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Governors' Wind Energy Coalition

July 6, 2021

Top Story

Climate change has gotten deadly. It will get worse.

By Sarah Kaplan, Washington Post  •    •  Posted 2021-07-06 15:37:54

The heat dome was just one of a barrage of climate catastrophes that struck the world in recent weeks. Western wildfires are off to a scorching start, with firefighters actively battling 44 large blazes that have burned nearly 700,000 acres. Parts of Florida and the Caribbean are bracing for landfall of Hurricane Elsa, the Atlantic’s fifth named storm in what is one of the most active starts to hurricane season on record. Nearly half a million people in Madagascar are at risk of starvation as the country grapples with dust storms, locusts and its worst drought in decades. In Verkhoyansk, Siberia — usually one of the coldest inhabited places on the planet — the land surface temperature was 118 degrees. [ read more … ]

Solar Energy

Solar Is Dirt-Cheap and About to Get Even More Powerful

By Dan Murtaugh, Bloomberg  •    •  Posted 2021-07-06 15:37:04

The solar industry has spent decades slashing the cost of generating electricity direct from the sun. Now it’s focusing on making panels even more powerful. With savings in equipment manufacturing hitting a plateau, and more recently pressured by rising prices of raw materials, producers are stepping up work on advances in technology — building better components and employing increasingly sophisticated designs to generate more electricity from the same-sized solar farms.  [ read more … ]

Biden Administration

The Biden White House Has an Exxon Problem

By Kate Aronoff, New Republic  •    •  Posted 2021-07-06 15:38:18

In a blockbuster report from Greenpeace journalistic arm Unearthed this week, top Exxon lobbyist Keith McCoy all but claimed credit for helping excise climate policies from the Biden administration’s much-hyped infrastructure package. Exxon, McCoy explained to an undercover reporter with the outlet in May, has targeted 11 senators—including several authors of the bipartisan package—in a “fishing” operation. McCoy “reel[ed] in” lawmakers by talking about carbon taxes, electric vehicles, chemicals, taxes, and infrastructure. He said their strategy has been to get Congress to stick to “roads and bridges” and reduce the size of a package down from $2 trillion to $800 billion. As of this week, the negotiated proposal includes just $579 billion of new spending.  [ read more … ]

Can Biden’s signature climate policy clear Senate rules?

By Josh Siegel, Washington Examiner  •    •  Posted 2021-07-06 15:36:43

Democrats may struggle to revamp President Joe Biden’s signature climate policy to comply with strict budget rules that govern the reconciliation process, the legislative maneuver they are using to bypass the filibuster. The Biden administration asserted this week it is committed to passing a clean electricity standard, its signature climate policy, in a Democratic-only infrastructure bill. The policy is central to achieving Biden’s goal of generating 100% carbon-free power by 2035 and reducing economywide emissions by 50% by 2030. [ read more … ]

Markets

U.S. natural gas producers hope customers will pay more for ‘green gas’

By Liz Hampton in Denver and Scott DiSavino in New York, Reuters  •    •  Posted 2021-07-06 15:38:57

U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is “greener gas” that has been certified as coming from low-emission operations or from renewable sources such as landfills.
[ read more … ]

Carbon Tax

How Not to Freak Out About a Carbon Tax

By Akshat Rathi, Bloomberg  •    •  Posted 2021-07-06 15:37:33

Indonesia is proposing a carbon tax of about $5 per ton of emissions in a bid to raise state revenues and meet climate goals. That’s less than a tenth of the current price of carbon permits in the European Union’s Emissions Trading System. And yet it has faced criticism from industry that it will slow down economic growth. To reach net-zero emissions by 2050, the International Energy Agencyestimates that advanced economies will have to pay an effective carbon price of about $75 per ton by 2025, and up to $250 per ton by mid-century. For some emerging markets, the IEA sees prices starting as low as $3 per ton, rising to $55 per ton by 2050. [ read more … ]

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