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Governors' Wind Energy Coalition

June 8, 2021

Top Story

As leaders gather for G-7, a key question: Will rich countries help poor ones grapple with climate change?

By Brady Dennis, Washington Post  •    •  Posted 2021-06-08 16:07:25

From his home in Bhutan’s capital of Thimphu, high in the Himalayas, Sonam P. Wangdi has witnessed climate change speed the retreat of glaciers and fuel flash floods in his country. He has watched other developing nations confront rising seas encroaching on Pacific islands and drought plaguing farms in Africa. “We are bearing the brunt of the impacts,” said Wangdi, the chair of a group of 47 of the world’s poorest nations that negotiate as a bloc at international climate talks. “It’s the poorest who have contributed the least [to the problem], but who suffer the most. The richer countries have the most capacity to adapt to climate change, and they are the most insulated.” [ read more … ]

Wind Energy

Renewable Energy Boom Unleashes a War Over Talent for Green Jobs

By Laura Millan Lombrana, Will Mathis and Joao Lima, Bloomberg  •    •  Posted 2021-06-08 16:08:38

Clean energy giants are finding a shortage of workers with the skills needed to support their ambitious growth plans.  The renewables jobs market is heating up and candidates with the right abilities are becoming harder to find, according to Miguel Stilwell, chief executive officer at Portuguese clean-energy firm EDP Renovaveis SA. The company is one of the world’s top installers of green power and plans to hire 1,300 employees over the next two years.  “There’s a war over talent globally,” Stilwell said in an interview on May 28. “The renewable sector, given the massive amount of growth that is expected, doesn’t have enough people.” [ read more … ]

Solar Energy

California explores real-time retail pricing to enable more renewables

By WILLIAM DRISCOLL, PV Magazine  •    •  Posted 2021-06-08 16:09:04

Real-time electricity pricing has been proven to work in a pilot program funded by the California Energy Commission that involved customers of California utility SCE. Participating customers reduced their electric bills mostly by shifting air conditioning loads. CPUC Energy Division staff member Aloke Gupta said the SCE pilot’s pricing scheme could inform a pricing scheme for California as a whole, as could San Diego Gas & Electric’s hourly dynamic rate for electric vehicle owners. [ read more … ]

Climate

Carbon Dioxide in Atmosphere Hits Record High Despite Pandemic Dip

By Brad Plumer, New York Times  •    •  Posted 2021-06-08 16:07:44

The amount of carbon dioxide piling up in Earth’s atmosphere set a record last month, once again reaching the highest levels in human history despite a temporary dip in the burning of fossil fuels worldwide caused by the coronavirus pandemic, scientists said Monday. Scientific instruments atop the Mauna Loa volcano in Hawaii showed that levels of carbon dioxide in the air averaged 419 parts per million in May, the annual peak, according to two separate analyses from the Scripps Institution of Oceanography and the National Oceanic and Atmospheric Administration.
[ read more … ]

Biden Administration

Biden clean energy plan faces permitting ‘choke point’

By Jeffrey Tomich, E&E News reporter  •    •  Posted 2021-06-08 16:05:57

President Biden’s goal to create a carbon-free power sector by 2035 is seen as a sprint because of the pace required to deploy vast amounts of wind and solar energy and battery storage to displace fossil fuels. A better analogy might be an obstacle course. Even if Congress passed a clean electricity standard, barriers would remain. Interconnection queues to the grid are backlogged. Billions of dollars of transmission will be required to connect new wind and solar farms to cities. [ read more … ]

With the White House infrastructure limping along

BY BEN LEFEBVRE, Politico  •    •  Posted 2021-06-08 16:10:04

Climate hawk Sen. Sheldon Whitehouse aired his fears that aggressive climate action might get pushed the side. The Rhode Island Democrat admitted on Twitter that he’s ” officially very anxious about climate legislation.” Partly to blame is the White House’s work to garner Republican in an effort to bring a bipartisan infrastructure package to Congress. That could mean the administration will have to strip out provisions tackling climate change to win over the GOP lawmakers, and there may not be enough time to take those provisions and write a separate climate-focused bill. [ read more … ]

Markets

Top Biofuel Maker Eyes Garbage in Widening Feedstock Hunt

By Brian Eckhouse and Jennifer A Dlouhy, Bloomberg  •    •  Posted 2021-06-08 16:09:22

The search for additional feedstocks comes as demand strains availability of traditional biofuel ingredients like soy oil, contributing to food inflation and destruction of forests to plant crops. More fossil-fuel companies are entering the market, and U.S. production capacity for renewable diesel is expected to jump almost sixfold by the end of 2024, according to JPMorgan Chase & Co. Neste said it isn’t worried about heightened competition for raw materials. “It’s fun to see the petroleum companies starting to do what we worked at 15 years ago,” Baines said. “It’s also a demonstration that the oil industry has got the skills and assets to convert from petroleum to renewable.” [ read more … ]

Options Traders Bet on Return of $100 Oil

By Joe Wallace, Wall Street Journal  •    •  Posted 2021-06-08 16:09:45

The popularity of $100 options is another example of traders converging on seemingly outlandish wagers they consider to be almost guaranteed ways of making money. Analysts say oil is unlikely to zip to $100 any time soon because the world economy is still recovering from the shock of Covid-19 and major producers are lifting output in response to resurgent demand. “Everyone’s been looking at it,” Adam Webb, chief investment officer of trading firm Blue Creek Capital Management LLC, said of $100 call options for oil delivered in December 2022. “It’s a no-brainer.” [ read more … ]

Commentary

The Electric Future Must Begin Now

By Martin Heinrich, New York Times  •    •  Posted 2021-06-08 16:07:00

To get there, we need to begin by electrifying large parts of our economy and changing the supply of all that electricity from polluting fuels to clean energy. We must start with our homes and vehicles because, according to research from Rewiring America, a nonprofit organization focused on the widespread electrification of the U.S. economy, 42 percent of all of our energy-related carbon emissions come from the machines we have in our households and our cars. To keep global warming at livable temperatures, we need to replace existing machines that use fossil fuels with clean electric substitutes when they reach the end of life. [ read more … ]

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