By Ken Silverstein, Forbes
The Green New Deal is not an “abstract” idea. Globally economies are trending toward cleaner energies — efforts initiated by public demands, improved technologies and forward-thinking policies: The sponsors are compelled to accelerate the pace — to not just help impoverished communities but to also prevent environmental catastrophe. Think this wild-eyed? Think again. Wind costs have fallen by 67% since 2009 while utility-scale solar has dropped by 86% since that time, according to the financial adviser, Lazard.
“People have opinions about the economics of green energy investments based on a set of facts that are five years old,” says Trip Miller, managing partner at Gullane Capital Partners, in an interview. “And if you extrapolate out, we will get to the point where these energy forms just need battery technologies before they become pervasive.” Read more here.
Photo by Martin Tidbury / Flickr
- Investors managing $32 trillion in assets call for action on climate change, Reuters
- New Study: We can meet the Paris Climate targets for 1/3 the cost of CURRENT fossil fuel subsidies!, Green, Red 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.”
- 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.
- Corporations’ Hunger for Clean Power Has Never Been Bigger, Bloomberg
- 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.
- According to one survey, the Green New Deal has strong bipartisan support, with 92% of
Democrats and 64% of Republicans in favor of such a plan.
- Alexandria Ocasio-Cortez and Ed Markey’s Green New Deal Resolution (PDF)
ADDITIONAL RECOMMENDED READING
- Bloomberg touts impact of American Cities Climate Challenge, Smart Cities Dive
The 25 cities involved in Bloomberg Philanthropies’ American Cities Climate Challenge are projected to collectively cut 40 million metric tons of carbon emissions by 2025, according to a new analysis released by the foundation. That’s the equivalent of eliminating 10 coal plants. The $70 million challenge brings 25 cities into a two-year accelerator program, which will offer money and technical assistance for local efforts to fight climate change. The full cohort of cities was announced last month.
- Challenge Cities on Track to Beat Their Paris Climate Target, Natural Resources Defense Council