Please add the Governors' Wind Energy Coalition to your address book for uninterrupted delivery
View this email in a web browser.
Governors' Wind Energy Coalition

March 3, 2022

Top Story

Biden’s dilemma: CO2 cuts or more gas?

By Peter Behr, E&E News  •    •  Posted 2022-03-03 15:20:49

For several moments in his State of the Union address Tuesday, President Biden led a bipartisan, unified ovation from Congress for Ukraine’s heroic defenders. Outside the House chamber, it was back to paralyzing debate about America’s fractured energy policies and prices, including the nation’s foremost energy weapon in the Ukraine crisis — the future of the vast U.S. reserves of natural gas. [ read more … ]

Wind Energy

Germany aims to get 100% of energy from renewable sources by 2035

By Markus Wacket, Reuters  •    •  Posted 2022-03-03 15:21:09

Germany aims to fulfil all its electricity needs with supplies from renewable sources by 2035, compared to its previous target to abandon fossil fuels “well before 2040,” according to a government draft paper obtained by Reuters on Monday. Europe’s top economy has been under pressure from other Western nations to become less dependent on Russian gas, but its plans to phase out coal-fired power plants by 2030 and to shut its nuclear power plants by end-2022 have left it with few options [ read more … ]

Solar Energy

Solar Rally Halted as First Solar Sees Lingering Supply Woes

By Brian Eckhouse, Bloomberg  •    •  Posted 2022-03-03 15:21:31

First Solar cited lingering issues including higher freight rates, commodity inflation and soaring aluminum costs as impacting prospects this year during a Tuesday earnings call after U.S. markets closed. Rising costs and trade disputes are among the biggest headwinds for a renewables industry grappling with several obstacles that threaten to slow adoption of solar, even as climate-minded governments and companies prioritize the use of cleaner power. [ read more … ]

Markets

Ban the barrel

BY ZACK COLMAN, Politico  •    •  Posted 2022-03-03 15:22:29

Manchin and Sen. Lisa Murkowski (R-Alaska)are teaming up on legislation to block imports of Russian crude oil and petroleum products in hopes of pressuring the Kremlin to back off its war in Ukraine. Whether it would get enough support for Senate passage is unclear, though it likely has quite a few GOP backers. Even climate hawk Markey has supported the basic idea, though he’s offered his own bill. [ read more … ]

‘Off the charts’: Coal prices surge as West shuns Russia

By Benjamin Storrow, E&E News  •    •  Posted 2022-03-03 15:22:48

In Asia, the benchmark for coal climbed to a record $440 a ton yesterday, a rise of $127 from the previous day. European coal prices, meanwhile, increased from $315 per ton on Tuesday to $435 yesterday. “These prices are absolutely off the charts,” said James Stevenson, an analyst who tracks the coal industry at Oil Price Information Service. “This means people are really desperate for prompt coal delivery.” [ read more … ]

Biden Administration

Manchin outlines energy demands as Dems mull next steps

By Emma Dumain, Nick Sobczyk, E&E News  •    •  Posted 2022-03-03 15:22:07

Manchin reiterated in slightly more detail a vision he’d shared with reporters a few weeks earlier: that he saw an opening to pass something resembling the $550 billion climate portion of “Build Back Better Act” with savings found by first overhauling the tax code and tackling prescription drug pricing reform. Crucially, however, Manchin said he wants to see the legislation take an “all-of-the-above” approach, including ramping up oil, gas and coal production, especially in light of the Russian invasion of Ukraine. [ read more … ]

 

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