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Fix the EU Emissions Trading System, And Carbon Markets Can Be Serious Business

What do the following have in common: New Zealand, South Korea, Switzerland, Kazakhstan, Quebec, Alberta, Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New York, Rhode Island, Vermont, California, Beijing, Guangdong, Hubei, Shanghai, Shenzhen, Chongqing, Tianjin, Tokyo, Kyoto, Saitama and 28 countries in Europe?




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Investors Spent a Record $2 Trillion on Renewables, Report Says

Investors have spent more than $2 trillion on clean-energy plants in the past decade and last year added more renewable capacity than ever before.




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US Climate Commitment Should Spur Other Countries to Act

The proposed U.S. commitment to tackling climate change in support of a new international climate agreement is a serious and achievable plan that demonstrates the United States is ready to take significant action. Coming today, eight months before the UNFCCC Conference of the Parties in Paris this December, known as COP 21, the U.S. submission adds momentum toglobal climate negotiations and should help spur other countries to act.




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Yale Students Cited at Fossil Fuel-Divestment Protest

Yale University police cited 19 students after they staged a sit-in outside President Peter Salovey’s office to push for divestment from fossil-fuel companies.




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Clean Energy Spending Drops 15 Percent to Reach Lowest Level Since 2013

Global investment in clean energy slumped 15 percent in the first quarter to the lowest level in two years because of a decline in wind and utility-scale projects.




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Listen Up: Can We Get To 100 Percent Renewables?

We've made great progress with renewable energy — but from an almost zero base we still have a long way to go. Fortunately, the path is clear. California is already over 12 percent with a combination of hydroelectric, wind and solar (unfortunately not much hydro this year). Getting to 50 percent only requires the deployment of existing technology. But can we get to 100 percent?




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Australian Clean Energy Deadlock Spurs Companies to Focus Abroad

Political deadlock over Australia’s clean energy future is prompting companies such as Vestas Wind Systems A/S and Acciona SA to increasingly turn to rival markets for growth.




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Marine Energy Sector Continues Growing Worldwide, Despite Economic Setbacks

A report released recently by the International Energy Agency's Ocean Energy Systems shows that the marine and hydrokinetic sector moved closer to commercial viability through 2014.





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Brazil to Offer Ambitious Climate Plan With More Renewables

Brazil will increase the use of renewable energy, target zero net deforestation and push for low-carbon agriculture as part of its climate proposal, Environment Minister Izabella Teixeira said in an interview.




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Australia’s Biggest Power Producer Sees Future without Coal

Australia’s largest electricity producer committed to close its coal-fired power plants within 35 years as part of an effort to cut the nation’s dependence on the fossil fuel.




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Experts Agree: We Can Preserve Electric Reliability and Protect Public Health Under Clean Power Plan

Last June, the Environmental Protection Agency (EPA) proposed the first ever national carbon pollution standards for existing power plants. Fossil fuel-fired power plants account for almost 40% of U.S. carbon dioxide emissions, making them the largest source of greenhouse gas emissions in the nation and one of the single largest categories of greenhouse gas sources in the world.




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Renewables Account for 75 Percent of New US Generating Capacity in First Quarter of 2015

According to the latest "Energy Infrastructure Update" report from the Federal Energy Regulatory Commission's (FERC) Office of Energy Projects, wind, solar, geothermal, and hydropower combined provided over 75 percent (75.43 percent) of the 1,229 megawatts (MW) of new U.S. electrical generating capacity placed into service during the first quarter of 2015. The balance (302 MW) was provided by natural gas.




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Japan Anticipates Clean Energy Will Edge Out Nuclear Power

Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants.




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New World Bank Report: Chinese Clean-tech SMEs Embrace Opportunities

The World Bank indicated in its new report "Building Competitive Green Industries: The Climate and Clean Technology Opportunity for Developing Countries" that small and medium-sized enterprises (SMEs) in developing countries are set to undergo significant growth and create more jobs in the field of clean technology. Anabel Gonzalez, senior director for the World Bank's Global Practice on Trade and Competitiveness, said developing home-grown clean-tech industries will help developing countries more effectively increase the adoption of low-cost clean energy and drive sustainable economic development.




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Engineering Possibilities Versus Practical Implementation: Utility Portfolios and Business Models

Europe’s utilities are re-evaluating their business models due to the energy transition. Members of POWER-GEN Europe’s Advisory Board consider how a reliance on fossil fuels is no longer politically desirable, forcing utilities to transform their portfolios to adapt to radical change.




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Why Fracking May Support Renewables

Hydraulic fracturing, or fracking, is shunned by the environmentalists that laud renewable energy sources. However, by not supporting both initiatives, they may be working at cross purposes. Natural gas, booming largely because of fracking, complements renewable energies on the grid. The two seemingly opposite technologies are, for the moment, inextricably linked.




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Summers’ Law Strikes Again

Lawrence Summers famously wrote, “there are idiots, look around” in an attack on the theory that markets are rational. What some have called “Summers’ Law” certainly applies to the markets’ response to the slide in the price of oil as it relates to stocks of renewable energy companies.




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The New Normal? Renewables, Efficiency, And “Too Much Electricity”

Just over a decade ago, the state of California faced serious concerns about whether its utilities could generate and/or buy enough power to assure that the world’s seventh-largest economy could keep the lights on. The infamous California energy crisis, which affected several other western states as well, was a complex tangle of poorly structured deregulation, significant market manipulation (remember Enron?), and other causes. Along with rolling blackouts, California endured an official state of emergency that lasted 34 months, led to the recall and replacement of Gov. Gray Davis, and cost the state and its ratepayers billions of dollars — a cautionary tale for all states of electricity supply unable to meet demand.




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Germany's Powerhouse Feels Pinch of Merkel’s Shift to Renewables

North Rhine-Westphalia, the German state that’s home to utilities RWE AG and EON SE, is losing its standing as the country’s powerhouse as wind and solar energy begin to displace conventional sources.

Electricity consumers in the western state, which has one-third of Germany’s installed conventional power capacity, last year paid 3.1 billion euros ($3.5 billion) more to subsidize clean energy generation than producers there were awarded, the BDEW utility lobby said in a report Tuesday. The biggest recipient was Brandenburg in the east with a positive balance of 838 million euros.

 

 





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What Drives Alternative Energy Stocks?

Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at work driving these markets are complex, counterintuitive, and sometimes mysterious. This article looks at what has been driving the price of alternative energy markets, and as a result, alternative energy company stocks.




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Canada Announces Weak Climate Target

Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in 2009 and significantly higher than the U.S. target. They also announced a series of new measures, but failed to address their largest source of growing emissions — tar sands.




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Global Renewable Energy Employment Surges 18 Percent to 7.7 Million

Ongoing growth in renewable energy investment and deployment is creating jobs worldwide — and lots of them. This job growth is helping governments address a fundamental economic problem plaguing developed and developing countries alike. Deploying renewables rather than fossil fuel capacity is also reducing greenhouse gas (GHG) emissions and other environmental pollution that holds the threat of a sixth great extinction.





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Managing the Risks of Renewable Energy Projects in Developing Countries

Driven by rapid expansion in developing countries, renewables are becoming a significant source of the world’s power.  According to the United Nations Environmental Programme’s (UNEP) 9th “Global Trends in Renewable Energy Investment 2015,” investment in developing countries was up 36 percent in 2014, totaling $131.3 billion.





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EU Raises Concern That UK, France Won't Meet Renewables Goal

The European Commission raised concern that the U.K. and France may not meet their 2020 renewable energy targets, saying the two countries should examine whether they’re doing enough to reach the goals.




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Renewable Energy Responsible for First Ever Carbon Emissions Stabilization

Carbon emissions in 2014 remained at the previous year’s levels of 32.3 billion metric tons — a milestone that points to the impact worldwide renewable energy investment is having in the face of a 1.5 percent annual increase in global energy consumption, according to a new report from REN21. The tenth annual Renewables 2015 Global Status Report cites “increased penetration of renewable energy” and improvements in energy efficiency as the chief reasons for the noted emissions stabilization.




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Where Coal Was King, Pope's Climate Warning Faces a Tricky Sell

In West Virginia, where workers have harvested coal seams for centuries, Pope Francis’ new warning about the risks of fossil fuels will find skepticism even among the faithful.




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Germany Gives Dirtiest Coal Plants Six Years for Phase Out

German Economy Minister Sigmar Gabriel said 13 percent of power stations burning lignite, a cheap form of coal, would be phased out by 2021 under a program to cut power industry pollution. The government abandoned talks on proposals to impose a climate-change fee that the industry said would have forced mines and plants to close, threatening jobs.




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Sandia Lab Program To Assist Small Clean Energy Companies

The U.S. Department of Energy (DOE) chose Sandia National Laboratories as one of five leads in a pilot that will give small, clean-energy companies access to national laboratory expertise and resources. Sandia will receive $2.75 million of DOE’s $20 million investment to launch the voucher pilot for small business assistance and collaborative research.

 




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Climate Talks Nearing Consensus in Behind-the-Scenes Meetings

Publicly, the United Nations climate-change talks look mired in disputes over everything from money to the length of the proposed agreement.




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Some Hope for US Renewable Energy Tax Credits As Extension Bill Passes Committee

In a lopsided 23-3 vote, the U.S. Senate Finance Committee voted yesterday to extend a number of renewable energy production tax credits through the end of 2016. The vote allows developers of wind, geothermal, biomass, landfill gas, incremental hydroelectric, and ocean energy to take advantage of federal tax credits for projects begun before December 31, 2016.

Chief among big renewable winners was the wind energy industry, which received extensions to the Production Tax Credit (PTC) and the Investment Tax Credit (ITC). If passed, wind farms would qualify for a 2.3-cent-per-kilowatt-hour (kWh) credit through the end of 2016.




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Listen Up: Vampires Sucking Power from your House

Here’s a nightmare for you: at night, when you’re asleep and you think things are quiet, there are vampires sucking power out of your house and increasing your electric bill. The fact of the matter is that every plugged in electrical device in your home uses a small amount of standby power -- even if you think these devices are off.




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First U.S. Grid-Connected OTEC Plant Goes Live on Hawaii

Hawaii Governor David Ige on Aug. 21 joined executives from the Office of Ocean Naval Research (ONR), Makai Ocean Engineering and other organizations on-site at the Natural Energy Laboratory of Hawaii Authority (NELHA) in cutting the ribbon and commissioning the first U.S., and world's largest, grid-connected ocean thermal energy conversion (OTEC) power plant.




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Aquatera strengthens marine energy ties in Japan

Scotland-based power and environmental consultant Aquatera Ltd. Has entered into a partnership with the Nagasaki Marine Industry Cluster Promotion Association in an effort to help Japan bolster its marine energy sector through international collaboration.




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NHA announces 2016 Outstanding Stewards of America's Waters Award winners

Five companies were recognized this week by the National Hydropower Association during its annual Waterpower Week in Washington conference for work in hydroelectric power that exemplifies "extraordinary recreational, historical, environmental or educational value."




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Tidal energy company tests prototype in Canadian archipelago, Haida Gwaii

British Columbia-based tidal developer, Yourbrook Energy Systems Ltd., is testing what it calls a prototype of a shallow water tidal-powered generator pump that could one day be used as part of a pumped storage hydroelectric project.
 




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World Bank makes US$390 million loan Pakistan's Tarbela hydroelectric plant extension

The World Bank has approved US$390 million in additional financing to be used by Pakistan's Water and Power Development Authority for extensions of its Tarbela hydroelectric plant.




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U.S.-led Power Africa initiative to invest US$1 billion in Nigeria for energy including hydropower

Power Africa and Trade Africa Coordinator, Andrew Herscowitz, announced on Feb. 14 during the Abuja Electricity Distribution Co.’s two-day Distribution Company Workshop in Abuja, Nigeria, that the U.S. will invest US$1billion in the country through the U.S. Trade and Development Agency (USTDA).




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Marubeni Begins Geothermal Survey in Japanese National Park

Marubeni Corp. began a geothermal survey of Daisetsuzan National Park on the northern island of Hokkaido that will continue through February in the hopes Japan will discover more clean-energy sources.




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US Army Corps Announces Additional Geothermal MATOC Award

The U.S. Army Corps of Engineers – Engineer Support Center, based in Huntsville, Ala., this week announced a new contract for use of geothermal technology as part of the Multiple Award Task Order Contract (MATOC) series for renewable and alternative energy production work orders at Department of Defense (DOD) installations.




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The Sequester and Its Impact on US Government Funding for Renewable Energy Projects

Mandatory spending cuts triggered by the March 1st sequester (automatic spending cuts) in the U.S. are being felt across the renewable energy sector sparking fears that reduced federal investment could curtail research, development and commercialization of new renewable energy technologies.




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Reykjavik Geothermal Agrees to Build 1,000 Megawatts in Ethiopia

Reykjavik Geothermal, the Icelandic company that’s helped build power plants in more than 30 countries, agreed to develop as much as 1,000 megawatts of projects in Ethiopia over the next 10 years.




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The Viability of Germany’s Energiewende: Mark Jacobson Answers 3 Questions

To those in the climate change field the name Mark Z. Jacobson needs no introduction. The director of the Atmosphere and Energy Program at Stanford University is credited with having written the book on computer modeling for atmospheric changes, as well as being a recognized expert in the impacts of energy production and a staunch supporter of renewables.




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Clean Energy Investment Continues Drop in 3Q

Clean-energy investment fell 14 percent in the third quarter from the prior three months as Europe curbed subsidies and cheaper U.S. natural gas lured investment.




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Forty Years Post-Oil Embargo: How Does the Energy Landscape Look?

October 17 marks the 40th anniversary of the start of the 1973 Arab Oil Embargo — an event that arguably launched the United States' ongoing pursuit of a national energy policy.




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Big Corporations Embracing Microgrids: A Threat for Utilities?

Oracle Corp. Chief Executive Officer Larry Ellison plans to build one to power the Hawaiian island he bought last year. EBay Inc. has one to run a data center. The University of California at San Diego and the federal government have invested tens of millions of dollars in the technology.




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More Countries around the Globe Recognizing the Values of Geothermal Power

Walk into any panel discussion at a geothermal power event and you will often hear about barriers hindering geothermal development. In spite of the obstacles, the geothermal industry has grown and adapted to adversity, and it is unfortunate when more attention is not given to geothermal power’s technological accomplishments and the long-term potential. Today, 73 countries across the globe are actively engaged with the geothermal energy sector, showing that more governments, utilities, and industry stakeholders are recognizing the long-term value geothermal power can bring to their power systems.