As coal-fired power plants go offline under U.S. EPA’s Clean Power Plan, building new power lines to bring renewable energy to customers could spur $1.5 billion to $2.5 billion in investment over the next five years, according to an analysis by the consulting group ICF International.
President Obama is set to sign an executive order today directing federal agencies to cut the carbon intensity of their operations, a White House official said last night. The federal carbon commitment will be released together with new emissions reduction pledges from “several major federal suppliers,” the official added. Details of the action will be released this morning, and White House adviser Brian Deese is scheduled to brief reporters.
President Obama’s Harvard Law School mentor delivered a stinging indictment of the president’s flagship climate change rule this morning, telling a packed House hearing that the Clean Power Plan violates both the Clean Air Act and the Constitution. Laurence Tribe, a noted constitutional scholar, told an Energy and Commerce subcommittee that EPA’s proposal for carbon dioxide from existing power plants seeks to remake both the 1990 Clean Air Act amendments and the constitutional division of powers between state and federal governments.
Two Republican-appointed judges and one chosen by President Obama will hear the first challenges to his administration’s proposed greenhouse gas standards for existing power plants next month. The U.S. Court of Appeals for the District of Columbia Circuit this morning posted the three-judge panel for the lawsuits from Murray Energy Co. and more than a dozen states seeking to block U.S. EPA from finalizing the high-profile regulations this summer.
Over the last year, however, the prophet of doom has become much more a prophet of possibility — even, perhaps, an optimist. Still an object of derision for the political right, Mr. Gore has seen support for his views rising within the business community: Investment in renewable energy sources like wind and solar is skyrocketing as their costs plummet. He has slides for that, too. Experts predicted in 2000 that wind generated power worldwide would reach 30 gigawatts; by 2010, it was 200 gigawatts, and by last year it reached nearly 370, or more than 12 times higher. Installations of solar power would add one new gigawatt per year by 2010, predictions in 2002 stated. It turned out to be 17 times that by 2010 and 48 times that amount last year.
After three years of policy battles that left it bruised and cut off from taxpayer support, the U.S wind energy sector received a strong boost last week as the Energy Department reiterated its view that wind energy can become a leading source of U.S. domestic power over the next 35 years. The relief came in the form of DOE’s latest prognosis for wind energy, called “Wind Vision,” which holds that U.S. turbines could meet 35 percent of the nation’s electricity demand by 2050, with near-term goals of 10 percent by 2020 and 20 percent by 2030.
The art of letter writing isn’t dead, at least if you’re a member of Congress concerned about the Clean Power Plan. Capitol Hill spent much of the winter writing to U.S. EPA, supporting or opposing its marquee proposal to curb power-sector carbon dioxide emissions, according to records kept by the agency and obtained through a Freedom of Information Act request.
The world’s energy-related carbon dioxide emissions stopped rising in 2014, even as the economy grew, according to early data released by the International Energy Agency (IEA). Researchers said the early numbers showing that CO2 emissions remained steady at 32.3 billion metric tons in 2014 — marking the first time in 40 years that a dip in energy-sector emissions has not been linked to an economic downturn — were encouraging. Others, though, cautioned that it remains unclear if the figures represent a trend or a one-off situation.
When businesses are able to invest in high-growth markets, it almost always means job creation, too. One of the most overlooked aspects of policies like the PTC and ITC, is that they spur investment and job creation in places that need it most; locales like the Rust Belt and our Great Plains benefit greatly for instance. Before renewable energy tax policy was passed, a negligible number of Americans worked in the renewable industry. But since their passage the number of American workers in the clean power sector has swelled to well over half a million.
Kansas companies that produce energy from wind, solar or other renewable resources would lose their property tax exemption under a bill discussed by a Senate panel Monday. Such companies have been exempt from property tax since 1999. A bill discussed by the Senate Assessment and Taxation Committee would instead give those companies a 10-year exemption starting with the launch date of each project.