Renewable-energy spending likely to surpass oil and gas for the first time ever in 2021

by Ben Winck, Business Insider Highlights Goldman Sachs reports that renewable energy investments will be a quarter of all energy spending in 2021, surpassing investment in oil and gas If the United States aims to meet climate standards that result in less than 2 degrees Celsius of warming, the transition into renewable energy will create […]

Renewable_energy_park

The U.S. can get to 90% clean electricity in just 15 years

by Adele Peters, Fast Company Highlights A new report from UC Berkeley shows that the falling price of renewable energy can result in the U.S. using 90% clean energy by 2035, ultimately transitioning to 100% renewable energy by 2045. Adding new clean energy infrastructure could add up to 570,000 new jobs each year The Internation […]

U.S. renewable energy consumption surpasses coal for the first time in over 130 years

By Mickey Francis, US Energy Information Administration Highlights In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885, according to the U.S. Energy Information Administration (EIA) Compared with 2018, coal consumption in the United States decreased nearly 15%, and total renewable energy consumption grew by 1%, […]

Solar and wind cheapest sources of power in most of the world

By Brian Eckhouse, Bloomberg Highlights Solar power and onshore wind power are now the cheapest new sources of electricity in the majority of the world’s population. The Levelized Cost of Energy for wind has fallen 9% and solar has dropped by 4%   Prices are especially low in the U.S., China, and Brazil  Improvements in the technology, […]

Oil companies are collapsing, but wind and solar energy keep growing

By Ivan Penn, The New York Times Highlights Even though the renewable energy sector is facing some losses during the coronavirus pandemic, renewables are set to account for nearly 21% of the electricity in the United States, a 3% increase from 2019 Renewables prices have not dropped as much as oil and gas prices during […]

LEGISLATIVE UPDATE – March 27, 2020

Due to the COVID-19 disruption, the legislature has gone into recess until April 13 at the earliest. While the legislature is on recess, The Climate Center continues to analyze the bills that were introduced in February, and is in the process of determining positions on many of them. Below are several, but not all, of […]

Legislative Update for March 12, 2020

Below are several selected upcoming committee hearings and several, but not all, of the key bills we are tracking. For a complete list of the 44 bills we are currently tracking in 2020, click HERE. Please send updates, suggestions, corrections to info[at]cleanpowerexchange.org. Our next update will be published here on March 26. SPECIAL NOTE: Due […]

Repsol is first oil major to pledge zero emissions by 2050

by James Herron, Bloomberg Repsol SA embarked on the most ambitious attempt yet by an oil major to align itself with the Paris climate goals, saying it will eliminate all greenhouse gas emissions from its own operations and its customers by 2050. The Spanish giant’s exploration and production unit will focus on value instead of […]

Solar and wind power are outgrowing subsidies

by Mark Chediak and Brian Eckhouse, Bloomberg For years, wind and solar power were derided as boondoggles. They were too expensive, the argument went, to build without government handouts. Today, renewable energy is so cheap that the handouts they once needed are disappearing. On sun-drenched fields across Spain and Italy, developers are building solar farms […]

New York awards offshore wind contracts in bid to reduce emissions

by Ivan Penn, NY Times New York State, which last month passed an ambitious law to reduce the emissions that cause climate change, said Thursday that it had reached an agreement for two large offshore wind projects. The wind projects, to be built off the coast of Long Island, represent a big step forward for […]