Bloomberg New Energy Finance expects photovoltaic investments to reach USD 3.4 trillion by 2040
Published
The New Energy Outlook 2016 (NEO) from Bloomberg New Energy Finance (BNEF) assumes significantly lower prices for coal and gas than the forecast from the previous year. However, BNEF now also expects greater cost reductions for solar and wind energy. According to NEO 2016, the levelised cost of energy (LCOE) of photovoltaic systems will fall by 60 % by 2040.
This would make photovoltaics and wind energy the most cost-effective way of generating electricity in many countries in the 2020s and in almost all parts of the world in the 2030s.
The study predicts investments of USD 3.4 trillion by 2040 for PV power plants, rooftop systems and other small-scale solar power systems.
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The current share of green electricity should not hide the fact that this federal government is blocking the energy transition at every turn. Take wind energy, for example: the government keeps delaying the additional tenders. Therefore, a massive slump is imminent in the next two years. This means job losses in a key industry of the future and a stagnating development in the share of wind power.
Take solar power, for example: no sooner has the solar power market picked up again after years of lull than the German government wants to massively cut the market premium for many installations. This emerges from the current draft bill for the Energy Collection Act. In doing so, the government would stall the positive development again. The cap of 52 gigawatts for solar power is also to remain in place.
Even if the government only wants to achieve its own targets, which are far too low, it must double the current production of green electricity by 2030. The course must be set for this now. But instead of finally accelerating the expansion of green electricity, the black-red coalition wants to continue to slow down, cap and delay. Not to mention transport and buildings, where the energy transition is not making any progress at all. In this way, the government continues to torpedo the urgently needed climate protection.
PM BÜNDNIS 90/DIE GRÜNEN in the German Bundestag of 2.11.2018
Conceptual procedures are increasingly establishing themselves as a further instrument of municipal land policy for locations with development potential. Here, the property is not allocated according to the highest price, but according to the concept that promises the most sustainable approaches to the further development of the neighbourhood. In this way, the procedures offer municipalities approaches to solving two current and urgent problems: the need for high-quality urban development and affordable housing.
The publication on the General Departmental Research project "Baukultur für das Quartier. Process culture through concept awarding" examined the question of the extent to which building culture in the neighbourhood can be influenced and improved through concept procedures in a broader sense. On the basis of eleven best-practice examples, the spectrum of concept awarding as part of municipal real estate policy was examined: Which procedures are suitable for achieving building culture objectives? Which framework conditions were successful? Which variants and approaches are available? As a result, recommendations for action have emerged that show how concept procedures can lead to a high level of building culture quality, for example through low entry thresholds, appraisal by an expert committee and quality assurance. The publication offers the first nationwide overview of this procedure, which is still largely unused, and provides important information on how building culture, affordable housing and qualitative urban development can go hand in hand.
12/2013: Specialist advice on timber construction
The specialist timber construction advice service of the INFORMATIONSDIENST HOLZ provides individual and company-neutral assistance in planning and building with timber - from fundamental questions in building design to details in execution. These can be technical properties of building products, building law issues, design and structural issues or building physics contexts.
Architects and engineers, public and private building decision-makers, students and teachers as well as media representatives can obtain qualified and unbureaucratic information from experts whose knowledge is up to date.
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12/2013: Specialist advice on timber construction
