mspohr
Well-Known Member
Whatabout oil and gas decommissioning? Need to capture CO2 and toxins and plug wells plus repair environmental damage (wildfire, floods, etc.
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Prediction: Coal has fallen. Nuclear is next then Oil.
- Thread starter nwdiver
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- Energy Environment Policy
mspohr
Well-Known Member
This Bold Plan to Kick the World’s Coal Habit Might Actually Work
Novel climate-financing deals are promising to shut off dirty energy plants in developing countries and retrain their staff to work in the green economy.
To get here, the South African government has had to think outside the box. Phasing out South Africa’s aging coal-fired power station fleet—which supplies 86 percent of the country’s electricity—is expensive and politically risky, and could come at enormous social and economic cost to a nation already struggling with energy security and socioeconomic inequality. In the past, bits and pieces of energy-transition funding have come in from organizations such as the World Bank, which assisted with the Komati repurposing, but for South Africa to truly leave coal behind, something financially bigger and better was needed. That arrived at the COP26 climate summit in Glasgow, Scotland, in November 2021, in the form of a partnership between South Africa, European countries, and the US. Together, they made a deal to deliver $8.5 billion in loans and grants to help speed up South Africa’s transition to renewables, and to do so in a socially and economically just way.
A $55/month Tesla Powerwall lease program in Vermont just got a lot bigger
The Vermont PUC just uncapped Green Mountain Power's Tesla Powerwall lease program, making it now available to 270,000+ customers.
electrek.co
If only I can lease a home battery for $55 a month so I can zero out my TOU summer peak (plus running the HVAC during peak)... congrats, VT residents!
mspohr
Well-Known Member
Rich countries ‘trap’ poor nations into relying on fossil fuels
Campaigners criticise ‘new form of colonialism’, where countries in the global south are forced to invest in fossil fuel projects to repay debts
www.theguardian.com
Richer countries and private lenders are trapping heavily indebted countries into reliance on fossil fuels, according to a new report. The pressure to repay debts is forcing poor nations to continue investing in fossil fuel projects to make their repayments on what are usually loans from richer nations and financial institutions, according to new analysis from the anti-debt campaigners Debt Justice and partners in affected countries. The group is calling for creditors to cancel all debts for countries facing crisis – and especially those linked to fossil fuel projects.
The debt caused by fossil fuels are being structured to be paid back by fossil fuels, solidifying a vicious cycle of having to move forward and having very severe consequences of not wanting to continue with fossil fuels,” Ribeiro said.
A $55/month Tesla Powerwall lease program in Vermont just got a lot bigger
The Vermont PUC just uncapped Green Mountain Power's Tesla Powerwall lease program, making it now available to 270,000+ customers.
If only I can lease a home battery for $55 a month so I can zero out my TOU summer peak (plus running the HVAC during peak)... congrats, VT residents!
It doesn't really matter that they've opened it up when there's such a large waiting list.
Progress being made:
www.carbonbrief.org
Steel industry makes ‘pivotal’ shift towards lower-carbon production - Carbon Brief
The steel industry has made a ‘pivotal’ shift towards lower-carbon forms of production, a new report says, but remains short of a 1.5C-compatible pathway.
www.carbonbrief.org
Puerto Rico's Solar Revolution: What We Can Learn From the Island's Energy Crisis
How Puerto Rico Is Turning Its Energy Crisis Into an Opportunity
How Puerto Rico Is Turning Its Energy Crisis Into an Opportunity
mspohr
Well-Known Member
Note that this is done at community level, not by the corrupt utility and government.
Funny how the self reliant, independent folks join the party that want to keep them reliant on corrupt utility and government. LOL
Yes, start with electric school bus instead of subjecting the kids of gasoline and diesel exhaust twice a day.
mspohr
Well-Known Member
EU fossil fuel burning for electricity fell to lowest on record in 2023, data shows
Drop in first half of year driven by fall in demand and some growth in clean power, study says
www.theguardian.com
The European Union is stoking its power plants with fewer lumps of coal and barrels of oil and gas than it has ever recorded, data shows. The 27 member states burned 17% less fossil fuel to make electricity between January and June 2023 than over the same period the year before, a study from the clean energy thinktank Ember found. The EU made 410TWh of electricity from sources that release planet-heating gases, which analysts say is the lowest level since 2015 – the first year for which they have monthly data – and “very likely” since 2000. The drop in fossil fuel generation was driven by a fall in demand for electricity, as well as some growth in clean power, the study found.
This will continue to help EV and rooftop solar adoption.
markets.businessinsider.com
Crude Oil Extends Surge Amid Ongoing Supply Concerns
(RTTNews) - Extending the rally seen over the past several sessions, the price of crude oil showed another significant move to the upside during t...
markets.businessinsider.com
mspohr
Well-Known Member
Over 80% of the world's energy needs are provided by coal, oil and gas. Although technologies to extract fossil fuels may have changed over the decades, the core products themselves have never been challenged. Until now.Pressure to reduce carbon emissions is putting the future of fossil fuel giants in jeopardy. Encouraging the growth of alternative methods to generate and distribute power.In just eight years, the value of the world's biggest power companies has halved. Leaving industry giants scrambling to redefine their role in this new energy world. Across the world, old industries are facing disruption on an unprecedented scale. The pressure to adapt has never been greater.
mspohr
Well-Known Member
Why?
Better to spend $10 billion on distributed local solar, wind and storage.
Are you sure about that? Storage is pretty expensive and has a limited life. Distribution is very important. The mix is a complicated matter. Certainly transmission is needed.
I am pretty sure the best solution is not for each region to act like little islands with storage for all their needs. Heating in winter is fairly energy intensive and there isn't wind everywhere - all the time. You can make solar work for heat in much of the country but it isn't easy.
In the proposed area, heat isn't a big issue of course.
I am pretty sure the best solution is not for each region to act like little islands with storage for all their needs. Heating in winter is fairly energy intensive and there isn't wind everywhere - all the time. You can make solar work for heat in much of the country but it isn't easy.
In the proposed area, heat isn't a big issue of course.
mspohr
Well-Known Member
I could see a line from a sunny or windy area to an area without but this is from one sunny area to another.
It just looks like a scam to raise rates.
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