A new analysis from Bloomberg New Energy Finance says investors have warmed to green energy, putting billions into renewable energy companies and environmentally sound projects, The Wall Street Journal reports.
Reversing a long trend of annual decline, solar panel prices are on the rise in Europe, the top market for the renewable technology, with consultancy pvXchange noting a 6 percent uptick this year, Forbes reports.
The Bureau of Land Management is under fire for its management of wind and solar projects on federal lands after an audit by Congress’s watchdog arm revealed the agency is struggling to keep track of bonding for reclamation, leaving taxpayers on the hook if projects go under.
The Government Accountability Office found that BLM’s systems for keeping track of the reclamation bonds it collects for rights-of-way, or authorization to use a parcel of federal land, were inadequate. The report also found the agency wasn’t adhering to standards to periodically review bond amounts.
Florida officials, utilities and businesses, in a move spearheaded by Attorney General Pam Bondi, is asking the state supreme court to block a ballot initiative that would allow businesses with solar panels to sell off their excess power, Bay News 9 reports.
The North Dakota Public Service Commission has unanimously rejected an application from Xcel Energy to recover from the state's ratepayers some of the cost of solar projects required to help utility meet a renewable energy mandate in neighboring Minnesota, The Bismarck Tribune reports.
Giant solar facilities that use mirrors and steam to generate power – like BrightSource Energy’s Ivanpah project operated by NRG Energy in Southern California -- have been falling far short of their projections for generating electricity, in part because of technical problems, The Wall Street Journal reports.
The Environmental Protection Agency has told a federal appeals court that it has reversed its approval for Dow Chemical’s Enlist Duo while it reviews information from the company that the pesticide may be more toxic to plants than previously thought, The Hill reports.
The 4th U.S. Circuit Court of Appeals has blocked a deposition scheduled for Environmental Protection Agency Administrator Gina McCarthy in a lawsuit brought by coal company Murray Energy challenging EPA’s regulatory agenda, The Hill reports.
A Senate vote on the United Nations Framework Convention on Climate Change back in 1992 may hold the key to Obama administration hopes for getting any Paris climate deal to hold up in the face of GOP opposition, National Journal reports.
Nine major corporations -- including Proctor & Gamble, PepsiCo and Coca-Cola -- have pledged up to $10 million apiece to the Closed Loop Fund, which provides low- or no-interest loans to cities and companies seeking to improve recycling infrastructure, The New York Times reports.
Oil prices were rising early Monday despite continuing concerns about oversupply and little expectation that OPEC members would be willing to change their production policy. U.S. benchmark crude jumped 32 cents to $42.03 a barrel in electronic trading on the Nymex, while in London Brent gained 48 cents to $45.34, Reuters reports.
States, Native American tribes, the Treasury and conservation funds will see a cut this year in the royalty payments they receive from drilling on federal lands, with only $9.8 billion being disbursed, a decline of $3.5 billion compared to 2014, FuelFix reports.
Most of the electricity generated by rooftop solar panels isn’t counted toward renewable energy targets set in California’s new energy law signed by the governor in October, an omission that has financial consequences for panel owners and utility customers, the Los Angeles Times reports.
In a move already approved by a bankruptcy court, Energy Future Holdings Corp. subsidiary Luminant is purchasing two natural gas-fired plants from NextEra Energy’s La Frontera Ventures unit for $1.59 billion, FuelFix reports.
Global leaders have waited so long to agree on action to cut greenhouse gas emissions that moves to limit the world’s temperature increase to 2 degrees Celsius may no longer be feasible, The Washington Post reports, citing scientists.
Microsoft founder and philanthropist Bill Gates told the Wall Street Journal that more than two dozen private investors are joining to put up more than $1 billion for an initiative intended to boost businesses looking to commercialize concepts generated by energy research, even as 20 governments have pledged to double their research support.