The European Commission recently endorsed three French schemes to support solar and hydropower energy generators in France under EU state aid rules. The schemes will allow France to develop around 2600 megawatts of additional solar capacity and 60 megawatts of additional hydropower capacity. The two solar schemes together have [...]
Several large, developed countries are breaking the mold of one-to-one economic growth and environmental impacts. As countries embark on the transition to a new climate economy , there’s a debate about whether growth can drive, or even coexist with, climate stabilization. This emerging trend is supported by 21 countries that have managed to reduce GHG emissions while growing GDP [...]
The United States could slash greenhouse gas emissions from power production by up to 78 percent below 1990 levels within 15 years while meeting increased demand, according to a new study by NOAA and University of Colorado Boulder researchers.
A high-resolution map based on NOAA weather data showing one measure of wind energy potential across the United States in 2012. Credit: Chris Clack/CIRES
New onshore windfarms are now the cheapest way for a power company to produce electricity in Britain, according to Bloomberg New Energy Finance (BNEF). Costs have dropped to $85 (£55) per megawatt hour (MWh) compared with the current costs of about $115 for constructing coal or gas-fired plants, its analysis found.
Researchers from Harvard University report that they have tested a “flow battery” that uses cheap and abundant chemical elements, can be operated with plastic components, will not catch fire, and can operate at 99% efficiency.
The storage problem has consistently been held against investment in solar and wind energy, but a safe, cheap and capacious technology could change the economics of renewable power generation.
The future is grim for private holdings in fossil fuel companies over action – or inaction – around climate change. Private investors stand to lose $4.2tn (£2.7tn) on the value of their holdings from the impact of climate change by 2100 even if global warming is [...]
A commitment by China to limit a rise to 2C would create 2m jobs, the analysis says.
Major economies would boost their prosperity, employment levels and health prospects if they took actions that limited global warming to 2c, according to the first analysis of emissions pledges made before the UN climate summit in Paris later this year.
The world’s biggest and most profitable fossil fuel companies are receiving huge and rising subsidies from US taxpayers, a practice slammed as absurd by a presidential candidate given the threat of climate change.
- A proposed Shell petrochemical refinery in Pennsylvania is in line for $1.6bn (£1bn) in state subsidy, according to a deal struck in 2012 when the company made an annual profit of $26.8bn.
- ExxonMobil’s upgrades to its Baton Rouge refinery in Louisiana are benefitting from $119m of state subsidy, with the support starting in 2011, when the company made a $41bn profit.
- A jobs subsidy scheme worth $78m to Marathon Petroleum in Ohio began in 2011, when the company made $2.4bn in profit.
The financial cost of air pollution in Europe stands at more than $1.6tn (£1.5tn) a year, a study by the World Health Organisation (WHO) has found, equating to about a tenth of the GDP of the continent.
While air pollution has long been known to be a major environmental burden, the costs in human and economic terms have not been categorised before.
The Central American country has been able to rely on hydroelectric power for the first three months of the year. Currently 94 per cent of Costa Rica’s energy needs are met by renewables.