Originally published by Union of Concerned Scientists, The Equation.By Julie McNamara, senior energy analyst with the Climate & Energy program at the Union of Concerned Scientists In April 2021, President Biden committed the United States to reducing its greenhouse gas emissions 50 to 52 percent below 2005 levels by 2030, in line with science-informed targets, in line with
Environment
A bulldozer parked near a coal mound on the grounds of the Peabody Energy Francisco coal mine in Francisco, Indiana, U.S., on Thursday, Sept. 23, 2021. Luke Sharrett | Bloomberg | Getty Images LONDON — As world leaders prepare for one of the most important climate summits ever held, U.N.-backed research shows governments are collectively
Jet fuel prices are rising to levels not seen since before the Covid pandemic and it’s set to drive up airfares, United Airlines CEO Scott Kirby said Wednesday. “Higher jet-fuel prices lead to higher ticket prices,” Kirby told CNBC’s “Squawk on the Street.” “Ultimately, we’ll pass that through.” United forecast average fuel costs of $2.39
Originally published by Union of Concerned Scientists, The Equation.By Rachel Cleetus In the last week, Senator Manchin (D-WV) has become increasingly public with his opposition to the Clean Electricity Performance Program (CEPP), a policy designed to drive down power sector carbon emissions which is part of the reconciliation bill under consideration in Congress. With the vote margins so slim in Congress,
As states reach higher toward 100% renewable operation, energy storage will be key to enabling a more variable power supply. But no single technology will be a silver bullet for all our energy storage needs. Rather, a portfolio of storage solutions makes best economic sense for future energy systems, according to a recent National Renewable
Saudi Arabia’s finance minister has told CNBC that an “even worse” energy crisis could be triggered if the world is not careful with its climate policies. “If we are not careful about what we are doing to achieve our targets, we may end up having [a] very serious energy crisis like what we are seeing
Surrounded by local, state and national officials, California Governor Gavin Newsom speaks during a news conference at Bolsa Chica State Beach in Huntington Beach, site of the the recent offshore oil spill, on Tuesday, October 5, 2021. waters. Mark Rightmire | MediaNews Group | Orange County Register via Getty Images California Gov. Gavin Newsom on
In this article RY4C-IE The CEO of Ryanair has acknowledged the need for ambitious sustainable aviation fuel targets while also expressing concerns about how food prices could be affected. During a discussion at CNBC’s Sustainable Future Forum on Wednesday, Michael O’Leary said his firm was investing “a lot of money” with Trinity College Dublin on
Tesla CEO Elon Musk and Christian Democratic Union (CDU) party leader Armin Laschet visit the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Tesla CEO Elon Musk has said the fundamental good the electric car maker does will be measured in the acceleration of the world
The last 3 months have demonstrated a surge in solar installations in India. If this rate continues, coal-fired power could peak in 2024 and this increased solar generation could satisfy India’s increasing thirst for energy. After a dip in 2020 due to COVID, solar installations have quadrupled in the last three months — from a
In this article SRG-IT ENR-DE The CEO of Siemens Energy has spoken of the challenges facing the green hydrogen sector, telling CNBC that there was “no commercial case” for it at this moment in time. In comments made during a discussion at CNBC’s Sustainable Future Forum on Tuesday, Christian Bruch outlined several areas that would
Justin Sullivan | Getty Images You may want to get used to higher prices at the pump, at least for now. As of Monday, the average cost of a gallon of gas was $3.30, up 7.5 cents from a month ago and $1.08 higher than a year ago, according to fuel savings app GasBuddy. By
WASHINGTON, D.C. — The U.S. Department of Energy (DOE) today awarded nearly $40 million to 40 projects that are advancing the next generation of solar, storage, and industrial technologies necessary for achieving the Biden–Harris administration’s climate goal of 100% clean electricity by 2035. Specifically, the projects will reduce the cost of solar technologies by increasing
As I sit at my desk in front of my computer, the sun is shining and my pool looks very inviting outside my office window, but I am driven to write. Australia gets a lot of bad press internationally about our love for fossil fuels and how we are dragging our feet on climate change
Afghanistan’s gross domestic product could see a contraction of up to 30% following the Taliban takeover, the IMF said in its latest regional economic report. Jihad Azour, director of the IMF’s Middle East and Central Asia department, said the country’s situation was deteriorating, even before Kabul fell. “They were facing more than one shock — drought,
Andrew Forrest, Mukesh Ambani, and Larry Fink walk into a bar — “looks like it’s coke zero all round,” says the bartender. The richest man in India (Ambani) has set a goal of net-zero emissions by 2035 for his company. Australia’s Andrew Forrest has pledged net-zero emissions in phases, mostly by 2030 (scope 1 &