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Governors' Wind Energy Coalition

April 25, 2021

Top Story

Biden’s Pledge to Slash Emissions Would Require Big U.S. Changes

By Russell Gold and Collin Eaton, Wall Street Journal  •    •  Posted 2021-04-25 14:09:02

While U.S. industries are already transitioning to a lower-carbon future, Mr. Biden’s target would require companies in industries from energy to transportation to agriculture to greatly speed the pace of change. Some segments of the economy appear to be ready. Others would face extraordinary challenges. All would face significant new costs—exactly how much is unknown—and it is unclear how much would be subsidized by government tax policies or incentives, since the Biden administration has yet to detail how it would seek to reach the aggressive new goal. [ read more … ]

Proposed Climate Policies

Biden’s sweeping climate goal comes down to one thing

By MICHAEL GRUNWALD, Politico  •    •  Posted 2021-04-25 14:09:23

President Joe Biden’s ambitious climate pledges come down to one main question: How much greener can he make the U.S. power grid? The United States has made almost no progress in cutting greenhouse gas emissions from its other major carbon sources — vehicles, buildings, factories and farms. The U.S. reduced emissions by only 12 percent from 2005 through 2019, so it will have to more than triple its carbon-slashing pace to meet the target Biden announced Thursday: 50 to 52 percent reductions from 2005 levels by 2030. [ read more … ]

NextEra backs Biden’s clean energy push as renewables power profit

By Reuters  •    •  Posted 2021-04-25 14:09:58

NextEra Energy Inc will back the U.S. government’s push for utilities to tap carbon-free sources, the country’s most valuable electricity provider said as capacity growth in renewable energy pushed its quarterly profit above expectations. [ read more … ]

Biden Administration

Senators spar over Biden green energy infrastructure push

By Sylvan Lane, The Hill  •    •  Posted 2021-04-25 14:07:12

President Biden’s push to mobilize the U.S. economy against climate change is stoking Republican backlash to his infrastructure plan, raising further doubts about a potential bipartisan breakthrough. That GOP criticism was on display Thursday at a Senate Banking Committee hearing, where Democrats touted the Biden administration’s “whole-of-economy” approach to fighting climate change, a central focus of the president’s $2.3 trillion American Jobs Plan. The proposal would allocate hundreds of billions of dollars toward accelerating the shift away from fossil fuels, with the goal of creating thousands of green energy jobs in the process. [ read more … ]

Biden Disappoints Activists With $5.7 Billion Climate Pledge for Poor Countries

By Jennifer A Dlouhy and Ari Natter, Bloomberg  •    •  Posted 2021-04-25 14:07:31

President Joe Biden’s vow to spend $5.7 billion annually helping developing nations deal with climate change and propel clean energy has disappointed environmental activists who say it falls far short of what the U.S. should be spending. Biden’s funding pledge, made before a Thursday climate summit with the leaders of 40 nations, would represent a doubling of climate-finance spending during the second half of the Obama administration. But it’s much less than that sought by environmental advocates, who called for funds ranging from $8 billion to $800 billion through 2030. [ read more … ]

Texas Blackouts

Berkshire Gets Competitor in Race to Toughen Texas Grid

By Mark Chediak, Bloomberg  •    •  Posted 2021-04-25 14:05:55

Starwood Energy, a power plant developer, is pitching an $8 billion plan to build natural gas plants for emergency use on the Texas grid, rivaling a proposal from Warren Buffett’s Berkshire Hathaway Inc. Starwood would construct 11 natural gas plants that could be used by the Texas grid operator when power supplies get tight, according to a proposal sent in a letter Friday to the Electric Reliability Council of Texas and the Public Utility Commission of Texas. Under the plan, Starwood would create a regulated company that would hold the assets and earn a return not to exceed 9%, according to the letter. [ read more … ]

EVs

How a Wave of Electric Trucks Could Create Millions of ‘Accidental Environmentalists’

By Christopher Mims, Wall Street Journal  •    •  Posted 2021-04-25 14:07:52

Bob Dykes speaks in the gravelly drawl you’d expect of a man who grew up in Wyoming and owns an oil-and-gas company. He’s 69 years old, calls himself a political independent and is agnostic about global warming. He’s also about to buy his first all-electric vehicle. Not one from Elon Musk, however. “ Tesla to me is a yuppie vehicle,” he says. The 1,000-horsepower beast he preordered from General Motors is the new electric Hummer. It will be the third Hummer Mr. Dykes, whose family-owned company operates in 14 states, has owned and, at $112,595, the most expensive. [ read more … ]

Commentary

How Electric, Self-Driving Cars and Ride-Hailing Will Transform the Car Industry

By Daniel Yergin, Wall Street Journal  •    •  Posted 2021-04-25 14:08:20

When GM’s very first car, the Chevrolet Classic 6, appeared on Detroit’s streets in 1912, it ran on gasoline. More than a century later, in 2034, the very last GM car that runs on gasoline is scheduled to roll off the assembly line. Starting in 2035, GM intends to make only electric cars, from its least expensive model, the $4,000 Hongguang Mini in China, to the “handcrafted” Cadillac Celestiq at $200,000-plus. The other major car companies, from Ford and Toyota to Volkswagen and Volvo, are heading in the same direction. [ read more … ]

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