Getting climate, energy & environment news right.

Could carbon credits be Africa’s next big export?
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Could carbon credits be Africa’s next big export?

"KOKO hints at why there is excitement about carbon markets. The African Carbon Markets Initiative (ACMI), a UN-backed consortium, reckons that Africa uses just 2% of its annual carbon-credit potential; it aims for Africa to sell $100bn worth of credits a year by 2050. Even a fraction of that would be a boon for a continent where annual foreign direct investment has never surpassed $80bn. William Ruto, Kenya’s president, calls carbon credits an “unparalleled economic gold mine” and his country’s “next significant export”. Yet, as is often the case with Africa and its natural resources, things could go wrong."

Clean hydrogen is driving the next Gulf Coast energy boom
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Clean hydrogen is driving the next Gulf Coast energy boom

"Over in southern Mississippi, Hy Stor’s vision operates on a similarly grand scale. The company, with just a dozen full-time employees, has acquired rights to nearly 70,000 acres across several counties in a state with almost no renewable power installed today. In just the first phase, Hy Stor will add around 2.7 gigawatts of electrolyzers, powered by twice that capacity of onshore wind, solar and geothermal. This off-grid design ensures that the hydrogen will be clean, a commitment that attracts customers who are serious about decarbonization, CEO Laura Luce told me."

Paging AOC: Free Economies Result In Better Environments
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Paging AOC: Free Economies Result In Better Environments

"A sweeping new study, Free Economies are Clean Economies, released yesterday by the Conservative Coalition for Climate Solutions calls into question the climate policy orthodoxy espoused by progressives that relies on the heavy hand of regulation, higher taxes, central planning, and eliminating entire industries that are critical to the prosperity of our nation. The report confirms that, to tackle climate change, relying on markets and innovation is the more promising approach."

Energy prices threaten Mass. offshore wind project
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Energy prices threaten Mass. offshore wind project

Heather Richards writes in E&E News about an offshore wind project that is being threatened by high energy prices. “A Massachusetts offshore wind farm says it may not be viable without changes to a power contract with the state, citing escalating global energy costs and a supply chain crisis that could chill the fledgling market...

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