Archive for the ‘Coal’ Category

White House: curb greenhouse gas emissions now or lose billions.

July 29, 2014 Climate, Coal, Gas, Oil

Washington Post: “The White House issued a report Tuesday warning that the United States could face billions of dollars in added economic costs if it delays action to curb greenhouse gas emissions linked to climate change. According to the report, each decade of delay will make it 40 percent more expensive to eventually reach the identical global climate target.”
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“Coal company pain accelerates as bankruptcy cases rise”: Bloomberg.

July 25, 2014 Coal, Gas

Bloomberg: “The coal business, after fueling the Industrial Revolution and powering U.S. growth for much of the past century, is now beset by a glut of cheap natural gas and tighter regulation.”
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The Energy of Nations: “thriller-like”, “fast-paced”, “wonderful anecdotes”.

July 24, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Nuclear, Oil

Germana Canzi: “It was with a bit of trepidation that I started to read Jeremy Leggett’s most recent book,The Energy of Nations: Risk Blindness and the Road to Renaissance (Routledge, 2013). Last time I read one of Leggett’s books – The Carbon Wars – it had such an impact on me that it contributed heavily to my decision to leave a promising job as a financial journalist to pursue a fascinating but less linear career in climate change policy.”
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China’s coal industry says times are hard, outlook worse.

July 24, 2014 Climate, Coal

Reuters: “More than 70 percent of China’s coal firms are making losses, the head of the coal industry association said on Thursday, with prices eroded by falling demand growth, a worsening supply glut and a war on smog.”
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Coal India’s plans for 20 mines hit by land, environmental delays.

July 24, 2014 Climate, Coal

Reuters: “Twenty new coal mine projects by state-run Coal India, planned with annual capacity of 52 million tonnes, have been delayed by difficulties acquiring land and environmental clearances, the coal minister said on Thursday, underlining the uphill task he faces in reforming the sector.”
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Will the micro-grid put major power companies out of business?

July 23, 2014 Change for Good, Clean Energy, Coal, Gas, Nuclear

Guardian: “For the last century, the power created by large power generators (hydro, nuclear, coal and gas) has been brought to consumers via a grid comprised of transmission lines and cables with varying voltages.”
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EU agrees to improve energy efficiency 30% by 2030.

July 23, 2014 Clean Energy, Climate, Coal, Gas

Guardian: “European Union member states will have to improve their energy efficiency by nearly a third in the next 15 years, under new proposals unveiled on Wednesday by the European commission.”
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UK, Germany & Poland top list of 30 dirtiest coal-fired power stations.

July 22, 2014 Climate, Coal

Guardian: “The UK and Germany lead a list of the EU’s most polluting coal-fired power stations compiled by environmental campaigners, who say coal emissions are undermining efforts to combat climate change. Both countries have nine of the so-called “dirty 30” and the campaigners say coal burning is increasing due to the relatively low price of the fuel compared to gas.”
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Solar displacing oil for lighting, en route to the rest of fossil fuels.

July 19, 2014 Change for Good, Clean Energy, Climate, Coal, Commentaries, Gas, Oil

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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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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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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Customer complaints about the Big 6 are at an all time high.

July 14, 2014 Coal, Gas, Nuclear

Guardian: “The number of customers complaining to the independent ombudsman about their energy bills has soared with more people making official complaints in the first six months of this year than the whole of last year put together.”
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US and China agree cautious join steps forward on abating climate change

July 9, 2014 Climate, Coal

Reuters: “The United States and China on Tuesday signed eight partnership pacts to cut greenhouse gases that will bring the world’s two biggest carbon emitters closer together on climate policy, but fundamental differences between the two sides remain.”
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“Fossil industry is the subprime danger of this cycle” / solar the future.

July 9, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Ambrose Evans-Pritchard in the Telegraph: “The cumulative blitz on energy exploration and production over the past six years has been $5.4 trillion, yet little has come of it.”
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Deep decarbonization pathways available to hit 2˚C climate target: report.

July 9, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Guardian: “The United Nations was presented with a roadmap to avoid a climate catastrophe on Tuesday, prescribing specific actions for the world’s biggest economies to keep warming below 2C.”
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UK CCS project wins EU funding.

July 8, 2014 Climate, Coal

Guardian: “Drax, the operator of Britain’s biggest power station, has secured up to €300m (£238m) of European Union funding to build a power plant whose carbon dioxide emissions will be trapped and buried deep beneath the North Sea.”
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“Solar has won. Even if coal were free, power stations couldn’t compete.”

July 7, 2014 Clean Energy, Coal

Guardian: “Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day.”
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National Grid chief calls for more interconnectors to UK.

July 6, 2014 Coal, Gas, Nuclear

FT: “Energy prices for British consumers would fall by £1bn a year if electricity interconnectors between continental Europe and the UK were doubled by 2020, according to the operator of the UK’s gas and electricity networks.”
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Shell is wrong to accuse Carbon Tracker of “trivialising the climate debate”.

July 3, 2014 Climate, Coal, Commentaries, Finance, Gas, Oil
Jeremy Leggett in Recharge: “A debate is growing in the capital markets about whether carbon-fuel assets are at risk of being stranded — rendered unuseable by trends and events, including policies to combat global warming. ExxonMobil and Shell are to be congratulated for recently injecting a much-needed degree of transparency into the argument.”
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Renewables to win two-thirds of energy investment by 2030: Bloomberg.

July 1, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Bloomberg: “Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.”
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