The Biden administration begins doling out billions of dollars to budding climate industries such as battery metals. It puts pressure on banks and investors to step up with additional funds to deliver on their climate pledges. That cash comes from last year’s bipartisan infrastructure bill. The federal government granted about 20 producers of raw materials … Read more
Sixty-five miles off the coastal Norwegian city of Bergen, a drilling rig is punching through layers of mud and rock below the North Sea. The energy firms behind the rig aren’t prospecting for oil or gas. They are searching for a place to stash vast amounts of the greenhouse gases emitted by industrial facilities across … Read more
Imported coal is seen being lifted by cranes from a coal cargo ship at a port in Lianyungang, Jiangsu province, China July 26, 2018. Photo: CHINA STRINGER NETWORK/REUTERS An unspoken truth about the climate change crusade is this: Anything the US does to reduce emissions means little to global temperatures. US cuts will be swamped … Read more
SINGAPORE—Global coal-fired power generation fell 1.2% in the first half of 2022 from a year earlier, according to an analysis of energy consumption data, as a sharp economic slowdown in China and a rise in global coal prices after Russia’s invasion of Ukraine crimped demand. Meanwhile, electricity generation from renewable sources rose 17% year-on-year in … Read more
BERLIN—Russia on Wednesday shut down its main natural gas artery to Europe for maintenance, in what Western governments see as the latest salvo in the Kremlin’s economic war on the continent. The stoppage comes as European nations race to fill gas storage facilities to prevent mid-winter shortages. Shortages would trigger rationing, likely kneecap industry and … Read more
BERLIN—Russia on Wednesday shut down its main natural gas artery to Europe for maintenance, in what Western governments see as the latest salvo in the Kremlin’s economic war on the continent. The stoppage comes as European nations race to fill gas storage facilities to prevent mid-winter shortages. Shortages would trigger rationing, likely kneecap industry and … Read more
India is targeting a major ramp up of its renewable energy capacity, but achieving its aims represents a big challenge. Puneet Vikram Singh | Torque | Getty Images Norway’s Climate Investment Fund and the country’s biggest pension company, KLP, are set to invest in a 420-megawatt solar power project being developed in Rajasthan, India. The … Read more
President Biden thanked Joe Manchin on Tuesday as he signed the misnamed Inflation Reduction Act. He should too. The West Virginia senator delivered the deciding vote in the Senate, touting it as an “all of the above” energy bill. The truth is that it is above all a renewable energy bill that will raise American … Read more
The so-called Inflation Reduction Act is aimed at climate change, but the fossil fuel industry can also reap a good bonus. The tax and spending bill, which Sen. Joe Manchin showed support for last week, would increase the size of tax credits for carbon capture and sequestration – known as 45Q – and extend the … Read more
Listen to the article (2 minutes) Investors were already returning to cleantech and renewable energy stocks as the proposed $369 billion Senate energy and climate package propelled the sector to its best week in 18 months. Private investors, who continued to pour money into speculative industries like green hydrogen and carbon capture during the stock … Read more