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$30 billion spent on alternative energy development

Publish date: November 25, 2005

According to the Worldwatch organization, the total world investment in renewable energy development was $30 billion dollars for 2004.

The Worldwatch report “Renewable energy 2005” states that “green energy” installations produce 160 GW of electricity, which equals 4 percent of total world energy production”.


According to the organization’s experts, the quantity of alternative energy projects has rapidly increased in recent years. At least 48 countries (including 14 developing countries) have some kind of federal programme for renewable energy systems development. The majority of such countries expect green energy to supply about 30 percent of energy by 2012, Gazeta reported.


China is becoming one of the leading countries in clean energy development, following experience of Germany, the United States, Spain and Japan. China plans to increase clean energy production on 10 percent by 2012.

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6th meeting of the Carbon Removal Expert Group summary and feedback 

The Carbon Removal Certification Framework (CRCF) has been formally approved by the Council on the 19th of November 2024 and entered into force on the 9th of December 2024, providing an official mandate for the Commission to develop methodologies on carbon farming and carbon removals. However, the technical documents and specifications are still being drafted and revised for input from the Carbon Removals Expert Group (CREG), of which Bellona is a member. 

Photo: Christening of Northern Lights’ first CO₂ carrier in Stavanger in 2025, by Olav Øye

A great leap towards a scaled European market for CCS: Northern Lights expands storage capacity, will store CO₂ from Stockholm  

Europe’s only multi-source, injection-ready CO₂ storage site will more than triple its capacity by 2028. The decision follows an agreement with Stockholm Exergi to transport and store up to 800 – 900 kilotonnes of CO₂ per year. “This decision is years in the making, and the culmination of decades of hard work from many, Bellona included” says Bellona Europa Director Jonas Helseth.

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