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Governors' Wind Energy Coalition

December 1, 2021

Top Story

Rising costs may erase years of renewables’ progress — report

By David Iaconangelo, E&E News  •    •  Posted 2021-12-01 14:52:10

The global rise in commodity prices is chipping away at the confidence of clean energy analysts, who say they are increasingly uncertain that renewables and batteries can sustain their long-running price declines. The uncertainty was apparent this week in a pair of market analyses from BloombergNEF and the International Energy Agency, which assessed how the high price of key raw materials — ranging from steel, aluminum and copper to polysilicon and lithium and battery electrolytes — would change the economics of clean energy technologies. [ read more … ]

Wind & Solar Energy

Renewables on the up

BY MATTHEW CHOI, Politico  •    •  Posted 2021-12-01 14:50:22

The world is getting more renewables, but it won’t be enough to hit net-zero global emissions by 2050, according to the International Energy Agency’s 2021 renewables report released today. The report paints a rosy picture for the clean energy sector, with global renewable generation capacity matching the current combined capacity of fossil fuels and nuclear by 2026. Renewables will also account for nearly 95 percent of global power growth in that period, according to the report. That’s 50 percent more than the growth rate from 2015 to 2020. [ read more … ]

Rising sun: renewables to dominate new power capacity through 2026 -IEA

By Noah Browning, E&E News  •    •  Posted 2021-12-01 14:50:57

Renewable energy should account for nearly 95% of the increase in power capacity in the world through 2026, a report by the International Energy Agency (IEA) showed on Wednesday, with solar power providing more than half the boost. The milestone comes despite rising costs for materials used to make solar panels and wind turbines. [ read more … ]

Reconciliation Bill

Manchin seeks more energy, climate tweaks to reconciliation

By Emma Dumain, Nick Sobczyk, Geof Koss, Jeremy Dillon, George Cahlink, E&E News  •    •  Posted 2021-12-01 14:52:33

“We had a good meeting with Sen. Manchin,” Schumer said at his weekly press conference yesterday afternoon. “We mainly talked about climate issues, and we’re going to get this bill done with 50 Democrats before Christmas. That’s our goal.” While neither Manchin nor Schumer would offer more specifics than that, Sen. Debbie Stabenow (D-Mich.), chair of the Senate Committee on Agriculture, Nutrition and Forestry, told E&E News that the two men discussed a fee on methane and tax credits for electric vehicles during their closed-door conversation. [ read more … ]

Tranmission

Grinding for grid comments

BY MATTHEW CHOI, Politico  •    •  Posted 2021-12-01 14:49:24

A second round of comments on Tuesday flooded the inboxes of everyone closely following FERC’s proceeding on transmission reform. Nearly 200 stakeholders weighed in with additional thoughts on how the commission should approach the issue, which is seen as critical for enabling the buildout of new renewable energy plants. Rob Gramlich, president of Grid Strategies and executive director of Americans for a Clean Energy Grid, noted one early trend in an email to reporters: 174 commenters supported proactive transmission planning for the future, i.e. preparing the power grid and transmission system for a wave of new clean energy resources. [ read more … ]

Markets

Oil firms face workforce crunch as renewables beckon -survey

By Ron Bousso, Reuters  •    •  Posted 2021-12-01 14:48:58

The oil and gas industry risks a huge workforce shortage as more than half of workers in the sector seek to move into the renewable energy industry, a survey published on Tuesday showed. The survey conducted as part of a report by recruitment firm Brunel and Oilandgasjobsearch.com showed that 43% of workers want to leave the energy industry altogether within the next five years. [ read more … ]

EVs

Electric Vehicles May Control Half of Major Markets by 2030, Auto Execs Predict

By Keith Naughton, Bloomberg  •    •  Posted 2021-12-01 14:50:06

Electric vehicles will account for about half of auto sales in the world’s major markets by 2030 as sticker prices reach parity with gasoline-fueled cars, according to a survey of automotive executives. EVs will make up 52% of the U.S., Japanese and Chinese markets and 49% of Western Europe, according to average estimates in the survey of more than 1,000 global automotive leaders released Tuesday by consultant KPMG. The significant uptake from less than 10% of the global market now will be driven by battery-powered models achieving a cost equal to vehicles propelled by traditional internal combustion engines, the executives predicted. [ read more … ]

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