As families celebrated Mother’s Day and fathers still hung over from Vatertag — Germany’s Father’s Day celebration — basked in the breezy sunshine, renewable power provided 95 percent of the country’s energy. And most people didn’t notice.
A rocky week for solar stocks is raising questions about the sector’s near-term growth. SolarCity had one of its worst stock collapses in months after reporting disappointing first-quarter results and lower planned solar panel installations for the year.
A governor wants to lead on green energy. The state’s utilities are nervously falling in line. Young entrepreneurs are buzzing, determined to be part of the generation that finally solves climate change. To most ears, that might sound like California, where all those things and more are happening. But it also describes New York.
Oil refiners and gas producers could face higher production costs if countries use a high carbon price to follow through promises made at last year’s global climate summit in Paris, research showed on Thursday. The landmark Paris Agreement was a commitment by nearly 200 countries to cut greenhouse gas emissions from 2020 with the aim of limiting the rise in the global average temperature to less than 2 degrees Celsius.
problem solvers, experts said yesterday. Currently, more than 3.5 billion people live in cities, according to the World Bank. That number is expected to reach 5 billion by 2030, with two-thirds of the global population living in cities.
In 1968, John H. Dales, an obscure Canadian economics professor, came back from a sabbatical determined to end what he felt was an endless and meaningless drama between environmental groups and industry over the problem of pollution. Industries fielded experts who would argue their emissions were necessary for jobs and profits. They reeled off statistics to prove they did little harm to the environment. That was the cue for environmental groups to react with outrage. Some, according to Dales, had become accustomed to simply accusing big business of being evil.
Across the country, large corporations, utilities, and ordinary folks have embraced clean energy – and for very good reasons; but there is still not a lot of love for the transmission needed to bring renewables to the grid. The United States has a long history of building energy infrastructure to better serve our energy needs.
The Bureau of Land Management is advancing a major multistate transmission line project that the Obama administration considers a top priority in its ongoing efforts to develop wind and solar power in the West. BLM announced yesterday it has completed a final environmental impact statement (EIS) for the 416-mile-long Gateway South Transmission Line Project, which is proposed by PacifiCorp’s Rocky Mountain Power and has been under federal review since 2008.
Fresh government support and growing interest from the utility industry is building expectations that wind power will thrive in the U.S. in coming years. Among the latest such assessments is a new report from Fitch Ratings, which sees the industry steadily expanding its share of the nation’s electricity market. “We see this environment remaining very positive for wind power for the next three to four years,” said Maude Tremblay, director of corporate finance at Fitch, an author of the report.
Dong Energy, the Danish utility and the world’s largest offshore wind energy operator, said on Thursday that it planned to list its shares in an initial public offering in Copenhagen. The company first announced plans to pursue an I.P.O. in September after a review.