You are here: Home » Subject » Climate Risk
Climate Risk
More News and Commentary
IEEFA
Energy Storage News: A 25MW four-hour (100MWh) battery storage project has been connected to the grid by Arizona utility company Salt River Project (SRP). SRP said last week that the project at its Bolster substation is currently the biggest standalone battery energy storage system (BESS) in the southwestern US state, sited adjacent to the utility’s […]
IEEFA
Reuters: Sun cable, an Australian-Singapore venture, will invest $2.5 billion in Indonesia as part of an ambitious solar power project to provide Singapore with up to 15% of its energy requirements, officials said on Thursday. The Australia-Asia Power Link will from 2027 harness solar energy from the world’s largest solar farm and battery storage facility […]
IEEFA
Renew Economy: EnergyAustralia says it has brought forward the closure of the Mount Piper coal-fired power station in NSW by three years, as part of a plan to accelerate its exit from coal. EnergyAustralia had originally indicated that the 1,400MW Mount Piper coal power station – near Lithgow – could operate until at least 2043. […]
Tom Sanzillo
Harvard divestment raises issue of climate, ethics and investments by higher ed and philanthropies
The recent decision by Harvard to divest from fossil fuels is part of a trend and also a precedent-setting event. Earlier this year, BlackRock informed the New York City pension funds that the divestment movement is no longer limited to small investment funds. Its report found that an increasing number of large institutional investors are […]
Tim Buckley
Already the world’s leading investor in zero emissions industries of the future, now China pledges it will end international funding of coal
President Xi Jinping of China has made a profoundly important announcement overnight at the United Nations General Assembly in a speech titled: ‘Building confidence and jointly overcoming difficulties to build a better world’. “China will step up support for other developing countries in developing green and low-carbon energy, and will not build new coal-fired power […]
IEEFA
Reuters: China’s pledge to stop building coal-fired power plants overseas could cull $50 billion of investment as it slashes future carbon emissions, analysts said, although Beijing’s own domestic coal programme is still propping up the dirty fossil fuel. Chinese President Xi Jinping said in a pre-recorded address at the United Nations General Assembly on Tuesday […]
IEEFA
S&P Capital IQ ($): Various utilities urged the Federal Energy Regulatory Commission to reject the Tri-State Generation and Transmission Association Inc.’s modified rules and procedures used to set its exit fees for departing members, while others said the changes marked a considerable improvement. Tri-State proposed a modified contract termination payment, or CTP, procedure, drawing both […]
IEEFA
Reuters: A U.S. solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30% of the solar capacity the nation is expected to install over the next two years. The Commerce Department is poised to decide by end-September whether to launch a trade investigation into solar cells […]
IEEFA
Bloomberg ($): South Africa’s energy regulator and energy department have are facing a demand from some of the country’s leading environmental groups to halt plans to allow the construction of new coal-fired power plants or face legal action. Plans for the construction of 1,500 megawatts of coal generation capacity are included in the 2019 Integrated […]
IEEFA
The Scotland Herald: AN ABERDEEN-based renewables firm has hailed the completion of what is claimed to be the world’s largest floating windfarm. Kincardine Offshore Windfarm Ltd (KOWL) said the milestone also marks the start of the long-term Power Purchase Agreement (PPA) signed in 2018 with Oslo-based Statkraft, which will purchase the electrical output from the […]
IEEFA U.S.: Harvard fossil fuel divestment can serve as model for other institutions nationally and globally
Harvard divestment raises issue of climate, ethics and investments by higher ed and philanthropies
The recent decision by Harvard to divest from fossil fuels is part of a trend and also a precedent-setting event. Earlier this year, BlackRock informed the New York City pension funds that the divestment movement is no longer limited to small investment funds. Its report found that an increasing number of large institutional investors are […]