World Bank: 5 Ways to Reduce the Drivers of Climate Change

In a lecture to students at Georgetown University in Washington, D.C., on March 18, World Bank Group President Jim Yong Kim laid out five key areas where policies and growth choices can help reduce the drivers of climate change. “We have to keep the economy growing – there is no turning back on growth,” President Kim told the student audience. “What we have to do is decouple growth from carbon emissions.”  Read more at http://www.worldbank.org

Vancouver to shift to 100% renewable energy sources

Vancouver City Council voted unanimously last week to shift Vancouver’s energy use to 100 per cent renewable energy sources by 2050, aimed at removing greenhouse gas production and curbing climate change. Currently, 32 per cent of Vancouver’s energy comes from renewable sources. Read more at http://www.vancitybuzz.com

European Energy Security: EU Members Fail to Introduce Energy Efficiency Law

Malta is the only EU Member State that managed to transpose the block’s Energy Efficiency Directive into national law. The remaining Member States were hit by legal action on Thursday (26 March). The EU Commission now wants Hungary, the only country to be referred to the European Court of Justice, to pay a fine of €15,444 daily for not translating the directive by the June 2014 deadline. the other 26 EU countries were hit by infringement procedures because they did not meet the June 2014 deadline to inform the Commission how they were introducing the directive in their home countries. Only four EU countries managed to meet the deadline – Cyprus, Italy, Malta, and Sweden – but only in Malta’s case, the EU executive arm was able to determine that the transposition into national law was sufficient enough. Read more at http://eubulletin.com

Top Chinese Meteorologist Warns Climate Change Will Have 'Huge Impact' On Country

"As the world warms, risks of climate change and climate disasters to China could become more grave," said  Zheng Guoguang, China Meteorological Administration (CMA) chief.
The CMA chief said climate change would seriously threaten big projects in the country, such as the Three Gorges Dam and a massive scheme geared toward diverting water from southern portions of China to areas north of the country to address water problems. Zheng called on China to take a development path that accommodates the aim of lowering carbon emissions, but he also pointed out that the use of solar and wind energy in the country has limited potential.
Along with the United States, China accounts for about 45 percent of total carbon dioxide emissions in the world.  Read more at http://www.techtimes.com/

Costa Rica is now running completely on renewable energy

Thanks to some heavy rainfall this year, Costa Rica’s hydropower plants alone are generating nearly enough electricity to power the entire country. With a boost from geothermal, solar, and wind energy sources, the country doesn’t need an ounce of coal or petroleum to keep the lights on. Costa Rica is a small nation, has less than 5 million people, doesn’t have much of a manufacturing industry that would require a lot of energy, and is filled with volcanoes and other topographical features that lend themselves to renewable energy. Read more at http://qz.com

What next for the Green Climate Fund?

GCF  board meets in Korea to discuss how it will leverage billions in private funds. The Private Sector Facility (PSF), widely regarded as one of the innovative features of the Fund, has started to take shape with the board confirming that private sector intermediaries can be accredited to deploy the Fund’s resources.Such entities, the Board decided, will have a choice of financial instruments that includes equity and guarantee instruments alongside grants and loans.
Advice and specific recommendations on two particularly innovative roles of the PSF were provided.
First,  the importance for ensuring the Fund supports the local private sector in developing countries, particularly small and medium sized enterprises (SMEs) for both mitigation and adaptation activities.
 The other potentially innovative role for the PSF is on mobilising funds at scale. Given the scale of the climate related investment challenge, accelerating the participation of institutional investors within the financing of countries’ mitigation and adaptation programmes was emphasised.  Read more at http://www.rtcc.org

Africa’s power sector offers ‘potentially attractive opportunities’

Using per-capita data, a US citizen on average uses 12,461 kilowatt hours of electricity per annum; a citizen of Ethiopia uses 52. On average, only 30% of Sub-Saharan Africa citizens have any access to electric power, and even where power is available, provision can be sporadic, with frequent power cuts and “brown-outs”.   A US government-sponsored initiative, Power Africa, is looking to provide financing and expertise to encourage investment links between businesses and African governments to develop smaller-scale, technologically innovative generation projects. The projects are slanted toward renewable energy solutions that utilise Africa’s abundant resources of solar, wind and geothermal power, but are not neglecting the growing potential of natural gas as the number of hydrocarbon discoveries across Africa multiplies. The Power Africa initiative has been ongoing for a little over a year, but additional funding announced at the US-Africa Leaders Summit in August 2014 has increased the potential budget for the operation to US$26bn in direct financing and investment guarantees. The China-supported dam building efforts, supplemented by other major projects, including proposed nuclear plants in South Africa and a major coal-fired power station in Zimbabwe, could potentially make a huge difference to Africa’s generating capacity. Read more at http://www.blackstarexodus.com

China Spawns Its Latest Renewable Energy Billionaire

Cao Renxian, chairman of China’s Sungrow Power Supply, has joined the ranks of the world’s renewable energy billionaires. Sungrow makes power supply equipment for the solar and wind power industries, mainly inverters and converters. Its revenue rose by 44% last year to 3 billion yuan, or $479 million. That helped to boost net profit to 291.7 million yuan, or $46.6 million, an increase of 61% from 2013. China’s richest man, Hanergy chairman Li Hejun, also hails from solar power industry. His flagship business, Hong Kong-listed Hanergy Thin-Film Power Group, boasts a market cap  six times that of top U.S. thin-film panel supplier First Solar. Read more at http://www.forbes.com

IPCC launches complete Synthesis Report, the concluding instalment of the Fifth Assessment Report (AR5)

Written by over 800 scientists from 80 countries, and assessing over 30,000 scientific papers, the Fifth Assessment Report tells policymakers what the scientific community knows about the scientific basis of climate change, its impacts and future risks, and options for adaptation and mitigation. The key findings of the Synthesis Report, initially released on 2 November 2014, are:
· Human influence on the climate system is clear;
· The more we disrupt our climate, the more we risk severe, pervasive and irreversible impacts; and
· We have the means to limit climate change and build a more prosperous, sustainable future. Read more at http://www.ipcc.ch/

A fully transparent solar cell that could make every window and screen a power source

Unlike other “transparent” solar cells this one really is transparent. Researchers at Michigan State University, who  have created a fully transparent solar concentrator, are confident that the transparent solar panels can be efficiently deployed in a wide range of settings, from “tall buildings with lots of windows or any kind of mobile device that demands high aesthetic quality like a phone or e-reader. Previous transparent solar cells have actually only been partially transparent — and, to add insult to injury, they usually they cast a colorful shadow too. To get around this limitation, the Michigan State researchers use a slightly different technique for gathering sunlight. Instead of trying to create a transparent photovoltaic cell (which is nigh impossible), they use a transparent luminescent solar concentrator (TLSC). Michigan’s TLSC currently has an efficiency of around 1%, but they think 5% should be possible. Non-transparent luminescent concentrators (which bathe the room in colorful light) max out at around 7%. Read more at http://www.extremetech.com