Headline News:
- “Key Trends To Disrupt The US Renewables Market In The Next Six Months” • A Deloitte study examines the key trends, challenges, and opportunities that may affect the US renewable energy industry in the second half of 2020. Despite the Covid-19 pandemic, the US renewable energy industry’s long-term growth trajectory appears intact. [Smart Energy]
Wind turbines in California’s Imperial Valley (Phrankiephotog, Wikimedia Commons)
- “Fossil Fuel Companies Are Losing Value Globally” • A paper published by the Australia Institute details how fossil fuels are the worst-performing sector on the ASX 300 and have been for the past decade. $100 invested in the S&P ASX 300 Energy Index back in 2010 was only worth $104 by January 2020. It dropped to $51 with COVID-19. [CleanTechnica]
- “Trump Weakens Environmental Law To Speed Up Infrastructure Projects” • President Trump has announced alterations to a landmark environmental law, in a controversial move to allow projects to go ahead with less oversight. Mr Trump touted changes to the National Environmental Protection Act as a “historic breakthrough.” [BBC]
- “FERC Data Shows Fossil Fuels Are Failing” • Currently the Federal Energy Regulatory Commission has four commissioners, all Trump appointees. They have been seen as pushing a fossil fuel agenda. Nevertheless, for the first time, FERC is projecting a net decline of US fossil fuel generating capacity over the next three years. [Green Energy Times]
- “Biden Plans Massive Electric Car Push” • Details about Joe Biden’s environmental plans are beginning to emerge, and they include a massive push for electric cars and trucks. According to Car and Driver, part of the plan is a program that offers financial incentives for Americans to trade in their gas guzzlers, replacing them with efficient EVs. [CleanTechnica]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.
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