Headline News:
- Liquified natural gas is running out of steam. Natural gas demand in Europe is 12% lower than it was 10 years ago. Chinese and Indian demand continues to grow, but the dramatic gains by solar power and wind, where costs have fallen 85% since 2009, have severely limited the prospects for natural gas as a power source. [MetalMiner]
Liquefied natural gas ship (Photo: donvictori0 | Adobe Stock)
- Southern California Gas Co is partnering with the University of California-Irvine’s Advanced Power & Energy Program to design an “Advanced Energy Community.” The community will be planned as a replicable model that optimizes a variety of energy options, including solar, wind, and renewable natural gas. [North American Windpower]
- Moody’s Investors Service is telling cities that they must prepare for increasingly worse storms due to climate change or their credit ratings could suffer. Lower credit ratings mean a city has to pay more to borrow money. The warning comes after studies showed climate change worsened damage from Hurricane Harvey. [Houston Public Media]
- The Energy Information Administration’s “Short Term Energy Outlook” projects that renewable energy resources, excluding hydropower, will gain about two percentage points, reaching 10% of the US electricity generation market in 2018. The EIA expects generation from gas-fired power plants to drop to 32% in 2017 from 34% in 2016. [Utility Dive]
- Tax provisions critical to the electric power sector remain in flux as Republicans try to reconcile competing House and Senate versions of tax reform, Sen Lisa Murkowski (R-AK) said. The status of production tax credits for wind and nuclear energy, incentives for electric vehicles and a host of other “orphan” energy resources remain “in flux.” [Utility Dive]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
December 14 Energy News posted first on Green Energy Times
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