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Clean energy policies and initiatives
Clean energy policies and initiatives are crucial components of global efforts to combat climate change, reduce carbon emissions, and transition to more sustainable and renewable energy sources. Governments, organizations, and individuals are taking steps to promote clean energy adoption and drive the transformation of the energy sector.
Sources with Information:
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IEA - World Energy Investment 2023: The year 2023 witnesses a significant shift in energy investment, with clean energy surpassing fossil fuels in growth. Clean energy investment experiences a 24% rise, while fossil fuel investment increases by 15%. This shift is attributed to economic factors, supportive policies, and climate goals. Global investment of around $2.8 trillion includes $1.7 trillion invested in clean energy sectors such as renewables, storage, grids, and low-emission fuels. However, challenges like weak grids and varying solar and wind investments contribute to disparities in global clean energy growth.[1]
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Euronews - Positive Environmental Stories: A 2023 Roundup: The year 2023 marks a period of positive environmental stories, reflecting efforts to address climate change and promote sustainability. These stories encompass a wide range of topics, including renewable energy advancements, conservation initiatives, innovative green projects, and successful climate policies. Examples include advancements in renewable energy sources, reduction in deforestation, increased electric vehicle adoption, and positive conservation outcomes.2]
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Forbes - 2023 Energy Predictions: Experts predict significant developments in the clean energy sector for 2023. The IRA (Infrastructure Resilience Accelerator) is expected to play a key role in promoting clean energy adoption by allocating funds for renewables, energy storage, electric vehicles, and hydrogen projects. Transferable tax credits are set to support various initiatives, including community solar projects and low-income programs. Moreover, electric truck electrification is anticipated to accelerate, aided by policy changes, ESG considerations, and increased funding. Additionally, battery demand is expected to grow despite cost challenges, influenced by research and development, supply chain disruptions, and growing capacity.[3]
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A Made-in-Canada Plan: Affordable Energy, Good Jobs, and a Growing Clean Economy: Canada's Budget 2023 outlines a comprehensive plan for building an affordable and thriving clean economy. The budget prioritizes investments in clean electricity, job creation, and economic growth. Measures include the expansion of the CCUS Investment Tax Credit, promoting geothermal systems, and advancing clean electricity infrastructure. The budget introduces the Canada Growth Fund to attract private capital for clean projects, supports clean technology initiatives, and emphasizes labor requirements for tax credits to ensure fair wages and apprenticeships. The government aims to achieve a resilient clean economy and address climate goals through a range of policies and investments.[5]
