Clean Energy Investment
Portuguese Oil Firm Becomes Major Solar Player
Portuguese oil company Galp Energia will become one of the biggest players in Europe’s booming Spanish solar market after closing a €2.2 billion ($2.4 billion) deal for the solar assets of Spanish construction firm ACS. The deal includes 900 megawatts of operational assets and a pipeline expected to yield a further 2 gigawatts […]
California 2030 Climate Goals and Huge Cost Savings
California is one giant experiment in combating climate change. The state is trying all sorts of policies to choke off emissions in time to hit a series of ambitious, self-imposed goals. If it is successful, the other 49 states will have a model as they find their way. But California is not on […]
Are Pension Funds in Breach?
Mark McVeigh, a 24-year-old environmental scientist from Australia, won’t be able to access his retirement savings until 2055. But, concerned about what the world may look like then, he’s taking action now, suing his $57 billion pension fund for not adequately disclosing or assessing the impact of climate change on its investments. The […]
Norway Refuses to Drill for Billions of Barrels in Arctic
The largest party in Norway’s parliament has delivered a significant blow to the country’s huge oil industry after withdrawing support for exploratory drilling off the Lofoten islands in the Arctic, which are considered a natural wonder. Read the entire article at The Independent. The move, by the opposition Labour party, creates a large parliamentary […]
Norway’s Giant Oil Fund Diverts Billions into Renewables
Even nations that built their fortunes on fossil fuels are seeing the future is green. Norway’s $1Tn oil fund, the world’s largest sovereign wealth fund, is to plunge billions of dollars into wind and solar power projects. The decision follows Saudi Arabia’s oil fund selling off its last oil and gas assets. Read the entire […]
UK City Declares Climate Emergency
Plymouth City Council declared a “climate emergency” and brought forward its deadline to become carbon neutral by 20 years — from 2050 to 2030. That means emergency plans will now be created to put back to the council within six months. Inevitably that will then be put to the government in a request for funding. […]
GM Buys Michigan Wind Power
General Motors will buy wind power to green its facilities in Michigan, joining rival Ford in bringing renewables to the US auto industry. GM will source 300GWh of wind from Michigan utility DTE, under the latter’s MIGreenPower scheme designed to give corporations a mechanism to procure renewable power to set against their own consumption. Read […]
BP: Renewables Largest Source of Power by 2040
Renewable energy will continue to be the fastest-growing source of energy in the world, penetrating the energy system “more quickly than any fuel in history” to become the largest source of power by 2040, oil and gas supermajor BP said in its annual BP Energy Outlook. Read the entire article at Oil Price. Renewables […]
China’s Belt and Road Initiative is Poised to Transform the Clean Energy Industry
Even as the Trump administration has introduced policies to undermine U.S. renewables, China is making a long term pivot that will transform its expansive energy infrastructure. The largest infrastructure project in history, BRI includes a vast economic “belt” made up of six overland corridors and a new “Maritime Silk Road” linking a chain of seaports […]
Cities Leading the Transition to Renewables
More than 100 cities worldwide get at least 70 percent of their electricity from renewable sources. What can we learn from them? Read the entire article at DW. Cities are responsible for 70 percent of man made CO2 emissions, according to the International Renewable Energy Agency. Cars, heating, cooling and lighting systems work round […]
