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The Environmental Case Against Bitcoin
No one may be using Bitcoin, but we’re all paying for them. Bitcoin analyst Alex de Vries, otherwise known as the Digiconomist, reports that the coin’s surge caused its estimated annual energy consumption to increase from 25 terawatt hours in early November to 30 TWh last week—a figure, wrote Vox’s Umair Irfan, “on par with the energy use of the entire country of Morocco, more than 19 European countries, and roughly 0.7 percent of total energy demand in the United States, equal to 2.8 million U.S. households.”
- Categories
- Energy, Environment, Finance
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As India goes big on renewables, bright minds are looking to develop innovative tech
India has big plans when it comes to renewable energy. The government has set itself ambitious targets, including commissioning 175 gigawatts of renewable energy by the year 2022.
- Categories
- Energy, Technology
- Region
- South Asia
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Off-Grid Electricity Projects Are Starved for Funds
A first-of-its-kind analysis of the flow of capital, released in September by the United Nations’ Sustainable Energy for All program, shows that off-grid systems simply are not getting the support they deserve.
- Categories
- Energy
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Unlocking an Energy Revolution in Ethiopia With Lessons From the Black Market
A rapidly growing market for solar lanterns and home kits is driving an energy revolution in Ethiopia. Like many low-income countries in Asia, Africa and Latin America, Ethiopia is a point of focus for international development and finance institutions as well as donors. Such organizations are channelizing tens of millions of dollars into Ethiopia for energy access. In order to maximize the impact of their investments, they need to have an understanding of local requirements in order to provide tailored financial flows.
- Categories
- Energy
- Region
- Sub-Saharan Africa
- Tags
- off-grid energy
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Study says keeping 1 billion people in the dark costs poor countries dearly
Research from the Overseas Development Institute shows improving access to off-grid electricity, such as solar-home systems and clean energy mini-grids, can boost development.
- Categories
- Energy
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Rwanda: renewables sector receives $50m investment
Rwanda's renewable energy sector has received a $50 million injection to be distributed through the Development Bank of Rwanda (BRD).
- Region
- Sub-Saharan Africa
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Rich Nations Fail to Help Developing World Fight Climate Change
Clean energy investments in China, sub-Saharan African and other emerging markets fell 27 percent in 2016, to $111.4 billion, Bloomberg New Energy Finance said in a study Monday. Less than 10 percent of that spending came from rich countries.
- Categories
- Energy, Environment, Investing
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Huge private sector investment puts Paris climate target in reach, says report
At least one trillion dollars are being invested globally in ways to reduce the threat of climate change, including renewable power, energy efficiency, and public transport around the world.
- Categories
- Energy, Environment, Investing