The University of Glasgow in Scotland has taken a page from Stanford and other US colleges. It has become the first EU academic institution to divest fossil fuel holdings. On Wednesday, the university court voted to divest $29 million (£18 million) of investments in the fossil fuel industry and freeze new investments across … [continued]
Almost everyone in the media has taken a stab at summarizing, if not snap-judging, the results of Secretary-General Ban Ki-moon’s one-day UN climate summit last week. The meeting had a real name, but Robert N. Stavins in his New York Times runup to the conference was the only writer I … [continued]
A group of nongovernmental organizations from the United Kingdom has elaborated on the elements it sees necessary for the planned 2015 Paris climate talks among 196 countries to succeed. The group calls for all governments to accelerate their approaches to decarbonization significantly by initiating much stricter emission reductions and pursuing sustainable energy policies, … [continued]
Originally Published in the ECOreport A Review of the BNEF White Paper, “Fossil Fuel divestment: a $5 Trillion Challenge” Fossil fuels have been a financial cornerstone for decades. More than $5 trillion is invested in 1,469 oil and gas companies and 275 coal companies. Dozens of public and private … [continued]
Global prospects for wind power are rising despite disappointing 2013 numbers, say analysts at Navigant Research. Although the wind industry worldwide added 36,134 MW in 2013, for the first time in nearly a decade, new installed wind power fell below that of the year before. The graph below indicates a 20% … [continued]
CDP (formerly the Carbon Disclosure Project) finds it encouraging that after years of denial, business uses carbon prices to plan ahead these days. The response of business and industry leaders to the problem of climate change is undergoing a major transformation, says the Center for Climate and Energy Solutions: “Just over … [continued]
Over the past several years, the Sheerwind Invelox ducted turbine has managed to rack up a couple of million in grants and other investments according to reports and has built two small prototypes. According to its press releases it has a New Zealand distributor and a couple of pilot projects targeted for Dubai and Minnesota. It … [continued]
At the time of announcing its performance for the financial year, the UK Green Investment Bank also announced plans to raise £1 billion for a new fund to “acquire equity stakes in operational offshore wind projects in the UK.” The move is expected to boost the offshore wind sector’s rapid growth. … [continued]
Writing on the NPD Solarbuzz blog, senior analyst Michael Barker has predicted that the US photovoltaic (PV) market is set to reach a cumulative total of 20 GW by the end of 2014, thanks primarily to continuing declines in cost. Barker notes that with the US grid reaching a cumulative … [continued]
Vestas, one of the biggest names in wind energy manufacturing, released their own first-quarterly earnings on Wednesday, showing revenue, earnings, and free cash flow increased over the same quarter in 2013. According to the press release put out by the Danish manufacturer, Vestas generated €1.283 million in revenue, an increase of … [continued]
