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Solar power crushes its own record for cheapest electricity ‘ever, anywhere, by any technology’

Prices for new solar power projects are falling so fast that the cheapest prices from 2016 have become the ceiling price for solar today. In April 2016, Bloomberg New Energy Finance (BNEF) reported that the record low unsubsidized solar energy price was

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Trump’s DOE invests $62 million in concentrated solar power

The DOE recently issued a press release stating they’ll invest up to $82 million in research: $62 million for CSP and $20 million in power electronics technologies, focusing on new technologies now that the average price for utility-scale solar is

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Fossil fuels win billions in public money after Paris climate deal

Billions of dollars of public money was sunk in new fossil fuel projects by the world’s major development banks in the year after the Paris climate change deal was agreed, according to campaigners who are calling for the banks to

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More than half of America’s nuclear reactors are losing money

More than half of America’s nuclear reactors are bleeding cash, racking up losses totaling about $2.9 billion a year, based on a Bloomberg New Energy Finance analysis. Nuclear power plants are getting paid $20 to $30 a megawatt-hour for their

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World’s biggest coal company closes 37 mines as solar power’s influence grows

The largest coal mining company in the world has announced it will close 37 mines because they are no longer economically viable. Coal India, which produces around 82 per cent of India’s coal, said the mines would be decommissioned by

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Talk is cheap: how G20 governments are financing climate disaster

The best available science shows an urgent need to keep global temperature increases below 1.5°C to avoid severe disruptions to people and ecosystems. Recent analysis shows that burning the reserves in already operating oil and gas fields alone, even if

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Renewables will kill coal faster than you think

Solar power, once so costly it only made economic sense in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than previously forecast. That’s the conclusion of a Bloomberg New Energy

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Three Mile Island nuke plant closure strengthens call for renewable energy future

The announcement that the Three Mile Island Unit One nuclear plant will close unless it gets massive subsidies has vastly strengthened the case for a totally renewable energy future. That future is rising in Buffalo, and comes in the form

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Hinkley Point C is £1.5bn over budget and a year behind schedule

The UK’s first nuclear power station for more than two decades is at least £1.5bn over budget and could be completed 15 months behind schedule, its developer has admitted. French state-owned EDF said the cost overrun for two new reactors

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38 million pieces of plastic waste found on uninhabited South Pacific island

ne of the world’s most remote places, an uninhabited coral atoll, is also one of its most polluted. Henderson Island, a tiny landmass in the eastern South Pacific, has been found by marine scientists to have the highest density of

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