Cost estimates for 1,200-MW Punatsangchhu-1 hydroelectric project reach US$1.74 billion
India's Union Cabinet has approved cost revisions for its intergovernmental agreement with the Royal Government of Bhutan to implement the 1,200-MW Punatsangchhu-1 hydroelectric project on Bhutan's Punatsangchhu River.
Climate Talks Nearing Consensus in Behind-the-Scenes Meetings
Publicly, the United Nations climate-change talks look mired in disputes over everything from money to the length of the proposed agreement.
The Latest Sign That Coal Is Getting Killed
Coal is having a hard time lately. U.S. power plants are switching to natural gas, environmental restrictions are kicking in, and the industry is being derided as the world's No. 1 climate criminal. Prices have crashed, sure, but for a real sense of coal's diminishing prospects, check out what's…
Germany Gives Dirtiest Coal Plants Six Years for Phase Out
German Economy Minister Sigmar Gabriel said 13 percent of power stations burning lignite, a cheap form of coal, would be phased out by 2021 under a program to cut power industry pollution. The government abandoned talks on proposals to impose a climate-change fee that the industry said would have…
Clean Energy Companies Beat the Stock Market
Stocks of clean-energy companies are proving to be better investments than those of companies that produce most of the Western Hemisphere's power, and are outperforming the rest of the stock market as well. The evidence is found in the New York Stock Exchange Bloomberg Americas Clean Energy Index.…
‘Snail’s Pace’ in Climate Talks, Weak Pledges Frustrate UN Chief
The secretary general of the United Nations is frustrated with the pace of negotiations for what’s intended to be a crucial agreement limiting global warming. Climate change pledges submitted so far from the world’s leading economies won’t be enough to keep the planet from warming dangerously, UN…
Australian Renewable Energy Law Paves Way for $11 Billion in Projects
Long-frustrated wind and solar developers in Australia can now get to work on more than A$14 billion ($11 billion) in projects after a new renewable energy target passed parliament.
For All Their Talk, Colleges Divest Little After Climate Protest
Stanford, Oxford and Georgetown universities have won praise for promising to purge their endowments of direct investments in coal, embracing the fight against climate change.
Renewables to Beat Fossil Fuels With $3.7 Trillion Solar Boom
Renewable energy will draw almost two-thirds of the spending on new power plants over the next 25 years, dwarfing spending on fossil fuels, as plunging costs make solar the first choice for consumers and the poorest nations.
The Way Humans Get Electricity Is About to Change Forever
Trillions of dollars will be invested in renewable energy over the next 25 years, driving some of the most profound changes yet in how humans get their electricity. That's according to a new forecast by Bloomberg New Energy Finance that plots out global power markets to 2040.