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☆ Brazil signs on to global climate deal to triple renewable energy
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +2 min

A spokesperson for Brazil's Foreign Ministry confirmed the country has decided to join the pact. Brazil is already a major player in renewable energy. While Brazil supports tripling renewables globally, mathematically it is not possible domestically, a Foreign Ministry spokesperson said. "Brazil won't be able to triple its own renewable energy because it's already very high, but Brazil is once again reinforcing its support for renewables," he said. The draft renewable energy pledge, reviewed by Reuters, commits to "the phase down of unabated coal power," including ending financing for new coal-fired power plants.

Persons: Bruno Kelly, Valerie Volcovici, Jake Spring, Josie Kao Organizations: REUTERS, Foreign, European Union, United, Reuters, United Arab Emirates ' Foreign Ministry, Renewables, Energy, Brazil's Foreign Ministry, Foreign Ministry, Thomson Locations: Manaus, Amazonas, Brazil, United Arab Emirates, South America's, Dubai, Brazil's, Abu Dhabi

☆ Coal will continue to play a role in India's energy mix, says renewable energy firm
▼ + stars: | 2023-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoal will continue to play a role in India's energy mix, says renewable energy firmSumant Sinha of ReNew Energy Global says India is "very dependent on fossil fuel imports," and discusses ways to reduce that dependence.

Persons: Sumant Sinha Organizations: Energy Global Locations: India

☆ Net Zero Is Still Possible, but Clean Energy Spending Must Go Faster
▼ + stars: | 2023-09-26 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

At least $4.5 trillion a year in clean-energy investments will be needed by the start of the 2030s to reach net zero by 2050, the IEA said. “We have the tools needed to go much faster,” the report said. It estimates that 80% of the emissions reduction needed by 2030 can come from increasing renewable generation, energy efficiency and electrification, as well as from cutting methane emissions. The new report comes as policies toward green energy globally are at a crossroads, with politicians balancing green ambitions with energy security and a cost-of-living squeeze. “Without efforts to reduce methane emissions from fossil fuel supply, global energy sector CO2 emissions would need to reach net zero by around 2045,” the report said.

Persons: Ajit Solanki, “, Yusuf Khan Organizations: Press, International Energy Agency, IEA, Business Locations: Surendranagar, Gujarat, India, Paris, Ukraine, China

HOUSTON, July 10 (Reuters) - A coming wave of North American liquefied natural gas (LNG) export projects faces staffing challenges that are prompting some of the biggest developers to expand training and coordinate projects to keep construction workers. WORKERS NEEDEDAt present Bechtel has more than 3,000 professionals working on its LNG projects. Two other projects - Golden Pass LNG and Plaquemines LNG - have added workers and are moving to 24-hour work schedules. Cheniere and Bechtel are training workers using virtual simulations or via partnerships with local schools. Venture Global LNG stitched together 18 liquefaction units in its highly modular Calcasieu Pass LNG plant, allowing it to open the facility in what it said was record time.

Persons: Paul Marsden, Marsden, Alex Munton, Bechtel, Corey Grindal, Grindal, Cheniere, Jason Klein, Klein, Paul Varello, Curtis Williams, Nia Williams, Matthew Lewis Organizations: Bechtel Corp's Energy, Labor, Rapidan Energy, Bechtel, Cheniere Energy, Corpus, Plaquemines, Canada, Reuters, Commonwealth LNG, Venture, Columbia, Thomson Locations: U.S, Port Arthur, Christi, Kitimat, British Columbia, China, Calcasieu, Houston

Solar investment could reach a turning point in 2023, and some stocks are well-positioned to benefit from the boom. In the U.S., the Inflation Reduction Act is expected to lead to $600 billion in new investment in solar technology, according to the Solar Energy Industries Association. More than 62% of analysts are bullish on the home solar energy company. ReNew Energy's average price target suggests shares rallying 47% in the coming months. The residential solar energy provider could see shares surge almost 90%, according to its average price target.

Persons: Michael Grubb, Grubb, Morgan Stanley Organizations: International Energy Agency, University College London, Bank, Development, Solar Energy Industries Association, CNBC Pro, Nasdaq, York Stock Exchange, Energy, Energy Global, Sunnova Energy Locations: U.S, India

Below are key extracts from the G7 climate, energy and environment ministers' communique, including the annex. RUSSIA"We condemn Russia's illegal, unjustifiable, and unprovoked war of aggression against Ukraine;"We stand ready to support the sustainable and resilient recovery and green reconstruction of Ukraine." "Currently $13 billion fiscal support that can be used for domestic and foreign projects is prepared across the G7 countries." PLASTIC POLLUTION"We are committed to end plastic pollution, with the ambition to reduce additional plastic pollution to zero by 2040." Reporting by Katya Golubkova; Editing by David Dolan and William MallardOur Standards: The Thomson Reuters Trust Principles.

Scholz set off on the one-day trip, which unusually will not include a press delegation, late on Thursday. His visit comes days after Biden's security adviser, Jake Sullivan, said that Biden only sent Abrams tanks to Ukraine because Scholz made it a pre-condition for sending German Leopards. Berlin has insisted that Biden came to see it was necessary and so the decision was consensual. "The Biden administration will use the Scholz visit to try to shift Germany’s balance in the direction of stronger pushback." Scholz and Biden would discuss ongoing support for Ukraine, the upcoming NATO summit, and cooperation on the challenges posed by China and cooperation in the Indo-Pacific, U.S. officials said.

☆ Davos 2023: India's ReNew Power exploring Egypt green hydrogen project
▼ + stars: | 2023-01-16 | by ( Maha El Dahan | ) www.reuters.com time to read: +3 min

ReNew Power is now studying green hydrogen opportunities, specifically in Egypt, having signed a framework agreement during the COP27 climate conference last year, Sumant Sinha told Reuters in Davos at the World Economic Forum. The plant would be located around 200 kilometres south of the capital Cairo and the green hydrogen would be shipped through the Suez canal. India also has plans to produce 5 million tonnes of green hydrogen by 2030, which ReNew Power wants to be a part of. "India has very good natural resources also and we can ship out of India just like we can out of Egypt." "One of the big reasons why there is so much volatility in the capital markets especially for clean tech stocks is because interest rates are going up," he said.

☆ Analysts love these 3 renewable energy stocks that could see more than 50% upside
▼ + stars: | 2022-12-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Renewable energy expansion is predicted to grow exponentially over the next five years, according to the International Energy Agency. Suppose 3,891 gigawatts of renewable energy production capacity are installed over this period, as IEA predicted earlier this month . Wind energy stocks Hong Kong-listed China Longyuan Power offers the biggest upside potential to investors among the stocks screened. Renew Energy Global is a Nasdaq-listed company that primarily builds and operates solar and wind energy projects in India. Solar energy stocks The table below lists stocks that are part of the Global X Solar ETF.

☆ Google signs solar power supply deal with SoftBank-backed SB Energy
▼ + stars: | 2022-11-01 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

REUTERS/Charles Platiau(Reuters) - Alphabet Inc’s Google said on Tuesday it would buy about three-quarters of the renewable power from SB Energy Global’s Texas facilities, as it aims to operate data centers on carbon-free energy by 2030. Companies are rapidly shifting toward clean energy and transportation as they look to meet environmental and sustainability goals. The $430-billion Inflation Reduction Act signed by President Joe Biden signed in August also seeks to incentivise a shift to clean energy, by providing tax credits. Google will use the energy from the SoftBank Group Corp-backed company, which will have a capacity of about 3 GW by early next year, to power data centers in Texas, Alphabet said. SB Energy’s Orion 1, 2 and 3 and Eiffel solar projects which total nearly 1.2 gigawatts (GW) of capacity are expected to be ready to supply power by mid-2024.

☆ UAE and U.S. to spur $100 bln in clean energy projects - WAM
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

ABU DHABI, Nov 1 (Reuters) - The United Arab Emirates and the United States have signed a partnership to spur $100 billion of investments in clean energy projects and add 100 gigawatts of clean energy globally by 2035, state news agency WAM reported on Tuesday. "Together, we will spur large-scale investment in new energy technologies, in our own countries, around the world and in emerging economies," U.S. energy envoy Amos Hochstein said a statement carried on WAM. The statement said the partnership would "assemble and stimulate" private and public sector funding and support for clean energy innovation, carbon and methane management, advanced reactors including small modular reactors, and industrial and transport decarbonisation. Under the initiative, the UAE, an OPEC oil producer, and the United States would provide technical, project management and funding assistance for commercially and environmentally sustainable energy projects in other countries. Reporting by Ahmed Tolba; Writing by Lina Najem and Ghaida Ghantous; Editing by Louise Heavens and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ How super-hot rocks miles under the earth's surface could provide limitless clean energy
▼ + stars: | 2022-10-28 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

The Clean Air Task Force commissioned a non-profit geothermal organization, the Hot Rock Energy Research Organization, and an international clean energy consultancy, LucidCatalyst, to estimate the levelized cost of commercial-scale superhot rock electricity. Graphic courtesy Clear Air Task ForceRegular versus superhot geothermalWhile energy from superhot rocks is not being used now, geothermal energy is being used in a few places where super-hot temperatures exist close to the surface of the earth. But accessing superhot rock energy involves tapping into hotter, dry rock — which is everywhere, but sometimes far beneath the surface. Graphic courtesy Clear Air Task ForceIceland is a leader in investigating superhot rock geothermal energy with its Iceland Deep Drilling Project. Beyond Iceland, Italy, Japan, New Zealand and the United States are leaders in superhot rock geothermal, according to Friðleifsson.

☆ How super-hot rocks miles under the earth's surface could help combat climate change
▼ + stars: | 2022-10-28 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

"It will take public and private investment similar to those being allocated to nuclear, carbon capture, and hydrogen fuels," Hill told CNBC. But accessing superhot rock energy involves tapping into hotter, dry rock — which is everywhere, but sometimes far beneath the surface. Graphic courtesy Clear Air Task ForceIceland is a leader in investigating superhot rock geothermal energy with its Iceland Deep Drilling Project. Beyond Iceland, Italy, Japan, New Zealand and the United States are leaders in superhot rock geothermal, according to Friðleifsson. Oil and gas companies could use their resources to help spur development in the superhot rock industry, the CATF report said.

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