Biden Climate Plan. The former Vice President is out with his climate plan and it is definitely influenced by the large field moving towards decarbonization much faster than was expected just a few years ago. Biden’s plan calls for net-zero by 2050 and calls the Green New Deal a crucial framework. Note that this is pushed forward as Biden is slipping in the polls and chose to skip the California Democratic convention. There is also late comment about and apology from the campaign regarding lack of citations around the policy document which apparently failed to acknowledge some sources.
A Frustrating Job. The chairman of the CPUC, an incredibly interesting and important job, is stepping down from the commission. This comes ahead of the wildfire related decisions that need to happen this fall. When interviewed about the job, Picker said it wasn’t the worst job he’s ever had but it is the most frustrating. Bureaucracy will do that to you!
Solar Investor Buys Utility. JP Morgan’s Infrastructure Investment group, which is the same team that acquired Sonnedix, has acquired the El Paso Electric Company for over $2billion.
Solar Powered Beer. Anheuser Busch is entering into an agreement to buy energy from a 222MW solar farm in Texas developed by Recurrent Energy, the division of Canadian Solar. The project, coupled with a smaller project, is also entering into a 15 year contract with Energy Transfer Partners who explicitly said that cost was a motivating driver. ETP will reach 20% of its energy use from renewable sources.
Kids Go To Court. After the Supreme Court kicked the kid climate suit back to the 9th circuit, the kids and the US Government went back to court. The Government’s case is ridiculous, in my opinion. For without clean air and water, kids in America will not have their right to Life, Liberty and the Pursuit of happiness.
- Axios: Biden’s climate plan aims for “net-zero” emissions by 2050
- San Francisco Chronicle: California Public Utilities Commission President Michael Picker to step down
- Bloomberg: A JPMorgan Fund Making Its Biggest Utility Bet Yet With El Paso
- Fast Company: Anheuser-Busch will hit its 100% clean electricity goal 4 years early. Here’s how
- Washington Post: Government argues for halt to youth climate lawsuit, saying there is no constitutional right to a stable climate
- Greentech Media: US Storage Market Sets Power Capacity Record With Q1 Deployments
- Rocky Mountain Institute: Meeting the State’s Growing Energy Needs With a Clean, Resilient Energy Supply
- Utility Dive: California regulators weigh actions to expand storage, demand response roles in state’s grid
Opinion
Have a great day!
Yann