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U.S. clean power giants to join forces to build lobbying muscle

by Brian Eckhouse, Bloomberg


Highlights

  • A new lobbying organization named the American Clean Power Association has formed in order to advocate for more renewable policies
  • The country’s top wind power trade group is teaming up with some big-name energy groups such as NextEra Energy, Avangrid, and Berkshire Hathaway Energy to form this association
  • The renewables industry spent less than $18 million on lobbying in 2019, while the fossil fuel industry spent $104 million
  • The Association aims to make renewables such as wind and solar the USA’s primary power source by prioritizing environmental policy, market reform and grid modernization

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.


Read More: https://www.bloomberg.com/news/articles/2020-09-03/u-s-clean-power-giants-to-join-forces-to-build-lobbying-muscle?sref=ABTRBDIh

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 $1-2 trillion in infrastructure spending per year
  • Though previous economic downturns have slowed the transition of green energy investing, Goldman Sachs believes this transition will be accelerated due to coronavirus 
  • In order to move green infrastructure forward, we will need a low cost of capital and regulatory framework
  • Growing technologies such as clean hydrogen and carbon markets also need access to sufficient capital or long term plans for emission reductions will stall

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.


Read More: https://markets.businessinsider.com/news/stocks/renewable-energy-trillion-investment-opportunity-surpass-oil-first-time-goldman-2020-6-1029318482

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 Renewable Energy Agency reports that since 2010, utility-scale solar power costs have dropped 82% and onshore wind costs have dropped 39%
  • Sonia Aggarwal, vice president of Energy Innovation didn’t expect the grid could transition at such a fast rate:

“I didn’t expect that we were going to get 90% by 2035. It’s really exciting that this is the moment that we’ve reached in this country, where the costs have just changed so much that this is now within our reach, in a way that it wasn’t even five years ago.”

  • According to the report, the addition of renewables on the grid would not result in higher electricity bills for consumers
  • Federal policies that set clean energy standards are needed to make a nationwide transition from fossil fuels to renewables

The Climate Center works toward electrifying buildings and vehicles using 100% clean energy sources such as solar and wind to eliminate fossil fuel-based emissions. 


Read More: https://www.fastcompany.com/90513361/the-u-s-can-get-to-90-clean-electricity-in-just-15-years

Rhode Island becomes the first US state to commit to 100% renewables by 2030

by Carolyn Fortuna, Clean Technica, January 20, 2020


Highlights:

The littlest state in the US has set the biggest goals for renewable energy. 

  • Democratic governor Gina Raimondo of Rhode Island signed an executive order this month calling for an end to fossil fuel dependence in Rhode Island by 2030
  • The governor outlined her goal of focusing on battery storage with the transition to cleaner energy sources
  • Rhode Island is on track to meet its 2020 goal of increasing their clean energy ten-fold

California’s SB100 calls for 100% renewables by 2045.  See more California climate legislation here


Read more: https://cleantechnica.com/2020/01/20/rhode-island-is-1st-us-state-to-commit-to-100-renewable-by-2030-its-time-to-set-our-sights-higher/