The focus is on controversial shale gas in today’s edition: China wants to imitate the U.S. and extract as much as possible, while the profitability of small, independent companies in the U.S. is still debatable. Renewables may prevail, in fact, since the International Energy Agency estimates that global investments in renewable energy capacity will reach $1.6 trillion through 2020. At that point, renewable sources will account for more than a quarter of electricity generation in the world.
Quote of the day
“Many renewables no longer need high incentive levels. Rather, given their capital-intensive nature, renewables require a market context that assures a reasonable and predictable return for investors.”
IEA Executive Director Maria van der Hoeven, in the Hill’s story Energy agency predicts $1.6T in renewable investments through 2020
PetroChina behind Sinopec in China’s shale gas race
Lucy Hornby and Julie Zhu, Financial Times
Chinese oil company PetroChina vowed to catch up with its arch-rival Sinopec in shale gas production next year, as the two race to meet a government mandate to increase output of the fuel that has revolutionised the US energy sector.
(Column) Free cash flow says little about the future of shale
John Kemp, Reuters
The independent companies at the forefront of the U.S. shale boom will finally earn enough from selling oil and gas to cover their capital expenditures next year, for the first time since 2008.
US State Department underestimates carbon pollution from Keystone XL
John Abraham and Dana Nuccitelli (Blog), theguardian.com
This is like the movie Groundhog Day. I seem forever forced to correct the State Department’s errant analysis of Alberta tar sands emissions. Now, however, other people are agreeing with me.
***LB: Also in this story “Tar sands are approximately 17% worse in terms of emissions than other fuels (it depends on which fuel is the reference); the State Department only counts these extra emissions.”
Energy agency predicts $1.6T in renewable investments through 2020
Timothy Cama, The Hill
The world will invest $1.6 trillion in renewable energy capacity through 2020, when renewable sources will account for more than a quarter of electricity generation, the International Energy Agency said Thursday.
A climate for change: The U.S. can help drive a new round of global carbon cuts
The Washington Post (Editorial)
Probably the most persuasive argument against U.S. action on global warming is China. No U.S.-only initiative can stop the planet from warming. Any effective response to climate change will require broad, international effort.
22.6% Of Homes Use Solar In South Australia
Giles Parkinson, RenewEconomy
Nearly one in four homes in South Australia now has rooftop solar, as the share of renewable energy in the state neared 33 per cent in 2013/14 – delivering the state’s ambitious 2020 target six years ahead of schedule.
UN seeks ‘Malala’ on climate change
Five hundred people are to learn if they have won the chance to vent their frustration at world leaders over the stalemate on climate policy.
***LB: Also in this story “The rules stipulate that it must be a woman under 30 – which the organisers say will give a voice to the next generation.”
Fossil fuels win battle over RET, but will they win the war?
Giles Parkinson, RenewEconomy
Next time a media company produces one of those “power” issues, a list of people who effectively run the country, perhaps it should think laterally and include a picture of a coal-fired power station.
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
Southern Oregon University Sells Carbon Credits to Chevrolet
3BL Media (Press release)
Southern Oregon University is participating in Chevrolet’s carbon-reduction initiative. It is selling carbon credits for the new Leadership in Energy and Environmental Design (LEED) Certified Raider Village residence halls to Chevrolet for one year.
***LB: Also in this story “This unique program enables the university to receive funding for reducing the campus’ carbon footprint through green building practices.”
With an eye on carbon cash, Cameroon boosts forest monitoring
Elias Ntungwe Ngalame, Thomson Reuters Foundation
Cameroon has set up a national system to monitor forest carbon in an effort to earn carbon cash and protect the country’s expansive but disappearing forests.
Natural gas / coal
Why abundant coal may have ‘cursed’ the Appalachian economy
Ryan McCarthy, The Washington Post
As Chico Harlan writes, the economy of the central Appalachian region has been tied to the highs and lows of the coal industry for decades.
Nathan Tinkler’s coal-mining comeback crumbles
Jeremy Grant, Financial Times
Nathan Tinkler’s hopes for a comeback in the coal industry have been dealt a serious blow by the collapse of the Australian entrepreneur’s deal with Peabody to buy the US coal producer’s Wilkie Creek coal mine in Australia.
Royal Dutch Shell seeks fresh Arctic drilling permits
Ed Crooks, Financial Times
Royal Dutch Shell has asked Washington for permission to drill in the Arctic, off the coast of Alaska. The move keeps open the possibility that the oil group could resume its exploration campaign there next summer.
US announces solar-energy deal with Myanmar
Vicki Needham, The Hill
U.S. Trade Representative Michael Froman announced on Thursday the first-ever solar energy project in Myanmar’s Mandalay region, which is expected to increase power generation by upward of 12 percent.
Siemens halts work on Skerries tidal array
Siemens has suspended work on its 10MW Skerries tidal array in Wales two months after a £10m government grant was withdrawn.
BMW joins Cadillac wooing Silicon Valley to combat Tesla
Tim Higgins, Bloomberg
BMW scored a coup this month when former Apple Inc. executive Tony Fadell became one of the first U.S. owners of the new $136,000 i8 plug-in sports car.
‘Smart’ car group promises less oil use, better air
Julian Hattem, The Hill
New connected cars and trucks that talk to each other and better manage resources could save hundreds of millions of barrels of oil and dramatically reduce air pollution, supporters said.
Green data centre energy warning over inefficient servers and big data strain
Roland Moore-Colyer, V3.co.uk
Data centres used by small and mid-sized firms are wasting huge amounts of energy, environmental group the Natural Resources Defense Council (NRDC) has warned.
Brazil Vows Water Supply Is Under Control as Basins Dry
Vanessa Dezem, Bloomberg
The state of Sao Paulo is facing its worst drought in eight decades, threatening the water supplies for 20 million people — but you wouldn’t know that by asking Brazil’s elected officials.
EPA blasts ‘myths’ on water jurisdiction rule
Timothy Cama, The Hill
The Environmental Protection Agency (EPA) hit back Thursday after a top Republican accused it of trying to take over large pieces of private land and water.
Hawaii’s tourism industry warned climate change will means fewer beaches and waterfalls
The Associated Press
A University of Hawaii report is warning the state’s tourism industry to start preparing now for the effects of climate change.