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Author Topic: The Big Picture of Renewable Energy Growth  (Read 36397 times)

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AGelbert

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Quote
🦉 mysteryowl (1,821 posts)

📢 🦕 Fracking banned 🕊 in UK as government makes major U-turn

Source: The Guardian

The government has banned fracking with immediate effect in a watershed moment for environmentalists and community activists.

Ministers also warned shale gas companies it would not support future fracking projects, in a crushing blow to companies that had been hoping to capitalise on one of the new frontiers of growth in the fossil fuel industry.

The decision draws a line under years of bitter opposition to the controversial extraction process in a major victory for green groups and local communities.

The decision was taken after a new scientific study warned it was not possible to rule out “unacceptable” consequences for those living near fracking sites.

[snip]

The decision has been welcomed as a “victory for common sense” by green groups and campaigners who have fought for almost a decade against the controversial fossil fuel extraction process.

Read more: https://www.theguardian.com/environment/2019/nov/02/fracking-banned-in-uk-as-government-makes-major-u-turn

This is HUGE!!

 
https://www.democraticunderground.com/10142389963
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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HQ of the European Investment Bank

Quote
With more than half a trillion dollars in outstanding loans, the EIB is the biggest multilateral financial institution in the world. Given the EIB’s market impact and influence over the lending strategies of investors, its decision could end up depriving polluting projects from other sources of financing as well. 👍

By Bloomberg News Editors | 11.15.19   

He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Trump Voters Driven by Fear of Losing Status, Not Economic Anxiety, Study Finds
nytimes.com - In her study, Dr. Mutz sought to answer two questions: Is there evidence to support the economic anxiety argument, and did the fear of losing social dominance drive some voters to Mr. Trump? To find …

Read more Doomstead Diner Daily 11/30/19

I see the NYT is going to repeat, repeat, repeat the scaremongering about "Trump supporters" (hidden message: Trump supporters = whites ;)) "losing status" until most Americans believe that society dividing and destroying propaganda, thereby enabling Trump's total FASCIST takeover of the USA. It just might work. I'm praying it won't.

Here's what a Sanders Presidency (with a supporting Congress) would bring to the USA, something the NYT flat refuses to repeat, repeat, repeat, which it should repeat, repeat, repeat, but won't because it would put the LIE to that "whites losing status" propaganda they plan to repeat, repeat, repeat until we are all convinced it's "okay" to support Trump's xenophobia and cruel, murderous racism:

https://thesolutionsproject.org/why-clean-energy/#/map/countries/location/USA

This web site has a 100% Renewable Energy Plan by 2050 for every country on Earth, plus plans for cities and US states. 
Check your state or city out if you have the chance.

https://thesolutionsproject.org/why-clean-energy/#/map/countries/
« Last Edit: November 30, 2019, 02:52:14 pm by AGelbert »
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Re: The Big Picture of Renewable Energy Growth
« Reply #408 on: December 09, 2019, 09:30:02 pm »
We're Blowing Past Carbon Emission Budgets (w/ Prof. Rob Jackson )
1,690 views•Dec 6, 2019


Thom Hartmann Program
200K subscribers

Carbon emissions need to decrease if we want to save the planet but they are going the other way!
 
🔴 Subscribe for more clips like this: https://www.youtube.com/user/thomhart...

How can we stop growing carbon emissions from exacerbating global warming and leading to a complete catastrophe on a global scale?

Professor Rob Jackson joined Thom.

⭐ Join our Membership and Support the Channel:  https://www.youtube.com/user/thomhart...
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Re: The Big Picture of Renewable Energy Growth
« Reply #409 on: December 15, 2019, 02:26:36 pm »
CleanTechnica
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December 15th, 2019 by Tina Casey   


He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Re: The Big Picture of Renewable Energy Growth
« Reply #411 on: December 28, 2019, 02:17:59 pm »
CleanTechnica
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How Would Warren & Sanders Pay For A 🌞 Green New Deal?

December 27th, 2019 by Carolyn Fortuna

In a recent CleanTechnica article, I wrote about Elizabeth Warren’s plan for defeating the climate crisis and transitioning the US economy to run on 100% clean energy. She stated explicitly that her plan to pay for a Green New Deal would require big, structural changes and would arise from $10.7 trillion in federal and non-federal funding. What are the financing tools Warren intends to tap to unlock state, local, and private investment? How would she direct it towards meaningful investments to mitigate climate change, produce jobs, and reduce inequality?


And what about other plans out there for a national switch to clean energy? What does Bernie Sanders, for example, outline for funding ideas? Let’s survey these prominent and provocative voices today in the clean energy movement and see their fiscal visions for carbon-free power and 100% renewable energy.


How Warren Would 💵 Pay for a US Switch to Clean Energy

The transition to clean energy is “an opportunity to transform our economy, creating new industries, like in zero-emissions building construction, and greatly expanding others, like electric vehicle manufacturing,” Warren says. She argues that the transition creates “huge opportunities” for state, local and non-federal investment in the process.

A Warren administration would create new financing tools to unlock state, local, and private investment. She is firm that these investments to tackle climate change, produce jobs, and reduce inequality will flow to the “right places” — not just the wealthy and well-connected.

Okay, Senator Warren, how would you pay for it?

A Green Bank: A Green Bank, aka the National Climate Bank Act, could mobilize $1 trillion in climate and green infrastructure investments across the country over 30 years. She says it would:
open up new markets for greater investment by working alongside existing federal authorities through direct spending, grants, and loans
provide security for investors looking for climate-friendly investments in mid- to large-scale infrastructure projects
increase the overall scale of clean energy investment and the pace of substitution of clean energy technologies for fossil-fuel based technologies
protect consumers by keeping energy prices low and ensuring compliance with the Consumer Financial Protection Bureau’s regulations
expand opportunities for communities and the private sector by directing funds toward communities on the front lines of the climate crisis that have traditionally been left out of investment opportunities

A September report from the New York-based Coalition for Green Capital found that such a bank could mobilize up to $1 trillion of investment over 30 years. The bank would recycle its capital, lending the same dollars repeatedly as loans are paid back and the funds re-used.

Fourteen states, including Michigan, New York, and Hawaii already have such banks, and other cities and counties have explored their own. Washington, DC, for example, approved one in 2018 and Baltimore’s Climate Access Fund seeks to help low-income and minority residents access more expensive solar energy. Small focus target investment on a local basis, and the national version would help mobilize investment on a required and faster scale.

Green Victory Bonds: Much like current state programs for land use projects, river and habitat preservation, and energy and water infrastructure, green bonds have also surged in popularity worldwide, with sales growing 46% last year to a total of about $460 billion. A lot like the World War II-era “Victory Bond” program, Green Victory Bonds would be sold at levels that allow Americans across the socioeconomic spectrum the opportunity to “own a piece of the climate solution and to benefit from the new green economy that we build together.”

Sanders on How to 💵 Pay for a Green New Deal

Embedded in many of Senator Bernie Sanders’ proposals for attacking the climate crisis are financing plans. Here are some of his fiscal visions that would usher in a Green New Deal.

Green Climate Fund: Sanders’ plan to halt the climate crisis centers on US investment of $200 billion in the Green Climate Fund (GCF) for the equitable transfer of renewable technologies, climate adaptation, and assistance in adopting sustainable energies. Since approving its first project in November, 2015, the GCF has grown to become the world’s largest climate finance fund through its readiness in 129 countries, including allocation of over $5.6 billion of its funding to build a project portfolio of over $20.6 billion. It is playing a key role in supporting the implementation of intended nationally determined contributions (NDCs), driving a shift to lower greenhouse gas emissions, and supporting action to adapt to the impacts of climate change in developing countries.

Significant US Military Reductions: While Warren’s plan alludes to decreasing military funding in order to pay for a Green New Deal — “We’ll pay for this with savings from my plan to transition the 🦍 military away from its dependence on 🦕🦖 fossil fuels and other internal 🦍 Department of Defense funding shifts, she says” —  Sanders is much more explicit about redirecting military funds to mitigating the climate crisis.


He says that the major industrialized nations spend trillions of dollars “on misguided wars and weapons of mass destruction,” He proposes to combat the climate crisis by recognizing that the Pentagon is the largest institutional emitter of greenhouse gases in the world and that the US spends $81 billion annually to protect oil supplies and transport routes. “We are uniquely positioned,” Sanders explains, “to lead the planet in a wholesale shift away from militarism.”



End Overseas 🦕👹🦖 Fossil Fuel Financing: The US federal government currently supports investments in fossil fuels through the World Bank, the International Monetary Fund, OPIC, the Export-Import Bank, and other multilateral institutions. These international investments are inconsistent with a goal to curb the global climate crisis, and Sanders says these “must end.” His administration would lead these international financial institutions, instead, toward advancing the equitable adoption of sustainable energy across the planet.

“Butterfly amidst Blooms,” by Carolyn Fortuna, CleanTechnica

By redirecting money from these and other sources like income taxes from 20 million new jobs, taxes on fossil fuels, and selling power via federal power marketing authorities, 🦅 Sanders will establish a Climate Justice Resiliency Fund. Funded at $40 billion, the EPA, together with a number of other agencies, would conduct a nationwide survey to identify areas with high climate impact vulnerabilities and other socioeconomic factors, public health challenges, and environmental hazards. Each community will then be eligible for Climate Justice Resiliency funding in order of most vulnerable to least vulnerable.


Final Thoughts

The US is not alone in its quest to use financing to make the switch to clean energy a reality. A recent article in the Washington Post pointed out that the EU’s biggest climate weapon lies in the financial fine print. The EU is embedding environmental goals in standards for banks, money managers, and insurers, it seems, in the hope of directing trillions of euros to fund a radical revision of the region’s economy. Like most of the US Democratic field of candidates, the EU is committed to meeting the targets of the Paris Agreement. Some of the EU’s money management strategies are pointing toward:

֍ Disclosing how they incorporate sustainability factors into investment decisions
֍ Setting up low-carbon benchmarks, like indexes created to track companies with a low carbon footprint, to steer funds to environmentally friendly investments
֍ Lowering capital requirements to encourage green lending
֍ Scrutinizing the environmental risks that remain on balance sheets and possibly imposing extra capital demands to offset possible losses
֍ Assessing environmental risks facing borrowers before they lend

So there’s a lot about which to think when considering the funding necessary for climate action. In the next part of this series, we’ll look at the other Democratic presidential contenders — as well as a few insightful researchers and economists  — and review their plans to fund climate action. Stay tuned.

https://cleantechnica.com/2019/12/27/how-would-warren-sanders-pay-for-a-green-new-deal/

Agelbert NOTE: I trust Sanders, a consistent advocate of reducing military spending, eliminating fossil fuel subsides and funding Renewable Energy in the USA, to follow through on his Green New Deal promises far more than I trust Warren.
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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Re: The Big Picture of Renewable Energy Growth
« Reply #412 on: January 05, 2020, 03:41:02 pm »
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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January 22, 2020

U.S. renewable investment hits record high, Rhode Island commits to 100% clean power, Subaru will only sell EVs by 2030s, and more

January 22, 2020: Renewable energy investment in the U.S. hit a record high of $55.5 billion last year. Rhode Island Governor Gina Raimondo signed an executive order committing the state to 100 percent renewable energy by 2030. Subaru will only sell electric vehicles by the mid 2030s and Kia will release 11 new electric vehicle models by 2025. Arizona’s largest utility, Arizona Public Service, committed to provide 100 percent carbon-free power by 2050.

QUOTE OF THE WEEK
Quote
"“It’s notable that in the third year of the Trump presidency, which has not been particularly supportive of renewables, U.S. clean energy investment set a new record by a country mile,” said Ethan Zindler, head of Americas for Bloomberg New Energy Finance."

Renewable energy investment in the U.S. hit a record $55.5 billion last year, second only to China, despite the Trump administration’s lack of support for clean energy. Part of the surge was driven by solar and wind companies scrambling to take advantage of federal tax credits before they started scaling back in the new year. Major offshore wind investments also boosted renewable capacity, which grew 13 percent globally in 2019. Worldwide, $282.2 billion was invested in renewable energy last year, but this figure remains below its 2017 peak of $315 billion. (Bloomberg)


Governor of Rhode Island Gina Raimondo signed an executive order committing the state to get all of its electricity from renewable energy by 2030 in order to fight climate change. The state plans to add energy storage projects, increase solar and wind power, and improve overall energy efficiency to meet the goal. Several other states have also set targets for 100 percent clean energy, including Hawaii, California, New Mexico, Maine, New York, Washington and Virginia. Rhode Island is ultimately aiming to reduce greenhouse gas emissions 80 percent below 1990 levels by 2050. (New York Times $)


Democratic presidential hopeful Michael Bloomberg released details of a climate plan that would require all buildings to be zero-carbon by 2025. As part of his goal to cut U.S. emissions in half by 2030, the plan would swap out fossil-fuel use in homes, including natural gas for heating and cooking, by switching to zero-carbon appliances and furnaces. The plan calls for providing financial assistance -- including tax credits, low-interest loans, and block grants -- for clean energy and energy efficiency measures. Bloomberg also unveiled another portion of his climate plan that would require all new vehicle sales in the country to be electric by 2035. (Washington Post, The Hill)


Tri-State Generation & Transmission, which includes 43 cooperative members, released its plan to generate 50 percent of its power from renewable energy by 2024. It calls for closing all of the coal plants operated by the cooperative, and includes details for eight new solar and wind projects that will help Tri-State reach over 2,000 megawatts of renewable energy capacity on its system. The plan comes amid pressure from its member co-ops, including those in New Mexico and Colorado, to transition to cleaner sources of energy. Tri-State also included details for electric vehicle charging station expansion, energy efficiency and demand-side management. (Utility Dive)
 

Subaru announced it will only sell electric vehicles by 2035, while Kia released plans for 11 electric vehicle models by 2025. The automaker recently strengthened ties with Toyota, following a global trend of automakers forging partnerships to cut the cost of producing new vehicle tech. Alongside Toyota, Subaru is developing a battery electric vehicle along with a “strong hybrid” that will debut later this decade. By 2030, the automaker plans for at least 40 percent of global sales to be battery electric or hybrid vehicles. Separately, Kia is planning for electric vehicles to account for 20 percent of sales in key regions by 2025, and wants to reach 500,000 annual electric vehicle sales by 2026. (Electrek)

 
Arizona’s largest utility, Arizona Public Service, pledged to reach 100 percent carbon-free power by 2050. By 2030, the utility plans to reach 65 percent carbon-free power, with 45 percent coming from renewable energy -- leaving room for other sources of zero-carbon power. The utility also pledged to move completely off coal by 2031. It plans to replace natural gas with “dispatchable capacity”, although the utility is not yet clear on the exact pathway to carbon-free power. Arizona Public Service has been a leader in pairing solar generation with battery storage, and envisions growing market demand for more technologies that can help make the transition to carbon-free energy. (Greentech Media)

https://climatenexus.org/
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AGelbert

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Quote
“It seems that every part of the world can now find a system that edges 🦕 fossil fuels out in costs”


Renewable Energy Could Power The World By 2050  

By Paul Brown, Climatenewsnetwork.net

February 21, 2020 | CREATE!

London − Virtually all the world’s demand for electricity to run transport and to heat and cool homes and offices, as well as to provide the power demanded by industry, could be met by renewable energy by mid-century. This is the consensus of 47 peer-reviewed research papers from 13 independent groups with a total of 91 authors that have been brought together by Stanford University in California.  -more-


He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

AGelbert

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✨ Germany marks first ever quarter with more than 50 pct renewable electricity
#Climate & CO2    #Renewables

01 Apr 2020, 15:11 Rachel Waldholz

Germany produced more than half of its electricity with renewable power in the first three months of 2020, the first full quarter in which renewables covered the majority of the country’s electricity needs. The numbers were driven by record wind and high solar production in February and March and a dip in overall energy use tied to the coronavirus pandemic. Combined with high renewable power generation in 2019, the numbers put Germany on track to meet its 2020 green energy targets, despite an overall slowdown in the renewable energy expansion.


Read more:
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AGelbert

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And So It Begins: World’s 11th-Biggest Economy Pitches Renewable Energy For COVID-19 Recovery

April 5th, 2020 by Tina Casey

The COVID-19 outbreak has provided one last opportunity for fossil fuel stakeholders to beat back the renewable energy revolution. One especially interesting example is the notorious Keystone XL tar sands oil pipeline. The once-dormant project suddenly sprang into action last week, while protesters have been sidelined by the virus.


That may be so, but the window for fossil fuels is already narrowing and it’s about to slam shut . Key US states are already taking action to accelerate their renewable energy plans, virus or no virus.

World’s 11th-Largest Economy Hearts 🌞 Renewable Energy

One key state is New York State, which by some measures would be the world’s 11th-largest economy if it was an independent country. On Friday, April 3, New York announced the passage of enabling legislation for its new clean power plans. If that date rings a bell, April 3 is the same day that seven top 🦖 oil and 🦕 gas 😈 executives went to the White House to discuss the plight of their industry.

If that’s not a clapback, nothing is.

Along with the now-familiar goal of creating jobs and fighting climate change, the new clean power plan makes the connection between renewable energy and economic recovery from the COVID-19 crisis.

To that end, the so-named Accelerated Renewable Energy Growth and Community Benefit Act creates the nation’s first ever “Office of Renewable Energy Siting.” The idea is that more private sector investment will be attracted more quickly, by tailoring the state’s approval process to fit renewable energy projects. The legislation also provides for reducing financial risk, helping to attract more private sector dollars that might otherwise go elsewhere.

In addition, the legislation takes grid planning and transmission into account.

Renewable energy developers anticipating a willy-nilly land rush may want to hold their horses, however. The new legislation provides for environmental oversight and community benefits. It also incentivizes renewable energy projects that repurpose abandoned commercial sites, brownfields, landfills, former industrial sites, and other abandoned or underused sites.


Walking The Climate Walk & Chewing The COVID-19 Gum

In announcing the new  plan, New York seems determined to prove that it can walk and chew gum at the same time — in other words, that the public health crisis is not an opportunity to move backwards on climate action.

“We continue to act aggressively to protect the environment and our communities through our ongoing programs to reduce the greenhouse gas emissions that contribute to climate change,” said New York State Environmental Commissioner Basil Seggos, even as the state continues an all-hands-on-deck effort to stop the spread of COVID-19.

A Renewable Energy Model For Other States To Follow

Don’t be surprised if other states embark on a similar plan to speed up renewable energy development.

The problem is that conventional siting and permitting processes are primarily designed for large, centralized fossil fuel power plants (hydropower being a key exception). Today’s wind and solar industries, in contrast, are characterized by a wide range of outputs, applications, and siting opportunities.

The pump is already primed for the idea to spread. New York is on the advisory board of the newly launched 100% Clean Energy Collaboration, a state-based effort that includes California as well as New York and other clean power leaders. The new initiative was announced by the Clean Energy States Alliance on, you guessed it, April 3.

New York was also previously tapped by the US Department of Energy to lead a national consortium to accelerate wind energy development, so there’s that.

Speaking of the Energy Department and wind energy, New York and CESA were not the only ones trolling the oil and gas industry last week. The Energy Department also did its part, with not one but two separate press releases announcing new wind energy initiatives.

As for the Keystone XL pipeline, developer TC Energy (aka TransCanada) seems to have bitten off more than it can chew.

The company seemed on the verge of restarting construction last week, only to push the date back to the middle of April.

For that effort, all they got was this lousy downgrade from Moody’s, which cited significant “environmental, social and governance” issues that could bleed over from the Keystone XL project to impact the company’s financial stability as a whole.

Moody’s sour outlook is not an outlier. Leading global investors began dumping fossil fuel stocks before the COVID-19 outbreak and the hurt isn’t over yet.

If Keystone XL is the canary in the fossil fuel coal mine, it ain’t over until it’s over. But come on, it’s over.

https://cleantechnica.com/2020/04/05/and-so-it-begins-worlds-11th-biggest-economy-pitches-renewable-energy-for-covid-19-recovery/

About the Author

Tina Casey specializes in military and corporate sustainability, advanced technology, emerging materials, biofuels, and water and wastewater issues. Tina’s articles are reposted frequently on Reuters, Scientific American, and many other sites. Views expressed are her own. Follow her on Twitter @TinaMCasey and Google+.

He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

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Covid-19 Lockdown: India Moves To Ensure Renewable Projects Remain Unaffected
As India struggles with the Covid-19 outbreak and the resulting 21-day lockdown, the government has taken measures to insulate the renewable energy sector as much as possible
https://cleantechnica.com/2020/04/12/covid-19-lockdown-india-moves-to-ensure-renewable-projects-remain-unaffected/
He that loveth father or mother more than me is not worthy of me: and he that loveth son or daughter more than me is not worthy of me. Matt 10:37

 

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