Storage seen as key in COP21 talks

COP21 2015: We analyse what participants at the Paris Climate Conference are saying about climate change and energy storage, and how it will affect global industry investment. Photo credit: COP21

COP21 2015: We analyse what participants at the Paris Climate Conference are saying about climate change and energy storage, and how it will affect global industry investment. Photo credit: COP21

By Jason Deign

Energy storage looks set to benefit from increased funding worldwide if leaders make good on pledges at the 21st Conference of Parties (COP21) this week.

Up to USD$30 trillion in investment could be freed up to fight climate change in what has been hailed as the “end of the fossil era.”

The money would be needed to improve renewable energy penetration to reach the Intended Nationally Determined Contributions (INDCs) being presented at COP21.

An initial $20bn or so in funding for renewable energy innovation, including storage, was announced on Monday when the Breakthrough Energy Coalition, a group of 30 or so major investors, joined the fight against climate change.

Elsewhere, energy storage was specifically cited as an investment target for “tens of billions of dollars” by White House sources at the COP21 talks in Paris.
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The “C” word in US politics

Did you count the number of times the “c” word was used in the presidential debates? By some accounts, it was just twice, and once only as a put-down to goad the incumbent president. Yes, the subject of climate change has been about as popular as corporate funding in the battle for the planet’s top job, which concludes today.

Is it not amazing that in the aftermath of “frankenstorm” Sandy, the Democrats can only talk about green job creation and the Republicans throw scorn at the whole idea of man-made climate change? Whilst it would be unscientific to blame a single event on anthropogenic global warming, should not Sandy at least serve as an illustration of the direction in which the weather could be heading if we do not reduce our dependence on fossil fuels?

Apparently, the answer from the brave men who aspire to run America is “no comment.”