G7 countries reach deal to phase out coal plants by 2035

Energy G7 countries reach deal to phase out coal plants by 2035. Final agreement could include leeway to keep temperature rise below 1.5C limit in line with countries' net zero goals. G7 ministers reportedly reached agreement to shut down coal-fired power plants by early 2030s.

Weekly Report: what happened at CNRG last week (0422-0426)?

Biden administration imposes sweeping regulations on power plants

Energy Biden administration imposes sweeping regulations on power plants. New rules mandate strict controls on carbon dioxide emissions at existing coal plants and newly built natural gas plants. The new rules could force many coal plants to shut down unless they undertake costly upgrades to capture smokestack emissions. EPA says the new rules will cut 1.4B tons of CO2 emissions.

ICLN: Clean Energy Will Provide Massive Returns Globally, Just Not Yet

IShares Global Clean Energy ETF (ICLN) warrants a hold rating due to multiple current barriers for the global clean energy industry. ICLN and peer clean energy funds face significant near-term challenges, including high costs, muted demand, and the prevalence of fossil fuels. Clean energy will provide massive returns globally, but suboptimal returns can be expected in the short term. The fund has a relatively attractive valuation and low expense ratio compared to peers. The energy sector has seen poor long-term performance.

Earth Day is here but green energy ETFs have struggled in 2024

Weekly Report: what happened at CNRG last week (0415-0419)?

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U.S. grid operators say they're ready for big solar generation drop in today's eclipse

Energy U.S. Grid operators say they're ready for big solar generation drop in today's eclipse. More than 6.5 GW of domestic solar PV capacity will be totally obscured from sunlight. Texas will lose the most capacity of any state, with solar generation dropping by 92% at the peak of the eclipse.

Weekly Report: what happened at CNRG last week (0401-0405)?

SEC to pause new climate disclosure rule while litigation plays out

Energy SEC to pause new climate disclosure rule while litigation plays out. More than 20 Republican-led states and business groups have filed lawsuits seeking to overturn the rule. The SEC says it wants to focus on defending the rule's merits in court. The agency recently weakened the measure.

Q1 2024 Macroeconomic Review: Tenacious Inflation's Lingering Impacts

Home Market Outlook Economy Analysis Q1 2024 Macroeconomic Review: Tenacious Inflation's Lingering Impacts. The first quarter of 2024 revealed a more-persistent-than-hoped picture of inflation. Consumer spending, the prime driver of the economy, showed signs of strain. The skepticism directed towards electric vehicles and renewable energy in Q1.

Weekly Report: what happened at CNRG last week (0325-0329)?

Berkeley, California, to repeal first U.S. gas ban after settling lawsuit

Berkeley, California, to repeal first U.S. Gas ban after settling lawsuit with the California Restaurant Association. A court ruled the ban violated the federal Energy Policy and Conservation Act. The city of Berkeley has agreed to drop the first-ever natural gas ban following a settlement agreement.

Weekly Report: what happened at CNRG last week (0318-0322)?

Taking Stock: Q2 2024 Equity Market Outlook

Biden set to award billions to decarbonize U.S. heavy industries - Bloomberg

Energy Biden set to award billions to decarbonize U.S. Heavy industries. The Biden administration plans to award as much as $6.3B through dozens of grants to help hard-to-decarbonize industries cut emissions. The funding will be aimed at industries that account for nearly 25% of U.s. Emissions. Cleveland-Cliffs is proposing to make steel using hydrogen.

U.S. solar manufacturers urge greater government support for local production

Tech Energy U.S. Solar manufacturers urge greater government support for local production. A new report calls for stricter domestic content requirements for clean energy tax credits. Chinese-owned PV companies supplied more than half of all solar modules shipped to the U.s. In 2023.

SPDR S&P Kensho Clean Power ETF declares quarterly distribution of $0.1974

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Largest U.S. grid could see 58 GW of power generation shut by 2030, report warns

Energy Largest U.S. Grid could see 58 GW of power generation shut by 2030, report warns. PJM Interconnection could lose as much as 58K MW of mostly fossil fuel power generating capacity by the end of this decade. The retirements could drive up prices for consumers in the region.