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Deirdre Fulton – Global Economic Realities Confirm, the ‘Future is Not in Fossil Fuels’

Underscoring the need for a global shift to a low-carbon economy, a new report finds a record number of U.K. fossil fuel companies went bust in 2016 due to falling oil and gas prices. The Independent reported the analysis from accounting firm Moore Stephens which found “16 oil and gas companies went insolvent last year, compared to none at all …

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Climate Change Puts Trillions of Dollars of Assets at Risk: Study

Trillions of dollars of non-bank financial assets around the world are vulnerable to the effects of global warming, according to a study on Mondaythat says tougher action to curb greenhouse gas emissions makes sense for investors. Rising temperatures and the dislocation caused by related droughts, floods and heatwaves will slow global economic growth and damage the performance of stocks and bonds, …

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Jonathan Watts – Uruguay makes dramatic shift to nearly 95% electricity from clean energy

s the world gathers in Paris for the daunting task of switching from fossil fuels to renewable energy, one small country on the other side of the Atlantic is making that transition look childishly simple and affordable. In less than 10 years, Uruguay has slashed its carbon footprint without government subsidies or higher consumer costs, according to the country’s head …

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Renewable energy redoubles its global reach By Alex Kirby

As the world economy and energy use both grew in 2014, renewables continued their rapid rise− but carbon emissions did not.  LONDON, 27 June, 2015 − A significant threshold has been crossed by renewable energy as analysts report that the sectorʼs size last year reached double the level it was at just 10 years earlier. This expansion happened in a year when the global economy and energy …

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Death of US Coal Exemplifies Need for Paradigm Shift for Global Energy System

A new report released Tuesday by the London-based Carbon Tracker Initiative warns that the crash of U.S. coal markets is but a harbinger of things to come for all fossil fuel investments. The report, The U.S. Coal Crash – Evidence for Structural Change (pdf), found that the slump in coal prices has forced more than two dozen U.S. coal companies into bankruptcy …