Getting climate, energy & environment news right.

Full Expensing is a Pro-Growth, Pro-Environment Policy
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Full Expensing is a Pro-Growth, Pro-Environment Policy

With the crafting of a reconciliation package in full swing, the fate of the Inflation Reduction Act (IRA) hangs in the balance. Much of the discussion in Washington has centered on what will happen to the energy tax credits. In a new paper, we outline how full expensing is a pro-growth, pro-environment policy that doesn’t pick winners and losers. 

AI economic gains likely to outweigh emissions cost, says IMF
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AI economic gains likely to outweigh emissions cost, says IMF

Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday. An IMF report released at its annual spring meeting in Washington nonetheless noted that those output...

California’s Fuel Industry Is Shrinking
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California’s Fuel Industry Is Shrinking

California will see almost one-fifth of its crude-processing capacity vanish in the next 12 months as two key refineries quit the business of turning oil into fuels. Valero Energy Corp. and Phillips 66 plan to idle a combined 284,000 barrels of daily refining capacity by this time next year, moves that will squeeze the perennially tight motor-fuels...

Google signs first offshore wind power deal with CIP in Taiwan
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Google signs first offshore wind power deal with CIP in Taiwan

Google has announced the signing of a power purchase agreement (PPA) with Copenhagen Infrastructure Partners (CIP) to procure renewable energy from the upcoming Fengmiao 1 wind farm in Taiwan. The agreement marks Google’s first offshore wind PPA in Taiwan and the Asia-Pacific region. It will enable Google to secure cost-effective and carbon-free electricity to meet the...

Hydrogen: The Next Texas Energy Frontier
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Hydrogen: The Next Texas Energy Frontier

Texas is proud to be the energy capital of the world, producing nearly half of American crude oil and more wind and solar than any other state.  Today, Texas is poised to dominate yet another new renewable energy source: hydrogen. This new energy frontier has the potential for billions of dollars in economic and environmental benefits for...

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