Friday, April 8, 2016

WORLD BANK TO AID DEPLOY OF 30GW CLEAN/REN POWERGEN IN DEVELOPING COUNTRIES BY '20.


World Bank also to invest in climate-smart ag for at least 40 countries. And in early-warning systems for extreme weather for 100M folks. To mobilize $25B for commercial finance next 5 yrs.

IFC to expand climate investment from present $2.2B/yr to $3.5B/yr by '20. To also help leverage $13B/yr from private sector.

Banks, investors pledged $8B for clean power.

Climate change threatens to drive 100M more people into poverty globally over next 15 yrs: World Bank exec.

Climate models may overstate clouds' cooling power: research.

Low-income households spend near 10% income on el.

Massachusetts House passed compromise solar power incentive bill. Now to Senate. Raises net meter cap 3% short term. And bills to solar implementers.

Google to provide seed funding for Asia clean power.

Hawaii (HECO) supporting advancements for rooftop solar on island grids.

Solar City (SCTY) another $188M finance for projects.

Costa Rico set pricing for solar net metering.

3 more Nigeria coal power plants shut down, now 10. Blackouts.

Ghana, China comp to build $1.5B, 2Gw coal power plant. China Africa Development Bank funds.

Comp plans $370M investment in biomass power in Chile.

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