The third annual Sustainable Energy in America Factbook released today documents the continuing dramatic changes in how the U.S. produces, delivers and consumes energy, and makes some projections and predictions about the direction of the energy sector in the future. The report was researched and produced by Bloomberg New Energy Finance and commissioned by The Business Council for Sustainable Energy....
Since the collapse in oil prices began in the middle of last year, all eyes have been on how the oil industry responds. Already, some $200 billion of projects have been either axed or deferred, mostly because they cannot compete on costs.
The US shale oil industry is also suffering. This graph below from industry analysts Baker Hughes shows the dramatic fall in the number of rigs operating in the US shale industry.
Property-assessed clean energy loans for homes rebounded in a big way last year. PACE looks to continue to gain steam in 2015, but it is being joined by other investment vehicles bringing new life to residential energy efficiency.
World leaders decided in Copenhagen that global warming should be limited to 2 degrees Celsius. Achieving that target, though, would take nothing less than a miracle. With another round of climate negotiations approaching, it is becoming increasingly clear that mankind has failed to address its most daunting problem.
Between 2009 and 2013, employment in Canada’s clean energy sector increased by 37% — meaning it now supplies more jobs than the country’s infamous tar sands, according to the new report Tracking the Energy Revolution — by Clean Energy Canada, a climate think tank.