Getting climate, energy & environment news right.

What free market principles did for Vietnam
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What free market principles did for Vietnam

"Vietnam is now one of the world’s most dynamic countries, with a vibrant economy that creates great opportunities for hardworking people and entrepreneurs. From a country that, before the market reforms began, was unable to produce enough rice to feed its own population, it has become one of the world’s largest rice exporters — and a major electronics exporter."

NRC grants exemption for PG&E to operate Diablo Canyon nuclear plant during license renewal review
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NRC grants exemption for PG&E to operate Diablo Canyon nuclear plant during license renewal review

"The nuclear power plant supplies about 17% of California’s zero-carbon electricity and 9% of its total electricity, according to the California Energy Commission. On Tuesday it approved a resolution that 'the state’s electricity forecasts for the calendar years 2024 to 2030, inclusive, show potential for reliability deficiencies if the Diablo Canyon power plant operation is not extended beyond 2025.'"

Current Climate: Funding For Carbon-Reduction Tech Hits $4.2 Billion
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Current Climate: Funding For Carbon-Reduction Tech Hits $4.2 Billion

Katie Jennings and Alan Ohnsman of Forbes report on carbon-reduction funding. “Last year investors pumped nearly $4.2 billion into startups working on technology to reduce CO2 emissions, up from $3.6 billion in 2021, according to PitchBook. The number of deals also increased to 204 in 2022 from 167 in 2021. Svante, a Canada-based carbon capture startup,...

Cirba Solutions Secures $50 Million Marubeni Investment
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Cirba Solutions Secures $50 Million Marubeni Investment

Cirba Solutions reports on a $50 million investment from the Marubeni Corporation. “This most recent strategic investment in Cirba Solutions further augments the previously announced $245 million investment from EQT Infrastructure and the over $82 million from two recent Department of Energy grants from the Bipartisan Infrastructure Law.” Read the full article here.

Natural Gas: Fasten Your Seat Belts
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Natural Gas: Fasten Your Seat Belts

"What could worsen fluctuations even further are extreme weather events, which have become more common since the 1970s. That not only accentuates the highs and lows of natural-gas demand but also can affect supply. Colder-than-expected winter days have already caused more freeze-offs in natural-gas supply in recent years, notes Mr. Rubin. In 2021, a cold blast hitting Texas and neighboring states resulted in the largest monthly decline in U.S. natural-gas production ever and a 70-fold increase in local prices."

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