China to limit carbon emissions for first time, climate adviser claims.

June 3, 2014

Guardian: “China, the world’s biggest greenhouse gas emitter, will limit its total emissions for the first time by the end of this decade, according to a top government advisor.”
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Members reject US Chamber of Commerce stance on climate.

June 3, 2014

Climate Progress: “Days before President Obama’s EPA Administrator Gina McCarthy announced sweeping new rules to limit the amount of carbon pollution that existing power plants can dump into the atmosphere, the U.S. Chamber of Commerce released a report blasting the then-unreleased regulations as certain to raise electricity prices, kill jobs, and slow the economy. But leading climate-friendly members of Chamber don’t want to be associated with its anti-climate report.” Read more

Obama takes personal charge against the backlash. 70% support him.

June 3, 2014

Guardian: “Barack Obama took personal charge of the campaign for historic new climate change regulations on Monday, defending a 30% cut in carbon pollution from power plants from a backlash by business lobbies, conservative groups and Democrats in oil and coal states.”
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The flip-side of the Obama coal plan: 35% increase in gas generation.

June 3, 2014

Bernstein Research (no url): The principal observation is that the goal is not as ambitious as it seems because the target is backward-dated to 2005 and the U.S. is already 10% below that benchmark level.  Furthermore, an additional 9% will be realized by regulations already in motion by 2017, so the true absolute reduction is more like 11% by 2030.
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“How solar will destroy the power companies, in 5 easy steps.”

June 3, 2014

BusinessInsider: “Barclays recently downgraded the entire U.S. electric utilities sector to “underweight” on the threat posed by widespread adoption of solar-storage. These systems allow homeowners to use rooftop solar panels and a battery to cut all but the figurative emergency backup cord to their local electricgrid, putting a severe strain on an industry that has been a defacto monopoly.”
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$300bn of fossil fuel assets risk being stranded by 2035, says IEA.

June 3, 2014

Environmental Finance: “The International Energy Agency (IEA) has warned investors that “around $300 billion in fossil fuel assets [could be] left stranded by stronger climate policies” by 2035.”
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Obama unveils historic rules to reduce coal pollution by 30%.

June 2, 2014

Guardian: “The Obama administration unveiled historic environment rules cutting carbon pollution from power plants by 30% on Monday, spurring prospects for a global deal to end climate change but setting up an epic battle over the environment in this year’s mid-term elections.”
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Big energy pushback in Germany posing increasing danger to renewables.

June 2, 2014

REW.com: “There’s bad news in the pipeline for Germany’s small-scale producers of renewable energy, the backbone of the country’s heralded Energiewende, or clean-energy transition.”
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World energy supply requires $40 trillion investment by 2035: IEA.

June 2, 2014

REW.com: “Meeting the world’s energy supply needs by 2035 will require $40 trillion of investment, as demand grows and production and processing facilities have to be replaced, the International Energy Agency said.” ie $2 trillion each year on average.
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Shale rush in Argentina as oil majors spend billions on fracking.

May 30, 2014

desmogblog: “While many countries, including France, Germany and South Africa, have banned or delayed their embrace of fracking, one country is taking a full-steam-ahead approach to the unconventional drilling technology: Argentina.”
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US-China trade dispute slows the solar success story.

May 30, 2014

REWworld.com: “Next week, the International Trade Commission (ITC) plans to announce its initial decision regarding the expansion of the trade restrictions on imported Chinese, Taiwanese and other solar cells and modules in response to a complaint filed by SolarWorld earlier this year.”
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Top bosses quit Centrica, “tiring of their status as punchbags”.

May 29, 2014

FT: “The steady stream of departing executives at Centrica is rapidly turning into a flood, as top bosses tire of their status as Britain’s biggest political punchbags.”
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Chevron backs off renewables to free cash for more oil and gas.

May 29, 2014

Bloomberg: “For the past eight years, Chevron has promoted “profitable renewable energy” as a core component of its business plan. The company’s slogan, “Finding newer, cleaner ways to power the world,” is splashed across its website. And ads launchedin 2010 as part of Chevron’s “We Agree” campaign declare, “It’s time oil companies get behind the development of renewable energy.” Yet Chevron recently has retreated from key efforts to produce clean energy.”
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Total drops $11bn tar sands project, citing cost pressure.

May 29, 2014

Globe & Mail: “The Joslyn oil sands mine has been shelved indefinitely, a result of rising industry costs that made the $11-billion project financially untenable.”
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New US climate regulations aim to cut emissions 25% from power plants.

May 29, 2014

Guardian: “President Barack Obama will unveil a plan on Monday that will cut carbon pollution from power plants and promote cap-and-trade, undertaking the most significant action on climate change in American history.”
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BP faces “staggering” compensation costs for Macondo oil spill.

May 29, 2014

FT: “BP has asked the US Supreme Court to step in after federal courts in New Orleans lifted an injunction blocking the payment of business claims for economic losses under the settlement that the UK company agreed for victims of the oil spill in 2012.”
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Gas sucks investment from renewable energy in North America.

May 29, 2014

Bloomberg: “U.S. President Barack Obama says natural gas can be a bridge from coal to a cleaner energy future. Investors are showing it’s more likely a bridge to nowhere.”
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BoE: Capitalism risks self destruction unless banking ethics change.

May 28, 2014

Guardian: “Capitalism is at risk of destroying itself unless bankers realise they have an obligation to create a fairer society, the Bank of England governor has warned.”
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Barclays “throws gasoline” on “battle between utilities and solar industry.”

May 28, 2014

Elias Hickley on EnergyTrendsInsider: “This week Barclays downgraded the high-grade bond market for the entire electric utility sector because “we believe that a confluence of declining cost trends in distributed solar photovoltaic (PV) power generation and residential-scale power storage is likely to disrupt the status quo.”  While this is not the first statement about vulnerability of electric utilities to competition from new technology it is the most important to date.”
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New EU energy strategy emphasises gas, stints renewables & efficiency.

May 28, 2014

Guardian: “Europe will need to tap more diverse sources of gas and develop more supplies of controversial shale gas within the continent, amid concerns over the Ukraine crisis, according to a new energy security strategy unveiled by the European commission on Wednesday.”
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  • The Winning of The Carbon War

    Humanity is in a race, a kind of civil war. Believers in a safe future fuelled by endless sunlight and related forms of clean energy combat defenders of finite carbon fuels careless of the impact they have on the world by clinging to coal, oil, and gas. Jeremy Leggett fought for the light side for a quarter of a century as it lost battle after battle to the dark side. Then, in 2013, the tide began to turn. By 2015, it was clear the light side could win the war. Leggett’s diary from the front lines tells one person’s story of those turnaround years, and what they can mean for the world.
  • The book in a minute

  • On doing without fossil fuels

    Fossil-fuel companies like to tell people they are being naive to think they can live without them. These young ladies from the UK Youth Climate Coalition seem to have a different view.
  • Introducing The Energy Of Nations

    Download chapter one, read the reviews and find out how to order here.