By Karel Beckman, Red, Green and Blue
The Leonardo DeCaprio Foundation has a new study out that shows it would take approximately $1.7 trillion per year globally to meet the Paris Climate goals and avoid climate change disaster. [Director of Innovation at the Leonardo DiCaprio Foundation] Karl Burkart notes that this amount “pales in comparison to the vast subsidies governments currently provide to prop up the ailing fossil fuel industry, estimated at more than $5 trillion per year by the International Monetary Fund (IMF). Taxpayers are unwittingly funding the climate crisis, and that needs to stop.” Read more here.
MORE CLIMATE NEWS
- Americans Increasingly Say Climate Change Is Happening Now, Inside Climate News
A national survey has been asking the question for a decade. Now, researchers say the country may have reached an inflection point on the urgency of climate change.
- Illinois Latest State To Join U.S. Climate Alliance, WSIU, Wisconsin Public Broadcasting
Illinois is the 4th leading state in the country for coal production, according to the U.S. Energy Information Administration.
SEIA NEWS RELEASE
Solar is the Future of American Energy
Declaring the 2020s the Solar Energy Decade, SEIA’s President & CEO Abby Hopper made a mark at the United States Energy Association’s 15th Annual State of the Energy Industry Forum.
CORPORATE RENEWABLE ENERGY NEWS
Corporations’ Hunger for Clean Power Has Never Been Bigger, Bloomberg. Facebook is now the largest corporate buyer of clean power. Image: Facebook Data Center under construction in Papillion
- Bloomberg, Gap, Salesforce Join Others to Spearhead Novel Small-Scale Solar Deal, Greentech Media. Small-capacity renewable energy aggregation deals should open the market to more corporate offtakers.
- Why Disney World Is Betting On Clean Energy, by Jake Hiller, Contributor, Forbes
ENERGY INFORMATION ADMINISTRATION
America’s Energy Future: What the Government Misses in Its Long-Term Outlook and Why It Matters, Inside Climate News
The U.S. government’s new long-term energy outlook paints a picture of the future that few utilities and energy analysts actually expect to see. It underplays how rapidly coal will retreat from the market and fails to grasp the scale of growth for renewable energy compared to utilities’ plans and analysts’ expectations.
From the editor: EIA versus the future, by Christian Roselund, PV Magazine
EIA’s short-term forecasts have been generally thoughtful and informative. But when we start to look beyond a few years, EIA’s projections start to lose their credibility, and the assumptions that they make become increasingly problematic.
GREEN NEW DEAL
Economic Reasons For The Green New Deal — The Numbers Speak For Themselves, by Carolyn Fortuna, CleanTechnica. I’ve been participating in Sunrise Movement trainings to raise awareness of the Green New Deal and to motivate Congress to take significant action
toward 100% US renewable energy within the decade. Surrounded by a mass of college kids with a spattering of we older folks, I’ve been immersed in strategizing so that we can more effectively fight at the local and national levels to make the Green New Deal a reality.
A 3-part theory of change that mobilizes millions, elects a critical mass of supportive public officials, and builds a new peoples’ alignment that advances a shared agenda for society is underway here, folks. And, should you have questions about whether a bunch of kids and an idealistic vision to restructure the way energy is done in the US is practical, just look at the numbers. More than anything, there are significant economic reasons to implement a Green New Deal.