Can a coal state really make the transition to solar PV? That may depend on who’s funding which politicians.
AWU claims Energy Australia’s Wallerawang Power Station will be mothballed by March next year, with parts of the thermal coal plant already shut down.
Shanghai’s new Clean Air Action Plan to completely ban coal burning in 2017 targets 2,500+ boilers and 300 industrial furnaces for closure – or clean-up.
In the capital city of China’s Heilongjiang province, fine particulate matter reached levels 40x the level considered ideal for human health; 3x the level considered hazardous.
Most claims that shale gas will significantly reduce US carbon emissions in the future are based on little more than hand-waving and wishful thinking.
Coal may still hold the crown when it comes to global electricity generation – but renewables will account for more than one third of global capacity by 2030.
A new study by NREL busts some solar myths about cycling of fossil fuel generators and emissions reductions.
Citigroup sounds the death-knell for new coal investment in the world’s biggest economy, saying Obama’s new regulation, the plunging price of renewables and falling demand is squeezing it out of the market. It says coal can no longer compete with gas and solar.
As state governments and developers scream for approval to dig up their fossil fuel reserves, and mainstream analysts warn about an impending market crunch, the focus is turning to financiers and fund managers on a simple question: Can they get their timing right?
Solar PV generation might need around double the land space than coal, but when lifetime costs are taken into account the picture changes dramatically.
AGL Energy says that 9,000MW of fossil fuel baseload capacity needs to be removed from Australia’s electricity market, because too much has been built and the economics are being undermined by rooftop solar and other factors. The question is how this is done. AGL also accuses rival utilities of shaping their arguments against renewables to protect their own investments.
A new report released by Deutsche Bank says the global coal market faces a combined threat of steadily growing supply and a levelling-off or decline in demand. A threat, it says, that should guide rational decision-making to delay all major expansion. But will governments really act rationally?