Extreme weather events are exacting a high—and rising—price. Utilities need to devise and implement strategies to adapt. he Fourth National Climate Assessment, released in late 2018, stated that climate change was already having noticeable effects in the United States and predicted “more frequent and intense extreme weather and climate-related events,” such as floods and hurricanes. […]
4,500 Amazon employees write to Jeff Bezos calling for ‘urgent’ leadership on climate change
More than 4,520 Amazon employees signed an open letter to Jeff Bezos demanding the company get serious about climate change. The letter comes days after a Gizmodo report revealed how aggressively Amazon is courting oil and gas companies. The signatories made a series of demands, ranging from an emissions-cutting timeline, to a demand for fair treatment of […]
MIT Energy Conference explores changes to the grid in coming decades
Student-run event spans energy policy, carbon pricing, storage technologies, and the rise of renewables. The 14th annual student-run MIT Energy Conference, the nation’s largest such event, reflected an increasing maturity in the low-carbon and zero-carbon energy field. A global push toward carbon-free energy, many speakers made clear at the event, held April 4 and 5 […]
ADB signs loan to finance SUS Environment’s waste-to-energy project in PRC
ADB’s loan to SUS will expand the PRC’s low-carbon circular economy and make cities more livable, through integrated urban waste management systems. The Asian Development Bank (ADB) signed a $100 million loan with Shanghai SUS Environment Company Limited (SUS) to finance a portfolio of innovative and socially inclusive waste-to-energy (WTE) facilities within low carbon eco-industrial […]
Ratings for renewable energy: Metrics and evaluation for renewable energy/infrastructure project risk
This paper proposes a framework that allows transparent evaluation of renewable energy infrastructure projects. While there has been substantial increase in renewable energy investment in the last decade, a gap still exists between the actual capital flows and what is required to meet climate-mitigation targets. This report builds on a review of the current renewable-energy […]
Can China keep its climate promises and source 20% energy from renewables by 2030?
Tripling the share of non-fossil fuels will require a major overhaul of China’s recalcitrant power sector and the full deployment of a fledgling emissions trading system, they said in the journal Nature Communications Paris: China can easily meet its Paris climate pledge to peak its greenhouse gas emissions by 2030, but sourcing 20 per cent […]
Agreement signed to generate clean energy through rooftop PV system in West Bank
The EIB’s investment, which falls under the Economic Resilience Initiative (ERI) will generate 35 MW of clean energy enough to power more than 16000 houses across the West Bank. The European Investment Bank (EIB) and the Palestine Investment Fund (PIF) have signed a loan agreement worth USD 18 million to finance the installation of rooftop […]
AfDB President expected to pitch for promotion of renewable energies in OPS 2019
The Bank’s President will be actively involved in high-level conversations, sectoral deep dives and coalition building for climate and environmental action in Africa. The President of the African Development Bank Dr Akinwumi Adesina, will lead a delegation to the One Planet Summit (OPS 2019), which will take place in Nairobi, Kenya on 14 March 2019 […]
Study shows climate change impacts wind energy industry
Over the past 40 years, annual energy production from wind in India has declined by about 13 percent, says study. Researchers have also found that the Indian monsoon is weakening as a result of warming waters in the Indian Ocean, leading to a steady decline in wind-generated power. Another study states that wind farms are […]
Spanish climate plan mandates 6GW-by-2030 boost for energy storage
Upcoming snap elections in Spain will decide whether newly-proposed measures including a nation-wide 6GW boost to energy storage become a reality. Draft climate change legislation green-lighted by Spanish ministers last Friday mandates a 3.5GW increase in pumped storage capacity by 2030. This, according to the legislative package tabled by Pedro Sánchez’s socialist government, would be […]