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.
German Utility's Race for Renewables Seen as Too Little, Too Late
RWE AG, the German utility whose coal-fired plants make it Europe’s largest carbon emitter, officially started the company’s largest renewables project on Thursday: a wind farm in Liverpool Bay off Britain’s coast.
Where Coal Was King, Pope's Climate Warning Faces a Tricky Sell
In West Virginia, where workers have harvested coal seams for centuries, Pope Francis’ new warning about the risks of fossil fuels will find skepticism even among the faithful.
EU Raises Concern That UK, France Won't Meet Renewables Goal
The European Commission raised concern that the U.K. and France may not meet their 2020 renewable energy targets, saying the two countries should examine whether they’re doing enough to reach the goals.
Ethanol Groups Say EPA's Proposal Crushing Growth of Industry
An Obama administration proposal last month to cut quotas for renewable fuels led to a rout in ethanol credits and handcuffed the industry’s growth, biofuel groups said Thursday.
Green Bonds Sprout as Wall Street Embraces Renewable Energy Debt
Bonds backing clean energy and other sustainable initiatives are booming. Investors are snapping up green bonds at the fastest pace on record, as big banks like Morgan Stanley and Bank of America Corp. pile in with new issuance to feed the growing appetite for socially responsible investments.
Nordic Renewables Boom Set to Exceed Wind Energy Target
Sweden and Norway will probably exceed a joint target for renewable energy production by the end of the decade, industry consultant Nena AS said.
Scientists Start $150 Billion Program to Cut Clean Energy Costs
Scientists and economists including BP Plc’s former chief executive officer, John Browne, are inviting governments to join a $150 billion program that aims to make clean energy cheaper than coal.
Obama To Announce $100 Million Grants for Ethanol
The Obama administration is set to pledge $100 million Friday to expand the use of special fuel pumps that allow drivers to blend more ethanol into their gasoline, according to people briefed on the announcement. The U.S. Department of Agriculture, which has long championed these so-called blender…