SAP and SGS are the latest companies to sign a commitment to use 100% renewable electricity. Announced at the World Future Energy Summit in Abu Dhabi earlier this week, the RE100 campaign, which includes the likes of IKEA Group and Nestlé, now has the backing of 15 major international corporations.
Sometimes you have to stand back to see the big picture. After thirty years in the environmental movement in Canada, I am doing just that. I spent much of the past year researching a major report on Canada’s future, and my family and I are currently in Istanbul, four months into a year-long tour of the world.
Increased spending in solar, wind and smart grid technologies drove clean energy investments higher by 16% in 2014 compared to 2013 levels, beating estimates of a 10% jump, according to figures released last week by Bloomberg New Energy Finance (BNEF). Still, the 2014 total of $310 billion is down from the 2011 high of $317.5 billion (all figures are in US dollars).
Investments in solar, including venture capital, private equity, debt and public markets, jumped 175% in 2014 to reach $26.5 billion up from $9.6 billion in 2013, according to Mercom Capital’s annual report on solar sector funding. Global VC investments more than doubled to hit $1.3 billion in 85 deals compared to $612 million in 98 deals (all figures are in US dollars).