At the UN climate summit in New York today, institutional investors managing $24 trillion of assets are demanding stronger, more ambitious policies on climate change, writes Kieran Cooke. These include an effective carbon price and an end to fossil fuel subsidies.
… | 23rd September 2014 News Climate Change UK Finance Fossil Fuels Renewables … statement comes amid growing concern in the finance sector about the economic consequences …
The nuclear industry has had a disappointing COP21, writes Jim Green. Lobbyists were there en masse desperately trying to get pro-nuclear wording into the Paris Agreement, and they failed. The word does not occur even once in the entire document. But we must prepare for the next battle: keeping nuclear power out of the $100 billion a year Green Climate Fund.
… Nuclear Energy Climate Change Renewables Finance no-nukes-cut.jpg The nuclear industry … what kind of 'clean energy' it wants to finance research into. It seems likely the … UN's Green Climate Fund (GCF), intended to finance developing country mitigation and …
Increased production from US fracking operations is a major reason for the drop in oil prices, writes Kieran Cooke. But there are warnings that the industry now faces an existential crisis from which it may never recover, as the financial sector faces the prospect of worthless shares and $100s of billions of defaulted debt.
… | 7th January 2015 News Oil Fracking Gas Finance Energy … bleak for the thousands of smaller, less well-financed companies who rushed into the …
News that one of the world's biggest nuclear power constructors, Westinghouse, has filed for bankruptcy in with debts of over $10 billion has put the entire sector on notice and issued a dire warning to nuclear investors everywhere, writes Jim Green. Among the likely casualties: the UK's Moorside nuclear complex in Cumbria.
… Green | 30th March 2017 News Nuclear Energy Finance Japan US UK France Renewables …
China is by far the world's biggest producer of solar panels, writes Kieran Cooke. But the industry is suffering from over-capacity, razor thin profits and a failure to innovate.
… according to the Bloomberg New Energy Finance research group, China now sells solar …
Japan's government is trying to get its failing nuclear power industry up and running, write Jim Green and Peer de Rijk. But in the post-Fukushima world, it faces formidable obstacles. Experts believe most reactors will never restart - and Japan's stricken utilities may have to find $30 billion or more to finance their decommissioning.
… may have to find $30 billion or more to finance their decommissioning. Japan's …
Higher oil production and falling demand are creating big problems for the fossil fuel industry, writes Kieran Cooke. Risk-averse investors, spooked by drastic oil price falls, are turning away from the sector in search of more secure returns.
With the sixth anniversary of the Fukushima disaster falling tomorrow, nuclear lobbyists are arguing over solutions to the existential crisis facing nuclear power, writes Jim Green. Some favour a multinational consolidation of large conventional reactor designs, while others back technological innovation and 'small modular reactors'. But in truth, both approaches are doomed to failure.
… March 2017 News Nuclear Energy Technology Finance Health fuk-mission-cut.jpg With the …
Improved technology and falling costs are moving electric car sales into the fast lane as manufacturers seek achieve significant economies of scale, writes Kieran Cooke. And now China is leading the EV charge with its plans for 5 million plug-in vehicles by 2020.
… electric car market by Bloomberg New Energy Finance . The report says that even if petrol …
Nuclear power is suffering one of its worst ever years, writes JIM GREEN. Even nuclear enthusiasts agree that the industry is in crisis. The bankruptcy filing by US nuclear giant Westinghouse has sent a cold chill through the industry which elsewhere, is suffering from crippling economic problems, successful legal challenges, and public opposition
… to a recent analysis by Bloomberg New Energy Finance. And a separate Bloomberg report found … (to €23.2 billion, or €30.4 billion including finance costs). In 2007, EDF was boasting that …
Australia has been growing rich from exporting coal to China. But as Kieran Cooke reports, China's renewable energy revolution may soon bring the 'good times' to an end.
… impact on both federal and state government finances. The state of Queensland alone - the …
Global nuclear power capacity grew slightly in 2016, writes Jim Green, but it was more a dead cat bounce than the promised 'nuclear renaissance'. The collapse of Toshiba, the direct result of its failing nuclear ventures, is indicative of the crisis faced by nuclear contractors and utilities worldwide. Another sign of the industry's poor outlook: no major commodity had a worse 2016 than uranium.
… regulatory and legal problems." French finance authorities raided the offices of EDF …