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COP26 Update: Tricky Talks on Carbon Markets; Thunberg Fed Up

(Bloomberg) Energy Day at COP26 produced a couple of deals meant to phase out fossil fuels and bring in clean energy. But the agreements -- crafted as part of the U.K.’s effort to “consign coal to history” -- were soon looking a bit thin.The coal pact didn’t include the U.S. or China. It…
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New Jersey Amps Up Fight Against Beachside Towns Opposed to Offshore Wind

New Jersey Amps Up Fight Against Beachside Towns Opposed to Offshore Wind By Josh Saul and William Mathis (Bloomberg) — Offshore wind farm developers are finding one more thing in common with the fossil fuel industry: community backlash on both sides of the Atlantic. Much like the resistance to fracking in parts of the U.S. and the U.K., oceanfront towns have fought against power lines running ashore from wind farms, even as the massive turbines themselves are mostly out of sight. In a dra...
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IEA criticizes oil and gas industry's green spending, expecting a fourfold increase

“Much greater resources have to be mobilized and directed to clean energy technologies to put the world on track to reach net-zero emissions by 2050,” said Fatih Birol, the IEA’s executive director. Among other milestones, the IEAs 2050 plan depends on all new oil and gas exploration worldwide being halted several weeks ago.
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Waves and Seaweed Challenge France's Plans for Floating Wind – gCaptain

By Francois de Beaupuy and William Mathis (Bloomberg) — Floating wind energy projects could open up vast areas of the world’s oceans to produce carbon-free power. But developers must first solve two key technical problems, according to France’s electric-grid operator. Sea swell can cause vibrations that harm floating-substation equipment, while cables can be damaged by a buildup of shells and seaweed, Reseau de Transport d’Electricite said. These issues must be tackled before floating ...
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Wind Power Giant's Profit Hit by Rocks on the Seabed – gCaptain

Wind Power Giant’s Profit Hit by Rocks on the Seabed Building power plants in the middle of the sea was never going to be easy. The world’s largest developer of offshore wind farms Orsted A/S has found that some of its cables connecting to wind farms have been damaged by scraping against rocks on the seabed and will need to spend as much as 3 billion Danish kroner ($489 million) to fix them. It’s part of the growing pains for the offshore wind industry that’s become one of the fastest-g...
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