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Four high-stakes elections
We often hear about tipping points in the physical climate of planet Earth. There are political tipping points, too. Elections can put a heavy finger on the scales of climate action. Consider the consequences of two recent votes — the federal election in Australia and the Conservative Party leadership contest in Britain — and the potential consequences of two upcoming ones: a presidential runoff this month in Brazil and U.S. midterms in November. [ read more … ]
Wind Energy
US offshore wind sets a record with 58% growth in long-term targets in Q3
Groundbreaking federal policy, record investments, and new state-level legislature boosted the US offshore wind industry boom in the third quarter, with three things, in particular, spurring growth, which are, according to the report: The Biden administration’s passage of the Inflation Reduction Act (IRA), which appropriated $369 billion in new clean energy funding, including billions in tax credits for offshore wind manufacturing. [ read more … ]
Climate
How activists put the ‘climate emergency’ on the map
Nearly a decade ago, a political outsider helped catapult the idea of a “climate emergency” to the forefront of U.S. politics. Now her activism is on the brink of paying off. Margaret Klein Salamon, a clinical psychologist by training, became alarmed by climate change after Superstorm Sandy battered New York City in 2012, leaving a busted car stranded outside her apartment for years. [ read more … ]
States
Southeast market set to shake up renewables in 12 states
An electricity market in the Southeast aimed at supporting renewables and lowering energy costs is set to launch next month, despite a pending lawsuit challenging the program and disagreement over how it would affect clean power. Proposed last year by some of the largest utilities in the South, the Southeast Energy Exchange Market (SEEM) is a first-of-its-kind electricity trading program that would affect customers in 12 states. It will commence operations Nov. 9, according to a filing Wednesday at the Federal Energy Regulatory Commission. [ read more … ]
Markets
Biden Team Grows Concerned Russia Oil Price Cap May Backfire After OPEC+ Cut
The plan seeks to keep enough Russian supplies on the global market to stave off a spike in worldwide oil prices, but the proposal has been complicated since its inception and the subject of intense diplomacy with European allies. Its prospects have now been potentially undermined by the OPEC+ move to slash production by 2 million barrels per day, the people said. Nonetheless, the proposal is viewed as the best choice among bad options to curtail Russia’s oil revenues and financing for its war in Ukraine and is moving forward, one person said. [ read more … ]
EVs
Lucid Increases E.V. Production but Still Faces Challenges
Electric-vehicle start-ups like Lucid and Rivian were expected to challenge the dominance of the traditional car companies with stylish, high-performance products, but have had problems making enough vehicles to gain significant market share. Rivian, which makes electric pickup trucks, said last week that it was recalling almost all of the vehicles it has produced so far because a small number have an improperly tightened fastener that could cause the steering to malfunction. [ read more … ]
Note: News clips provided do not necessarily reflect the views of coalition or its member governors.