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Capital for Clean Energy Easier to Find as Investors Seek Simplicity

Simplifying finance vehicles for renewable energy will lure more investors and lower the costs of capital.




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Post-Fukushima Japan Taps Coal Over Renewables

Prime Minister Shinzo Abe is pushing Japan’s coal industry to expand sales at home and abroad, undermining hopes among environmentalists that he’d use the Fukushima nuclear accident to switch the nation to renewables.




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GE Reportedly in Talks to Buy France’s Alstom for $13 Billion

General Electric Co. is in talks to buy Alstom SA, the French builder of trains and power plants, people with knowledge of the matter said, in what would be GE’s biggest acquisition ever.




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Japan Market for Small Geothermal Projects to Expand, Says IHI

IHI Corp., a maker of everything from aircraft jet engines to gas turbines, expects the market for small-scale geothermal projects to take off in Japan as the country seeks cleaner sources of energy.




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Former Banker Will Now Oversee Renewable Energy in India

Indian Prime Minister Narendra Modi appointed a former banker to oversee coal, power and clean-energy reforms in a move aimed at resolving fuel bottlenecks and chronic blackouts hampering economic growth.




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Is Natural Gas Sucking Investment from Renewable Energy?

U.S. President Barack Obama says natural gas can be a bridge from coal to a cleaner energy future. Investors are showing it’s more likely a bridge to nowhere.




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The U.S. and Canada can benefit from pioneering ocean energy work in the United Kingdom

The United Kingdom is known for its pioneering work in wave, tidal and ocean current energy. The U.S. and Canada have vast marine resources and would benefit from partnerships with UK companies in a number of ways, including building expertise, sharing lessons learned and fostering industry growth.




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French State Bank Sets Aside 5 Billion Euros for Green Projects

Caisse des Depots et Consignations, a French state bank, is setting aside 5 billion euros ($6.8 billion) for green projects after the government proposed a law to spur use of renewable electricity and boost efficiency.




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US Ex-Im Hangs in Balance as Chief Defends Bank Against Critics

U.S. Export-Import Bank Chairman Fred Hochberg mounted a defense of the 80-year-old agency as Republicans weigh eliminating the lender they say backs major corporations with political connections.




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Rehabilitation of Turbines at the Ohakuri Hydro Power Station

Turbine rehabilitation at the 112 MW Ohakuri Hydro Power Station in New Zealand was owner Mighty River Power's most complex program of works of any it had previously performed.




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Japan Bank Sets Aside $2 Billion for Clean Energy

Shinsei Bank Ltd., a lender for Goldman Sachs Group Inc.’s clean-energy projects in Japan, plans to provide as much as 200 billion yen (US $2 billion) in loans for renewable developments.




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India to Sart Construction on German-backed $8 Billion Renewable Grid Project

India will begin construction this year on an $8 billion project backed by Germany’s development bank to upgrade its grid to handle a more than doubling of renewable power capacity by 2022.




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South Africa Seeks to Improve Process for Renewable Energy Deals

South African Energy Minister Tina Joemat-Pettersson said her department wants to address weaknesses in the process of commissioning renewable-power projects.




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Drillers Look for Geothermal in the Depths of Paris

In the midst of a suburban sprawl halfway between the Eiffel Tower and Paris’s busy Orly airport, a drilling crew works night and day burrowing deep into the Earth’s crust in search of underground heat.




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RGGI Chair Says States Won’t Leave Emissions Trading Market for California, Quebec

California and Quebec, which together created the largest carbon market in North America this year, may come away empty-handed as they woo northeastern U.S. states to join their system.




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Ukraine Crisis May Spur EU Clean Energy Policies, Neste Oil Says

Europe’s concern about its reliance on Russian fossil fuels may spur governments to prioritize alternative energy, the head of Neste Oil Oyj said.




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EU Seeks Faster Renewable Energy Integration Amid Crisis in Ukraine

The European Union is seeking to speed up the creation of a common energy market to help its shift to a low-carbon economy and boost security of energy supplies amid a natural-gas dispute between Russia and Ukraine.




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KenGen Plans Joint Ventures for Kenyan Geothermal Power Projects

Kenya Electricity Generating Co., the East African nation’s biggest power producer, plans joint ventures to complete its geothermal projects in Olkaria, Chief Executive Officer Albert Mugo said.




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UK Green Bank Set to Draw Offshore Wind Investors to $1.6 Billion Fund

The U.K. Green Investment Bank is set to tie up the first investments in a $1.6 billion fund by the end of March, part of Britain’s push to cement its dominance in offshore wind power.




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Australia Seeks to Reduce Renewable Energy Target to ‘Real’ 20 Percent

Prime Minister Tony Abbott’s government will negotiate with the opposition to cut Australia’s renewable energy target and exempt industries such as aluminum and copper smelting.




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Carbon Breakthrough: US, China Make Milestone Agreement to Fight Climate Change

President Barack Obama pledged deeper U.S. cuts in greenhouse-gas emissions and China will for the first time set a target for capping carbon emissions under an agreement between the world’s two biggest economies.




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Japan's Prime Minister Re-Election Risks Undercutting Clean Energy Push

Shinzo Abe’s re-election as prime minister risks undercutting Japan’s commitment to clean energy at a time when incentives are under review and the nation’s utilities say they can’t accommodate capacity already planned.




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California Governor Seeks to Increase Renewable Energy Mandate to 50 Percent

California Governor Jerry Brown proposed spending $59 billion to fix crumbling roads and raising the state’s renewable energy mandate to 50 percent.




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Brazilian Bank Raises $408 Million for Renewable Energy and Water Projects

The Brazilian bank Itau Unibanco Holding SA raised 1.05 billion reais ($408 million) to finance renewable energy and water treatment projects.




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Geothermal Saves Kenya $24 Million of Fuel Monthly, Says KenGen

New power-generating units at Kenya’s Olkaria I plant are saving East Africa’s biggest economy about 2.2 billion shillings ($24 million) a month on fuel costs, according to the country’s biggest electricity producer.




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Harvard’s Star Alumni Urge Week of Fossil Fuel Protests

Actress Natalie Portman, environmentalist Robert F. Kennedy, Jr., and other high-profile Harvard University alumni are calling for demonstrations to urge divestment from fossil fuels.




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Clean Energy Makes Up Record Share of UK Power with Coal-to-Biomass Conversions

U.K. electricity from low-carbon sources accounted for almost a quarter of the country’s generation in the fourth quarter as Drax Group Plc converted a second coal-power plant to burn wood.




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Republican Texas Bows to California and Backs Energy Finance Plan

Jim Keffer is Republican state lawmaker in Texas with a permit to carry a concealed weapon and doubts about whether human activity is causing global warming.




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Australian Clean Energy Deadlock Spurs Companies to Focus Abroad

Political deadlock over Australia’s clean energy future is prompting companies such as Vestas Wind Systems A/S and Acciona SA to increasingly turn to rival markets for growth.




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Carbon Market Overhaul Closer After EU Lawmakers Approve Plan

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.




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EU Raises Concern That UK, France Won't Meet Renewables Goal

The European Commission raised concern that the U.K. and France may not meet their 2020 renewable energy targets, saying the two countries should examine whether they’re doing enough to reach the goals.




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Where Coal Was King, Pope's Climate Warning Faces a Tricky Sell

In West Virginia, where workers have harvested coal seams for centuries, Pope Francis’ new warning about the risks of fossil fuels will find skepticism even among the faithful.




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For All Their Talk, Colleges Divest Little After Climate Protest

Stanford, Oxford and Georgetown universities have won praise for promising to purge their endowments of direct investments in coal, embracing the fight against climate change.

 




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‘Snail’s Pace’ in Climate Talks, Weak Pledges Frustrate UN Chief

The secretary general of the United Nations is frustrated with the pace of negotiations for what’s intended to be a crucial agreement limiting global warming.

Climate change pledges submitted so far from the world’s leading economies won’t be enough to keep the planet from warming dangerously, UN Secretary General Ban Ki-moon said Monday in New York.

Proposals to reduce heat-trapping emissions need to be “a floor, not a ceiling,” he said.

The global increase in temperatures will exceed 2 degrees Celsius (3.6 degrees Fahrenheit) under the national pledges already submitted to UN, Ban said. That’s the goal scientists and the UN have set to avoid the worst effects due to global warming.

The proposals submitted to date “will not be enough to place us on a 2-degree pathway,” Ban said.

Without any changes to global emissions, the world is on track to warm by 4 degrees Celsius or more, UN Assistant Secretary-General for Climate Change Janos Pasztor said earlier this month.

World leaders have five months to go before a meeting of almost 200 nations in Paris that’s intended to seal a new global pact to cut planet-warming carbon emissions. If successful, the agreement would be the first ever to require both developed nations like the US and growing economies like China to address climate change.

“The pace of UN negotiations are far too slow,” Ban said. “It’s like a snail’s pace.”

The U.S., the world’s biggest historic source of greenhouse gases, pledged earlier this year to cut its emissions by as much as 28 percent by 2025. The European Union has promised a 40 percent cut by 2030. Several other major economies, including Australia and Japan, have yet to submit climate plans to the UN.




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Clean Energy Companies Beat the Stock Market

Stocks of clean-energy companies are proving to be better investments than those of companies that produce most of the Western Hemisphere's power, and are outperforming the rest of the stock market as well.

The evidence is found in the New York Stock Exchange Bloomberg Americas Clean Energy Index. Its 141 companies, all based in North and South America, returned 32.62 percent in the past two years. In contrast, the 40 conventional-energy companies in the Standard and Poor's 500 Energy Index returned 1.02 percent over the same period, according to data compiled by Bloomberg.

Clean energy also is beating the rest of the stock market. The Clean Energy Index is up 6.02 percent so far this year. Lagging behind are both the S&P 500 and the Russell 3000 Index, which gained 3.12 percent and 3.86 percent respectively in 2015.




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The Latest Sign That Coal Is Getting Killed

Coal is having a hard time lately. U.S. power plants are switching to natural gas, environmental restrictions are kicking in, and the industry is being derided as the world's No. 1 climate criminal. Prices have crashed, sure, but for a real sense of coal's diminishing prospects, check out what's happening in the bond market.




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Climate Talks Nearing Consensus in Behind-the-Scenes Meetings

Publicly, the United Nations climate-change talks look mired in disputes over everything from money to the length of the proposed agreement.




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Will the G20 Spur Post-Paris Climate Action? 3 Signs to Look For

The G20 meeting in Hangzhou, China, this September brings together leaders of the world’s largest economies for the first such gathering since the 2015 Paris Agreement on climate. G20 Leaders Summits traditionally focus on economic growth and financial stability, but since more than 190 countries collectively agreed to greatly enhance mitigation of the causes and impacts of climate change, the need to tackle a changing climate and foster clean energy has become a clear economic and business reality.




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US and China Join Paris Agreement, Bringing it Much Closer to Taking Effect

The United States and China on Sept. 3 formally joined the Paris Agreement in a ceremony in Hangzhou, China, ahead of the G20 Summit. President Obama and President Xi both deposited their country’s official instrument with United Nations Secretary, General Ban-Ki Moon.




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Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




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Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




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Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




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Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




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Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




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Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




k

Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




k

Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




k

Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




k

Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.




k

Cognizant: Ransomware Attack Expense at Least $50 Million

IT Services Giant Offers Update During Quarterly Financial Results Call
Cognizant estimates that the April ransomware attack that affected its internal network will cost the IT services firm between $50 and $70 million in losses, according to the company's latest financial results. Cognizant has said that the Maze ransomware gang is behind the attack.