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The world’s biggest fossilfuel companies recently released their 2022 earnings reports, revealing record-breaking profits last year; just five companies–ExxonMobil, Shell, BP, Chevron, and TotalEnergies–reported a total of nearly $200 billion in profits. billion, respectively, during 2022. billion and $35.5
Yet, driven by vested interests in the fossilfuel industry , misleading narratives aim to distort and hinder meaningful climate commitments. Fossilfuels are the problem It’s pretty simple: the burning of fossilfuels is the main driver of climate change. billion tons of the 40.5
According to the latest EIA data, wind power, the leading source of US renewable electricity, may have supplied 7% more generation in 2024 than in 2023, and accounted for almost 11% of the countrys total electricity. It added up to 24% of total electricity generation in 2024, compared with 23% in 2023. One of 2024s new crop.
Solar, wind, electric vehicles, and other clean energy technologies saw a record-high $1.1 trillion in investment globally last year, matching investment in fossilfuels for the first time ever, according to a new report from Bloomberg New Energy Finance. Read more on E360 →
This new generating capacity, coupled with more transmission capacity, will enable us to share far more electricity between regions during extreme weather events. Note: Grid operators implement rolling blackouts, or firm load shedding, when electricity demand exceeds available supply. Although much shorter than the 4.5
Fossilfuel power plant owners are facing increased accountability for their air and water pollution, including from a new round of environmental and public health protections that are being rolled out by the US Environmental Protection Agency (EPA). We’ve heard these lazily disingenuous narratives before.
Replacing gasoline with electricity greatly reduces the carbon emissions from driving. Based on where electric vehicles (EVs) have been sold, driving the average EV in the US produces global warming emissions equal to a hypothetical 94 mile per gallon gasoline car, or less than a third of the emissions of the average new gasoline car.
In extreme weather, when electricity demand is at its highest and the grid needs gas plants the most, gas plants have been failing at alarming rates. Gas plants failed at a scale that jeopardized grid reliability for large regions of the United States during severe winter storms in 2011 , 2014 , 2018 , 2021 , and 2022.
Utilities and grid operators prepared for the storm as it was coming down the pike, but they still underestimated the energy demand it would trigger, as well as the number of outages at fossilfuel power plants—mainly natural gas-fired, plus some coal-fired plants.
Yet some pro-sprawl interests question whether this is necessary, given the advent of electric vehicles. Clean electricity generation still has a carbon cost. Even if we move to 100% electric vehicles, that energy has to come from somewhere. Electric vehicles come with their own carbon footprint and pollution costs.
As the adoption of electric cars, trucks, and buses gains momentum, many people are wondering if the electric grid is up to the task of charging all of those vehicles. And will the grid be able to handle all of the electric vehicles we will have as we progress toward a highly-electrified transportation future, by say 2040 or 2050?
With the clean energy transition already under way, the US electricity mix is set to continue changing this year. Solar power is expected to make up about half of all additions of US electric generating capacity in 2023, according to data from the US Energy Information Administration (EIA). I’ll start off with the good.
Last week, Minnesota Governor Tim Walz signed into law a standard that will make the North Star State’s electricity 100 percent carbon-free by 2040. What’s next? Minnesota’s legislative session runs until late May.
Climate Alliance (USCA) can meet all of their electricity needs with renewable energy—while decarbonizing other sectors of the economy and ensuring equitable benefits to all communities. And we’re already seeing the prominent role that renewables are starting to play in our electricity mix. by 2035 is needed.
Since the beginning of 2022, electric vehicle sales in the United States have been downright electrifying. Last year, US drivers bought more than 800,000 new electric vehicles (EVs), 65 percent more than in 2021, even as overall car sales declined. billion to help California drivers switch from gasoline to electricity.
Now it’s on to the state Senate, where the question is: Will this be the year Minnesota sets a path toward 100-percent carbon-free electricity? From a countrywide perspective, the National Renewable Energy Laboratory (NREL) released a study in August 2022 identifying multiple pathways to a net-zero power grid by 2035.
Electric transportation is essential for a cleaner and healthier world. Replacing gasoline vehicles with electric can reduce emissions that cause climate change and illnesses. Researchers like me are putting a microscope to the electric vehicles (EVs) because, as with any extraction and manufacturing, there are associated impacts.
There’s good news in the recently released official data on electricity generation in the United States in 2022: renewable energy has continued to grow, coal power has continued to drop, and renewables are now firmly ahead of coal for the first time ever. percent of the country’s electricity supply (up 1.1 It supplied 10.5
The legislation committed nearly $400 billion to support, among other things, wind and solar power, battery storage, electric vehicles, and other clean energy technologies that will make a significant dent in US heat-trapping emissions. It also will save US consumers money because they will spend less on fossilfuels.
The Year in Water, 2022. Sharpening the Shark’s Teeth By Brett Walton, Circle of Blue – December 13, 2022. The strength of the shark’s teeth and the breadth of the bite were on full display in 2022. Though vivid, the shark metaphor is an inadequate frame for some of 2022’s defining water stories. Brett Walton.
As one example of these rising costs, Californians’ electricity bills have been skyrocketing over the past few years. And we know that as our climate warms further—driven by burning fossilfuels—the risk of large wildfires will only grow. There are many more capital costs likely coming.
Germany is expected to increase its fossilfuel consumption for electricity generation in 2022, if its weather conditions and electricity demand are similar to 2021, a new analysis from Environmental Progress finds. With its 2021 and 2022electricity generation profile, Germany would have missed its targets.
In India and Pakistan, recent heat waves, worsened by a changing climate, are causing dangerous water and electricity shortages. Despite the heat, Pakistan residents continue to endure daily electricity cuts, losing about nine hours of electricity each day. I’m Eileen Wray-McCann.
For decades, hydroelectric dams in the Colorado River Storage Project supplied cheap power and a relatively steady revenue stream from electricity sales. Lake Powell is the country’s second largest reservoir and a lynchpin in the intermountain electric grid. Today, the cash registers are ringing at much lower decibels.
The Inflation Reduction Act (IRA) included a major—forthcoming—refresh for one of the biggest policy drivers of the nation’s clean energy transition to date: tax credits subsidizing the deployment of clean electricity resources. the GHGs emitted into the atmosphere by a facility in the production of electricity—is not greater than zero.
As electric vehicle charging stations sprout like mushrooms along our roads and clusters of new wind turbines come online, these two clean energy solutions to the climate crisis are becoming more commonplace. But beyond more electric cars and solar panels, what can everyday people do?
But it also includes deals with lesser-known utility companies that generate electricity predominantly from fossilfuel-burning power plants and that sell fossil gas directly to consumers. This includes sponsorship deals with oil and gas companies—big names you would recognize from highway off-ramps. Impact Community.”
Fossil gas power plants currently provide the largest source of electricity generation and capacity in the United States. However, as we replace fossilfuels with clean electricity for heating and transportation to meet our climate goals, these peak demands will increasingly shift to the winter in many parts of the country.
The next day, Wednesday, August 14, Puerto Rico woke up with 728,000 clients (almost half) without electricity, thousands without drinking water (because many communities rely on electricity to pump water), and flood warnings throughout the island. What awaits Puerto Rico with Genera in charge of electricity generation?
Rising prices of methane gas used for power and heating, exacerbated by Russia’s invasion of Ukraine, are contributing to soaring electric and heating bills across the country. And such action cannot be influenced by fossilfuel interests and their policy proposals that we are seeing in Congress. How Did We Get Here?
The Department of Energy estimates the cost of an electric vehicle lithium-ion battery pack declined 89% between 2008 and 2022. Different batteries may be ideal in settings where charging speed is not a factor, such as utility-scale electricity storage. Prices for battery storage have declined even more sharply.
New research from the International Renewable Energy Agency (IRENA) confirms renewables are continuing to outpace fossilfuels on cost. They found that the share of renewable energy that achieved lower costs than the most competitive fossilfuel option doubled in 2020. With record-low auction prices of $1.1
The first efforts to use of wind to generate electricity was 134 years ago, and the photoelectric effect was discovered six decades earlier. But the scientific and technological advances that made these technologies competitive with fossilfuels are much more recent. La Cour builds windmill in Denmark to generate electricity.
They just released their 2022 “Annual Energy Outlook” (AEO), which is a big deal: it tells us where electricity is headed over the next 30 years. Here are five key takeaways from this year’s AEO, focused primarily on the electricity sector: 1. Source: US Energy Information Administration, Annual Energy Outlook 2022 (AEO2022).
At any point in the summer, extreme heat could trigger electricity supply shortages and rotating power outages. In reality, a big heat wave could lead to electricity supply shortages and rotating power outages during any summer month, but September is when it’s most likely. How well has California’s grid been performing this summer?
The destruction we see today is a direct result of decades of dependence on fossilfuels, enabled by decades of deception and obstruction on the part of the fossilfuel industry, and prolonged by decades of inaction on the part of policymakers who have been in their thrall.
Gas, which now generates 40 percent of US electricity, is considered by some to be critical to maintain grid reliability. percent higher than the number of wealthier residents, according to a 2022 UCS study. EN: What needs to be done to make the electric grid more equitable—and reliable?
Yet, in 2022, almost 40% of electricity in the US was generated by power plants fueled by natural gas. Note: “Natural gas” is an industry misnomer; UCS considers methane, fossil gas, and gas to be much more appropriate terms. States remain widely varied on their reliance on gas for electricity.
A two-bill package has been introduced in the House and Senate to establish new incentives for the use of fossil-fueled vehicles-- rebranded as “low emission transportation fuels”-- and eliminating rebates and grants for hybrid and electric vehicles. Posted: October 7, 2022] PA Environment Digest
In New England, the percent of people of color living near fossilfuel power plants is up to 23.5 Even as some parts of the country transition away from fossilfuel infrastructure, the retirement of gas plants has become another driver of inequity.
That’s a really good thing given the central role we expect and need solar to play in a just transition away from fossilfuels. Last year, solar accounted for almost 5 percent of US electricity. The solar energy sector is big and getting bigger. Back then, my focus was on small (really small) systems, measured in tens of watts.
By Brett Walton, Circle of Blue – June 6, 2022. Besides the kilowatt-hours it generates, Glen Canyon provides key services to the electric grid. The country’s second largest reservoir and a lynchpin in the intermountain electric grid, Powell is more dirt than water these days. Currently the lake is at 3,534 feet.
The Advanced Clean Fleets (ACF) rule, which I’ve blogged about in detail before, will phase out fossil-fueled trucks over the next several decades. The current draft of the ACF rule was released in late March and made several changes to the version that the California Air Resources Board (CARB) heard back in October 2022.
As a result, when today’s fossilfuel end uses can be directly electrified via renewables instead, such as for heating in buildings , it is overwhelmingly a better decarbonization path. Background on the hydrogen hubs program.
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