President Donald Trump’s full-throated support for fossil fuel production and his climate change denial have raised concerns about the future of renewable energy projects in America, but some investors believe the president cannot hold back solar and wind energy deployment — or alternative energy stocks. Those investors say goals adopted by more than half of U.S. states are what’s driving growth in renewable energy projects, and Trump will have little effect on these efforts. They also note that more corporations are pledging to draw power from renewable sources, and lawmakers on both sides of the aisle last month renewed subsidies for solar and wind energy firms
President Donald Trump’s vow to pull back from climate-change efforts endangers one of the few areas where China and the U.S. have seen eye-to-eye, exacerbating tensions as he takes on more contentious subjects. “There is a long history of countries that struggle to get along, using the subject of the environment to continue talking and build good will,” said David Victor, co-chair of the Brookings Institution’s foreign policy, energy security and climate initiative. “This is the equivalent of fathers and sons talking about spor
U.K. offshore wind power is on target to become the cheapest source of large-scale clean energy, surpassing the government-mandated price target four years early. The levelized cost of energy for offshore wind — a benchmark measuring affordability over the lifetime of generation assets — dropped below 100 pounds ($125) a megawatt-hour in 2016, according to a report published Tuesday by the the U.K.’s Offshore Wind Programme Board, a group that includes industry and government representatives. The goal had been to pass the 100-pound threshold by 2020.
Environmentalists, union officials and others popped champagne Wednesday after a New York utility approved plans for a modest wind energy farm off the east coast of Long Island. The project won’t generate much power — just 90 megawatts from 15 turbines when it opens in 2022 — but supporters hope it will help prove the feasibility of larger offshore wind farms.
Seeking to meet growing electric demand in the Hamptons with renewable energy, the Long Island Power Authority approved the nation’s largest offshore wind farm on Wednesday, set for the waters between the eastern tip of Long Island and Martha’s Vineyard. The farm, with as many as 15 turbines capable of powering 50,000 average homes over all, is the first of several planned by the developer, Deepwater Wind. It will be in a 256-square-mile parcel, with room for as many as 200 turbines, that the company is leasing from the federal government
As President Donald Trump prepares to boost fossil fuel production, a Pew Research Center poll finds that 65 percent of Americans would rather the U.S. focus on developing clean energy. The new poll, released Monday, shows that 27 percent said fossil fuels should be a priority, compared with 65 percent who favored renewable energy. Public support for renewable fuels has risen 5 percentage points since 2014, Pew said, with 81 percent of Democrats and 45 percent of Republicans now backing it as a priority. Among those aged 18 to 49, 73 percent favored renewables, compared with half of those over 50.
When the first few residents of this village in the Ngong hills installed solar panels, nearly a decade ago, the only aim was to power their own homes, as their town had no connection to the national power grid. But today the community, south of Nairobi in the Rift Valley, is buzzing with solar and wind energy.
German utility E.ON, which owns billions of euros worth of wind parks in the United States, said global efforts to tackle climate change were suffering serious setbacks, singling out the election of Donald Trump as a key obstacle. “President Trump has clearly distanced himself from climate protection during his election campaign: for him it does not appear to be much more than a disguised attack by the Chinese on American jobs,” E.ON Chief Executive Johannes Teyssen said.
Denmark’s minister in charge of energy policy plans to head to the U.S. this year to talk to state representatives in an effort to promote wind energy despite open declarations of hostility toward the technology from President Donald Trump. Lars Christian Lilleholt, energy minister in Denmark’s minority center-right coalition led by Prime Minister Lars Lokke Rasmussen, plans to travel to the U.S. to do the same and will count on state legislatures to see the potential of the energy form, irrespective of signals from Washington D.C.
The Trump administration has instructed officials at the Environmental Protection Agency to freeze its grants and contracts, a move that could affect everything from state-led climate research to localized efforts to improve air and water quality to environmental justice projects aimed at helping poor communities. An email went out to employees in the agency’s Office of Acquisition Management within hours of President Trump’s swearing-in on Friday.