Headline News:
- “Biden’s Climate Targets Are Possible Without Clean Energy Program, But Will Need Tax Credits And Regulations” • Even if Democrats’ cornerstone climate policy is stripped out of their budget bill, an independent analysis estimates President Joe Biden can still meet his climate goals. But it would take decisive action and regulations. [CNN]
Offshore wind farm (Bob Brewer, Unsplash)
- “West Virginia’s Reliance On Coal Is Getting More Expensive, And Joe Manchin’s Constituents Are Footing The Bill” • In West Virginia, 89% of the electricity comes from coal, compared to just 19% nationwide. But coal is now more expensive than renewables or natural gas, whose prices have fallen greatly. West Virginia’s ratepayers are footing the bill. [CNN]
- “Company Announces First-Of-A-Kind $3 Billion Renewable Hydrogen Project” • The Mississippi Clean Hydrogen Hub would use new arrays of solar panels to generate electricity, which in turn would power electrolyzers that split hydrogen from water molecules. The green hydrogen would be stored in underground salt caverns for later use. [E&E News]
- “Oil, Coal, And Gas Got $5.9 Trillion In Subsidies In 2020 – IMF Report” • The latest analysis by the International Monetary Fund says the fossil fuel industry received $5.9 trillion in direct and indirect subsidies in 2020. That’s up from the $2 trillion the IMF estimated in 2014. The figures include intangibles such as tax breaks, but also societal costs. [CleanTechnica]
- “UK Unveils Its Net Zero Strategy With Pledges For Guilt-Free Flying, Electric Cars And More Trees” • The UK government unveiled its roadmap to reaching net zero emissions by 2050, putting new funds behind electric vehicles, sustainable aviation fuel, and forests as carbon sinks, while boosting the role of nuclear in its energy transition. [CNN]
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