Sunday, November 30, 2014

Optimism greets UN-sponsored climate change talks

LIMA: Representatives from more than 190 countries have been making their way to Lima for the annual UN-sponsored climate change talks (COP20) over the weekend. "Never before have the risks of climate change been so obvious and the impacts so visible," said Christiana Figueres, the UN's climate boss ahead of the Lima meet which begins on Monday. 

Wednesday, November 26, 2014

Solar and wind power start to succesfully compete with traditional sources even without subsidies

The cost of providing electricity from wind and solar power plants has plummeted over the last five years, so much so that in some markets renewable generation is now cheaper than coal or natural gas. According to a study by the investment banking firm Lazard, the cost of utility-scale solar energy is as low as 5.6 cents a kilowatt-hour, and wind is as low as 1.4 cents.