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IEEFA Update: Developing Countries Are Disproportionately Driving Global Growth in Renewables

Half of All $300 Billion in Activity Is in Emerging Markets

More than half of all renewable investment activity in the world last year occurred in developing countries. And 2015 was no small year for renewables, as new investment set a record US$286 billion and total transactions (including refinancings) exceeded $US380 billion. We’re published a memo this morning — “IEEFA Update: Emerging Markets Lead Global Investment […]

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Europe: ‘Capacity Payments’ Provide a Lifeline to Costly Coal-Fired Generators

Europe: ‘Capacity Payments’ Provide a Lifeline to Costly Coal-Fired Generators

U.K. Case in Point: Subsidies Prop Up Increasingly Unviable Generators 


Call them what you will but “capacity payments” in the European utility industry today are looking more and more like subsidies to prop up a fading industry threatened by the rise of renewables. It’s an expensive arrangement that often rewards decrepit coal- and other fossil-fuel-fired power plants for waiting in the wings—not for generating electricity. […]

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