News

EU countries could face national renewable energy goals, official says

Source: By Kate Abnett, Reuters • Posted: Thursday, May 6th, 2021

European Union policy makers are likely to propose national targets on expanding renewable energy to try to ensure the bloc achieves its goals on cutting emissions, a senior official said on Wednesday. The European Commission is drafting a major package of climate change policies to be unveiled in July to cut greenhouse gas emissions faster across all sectors of the economy.

How an Oil Company Becomes a Renewables Company

Source: By Nathaniel Bullard, Bloomberg • Posted: Thursday, May 6th, 2021

Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return to pre-pandemic profit levels. At the same time, some of the majors increased their energy transition commitments: as my Bloomberg Intelligence colleagues Salih Yilmaz and Will Hares noted on Twitter, Spanish firm Repsol SA devoted 40% of its capital expenditure to low-carbon projects, and France’s Total SE stated plans to increase its renewable energy capacity five-fold over the next four years.

Will Okla. disrupt Biden’s 100% clean energy goal?

Source: By Edward Klump, E&E News reporter • Posted: Thursday, May 6th, 2021

The state’s natural gas devotion is setting up a potential clash with the White House and environmental groups as Biden eyes climate action through a flurry of executive orders and his $2.2 trillion infrastructure plan. But while Oklahoma’s approach to electricity isn’t aimed at meeting the Biden administration’s decarbonization goals, state leaders are still betting they can foster renewables and slash emissions while keeping the lights on.

Solar hangs a help wanted sign

Source: BY MATTHEW CHOI AND KELSEY TAMBORRINO< Politico • Posted: Thursday, May 6th, 2021

The U.S. solar industry will need to quadruple the size of its workforce by 2035 if it plans to meet President Joe Biden’s goal of reaching 100 percent clean electricity by that year, a new report from the industry’s lobbying association said this morning. The U.S. solar industry employed 231,474 workers last year, according to the National Solar Jobs Census 2020 released today by the Solar Energy Industries Association, the Solar Foundation, the Interstate Renewable Energy Council and BW Research Partnership. That’s a 6.7 percent drop from 2019 caused by Covid-19 pandemic restrictions and increased labor productivity, the report said.

Chinese greenhouse gas emissions now larger than those of developed countries combined

Source: By Steven Mufson and Brady Dennis, Washington Post • Posted: Thursday, May 6th, 2021

China’s greenhouse gas emissions in 2019 surpassed those of the United States and the developed world combined, according to an analysis published Thursday by the research firm Rhodium Group. China’s share of global emissions rose to 27 percent of the world’s total, while the United States remained the second-largest emitter at 11 percent. India’s share came third at 6.6 percent, edging the 27 nations in the European Union, which account for 6.4 percent, the report found.

New SunPower CEO Wants Buying Solar as Easy as Amazon Purchases

Source: By Brian Eckhouse, Bloomberg • Posted: Thursday, May 6th, 2021

The new CEO of SunPower Corp. — a veteran of Amazon.com Inc. — wants to make the rooftop solar-buying process easier for homeowners. “We have a chance to really innovate on the customer experience,” said SunPower Chief Executive Officer Peter Faricy in an interview Wednesday. “Until we make getting solar as simple as buying a book on Amazon, we’re not going to stop.”

Top Wind Turbine Maker Plans to Raise Prices

Source: By Will Mathis, Bloomberg • Posted: Thursday, May 6th, 2021

One of the world’s biggest wind turbine makers Vestas Wind Systems A/S will hike its prices as the costs of steel and transportation increase amid a global commodities boom that’s contributing to a rising risk of inflation. It’s an early sign that the surge in commodities prices and disruptions in supply chains could interrupt a trend of perpetually falling costs for green energy.

Electric vehicles and renewables will need a dramatic rise in mineral supply, IEA warns

Source: By Anmar Frangoul, CNBC • Posted: Thursday, May 6th, 2021

The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met, according to the International Energy Agency.  A new report from the Paris-based organization, published Wednesday and entitled “The Role of Critical Minerals in Clean Energy Transitions,” focuses on the importance of nickel, cobalt, lithium, copper and rare earth elements.

The future grid is full of data. That worries cyber experts

Source: By Christian Vasquez, E&E News reporter • Posted: Wednesday, May 5th, 2021

“The challenge that we face nationwide is how to accelerate progress toward having clean energy and increased reliance on solar and wind — and do so at the same time that we do not give [Chinese President] Xi Jinping the keys to the kingdom,” said Paul Stockton, former assistant secretary of Defense for homeland defense and author of a recent paper on distribution-level grid data.

Automakers: States ‘unlikely to reach’ 2035 gas-free goal

Source: By David Iaconangel, E&E News • Posted: Wednesday, May 5th, 2021

 The auto industry’s largest trade group challenged 11 governors who are calling for a national phase-out of gasoline cars to put clean vehicles on their own roads first. The governors urged the Biden administration in April to ban sales of new light-duty gas cars by 2035, followed by medium- and heavy-duty models by 2045. That would place the entire country on the same track as California and a handful of other states.