BNEF: Plummeting renewables costs give solar and wind cost parity in key markets

James Murray, Business Green, 29 October 2019 Analyst confirms new wind and solar plants now at cost parity with wholesale prices in California, China, and parts of Europe New wind and solar plants are now cheaper than new coal and gas plants in countries than cover two thirds of the global population and are capable of undercutting wholesale power prices …

Performance-Based Regulation: Getting Down to Business Model Reform in Colorado

September 18, 2019  |  By Cory Felder and Dan Cross-Call RMI This Spring, Colorado ascended to the top tier of state-led clean energy policy in the United States. In the final days of May, Governor Jared Polis signed 11 bills ushering in a wave of key policy changes to advance decarbonization and clean energy in the state. The legislature codified an electricity sector greenhouse gas (GHG) …

Low-Carbon Cities Are a $24 Trillion Opportunity

Researchers found that investing in 16 low-carbon measures in cities could cut global urban emissions by 90% by 2050 and has a net present value of almost $24 trillion, equivalent to nearly one-third of the global GDP in 2018. This means that between now and 2050, the total benefits of these investments will exceed their total costs by almost $24 …

Electricity is set to become a cheaper energy carrier than combustible fuels

Dr Gunnar Luderer from the Potsdam Institute for Climate Impact Research, who said the role of electrification in the future is underestimated. “Electricity is set to become a cheaper energy carrier than combustible fuels,” he noted. His team’s analysis has found that under 1.5C-consistent pathways, renewable power will be cheaper than energy from oil and gas from 2030, and they set out to find to …

Renewable electricity from solar and wind costs less than electricity from gas and coal, and can be implemented everywhere at huge scale, giving rise to a trillion-dollar energy windfall

A sampling of stories from just the past week: Renewable electricity from solar and wind costs less than electricity from gas and coal, and can be implemented everywhere at huge scale, giving rise to a trillion-dollar energy windfall, according to Inevitable Policy Response, a project of the U.N. Principles for Responsible Investing that aims “to prepare investors for the associated portfolio risks.” Transforming …

US leads in per capita and total emissions. It’s time to shut off fossil fuel development.

https://www.nature.com/immersive/d41586-019-02711-4/index.html …issues of moral responsibility and social justice, by focusing on evidence that climate disruptions will most harm the people who have contributed least to the problem. Such concerns led Philip Alston, the UN special rapporteur on extreme poverty and human rights, to declare that climate change is “an unconscionable assault on the poor” in a report to the Human …

Al Gore: We can do it, but we need significant policy change and new people in office

Sept. 20, 2019, NYTimes Things take longer to happen than you think they will, but then they happen much faster than you thought they could. The destructive impacts of the climate crisis are now following the trajectory of that economics maxim as horrors long predicted by scientists are becoming realities. More destructive Category 5 hurricanes are developing, monster fires ignite and …

Nuclear industry report says nuclear energy is too slow, too expensive to save climate

Reuters, 23 Sept 2019 by Marton Dunai, Geert De Clercq BUDAPEST/PARIS (Reuters) – Nuclear power is losing ground to renewables in terms of both cost and capacity as its reactors are increasingly seen as less economical and slower to reverse carbon emissions, an industry report said. In mid-2019, new wind and solar generators competed efficiently against even existing nuclear power plants …