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Governors' Wind Energy Coalition

September 12, 2021

Top Story

Biden, airlines strike deal to slash carbon emissions

By Arianna Skibell, E&E News  •    •  Posted 2021-09-12 15:07:11

President Biden struck a deal with major U.S. airlines today to cut airplanes’ greenhouse gas emissions 20 percent by decade’s end. The agreement is part of a broader set of cross-agency actions the administration is taking to decarbonize the aviation sector — and the economy — by 2050. Transportation is the single largest source of planet-warming pollution in the United States, and aviation makes up 11% of those emissions. “This transformation to a zero-carbon aviation sector will require coordinated innovation and leadership from the Federal government, aircraft manufacturers, airlines, fuel producers, and airports,” the administration said in its announcement. [ read more … ]

Wind Energy

Cost Inflation Is Blowing Through the Wind Turbine Industry

By Rochelle Toplensky, Wall Street Journal  •    •  Posted 2021-09-12 15:05:34

Wind turbine makers have lost some of the wind in their sails this year. Investors can blame Covid delays, rising commodity prices, and a likely lull in orders after a frantic 2020. Europe’s world-leading turbine makers haven’t participated in this year’s stock-market rally. Shares in Vestas Wind Systems are down 14% and those in Siemens Gamesa Renewable Energy are lower by nearly one-third. One reason is the bursting of a mini clean-energy bubble: Most green-related stocks had a strong run last year and have since sold off. But fundamentals are also at play. Both companies lowered their profit outlooks in their most recent quarterly results.
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Climate

What Smart People Get Wrong About Climate Change Extremes

By Kate Mackenzie, Bloomberg  •    •  Posted 2021-09-12 15:06:00

If anyone should be attuned to the real-world impacts of global warming, it’s the policy makers and business heads that have to deal with the fallout. But even the most well-intentioned can fail to grasp just how bad things could get if climate goals aren’t met. At least that’s the impression I get. That’s why I reached out to Andy Pitman and Sonia Seneviratne, two of the world’s top experts on the most catastrophic effects of climate change. Their fields of study focus on extremes and compound events. Both worry that institutions are too focused on outcomes we can predict with high confidence. There isn’t enough appreciation of the risks associated with new weather patterns we don’t yet understand.
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Harvard’s $42 Billion Fund to Stop Investing in Fossil Fuels

By Kevin Crowley, Bloomberg  •    •  Posted 2021-09-12 15:06:14

Harvard University will stop investing in fossil fuels and instead use its giant $42 billion endowment to support the green economy, joining a growing wave of investors moving away from pollutive industries.  Harvard Management Co., which runs the endowment, has no investments in companies that explore for or develop fossil fuels and “does not intend to make such investments in the future,” President Larry Bacow said Thursday in a letterposted on the university’s website.
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FERC

Biden picks D.C. utility regulator for FERC commissioner

By Miranda Willson, E&E News  •    •  Posted 2021-09-12 15:07:44

President Biden will nominate the chair of the District of Columbia’s Public Service Commission to fill a vacancy on the Federal Energy Regulatory Commission, the White House announced today. If confirmed by the Senate, Willie Phillips, a Democrat, would tip the political scale in favor of Biden’s party on the five-member commission that regulates wholesale power markets and large energy projects and is crucial for the success of the administration’s climate agenda. [ read more … ]

Biden’s FERC pick may be a tipping point on clean energy

By Miranda Willson, E&E News  •    •  Posted 2021-09-12 15:07:29

The Federal Energy Regulatory Commission is set to become a more significant player for the Biden administration’s clean energy agenda, as the agency is poised to hold a Democratic majority for the first time in 4 ½ years. President Biden announced yesterday his intent to nominate Willie Phillips, chairman of the Public Service Commission of the District of Columbia, to serve as FERC’s fifth commissioner. Charged with regulating wholesale electricity markets, power transmission and large natural gas projects, the five-member independent agency has enormous sway over the Biden administration’s clean energy priorities, including the goal of a 100 percent carbon-free grid by 2035, analysts said. [ read more … ]

EVs

NYC unveils plan to build one of the largest electric vehicle charging networks in U.S.

By Erik Bascome, SiLive.com  •    •  Posted 2021-09-12 15:08:21

Over the next decade, New York City will create one of the country’s largest electric vehicle charging networks in an effort to reduce the city’s greenhouse gas emissions and combat climate change. On Wednesday, Department of Transportation (DOT) Commissioner Hank Gutman released a new plan, titled Electrifying New York: An Electric Vehicle Vision Plan for New York City, which will drastically expand the city’s electric vehicle charging network in the coming years. [ read more … ]

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