putting up 75 kills compared to USC’s 57. The Trojans finished off the Bears 25-19 in the fourth set, riding on eight kills from Lanier. Along with Lanier’s firepower, Cal’s 32 errors in the game — compared to 12 for USC — were a major factor in the Trojans coming out on top. Sophomore setter Raquel Lázaro celebrates during the Trojans’ game against Cal Friday. Lázaro had 43 assists against the Bears. (Krystal Gallegos / Daily Trojan) This loss marks USC’s seventh in a row against Stanford, but the Trojans will have at least one more chance to get revenge when they visit the Cardinal later this season.last_img read more