E&E News: Study: Northeast clean energy plans inadequate to meet climate goals
“New England’s six states are falling short of the low-carbon energy deployment needed to reach their shared 2050 climate goals, according to a new analysis from the Brattle Group. By midcentury, every state in New England aims to cut greenhouse gas emissions by at least 80% over 1990 levels.”
Axios: Why the Northeast Carbon Pricing System Matters
“The report underscores how carbon pricing can raise substantial revenue for initiatives that help reduce emissions, even if the CO2 prices themselves are too low to directly cause changes in the power mix.”
Reuters: World’s largest banks lagging in sustainable finance: report
“Despite pressure from activists, investors and governments, the majority of world’s 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue to finance fossil fuels, according to new findings by the World Resources Institute released on Thursday.”
The New York Times: Oil Companies Ponder Climate Change, but Profits Still Rule
“We have yet to see their capital spending match their words and reflect a recognition that they need to embrace the transition,” said Fred Krupp, president of the Environmental Defense Fund, which has worked with the industry to reduce greenhouse gases.
AP: Minnesota Legislature considers ‘Clean Energy First’ policy
“Senjem’s bill says the PUC would only be able to approve new fossil-fuel power if the utility is “unable affordably and reliably” to meet its power needs with new clean energy. It would also update definitions of clean energy to include energy storage systems and power-efficiency technology.”
Reuters: U.S. Democratic presidential contender Warren vows to pursue ‘environmental justice’
“She said she would direct one third of her proposed climate investment – at least $1 trillion – to vulnerable communities over a decade and would require all U.S. agencies to consider climate impacts on such communities when making decisions on permits and rules.”