News 

The Future of Community Choice Energy in Santa Barbara

“Community Choice Energy nonprofits claim to offer renewable energy prices that are competitive with what people are currently paying for their power” writes Please Enter Your for ucsb.edu. It’s great for the community and the environment.” Despite the results of a study that deems Community Choice Energy economically impractical in Santa Barbara County, its proponents argue that CCE would create jobs and allow consumers to choose greener energy.Marin County doesn’t seem to be an outlier in experiencing economic viability with CCE. Sonoma County, another early community choice energy implementer, has…

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News 

A small firm in Germany has big ambitions in green energy

“The company, Sonnen, is a small enterprise with about 400 employees, but it has big ambitions” writes Stanley Reed for cnbc.com. The village produces about seven times the energy it consumes, selling the surplus to the power grid.In Germany, Sonnen is tapping into an ethos of energy independence enabled by the growth of renewables and other breakthroughs.A big chunk of the Lachers’ investment went for a battery supplied by a company based in this Alpine village.Still, Wildpoldsried’s energy ventures have drawn experts from companies like Siemens, the electrical equipment supplier,…

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AUD News 

Australia just ditched its Clean Energy Target for a new plan, and it’s terrible for renewables

“Now Australia’s gone and dumped its Clean Energy Target for a so-called “plan” that removes subsidies for renewable energy and hands the mic to coal power” writes Shannon Connellan for mashable.com. “This government appears to be hellbent on destroying renewable energy,” Shadow Minister Climate Change and Energy Mark Butler told reporters.Liberal MP Andrew Hastie said the package would prevent Australia from becoming a “banana republic” — something Hastie thinks would happen if the country used more renewable energy.The Turnbull government reckons they can lower prices for consumers by creating a…

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UK inflation hits highest since April 2012

“British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month” writes Simon Dawson I for cnbc.com. Consumer prices last month were 3.0 percent higher than a year ago, the Office for National Statistics said on Tuesday, matching economists’ average expectation in a Reuters poll and marking the fastest rise since April 2012.Rising inflation – driven largely by the pound’s fall since last year’s Brexit vote – has…

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Crypto News 

The electricity required for a single bitcoin trade could power a house for a whole month

“To make the verification (mining) costly, the verification algorithm requires a lot of processing power and thus electricity.”” writes Will Martin for businessinsider.com. “Bitcoin’s energy costs stand in stark contrast to payment systems that have the luxury of working with trusted counterparties.LONDON — Bitcoin transactions use so much energy that the electricity used for a single trade could power a home for almost a whole month, according to a paper from Dutch bank ING. Bitcoin trades use a lot of electricity as a means to make verifying trades expensive, therefore…

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News 

with the trends most stark in electric cars, solar and nuclear energy

“U.S. politicians have been warning for years that America couldn’t let China win the clean energy race” writes Sam Baker for axios.com. TerraPower, a company founded by Bill Gates, decided to test and ultimately deploy its new advanced nuclear technology in China.That’s exactly what has happened, with the trends most stark in electric cars, solar and nuclear energy. Source: axios.com Share This:

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While U.S. moves backward, China seeks clean-energy future | Op-Ed

“He should notice that Beijing is getting its growth by focusing on the future, the next areas of growth in economics and technology” writes Fareed Zakaria for seattletimes.com. According to a recent report from the U.N., China invested $78.3 billion in renewable energy last year — almost twice as much as the United States. Source: seattletimes.com Share This:

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Markets News 

Rick Perry Wants to Bail Out the Coal Industry

“Though the power grid stayed intact through that episode, the largest grid operators saw roughly 20 percent of their power plants shut down” writes Robinson Meyer for theatlantic.com. Coal-burning power plants emit more heat-trapping carbon dioxide into the atmosphere than any other part of the electricity sector.It could also create a brief boom in the coal market, as plants snap up three months of fuel. Source: theatlantic.com Share This:

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News Regulators 

Inflation rises to 2.2 percent in September, as hurricanes push up gas prices

“Rising inflation is welcome from the perspective of the Federal Reserve, which has been surprised by inflation running below its target for most of the year” writes Joseph Lawler for washingtonexaminer.com. Gas prices rose 13 percent in the month and accounted for three-fourths of the total monthly increase in inflation, according to the agency.On the year, energy prices are up roughly 20 percent.Core inflation, which strips out food and energy prices, held at just 1.7 percent for the fifth month in a row. Source: washingtonexaminer.com Share This:

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