- Impact investment firm Wermuth Asset Management, has said that regardless of whether oil prices rise around potential OPEC production-capping news, there is no long-term future for the hydrocarbon sector. Solar power is now available at 3¢/kWh, which is equivalent to oil at $5 per barrel. Demand for oil is slowing down. [Emirates 24|7]
- “Trump victory won’t halt the U.S. clean energy boom” • Clean energy has been booming in the United States for reasons that don’t have much to do with climate change. Issues including health, security, and innovation all lead to high levels of support among even Republicans for getting power from water, wind and sun. [The Globe and Mail]
- Last month, Tesla launched its Powerwall 2.0 residential battery storage system, a little less than a year after Powerwall 1.0. Peak power has increased by 40%, continuous power by 50%, storage capacity by 100% (to 14 kWh), and an inverter is included. And all this is for about the same price as Powerwall 1.0, $5,500 ($AUS8,800). [CleanTechnica]
- Energy analysts at Deutsche Bank predict the state of South Australia could easily beat its target of 50% renewables by 2025, reaching 85% mark by 2020 and possibly as much as 95% by 2025. South Australia has already reached around 40% of its electricity from wind energy, and another 6% from rooftop solar. [CleanTechnica]
- President-elect Donald Trump is seeking quick ways to withdraw the United States from a global accord to combat climate change, a source on his transition team said, defying broad international backing for the plan to cut greenhouse gas emissions. Trump called global warming a hoax and promised to quit the Paris Agreement. [Fortune]
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