"But other factors disproportionately affect certain types of projects. Smaller projects often have shorter licensing timelines, but, because they bring in less revenue, the costs hit them harder than larger, more profitable projects. And, because older projects can continue to generate income while seeking a relicense, the costs are less burdensome for them than for new projects, which cannot start construction or operation until they have their license in hand."
"The aim is to funnel the alliance’s collective $130 trillion in assets (representing 40% of the world’s capital) into projects that help the globe reach the target set out by the Paris agreement of limiting warming to 1.5 degrees Celsius."
Removing government barriers will empower the private sector to build back faster, cleaner and more efficiently while maintaining environmental safeguards.
The entire piece is worth a read. Several other pieces, including our own, have similarly argued that doomist attitudes not only fail to follow the science but can often be very counterproductive.
"Methane has a higher heat-trapping potential than CO2 but it breaks down in the atmosphere faster, meaning deep cuts in methane emissions by 2030 could have a rapid impact on slowing global warming."
"GAF Energy also touts the fact that it assembles and partially manufactures its shingles at its facility in San Jose, California. While the company imports its PV cells from Thailand, it believes that having some domestic manufacturing is advantageous."
"There’s no getting around it. Europe’s energy crisis is a failure of policy and a clear case study of the danger of disassembling the stability that comes with fuel diversity in a misguided, rushed and irresponsible approach to the energy transition. The warning for American energy and climate policy is impossible to miss. Whether policymakers learn the right lessons remains to be seen."
"Officials say the feeding program involving donated romaine lettuce at a Florida Power & Light plant on the east coast is attracting about 300 to 350 manatees per day. It’s been as many as 800 manatees at times, sometimes less than 60 as they move around the waterways."
"Here’s the good news: we can build cleaner and faster while keeping first-in-class environmental standards. It can be done. In fact, this construction must be done to meet this moment and face the climate crisis head on—and get clean power onto the grid."
"We can support further development of renewables in Europe and America, and we must continue investing in research and development for innovative technologies, not just for our country, but to export to our allies to help them lower global emissions. In the meantime, we must be practical; renewables are not yet advanced enough without long-term energy storage capabilities. We should be investing in all homegrown energy sources today for tomorrow’s use."
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