The surprise Conservative victory in the recent UK elections have some worrying about the future of renewable and climate progress, but officials are now calming those fears.
European Union negotiators are endorsing an accelerated overhaul of the bloc’s carbon market after the price of emission rights fell to levels that fail to deter polluters.
In my recent report on the utility business model of the future, I laid out 5 pillars of a democratic energy system. It’s hard not to notice the contrast between this vision of the future and the 15-year business plan laid out by Xcel Energy in Minnesota, the incumbent monopoly serving about half the state’s electric customers. Like those of its pe
Just over a decade ago, the state of California faced serious concerns about whether its utilities could generate and/or buy enough power to assure that the world’s seventh-largest economy could keep the lights on. The infamous California energy crisis, which affected several other western states as well, was a complex tangle of poorly structured deregulation, significant market manipulation (remember Enron?), and other causes. Along with rolling blackouts, California endured an official state of emergency that lasted 34 months, led to the recall and replacement of Gov. Gray Davis, and cost the state and its ratepayers billions of dollars — a cautionary tale for all states of electricity supply unable to meet demand.
Lawrence Summers famously wrote, “there are idiots, look around” in an attack on the theory that markets are rational. What some have called “Summers’ Law” certainly applies to the markets’ response to the slide in the price of oil as it relates to stocks of renewable energy companies.
This week, the US Supreme Court agreed to review a ruling by a lower court holding that FERC, the Federal Energy Regulatory Commission, has no jurisdiction to regulate demand response markets run by ISOs and RTOs. Based in large part on FERC order 745, these markets currently support investments in distributed energy resources and energy efficiency
My Ten Clean Energy Stocks for 2015 model portfolio held on to first quarter gains in April, despite a 29 percent fall for one of the stocks. (For details on that decline, see the Power REIT (NYSE:PW) section below.)
Europe’s utilities are re-evaluating their business models due to the energy transition. Members of POWER-GEN Europe’s Advisory Board consider how a reliance on fossil fuels is no longer politically desirable, forcing utilities to transform their portfolios to adapt to radical change.
The World Bank indicated in its new report "Building Competitive Green Industries: The Climate and Clean Technology Opportunity for Developing Countries" that small and medium-sized enterprises (SMEs) in developing countries are set to undergo significant growth and create more jobs in the field of clean technology. Anabel Gonzalez, senior director for the World Bank's Global Practice on Trade and Competitiveness, said developing home-grown clean-tech industries will help developing countries more effectively increase the adoption of low-cost clean energy and drive sustainable economic development.
Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants.
For at least the next 10 years, when considering new capacity, there should be little doubt that renewables will be the generation method of choice. Utility PV, solar thermal (especially with molten salt storage as a baseload source), wind, rooftop solar and biomass will be the highlights, along with contributions from biogas (sewage, landfills and
A $2 trillion push in the U.S. to blend renewable energy into the power supply and fortify transmission lines against extreme weather means that Americans must act more like Europeans to keep their power costs down.