IEA has reported their latest analysis and forecast on the coal sector for the years 2019-2024, and their assessment has some sobering takeaways. They find that although coal use has declined in the US and Europe, increases elsewhere have kept global demand on a slight increasing trend. Looking towards future, they write: “Over the next…
Buzz grows about the National Climate Bank Act
Smart Cities Dive: House Dems Introduce Legislation to Create a National Climate Bank. “The smaller banks can help target investment in certain communities that need it, but the national bank would help mobilize investment on the necessary scale — and faster than the private sector could, CGC Executive Director Jeffrey Schub told Smart Cities Dive.” Utility Dive:…
Rep. Debbie Dingell Introduces Bill to Create a $35 Billion National Climate Bank to Finance the Clean Energy Transition
Congresswoman Debbie Dingell (MI-12) and co-sponsors today made a critical move in the battle against climate change by introducing the National Climate Bank Act of 2019. The National Climate Bank created by the bill will use public capital to stimulate private investment in a range of projects to reduce greenhouse gas emissions and accelerate the…
John Kerry op-ed points to clean energy possibilities
In a new op-ed in the New York Times, John Kerry and Ro Khanna make the case for stronger clean energy investment to compete with China. They write: Today we have 2.3 million clean energy jobs. A national strategy focused on winning the clean energy race can create millions of new jobs, considering solar panel…
Planetary Indicators Send Warning on Climate Change
A New York Times piece from this week provides a comprehensive overview of recent findings underscoring the urgency of action to fight climate change, and the severity of the impacts we already face. Since the rise of industry in the second half of the 19th century, when widespread emissions of greenhouse gases began, the world…
A Small Correction
By Reed Hundt. This is a quote from a New York Times opinion piece: If oil consumption is to drop globally, we need to drive fewer miles in more fuel- efficient cars, most of them powered by renewable electricity. It is not quite right. We will drive approximately the same number of miles. That’s not…