Posts

Rocky Mountain Institute study shows renewables are kicking natural gas to the curb

by Steve Hanley, Clean Technica


Highlights

  • New research from the Rocky Mountain Institute (RMI) shows that renewable energy is leading natural gas as the preferred choice of new electricity generation 
  • The study looks at energy projects from two of America’s largest electricity markets — ERCOT and PJM
  • RMI argues that there should be a shift away from utility monopolies and an embrace of open competition 
  • Over the past two years, there has been a transition away from building new gas fired plants towards more renewable energy projects as they are performing better within electricity markets 
  • Since 2018 the demand for clean energy projects has doubled while gas project demands have been cut in half, leaving over $30 billion worth of gas projects canceled or abandoned 
  • Voting in climate champions will promote federal policies that prioritize clean energy and help appoint the right people into government agencies like the Federal Energy Regulatory Commission 

Scientists are increasingly warning that to avoid catastrophic impacts from climate change, the world’s governments must implement massive reductions of warming emissions and begin a drawdown of greenhouse gases (GHG) from the atmosphere over the decade ahead.  For a safe and healthy future for all, endorse the Climate-Safe California Platform to implement scalable solutions that can reverse the climate crisis.


Read More: https://cleantechnica.com/2020/10/03/rocky-mountain-institute-study-shows-renewables-are-kicking-natural-gas-to-the-curb/

Can China go net-zero? Two charts show just how ambitious Xi Jinping’s goal is

 


Highlights

  • Chinese President Xi Jinping has announced that his country aims to reach peak carbon emissions before 2030 and become carbon-neutral by 2060
  • A newly released blueprint for the country’s energy transition was created by the Tsinghua University’s Institute of Energy, Environment, and Economy
  • To reach their carbon neutrality goals, there will be a projected 587% increase in solar energy generation between 2025 and 2060
  • Many are skeptical that China will reach their goals by 2060 as coal-fired electricity won’t be phased out until around 2050
  • Coal, oil, and natural gas would still be generating about 13 percent of the country’s energy in their new plan

Image from Grist

  • China would still emit 200 million tons of CO2, nearly 3% of the United States’ carbon emissions in 2018

Scientists are increasingly warning that to avoid catastrophic impacts from climate change, the world’s governments must implement massive reductions of warming emissions and begin a drawdown of greenhouse gases (GHG) from the atmosphere over the decade ahead.  For a safe and healthy future for all, endorse the Climate-Safe California Platform to implement scalable solutions that can reverse the climate crisis.


Read More: https://grist.org/climate/can-china-go-net-zero-two-charts-show-just-how-ambitious-xi-jinpings-goal-is/

Storebrand dumps oil and mining stocks on climate change lobbying

Chris Flood and Attracta Mooney, Financial Times


Highlights

  • Multibillion-dollar Nordic asset manager, Storebrand, has dropped ExxonMobile, Chevron, Southern Company, BASF, and Rio Tinto from its portfolio after these companies lobbyed against stricter environmental standards
  • Investors of oil companies and other industries that deal with fossil fuels are pushing these companies to lobby against climate-related standards
  • Jan Erik Saugestad, chief executive of Storebrand says the company will pressure others reliant on fossil fuels to change their behaviors (quote from Financial Times):

“BP, Shell, Equinor and other oil and gas producers cannot rest easy and continue with business as usual. We need to accelerate away from oil and gas. Renewable energy sources, like solar and wind power, are readily available alternatives…”

  • Storebrand has sold holdings worth about $17.9bn and divested from 22 more companies that have been slow to stop using coal in its operations

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.ft.com/content/00af52b7-381c-4a5d-91f1-3b3d4ce04256

New Mexico’s plan to shut down coal without leaving people behind

by Julian Spector, Greentech Media


Highlights

  • The Public Service Company of New Mexico plans to build 650 megawatts of solar power and 300 megawatts of battery capacity to divest its share of the San Juan coal plant in 2022
  • New Mexico Sen. Martin Heinrich advocates for solar and storage instead of any new gas facilities in New Mexico, and put emphasizes the importance of economically supporting the areas where coal plants will retire 
  • New Mexico has three coal plants and has allocated millions of dollars for the communities where these plants are and have established rate savings for customers as coal phases out
  • Sen. Heinrich notes that solar jobs don’t require as much full-time operational staff compared to traditional energy plants and says the solution needs to be broader than just the energy industry:

“Your economic development policy, it’s wise to diversify that, and not be reliant on any single economic driver for a community,”

  • A study from Energy Innovation shows that municipal and cooperative utilities could exit 22.5 gigawatts of coal power in favor of solar by 2025 while saving money for their customers

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. The Climate Center’s guiding principles in achieving our goals include striving to close the climate gap and ensuring a just transition for workers.


Read More: https://www.greentechmedia.com/articles/read/new-mexicos-plan-to-shut-down-coal-without-leaving-people-behind

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%, largely comprised of wind and solar
  • Natural gas consumption in the electric power sector has significantly increased in recent years and has displaced much of the electricity generation from retired coal plants
  • Since 2015, the growth in U.S. renewable energy is almost entirely attributable to the use of wind and solar in the electric power sector
  • In 2019, electricity generation from wind surpassed hydro for the first time and is now the most-used source of renewable energy for electricity generation in the United States on an annual basis
  • Coal is still being used within the US to generate electricity; 90% of coal used is in the electric power sector and the rest is in the industrial sector

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.eia.gov/todayinenergy/detail.php?id=43895