Earth’s Increasing Wind Speeds a Boon for Offshore Renewables

By William Mathis (Bloomberg) --The world is getting windier at the same time that developers are installing more turbines to generate electricity from breezes. Average wind speeds rose about 7% since 2010 in northern mid-latitude regions, reversing a trend of slowing winds in the decades prior, according to a group of researchers from institutions including Princeton … [Read more...]

Britain’s New Net Zero Emissions Target Becomes Law

By Susanna Twidale LONDON, June 27 (Reuters) - Britain's new target to reach net zero greenhouse gas emissions by 2050 became law on Thursday, making it the first among the major G7 countries to set such a goal. Outgoing Prime Minister Theresa May had announced the target earlier this month, saying the plans were ambitious but crucial for protecting the planet for future … [Read more...]

Clean Energy Becomes Dominant Power Source in U.K.

By Jeremy Hodges (Bloomberg) --The U.K. will generate more energy from low-carbon sources than from fossil fuels this year for the first time since the Industrial Revolution. Wind, solar, hydro and nuclear plants provided 48% of the nation’s electricity in the first five months of 2019, according to the U.K. network operator National Grid Plc. Coal, which made up more than … [Read more...]

Renewable Energy Sector Hails New York State’s New Climate Plan

By Dave Gregorio NEW YORK, June 20 (Reuters) - Investors, developers and users of renewable energy at an industry conference in New York this week were buzzing about the state's ambitious plan https://www.reuters.com/article/us-climate-change-new-york/new-york-lawmakers-pass-aggressive-law-to-fight-climate-change-idUSKCN1TK2GT to reduce greenhouse gas emissions to zero by … [Read more...]

John Browne: Oil and Gas Companies Will Lead Energy Revolution

By John Browne (Bloomberg Opinion) -- When it comes to climate change, I have always been a believer: not in hand-wringing debate, not in unrealistic solutions like the elimination of hydrocarbons, but in the power of action. In 1997, as chief executive of BP, I was the first leader of a major oil company to acknowledge that climate change was a problem, and that the … [Read more...]