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Solar is Having a Great Year, Except on Wall Street

      

Solar panels are seen in the Palm Springs area, California April 13, 2015. Picture taken April 13, 2015.
Reuters/Lucy Nicholson

reuters.com - by Nichola Groom - August 14, 2015

By almost any measure, the U.S. solar market is on fire.

Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like California, and the fledgling industry received a vote of confidence last week when U.S. President Barack Obama announced a groundbreaking plan to curb power plant emissions. Even China's currency devaluation could cut panel costs for U.S. solar installers.

Wall Street, however, has been dumping solar shares this year, largely on concern, which investors say is misplaced, that tumbling oil prices will sap demand for alternative energy, even though oil isn't used to generate power.

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Solar Is a Serious Threat to Electric Utilities

energymanagertoday.com - by Karen Henry - August 5, 2015

Eighty percent of electric utilities believe distributed generation (DG), particularly solar photovoltaic (PV), is a serious challenge to their business, according to the 2015 Strategic Directions: US Electric Industry Report released by Black & Veatch.

The global engineering consulting company conducted an industry-wide survey from May 14 through June 5, 2015, to examine how electric utilities balance the intersecting interests of regulation and reliability with increased customer participation in the grid. More than 400 electric utility or electric industry stakeholders completed the online questionnaire.

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Business Facilities: 2015 State Rankings Report

Posted by:  Albert Gomez

By Business Facilities Staff
from the July/August 2015 Issue annual-rankings-report

We’ve revamped our Metro and Global rankings this year to include some new technology oriented benchmarks. The new Metro category entries include Advanced Manufacturing (Specialization), Tech Jobs Leaders, Fastest Broadband and STEM Leaders. Our Global Rankings this year also include a new ranking for Leading ICT Hubs (European Cities).

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Fact Sheet: President Obama to Announce Historic Carbon Pollution Standards for Power Plants

whitehouse.gov - Office of the Press Secretary - August 3, 2015

The Clean Power Plan is a Landmark Action to Protect Public Health, Reduce Energy Bills for Households and Businesses, Create American Jobs, and Bring Clean Power to Communities across the Country

Today at the White House, President Obama and Environmental Protection Agency (EPA) Administrator Gina McCarthy will release the final Clean Power Plan, a historic step in the Obama Administration’s fight against climate change.

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100% renewables by 2045 is now the law in Hawaii

Link to Article:  http://www.argusmedia.com/News/Article?id=1051970

Hawaii law sets target of 100pc renewables by 2045

 

9 Jun 2015, 2.15 pm GMT

Washington, 9 June (Argus) — Hawaii's governor David Ige (D) signed legislation making the island state the first in the US to set a mandate for all electricity to come from renewable resources.

The governor signed HB 623, which requires electric utilities to supply 100pc of their sales with renewables by 2045. The new renewable portfolio standard includes interim targets of 30pc by 2020, 40pc by 2030 and 70pc by 2040. HB 623 replaces a previous standard that called for 15pc by 2015, 25pc by 2020 and 40pc by 3030. The bill takes effect on 1 July.

Ige said the move to local sources of energy will help the state's economy, which relies on about $5bn/yr in oil imports. Fuel oil provides about 70pc of the state's electricity, according to the Energy Information Administration (EIA).

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Three Ways the World’s Power Mix Is About To Change

weather.com - June 26th, 2015 - Brian Kahn

Big changes are afoot for the energy sector in the next 25 years. Coal and gas are headed out, and solar and wind are rushing to take their place on a multi-trillion dollar investment bonanza, according to a new report from Bloomberg New Energy Finance. The report scopes out the power generating landscape through 2040.

The main reason for the big shift in power generation isn’t likely to be because of a grand climate agreement, national policies or carbon pricing scheme, though. Instead, it comes down to cold, hard cash, with renewables offering more power-generating bang for the buck than fossil fuels. Here are the three big numbers.

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Seven Graphics that Explain Energy Poverty and How the US Can Do Much More

          

cgdev.org - by Todd Moss and Madeleine Gleave - February 18, 2014

1.     Energy poverty is an endemic and crippling problem; nearly 600 million people in Africa live without access to any power, which also means no access to safer and healthier electric cooking and heating, powered health centers and refrigerated medicines, light to study at night, or electricity to run a business.  Here’s the situation in the 6 countries chosen to be part of President Obama’s Power Africa Initiative, home to nearly 1/3 of the continent’s population:

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Coal Crash: How Pension Funds Face Huge Risk From Climate Change

           

Coal is moved on a conveyor belt at the PT Bukit Asam open pit coal mine in Tanjung Enim, South Sumatra province, Indonesia. Photograph: Dadang Tri/Getty Images

Special report: The plummeting coal sector and a growing green divestment movement is leaving firms who still invest in fossil fuels and connected pension holders heavily exposed

theguardian.com - by Damian Carrington and Caelainn Barr - June 15, 2015

The pension funds of millions of people across the world, including teachers, public sector workers, health staff and academics in the UK and US, are heavily exposed to the plummeting coal sector, a Guardian analysis has revealed.

It has also found that just a dozen people, including the owner of Chelsea FC, Roman Abramovich, own coal reserves equivalent to the annual carbon emissions of China, the world’s biggest polluter. The UN, which advocates a shift to clean energy, has more than $100m (£65m) invested in coal through its own pension fund.

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Don't Fall Behind as More Climate Legislation Rules the World

           

London School of Economics

greenbiz.com - by Michael Mathres - June 4, 2015

CLICK HERE - REPORT - 2015 Global Climate legislation Study

A lot of times businesses look to or blame,  governments for a lack of a national strategic economical direction for tackling climate change. This often leads to climate inertia where each party looks to the other for leadership and action.

However, according to a new report from the London School of Economics, this is no longer the case, and business have plenty of climate laws and policies from which to be inspired or adapt.

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Climate Change: Six Major Energy Companies Write to United Nations to Request Help in Setting Up Carbon Pricing Scheme

      

A carbon pricing scheme would involve a fee being charged to emit the greenhouse gas and the proceeds would probably go to companies that reduce them

independent.co.uk - by Ian Johnston - May 31, 2015

Six major energy companies have written to the United Nations asking for help in setting up a carbon pricing scheme to help tackle climate change.

BP, Royal Dutch Shell, Total, Statoil, Eni and the BG Group asked Christiana Figueres, executive secretary of the United Nations Framework Convention on Climate Change, to help them hold “direct dialogue with the UN and willing governments” about developing a scheme to charge those who produce carbon emissions. . . .

. . . The companies’ chief executives revealed the move in a letter to the Financial Times, which said: “We owe it to future generations to seek realistic, workable solutions to the challenge of providing more energy while tackling climate change.”

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