Australia Renewable Target Cuts Would Deter Investment, Say Manufacturers
Vestas Wind Systems A/S said scaling back Australia’s renewable energy target would cut the value of more than A$10 billion ($9.4 billion) in large projects across the industry and discourage international investors.
Ohio Ready To Halt Its Renewable Portfolio Standard
Ohio is debating the sharpest break from a three-decade campaign by 29 U.S. states to reduce reliance on fossil fuels by promoting power from renewable sources.
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.
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.
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.
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.
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.
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.
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.