Morgan Stanley says the low prices of wind, solar, and grid/battery storage is making “peaker” plants uneconomical

August 16th, 2017 by Steve Hanley on Clean Technica. Source: Forbes   A new report authored by Stephen Byrd, a utility and cleantech analyst at Morgan Stanley, and Adam Jonas, its auto analyst, shows that they are bullish on the market for grid storage products. “Demand for energy storage from the utility sector will grow more than the market anticipates by 2019–2020,” the pair says. They predict …

Residents and workers from a Buffalo suburb collaborate on a plan to follow coal plant closure

Excerpt from the conclusion of a long article in Grist, July 2017 The Huntley Alliance needed clear goals — specifically ones that met the needs of the town’s residents. Through a series of listening sessions, door-to-door surveys, and voter-registration drives, the partnership channeled the hopes and anxieties of hundreds of residents. The wish list that emerged included keeping schools intact, creating …

End of coal: Failure (of us) to plan for it hurts miners most: can we have the dialogue and planning we need?

On a just transition History shows governments that don’t anticipate and make provisions for the decline of coal burden communities for generations Retired coal miner Kenneth Dangerfield, from Morgantown, West Virginia, speaks to Barack Obama’s labour secretary Thomas E. Perez in 2014 (Photo: US Department of Labor) By Oliver Sartor and Andrzej Błachowicz Donald Trump’s decision to pull the US …

Coal CEO admits that ‘clean coal’ is a myth: Coal baron says carbon capture and storage ‘does not work’ and ‘is just cover for the politicians.’

By Joe Romm, Climate Progress, 7 July 2017  Robert Murray, CEO of Murray Energy. CREDIT: AP/Douglas C. Pizac While President Donald Trump continues to tout “clean” coal, coal baron Robert Murray says it’s just a fantasy. “Carbon capture and sequestration does not work. It’s a pseudonym for ‘no coal,’” the CEO of Murray Energy, the country’s largest privately held coal-mining company, …

Top global banks still lend billions to extract fossil fuels

Analysis of world’s lenders reveals many claim green credentials while still financing fuels like tar sands, oil and coal By Fiona Harvey Environment correspondent, The Guardian, 21 June 2017 Some of the world’s top banks are continuing to lend tens of billions for extracting the most carbon-intensive fossil fuels, according to a report of top lenders. Finance provided for these fossil …

India’s renewable energy revolution is racing ahead, announces it will build no more coal plants for at least the next decade

 By Adam Wernick, Living on Earth, 14 June 2017 In 2015, at the climate talks in Paris, India’s Prime Minister Narendra Modi spearheaded the launch of an international solar alliance to raise $1 trillion to light up the developing world. Eighteen months later, Modi has turned promise into action. India, a country of 1.3 billion people, is becoming perhaps the world’s …

US utilities planning for deep decarbonization

Excerpt from The Utility Sector’s Business Case for Deep Decarbonization, by Gavin Bade, Utility Dive, June 13, 2017 A lot can happen in two years. At the Edison Electric Institute’s 2015 annual summit, executives from the nation’s largest investor-owned utility companies were skeptical of decarbonization. A board of CEOs told reporters that President Obama’s Clean Power Plan would raise costs and …

Swiss pilot of CO2 capture from air

A Swiss company on Wednesday is set to become the world’s first to commercially remove carbon dioxide directly from the atmosphere and turn it into a useful product. Climeworks, which will begin operations at a facility near Zurich, Switzerland, plans to compress the CO2 it captures and use it as fertilizer to grow crops in greenhouses. The company wants to …

Putting people back to work in Coal Country

By Joe Ryan, Bloomberg, 24 May 2017 Ben Chafin sees the future of clean energy in abandoned coal shafts. The Virginia state senator, whose Appalachian district is pockmarked with empty mines, pushed through legislation in April that encourages companies to transform those tunnels into giant storage devices to hold vast amounts of renewable power. The idea, which Dominion Energy Inc. has been studying, …