A global transition to clean energy would cost $44 trillion but save $115 trillion in avoided fuel costs, according to a new report. Such benefits would be spread out over the course of decades. A broad shift to clean energy will require more holistic, long-term approaches to policy and financing.
White House solar panels are back at the First Family's residence, the Obama administration announced Friday. The White House solar panels cap off the Obama administration's week of energy and climate change initiatives, aimed at raising public awareness of the threats posed by carbon emissions.
Climate change poses threats to the extraction, production, and distribution of energy across the US, according to a new climate-change report from the Obama administration. Much of the challenge for the energy industry revolves around its reliance on water for cooling and production needs.
Ukraine violence escalated over the weekend and into Monday as pro-Russian militants clashed with Ukraine forces in the east and the Black Sea port city of Odessa. The threat of another natural gas shutoff intensified, too, with Russia and Ukraine failing to agree on terms for paying down Ukraine's gas debt.
The Supreme Court upheld a federal regulation Tuesday that limits the amount of air pollution that can cross state lines, handing a victory to the Obama administration's efforts to limit air pollution. The Supreme Court ruling deals a blow to the US coal industry, but the biggest hit is yet to come.
New Western sanctions on Russia over Ukraine early this week did little to deter the world's leading energy firms from moving ahead with major oil and gas projects in Russia. That could change as Washington and Brussels mull broader sanctions on Russia's energy industry.
Energy Secretary Ernest Moniz visited Boston Tuesday to commemorate Earth Day at the New England Aquarium. Before heading to Fenway Park to throw out the first pitch at a Red Sox game, he sat down with the Monitor's David J. Unger to talk about the Ukraine crisis, oil exports, methane leaks, and his optimism about tackling climate change. Here are excerpts (edited for clarity):
The Ukraine crisis presents the country with an opportunity to boost its domestic energy production with the help of American expertise, says US Energy Secretary Ernest Moniz, in a Monitor interview. US experts will support Ukraine natural gas production and energy efficiency as part of a crisis support package announced Tuesday.
Diplomats from Russia, Ukraine, Europe, and the US agreed Thursday to steps that aim to deescalate an increasingly delicate situation in eastern Ukraine. Energy interdependency has helped tamp down tensions as the sides take a step toward settling Ukraine's natural gas debt.
Clean energy is off to a strong start in 2014, with global investment rising as prices for wind and solar power continue to drop. Renewables still hold a small share of total energy mixes, but clean-energy growth is picking up momentum.
Ukraine declared an 'anti-terrorist operation' Tuesday against pro-Russian militia in eastern Ukraine's Donetsk region. Meanwhile in the West, Kiev courted its European neighbors for alternative fuel supplies that would boost its energy security.
While containing global warming will require substantial investment in cleaner sources of energy, much can be accomplished through energy efficiency, a new United Nations report says. More efficient cars, buildings, and appliances will play a crucial role in curbing the effects of global warming, the report found.
Russian President Vladimir Putin warned western leaders Thursday of a potential shutoff of natural gas supplies unless Ukraine pays off the billions it owes for Russian gas. There are alternatives to Russian gas, but the cutoff Putin threatens is a worst-case scenario for Ukraine and broader Europe.
Ukraine again missed a payment deadline late Monday on the natural gas it buys from Russia. Ukraine's debt to Russia over natural gas has led to supply cutoffs before, but there are other ways to resolve a long-standing dispute.
It's not just dependency on Russian natural gas that poses problems for Ukraine, it's also Russia's virtual monopoly on the fuel for Ukraine's nuclear reactors.
Major oil and gas companies have an opportunity to lead the global fight against climate change, according to Christiana Figueres, the United Nations' climate change chief. Traditional energy firms say they are already cutting emissions, but Ms. Figueres offered both environmental and economic reasons for doing more.
Secretary of State John Kerry reaffirmed support Wednesday for a more diverse European energy supply as a response to Russia over the Ukraine crisis. Some have called for the US to wield its own 'energy weapon,' but the Obama administration has focused more on European solutions.
Russia is raising the price it charges Ukraine for its natural gas, and the interim Ukrainian government is upping the price of its own subsidized, domestic gas. Higher energy costs will hit Ukraine's economy hard during a delicate transition, but it could prove valuable further down the road.
Warming climates and rising incomes will lead to a surge in cooling-related energy use, according to the latest report by the Intergovernmental Panel on Climate Change. It's one of several ways global warming is set to alter global energy supply and demand.