QUICK NEWS, November 23: ACT NOW ON CLIMATE OR PAY BIGGER BILL LATER; THE EMERGING OCEAN WIND PLAY; SOLAR INDUSTRY SPLIT

ACT NOW ON CLIMATE OR PAY BIGGER BILL LATER Delaying action on climate change will hurt growth: Global CEOs

23 November 2015 (The Economic Times)

“Advocating the need for meaningful ‘global action’ to deal with climate change…[an open letter from 78 corporate leaders] said delaying action would damage growth prospects in the years to come…Ahead of the crucial global climate change talks beginning later this month in Paris, [the letter, signed by] a cross-sectoral coalition facilitated by the World Economic Forum (WEF)…[representing] USD 2.13 trillion in revenue, said] that an economically sustainable shift to a low-carbon future will create 'jobs and growth' across the world…[but delaying] action is not an option, it will be costly and will damage growth prospects in the years to come…[It called] on government leaders and policy makers to align on global measures, to be consistent in policy-making and to develop helpful innovation frameworks…” click here for more

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THE EMERGING OCEAN WIND PLAY First US offshore wind farm hits the waves

November 22, 2015 (News 24)

“…[W]hile the US East Coast has what one study called a ‘Saudi Arabia’ of untapped wind resources just off its shores…[Europe] has built more than 80 offshore wind farms since 1991 [but] there had not been a single wind farm constructed in US waters…[but] Deepwater Wind's five-turbine Block Island project is expected to go online in late 2016 with an overall capacity of 30 MW…[The project] is a ‘demonstration project’, despite its hefty price tag of $290m, raised entirely from private investors…Deepwater and two other companies, including Dong Energy of Denmark, have leased tracts from the federal government farther off Rhode Island and Massachusetts for even larger farms, with up to a combined 500 turbines. Other developers are eyeing Maryland and New Jersey…A recent report by Oceana, an ocean conservation advocacy group, found that the wind resources off the 13 US states along the East Coast could generate 127 GW…[and] supplant 70% of the East Coast's fossil-fuel based electricity…” click here for more

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SOLAR INDUSTRY SPLIT SolarCity cutting ties with rooftop solar advocacy group

Kyle Roerink, November 20, 2015 (Las Vegas Sun)

“The Alliance for Solar Choice, an advocacy group representing rooftop solar companies, is losing one of its anchor members…SolarCity will leave the alliance in December, after a pivotal battle with NV Energy over a policy called net metering, which pays rooftop solar customers for providing energy to the grid…Since 2013, the alliance has advocated and lobbied for rooftop solar in Nevada and is working with regulators to devise a long-term price structure for net metering in the state…Sunrun, the nation’s second largest rooftop solar company and a fellow member of the alliance, has been SolarCity’s top ally…SolarCity’s split from the alliance highlights an apparent rift with its competitor…The two have differed on tactics for addressing the state’s solar policies and disagreed on how to work with lawmakers and regulators…” click here for more

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