Nature: A wasted decade of climate inaction shows us that incremental shifts that might have been sufficient at one time are no longer enough. A rapid shift with 4x the work or a third the time is necessary now. Some have stopped fossil fuel production and exploration, but not US

04 March 2020, Nature. Emissions: world has four times the work or one-third of the time: New synthesis shows what a wasted decade means for the climate pact made in Paris. Nature 579, 25-28 (2020) doi: https://doi.org/10.1038/d41586-020-00571-x, https://www.nature.com/articles/d41586-020-00571-x The past decade of political failure on climate change has cost us all dearly. It has shrunk the time left for action by two-thirds. …

Emissions are still rising. Global fossil fuel use is similar to a decade ago.

Reuters, June 2021: https://www.reuters.com/business/environment/global-fossil-fuel-use-similar-decade-ago-energy-mix-report-says-2021-06-14/  The share of fossil fuels in the world’s total energy mix is as high as a decade ago, despite the falling cost of renewables and pressure on governments to act on climate change, a report by green energy policy network REN21 showed in its  Renewables 2021 Global Status Report Fossil fuel use has persisted amid rising …

As legislature reconvenes, Illinois is poised to become the first state in the Midwest to ban coal-burning power plants

By MICHAEL HAWTHORNE CHICAGO TRIBUNE | JUN 15, 2021  Illinois, one of the nation’s largest producers of coal, is on the verge of becoming the first Midwest state to ban energy companies from burning the lung-damaging, climate-changing fossil fuel to generate electricity. The end of gas-fired power might not be far behind. Phasing out the combustion fuels — coal by 2035 and …

G7 agrees to stop international funding for coal

In climate push, G7 agrees to stop international funding for coal Reuters | Elizabeth Piper and Markus Wacket The world’s seven largest advanced economies agreed on Friday to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets. Stopping …

$90 billion in stranded costs possible from coal plant closures: Securitizations spur ratepayer protection debate

Securitization allows utilities to offer long-term bonds to investors to pay off short-term debt. Securitization can ease impacts of stranded asset costs and extreme weather losses, but bankers and regulators agree that customer costs need oversight. Herman K. Trabish Feb. 22, 2021, Utility Dive Securitization is a financial tool that can reduce utility debt with low interest bonds secured by ratepayers, and …

More than half of the country’s coal fleet can be retired and replaced with renewables without compromising reliability reserve margins

March 2021, RMI in PV Magazine New reports from RMI offer ways to rapidly decarbonize the U.S. power system while also maintaining reliability. The first report, Cutting Carbon While Keeping the Lights On, said that more than half of the country’s coal fleet can be retired and replaced with renewables without compromising reliability reserve margins. RMI, formerly Rocky Mountain Institute, found that 27% …

Coal supply issue – news

Closures, more volume declines hitting Powder River Basin coal region in U.S., S&P Global Market Intelligence, February 9, 2021. Production in the country’s largest coal-producing basin fell 22 percent in 2020, and two of the region’s largest producers indicate that 2021 may not be much better. Judge orders US officials to weigh coal mine’s climate costs, AP News, February 4, …

Mississippi regulators force Mississippi Power to close unneeded coal and gas plants

By Daniel Tait | February 23, 2021 | Tags: Georgia Power, Mississippi Public Service Commission, Plant Daniel, Plant Greene, Plant Watson | URL: https://wp.me/p7hDYu-4Xa Mississippi regulators force Mississippi Power to close unneeded coal and gas plants Mississippi regulators are forcing Mississippi Power to shutter as many as 950 megawatts of uneconomic and unneeded legacy coal and gas plants by the end …

Hail, America’s most under-rated climate risk has expanded footprint across the country + ‘staggering increase in heat deaths’. Fossil fuel and coal downturn

Hail! It’s America’s most underrated climate risk, Atlantic, February 9, 2021. (See bottom of this post) Wisconsin researchers in a new study find that over the last 40 years hail has expanded its footprint across the country and has become more frequent in the so-called Hail Alley stretching from Wyoming to Texas. Study: Warmer weather will increase flooding in the Columbia River Basin this …