The United Nations says more than 130 countries have committed to sign the Paris climate change deal during a kickoff ceremony on April 22, Earth Day. In a statement, the U.N. said representatives of the nations, including 60 world leaders, will meet in New York in two weeks to sign the landmark climate deal, hatched by negotiators in Paris in December.
Offshore wind development will be necessary for New York to achieve its 50% renewable energy goal by 2030, according to the state’s Energy and Finance Chair Richard Kauffman, recently appointed by Gov. Andrew Cuomo to help reform the state's energy system. Though offshore wind has struggled to compete with other energy sources on cost, Kauffman told Bloomberg the ability to tap high-capacity-factor wind energy near the coast of New York could help the resource compete with other central station renewables, many of which would require large transmission projects to deliver energy to the state. The Interior Department’s Bureau of Ocean Energy Management (BOEM) last month officially designated a 127 square mile tract off the New York coast as a wind energy development area.
Maryland senators yesterday voted 31-14 to expand the state's renewable energy goals, boosting targets solar and wind targets to 25% by 2020.The higher goals would would make Maryland's renewable target the sixth highest nationally, behind Vermont, California, Hawaii, New York, and Connecticut.
Wind and solar have grown seemingly unstoppable. While two years of crashing prices for oil, natural gas, and coal triggered dramatic downsizing in those industries, renewables have been thriving. Clean energy investment broke new records in 2015 and is now seeing twice as much global funding as fossil fuels.
A group of eight banks and investors pledged $7 billion to join Bank of America Corp’s initiative that plans to raise at least $10 billion for investments in clean energy and sustainable development.HSBC Holdings Plc, Credit Agricole SA, AllianceBernstein Holding LP, Babson Capital Management LLC and Mirova, a unit of Natixis SA, are among those to join the Catalytic Finance Initiative, according to a joint statement by the banks Wednesday. Bank of America created the initiative in 2014 to stimulate at least $10 billion of new investment in clean energy projects through improving financing structures that could reduce the risk of investing in low carbon infrastructure. Today’s announcement takes the total raised to $8 billion, according to a spokesman for HSBC.
State policies that promote advanced energy technologies could stimulate more than 160,000 new jobs annually in the Southeast and establish long-term economic stability for states from Florida to Virginia, new research from the American Jobs Project shows. In Rust Belt states Michigan, Ohio and Pennsylvania, advances in wind and solar power, along with smart buildings and energy efficiency, could drive the creation of an additional 50,000 high-wage jobs annually, the Berkeley, California-based group found.
"Our research shows that smart policies and a focus on industrial clusters can allow states to become hubs of innovation and job creation in advanced energy industries that dovetail with a state's own strengths," Hank Love, project manager for the American Jobs Project, said of a series of new reports focused on job growth in 10 states.
Clean energy is the biggest economic opportunity the world has ever seen, Secretary of State John Kerry said Tuesday. Compared to the initial phase of the tech revolution, he added, clean energy offers far bigger rewards — with a value of many trillions of dollars and billions of potential customers. But money aside, there’s a human cost to ignoring issues like rising sea levels, the harm to human health from burning coal, and disruptions to food and water supplies, Kerry told the audience at Bloomberg’s New Energy Finance conference.
February 17, 2016
Don't tell Washington, but corporations are quietly spending billions on clean power. Renewable energy policy may be contentious on the floors of the U.S. Congress and the Supreme Court, but it's finding more friends than foes in corporate boardrooms. Last year was a record-breaker for corporate purchasing of large-scale wind and solar energy, reports the Rocky Mountain Institute, which reports that corporate use of renewable power in the U.S. more than doubled from 2014 to 2015--from 1.2 GW purchased in 2014 to nearly 3 GW of renewable energy purchased in 2015. >>View Article
February 17, 2016
The announcement by 17 governors yesterday to jointly pursue clean energy goals was perhaps most noteworthy in what it did not include—any mention of climate change.
That omission was necessary to bring a bipartisan swath of states together on energy efficiency and renewable energy, modernizing the electricity grid and promoting electric and alternatively fueled vehicles—all subjects often mentioned in the same breath as climate change. >>View Article
February 17, 2016
Over the past decade, conversations around climate change have often been laden with political overtones, wrapped tightly with competing agendas, opinions and research. However, mounting data and international cooperation has created a significant shift in thinking that is now re-framing the conversation for investors. >>View Article
More Articles ...
- Booming Wind Business Ignores Oil Slump as Market Values Double
- Wind Towers Set To Reach Up To 170 Meters
- Proposed Light Bulb Energy Efficiency Standards to Lead to $12.5 Billion in Annual Consumer Savings
- Energy Department Makes up to $7 Million Available for Assistance to Indian Tribes; Releases Alaska Solar Prospecting Report
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