Oil companies are collapsing, but wind and solar energy keep growing
by Ivan Penn, The New York Times
Highlights
- Renewable energy sources, such as wind and solar, may comprise 21% of the electricity in the U.S., up from about 18% in 2019
- Solar and wind are producing electricity at a cost-competitive rate in the U.S. and throughout the globe compared to natural gas and coal due to government mandates to address the climate crisis
- The pandemic has been hard on smaller solar companies who are seeing declines in rooftop installations
- Energy research firm Wood Mackenzie estimates that solar and wind power will continue adding capacity throughout the year
- Renewable energy has become more financially attractive as developers can build wind and solar farms more quickly than gas and coal plants
Fossil fuel divestment and the transition to 100% clean energy is critical to achieving The Climate Center’s goals under the Climate-Safe California Platform.
Nina is a graduate of the Energy Management and Design program at Sonoma State University. She has experience in non-profits that specialize in sustainability and volunteerism. Nina is currently the Energy Program Coordinator and produces the bi-weekly Clean Power Exchange newsletter.
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