United Kingdom, Solar energy
Crowdfunding boosts green power EU Green Week is urging us to think about the environment, as governments face pressure to boost renewable energy sources. With state subsidies falling, crowdfunding platforms are increasingly stepping in to help make green power projects a reality.
Green energy and politics: crowdfunding to the rescue? The Paris climate change pact , which entered into force last year, was announced with a huge fanfare. The deal aims to limit the rise in average global temperatures to “well below” two degrees Celsius, compared to pre-industrial levels.
Crossing borders to crowdfund renewables Renewable energy crowdfunding involves three different parties: the fundraising platform, the investors who generally expect a return, and project developers needing money. They may come from different nations .
Crowdfunding a renewable future Part of the issue with small-scale, home-based renewable energy systems is that initial setup costs can be high. This puts such installations out of reach for some sectors of society, even if they could benefit financial in the long run with lower household bills.
Smart grid: A grid suitable for renewable energy Traditionally our electricity grids were designed to move power from large nuclear and fossil fuel power plants to consumers, but renewable energy will see changes to allow smaller power generation from wind and solar to be hooked up to the grid.