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A Renewables Revolution Is Toppling the Dominance of Fossil Fuels in U.S. Power

2016-02-05 00:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Renewable energy was the biggest source of new power added to U.S. electricity grids last year as falling prices and government incentives made wind and solar increasingly viable alternatives to fossil fuels. Developers installed 16 gigawatts of clean energy in 2015, or 68 percent of all new capacity, Bloomberg New Energy Finance said in its Sustainable Energy in America Factbook released Thursday with the Business Council for Sustainable Energy. That was the second straight year that clean power...

Tags: us power revolution fossil

Private Sector Must Fund Energy Revolution

2016-02-02 18:41:00| Transmission & Distribution World

Dimitris Tsitsiragos $100 Billion Annual Investment Needed New financial resources for combating climate change. read more

Tags: private energy sector fund

Oil price plunge threatens shale revolution

2016-01-26 19:54:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: Producers of oil and gas from once hard-to-tap shale deposits are now facing the payback of the energy revolution they wrought: ultra-low prices forcing them out of business. This year is expected to be a make-or-break year for US shale producers, after the 70 percent plunge in crude prices, with many at risk of failure. Dozens of shale drillers sought bankruptcy protection in the last year as low oil prices made their operations uncompetitive and they could not pay debts. But many are holding...

Tags: price oil revolution threatens