net zero

The world will need to build five to six times as much solar and wind power per year as in 2019 if a carbon-zero economy is to be reached by the middle of the century, a study has said.

Aided by falling production costs and policies encouraging a shift to green energy, renewables’ share of the global energy mix could soar from 5% in 2018 to almost 60% by 2050, BP has said in its latest energy outlook.

The US federal government must use every tool available, and do so at an unprecedented scale, if it is to sufficiently tackle the climate crisis and stimulate a clean economy.

BP has set its sights on amassing a 50GW renewables portfolio by 2030 as it lays out its strategy to become a net zero company.

Energy giant BP has signed a memorandum of understanding (MoU) with JinkoSolar’s development and operations arm JinkoPower Technology to target China’s sizeable C&I power market.

Retail giant Amazon has unveiled plans for five further utility-scale solar plants, including its first in China.

US-based utility Duke Energy intends to double its renewables capacity to 16GW in the next five years.

Oil and gas major Shell is to ramp up its renewable energies division in order to decarbonise its operations and strive towards a net-zero-by-2050 target.

The latest episode of the Solar Media Podcast sees Liam Stoker and Andy Colthorpe discuss how the clean energy economy is responding to Covid-19 while Andy reports from PV Expo in Tokyo, which itself felt the effects of the virus outbreak.

Miner will spend US$1 billion on "climate-related" projects over the next five years in order to reach a 15% reduction of emissions by 2030 and "net-zero" emissions by 2050.