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Five Energy Stories Worth Reading Today (12/12/14)

Posted By Lowell F. on December 12th, 2014

Here are five recommended reads for today (12/12/14).

  1. Greentech Media has “The One Chart That Shows Why 2014 Was a Breakthrough Year for Utility-Scale Solar in America.”
  2. Reuters reports, “Whatever the global climate agreement reached next year in Paris looks like, the private sector will need to dramatically step up efforts to cut global carbon emissions, negotiators and analysts said at U.N. climate talks in Lima Thursday.”
  3. According to Clean Technica, “The UK Government has granted approval for the development of Hornsea Project One, a 1.2 GW offshore wind farm to be located in the North Sea which will be the first in a possible 4 GW offshore wind farm zone.”
  4. Politico reports, “The Nebraska Supreme Court could rule as soon as Friday on a legal challenge to Keystone XL’s proposed route through the state, potentially putting the issue back in the hands of President Barack Obama.”
  5. At Grist, David Roberts makes the case that “Wind and solar are much less financially risky than other power projects.”
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Sec. of State John Kerry: “Make a transition towards clean energy the only policy that you’ll accept”

Posted By Lowell F. on December 12th, 2014

The following excerpt from Secretary of State John Kerry’s speech yesterday at the climate talks in Lima, Peru, explains very well that dealing with climate change is a “win-win” situation — maintaining a habitable planet while stimulating enormous economic growth by switching from dirty to clean energy. As Secretary Kerry put it, it’s time to “make a transition towards clean energy the only policy that you’ll accept.” We couldn’t agree more.

In economic terms – bottom line, in economic terms, this is not a choice between bad and worse, not at all. This is a choice between growing or shrinking your economy. And what we don’t hear enough of is the most important news of all, that climate change presents one of the greatest economic opportunities of all time on earth.

I said earlier that the solution to climate change is as clear as the problem. It’s here. The solution is energy policy. Well, let’s take a look at that.

The global energy market of the future is poised to be the largest market the world has ever known. The market which grew the United States of America during the 1990s, when we had unprecedented wealth creation – more wealth creation in America in the 1990s than in the 1920s, when we had no income tax and you’ve heard of the names of Rockefeller and Carnegie and Mellon and so forth – more was created in the 1990s. Every quintile of our income earners went up in their income. Guess what? It was a $1 trillion market with one billion users. It was the computer, high-tech mobile device.

The energy market today is a $6 trillion dollar market with 4 to 5 billion users today, and it’s going to go up to that 9 billion users. By comparison, if you looked at the differential, this is an opportunity to put millions of people to work building the infrastructure, doing the transition, and pulling us back from this brink.

Between now and 2035, investment in the energy sector is expected to reach nearly $17 trillion. And that’s without us giving some of the price signals that we ought to be giving to the marketplace to make this transition. That’s more than the entire GDP of China and India combined. Imagine the opportunities for clean energy innovation. Imagine the businesses that could be launched, the jobs that’d be created, in every corner of the globe.

The only question is are we going to do it fast enough to make the difference. The technology is out there. Make no mistake, it’s out there now. None of this is beyond our capacity… Make a transition towards clean energy the only policy that you’ll accept

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Five Energy Stories Worth Reading Today (12/11/14)

Posted By Lowell F. on December 11th, 2014

Here are five recommended reads for today (12/11/14).

  1. Climate Progress reports, “Eleven United States Senators think the new federal rule cutting the nation’s carbon emissions could go even further.”
  2. According to Bloomberg, “As the U.S. moves closer and closer to energy independence, greater fuel efficiency, changing demographics and an increase in renewables are altering the dynamic that in the past would have seen demand for gasoline climbing.”
  3. The BBC reports, “Catholic bishops from around the world are calling for an end to fossil fuel use and increased efforts to secure a global climate treaty.”
  4. Robert McCartney of the Washington Post argues: “Then there’s the question of why any government body should be subsidizing the development of natural gas. It’s a mature industry enjoying a boom in growth. Scarce public dollars ought to go to promote non-fossil, alternative energy sources, which don’t contribute to climate change.”
  5. Greentech Media reports, “Early-stage investments in off-grid solar companies operating in developing countries reached $63.9 million in 2014, according to a tally from Greentech Media.
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Five Energy Stories Worth Reading Today (12/10/14)

Posted By Lowell F. on December 10th, 2014

Here are five recommended reads for today (12/10/14).

  1. Media Matters reports “that newspapers provided one-sided coverage of the issue and seldom mentioned the coal industry’s negative environmental and health impacts or its efforts to fight regulations.”
  2. Oil Change International asks, “Exxon’s Outlook: Forecast or Fantasy?”
  3. Greentech Media has “10 Slides That Show the Complex Future and ‘Tipping Point’ of US Solar.”
  4. According to RenewEconomy, “US electric vehicle maker Tesla presented the keys to the first eight owners of the Model S car in Australia on Tuesday, and announced details of its first super-charged network along the east coast of the country.”
  5. The New York Times reports, “Diplomats from 196 countries are closing in on the framework of a potentially historic deal that would for the first time commit every nation in the world to cutting its planet-warming fossil fuel emissions — but would still not be enough to stop the early impacts of global warming.”
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Five Energy Stories Worth Reading Today (12/9/14)

Posted By Lowell F. on December 9th, 2014

Here are five recommended reads for today (12/9/14).

  1. Bloomberg reports: “Oilfield contractors hired to drill wells and fracture rock to raise crude and natural gas to the surface will have to lower prices by as much as 20 percent to help keep their cash-strapped customers working. Ultimately, that could carve out more than $3 billion from the 2015 earnings outlined by analysts for the world’s four biggest oil-service companies — Schlumberger Ltd. (SLB), Halliburton Co. (HAL), Baker Hughes Inc. and Weatherford International Plc. (WFT)”
  2. At Grist, David Roberts writes: “Peabody has hit on a novel strategy: It is trying to position itself as a savior of the global poor. In its Advanced Energy for Life PR campaign, it claims that coal is the only thing that can fuel economic growth and reduce energy poverty. The implied corollary: Any country that tries to restrict the use, import, or export of coal is basically killing poor children.”
  3. The Washington Post reports, “President Obama spoke in dismissive terms of the Keystone XL pipelineMonday during an interview on “The Colbert Report Monday saying its modest benefits need to be weighed against its contribution to climate change, ‘which could be disastrous.’”
  4. According to the U.S. Energy Information Administration: “As more solar and wind electric generating capacity is added in California, the California Independent System Operator (CAISO), the electric grid operator for most of the state, is facing an increasingly different net load shape. Net load—the total electric demand in the system minus wind and solar generation—represents the demand that CAISO must meet with other, dispatchable sources such as natural gas, hydropower, and imported electricity from outside the system.”
  5. Greentech Media reports, “This U.S. solar market continued its strong growth in Q3, installing 1,354 megawatts* of solar photovoltaics in Q3 2014, up 41 percent over the same period last year.”
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