Renewable energy

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April 10, 2026

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April 10, 2026

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"In 2006, I hosted a dinner after a screening of An Inconvenient Truth, former vice president Al Gore's seminal documentary on the climate crisis. We went around the table for everyone's reaction to the film's urgent message. When it came to my fifteen-year-old daughter, Mary, she declared with her typical candor: "I'm scared, and I'm angry." Then she added, "Dad, your generation created this problem. You better fix it." . . . As a venture capitalist, my job is to find big opportunities, target big challenges, and invest in big solutions. I was best known for backing companies like Google and Amazon early on. But the environmental crisis dwarfed any challenge I'd ever seen. . . . Eugene Kleiner, the late cofounder of Kleiner Perkins . . . left behind a set of twelve laws that [included the following:] There is a time when panic is the appropriate response. That time had come. . . . My partners and I made climate a top priority. We got serious about investing in clean and sustainable technologies . . . . Our climate investments were [slow] out of the gate, and many of them failed. . . . But with patience and persistence [by 2019] our surviving cleantech investments began to hit one home run after the next. [However, we currently] have no time for a victory lap. . . . Atmospheric carbon already exceeds the upper limit for climate stability. . . . The effects of runaway global warming are already plain to see: devastating hurricanes, biblical flooding, uncontrollable wildfires, killer heat waves, and extreme droughts. . . . I must warn you up front: we're not cutting emissions fast enough to outrun the damage on our doorstep. I said this in 2007, and I say it again today: what we're doing is not nearly enough. Unless we course correct with urgent speed and at a massive scale, we'll be staring at a doomsday scenario. The melting polar ice caps will drown coastal cities. Failed crops will lead to widespread famine. By midcentury, a billion souls worldwide could be climate refugees. . . . Fortunately, we have a powerful ally in this fight: innovation. Over the past fifteen years, prices for solar and wind power have plunged 90 percent. . . . Batteries are expanding the range of electrified vehicles at an ever lower cost. Greater energy efficiency has sharply reduced greenhouse gas emissions. . . . While a good many solutions are in hand, their deployment is nowhere near where it needs to be. We'll need massive investment and robust policy to make these innovations more affordable. We need to scale the ones we have - immediately - and invent the ones we still need. In short, we need both the now and the new."

- Renewable energy

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"Climate change and biodiversity loss . . . pose an even greater existential threat [than the COVID-19 pandemic], to the extent that we have to put ourselves on what might be called a war-like footing. . . . Putting a value on carbon . . . [is] absolutely critical. . . . [W]e need a vast military style campaign to marshall the strength of the global private sector[, which has] trillions at its disposal . . . . [E]ach sector needs a clear strategy to speed up the process of getting innovations to market [and we] need to align private investment behind these industry strategies. . . . If we can develop a pipeline of many more sustainable and "bankable" projects, at a sufficient scale, it will attract greater investment. . . . CEOs and institutional investors have told me that alongside the promises countries have made, their nationally determined contributions, they need clear market signals, agreed globally, so that they have the confidence to invest without the goal posts suddenly moving. . . . [[w:Charles, Prince of Wales#Natural environment|[W]e are working]] to drive trillions of dollars in support of transition across ten of the most emitting and polluting industries [including] energy, agriculture, transportation, health systems and fashion. . . . I can only urge you, as the world’s decision-makers, to find practical ways of overcoming differences so we can all . . . rescue this precious planet and save the threatened future of our young people."

- Renewable energy

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"India is pioneering a new model of economic development that could avoid the carbon-intensive approaches that many countries have pursued in the past - and provide a blueprint for other developing economies. . . . {India's} economic growth has been among the highest in the world over the past two decades {as coal} and oil have so far served as bedrocks of India’s industrial growth and modernisation . . . . India’s annual CO2 emissions have risen to become the third highest in the world {but} India’s CO2 emissions per person put it near the bottom of the world’s emitters . . . India’s sheer size and its huge scope for growth means that its energy demand is set to grow by more than that of any other country in the coming decades. . . . {T}he good news is that the clean energy transition in India is already well underway. . . . Subsidies for petrol and diesel were removed in the early 2010s, and subsidies for electric vehicles were introduced in 2019. . . . {The country is} laying the groundwork to scale up important emerging technologies such as hydrogen, battery storage, and low-carbon steel, cement and fertilisers. . . . A transition to clean energy is a huge economic opportunity {but support} from the international community is essential to help shift India’s development onto a low-carbon path {and} access of low cost long term capital is key to achieve net zero. . . . India aims to become a global hub for green hydrogen production and exports. . . . As a large developing economy with over 1.3 billion people, India’s climate adaptation and mitigation ambitions are not just transformational for India but for the entire planet."

- Renewable energy

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"The global energy crisis is driving a sharp acceleration in installations of renewable power, with total capacity growth worldwide set to almost double in the next five years, overtaking coal as the largest source of electricity generation along the way and helping keep alive the possibility of limiting global warming to 1.5 °C . . . . Global renewable power capacity is now expected to grow by 2,400 gigawatts (GW) over the 2022-2027 period, an amount equal to the entire power capacity of China today, according to Renewables 2022, the latest edition of the IEA {International Energy Agency}’s annual report on the sector. . . . The amount of renewable power capacity added in Europe in the 2022-27 period is forecast to be twice as high as in the previous five-year period, driven by a combination of energy security concerns and climate ambitions. . . . Beyond Europe, the upward revision in renewable power growth for the next five years is also driven by China, the United States and India, which are all implementing policies and introducing regulatory and market reforms more quickly than previously planned to combat the energy crisis. . . . China is expected to account for almost half of new global renewable power capacity additions over the 2022-2027 period. Meanwhile, the US Inflation Reduction Act has provided new support and long-term visibility for the expansion of renewables in the United States. . . . Utility-scale solar PV [photovoltaics] and onshore wind are the cheapest options for new electricity generation in a significant majority of countries worldwide. Global solar PV capacity is set to almost triple over the 2022-2027 period, surpassing coal and becoming the largest source of power capacity in the world. The report also forecasts an acceleration of installations of solar panels on residential and commercial rooftops . . . . Global wind capacity almost doubles in the forecast period, with offshore projects accounting for one-fifth of the growth. Together, wind and solar will account for over 90% of the renewable power capacity that is added over the next five years. . . . While China remains the dominant player [in photovoltaic supply chains], its share in global manufacturing capacity could decrease from 90% today to 75% by 2027. . . . Total global biofuel demand is set to expand by 22% over the 2022-2027 period. . . . In advanced economies . . . faster growth [in renewable power capacity] would require various regulatory and permitting challenges to be tackled and a more rapid penetration of renewable electricity in the heating and transport sectors. In emerging and developing economies, [faster growth] would mean addressing policy and regulatory uncertainties, weak grid infrastructure and a lack of access to affordable financing that are hampering new projects. . . . Worldwide, the accelerated case requires efforts to resolve supply chain issues, expand grids and deploy more flexibility resources to securely manage larger shares of variable renewables. The accelerated case’s faster renewables growth would move the world closer to a pathway consistent with reaching net zero emissions by 2050, which offers an even chance of limiting global warming to 1.5 °C."

- Renewable energy

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