Justin GuayNew analysis from @blackrock on rising risks investors face due to climate change is great. But silence on their role in driving it in the first place as the largest owner of the coal industry in the world is deafening. This cognitive dissonance must end
A new Wood Mackenzie Power & Renewables report highlights the strategic business case for bringing off-grid energy to the billion-plus people who lack grid power.
Justin GuayThis is why the big boys take energy access markets seriously. Spot on from @solarbenattia 'Companies “have the opportunity to own the next billion customer relationships — and that includes all their evolving needs and all their data.”
Engie n'aura bientôt presque plus de centrales à charbon en Europe. L'énergéticien français devrait annoncer dans les prochains jours la vente...
Justin GuayWhat's a coal plant in Europe worth these days? Apparently pennies on the dollar. Engie just sold 2.3 GW for $250M. Those likely cost ~ 10x that to build. Time to retire these penny stocks and move @EurBeyondCoal
If market price is the benchmark for compensating the early closure of coal assets, then recent deals indicate that Germany’s coal and lignite power plants and mines have very low value, and make a mockery of compensation claims by Germany’s biggest...
Justin GuayWhat the German government should pay to shut down the country's coal plants down early is going to be a controversial topic. RWE is saying $1B/GW. The market is saying maybe nothing, maybe up to $100M. This should get interesting via @ieefa_institute
Government advisers suggest homes are heated using low-carbon energy instead
Justin GuayA UK climate commission is pushing for no new gas connections. That means no growth, means no future, means no investment today. It’s a big deal and a first step towards #electrifyeverything h/t @chrisnelder
Community choice aggregation sure is getting ambitious. CCA is an arrangement that entitles groups of ratepayers to band together and demand more renewable energy from their local utility company. Now a group of seven CCAs in California is skipping...
Justin GuayCCA’s making a play to control retail generation is already a big deal. But add in a push for electrification and things get really interesting #heatpumpnation #electrifyeverything
Suncorp chief executive Michael Cameron says businesses should be forced to adhere to climate change action plans, after his company's half-year profit slumped.
Justin GuayAn Australian insurer is saying companies should be forced to align their activities with Paris and climate action after another year of natural disasters weighs down earnings cc @billmckibben @Silvio_Marcacci
Supporting coal plants could pose economic risks for developing countries.
Justin GuayTwo of the worlds largest coal plants have become stranded assets hanging like an albatross around the neck of the South African economy. Meanwhile China is pushing new coal plants across SE Asia. Will governments heed the warning? My latest on @axios
There's simply no easy way for South Africa's power utility to claw its way out of the crisis it's in.
Justin Guay“The main cause of Eskom’s troubles are two of the biggest coal-fired generating plants in the world. These plants are running behind schedule...over budget and...don’t work. They are probably the single largest disaster in South Africa’s economic history”
The recommendation by Germany’s coal commission that the country end its use of the fossil fuel in power stations by 2038 could breach a Paris Agreement-compatible pathway by more than a billion tonnes of CO2, Carbon Brief analysis shows.