EV shoppers woke up on Monday to a market in which fewer vehicles than before qualify for the U.S. government’s $7,500 federal tax credit. The eligibility rules show only 19 models that receive the credit when purchased as new, down from 43 last year. See chart inside for the new list of eligible EVs.
A new assessment of Earth’s depleted ozone layer shows that efforts to repair the vital atmospheric shield are working, according to a panel of U.N.-backed scientists. Scientists said the ozone’s recovery should also serve as proof that societies can join to solve environmental problems and combat climate change.
It’s the hottest year on record, and the U.N. just set a global goal to phase out fossil fuels — but the U.S. is drilling for more oil and gas than ever before. By Maria Virginia Olano…
from Canary Media By Jesse D. Jenkins This guest essay was updated on Dec. 22, 2023. It’s not often you get to write the rules to govern an entirely new industry. But that’s exactly what the Biden…
To move beyond the woefully inadequate level of climate action since the 2015 Paris Accords, the world must put a global price on carbon. In one stroke, this would recalibrate consumer demand, set the market in motion, reduce emissions, and spur innovation. In the immortal words of legendary investor Charlie Munger: “Show me the incentive, and I’ll show you the outcome.”
In order to build enough renewable energy to avoid climate disaster, the U.S. and countries around the world will need to build an enormous amount of transmission capacity to get power from remote solar and wind farms to city centers. The current outlook is daunting. There are more than 8,000 energy projects waiting to connect to the grid. But in 2023 multiple important transmission projects moved forward.
For the past two decades, demand for electricity across the United States has hardly increased. But those dynamics have dramatically reversed — and U.S. electric utilities, regulators and power grid planners aren’t prepared to deal with this new, surging electricity demand, especially the need for new transmission infrastructure.
A new paper finds that properties within a mile of a proposed wind farm see an average decrease of 11 percent when a project is announced and constructed, compared to properties located three to five miles away. But the difference returns to zero within a few years such that properties within a mile of a project have values that are indistinguishable from those three to five miles away.
Editor’s Note: CCL’s Research Coordinator, Dana Nuccitelli, posted CCL’s take on this legislation in this blog post, which I recommend you read. He links to a) his outline the key elements of the 210-page bill and b) the Bill’s co-sponsors’ section-by-section description of what’s in the bill. Dana’s post on Community also addesses the politics involved, as well as CCL’s position..
Britain’s CBAM levies will apply to imports from high-carbon and hard-to-abate sectors including steel and aluminium, cement and ceramics. Additional products may be added to the scope of the CBAM following additional consultations in 2024. The Treasury is set to apply the levy on a sliding scale. Charges applied will depend on the greenhouse gas …
Climate change is a very real challenge with very real negative impacts. But it is solvable, and by solving it, we unlock the next phase of civilization’s growth. Human history is the history of unlocking new energy sources to fuel new stages of civilization. If you squint, human history looks like a big, long game called ENERGY.
Detroit’s new roadway is a big step toward a fully electric future. Last week, Detroit became the first American city to install an electrified roadway. While that might sound like something you would definitely not want to drive on, it’s actually a big step toward widespread EV adoption:
