In January, climate change claimed its first corporate victim. Facing billions in liabilities after contributing to some of California’s deadliest and most devastating wildfires, PG&E filed for Chapter 11 bankruptcy […]
The California State Assembly on Tuesday voted 43-32 on a bill that aims for 100 percent renewable energy by 2045, one of the nation’s toughest clean energy mandates. Should the […]
BlackRock Inc is planning to raise $3.5 billion for investments in energy infrastructure in what is poised to be its largest alternative investment fund yet, an executive at the world’s […]
China will require automakers to comply with a cap-and-trade auto emission rule starting from 2019, the Ministry of Industry and Information Technology announced on Thursday. Car companies with annual sales of more than 30,000 vehicles would have to meet a quota of 10 percent being New Energy Vehicles (NEV’s), meaning all-electric battery vehicles or plug-in hybrids, it said in a statement.
Specialist renewable energy investor Quercus will invest over half a billion euros in a solar power project in Iran, with construction to start in the first half of 2018, the company’s chief executive told Reuters.
The planned 600-megawatt (MW) plant, located in central Iran, will be the sixth largest globally, behind projects of up to 1.5 gigawatts (GW) in China and India. The work is expected to take three years, with the project coming online in 100 MW phases every six months, Quercus said of its first project outside Europe.
Some experts suggest that environmental regulations, such as the US decision to quit the Paris Climate Agreement, are likely to have a zero impact on the US economy. Do you share this point of view? Why?
It depends on a period of time that you are talking about. I think that in the long run it has a negative impact. I believe that the energy sector, especially alternative energy sources, hold tremendous opportunities for economic growth. If the US is not going to push in that direction, then other counties will take that growth away. Thus, I think that within the next two years there may be no effect, but, going forward, it has a negative impact on the US economy.