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Governors' Wind Energy Coalition

March 1, 2021

Top Story

Scientists see stronger evidence of slowing Atlantic Ocean circulation, an ‘Achilles’ heel’ of the climate

By Andrew Freedman, New York Times  •    •  Posted 2021-02-28 15:43:28

A growing body of evidence suggests that a massive change is underway in the sensitive circulation system of the Atlantic Ocean, a group of scientists said Thursday. The Atlantic meridional overturning circulation (AMOC), a system of currents that includes the Florida Current and the Gulf Stream, is now “in its weakest state in over a millennium,” these experts say. This has implications for everything from the climate of Europe to the rates of sea-level rise along the U.S. East Coast. [ read more … ]

Grid

National Academies offers stark warnings for shifting grid

By Peter Behr, E&E News reporter  •    •  Posted 2021-02-28 15:42:02

The nation’s life-sustaining electrical grid is stumbling into a risk-strewn, low-carbon transformation with inadequate plans, systems and policies in place, a congressionally established expert committee warned last week. “Pervasive uncertainty,” “disruptive new technologies,” “creakier” infrastructure, “crisis-driven policy-making” and “amplifying risks” all appear in the same paragraph early in the 353-page report by the National Academies of Sciences, Engineering and Medicine panel, headed by Granger Morgan of Carnegie Mellon University. [ read more … ]

Report warns renewables, EV surge could ‘strain the grid’

By David Iaconangelo, E&E News reporter  •    •  Posted 2021-02-28 15:42:53

The world needs to double investments in grid upgrades to accommodate a surge of low-carbon energy in coming decades, or risk bottlenecks that could hinder the transition away from fossil fuels, according to a new analysis. The report from clean energy market researcher BloombergNEF this week found that global spending on the grid will have to rise from around $235 billion in 2020 to $636 billion by 2050 to keep pace with an influx of low-carbon power. In the U.S., the estimate was similar — from $49 billion in 2020 to $123 billion per year by 2050. [ read more … ]

Wind Energy

North Dakota Officials Block Wind Power In Effort To Save Coal

By Dan Charles, NPR  •    •  Posted 2021-02-28 15:39:28

North Dakota has lots of coal. It also has strong and consistent winds. It might be the perfect spot to showcase the long-awaited “energy transition” from climate-warming fossil fuels to climate-saving renewables. Yet that transition has hit a snag. Two counties in the state have enacted drastic restrictions on new wind projects in an attempt to save coal mining jobs, despite protests from landowners who’d like to rent their land to wind energy companies. [ read more … ]

Biden Administration

New Energy Secretary Jennifer Granholm has advice for Texas — and for the oil industry

By Will Englund, Washington Post  •    •  Posted 2021-02-28 15:37:09

Oil companies are now diversifying to be energy companies rather than oil and gas companies. I think Chevron just announced … that it was going to be investing $300 million in a fund to advance low-carbon technologies. So that’s a super important piece of an opportunity for them. But clearly, it’s going to be up to them to be more responsive to this. They could be investing in battery technology. They could be investing, obviously, in biofuels, which is different. [ read more … ]

Former Michigan Gov. Granholm confirmed as energy secretary

By Matthew Daly, Alexandra Jaffe, Ricardo Alonso-Zaldivar and Paul Wiseman, Associated Press  •    •  Posted 2021-02-28 15:37:54

Former Michigan Gov. Jennifer Granholm won Senate confirmation Thursday to be energy secretary, joining President Joe Biden’s Cabinet as a leader of Biden’s effort to build a green economy as the United States moves to slow climate change. The vote was 64-35, with all Democrats and 14 Republicans, including GOP leader Mitch McConnell of Kentucky, voting yes. [ read more … ]

FERC

Clements talks Texas crisis, climate and the ‘FERCarazzi’

By Arianna Skibell, E&E News reporter  •    •  Posted 2021-02-28 15:38:39

In the wake of last week’s Texas blackout crisis, newly seated Federal Energy Regulatory Commission member Allison Clements said, “You can’t just fix one thing.” In a wide-ranging interview with E&E News, the Democratic commissioner called for applying a “systems perspective” to thorny reliability issues, like those that left millions of people in the dark as southern U.S. temperatures plunged below freezing. [ read more … ]

Markets

Whispers of $100 oil return as crude shakes off COVID’s clasp

By Ben Sharples, Bloomberg  •    •  Posted 2021-02-28 15:39:54

While oil’s dizzying collapse is still fresh for many traders, rumblings are starting to emerge that by the end of next year prices could once again top $100 a barrel. Azerbaijan’s Socar Trading predicts that global benchmark Brent could hit triple digits in the next 18 to 24 months, and Bank of America sees potential spikes above $100 over the next few years on improving fundamentals and global stimulus. Speculators are also getting in on the action, increasing bets in the options market that oil will reach the vaunted level by December 2022. [ read more … ]

EVs

EVs Are More Expensive Than Traditional Cars—But Not by Much

By Nathaniel Bullard, Bloomberg  •    •  Posted 2021-02-28 15:39:05

Last week, I engaged in a thought experiment about the future of the American gas station once electric vehicles take over the road. My conclusion: the big highway rest stop is probably OK, as is the urban fuel oasis; it’s the suburban gas station that may be turning into something else. That experiment didn’t address how those EVs will actually get on the road, however — that is, who’ll buy them and why?
[ read more … ]

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