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Going Green: Rockefeller Fund Set To Blow Away Fossil Fuels, Build African Wind Farms
2016-07-30 07:27:00| Climate Ark Climate Change & Global Warming Newsfeed
AFK Insider: A New York City-based family foundation whose descendants helped create the fossil fuel industry, has made its first direct investment in a renewable energy company with plans to build wind farms in Africa. The Rockefeller Brothers Fund of the wealthy Rockefeller dynasty, is backing an energy project in Africa spearheaded by Eddie O'Connor, CEO of Dublin-based Mainstream Renewable Power firm, The Independent reported. A private grant-making foundation, the Rockefeller Brothers Fund is part...
Bad News: Were Actually Using More Fossil Fuels Than Ever
2016-07-15 09:47:00| Climate Ark Climate Change & Global Warming Newsfeed
Nation: Here's the good news: Wind power, solar power, and other renewable forms of energy are expanding far more quickly than anyone expected, ensuring that these systems will provide an ever-increasing share of our future energy supply. According to the most recent projections from the Energy Information Administration (EIA) of the US Department of Energy, global consumption of wind, solar, hydropower, and other renewables will double between now and 2040, jumping from 64 to 131 quadrillion British thermal...
Pacific ??islands nations consider world's first treaty to ban fossil fuels
2016-07-14 09:03:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The worlds first international treaty that bans or phases out fossil fuels is being considered by leaders of developing Pacific islands nations after a summit in the Solomon Islands this week. The leaders of 14 countries agreed to consider a proposed Pacific climate treaty, which would bind signatories to targets for renewable energy and ban new or the expansion of coalmines, at the annual leaders summit of the Pacific Islands Development Forum (PIDF). Five Pacific islands lost to rising...
Tags: pacific
islands
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nations
Climate change cost for fossil fuel industry: $33 trillion
2016-07-11 13:10:00| Climate Ark Climate Change & Global Warming Newsfeed
Fuel Fix: The fossil fuel industry risks losing $33 trillion in revenue over the next 25 years as global warming may drive companies to leave oil, natural gas and coal in the ground, according to a Barclays Plc energy analyst. Government regulations and other efforts to cut carbon emissions will inevitably slash demand for fossil fuels, jeopardizing traditional energy producers, Mark Lewis, Barclayss head of European utilities equity research, said Monday during a panel discussion in New York on financial...
Tags: change
cost
industry
fuel
REA: New fossil power fails to deliver as biomass, renewable can
2016-07-08 12:58:00| Climate Ark Climate Change & Global Warming Newsfeed
Biomass Magazine: REA: New fossil generation fails to deliver as biomass, renewables do the United Kingdom Department of Energy and Climate Change set out the framework for the next Capacity Market auctions, including how much capacity to procure. The Capacity Market aims to "keep the lights on' by paying new and existing generators to provide electricity at times of high demand. DECC's data revealed that 5 GW of conventional, fossil fuel-powered generation that were awarded earlier contracts under the scheme...
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