March 31, 2017
The financial losses by Germany’s two energy giants raise fundamental questions about who will pay for the country’s ambitious renewable energy program. To date, German households and small businesses have borne the burden in the form of high electricity prices. Now the shareholders of E.ON and RWE are being asked to step up. If they continue to face losses and cut dividends, they will not be able to attract the capital necessary for Germany’s electricity grid to survive. At that point, Germany’s tax payers will be invited to the payments window to keep companies like E.ON and RWE in business.
March 19, 2017
California’s power-grid operators are dealing with a glut of daytime electricity produced by household, government, business and industrial solar installations.
This forces the electricity prices on state’s real-time marketplace to plummet, leading some power-plant operators to shut down until demand catches up with supply later in the day.
And increasing amounts of wind and solar energy are being wasted or “curtailed,” as they call it, because no one can use it, according to data obtained from the California Independent System Operator ( Cal ISO).
March 17, 2017
"Germany’s greenhouse gas emissions rose last year, according to a new report. CO2 levels rose by 4 million tons in 2016 (0.7 percent), which means Berlin will have to reduce those levels by 40 million tons over the next three years in order to meet the country’s 2020 climate targets. As the FT reports, the country’s opposition Green party (who sponsored the study) is blaming an increase in vehicle miles traveled for the emissions increase . . . The Greens also blamed a pick-up in oil consumption, driven by an expanding economy: German gross domestic product rose 1.9 per cent last year, its fastest pace in five years. They said higher consumption of diesel was also a factor.
Imagine that, Greens inveighing against economic progress. If you need a reminder of how politically toxic and counterproductive environmental dogma can be, look no further than this example."
March 16, 2017
With GDP growth of 2.6% and the overall carbon intensity of the economy (CO2/GDP) declining by about 5.2%, energy-related CO2 declined by 2.7%.
March 15, 2017
The U.S. Department of Transportation and Environmental Protection Agency issued a notice saying it plans to review greenhouse gas standards for cars and light trucks sold between 2022 and 2025. President Donald Trump has signaled he wants to roll back the regulations amid complaints from U.S. automakers that the standards are too costly and cumbersome, and was expected to announce the review in Detroit on Wednesday.