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COMMENTARY: Limp COP30 Deal Matters Little in Renewables vs Fossil Battle

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Clyde Russell Summary (Reuters) – The weak statement that omitted any mention of fossil fuels was probably the best outcome that could have been realistically expected of the COP30 climate summit. It was always going to be a tall order to put nearly 200 countries with massively different perspectives together and deliver a strong statement …

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COMMENTARY: Investors Risk Being Hoodwinked by Grim Energy Transition Vibes – Ron Bousso

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By Ron Bousso Investment in low-carbon energy to reach $2.2 trillion this year Global renewable power capacity is forecast to double by 2030 Trade tensions to nevertheless slow the energy transition LONDON, Nov 20 (Reuters) – Stalled climate negotiations at COP30 and stubbornly high fossil fuel demand reflect the growing market consensus that the energy …

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The Future of the Energy Transition Will be Fractured, Bumpy and Long: Bousso

Conventional Energy, Latest, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

As COP30 kicks off its second week in Brazil, much has changed since the landmark Paris climate agreement was penned 10 years ago. The spirit of cooperation that once reigned has been shattered by economic rivalries and a stark divergence in climate policies among the world’s biggest polluters. The landmark UN COP21 climate agreement signed …

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US Urges Europe to Stick to Oil and Gas, Not Renewables

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(Reuters) – Global investments in renewable energy aren’t bearing fruit and the world should focus on securing reliable supplies of fossil fuels, U.S. energy and interior secretaries said this week as they worked on convincing Europe to buy more U.S. oil and gas. The U.S. has become Europe’s top oil and gas supplier on the …

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Energy Transition Set to Divide Manufacturers Across the Atlantic

Coal, Conventional Energy, Latest, LNG, Natural Gas, Oil, Renewable Energy, Solar, US News, Wind / By

(Reuters) – Manufacturers in North America and Europe are set to embark on starkly different power-source paths in the decades ahead, which could reshape the future prospects for goods producers on both sides of the Atlantic. In North America, natural gas is primed to remain the main power source for factories and production lines thanks …

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US Energy Prices to Spike on Trump’s Axing of Grants, Senator Says

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(Reuters) – The Trump administration’s plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committee said. Earlier this month, the Energy Department canceled $7.56 billion in funding for clean energy …

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States Sue to Stop Trump Cancellation of $7 Billion Solar Grant Program

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Oct 16 (Reuters) – Nearly two dozen states are suing the Trump administration over its cancellation of a $7 billion grant program aimed at expanding solar energy in low-income communities, according to court papers. In a statement on Thursday, California Attorney General Rob Bonta announced two lawsuits by a group of states that received grants …

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JPMorgan Says US Risks Missing Energy Goals Without Wind, Solar

Conventional Energy, Latest, Nuclear, Renewable Energy, Solar, US News, Wind / By

By Alastair Marsh and Will Mathis The US will struggle to generate the energy it needs to power growth in its tech industry without including wind and solar, according to JPMorgan Chase & Co.’s global head of sustainable solutions. “It’s difficult to conceive of a situation in which they won’t need to tap into those …

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Trump Administration Mulls Additional $12 Billion Clean Energy Funding Cut

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(Reuters) – The U.S. government is considering cancelling an additional $12 billion in clean energy funding, including awards for auto manufacturing and carbon capture, according to a list of targeted projects seen by Reuters. The projects on the list include two major direct air capture hubs that received billion-dollar awards from the administration of former …

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IEA Trims Renewables Outlook as US Policy Shifts and China Auction Reforms Weigh

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The International Energy Agency on Tuesday cut its global forecast for renewable power growth by 2030 by 248 gigawatts from last year’s outlook, citing weaker prospects in the United States and China, even as solar power continues to drive record additions. Global renewable power capacity is now expected to rise by 4,600 GW by 2030 …

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