Solar power is big business!
In an article from PV TECH, I read that “The route to decarbonisation in the energy sector will create benefits of US$10 trillion every year by 2050, while requiring only US$1.8 trillion to implement, according to a new joint report from the International Energy Agency (IAE) and the International Renewable Energy Agency (IRENA).
In their first ever collaboration, IEA and IRENA found that a total of 6 million jobs would be created, even when accounting for jobs lost in other industries.
Further jobs will also be created in the energy efficiency sector. The report stressed that efforts on the transition need to be stepped up urgently to stay in line with the targets of the Paris Agreement.
IRENA director-general Adnan Z. Amin, said: “Critically, the economic case for the energy transition has never been stronger. Today around the world, new renewable power plants are being built that will generate electricity for less cost than fossil-fuel power plants. And through 2050, the decarbonisation can fuel sustainable economic growth and create more new jobs in renewables.”
“BP Plc (British Petroleum Public Limited Company) will invest $30 million in Fulcrum BioEnergy Inc., which makes biofuel from garbage, in a new partnership designed to curb airplane pollution. The London-based oil-producer also signed a 10-year deal to buy 500 million gallons (1.9 billion liters) of biofuel from Fulcrum’s North American plants, according to a statement by BP on Tuesday. BP will distribute the aviation fuel to planes through its unit Air BP Ltd., which sells about 7 billion gallons of aviation fuel annually.
Airlines facing pressure to clean up their pollution last month brokered a landmark deal in Montreal. Their accord created a global system that requires them to fund environmental initiatives from 2020 that may cost as much as $24 billion annually by 2035.” By Jessica Shankleman, Bloomberg, November 2016
Renewable Energy World, one of the leading publications in the RE business just ran an encouraging story about the RE market.
“Renewable energy accounted for the majority (50.5 percent) of new U.S. electrical generation put into service during the first 11 months of 2016, according to the latest issue of the Federal Energy Regulatory Commission’s (FERC) monthly Energy Infrastructure Update (with data through Nov. 30, 2016).
Combined, newly installed capacity from renewable sources (i.e., biomass, geothermal, hydropower, solar, wind) totaled 9,655 MW, surpassing that from natural gas (8,109 MW), nuclear power (1,270 MW), coal (45 MW), and oil (33 MW) combined.
The rapid growth of renewables — particularly solar and wind — has resulted in their seizing an ever-growing share of the nation’s total generating capacity. Five years ago, renewable sources cumulatively accounted for slightly over 14 percent of total available installed generating capacity; now they provide almost 19 percent (18.69 percent): hydropower, 8.53 percent; wind, 6.58 percent; solar, 1.84 percent; biomass, 1.41 percent; and geothermal, 0.33 percent.”
Story source: http://www.renewableenergyworld.com/articles/2017/01/renewables-provide-majority-of-new-us-generating-capacity-through-november-2016.html?cmpid=enl_REW_GEOTHERMALENERGYNEWS_2017-01-12
“The comprehensive energy bill adopted this week by the Massachusetts legislature includes a provision requiring the state’s utilities to enter into long-term contracts to purchase both offshore wind and hydropower by 2027.
In addition to the 1,600 MW mandate for offshore wind, utilities would have to purchase an additional 9.45 million MWh of power annually from new Class I resources and hydropower,” writes Jennifer Delony, Associate Editor of Renewable Energy World magazine.
This move toward clean energy will create jobs and help keep the environment livable.
According to a report released on May 25, 2016 by the International Renewable Energy Agency “more than 8.1 million people worldwide are now employed by the renewable energy industry — a five percent increase from last year.
The countries with the most renewable energy jobs in 2015 included China, Brazil, the U.S., India, Japan and Germany.
The solar PV sector remains the largest renewable energy employer worldwide, with 2.8 million jobs in manufacturing, installation and operations and maintenance.”
Way to go GREEN!
According to our friends at Renewable Energy Magazine, “Mayor Bill de Blasio, the Mayor New York City, has announced the launch of the NYC Clean Fleet – a comprehensive plan to create the largest electric vehicle (EV) fleet of any US city.
The Clean Fleet plan will cut municipal vehicle emissions in half by 2025 – and 80 percent by 2035 – and serve as a model for the private sector and other 21st century cities in fighting climate change.
The project is the latest in a series of ambitious but necessary climate initiatives outlined in the Mayor’s OneNYC plan which sets a long-term goal of reducing all greenhouse gas emissions across New York City by 80 percent by 2050. Currently, the transport sector accounts for nearly one-quarter of citywide greenhouse gas emissions.”
From Renewable Energy Magazine’s 12/02/2015 issue: http://www.renewableenergymagazine.com/article/new-york-city-mayor-launches-the-largest-20151202
Which states are leading the US in using 100%Renewable Energy?
An article in the 9/18/15 issue of Renewable Energy News lists Aspen, Colorado as the third US municipality to source all its energy requirements from renewable sources,
joining Burlington in Vermont and
Greensburg in Kansas.
Way to go folks, you are demonstrating that not only it CAN be done, but that it SHOULD be done in all US cities.