"Supporters of using carbon credits, which include influential climate advocacy groups such as the Bezos Earth Fund, the Rockefeller Foundation and multinational banks tasked with financing economic development, say the two-year long effort to improve standards can make these credits a key source of desperately needed funds for decarbonization efforts in Africa, Latin America and South and Southeast Asia."
"The shortfall is in part because of the permitting process for mining companies. The average time between discovering a new copper mineral deposit and getting a permit to build a mine is about 20 years, according to Simon."
"The new facility will store excess electrical energy during production and distribute it to customers when needed. The project will reduce strain on the grid and regulate power generation in sync with fluctuating demand, the company said."
"Perhaps EVs are the future of transportation. If so, consumers will adopt them by choice over time, and the necessary infrastructure will be developed in due course, just as it was for automobiles a century ago. But putting the mandated EV cart before the charging infrastructure horse is a prescription for an expensive policy that is doomed to fail."
"TerraPower’s design has another unique feature. Most reactors can’t easily adjust their power output, making it hard to mesh with fluctuating wind and solar farms. TerraPower’s reactor will have a molten salt battery that allows the plant to ramp up or down as needed."
"Porter said the insurance industry is hurting in part because of inflation's impacts to construction costs. With climate change altering the frequency and severity of extreme precipitation that leads to flooding, inflation can make repairs more costly."
"Commodities such as cobalt and nickel are regularly scrutinized for the ways they are mined. Most of the world’s cobalt is found in Congo, where an estimated 10% comes from 'artisanal' sources, according to the U.S. Geological Survey. The artisanal sector, often described as barefoot miners, is made up of some of the world’s poorest workers, with reports of children being regularly used to mine battery metals."
Policymakers can help the U.S. meet future demand by streamlining permitting and reducing project delays.
"Helion is racing to deliver on that breakthrough. The company has raised $612 million in venture capital, with the promise of $1.8 billion of additional funding getting unlocked if deadlines are met. It has also received $8.97 million in federal grants."
"Despite the setback on combustion emissions, the overall emissions intensity of Permian energy production fell considerably. Methane intensity of gas extraction fell by 78 percent, and overall greenhouse gas intensity fell by 47 percent. In short, the Permian is producing far more gas and oil than it was seven years ago, but it’s doing so in a more carbon-efficient manner, which has prevented methane and carbon emissions from rising at the same rates as production."
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