“Flow batteries,” which last many more years and many more hours than the kind we carry in our phones, could make storage of solar or wind power much more straightforward. Firms that make them have commanded high valuations all spring, sometimes with grand and mysterious promises of energy revolution. To...
City Forest Credits matches nonprofits and cities to fundi urban trees. It describes its mission as one to make “American cities greener, healthier, and more equitable.” By computing value of rainfall interception, air quality benefits and energy savings, the outfit aims to define premium price for nonprofit organizations to charge...
BP has become the biggest oil and gas company to promise to cut its carbon emissions to net zero by 2050. Bernard Looney, BP’s new chief executive, said that it was “no longer enough” to provide reliable and affordable energy, it had to be cleaner too.
ISO New England's 14th annual Forward Capacity Market auction closed at $2/kW-month, representing the lowest price in the program's history and an almost 50% drop compared with the $3.80/kW-month in last year’s auction.
A network of 54 central banks and industry supervisors formed in 2017 is looking for ways to develop a new framework for climate risk management in the financial sector. Many of the group’s members are also on the Basel Committee on Banking Supervision, which sets global capital requirements.
"The role of our financial regulators is to ensure sustainable, efficient markets that protect us from financial and economic disruptions. As we’ve seen over the years, however, they’re not always up to the task."
Microsoft unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the earth’s atmosphere, saying efforts to merely emit less carbon aren’t enough to prevent catastrophic climate change.