- Opinion: “No, cheap oil will not kill solar power” Solar energy investors seem to fear that cheap oil will erase demand for alternative energy. But it won’t, say industry analysts. Oil dominates energy demand in transportation fuels, but solar power customers are primarily of two types: public electric utilities and large corporations, neither of which use oil to generate electricity. [CNBC]
- The launch of a new coalition spearheaded by the United Nations Environment Program and focused on boosting renewable energy usage around the world was announced today as Member States head into the final three-day stretch of a major UN climate conference in Lima, Peru aimed at tackling the imminent threat of climate change. [AllAfrica.com]
- The U.S. is producing the most oil in 31 years, economic growth is picking up and crude prices are plunging. Nevertheless, American use of petroleum is waning. Greater efficiency is part of the cause. Another part is greater use of renewable resources. Another part is increased urbanization, particularly among younger people. [Bloomberg]
- Vermont will not meet its renewable energy goals unless policy changes are made, according to a report by the Shumlin administration.The Total Energy Study, prepared by the Department of Public Service, makes it clear that new policies are needed if the state wants to meet its goal of 90% renewable energy consumption by 2050. [vtdigger.org]
- The US DOE has issued the Advanced Nuclear Energy Projects loan guarantee solicitation of $12.5 billion to support innovative nuclear energy projects. The DOE’s Loan Programs Office also includes the $8 billion Advanced Fossil Energy Projects Solicitation, the $4 billion Renewable Energy and Efficient Energy Projects Solicitation, and the $16 billion Advanced Technology Vehicle Manufacturing loan program. [PennEnergy]
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