Banks, Governments Finance Fossil Fuels | Coal & Nuclear in Sharp Decline | Renewables Hit the Tipping Point As banks and governments remain heavily invested in the fossil fuel industry despite the international climate committments, shareholders increasingly start to hold their banks and companies accountable. In Australia, in the first world’s case a couple has filed a lawsuit against its bank for not informing […]
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Solar Power to Kill Coal | Oil Majors to Lose Trillions | Nuclear Meltdown Renewable energy capacity worldwide was boosted by a record amount in 2016, as costs of wind and solar PV kept dramatically falling, two latest major energy reports show. Especially solar PV is becoming so cheap that it will provide cheaper electricity than coal in China and […]
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New Oil Low, Stress Test for Coal, Big Business Backs Decarbonization “Renewables come one way or another. Over the past few years, they have become economically viable despite low oil prices,” says Energy Watch Group President Hans-Josef Fell in his recent Joule interview. “If you leave the process to itself, it may take another 30 years. That is too late for […]
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More Renewables for Less Money in 2016, Bye Bye Coal and Nuclear The title “bye-bye coal” does not stem from us or from an environmental organization. It comes from the Bloomberg New Energy Finance (BNEF) analysts. By 2030, it will be cheaper to build a wind farm than to keep an old coal generator running, and by 2036 […]
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The true picture of Energiewende, Sins & Losses of Big Oil, China’s Peak Coal, Divestment Ticker Germany is celebrated internationally as a role model for a successful energy transition. Its role has certainly be instrumental in enabling the worldwide breakthrough of renewables, but in the recent years many things have been going wrong. President of the Energy Watch Group […]
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