Natural gas and renewable power plants will account for almost all the new capacity to be installed in the United States for the "foreseeable future" while the number of coal-fired power plants will continue to decrease, according to a report by PEW Charitable Trusts.
Although gas prices are temporarily low at the pump, long-term energy costs are on the rise. According to State of the World 2015 contributing author Nathan John Hagens, a former hedge fund manager who teaches human macro-ecology at the University of Minnesota, nations are papering over those costs with debt. Higher energy costs are leading to continued recessions, excess claims on future natural resources, and more-severe social inequality and poverty.
In 2014, renewable energy accounted for 9.8 percent of total domestic energy consumption. This marks the highest renewable energy share since the 1930s, when wood was a much larger contributor to domestic energy supply.
The transportation sector is moving away from oil slowly but surely. Driven by growth in the use of biofuels and natural gas, non-petroleum energy now makes up the highest percentage of total fuel consumption for transport since 1954, according to a new report from the U.S. Energy Information Administration (EIA).
Shifting from diesel fuel to natural gas to power the nation's heavy-duty commercial trucking sector would achieve widely promised climate benefits only if widespread emissions of heat-trapping methane across the natural gas value chain are reduced, according to a new study coauthored by researchers from Environmental Defense Fund (EDF) and published in the journal Environmental Science & Technology.
Fred P. Hochberg, chairman of the U.S. Export-Import Bank signed a memorandum of understanding with Chairman K.S. Popli of the Indian Renewable Energy Development Agency (IREDA) to explore options for utilizing up to $1bn to finance the sale of U.S. clean energy exports to India.