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

August 9, 2022

Top Story

How Senate Dems broke decadeslong climate losing streak

By Nick Sobczyk, Jeremy Dillon, E&E News  •    •  Posted 2022-08-09 14:59:25

Democrats have spent the 12 years since the failure of the cap-and-trade legislation developing a political coalition for climate action — and a set of policies that could keep their caucus together.
They ended up with a $379 billion suite of incentives and grant programs, tied to billions in other social spending and tax policies. That includes long-term tax credits for wind and solar and massive boosts for technologies like nuclear, hydrogen and carbon capture. [ read more … ]

Wind Energy

US Set to Deliver More Offshore Wind Energy in New Climate Bill

By Jennifer A Dlouhy, Bloomberg  •    •  Posted 2022-08-09 14:58:07

The strong gusts blowing off the coasts of Puerto Rico, Guam and other US territories offer big green energy potential — but for decades, a quirk in federal law meant renewable developers have been barred from tapping them. Now, a tax and climate bill passed by the Senate on Sunday would lift that prohibition, opening coastal waters around the five US territories to offshore wind development and compelling the US Interior Department to pursue potential lease sales there. [ read more … ]

Dominion Energy mulls appeal of ‘untenable’ performance standard for $9.8B offshore wind project

By Ethan Howland, Utility Dive  •    •  Posted 2022-08-09 14:56:38

A performance guarantee requirement for Dominion Energy Virginia’s 2.6-GW offshore wind project is “untenable,” Robert Blue, Dominion Energy chairman, president and CEO, said Monday during an earnings call. The company is considering appealing a decision issued Friday by the Virginia State Corporation Commission, or SCC, that puts unprecedented cost risk onto the utility, according to Blue.
[ read more … ]

Solar Energy

U.S. solar faces new barriers after year of ‘crisis’

By David Iaconangelo, E&E News  •    •  Posted 2022-08-09 14:58:27

Still, the legislation’s many boosts to solar might not overcome other counterweights, such as ongoing supply shortages, allegations of forced labor, uncertainty about a federal probe on tariffs and lengthening queues for solar farms to get on the electric grid, according to observers. Even so, Hopper predicted that the solar-manufacturing workforce in the U.S. would double as a result of the legislation. “I anticipate that we will see a number of groundbreakings and announcements right after this gets signed into law,” she said. [ read more … ]

Inflation Reduction Bill

Is the climate bill ‘historic’? Maybe not, historians say.

By Adam Aton, E&E News  •    •  Posted 2022-08-09 14:58:43

Historians themselves are more circumspect about where this bill fits into the grand arc of history. The “Inflation Reduction Act” could possibly mark a turning point for American society, five historians told E&E News, propelling a transformation of the U.S. economy for a century or more. If so, they said, it would deserve a place in the pantheon of historic environmental laws that have reshaped American life, alongside the Clean Air Act and the Clean Water Act — and it might surpass even them. [ read more … ]

Climate bill showers cash on parks, forests and air monitors

By Michael Doyle, Kevin Bogardus, Marc Heller, E&E News  •    •  Posted 2022-08-09 14:59:06

The “Inflation Reduction Act” passed by the Senate over the weekend includes funding to hire more park rangers, deter more invasive species and finally finish some long-delayed maintenance work.
That’s not all. Far from it. [ read more … ]

Commentary

Did Democrats Just Save Civilization?

By PAUL KRUGMAN, New York Times  •    •  Posted 2022-08-09 14:57:13

They really did it. The Inflation Reduction Act, which is mainly a climate change bill with a side helping of health reform, passed the Senate on Sunday; by all accounts it will easily pass the House, so it’s about to become law. This is a very big deal. The act isn’t, by itself, enough to avert climate disaster. But it’s a huge step in the right direction, and sets the stage for more action in the years ahead. It will catalyze progress in green technology; its economic benefits will make passing additional legislation easier; it gives the United States the credibility it needs to lead a global effort to limit greenhouse gas emissions. [ read more … ]

EVs

The EV Race Is Turning a Gold Rush Haven Into a Battery Hub

By Harry Brumpton, Bloomberg  •    •  Posted 2022-08-09 14:57:47

As about 2,700 executives, investment bankers and industry stalwarts gathered in the precious metals hub last week for Australia’s key annual mining forum it was clear where the industry’s focus lies. All attention is on the frantic hunt for battery metals to deliver the world’s shift to electric vehicles. The most in-demand mining leaders are no longer those who’ve unearthed vast troves of glittering gold, but instead the companies delivering previously shunned projects to yield volumes of lithium, nickel, manganese and cobalt. [ read more … ]

Peak Car Is Just 14 Years Away After Over a Century of Growth

By Andrew Grant, Bloomberg  •    •  Posted 2022-08-09 14:57:25

This latest report lays out a scenario for passenger road transport for the coming decades in which the global passenger vehicle fleet grows from 1.2 billion to a record of just over 1.5 billion in 2039. BNEF expects worldwide annual sales to peak in 2036, ending more than a century of growth. [ read more … ]

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