"As the market and its regulators navigate the turbulence of an #energy system transitioning from fossil fuels to #renewables, experts warn surges [in the spot price] are likely to become more common. The ageing #coal-fired power station fleet is becoming less reliable, and with the development of large-scale renewables and storage lagging, the potential gap between demand and supply is getting larger."
'Woodcock’s entries in the Lords’ register of interests show he is paid to act as the chair of the Purpose Business Coalition, an organisation run by the PR and lobbying firm Crowne Associates, which counts the oil company #BP and the arms company #Leonardo among its clients.'
After its last #coal power plant shut in 2021 Portugal has shown real leadership in the #energytransition with 91% of its energy coming from renewables and having the lowest power prices in Europe. https://buff.ly/3Uui8n3
China's #coal consumption will fall by just 1/3 by 2040, according to a report published today by Norwegian consultancy DNV, threatening climate targets that call for phasing out much of global coal use by 2040 https://buff.ly/3QerUby
The simplest argument against funding new #oil, #gas & #coal projects is not that they’re immoral. It’s that they’re unsound. For investors & shareholders, funding new #FossilFuel projects is a risky bet https://buff.ly/3Jt5H5y
"Documents released under Alberta Freedom of Information laws confirm the United Conservative government was talking with the coal industry for years about relaxing a policy that protected the Rocky Mountains from open-pit mines.
The documents also show the province was talking about opening those landscapes to more development generally for at least seven months before letting the public in on its plans."
Though Indian 🇮🇳 PM Modi has promised to rapidly build out #solar & #wind generation to replace polluting #FossilFuels, his administration hasn’t been able to keep up with demand, giving a second life to old, inefficient #coal plants 🏭 https://buff.ly/4d14b8k
"Coal mine methane emitted by Germany could be 28 to 220 times as much as is officially reported."
"methane from Germany’s surface coal mines are clearly visible from satellite data, indicating emissions are significant and need to be addressed. The highest methane concentrations are found over the Hambach and Welzow-Süd mines"
Bloomberg: German coal mines emit much more methane than reported, study says. The nation has committed to helping slash global methane emissions 30% by the end of this decade.
"Justice Kent Teskey warned the province that courts take a dim view of delay being used to neuter public attempts to understand how important decisions are made.
'The requesting parties have been practically denied access to the information they are entitled to at law and this court will not abet this conduct through the availability of judicial review,' he wrote in a judgment released Friday."
For those of you who (rightly) think that a key element in the world's response to climate change would be the retiring of coal-fired energy capacity & the halt to new building of plant will be concerned by the current record on both.
While we fret (rightly) about oil & gas, we shouldn't forget that coal continues to be a major problem.
Once again our political leaders are making pious pronouncements, but doing too little for a green transition!