Day: February 4, 2019
French State Bank Sets Aside 5 Billion Euros for Green Projects
Caisse des Depots et Consignations, a French state bank, is setting aside 5 billion euros ($6.8 billion) for green projects after the government proposed a law to spur use of renewable electricity and boost efficiency.
New Power Rates Take Effect for Spain’s Clean Energy Plants
Spain set new rates for electricity suppliers that use renewable sources, waste and co-generation based on a “reasonable return,” formally ending a subsidy system dating to the 1990s that had spun out of control.
EU Needs Low-Carbon Energy Union, Ministers’ Advisory Panel Says
The European Union needs an ambitious emissions-reduction goal, targets for energy- efficiency and renewables as well as tools to foster investment under its planned 2030 policies, an advisory panel to 14 ministers said.
Unique study of net evaporation at a hydroelectric facility in Canada
A first-of-its-kind study of net evaporation at a hydroelectric facility reveals that the project has very little effect on the loss of water to the atmosphere as compared with pre-impoundment conditions.
World Energy Supply Requires $40 Trillion Investment by 2035, Says IEA
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.
Japan Calls US Emissions Plan a Bold Step Away From Coal
Japan said the U.S.’s proposed cuts in greenhouse-gas emissions from its power plants is a bold step to tackle climate change.
Is Natural Gas Sucking Investment from Renewable Energy?
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.
Former Banker Will Now Oversee Renewable Energy in India
Indian Prime Minister Narendra Modi appointed a former banker to oversee coal, power and clean-energy reforms in a move aimed at resolving fuel bottlenecks and chronic blackouts hampering economic growth.
UK Green Investment Bank Aims to Spend $1.2 Billion This Year
The U.K. Green Investment Bank aims to boost the capital it commits to carbon-cutting projects to 700 million pounds ($1.2 billion) this year as it chases deals in offshore wind, waste and energy efficiency.