New York Senate passes the biggest renewable energy mandate in the US
The 70%-by-2030 renewable energy provision in legislation S6599 is second only to Washington DC’s 100% by 2032 aim, and includes targets of 6 GW of distributed solar by 2025 and 3 GW of energy storage by 2030. It is expected to pass the assembly today.
Solar, storage and wind can keep us on track as far as 2030
This year’s New Energy Outlook report by Bloomberg New Energy Finance predicts renewables can keep us on track for less than two degrees of global heating for the next decade. But after that, other technologies will have to do their bit.
Green New Deal secures support from its first national-level US labor union
The ambitious climate, jobs and social program has encountered strong resistance from some national unions, and not only those connected to professions linked to traditional power industries.
EBRD unveils new energy strategy without coal or oil, looks to mobilize €1 billion in private sector capital
The European Bank for Reconstruction and Development yesterday unveiled its new energy sector strategy, which aims to ramp up renewables investment, while moving away from coal and oil. Gas will still remain a focus, however. It has also announced this week, plans for a €250 million green bond framework, through which it hopes to double the issuance of green/sustainability bonds in its active regions; and mobilize €1 billion in private sector investment over the next three years.
US utility Xcel Energy gets in front of the 100% renewable energy movement
By setting a timeline for the inevitable decarbonization of its fleet, Xcel is moving to have an energy transition on its terms.
UK’s decarbonization depends on continued growth of EVs, RE, storage – National Grid
Outlining energy pathways for the next 30 years and beyond, the U.K.’s National Grid has released four different scenarios, considering growing electricity demand and a significant increase in energy infrastructure from new renewable generation and EV charging networks. Only two of them meet the U.K.’s 2050 carbon reduction target on the back of a large growth of renewables and energy storage, and almost completely decarbonized transport.
Survey finds digitalization, decentralization and decarbonization concerns energy leaders
The World Energy Council tracks the top concerns of energy leaders and has created a tool with Arup to display its findings. The rise of digitalization issues and the decreasing significance of fossil fuels indicates a strong renewables market ahead and energy start ups are receiving increasing attention from utilities and leaders
