Clean energy investments by 200 of the world’s leading corporations have underperformed compared to fossil fuel energy stocks over the past year and a half, new figures have revealed. An update to the Carbon Clean200, which ranks companies based on their revenues from renewable energy, reveals that the revenue of the companies listed in the index has risen by 16.5% since 2016. The figure stands in contrast to the 23.5% recorded for the Clean200’s fossil fuel benchmark, the S&P 1200 Global Energy Index, marking only the second time since 2016 that the Clean200 benchmark has fallen behind its fossil fuel counterpart.
Edie 22nd Aug 2018 read more »
The push for a large-scale fracking operation in England will fuel the global plastic crisis and undermines the government’s claims that it is tackling the issue, according to a leading charity. The Campaign to Protect Rural England (CPRE) says fracking will not only destroy large areas of the countryside, it will exacerbate the global plastic binge which is already causing widespread damage to oceans, habitats and the human food chain. Daniel Carey-Dawes, campaigner at the CPRE, said the government “risks shooting itself in the foot in its fight against plastic” with its continued support for fracking.
Guardian 22nd Aug 2018 read more »
Coal-fired power generation is likely to decline in the US over the next two decades, even after the Trump administration’s attempt to ease the regulatory burden on the industry, according to official projections. The estimates were published on Tuesday alongside the Environmental Protection Agency’s new lighter-touch approach to dealing with carbon dioxide emissions from electricity generation. They suggest that despite President Donald Trump’s pledge to ” bring back coal” in the US, his administration’s regulatory changes are likely to be able only to slow its decline. The EPA set out proposals for replacing the Obama administration’s Clean Power Plan with a new approach known as the Affordable Clean Energy rule. It abandons the limits for states’ emissions that were set under the CPP, and focuses on improving the efficiency of individual coal-fired plants rather than looking at the electricity system as a whole.
FT 23rd Aug 2018 read more »