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Wetlands prevent hurricane damage. Economists now know how much

Wetlands

by Eric Roston, Bloomberg Green Highlights: According to a new study, wetland preservation will be increasingly important to protect Atlantic and Gulf Coast communities against hurricanes and cyclones. The study evaluates how much wetlands are worth based on the cost of the damage caused by storms One square kilometer of wetlands is worth almost $2 … Read more

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In this new solar-powered apartment complex, all 600 units have batteries that form a virtual power plant

Solar Panel Power Generation. by mrganso found on https://www.needpix.com/photo/1123513/photovoltaic-system-solar-solar-energy-solar-panel-photovoltaic-renewable-energy-revolution-power-generation-solar-field

by Adele Peters, Fast Company Highlights: A Salt Lake City apartment complex, named Soleil Lofts, is the first to incorporate solar plus storage into every unit. The local utility will use solar and storage as a virtual power plant and will avoid using fossil fuels during peak hours The developing company, Wasatch Group, used batteries … Read more

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Fossil fuels for power at turning point as renewables surged in 2019: data

by Aaron Sheldrick, Reuters  Highlights: Electricity generation from fossil fuels in the United States, European Union, and India fell in 2019. Renewable power generation increased at a faster rate than the overall growth in power output for the first time The decline of fossil fuels is likely to accelerate due to countries trying to commit … Read more

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Wall Street is falling out of love with natural gas

by Gerson Freitas Jr and Vanessa Dezem, Bloomberg Highlights: Investors are ditching natural gas and fossil fuels in order to invest in renewable energy such as solar and wind:  Environmentalist push-back on dirty energy investments has put fossil fuel valuations at a tipping point  For the first time in about a decade, local gas distributors indices are … Read more

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Michigan utility sets goal to achieve net-zero emissions by 2040, a record in U.S.

By Dan Gearino, Inside Climate News Highlights Consumers Energy in Michigan aims to reach net-zero emissions by 2040, the fastest timetable of any major utility in the country. Previously, the utility pledged to cut 90% of its emissions by 2040 Renewable energy will account for almost 72% of their portfolio, while natural gas will account … Read more

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UBS exits arctic oil, coal mines and tar sands projects

By Dieter Holger, The Wall Street Journal Highlights UBS Group, one of the world’s largest banks and previously Europe’s fourth-biggest coal-mining financier, announced it will no longer finance new offshore oil projects in the Arctic, thermal coal mines or oil sands on undeveloped land after pressure from investors and environmentalists. Outside of investor pressures, UBS says its … Read more

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Diverse coalition calls on legislature to restore climate smart agriculture funding

by Jeanne Merrill, CalCAN Highlights Governor Newsom’s budget proposal includes various bonds relating to the climate, but cuts funding for healthy soils and other agricultural-based climate programs. The main critique of the proposed budget is that it doesn’t do enough to address real climate solutions and is not generous enough to the agriculture sector One … Read more

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The psychology of Coronavirus vs. climate change: Why we mobilize for one, not the other

by Patty Wetli, WTTW Chicago Highlights The human response to Coronavirus is more urgent because it is considered an “immediate” issue, as opposed to the climate crisis, which appears to many to be a distant threat Behavioral economist Katherine Milkman explains that our inaction on climate change and our collective mobilization on the Coronavirus is … Read more

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What would it take to get more farmers fighting climate change?

by Tom Philpott, Grist Highlights Maine Democrat Chellie Pingree introduced the Agriculture Resilience Act which aims to maximize carbon sequestration on farm and grazing lands. The act aims to establish a national goal of net-zero greenhouse emissions from agriculture by no later than 2040, add more funding to food and agriculture research, maximize carbon capture … Read more

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Oil and real estate groups are dishing out money on California Democrats. Here’s where

by Hannah Wiley, Sacramento Bee Highlights The oil and real estate industry is contributing to fund campaigns for moderate Democrats in California in order to establish connections and favors in Sacramento. Examples include: Money is given through independent expenditure committees since businesses cannot coordinate directly with the candidates  In the Central Valley, an expenditure committee … Read more