Residents weep with relief as council rejects Sussex fracking site.

July 22, 2014 Gas, Oil 

West Sussex Gazette: “Villagers wept with relief as plans for exploratory drilling between Kirdford and Wisborough Green were thrown out by the county council today (Tuesday July 22).”
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George Osborne defeated in attempt to weaken UK carbon budget.

July 22, 2014 Clean Energy, Climate 

Guardian: “The chancellor, George Osborne’s hopes of weakening the UK’s carbon budget for the next decade were quashed on Tuesday when Lib Dem energy secretary, Ed Davey, said the target would not be changed.”
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World breaks temperature record for June after hottest May.

July 21, 2014 Climate 

AP: “The globe is on a hot streak, setting a heat record in June after it alsobroke the record for May. The National Oceanic and Atmospheric Administration (NOAA) announced on Monday that last month’s average global temperature was 16.2C (61.2F), which is 0.7C higher than the 20th-century average. It beat 2010′s record by one-twentieth of a degree.
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Climate models accurate when reflecting natural ocean cycles.

July 21, 2014 Climate 

Guardian: “Predicting global surface temperature changes in the short-term is a challenge for climate models. Temperature changes over periods of a decade or two can be dominated by influences from ocean cycles like El Niño and La Niña”
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Kashagan delays mar outlook for Eni, Total and Shell.

July 20, 2014 Oil 

FT: “Three of Europe’s largest oil companies could take a $1.5bn hit to earnings as a result of delays to Kashagan, the $50bn oil project in the Caspian Sea that has been bedevilled by hold-ups and cost over-runs.”
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Diesel supply bedevils investments in Africa’s internet: solar can help.

July 19, 2014 Clean Energy 

FT: “If you wake me up at 2 am and ask me what I am thinking about, the answer is power,” says Pankaj Kulshrestha, chief operating officer of Eaton Towers, one of a crop of infrastructure companies that have sprung up in the past five years to control some 15 per cent of Africa’s telecoms towers.”
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Solar displacing oil for lighting, en route to the rest of fossil fuels.

Robyn Williams on ABC Radio National: “Jeremy Leggett describes kerosene lamps as the vampires of developing communities in Africa. They suck financial resources to provide pitiful light, noxious fumes, lost houses and schools due to accidents, as well as damaging emissions.”
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Solar on UK commercial buildings: big vacant spaces, big opportunity.

July 18, 2014 Clean Energy, Commentaries 

Jeremy Leggett in the Guardian: “As the cost of solar energy plunges, the solar industry is growing at whatsome describe as “lightning speed”. But that is a global picture. Nationally, the situation varies greatly, depending on the attitude of the incumbent government.”
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UK economy less energy efficient than China’s.

July 18, 2014 Clean Energy 

Guardian: “Germany is the world’s most energy efficient country with strong codes on buildings while China is quickly stepping up its own efforts, an environmental group said Thursday.”
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The Economist on Shell, Exxon & carbon: “the elephant in the atmosphere”.

July 18, 2014 Climate, Commentaries, Finance, Gas, Oil 

Economist: “In September 2013 a group of institutional investors with $3 trillion of assets under management asked the 45 biggest quoted oil firms how climate change might affect their business and, in particular, whether any of their oil reserves might become “stranded assets”—unusable if laws to curb emissions of carbon dioxide became really tight.”
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Australia kills off carbon tax.

July 17, 2014 Clean Energy, Climate, Coal, Gas, Oil 

Guardian: “Australia’s carbon price has been repealed, leaving the nation with no legislated policy to achieve even the minimum 5% greenhouse emissions reduction target it has inscribed in international agreements.”
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“Supply setbacks will push oil price higher.”

July 17, 2014 Oil 

FT: “A possible resumption of oil exports from Libya, as yet unhindered production in Iraq, and hopes of a nuclear deal with Iran, have caught the oil market on the hop.”
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Ineos to build ethane facility at Grangemouth for US shale gas imports.

July 17, 2014 Gas 

Guardian: “The owners of the petrochemicals plant in Grangemouth, the future of which was in doubt last year, have won a £230m loan guarantee from the UK government to build a new facility to import shale gas.”
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Green bond market, growing at 60% pa, becomes mainstream.

Guardian: “The market for green bonds has grown 60% this year compared to 2013, surpassing expectations and leading experts to say a niche has now become mainstream.”
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Renewables are now almost 15% of UK electricity, £8bn annual investment.

July 17, 2014 Clean Energy 

PA: “Almost £8bn was invested in renewable energy in the UK last year, according to a report by the Department of Energy and Climate Change (DECC).”
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“‘Terrifying’ oil skills shortage delays projects and raises risks”: FT.

July 16, 2014 Gas, Oil 

FT: “….The skills shortage in the oil patch is frequently cited as one of the biggest challenges facing the industry. In what has been called the “Great Crew Change”, the older generation of geoscientists and petroleum engineers who were hired before the sweeping lay-offs of the 1980s are now approaching retirement age and will soon leave the world of work.”
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Reports of the death of green jobs have been exaggerated.

July 16, 2014 Clean Energy, Commentaries 

FT:  ”Global investment in clean energy fell 12 per cent in 2013 according to Bloomberg. So are we watching the nails go in the coffin of an unaffordable technology? And has the green jobs bubble burst along with it?” Read more

UK on track to miss carbon targets, climate change advisers warn.

July 15, 2014 Clean Energy, Climate 

Guardian: ”The coalition’s flagship insulation programmes have failed to put the UK on the right track to meet its commitments on cutting greenhouse gases, a review by the statutory advisers on climate change has found.”
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People’s Bank of China chief economist argues for green bonds.

July 15, 2014 Climate, Coal, Finance 

Sean Kidney on ClimateBonds: “….Ma Jun gave an amazing speech about 8 green finance measures he felt China needed. He reeled them off as multiple TV news channels filmed and the cream of China’s finance community listened:”
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US should broke rules with tariffs on Chinese solar modules, WTO finds.

July 15, 2014 Clean Energy 

REW.com: “In a move that many in the solar industry applauded, a World Trade Organization panel found that the US government overstepped its bounds when it imposed tariffs on solar panels and other goods from China.”
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