Monday, December 14, 2015

PARIS CLIMATE DEAL: 186 COUNTRIES AGREED ON PLANS TO CUT EMISSIONS .... NO CARBON TAX

186 of 195 countries to start cutting emissions. Will take world halfway to meeting 2*C temp increase limit. Deal kicks in in '20. Ship, aircraft emissions left out. Agreement "insufficient": climate experts. US, Japan, Germany some of 18 countries to build carbon markets. No militaries exempt. Deal to require $16.5T investment: IEA.

Australia PM lifted ban on state investment in wind power projects.

~87% of world population lives in areas exceeding safe levels of air pollution: study.

China comps building 107Gw of coal power plants around world. Offsets US closures of coal plants over next 5 yrs.

Cold water search in US northwest to save salmon.

Melting glaciers slow Earth rotation: study.

World's cheapest oil already near $20/bl.

China oil reserves doubled in '15.

Global oil demand to increase forecasted 1.2Mb/d in '16 v. 1.8M gain in '15: IEA. (OPEC put '15 gain at 1.53M.)

US oil rig count down 21 last week.

Oil capex spending down $250B in '15, est. $70B drop in '16.

China grain harvest up 2.4% this year v. '14.

1 of 4 powerlines from Ukraine to Crimea restored.

Sun Edison (SUNE) sold 333MW of projects to Terra Form (TERP) for $209M.

Australia comp to build 1Mw floating solar farm for Cal water treatment plant. Algae to be reduced by shade from panels, other synergies.

Trina Solar founder seeks to take comp private.

Kenya, Plan Intl to get over 2M solar systems for homes, schools, health clinics from SkyPower.

200Mw Invenergy wind farm online in Kansas. GE 1.7Mw turbines. Project started in '08. 12 full time permanent jobs.

Sun Asia Energy investing $120M for 60Mw solar in P.I. Online early '16.

Brazil comp $51M for 28.8Mw wind project in Brazil. 1.8Mw turbines. Online later this month.

Sun Ed Chile $208M for 90Mw solar project. Online in June.

Japan Bank Intl Coop, banks $68M loan for 90Mw geothermal project in Iceland.

Brazil $7B to shore up against hydropower risk.

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