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According to Amory Lovins a consultant to Shell Oil for the past 45 years and Chief Scientist and Co-founder of the Rocky Mountain Institute, little attention is being paid to the work that traditional energy companies are doing in the renewable energy industry.
“I think a lot of groups promoting efficiency and renewables are so busy working with innovation and insurgency in the business world that they don’t pay enough attention to the incumbents,” he said during an interview at Shell’s Powering Progress Together forum in Detroit, Michigan at the end of April.
“It's like a yin-yang balance,” he said, jokingly adding that if you aren’t part of the problem, how can you be part of the solution?
However, fossil fuel companies are well-equipped with the skills and expertise to transition into new business lines, he said.
“These are companies with immense and unique skills, some of which will be useful for a long time.”
Last year marked the first time since 2013 that solar energy growth outpaced wind energy, according to a new report from the International Renewable Energy Agency (IRENA). Solar saw a record 71 GW of new capacity in 2016, while wind increased by 51 GW.
The President announced on Tuesday, March 28th at the Environmental Protection Agency his new Executive Order based on protecting 75,000 US coal jobs by threatening over 3 million US clean energy jobs.
According to MorningConsult
The order directs officials to review the Environmental Protection Agency regulations on new and existing power plants, withdraw the Obama administration’s “social cost of carbon,” which puts a price on greenhouse gas emissions, end a moratorium on new coal leases on federal land, review regulations on methane emissions from natural gas systems, end a guidance for agencies to consider climate change, and end Bureau of Land Management restrictions on hydraulic fracturing.
The Trump administration has not yet released the text of the order which is based solely on saving coal and other fossil jobs, but a senior White House official shared details with reporters in a call on March 27th.
In a portion of her statement delivered yesterday to the European Union, United Kingdom Prime Minister Theresa May said, “I hereby notify the European Council in accordance with Article 50 of the Treaty on European Union of the United Kingdom's intention to withdraw from the European Union.”
China’s National Development and Reform Commission, Ministry of Finance and National Energy Administration recently jointly announced a pilot program for the issuance of green certificates to renewable energy producers coupled with a trading scheme running on a voluntary basis across the country.
Greenko Energy Holdings, the green power developer backed by sovereign wealth funds, expects to double its capacity in India by 2019 with the help of assets acquired during the bankruptcy of SunEdison Inc.
Generation capacity should grow to about 5 gigawatts in the next two years as new projects come online and Greenko integrates 1.5 gigawatts of SunEdison assets into its portfolio, Mahesh Kolli, the founder of the company based in Hyderabad, India, said in a telephone interview.
President Donald Trump is moving aggressively to undo policies designed to keep the carbon-cutting promises the U.S. made alongside nearly 200 other countries in Paris, while stopping short of a decision to formally withdraw from that landmark climate accord.
Trump will sign an executive order Tuesday that begins unraveling a raft of rules and directives to combat climate change, which President Barack Obama wove into the fabric of the federal government as he made addressing the issue a centerpiece of his second term.