Japanese banks’ departure from coal-fired power plant financing may open...
Business Mirror: More financial institutions in Asia are likely to end their support for coal power projects after Japan’s two largest institutional banks recently announced that they would stop...
View ArticleBig oil gets bailed out, but not as big as it used to be
The New Yorker: On some long-distant day when some as-yet-unborn historian sits down to write the story of climate change—the story of the greatest crisis humans ever faced—it’s possible that they’ll...
View ArticleIEEFA Report: India’s PFC Non-Performing Assets Total $6.8 Billion
The Sentinel: Government-owned Power Finance Corporation (PFC) has accumulated non-performing assets (NPAs) totalling Rs 47,454 crore ($6.8bn) as of December 2019, a new report by the Institute for...
View ArticleIEA: Coal-fired recovery in China could lead to rebound in carbon emissions
Eurasia Review: This year’s record drop in carbon emissions due to the COVID-19 crisis has renewed questions about China’s continued push for coal-fired power as the government pursues economic...
View ArticleNew York’s Con Edison commits to $1.5 billion in energy efficiency spending...
Utility Dive: Con Edison announced a $1.5 billion energy efficiency initiative during its Monday annual meeting, including customer incentives for ground and air-source heat pumps. The new investment...
View ArticleEIA: U.S. renewable energy consumption topped coal in 2019
Greentech Media: The U.S. got more energy from renewables in 2019 than it did from coal, a year sooner than that same milestone is expected for the electricity sector on its own, according to the...
View ArticleAlready clean, emissions from electric vehicles become even cleaner in wake...
Gizmodo: I think we can all agree that pretty much everything sucks right now, and it’s very rare to see even a small bit of good news. That’s why I got so excited to see a little bit of that good news...
View ArticleSustainable recovery from pandemic possible with government planning
Forbes: On April 14, the International Monetary Fund (IMF) released its latest economic update that provided details on the impact on the global economy from the COVID-19 pandemic. Gita Gopinath, IMF’s...
View ArticleRenewables make headway in Wyoming despite pandemic shutdown
Energy Central: Renewable energy sources have contributed to more of the nation’s electricity supply than coal this spring, despite a national slowdown in electricity demand, according to new data...
View ArticleU.S. coal consumption ‘will be crushed in 2020’—Moody’s
Bloomberg: Earnings for North American coal miners may plunge by more than half this year as the coronavirus pandemic makes a weak market even worse, according to Moody’s Investors Service. “Coal...
View ArticleBangladeshi electricity overcapacity costing about $1 billion in annual...
The Asian Age: Bangladesh’s electricity generation overcapacity, which remained idle and incurring around $1.0 billion subsidies annually, is creating major financial implications on the government’s...
View ArticleMassachusetts may become third state to begin planning for transition away...
Utility Dive: Massachusetts Attorney General Maura Healey on Thursday called for the Department of Public Utilities (DPU) to investigate the future of the state’s natural gas industry “to protect...
View ArticleItalian regulators okay Enel plan to close 605MW coal-fired unit at Brindisi...
Argus Media: Italian utility Enel will shut down one of the four units of its 2.4GW Brindisi south coal-fired plant starting from next year. The Italian economic development ministry authorised the...
View ArticleIllinois co-op says closing 170MW unit at Marion coal plant will save $125...
The Southern Illinoisan: Southern Illinois Power Cooperative plans to retire its largest coal-fired generator as early as this fall, a move that is expected to save $125 million over a decade....
View ArticleSouth Carolina utilities seeking bids for 500MW of new solar generation capacity
Renewables Now: Power and water utility Santee Cooper and Central Electric Power Cooperative Inc, a wholesale electric services provider, have initiated a bidding process with the goal of procuring up...
View ArticleTokyo Electric to invest $18 billion in renewable energy over the next 10 years
Bloomberg: The renewable power unit of the nation’s biggest utility plans to spend more than ¥2 trillion ($18 billion) over the next 10 years to boost its green power generation by as much as 70...
View ArticleNew study finds U.S. grid can be 90% clean by 2035, and cost less too
Greentech Media: It will be feasible to power the U.S. on 90 percent clean electricity by 2035 thanks to stunning declines in the costs of renewables, a new study finds. In just a few years,...
View ArticleEIA: 2020 U.S. coal production to total 530 million tons, down 25% from prior...
S&P Global Market Intelligence ($): The U.S. Energy Information Administration further lowered its coal production forecasts for 2020, predicting a 25% drop in domestic coal production from 2019...
View ArticleWood Mackenzie: U.S. utility-scale solar installations projected to hit a...
Reuters: New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more than outweighs a dramatic...
View ArticleIndiana utility Vectren charts quick transition away from coal to renewable...
E&E News: The electric utility serving southern Indiana’s coal country yesterday announced a plan to transition swiftly from coal to renewable energy as part of a strategy it said would save...
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