Australia finally has a net zero target. Even without being legislated, it matters as a signal. It will effectively be bipartisan, a rare and valuable thing in Australia’s climate policy. Of course the long-term goal could be used to deflect from the fact that not much is being done to put Australia on a low-carbon pathway right now, but it must be taken at face value if we are to stand a chance.

How can Australia become net zero?

Australia Could Become a Net Negative Emissions Economy | Devamı>>>

The Ministry of Energy of Uzbekistan announced that it is planned to raise the renewable energy targets for 2030, and new tenders will be held in wind and solar energy.

In its statement on 06 August 2021, the Ministry will increase the solar energy installed power target set by the country for 2030 from 5 to 7 GW, and its wind target will be 5 GW. While the current installed power of Uzbekistan is currently at the level of 12.9 GW, thermal power plants account for 11 GW of this power, and HEPPs for 1.85 GW, while the largest share in energy production is 90%.

‘Uzbekistan’ Increases Solar Installed Power Target from 5 to 7 GW | Devamı>>>

This is an abridged version of BloombergNEF’s annual accounting of global investment in the low-carbon energy transition. BNEF clients can find the full version on Bloomberg Terminal or bnef.com
Previously focused on renewables, the report now includes investment figures for a wider scope of transition areas, including energy storage, electrified vehicles and heating, hydrogen, and carbon capture and storage. We also cover thematic highlights such as the rise of green finance, performance of clean energy stocks and investment by oil majors.

Energy Conversion Investment Trends Report Published | Devamı>>>