Facing coal plant closure, Minnesota provider seeks cleaner path

By Frank Jossi, Energy News Network

Facing the closure of a coal-burning plant that had been its main source of power for decades, a southern Minnesota utility recently unveiled an aggressive plan to develop renewable energy over the next decade. A mixture of necessity and market forces led Southern Minnesota Municipal Power Agency (SMMPA) to set a goal of reducing carbon emissions by 90% through generating more than three-quarters of its power from carbon-free sources by 2030. The agency’s largest source of electricity, the Sherco 3 coal plant, will close the same year. Read more here.

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Photo: The Stoneray wind farm in southwest Minnesota is part of Southern Minnesota Municipal Power Agency’s renewable energy portfolio.

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BUILDING A GLOBAL NET-ZERO ECONOMY

In a time of global uncertainty, now is the time to invest in a 1.5C futurecontributed by Lise Kingo, CEO & Executive Director, United Nations Global Compact, GreenBiz

There never has been a time like today for coming together to jumpstart a worldwide transformation towards a more inclusive and sustainable net-zero economy. This is the background for the largest United Nations-backed CEO-led advocacy effort, launched just a few days ago, urging world leaders to build net-zero climate targets into COVID-19 recovery plans and stimulus packages. Behind the statement are more than 160 CEOs of the world’s leading businesses, representing more than $2.4 trillion in market capitalization, led by the U.N. Global Compact and its partners in the Science Based Targets Initiative (SBTi).

ROCKY MOUNTAIN INSTITUTE PAPER & WEBINAR

Global Stimulus Principles: The Economy We Build Should Not Be the Same Economy We Decarbonize, by Ben Holland, Jake Glassman, Christian Roselund, Carla Frisch, Michael Banker

This paper outlines four core principles of stimulus and recovery efforts that should guide any global response to the COVID-19 pandemic. It also provides guidance for effectively integrating these principles into our efforts to rebuild, while setting us on a path toward a cleaner, healthier, more just, and more sustainable future. Learn more and download the paper here.

Upcoming Webinar: Green Stimulus and Recovery: A Path to Global Resilience, May 28th
at 12 pm CDT.
Hear from Rocky Mountain Institute CEO Jules Kortenhorst, alongside RMI Principals Carla Frisch and Uday Varadarajan, who will share four core principles of strategic stimulus and recovery for global responses to the COVID-19 pandemic and economic downturn that can simultaneously benefit the economy, the environment, and our communities. These principles derive from the first report in a series on stimulus and recovery investment that RMI will be releasing over the coming weeks. Learn more about these new principles and how they can be used to optimize decision-making in stimulus and recovery investments to move us forward on a path to global resilience.

WOOD MACKENZIE

The Right Coronavirus Recovery Could Make 2019 The Year of Peak Carbon, Greentech Media. There’s no better way to honor the lives lost than by making 2020 a turning point in the energy transition, writes Martyn Link, chief strategy officer at Wood.