Last week the German government reported that the Portugal produced so much renewable energy on a particularly sunny, windy Sunday that there was a power surplus.
In may 2016, Portugal ran for more than half a week without having to resort to fossil fuels. Thanks to a big push toward solar, wind, and hydro power and a little nudge from the EU, for four days, Portugal produced enough clean, sustainable electricity to meet the needs of its people. Read More
G20 Summit: India and Saudi Arabia rejected world climate ambitions
Are fossils still lucrative for investors? Does the divestment campaign have a material effect on the industry that they are attacking, and thus the transition to sustainability and the reduction of CO2 emissions? Read More
Yesterday, US Secretary of State John Kerry announced a doubling of the US payments on climate aid from 430 to $ 860 million in 2020. With this gesture of goodwill the White House hopes for a possible signal from the developing countries.
Yesterday, the new concept agreement was finished. Just two hours later than promised.
It is 29 pages shorter than the previous one (43)
More than three quarters of the discussion have been resolved.
The United States is the greatest risk, CarbonTracker states, with a cost of $ 412 billion in stranded assets “unnecessary fossil projects in 2025. Second in risk is Canada (220 billion). Than China (179 million), Russia (147 billion ) and Australia (US $ 103 billion).
The next decade fossil energy companies will lose possibly $ 2.2 trillion in investments, according CarbonTracker in a recent report.
COP21: Rallies call for Paris climate change action
Will the negotiations in Paris lead to an international climate agreement? The question seems not to be whether the negotiations lead to an agreement but what bottom line, the results of the agreement will be.
Five questions about the climate issues. Read More
Berkeley Earth has just released analysis of land-surface temperature records going back 250 years, about 100 years further than previous studies. The analysis shows that the rise in average world land temperature globe is approximately 1.5 degrees C in the past 250 years, and about 0.9 degrees in the past 50 years.
With 195 participating countries and 3000 journalists we can expect a lot of news from Paris during the next days.
In advance, a summary of the top in figures. Read More
Businesses have a major role to play in driving low-carbon growth
Fear is a bad counselor, when it’s about terrorists and refugees. But it’s a welcome guest at the big climate summit that begins today in Paris. Global warming needs to be stopped, we are running running out of time.
Energy companies need flexible plants that can quickly respond to peaks in demand and supply
Because of the growth in the number of solar panels in Europe, Energy Companies have to consider new business models.
Strategy consultant Berger:
‘By 2030, solar power will supply half of the peak demands for energy.’
The fact that more and more consumers produce their own power, is forcing energy companies to think about their future. On sunny days Europe scores enormous energy surpluses. This distorts the market for energy companies. They feel the impact of solar energy and therefore must adjust their operations. Read More
Chile Promotes Non-Conventional Renewable Energies by giving the energy plant order to Abengoa for their Concentrated Power Plant
There are more and more stories of Concentrated Solar Plant (CSP) overruling fossils. The interest on investments in Concentrated Solar Power Plant are artificially high.
In 2014 Chile wrote a tender for a large energy plant. Both fossil and renewable players were invited to subscribe.
Abengoa – one of the largest providers of CSP plants – has won the tender with a combination of PV and CSP to 11.5 cents per kWh. The kWh price is still too high because banks are still asking ‘risk’ interests for the investments. Read More
There is a huge global movement towards renewable energy. Climate change disasters already cause grieve to millions around the world. This stimulates initiatives that will change the world in unpredictable ways. The directors of the oil and gas companies can not deny the changes.
Oil and gas companies such as Shell have the unique expertise to help with the construction of the future energy supplies.
Yet they do not. According to Kamp – former Shell manager – the strategy of oil and gas companies is doomed to fail.
“Like the bank, oil and gas companies won’t change their strategies. They are earning still too much money with fossil fuels.”