Arduous path to LNG success 19:42 | 06/04/2021
In search of stable and clean energy, Vietnam has put a strong focus on liquefied natural gas, which â though being a fossil fuel â promises to outrun coal with its higher cost efficiency and lower emissions. However, experts advise developing an efficient infrastructure and set out power purchase agreements that can attract the required investment.
GE s latest 9HA.02 turbine is accelerating the shift to LNG
After a wave of investment in solar and wind power over the past two years, Vietnam is now witnessing strong interest in the field of electricity generated with the use of liquefied natural gas (LNG).
Frustration over light penalties for coal mine that polluted Indonesian river
by Della Syahni on 5 April 2021
In February, a coal-slurry spill in a river in Indonesian Borneo killed thousands of fish and forced downstream municipalities to cut off water supplies.
The local government issued a decree requesting that the company repair embankments, establish a system of inspections, develop a rapid response plan, and replace the dead fish.
Activists say the official response is too light, noting that Indonesian law allows for criminal prosecution for environmental destruction, as well as penalties such as revoking mining licenses.
After a series of coal-slurry spills into the Malinau River in Indonesian Borneo, locals and environmental groups are calling for tougher sanctions, and for national banks to divest from the coal industry.
Coal country races to shield itself from Biden’s climate plan By Will Wade, Bloomberg News
Published: April 4, 2021, 6:18am
Share: This Dec. 6, 2017, file photo shows the Colstrip power plant in southeast Montana. (Mike Siegel/Seattle Times/TNS)
Coal’s slow downfall is gaining momentum across the U.S. as clean energy becomes cheaper and wins widespread support, but lawmakers in mining states from Wyoming to West Virginia are determined to fight back with a series of roadblocks to President Joe Biden’s plan to cut greenhouse-gas emissions.
Seeking to prolong the lifespan of an industry that’s vital to local economies, at least five states are seeking to pass legislation that would give them weapons such as bigger hurdles to shut coal-fired plants, a war chest for potential legal battles, more power to state regulators over utilities, tax cuts and cheaper state insurance for power stations.
April 4, 2021 | 8:09 pm Font Size
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INSTITUTIONAL INVESTORS are abandoning fossil fuel companies in favor of renewables, driven in part by the perception of improving renewable energy (RE) returns as technologies improve, according to a study of publicly-traded RE companies in developing markets.
According to the study, “Clean Energy Investing: Global Comparison of Investment Returns,” issued by the International Energy Agency and London’s Imperial College Business School Centre for Climate Finance & Investment, the listed RE sector across a number of emerging markets and developing countries posted returns of 136% in the decade ending in 2020, against 113.8% for fossil fuel companies.
RE volatility was higher though at an annualized 6.9% compared with 5.4% for fossil fuels.
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In a few months, a small British financial think tank will mark the tenth anniversary of the publication of a landmark research report that helped launch the global fossil-fuel-divestment movement. As that celebration takes place, another seminal report this one obtained under the Freedom of Information Act from the world’s largest investment house closes the loop on one of the key arguments of that decade-long fight. It definitively shows that the firms that joined that divestment effort have profited not only morally but also financially.
The original report, from the London-based Carbon Tracker Initiative, found something stark: the world’s fossil-fuel companies had five times more carbon in their reserves than scientists thought we could burn and stay within any sane temperature target. The numbers meant that, if those companies carried out their business plans, the planet would overheat. At the time, I discussed the report with Naomi Klein, who,