Renewable energy could face a challenging future in the US

Renewable Energy In Need of Support - Time for Change

DOE report calls for more support for fossil-fuels The U.S. Department of Energy has released a new report that could signal a major shift in the agency’s support for renewable energy. The report was commissioned by the agency’s head, Rick Perry, and recommends that more of the country’s electricity be generated from coal. Renewable energy advocates have been concerned for changes in federal energy policies since the Trump Administration came into power. Now, these concerns may become a reality as the Department of Energy begins to show stronger interest in…

Read More

Climate change could become a serious threat by end of century

Climate Change a serous threat

New study shows only a small chance to accomplish one of the goals of the Paris Agreement The Intergovernmental Panel on Climate Change (IPCC), a scientific and intergovernmental organization formed by the United Nations, has released its latest assessment on climate change. The new study from the organization highlights a major challenge that faces the Paris Agreement. According to the study, the world has only a 5% chance to avoid temperature increases of 2 degrees Celsius by the end of this century. This could have serious implications for the future,…

Read More

Dong Energy to abandon coal in favor of renewable energy

renewable energy - Coal

Dong will be moving away from coal in the near future Dong Energy, a Danish energy company, has announced that it will be divesting in coal in the near future. The company has begun to focus intensely on renewable energy and has established itself as the largest wind power producer in Europe. In October of last year, Dong announced that it would withdraw from the oil and gas sectors, showing greater favor for clean power. According to CEO Henrik Poulsen, renewable energy is the future and now is the time…

Read More

Obama Administration commits more funding to the Green Climate Fund in order to fight climate change

Climate Change - Funding for Green Energy

Program will receive more funding to aid in the fight against climate change With its time coming to an end, the Obama Administration has taken steps to increase the federal government’s investments in the Green Climate Fund. The fund is meant to provide financial aid to developing countries in order to assist them in their fight against climate change. Initially, the federal government had committed $500 million to the Green Climate Fund. Now, however, the Obama Administration has announced that it has doubled this investment, bringing its level of financial…

Read More

Elon Musk calls for popular uprising against fossil-fuels industry

Musk sets his sights on fossil-fuels industry Elon Musk, co-founder of Tesla Motors and CEO of SpaceX, has set his sights on the old fossil-fuels industry. According to Musk, the fossil-fuel industry is the largest industry in the world and it is likely to remain this way without a “popular uprising.” In the future, Musk hopes to see a major shift toward more localized, clean energy systems, specifically solar panels and batteries. Without a popular uprising among consumers and other businesses, however, clean energy is not likely to establish a…

Read More

German government agrees to ban controversial fracking practice

Germany may move away from the controversial practice of drilling for shale gas The German government has chosen to take aggressive action on fracking. After years or derisive talks, the coalition government has decided to ban fracking for shale gas indefinitely. The ban aims to address concerns regarding the damage that this practice can cause to the environment. While some environmental groups have praised the decision, others believe that the ban does not go far enough. Some of these groups have vowed to fight the ban in order to promote…

Read More

Rockefeller Family Fund to divest from fossil-fuels to fight climate change

Fund will be distancing itself from fossil-fuels as soon as possible The Rockefeller Family Fund has announced that it will be divesting from fossil-fuels as soon as possible. The Rockefeller Family made one of the world’s largest fortunes in the oil business many years ago, but it has now become very concerned with the potential impact of climate change. The fund plans to eliminate its holdings of Exxon Mobil Corp., claiming that the prominent oil company has been misleading consumers about the risks associated with a changing climate. Companies may…

Read More

Bill Gates to invest $2 billion in renewable energy

Gates shows more support for clean power Acclaimed billionaire Bill Gates has announced that he will be making sizeable investments in renewable energy initiatives, particularly those that make use of innovative technologies. Gates has become known as a prominent supporter of clean energy and sustainability, investing aggressively in solar power and similar types of energy. The Bill and Melinda Gates Foundation has a history of investing in environmentally conscious pursuits, but the organization also has a stake in the fossil-fuel sector, as it is invested in companies like British Petroleum.…

Read More

The Pope wants urgent action taken on Climate Change

Pope Francis’s massive papal letter also calls for an end to fossil fuels. The recent papal encyclical from Pope Francis, which was released late last week, calls for urgent action on climate change as well as calls for the elimination of fossil fuels. In his 184-page papal letter, the pontiff wrote that the changing climate is a worldwide problem with social and environmental consequences that extend far and wide, with the poorer nations experiencing the worst of it. Greed and apathy are to blame for the problem, according to the…

Read More

New global renewable energy initiative seeks support

The Global Apollo Programme wants to accelerate green energy use around the world. A team of scientists behind the Global Apollo Programme, a new global research program that seeks to rapidly drive down the cost of renewable energy to make it cheaper than fossil fuels, require backing for their clean energy initiative that is set to receive its first hearing at the G7 Summit in Germany, taking place on June 7 – 8. The goal of the program is to make green energy cheaper than fossil fuel energy by 2025.…

Read More

Study calls for reform to energy subsidies

Energy subsidies may be outdated and could be much more costly than previously thought A new study from the International Monetary Fund suggests that the cost of fossil-fuels is much higher than many believe. The study has found that the post-tax subsidy for energy, which also represents the environmental and health costs associated with traditional forms of power, will be $5.3 trillion in 2015. This is approximately 6% of the global gross domestic product and this is more than twice as high as the original predictions from the International Monetary…

Read More

Universities divest in fossil-fuels in favor of renewable energy

Universities are beginning to withdraw support of coal and oil Universities in the United States and Sweden are beginning to divest in fossil-fuels. Several of these organizations have been announcing their divestment strategies over the past few weeks, showing more favor for renewable energy, as clean power could be a more economic and efficient way to obtain electrical energy. Earlier in the week, Oxford University’s General Purposes Committee met to discuss the matter of divesting from fossil-fuels. The university has nearly $4 billion in investments into the fossil-fuel space. Oxford…

Read More

Solar energy prices could become cheaper in the US

A new report says solar power will be as cheap or cheaper than fossil fuels by 2016. According to a new study form the Deutsche Bank, by 2016, electricity generated from solar energy may cost equal or less than typical electricity bill prices in 47 US states, assuming that the United States continues with its 30% tax credit on system costs, a tax credit set to expire in 2016, Bloomberg reported. Solar electricity prices will continue to drop with ever-improving technology and affordable financing. The Deutsche Bank estimates that even…

Read More

Rockefeller Brothers Fund shows support for renewable energy by abandoning fossil-fuels

The Rockefeller family is distancing itself from fossil-fuels The Rockefeller family, which amassed its fortune through oil, is beginning to take an aggressive stance on fossil-fuels. The Rockefeller Brothers Fund, which was founded in the 1940s, has long tapped into the tremendous wealth that was achieved by the Standard Oil Company, which has broken off into several smaller companies over the past few decades. The fund has a primarily philanthropic focus, which is influenced by the Rockefeller family. This week, the Rockefeller Brothers Fund announced that it would be abandoning…

Read More

Where Does our Energy Come From?

When it comes to matters of energy, people often think that fossil-fuels like coal and oil generate electrical power when burned. This is not the case, but how these fuels are used are not typically well understood by those outside of the energy business. As such, many people do not know what is used to actually generate the electricity that they consume on a daily basis. Fossil-fuels are integral to the generation of electrical power in modern society. While these fuels are losing prominence due to the environmental damage they…

Read More

Renewable energy may cause a revenue drop in the fossil-fuel industry

Report predicts that fossil-fuel industry will see a drop in revenue in the coming years As renewable energy gains more ground, the global fossil-fuel industry is losing money. A new report from Kepler Chevreux, a European broking house, predicts that revenues within the fossil-fuel industry will plummet over the next 20 years. The report indicates that old companies specializing in traditional forms of energy have been seeing an increasing amount of revenue disruption due to the success of clean energy. The issue is becoming so serious that many of these…

Read More