Archive for May, 2017

More News and Commentary

IEEFA Europe: The Cost of Wind-Powered Electricity Is Dropping

IEEFA Europe: The Cost of Wind-Powered Electricity Is Dropping

Trend in Onshore Pricing in Spanish, German Auctions Follows What’s Happening Offshore as Well

Onshore wind auctions in Spain and Germany last week confirmed the trend in the falling cost of renewables in Europe. The trend is being driven by a shift to auctions that are doing a better job of revealing the true cost of generation than former feed-in tariff schemes. Auctions are capturing real cost reductions in […]

May 31, 2017 Read More →

IEEFA Update: Shareholder Vote on Exxon Mobil’s Climate-Risk Transparency Suggests a Larger Opening

Fiduciaries Who Embrace Their Responsibilities Will Look Beyond Fossil Fuels

A shareholder vote today on a proposal that would require Exxon Mobil to be more open about the climate risks facing the company is an exciting moment in activist-investor history. Mainstream institutional investors are joining with climate activists in a call for more truth in how Exxon Mobil manages—or mismanages—climate risk. Shareholders are asking specifically […]

What the Demise of Oil Looks Like

Bloomberg News: The International Energy Agency sees oil demand rising more than 10 percent, to 103.5 million barrels a day by 2040, while companies predict even faster growth. But forecasters don’t always anticipate seismic shifts in technology and policy that could slow demand growth, or even eliminate it altogether in some parts of the economy. […]

May 31, 2017 Read More →

In China, the Climate Deniers Go Silent

Foreign Policy Magazine: After 2011, no more climate skeptic books were published. China’s state leaders stopped their skeptical statements, and the intense online discussions diminished. Just as it was gaining steam, the conspiracy theory seemed to disappear. And along with it, any public mention of climate change denial. As climate skeptics were gaining a steady […]

May 31, 2017 Read More →

On the Blogs: U.S. Energy Information Administration Underestimated the Rise in Renewables

Ars Technica: According to the EIA, renewable energy sources like wind, solar, and geothermal power accounted for 10.68 percent of total electricity generation in the first quarter of 2017. If you include electricity from conventional hydroelectric plants, renewables made up nearly a fifth of total electricity generation—as much as 19.35 percent. The striking part about […]

May 31, 2017 Read More →

IEEFA Asia: More Evidence of Stark Change in Seaborne Thermal Coal Markets

A ‘JKT’ Triad—Japan, South Korea, and Taiwan—Sets a 21st Century Course for Clean Energy; Expect Further Transformation in the Next Year or Two

Word out today that Taiwan has attracted $60 billion in foreign capital commitments to renewable-energy projects adds to the fast-gathering momentum around the electricity sector transition taking deep root across Asia. An excerpt from the article posted this afternoon by Nikkei Asia Review: Global renewable energy companies are rushing to set up offshore wind farms […]

May 30, 2017 Read More →

Some in Japan Push for a Rethinking of How the World’s Third-Largest Economy Produces Electricity

Bloomberg News: The man guiding Japan’s environment policy has a message for his country’s corporate titans – get ready because putting a price on carbon is all but inevitable if global warming is to be held at bay. “Carbon pricing is one effective measure to create a low-carbon society,” Koichi Yamamoto, Japan’s environment minister, said […]

May 30, 2017 Read More →

On the Blogs: U.S. Corporations Are Driving the Push for Green Energy, Renewables Especially

Wamsted on Energy: The Trump administration’s budget proposal for the coming year threatens to do exactly what the president promised as a candidate: eviscerate federal funding for climate change programs. The Energy Department’s highly successful renewable energy office would be particularly hard hit, with the administration’s proposal calling for a roughly 70 percent cut in […]

May 30, 2017 Read More →

On the Blogs: FirstEnergy (NYSE: FE) Is a Dog

Forbes.com: Sometimes it’s best to sell in May and just stay away. Especially when a firm’s dividend stream is being eaten alive by Amazon & Co. The Wall Street Journal’s Mark Hulbert studied the “summer rally myth” last year – and concluded it is indeed a good time to sell: “Over the past 60 years, […]

May 30, 2017 Read More →

Powder River Basin of Wyoming Is Losing Its Coal-Buying Customers

Casper Star Tribune: While locals counter by saying that the coal industry will survive at a new normal, and economists have said Wyoming coal mining will be the last to go down, the Cowboy State doesn’t dictate the electricity market; it simply provides the material. And many power plants that buy the Powder River Basin […]

May 30, 2017 Read More →