Oil refiners and gas producers could face higher production costs if countries use a high carbon price to follow through promises made at last year’s global climate summit in Paris, research showed on Thursday. The landmark Paris Agreement was a commitment by nearly 200 countries to cut greenhouse gas emissions from 2020 with the aim of limiting the rise in the global average temperature to less than 2 degrees Celsius.
problem solvers, experts said yesterday. Currently, more than 3.5 billion people live in cities, according to the World Bank. That number is expected to reach 5 billion by 2030, with two-thirds of the global population living in cities.
In 1968, John H. Dales, an obscure Canadian economics professor, came back from a sabbatical determined to end what he felt was an endless and meaningless drama between environmental groups and industry over the problem of pollution. Industries fielded experts who would argue their emissions were necessary for jobs and profits. They reeled off statistics to prove they did little harm to the environment. That was the cue for environmental groups to react with outrage. Some, according to Dales, had become accustomed to simply accusing big business of being evil.
Across the country, large corporations, utilities, and ordinary folks have embraced clean energy – and for very good reasons; but there is still not a lot of love for the transmission needed to bring renewables to the grid. The United States has a long history of building energy infrastructure to better serve our energy needs.
The Bureau of Land Management is advancing a major multistate transmission line project that the Obama administration considers a top priority in its ongoing efforts to develop wind and solar power in the West. BLM announced yesterday it has completed a final environmental impact statement (EIS) for the 416-mile-long Gateway South Transmission Line Project, which is proposed by PacifiCorp’s Rocky Mountain Power and has been under federal review since 2008.
Fresh government support and growing interest from the utility industry is building expectations that wind power will thrive in the U.S. in coming years. Among the latest such assessments is a new report from Fitch Ratings, which sees the industry steadily expanding its share of the nation’s electricity market. “We see this environment remaining very positive for wind power for the next three to four years,” said Maude Tremblay, director of corporate finance at Fitch, an author of the report.
Dong Energy, the Danish utility and the world’s largest offshore wind energy operator, said on Thursday that it planned to list its shares in an initial public offering in Copenhagen. The company first announced plans to pursue an I.P.O. in September after a review.
The clean energy transition is well underway in the United States, but strong policies are needed to keep the momentum going. Today the Union of Concerned Scientists is releasing a new analysis showing how two federal measures—the recently extended wind and solar tax credits and the Clean Power Plan—can work together to provide a powerful and affordable boost for clean energy while helping to cut power sector carbon emissions. What’s more, our analysis finds these policies can also deliver significant economic and health benefits to consumers nationwide.
New Mexico became the seventeenth state in the U.S. in December to surpass the 1,000-megawatt mark for installed wind energy capacity, following the startup of a 250-megawatt wind farm in Roosevelt County. New Mexico is now generating 1,112 MW of electricity from a dozen utility-scale wind installations, or enough electricity to power 190,000 homes every year, according to a recent report from the American Wind Energy Association.
A key Republican last night said the House is unlikely to name conferees to reconcile the competing energy bills this week, thereby punting on a development that was expected and stalling progress on the legislation. Before the recess, members and aides said conferees could be named as early as this week, but House Energy and Commerce Chairman Fred Upton (R-Mich.) yesterday said the lower chamber is still mapping out its strategy