- Hard on the heels of last week’s historic US-China Joint Announcement on Climate Change, in which China pledged for the first time to cap its CO2 emission by 2030, China’s State Council has just announced a new energy strategy action plan that includes, also for the first time, a cap on national coal consumption by 2020. [Energy Collective]
- Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged. The low price is bad news for certain oil-producing countries like Russia, Nigeria and Venezuela, which depend on prices of at least $90 a barrel. While they last, lower oil prices could also halt the US shale oil boom. [CNN]
- The Indian government has received proposals from twelve states for setting up of solar power parks/ultra mega solar power projects with a total capacity of 22,100 MW. The the biggest of these is to be a 7,500 MW park to be set up in Leh and Kargil in Jammu and Kashmir. There have been hundreds of proposals. [I Government]
- Solar power is expanding dramatically around the world, with capacity expected to triple by 2020, according to a report by UK-based research firm GlobalData. The study forecasts installed capacity of currently 136 GW will expand to 414 GW by the end of the decade in 2020. The bulk of new installations are expected in emerging Asia. [Gulf Times]
- Stanford engineers have invented a revolutionary coating material that can help cool buildings by radiating heat away from them and sending it directly into space. A new ultrathin multilayered material can cool buildings without air conditioning by radiating warmth from inside the buildings into space while also reflecting away the heat of sunlight. [Science Daily]
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