Politico: The oil industry vs. the electric car
“Oil-backed groups have challenged electric companies’ plans in 10 states, according to utility commission filings reviewed by POLITICO, waging regulatory and lobbying campaigns against the proposals. The showdown is taking place as utilities, eager to increase the demand for power, push for approval to build charging networks in locations such as shopping centers and rest stops in more than half the nation.”
Axios: Green companies can’t save the planet
“The announcements by 2 of the world’s biggest companies are stark signs that corporate giants are getting more aggressive about climate change.. [But] Corporate commitments won’t change the underlying trend of global carbon emissions on track to bring warming that blows past the Paris Agreement’s temperature goals.”
AP: Virginia governor sets renewable energy goal: 100% by 2050
“The order from Northam, a Democrat, directs the leaders of several state agencies to develop a plan by next summer for meeting the goal. It sets an intermediate goal of powering 30% of the state’s electric system by 2030 and says the Commonwealth’s agencies and executive branch will aim to procure at least 30% of their electricity from renewable resources by 2022.”
“The plan includes more than 220 turbines located 27 miles off Virginia Beach in a 112,800-acre area Dominion leases from the U.S. Bureau of Ocean Energy Management (BOEM). The project would come online in three state jurisdictions, beginning in 2024.”
Utility Dive: New York advances toward 3 GW storage goal with 316 MW project to replace gas peakers
“The completion of the phases will replace 16 units of existing gas peaker generation on the state’s electric system… Democratic Gov. Andrew Cuomo announced a Market Acceleration Bridge Incentive Program in April to ensure the deployment of energy storage.”
Climate Home: Only one-fifth of climate finance going to adaptation, finds OECD
“The OECD report analysed progress made towards commitments by developed countries to mobile $100 billion a year in climate finance by 2020 to help developing countries green their economies and cope with climate impacts. Analysis of financial data up to 2017, found that the total climate finance mobilised by rich countries reached $71.2 billion, up from $58.6bn in 2016.”
Euractiv: EIB begins metamorphosis into climate bank
“European Investment Bank (EIB) directors will begin discussing on Tuesday (10 September) an updated lending policy which could see the EU bank stop funding fossil fuel projects… Incoming Commission President Ursula von der Leyen has pledged to partly turn the EIB into a climate bank, although details on what that would involve remain vague, less than two months before the start of her mandate.”