The UK’s windfall tax on renewables could hurt decarbonization efforts
Never underestimate the power of incumbent special interests to feather their own nests. We rely on Market incentives, which are a function of the TOTAL cost of ownership.
Economics
World falls ‘pitifully short’ of meeting climate goals, U.N. report says
Despite a high-profile promise to boost ambitions at last year’s U.N. climate summit, nations have shaved just 1 percent off their projected greenhouse gas emissions for 2030, a new United Nations report found — leaving Earth on track to blow past a safe temperature threshold by almost a full degree.
America’s Climate Bill Looks Even Better Than Before
Credit Suisse published a research note about America’s new climate law, The Inflation Reduction Act, the bank argued, is even more important than has been recognized so far: The IRA will “will have a profound effect across industries in the next decade and beyond” and could ultimately shape the direction of the American economy,
Nevada Clean Energy Fund May Get Funding under the IRA
The Inflation Reduction Act established a “Greenhouse Gas Reduction Fund” to finance clean energy projects across the country. Now, Nevada’s green bank, the Nevada Clean Energy Fund, is positioning itself for some of the $27 billion authorized.
Climate law [IRA] makes clean energy much more cost-competitive, report says
from WaPo The Inflation Reduction Act will cause the cost of renewable energy to decline dramatically over the next decade, according to an analysis shared exclusively with The Climate 202. The analysis from ICF Climate Center, a global consulting…
What is a Learning Curve & Why Is It Important?
Electricity from fossil fuels used to be far cheaper than renewables. This has dramatically changed within the last decade. The fundamental driver of this change is that renewable energy technologies follow learning curves, which means …
Electric Ford-150: Truck That Changes Everything
To BEV or not to BEV, that is the question Every year since 1981, the Ford F-150 has outsold every car in America. The F-150 lineup is responsible for $40B+ in annual revenue. As an American product, it…
“All of the above” and a variable tax?
Matt Yglesias (slowboring.com) offers a very useful discussion about the interaction of oil prices, gas taxes, investment and the politics involvred. I learned a LOT of things I didn’t know here. Eco-economics at its best!
Follow The Money: ¾ of a Trillion Dollars Invested
Renewable energy was the leading sector, followed by electrified transport. Most of that money will last decades (in the case of electric cars) or many decades (in the case of power generators).
World Economic Forum: Climate is a top global risk
A survey of 1,000 global leaders found climate and related issues as a top “risk” over short, medium and long-term time horizons.
Can Microsoft make good on its climate ambitions?
The company pledged to be carbon negative by 2030, removing all GHGs it emitted since its founding in 1975 before 2050. BUT it has ties to anti-climate trade associations, donates to obstructing politicians & contracts with fossil firms.
Large Insurers Are Hatching a Plan to Take Down Coal
As carriers price in climate risk, watch what happens — from coal to coastal condos; follow the money. Imagine how much faster this will occur if the carbon fee and dividend passed.