The green energy industry is obviously delighted about Joe Biden’s US presidential win. Biden wants to rejoin the Paris Accord, rapidly accelerate green energy, and create millions of green energy jobs. Here’s what five CEOs had to say about the president-elect.
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Wind and solar capacity will double over the next five years globally and surge past both gas and coal, according to a new International Energy Agency (IEA) report published today, “Renewables 2020,” which is an analysis and forecast to 2025.
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Independent think tank RethinkX, which “analyzes and forecasts the speed and scale of technology-driven disruption,” has released a report that says that most of the world is technologically capable of achieving 100% wind, solar, and storage electricity grids in 10 years.
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British prime minister Boris Johnson declared today at the Conservative Party conference that the UK would become “the world leader in clean wind energy.” He committed £160 million ($207 million) to upgrade ports and factories in northern England, Scotland, and Wales in order to build wind turbines.
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BP stated in a forecast published today that oil may have reached its peak due to the pandemic and that renewables will take the place of fossil fuels.
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Green energy, which includes wind, solar, hydro, and bioenergy, has generated 40% of European Union electricity for the first time in 2020, compared to fossil fuels generating 34%, independent think-tank Ember said in a half-yearly report.
The UK’s National Grid and Denmark’s Energinet has begun work on the world’s longest subsea power cable. The €2 billion Viking Link project, a 475-mile-long (765 km) cable, is being built in Lincolnshire. It will run between the UK and Denmark in order to share green energy between the two countries.
The Department of the Interior under the Trump administration approved around half as many wind and solar projects on federal land as the Obama administration had at the same point in its first term, according to a report published yesterday by the Center for American Progress (CAP).
Danish green energy giant Ørsted CEO Henrik Poulsen has resigned after an eight-year tenure. Ørsted is now the world’s biggest offshore wind developer. It recently installed its 1,500th offshore wind turbine, in announced on June 11.
What do you think of when you think of Houston and energy? Oil and gas, probably. But did you know that Houston buys more green energy than any other city in the US?
The Sierra Club has released a green recovery report that asserts that 9 million US jobs could be created every year for the next 10 years “while building an economy that fosters cleaner air and water, higher wages, healthier communities, greater equity, and a more stable climate.”
Swedish engineering and industrial design company Modvion has erected the first wooden wind turbine tower on an island outside Gothenburg, Sweden. It was a pilot project for the Swedish Wind Technology Centre and will be used for research purposes.
Top US and British economists, including Nobel laureate Joseph Stiglitz and Grantham Research Institute on Climate Change and the Environment chairman Lord Nicholas Stern, published a working paper on Tuesday that asserts that the most effective coronavirus stimulus packages will also focus on reducing carbon emissions.
David Byrne (yes, that David Byrne, of the band Talking Heads) runs an online publication called Reasons to be Cheerful. Yesterday, Byrne published a feature that he authored that explores “how a conservative, oil-pumping state became one of the world’s biggest generators of wind power.” And that state is Texas.
The US Senate has unanimously passed the $2 trillion stimulus package in response to the coronavirus pandemic. It’s the largest emergency aid package in US history. And the green energy sector didn’t get anything, as expected… but neither did Big Oil.
Coal developers risk wasting nearly $640 billion because it’s already cheaper to generate electricity from green energy than from new coal plants in all major markets, Carbon Tracker Initiative reported yesterday.
In today’s Electrek Green Energy Brief (EGEB):
Texas likes to do things big. The Lone Star State leads the US with the most energy generated by wind power, and now it’s ramping up solar, which is projected to be the fastest-growing contributor to the state’s power grid in the next three years.
In today’s Electrek Green Energy Brief (EGEB):
In today’s Electrek Green Energy Brief (EGEB):
The UK’s National Grid reports that green energy became the largest power source in the country in 2019. Last year was the UK’s cleanest energy year on record.
Denmark sourced 47% of its power from wind in 2019, setting a new wind energy record for the country. That’s up from 41% in 2018 and 43% in 2017.
In today’s Electrek Green Energy Brief (EGEB):
The Big 7 multilateral development banks (MDBs) are dropping the ball when it comes to financing green energy. A new report, called “Small Steps Are Not Enough,” from Christian Aid’s Big Shift Global, ranks the MDBs on their efforts to move finance from fossil fuels to green energy.