Domenica, 24 Marzo, 2019

Wind energy group to Perry: Renewable energy isn't coal's problem

Wind energy group to Perry: Renewable energy isn't coal's problem Wind energy group to Perry: Renewable energy isn't coal's problem
Messalina Adamo | 21 Giugno, 2017, 10:27

Throughout the 2016 presidential campaign, Trump promised to bring back coal mining jobs. Wind and solar plants could account for three-quarters of the $10.2 trillion in new energy investment through 2040.

Last year, the country installed around 35 gigawatts of new renewable capacity.

The authors of the analysis found that the rapid growth of renewable energy and related policies were "a distant second to market fundamentals in causing financial pressure" on coal plants without long-term contracts.

The report also notes that while greenhouse-gas emissions from the global power sector will likely peak in 2026, the rate of decline (approximately 1%) is not almost enough to battle climate change in a serious way. It would mean that global carbon dioxide pollution from fossil fuels may decline after 2026, a contrast with the International Energy Agency's central forecast, which sees emissions rising steadily for decades to come.

THE City of Vancouver, Vancouver Park Board and Clean Energy Canada on Tuesday marked the summer solstice by launching Solar Now, a renewable energy demonstration project.

Of course, solar energy isn't the only force creating headaches for coal and its beleaguered workforce. Now that renewable energy is so cost effective, coal is going to be one of the energy industry's biggest losers. And the pace of installations is accelerating, despite the fact that government subsidies are being phased out. To begin with, in the interest of national security, the military itself has become a national leader in adopting renewable energy.

It also helps that Elon Musk is betting heavily on solar.

Mexico is forecast to get 80% of its energy from renewables by 2040. Saudi Arabia renewed its commitment to clean energy by launching Vision 2030, a new roadmap for restructuring the economy from state-driven to private-sector led.

Wind turbines and photovoltaic arrays provided slightly more than 10% of USA electricity generation in March. More recently, The New York Times headlined its look at nuclear energy's challenges, "How retiring nuclear power plants may undercut US climate goals".

"I want to assure the executive arm of government that the national assembly will be very excited to work with you to ensure that the number of the required laws are put in place to create an enabling environment for us to exploit these resources effectively for the development of our country, " he added.

But it's important to note that the Bloomberg's dreary outlook for coal does not hinge on generous support for clean energy.

Along with the North Growth Foundation, the city has partnered with the Park Board and Clean Energy Canada on the Solar Now project.

All this spells further trouble for coal, despite a small increase in jobs in recent months. While the chain has installed solar panels atop hundreds of stores, it has purchased much of its green energy via two PPAs.


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