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Coal And Gas To Stay Cheap, But Renewables Still Win Race On Costs
2016-06-12 23:09:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Low prices for coal and gas are likely to persist, but will fail to prevent a fundamental transformation of the world electricity system over coming decades towards renewable sources such as wind and solar, and towards balancing options such as batteries. The latest long-term forecast from Bloomberg New Energy Finance, entitled New Energy Outlook 2016, charts a significantly lower track for global coal, gas and oil prices than did the equivalent projection a year ago. Crucially, however, it also...
Coal production plummets to lowest level in 35 years
2016-06-12 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: Coal production in the United States is plummeting to levels not seen since a crippling coal strike 35 years ago, according to a report released by the Energy Department on Friday. The coal industry in recent years has been plagued by bankruptcies as power utilities increasingly moved to replace coal with cheap natural gas and renewable sources, like solar and wind energy. Coal was once the dominant source of the nations electricity generation, but consumption of the fossil fuel has declined...
Tags: years
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Inside one mountain town's struggle to move off coal
2016-06-08 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed
ClimateWire: On a sunny afternoon in this rapidly growing mountain city, craft-beer drinkers line up for a "pubcycle tour" on a 13-person pedal-powered trolley on wheels. They depart just a few blocks from one of Asheville's certified green restaurants that uses solar panels, buys wind-power credits and composts its waste. Within walking distance is an organic furniture store and a vegan restaurant that makes its own kombucha and feeds the homeless for free. In the middle of a red region, Asheville is a...
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Green Conservatives call for earlier UK coal power phase-out
2016-06-07 12:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The UK should close all its coal-fired power stations two years earlier than the governments pledge of 2025, according to green Conservatives including former energy minister Lord Greg Barker. The move would not cause the lights to go out, would cut both carbon emissions and air pollution and would boost cleaner energy projects, according to a report from Bright Blue, a thinktank of Tory modernisers. The report also concludes that if the troubled Hinkley C nuclear plant is cancelled it could...
Tags: power
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earlier
Another Giant Pension Fund Divested From Oil, Coal, And Gas Companies
2016-06-07 01:12:00| Climate Ark Climate Change & Global Warming Newsfeed
ThinkProgress: D.C.`s $6.4 billion city government pension fund has divested from fossil fuels. In September, the District of Columbia pledged to curb its greenhouse gas emissions by 80 percent by 2050. Consistent with that aim, D.C`s Retirement Board has scrubbed its $6.4 billion pension fund of investments in the 200 largest publicly traded coal, oil and gas companies. I applaud the D.C. Retirement Board for doing right by all Washingtonians, said D.C. Council member Charles Allen. In the past, divestment...
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