Daily Digest

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Daily Digest 6/2 - Good News Friday: The World's Largest Floating Solar Plant, India To Go All Electric By 2030

Friday, June 2, 2017, 11:24 AM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

Automatic Voter Registration OK'd by Illinois Lawmakers (sv)

A previous version passed both chambers last fall but Republican Gov. Bruce Rauner vetoed it over concerns it didn't do enough to prevent voter fraud. Republican state Rep. Mike Fortner of West Chicago says this bill addresses all parties' concerns.

India aiming for all-electric car fleet by 2030, petrol and diesel to be tanked (sv)

About offshore wind projects, Goyal said these are more like an R&D project. The minister suggested that big PSUs, including NTPC, can initially invest in such projects that will lead to development of this segment in coming years.

Goyal said that in the last 3 years, India's energy consumption has grown by about 6.5 per cent CAGR (compounded annual growth rate), more than the figure for the last 10 years.

Bucking Trump, These Cities, States and Companies Commit to Paris Accord (sv)

Ms. Figueres, who described the Trump administration’s decision to withdraw as a “vacuous political melodrama,” said the American government was required to continue reporting its emissions to the United Nations because a formal withdrawal would not take place for several years.

The world’s largest floating solar power plant just went online in China (DT)

This transition to solar is in large part due to the rapidly plummeting cost of the technology itself. By 2020, China could reduce prices offered to PV developers by more than a third with solar power plants projected to rival coal facilities within a decade. The nation has also announced plans to increase its use of non-fissile fuel energy sources by 20 percent.

As U.S. retreats, EU and China seek climate leadership at summit (sv)

"The EU and China consider climate action and the clean energy transition an imperative more important than ever," the statement, by European Council President Donald Tusk, European Commission President Jean-Claude Juncker and Li, will say.

"The increasing impacts of climate change require a decisive response," they will say.

Exxon investors clash with executives, vote in favor of annual climate report (jdargis)

In late 2015, Exxon came under fire when New York’s attorney general opened an investigation into whether Exxon misled investors about the effects of climate change. Exxon’s scientists had allegedly been telling company leadership that climate change was an issue as early as the 1970s and ‘80s, but Exxon executives cast doubt on the idea publicly for decades. Rex Tillerson, the current US secretary of state and a former Exxon chairman and CEO, has been caught up in the ensuing state lawsuits as well, most notably for apparently using the undisclosed e-mail alias “Wayne Tracker” to communicate with other Exxon executives.

Kentucky Is Making It Easier for Organizations to Donate Extra Food (jdargis)

“We had found that there are organizations out there that wanted to donate food but were hesitant to do that because they were afraid of a frivolous lawsuit,” Quarles told the Public News Service.

An inside view of Hong-Kong’s hidden rooftop farms (JM)

Born out of a fear of contaminated foods, the city’s budding interest in high-altitude gardening may help heal an increasingly fractured – and ageing – society.

Food production is only one of the project’s aims, however. Their greater goal is to revolutionise the city’s fast-paced culture. Like most urban areas, Hong Kong’s society is highly stratified, and its citizens are often isolated to their particular niche, formed of their colleagues and close friends. The Rooftop Republic team hope that the farms can help break through those barriers. “It’s a bit of a social experiment,” says Tsui.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/1/17

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

2 Comments

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5969
An awkward chart

As the stock indexes power higher and higher on a flood of central bank money, the underlying conditions deteriorate pretty wildly.

In the FT they posted this awkward chart.

No commentary needed I suppose:

(Source

Oh well...it's always possible that THIS time is different.

PaulJam's picture
PaulJam
Status: Bronze Member (Offline)
Joined: Dec 4 2016
Posts: 75
Is today a milestone?

I could be (probably am?) wrong, but I can't shake my gut feeling that today's BLS job report miss is the start of what we have all been expecting - perhaps not a dramatically acute turning point, but at a point where economic weakness just can't be prettied up anymore by the MSM, and perhaps the beginning of the process that will eventually, after markets start to take substantial hits, force the fed into ever more desperate measures: buying equities, real estate, etc just to keep things from imploding....

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