QUICK NEWS, February 21: What Businesses Can Do About Climate Change; High Winds Rising In The Deep South; When Solar Stocks Will Come Back
What Businesses Can Do About Climate Change 5 Ways Businesses Are Tackling Climate Change; Businesses recognise that climate change will involve new technologies, operating models and investment landscapes that present particular challenges and opportunities.
February 20, 2017 (World Economic Forum via Eye Witness News)
“Businesses and investors are increasingly recognising climate change as one of the top global risks...[and now fall] into two main camps. The first group have already started mobilising to drive the shift to a low-carbon and climate-resilient economy, looking to take advantage of the economic opportunities it presents. The second group - reading the signals from policy-makers and markets - is beginning to realise that the world’s shift to a low-carbon future is now inevitable and is grappling to understand the disruptions it will bring and the speed at which they will come…[Both groups recognize five key areas of challenges and opportunities in the rising level of investment going into sustainable business models and infrastructure development, the phase out of fossil fuel subsidies, the standardizing of corporate reporting on climate risk, the increasing use of effective carbon pricing, and more global collaboration on meeting the challenges]…” click here for more
High Winds Rising In The Deep South The South Has Been Slow To Harness Its Wind, But That's Changing
Sarah McCammon, February 16, 2017 (National Public Radio)
“Wind power is the largest source of renewable energy in the United States. But [because surface winds are mild, Amazon’s North Carolina installation will be the first large wind project in the] Southeast…[T]he strongest winds tend to be higher up than in [the wide open spaces of] the Great Plains…[because of geography and because] the Southeast has a lot of trees and forests…[A]side from a small amount of wind power in Tennessee, the region has lagged far behind the rest of the country in wind energy…[But technological advances make taller towers and longer blades] feasible and more affordable…[T]he cost of generating wind power has dropped about 65 percent over about the past five years…[and is now cost-competitive with coal and nuclear and southern] utilities are looking to diversify their fuel mix and lock in a low price with wind energy…” click here for more
When Solar Stocks Will Come Back Solar Energy Production Hit a Record High in 2016, So What's Wrong With Solar Stocks?
Travis Hoium, February 18, 2017 (Motley Fool via Madison.com)
“…[Driven by falling costs and favorable policy, the U.S. solar industry saw a 95% jump in installations in 2016] to 14.6 GW…On top of the huge installation numbers, solar accounted for 39% of all new electricity installed in 2016, a record for the industry. And with costs coming down every year, the future looks bright for the industry…{But across] the board, solar stocks had a rough year in 2016…SunPower, First Solar, Vivint Solar, and Sunrun are all down significantly [and SolarCity would be, too, if not for its buyout by Tesla…[Stocks are down because the favorable policy disfavored new contracts. That will lead to a slow 2017. But solar energy is cheaper than ever and it's now competing with fossil fuels on a cost basis. Long term, that will lead to a [bumpy ride and then a] tremendous amount of growth, and companies like First Solar, SunPower, Vivint, Sunrun, and Tesla should lead the way…” click here for more
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