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
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
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
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
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
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
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
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
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
by Neela Banerjee, Inside Climate News Highlights Air pollution, mainly from burning fossil fuels, reduces life expectancy worldwide by an average of 2.9 years and has led to 8.8 million premature deaths according to a new study in Cardiovascular Research. In North America, lives were shortened by 1.4 years on average due to air pollution. … Read more
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