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 what some 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Guardian: “Australia’s carbon price has been repealed, leaving the nation with no legislated policy to achieve even the minimum 5% greenhouse emissions reduction target it has inscribed in international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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“A black mound of Canadian oil waste is rising over Detroit.”

July 17, 2014 Climate, Oil 

NYT: “Assumption Park gives residents of this city lovely views of the Ambassador Bridge and the Detroit skyline. Lately they’ve been treated to another sight: a three-story pile of petroleum coke covering an entire city block on the other side of the Detroit River.
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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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Europe risks ‘significant’ gas shortages this winter: Total.

July 14, 2014 Gas 

FT: “Europe faces a “significant risk” of gas shortages this winter if there is any disruption to Russian supplies through Ukraine, one of the continent’s leading energy executives has warned.”
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“Citigroup pays $7bn to settle sub-prime mortgage investigation.”

July 14, 2014 Finance 

Guardian: “Citigroup agreed to pay $7bn on Monday to settle a federal investigation into the toxic mortgage products the bank sold in the run-up to the financial crisis.”
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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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China requires EVs to be 30% of state vehicle purchases by 2016.

July 14, 2014 Clean Energy, Oil 

Bloomberg: “China is mandating that electric cars make up at least 30 percent of government vehicle purchases by 2016, the latest measure to fight pollution and cut energy use after exempting the autos from a purchase tax.”
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Iraq and Libya crucial to global oil supply in the short term: IEA.

July 11, 2014 Gas, Oil 

FT: “Demand for oil is set to accelerate next year as the global economy gains momentum and will be met by rising supplies from the US and Canada, according to the west’s energy watchdog.”
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Church group representing half a billion divests from fossil fuels.

July 11, 2014 Climate 

Guardian: “An umbrella group of churches, which represents over half a billion Christians worldwide, has decided to pull its investments out of fossil fuel companies.”
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