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June 18 Green Energy News

Headline News:

  • “Solar power gaining ground” • Solar power, once so costly it made economic sense only in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than previously forecast. The scenario suggests green energy is taking root more quickly than most experts anticipate. [GoErie.com]
Solar array (Thinkstock image)

Solar array (Thinkstock image)

  • Falling oil prices crushed corporate revenue streams in Houston last year, plunging sales in the region to even lower levels than in the Great Recession eight years ago. In 2016, revenue for Houston’s 100 biggest public companies dropped to $561.7 billion, down from the $976.7 billion they collected at the height of the oil boom in 2014. [Houston Chronicle]
  • Worldwide, $10.2 trillion will be invested in power generation from 2017 to 2040, with renewable power sources such as wind and solar getting almost three quarters of that, the report by Bloomberg New Energy Finance said. But $5.3 trillion more in renewable power would be needed to keep global temperatures from rising more than 2° C. [Climate Central]
  • “Record levels of green energy in UK create strange new world for generators” • On one Friday in May, solar power briefly eclipsed the UK’s eight nuclear power stations. The grid recently went without coal for an entire day for the first time, and the dirty fuel is now regularly absent from power supply for hours at a time. [The Guardian]
  • The IPCC, an international body for assessing the science related to climate change, mapping climate change, and evaluating the climate plans of members of the Paris climate agreement, faces a financial deficit, following the recent decision to withdraw the US from the Paris Agreement. Other countries are stepping up with support. [Royal News]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

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