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Cheap global gas, coal prices won't deter investment into renewables: Energy report

2016-06-14 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

DNA India: Renewable energy sector is set to get an investment of nearly $7.8 trillion in the coming decades, New Energy Outlook 2016 forecast said. Weak coal and gas prices will not stop record investment in renewables over the coming decades as the cost of generating clean energy drops, a key energy report said. Renewables are set to attract $7.8 trillion (nearly Rs 518.9 lakh crore) by 2040, nearly four times as much as carbon-based power over the same period, the New Energy Outlook 2016 forecast said....

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India coal pathway central to climate challenge

2016-06-13 14:32:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Analysts expect India`s power sector emissions to treble by 2040, blowing the 2C carbon budget, unless clean energy investment increases China`s economic rebalancing will see its greenhouse gas emissions peak as early as 2025, forecasts Bloomberg New Energy Finance. Yet rising coal use in India and other emerging Asian markets points to a 5% increase in global emissions from 2015 levels by 2040. More bullish about renewable energy`s prospects than oil majors are, BNEF`s outlook nonetheless...

Tags: central india challenge climate

 
 

Biggest US coal company funded dozens groups questioning climate change

2016-06-13 12:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Peabody Energy, Americas biggest coalmining company, has funded at least two dozen groups that cast doubt on manmade climate change and oppose environment regulations, analysis by the Guardian reveals. The funding spanned trade associations, corporate lobby groups, and industry front groups as well as conservative thinktanks and was exposed in court filings last month. The coal company also gave to political organisations, funding twice as many Republican groups as Democratic ones. Peabody,...

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US-India Pact on Renewables Will Help Keep Coal in the Ground

2016-06-13 04:45:00| Climate Ark Climate Change & Global Warming Newsfeed

Triple Pundt: President Barack Obama and Indian President Narendra Modi signed a pact last week, extending a commitment originally established in 2014, to join forces to combat climate change with a huge commitment to renewable energy. The pledge acknowledges commitments made in Paris last year at the COP21 climate talks and defines a path for both countries to achieve their nationally determined contributions (NDCs). In particular, the U.S. has pledged to support India, the worlds third largest carbon emitting...

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Abbot Point Port: the divisive coal project on the Great Barrier Reef

2016-06-13 01:00:00| Ship Technology

Australias ambition to build one of the worlds largest coal ports at Abbot Point has caused international uproar over the projects perceived environmental threat. The expansion site is located in close proximity to the Great Barrier Reef, a UNESCO

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