Following final negotiation on December 12, 2015, April 22, 2016 marked the first day that countries could formally sign the Paris Agreement. At the United Nations headquarters in New York, over 150 countries attended a signing ceremony to mark the occasion.
China launched a green bond pilot initiative via the Shanghai Stock Exchange, encouraging further foreign investment in a rapidly growing asset class and paving the way for issuances by non-financial institutions.
BEIJING, CHINA – Today, U.S. Secretary of Energy Ernest Moniz, accompanied by senior officials from the Department of Energy’s National Nuclear Security Administration (DOE/NNSA), the Department of Defense, and a host of international VIPs, participated with the China Atomic Energy Authority (CAEA) to commission China’s new nuclear security Center of Excellence (COE). The COE will address China’s… Keep reading →
Oil prices tumbled below $30 a barrel on Friday, with daily losses rivaling their biggest of the winter as flailing Chinese markets and the soon-coming increase of Iranian exports adds to concerns that the global glut will linger. [WSJ] The ongoing methane leak from an underground reservoir run by SoCalGas has spurred a new search… Keep reading →
China will reduce emissions of major pollutants in the power sector by 60% by 2020, its cabinet announced today. [The Guardian] Abengoa, the Spanish renewable energy firm with a solar plant in Arizona, could soon become Spain’s biggest bankruptcy case of all time after the company failed to sign a new investor. [NPR] African heads… Keep reading →
China’s economic slowdown and the government’s pledges to use more renewable and nuclear is making the country’s existing coal plants unnecessary. [The NY Times] Critics of Michigan’s clean energy plan say the proposed polices will reflect closer to 5 rather than 30 percent in actual new renewable energy. [M Live] The World Energy Report 2015 predicts… Keep reading →
The U.S.-Indonesia Comprehensive Partnership, the United States and Indonesia will partner to promote clean energy technologies and policies to help meet Indonesia’s growing energy demands. [White House Press Release] The United States has installed 40.7 megawatts of energy storage projects in homes, businesses and utilities in the second quarter of this year, nine times more than… Keep reading →
Apple is cleaning up its manufacturing operations in China to reduce the air pollution caused by the factories that have assembled hundreds of millions of iPhones and iPads. [ABC] Oil prices rose above $48 a barrel on Thursday, propelled by technical buying and investors re-evaluating U.S. data that showed falling stockpiles of fuel and higher crude… Keep reading →
Google has announced its newest investment in a wind power project in Kenya that, when completed, will be Africa’s biggest wind farm. [The Washington Post] The blowout of an oil well in White Earth, North Dakota over the weekend remains uncontrolled as the State Health Department’s new spill investigation team is on scene. [Bismarck Tribune]… Keep reading →
The former chief of China’s biggest oil firm has been sentenced to 16 years in prison for accepting bribes. [BBC] Around 70% of Americans believe in the science behind global warming – the highest level of acceptance in the US since 2008, according to a new survey. [The Guardian] Global oil prices have bottomed out… Keep reading →
