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Governors' Wind Energy Coalition

March 16, 2020

Top Story

Gasoline becomes more affordable, just when Americans don’t need it

By Stephanie Kelly and Jessica Resnick-Ault, Reuters  •    •  Posted 2020-03-15 16:05:57

As cases steadily grow across the United States, Americans are cancelling road trips, running fewer errands and finding they do not have to drop their children off at school following widespread closings. The reasons for the sharp fall in prices are not just due to the coronavirus. A week ago, an oil price war erupted between Saudi Arabia and Russia after those nations were unable to come to a deal to cut supplies in response to the anticipated drop in demand due to the virus. [ read more … ]

For Richer or Poorer: Coronavirus, Cheap Oil Test Climate Vows

By Stephanie Ulmer-Nebehay, Reuters  •    •  Posted 2020-03-15 16:06:20

Climate change commitments by banks, pension funds and asset managers face their first major test as markets reel from the twin shocks of coronavirus and a sliding oil price. The challenge looks formidable. When the 2008 financial crisis tipped the world into recession, carbon emissions fell. But as economies grew again, governments proved unable to halt an emissions rebound. [ read more … ]

Commentary

Coronavirus crisis opens new paths toward clean energy

By Daniel Cohan, The Hill  •    •  Posted 2020-03-15 16:06:43

When Rahm Emanuel famously advised not to let another “crisis go to waste,” he lamented that the oil crises of the 1970s came and went without solving our energy woes. As the incoming chief of staff amid the 2008 financial crisis, Emanuel foresaw “an opportunity to do things that you think you could not do before” in clean energy and beyond. That crisis too passed with too little accomplished. [ read more … ]

Wind Energy

How offshore wind transformed a steel town

By Heather Richards, E&E News reporter  •    •  Posted 2020-03-15 16:07:35

The air cracked with each punch of a pile driver sinking pylons about 160 feet into the shoreline here at Sparrows Point, a peninsula jutting into the river southeast of Baltimore, on a chilly afternoon in February. Once the site of one of the country’s largest steel mills, Sparrows Point has witnessed the slow death of American manufacturing firsthand.
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US military squeezes wind energy development off California’s Central Coast

By Garrett Hering, S&P Global  •    •  Posted 2020-03-15 16:07:58

Developers, state officials and federal agencies working toward the creation of a thriving wind industry off California’s Central Coast have encountered a formidable opponent: the U.S. military. The Pentagon’s space restrictions in West Coast waters have so far stymied efforts to generate carbon-free electricity using floating wind turbines above the Outer Continental Shelf. The conflict threatens to further delay the federal government’s auction of leases in the state’s most desirable area for offshore wind energy development, originally planned for 2018. [ read more … ]

Solar Energy

Coronavirus could cut solar demand for first time in 30 years

By Parker M. Shea, E&E News reporter  •    •  Posted 2020-03-15 16:08:25

The novel coronavirus could plunge global solar demand for the first time since the 1980s and hit electric vehicle battery sales, according to a report yesterday. Bloomberg New Energy Finance also said there’s “considerable downside risk” to forecasts for wind installations, while battery demand could be 9 gigawatt-hours lower than expected, the firm said. The analysis firm reduced its projections for global solar this year by about 10 gigawatts, from 121-152 GW to 108-143 GW. In 2019, global solar demand was 114 GW. [ read more … ]

FERC

PJM puts states on notice after FERC order

By Jeffrey Tomich, E&E News reporter  •    •  Posted 2020-03-15 16:09:28

PJM Interconnection, which oversees the grid in 13 states in the Mid-Atlantic and eastern Great Lakes region, operates a capacity market that allows utilities and other electricity suppliers to purchase power to meet demand three years in advance. Its auction was delayed following a controversial decision from the Federal Energy Regulatory Commission last year, which found PJM’s market rules failed to protect competition in the region’s wholesale capacity market from state policies to subsidize renewable resources and nuclear power. PJM officials yesterday outlined their proposed timeline during a meeting for moving forward. The grid operator faces a Wednesday deadline to respond to FERC’s so-called Minimum Offer Price Rule (MOPR), in which it will formally propose the auction schedule.
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Climate

Judge strikes down Trump’s cap-and-trade challenge

By Jennifer Hijazi, E&E News reporter  •    •  Posted 2020-03-15 16:08:53

A federal judge in California ruled yesterday that the state’s cap-and-trade agreement with Quebec does not run afoul of constitutional rules on foreign treaties. Senior Judge William Shubb for the U.S. District Court for the Eastern District of California shot down two claims that the Trump administration raised challenging the constitutionality of a deal between the Golden State and the Canadian province to create a cross-border carbon market.
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How Europe plans to pay for its Green Deal

By Jean Chemnick, E&E News reporter  •    •  Posted 2020-03-15 16:10:57

In its ambitious plan to combat global warming, the European Union puts its money where its mouth is. The European Commission’s proposal to make the 27-nation alliance carbon neutral by 2050 would cost an initial €503 billion — or about $562 billion — in direct expenditures from the European Union’s budget over the next decade.
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2020

Biden links action on climate, infectious disease

By Timothy Cama, E&E News reporter  •    •  Posted 2020-03-15 16:10:25

Former Vice President Joe Biden drew a connection yesterday between his argument for more aggressive action on climate change and fighting infectious diseases. The connection was part of the Democratic presidential candidate’s plan to fight the new coronavirus. While the pandemic is unlikely to be active if Biden takes office as president in January 2021, he offered the plan both as advice to the Trump administration and as a preview of how he’d handle future disease outbreaks. [ read more … ]

 

Note: News clips provided do not necessarily reflect the views of coalition or its member governors.