Avoid False Solutions! Stanford Study Says Renewable Power Eliminates Argument for Using CCS with Fossil Fuels

Stanford Study Says Renewable Power Eliminates Argument for Using Carbon Capture with Fossil Fuels, by Justin Mikulka, DeSmog Blog, Nov 21, 2019. + New research from Stanford University professor Mark Z. Jacobson questions the climate and health benefits of carbon capture technology against simply switching to renewable energy sources like wind and solar. Carbon capture technology is premised on two possible approaches …

Getting off fossils sooner rather than later saves money

Jan-Feb 2021: ExxonMobil announced a $19.3 billion write-down this week – reducing the value of the assets on its books – a big hit to a company reeling from depressed oil and gas prices and a rapidly changing global energy market. The fossil fuel giant, however, may be understating the financial damage to its assets, according to a former ExxonMobil …

December highlights on cost of renewables, transition away from gas

Renewables are cheaper.  PV costs are $1.99/watt installed with no subsidies.  Zach Shahan (9/20): the average cost of a rooftop solar power system in the United States is $2.19/watt whereas Tesla is now offering rooftop solar power for $1.49/watt across the country. (Both prices are the price of an installed solar power system after taking into account the US federal tax credit for solar, which is 26% …

Cost of solar panels has fallen 89 percent in past decade and clean energy will be 95% of all new power generation. Global research team sets up database for emerging PV tech

Amazing stats from Al Gore – December 2020, NYTimes The cost of solar panels has fallen 89 percent in the past decade, and the cost of wind turbines has dropped 59 percent. The International Energy Agency projects that 90 percent of all new electricity capacity worldwide in 2020 will be from clean energy — up from 80 percent in 2019, when total global investment in wind …

Protect 30% of America’s lands and waters by 2030

S. Res. 372: The 30×30 Resolution to Save Nature Human survival depends on the natural ecosystems around us – for clean air and water, medicine, outdoor recreation, energy, food, economic growth, and more. Right now, the world is facing two dual, existential crises: the climate crisis, and a rapidly accelerating nature crisis. These crises are interconnected – and we cannot …

CO PUC required to use a social carbon cost of $46 per ton beginning in 2020 when evaluating new investments in utility resource plans: now for evaluating existing generation!

Minnesota and Washington apply the social cost of carbon in energy resource planning, while New York and Illinois use it to set payments to nuclear generators. Metrics were developed by a federal interagency working group from 2009 to 2016 and these guidelines remain the primary reference. Kevin Rennert, director of the Social Cost of Carbon Initiative at the Washington D.C.-based …

The growing concern over stranded assets

September 10, 2019, GreenBiz, by Joel Makower For years, the concept of “stranded assets” seemed largely hypothetical and abstract, a far-off concern of climate advocates and progressive investors that climate change could obliterate trillions of dollars of corporate value, if not turn assets into liabilities. As with so many climate-related topics, the hypothetical is rapidly turning into the hypercritical. Along the …

Widespread Electric Vehicle Adoption Would Save Billions of Dollars, Thousands of Lives

Aug. 17, 2020 — A new study found that if EVs replaced 25% of combustion-engine cars currently on the road, the United States would save approximately $17 billion annually by avoiding damages from climate change and air pollution. Widespread Electric Vehicle Adoption Would Save Billions of Dollars, Thousands of Lives.’ A new study found that if EVs replaced 25% of combustion-engine …

Start with cancelling student debt and making public colleges free: $3 or $4 dollar return on each dollar invested

We’ve seen a lot of progressive candidates build policies around free college. But it’s not just a progressive idea. The Republican-led government of the state of Tennessee created the Tennessee Promise, a program that makes certain schools free to attend for Tennessee residents. This is because for every dollar that a state spends on higher education, they get a 3 …

Central value in ultimate cost of carbon is about $100,000 per ton

The Universal Cost of Carbon applies over a different timescale than how the social cost of carbon has been calculated. Assuming that the climate impacts from fossil carbon use will persist much longer than any economic infrastructure that we use fossil fuels today to build, the UCC can be seen as a first approximation of our culpability to future generations, …