In today’s edition, find out how much the Paris climate deal will cost: the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent more than current projections show for its growth. Also, in the Natural gas / coal section, the federal government has agreed to stop approving oil fracking off the California coast until it studies whether the practice is safe for the environment, according to legal settlements filed Friday. Finally, in the Power section, folding offshore wind turbines could power 10,000 US homes.
Quote of the day
“The clean energy industry could make a very significant contribution to achieving the lofty ambitions expressed by the Paris Agreement. To do so, investment volume is going to need to more than double, and do so in the next three to five years. That sort of increase will not be delivered by business as usual. Closing the gap is both a challenge and an opportunity for investors.”
Michael Liebreich, founder of Bloomberg New Energy Finance, a London-based research group, in the Bloomberg News’ story Paris Climate Deal Seen Costing $12.1 Trillion Over 25 Years
Paris Climate Deal Seen Costing $12.1 Trillion Over 25 Years
By Alex Morales – Bloomberg News
If the world is serious about halting the worst effects of global warming, the renewable energy industry will require $12.1 trillion of investment over the next quarter century, or about 75 percent more than current projections show for its growth.
How do we define climate pollution’s cost to society?
By Elizabeth Shogren – High Country News
In a 2007 ruling on a dispute concerning fuel economy standards for cars, a judge sent a clear message to federal agencies. They could no longer continue business as usual and fail to account for climate change when assessing the costs and benefits of regulations.
The climate-change refugee crisis is only just beginning
By Peter Schwartzstein – Quartz
The Amhara Plateau is no one’s idea of a gloomy landscape.
Ted Cruz keeps saying that satellites don’t show global warming. Here’s the problem
By Chris Mooney – Washington Post
Last week, when NASA and NOAA jointly announced that 2015 was the hottest year on record by a sizable margin, the news may have seemed purely factual in nature.
Clinton: GOP disbelieves climate change because Koch brothers tell them to
By Mark Hensch – The Hill
Democratic presidential candidate Hillary Clinton said late Saturday that most Republicans are skeptical of climate change because billionaire donors David and Charles Koch tell them to be.
Jeb Bush pins hopes on ‘someone in a garage’ to tackle climate change
By Oliver Milman – The Guardian
Florida’s leading candidates for the Republican presidential nomination, Marco Rubio and Jeb Bush, have both criticized federal action to combat climate change, with Rubio warning it would “destroy” the US economy and Bush predicting “someone in a garage somewhere” will solve the problem instead.
The Dark Side of Clean Energy in Mexico
By Santiago Navarro F. and Renata Bessi – Truthout
A palm hat worn down by time covers the face of Celestino Bortolo Teran, a 60-year-old Indigenous Zapotec man.
EUEC 2016 Conference & Expo
Feb 3 – Feb 5, 2016
San Diego Convention Center, CA
Cruz blasts Branstad on ethanol mandate
By Rebecca Savransky – The Hill
Republican presidential candidate Ted Cruz on Sunday blasted Iowa Gov. Terry Branstad (R), saying his son is a lobbyist “who makes hundreds of thousands of dollars lobbying on ethanol.”
DOE proposing air conditioner standards
By Tim Devaney – The Hill
The Department of Energy (DOE) is proposing new efficiency rules for portable air conditioners that are expected to save consumers billions of dollars on their energy bills.
Spending watchdog to examine scrapping of £1bn carbon capture plan
By Terry Macalister – The Guardian
The National Audit Office is to investigate George Osborne’s decision to scrap a £1bn prototype carbon capture scheme which cost the taxpayer at least £60m, a letter seen by the Guardian shows.
Natural gas / coal
India Coal Plant Developer Switches to Solar for Site in Punjab
By Anindya Upadhyay – Bloomberg News
A prominent developer of coal-fired power plants in India is seeking to switch to solar for an 800-acre (324-hectare) site in Punjab it had earmarked for another thermal plant, saying the economics of photovoltaics are more attractive.
US to stop approving oil fracking off California coast until review is complete
The federal government has agreed to stop approving oil fracking off the California coast until it studies whether the practice is safe for the environment, according to legal settlements filed Friday.
Folding offshore wind turbines could power 10,000 US homes
By Steve Dent – engadget
The US Department of Energy’s plan to generate 20 percent of the nation’s electrical power from wind by 2030 is ambitious, to say the least. To pull it off, the turbines will need to be located offshore, where winds are steadier and stronger.
Europe’s exchanges vie for dominance of wind power futures
By Susanna Twidale – Reuters
Two of Europe’s major energy exchanges are poised to battle for dominance in the market for wind power futures, entering a space previously controlled by insurance companies.
Tidal Lagoon eyes expansion as political will ebbs
By Henry Sanderson and Jim Pickard – Financial Times
The company building UK’s first tidal lagoon project in Swansea has secured investment for further projects in the country through a stake sale to the commodity group Liberty House.
What is holding back the growth of solar power?
By Karl Mathiesen – The Guardian
Sixty years ago, the price of solar panels was astronomical. At a cost of $1,910 (£1,350) per watt in today’s money, the only practical use for them was in space on the US Vanguard 1 satellite, which launched in 1958.
Africa: Wind and Sun Can Power End to Africa’s Energy Poverty
By Ranjit Deshmukh & Grace Wu – Thomson Reuters Foundation
Nearly two decades into the 21st century, energy poverty continues to cripple Africa’s social and economic development.
Tesla is about to enter the most critical period in the company’s history
By Matthew DeBord – Business Insider
Tesla will reveal its next vehicle, the mass-market, $35,000 Model 3, in March.
EPA under fire over Flint
By Timothy Cama – The Hill
The Environmental Protection Agency (EPA) is under fire for its handling of the drinking water crisis in Flint, Mich.
House panel calls hearing on Flint water crisis
By Timothy Cama – The Hill
The House Oversight Committee is set to grill federal and state figures involved in the water crisis in Flint, Mich., over their responsibility for the city’s lead contamination.
***LB: Also in this story “The hearing on Tuesday will be Congress’s first foray into the crisis, in which a switch in the city’s water supply and a lack of proper water treatment, caused lead from pipes to leach into the water at high concentrations.”
El Niño Is Here, So Why Is California Still in Drought?
By Andrea Thompson – Climate Central
A parade of El Niño-fueled storms has marched over California in the last few weeks, bringing bouts of much needed rain and snow to the parched state.