fossil fuels

The US Department of the Treasury has revealed how new renewable tax incentives will be paid for by a tax raid on the fossil fuel industry, eliminating subsidies for oil and gas companies.

As part of a strategy that includes retiring coal-fired power plants by 2040 and reaching net zero carbon emissions from electricity generation by 2050, utility company Alliant Energy has published its ‘Clean Energy Blueprint for Iowa’.

An increasing number of banks are turning away from fossil fuels and towards renewable energy financing. As Catherine Early reports, despite the chilling effect of the coronavirus pandemic on the industry, hopes are high that a tipping point is nearing.

Fossil fuel exposure lands energy majors in trouble with one-trillion-dollar GPFG, who is boycotting coal-heavy firms as part of climate shift that will see it back unlisted renewables.

Confirmed record-breaking at 6:10am of Tuesday 28 April was made possible by a combination of high levels of solar on the grid and lower-than-usual demand.

Norwegian firm to seek FiT support for 485MW pipeline, Sunseap's PV rooftop switched on at diaper factory, Indian solar raises more than coal.

A large tranche of utility-scale solar – and storage – projects in Hawaii has been approved by the state’s Public Utilities Commission (PUC), each quoting a cost per kilowatt hour of US$0.10 or under.

Germany and Spain to catch up the fastest amid boom set to multiply solar generation by 60 between 2015 and 2050, McKinsey finds.

Shell has signed an agreement to acquire a 43.83% interest stake in US solar developer Silicon Ranch Corporation from investment manager Partners Group for US$193-217 million.

Shell is developing a 20MW solar plant at Moerdijk in the Netherlands where it runs one of Europe's largest petrochemicals manufacturing sites.