Archive for the ‘Coal’ Category

Lima climate talks: EU & US at odds over legally binding emissions targets.

December 2, 2014 Climate, Coal, Gas, Oil

Guardian: “The European Union (EU)’s delegation at the climate change conference in Lima has argued that legally binding cuts applying to all countries are necessary and should be adopted by 2015 and entered into force by 2020.”

IEA: 60% of $5 tn next-decade spend on powerplants will go to renewables.

December 2, 2014 Clean Energy, Coal, Finance, Gas, Nuclear

Bloomberg: “While OPEC is helping drive down global prices for crude, it’s having less success squeezing the $250 billion clean power industry.”

E.ON to quit gas and coal and focus on renewable energy.

December 1, 2014 Clean Energy, Climate, Coal, Gas, Oil

Guardian: “Germany’s biggest utility firm, E.ON, has announced plans to split in two and spin off most of its power generation, energy trading and upstream businesses, responding to a crisis that has crippled the European energy sector.”

BoE to examine risks carbon-fuel companies pose to financial stability.

November 30, 2014 Climate, Coal, Finance, Gas, Oil

FT: “The Bank of England has revealed it is to examine formally for the first time the risks fossil fuel companies pose to financial stability.”

UK regulator introduces tough controls aiming to cut energy bills.

November 28, 2014 Coal, Gas, Nuclear

FT: “UK energy regulator Ofgem has outlined tough annual price controls for power distributors that it claims will cut £2.1bn from customer bills – equivalent to £11 per household – and increase compensation for extended power outages.”

Obama climate change envoy: fossil fuels will have to stay in the ground.

November 25, 2014 Climate, Coal, Gas, Oil

Guardian: “The world’s fossil fuels will “obviously” have to stay in the ground in order to solve global warming, Barack Obama’s climate change envoy said on Monday.”

One of three UK emergency power plants fails output test.

November 24, 2014 Coal, Gas, Nuclear

FT: “One of the three power stations being paid by National Grid to come online in an emergency this winter has failed a test run, heightening concerns over the reliability of Britain’s creaking, accident-prone electricity system.”

Norway’s largest pension fund vows to drop coal mine holdings.

November 23, 2014 Climate, Coal, Finance

FT: “Norway’s largest pension fund has vowed to drop its holdings in coal miners, intensifying pressure on the coal industry from global investors.”

CCS will struggle to be viable, lead practitioner says.

November 23, 2014 Climate, Coal

FT: “A technology at the heart of efforts to avoid global warming will struggle to be economically viable in many places, the company spearheading its use in the power industry has revealed.”

Coal isn’t the way out of energy poverty: Carbon Tracker report.

November 13, 2014 Clean Energy, Climate, Coal

Carbon Tracker press release (no url): “Rural communities in Africa and India suffering most from a lack of modern energy can exploit the falling costs of renewable power, to access electricity without the need for expensive grid transmission networks, new research by the Carbon Tracker Initiative (CTI) shows.”

China targets 8 GW of rooftop solar this year.

November 13, 2014 Clean Energy, Climate, Coal

Bloomberg: ” China, the world’s biggest solar market for two years running, is pushing to install more panels at factories, schools and even greenhouses as it seeks to meet its goals under a historic climate agreement with the U.S.”

Rich countries subsidise fossil fuels by $88bn a year.

November 11, 2014 Climate, Coal, Finance, Gas, Oil

Guardian: “Rich countries are subsidising oil, gas and coal companies by about $88bn (£55.4bn) a year to explore for new reserves, despite evidence that most fossil fuels must be left in the ground if the world is to avoid dangerous climate change.”

The world’s largest coal mine, in Wyoming, barrels on.

November 10, 2014 Climate, Coal

Guardian: “In the world’s biggest coalmine, even a 400 tonne truck looks like a toy. Everything about the scale of Peabody Energy’s operations in the Powder River Basin of Wyoming is big and the mines are only going to get bigger”

“Fracking’s mythology is single biggest threat to the solar revolution.”

November 5, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil

Jeremy Leggett in Recharge magazine: “There are days of late when the solar revolution seems to be an inevitability, and an imminent one.
When one reads that by 2020 an “energy trio” purchase of solar roof plus electric vehicle plus domestic battery will be able to pay for itself within six to eight years, while giving a 7% pre-tax return on investment, how could it be otherwise? Especially when that prognosis comes from a team of analysts at the world’s biggest private bank. Such developments, UBS says, will change the face of the energy industry.
But then there are days when the vehemence of the incumbency’s rearguard action is so daunting that one wonders if Big Energy can delay the solar revolution, maybe for years, or even derail it.”

“One Trillion Tonnes and $5 Trillion: Thoughts on IPCC Synthesis Report.”

November 3, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Mark Lewis for Kepler Cheuvreux (no url): “….The (IPCC) Synthesis Report states that if the world is to stand a better than even chance  of limiting warming  to no more than 2°C, only about one trillion tonnes of CO2 more can be emitted from 2011 onwards (the precise amount will depend on emissions trends for other GHGs).”

CO2 budget 1.1 tn tons, & fossil-fuel subsidies exceed reductions spend.

November 3, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Bloomberg: “The world can only consume a fraction of the known deposits of fossil fuels if it’s to avoid the most dangerous effects of climate change, according to the biggest assessment of the issue.”

IPCC: cut emissions rapidly or face “severe….irreversible” impacts.

November 2, 2014 Climate, Coal, Finance, Gas, Oil

Guardian: “Climate change is set to inflict “severe, widespread, and irreversible impacts” on people and the natural world unless carbon emissions are cut sharply and rapidly, according to the most important assessment of global warming yet published.”

IPCC 1990 – 2014: a quarter century of The Carbon War.

October 31, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil

Jeremy Leggett on the Greenpeace Energy Desk: “When the Intergovernmental Panel on Climate Change completed its First Assessment Report in 1990, almost a quarter of a century ago, I worked for Greenpeace as a climate campaigner.”

Lobbyists advice to oil and gas: play “ugly” if you want to keep drilling.

October 30, 2014 Climate, Coal, Gas, Oil

NY Times: “If the oil and gas industry wants to prevent its opponents from slowing its efforts to drill in more places, it must be prepared to employ tactics like digging up embarrassing tidbits about environmentalists and liberal celebrities, a veteran Washington political consultant told a room full of industry executives in a speech that was secretly recorded.”

EU leaders agree to cut greenhouse gas emissions by 40% by 2030.

October 24, 2014 Clean Energy, Climate, Coal, Gas, Oil

Guardian: “European leaders have struck a broad climate change pact obliging the EU as a whole to cut greenhouse gases by at least 40% by 2030. But key aspects of the deal that will form a bargaining position for global climate talks in Paris next year were left vague or voluntary, raising questions as to how the aims would be realised.”