The cost of freedom is always high… but renewables are cheap

The development of the Clean Energy sector has historically been significantly impacted by previous energy crises. The war in Ukraine and its major impact on energy markets will be no exception. Sadly, it took a tragedy at our doors for us to come to realize that renewables and energy efficiency are not only about climate change, but also about our independence, freedom, and future prosperity.

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IEA’s Net Zero Scenario

A few months ahead of the UN Climate Change Conference (COP26), the International Energy Agency (IEA) has published its global roadmap for limiting global warming to 1.5°C and achieving net zero carbon dioxide emissions by 2050, and the recommended measures are drastic.

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Net zero emission targets and the carbon offset market

December 2020 was the fifth anniversary of the Paris climate accord, marked by a climate summit held in the UK with 70 world leaders. In advance of this milestone, the UK threw down the gauntlet to other countries by elevating their emissions reduction target to 68% by 2030 compared to 1990 levels, 11% higher than the previous target. These targets are considered the second toughest in the world, following only those of Sweden.

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