NewEnergyNews: QUICK NEWS, January 22: Lloyd’s Of London Declares Coal A Bad Bet; Solar’s Peak Demand Power Knocks Out Old Energy; U.S. Wind Energy Push Praised By Global Wind Leader/

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Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

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YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Monday, January 22, 2018

    QUICK NEWS, January 22: Lloyd’s Of London Declares Coal A Bad Bet; Solar’s Peak Demand Power Knocks Out Old Energy; U.S. Wind Energy Push Praised By Global Wind Leader

    Lloyd’s Of London Declares Coal A Bad Bet Lloyd's of London to divest from coal over climate change; Firm follows other big UK and European insurers by excluding coal companies from 1 April

    Julia Kollewe, January 21, 2018 (UK Guardian)

    “Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies…Lloyd’s will start to exclude coal from its investment strategy from 1 April. The definition of what is a coal company and the criteria for divestment will be set over the coming months…The firm has long been vocal about the need to battle climate change, with insurance one of the worst affected industries by hurricanes, wildfires and flooding in recent years…The insurance market decided last month to implement a coal exclusion policy as part of a responsible investment strategy for the central mutual fund that sits behind every insurance policy written by the Lloyd’s market…Lloyd’s has been slower to take action than others. Other big UK and European insurance companies, including Aviva, Allianz, Axa, Legal & General, SCOR, Swiss Re and Zurich, have been shifting away from coal and other fossil fuels due to concerns about climate risks. About £15bn has been divested by insurers in the past two years… click here for more

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    Solar’s Peak Demand Power Knocks Out Old Energy Fossil Fuels Face a $1.4 Billion Solar Problem in Texas

    Chris Martin, January 17, 2018 (Bloomberg News)

    “A boom in solar power is threatening to wipe out $1.4 billion a year of summertime revenue for fossil-fuel generators in Texas…Almost 15 gigawatts of solar power may crop up in the Lone Star state in the coming years, and every gigawatt stands to shave about $2.76 a megawatt-hour from wholesale electricity prices there when demand peaks in the summer…This could end up dealing a major blow to fossil fuel-burning generators that rely on those peak prices to weather the lulls in demand through the rest of the year…The Texas market is ‘especially vulnerable’ to the impact of solar penetration because…[it offers very high prices for generation during a handful of high-priced peak demand hours each year that] align with solar production…The looming threat to natural gas- and coal-fired plants in Texas mirrors the shifts that renewable energy has brought on in other markets…” click here for more

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    U.S. Wind Energy Push Praised By Global Wind Leader U.S. Working Hard to Boost Wind Energy, Adviser Says in Denmark

    Peter Levring, January 16, 2018 (Bloomberg News)

    “…[The president’s] administration is working ‘quite aggressively’ to increase the use of renewable energy in the U.S. as part of the president’s plans to boost American energy independence, a senior adviser [visiting Denmark to study wind power] said…Denmark is home to the world’s biggest turbine maker, Vestas Wind Systems A/S, and Orsted A/S, the world’s biggest operator of offshore wind parks. The Nordic country set a record last year by obtaining 43.4 percent of its electricity from wind. Its government now wants renewables to cover 50 percent of the country’s total energy consumption by 2030 and to abandon fossil fuels completely by 2050…[The presidential adviser said the] administration was expanding the amount of federal funds available for offshore wind investments and that its choice of energy sources would be dictated by market considerations alone [despite the president’s promise] to bail out U.S. coal producers…[Current U.S. off-shore wind capacity] totals about 30 megawatts. Denmark’s totals 1.3 gigawatts…” click here for more

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