The world's nations need to triple their investment in clean energy if they are to meet the United Nations goal for controlling global warming, according to a new report from the International Energy Agency.
EIA's Energy Technology Perspectives report, released Monday, said that to prevent global temperatures from rising more than 2 degrees Celsius above pre-industrial levels - a danger point projected to be hit by 2050 - worldwide government investment in clean energy needs to jump from the current $17 billion to $51 billion per year.
BEIJING (AP) — A pilot said Sunday that he is anxious but excited about flying a solar plane solo from China to Hawaii on the longest leg of the first attempt to fly around the world without a drop of fuel.
André Borschberg, 62, is due to fly over the Pacific Ocean for five days and five nights in the plane that has more than 17,000 solar cells on its wings to power its motors and recharge its batteries for nighttime flying.
Used Model S electric vehicles made by Tesla Motors can now be purchased on the company’s website, complete with an extended warranty that covers up to 4 years or 50,000 miles, The Wall Street Journal reports.
Hanging on to completed projects ahead of its launch of a yieldco with Sunpower Corp. later this year, First Solar says it recorded a dramatic drop in revenue and a net loss of $62.3 million in the first quarter, compared to a $112 million profit in the period a year ago, The Wall Street Journal reports.
Xcel Energy says it will spend $300 million to buy and finish a North Dakota wind farm started by Geronimo Energy, a project that would qualify for a federal Wind Energy Production Tax Credit if finished before the end of 2016, the StarTribune reports.
FOSTER CITY, Calif. (AP) — Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market.
The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit. On Thursday night, before an adoring crowd and a party-like atmosphere, Musk unveiled how he intends to do it.
Plants would no longer be exempt from air pollution regulations when they’re starting up, shutting down or malfunctioning, under a new regulation from the Environmental Protection Agency, The Hill reports.
A series of major energy and environmental regulations will be published by federal agencies between June and August, including the Environmental Protection Agency’s rules limiting power plant carbon emissions, the Interior Department’s rule protecting streams from mountaintop removal coal mining, and the Obama administration strategy for cutting methane emissions, The Hill reports.
A group of senators - 17 Democrats and Independent Bernie Sanders - has written to Interior Secretary Sally Jewell, asking her to stop Royal Dutch Shell or anyone else from drilling in the Arctic, Reuters reports.
The reaction in Washington to this week’s oil spill off the coast of Santa Barbara has been muted, National Journal reports, despite wishes expressed by environmentalists that the incident generate backing for policies moving the country away from fossil fuels.
A website set up by Sens. James Lankford, R-Okla., and Heidi Heitkamp, D-N.D., to collect grievances about federal regulation and bureaucracy has received complaints about a wide variety of the Environmental Protection Agency’s pending regulations, E&E reports.
Mississippi electric power cooperatives are backing away from a deal in which they would take 15 percent ownership of the Kemper County coal plant that will use carbon capture technology, because they said the power it generates would end up being too expensive, E&E reports.
A stronger dollar combined with the drop of only 1 oil rig in Baker Hughes’ weekly count sent crude prices sliding Friday. Benchmark West Texas Intermediate crude lost 1.6 percent, or $1, to settle at $59.72 a barrel on the Nymex, while in London, Brent was $1.17 , or 1.8 percent, lower, at $65.37, The Wall Street Journal reports.
Standard & Poor’s thinks oil companies that have managed to survive the slide in crude prices by borrowing more money may start running into trouble in the coming months, particularly if the price stays in the $50 range, FuelFix reports.
A new analysis concludes that wells in Mountrail and McKenzie counties in North Dakota’s Bakken Shale are productive enough to remain profitable even with oil prices around $60 a barrel, FuelFix reports.
With oil prices dramatically lower than a year ago, AAA predicts that more than 37 million people will travel more than 50 miles over the Memorial Day weekend - the most since 2005, The New York Times reports.