March 5 Green Energy News

Headline News:

  • With the Irish Government in a race against time to avoid a potential €360 million fine from the EU for failing to hit renewables targets, 2017 looks set to be a defining year for the country’s energy sector. The EU’ s fine is €120 million for each 1% the country is below target, and the clock is ticking down on a 2020 deadline. [Irish Independent]
Irish wind power

Irish wind power

  • More than 4.5 million solar home systems have been installed in the rural areas of Bangladesh, bringing energy to the homes of 20 million people who live in the off-grid areas of the country. Since 2009, the access to electricity have been increased from 47% to 80%, and per capita power generation has increased by 85%. [Dhaka Tribune]
  • The seemingly insatiable appetite for natural gas at the nation’s power plants could be on the verge of an abrupt hiatus. Energy analysts are forecasting gas demand from the US power sector will at best flat-line and possibly fall off significantly over the next five years as federal energy policies and market dynamics collide. [Longview News-Journal]
  • Environmentally conscious investors are protesting President Donald Trump’s plans to slash environmental regulations by using their pocketbooks. This is fueling a rally in funds that only invest in companies meeting sustainability criteria. Funds without environmental or social mandates have seen outflows of $133 billion. [The Gazette]
  • The Trump administration is seeking major cuts to NOAA, one of the government’s climate science agencies, reducing its budget by 17% overall, with a 26% reduction for its research budget. Proposed cuts include reducing the climate protection budget by almost 70% and the Great Lakes Restoration Initiative by 97%. [Normangee Star]

For more news, please visit geoharvey – Daily News about Energy and Climate Change.

March 5 Green Energy News posted first on Green Energy Times

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