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Low carbon generation set to meet electricity demand growth – IEA

Smart Energy International

The IEA’s Electricity 2024 report records electricity demand growth easing in 2023 but is projected to accelerate over the next three years through 2026. To meet the IEA’s net zero by 2050 pathway, the share must near 30% in 2030 and thus electrification needs to accelerate rapidly, the Electricity 2024 publication states.

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Renewables overtake fossil fuels in 2020 as Britain's power grid enjoys 'greenest year' yet

Business Green

Wind and solar alone generated around 30 per cent of Britain's electricity in 2020, while biomass provided seven per cent, and hydropower made up 1.6 Nuclear power, meanwhile, provided 17.5 per cent of Britain's power last year, while imports accounted for just under seven per cent.

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? 2023’s Most Headliney-Headlines #178

Climate Tech VC

Look forward to 2024 predictions from many of your favorite clairvoyant climate voices. Climate tech venture capital dropped 40% in H1’23 but climate-focused funds have still been steadily stacking the green, with at least $33B of investable dry powder ready to deploy in climate tech startups.

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After Pandemic, New York’s Buildings Face Daunting Decarbonization Mandate

GreenTechMedia

Owners of noncompliant buildings face the prospect of multimillion-dollar annual fines beginning in 2024. “Mandatory audits, by themselves, create an insufficient incentive to invest in energy efficiency at the scale needed to meet citywide carbon-reduction goals,” wrote the co-authors. percent for office buildings.

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The 5 Biggest US Utilities Committing to Zero Carbon Emissions by 2050

GreenTechMedia

Southern’s 44 GW of generating capacity is 52 percent natural gas, 13 percent coal, 17 percent nuclear and 12 percent renewables. Southern aims for 14 GW of renewable resources by 2024 between its utilities and Southern Power on its way to cutting carbon emissions by 50 percent by 2030. Public Service Enterprise Group.

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Solar, Wind Tax Credit Extensions and Energy R&D Package in Spending Bill Before Congress

GreenTechMedia

Developers in the space are concerned that the coronavirus pandemic’s impact on the economy will depress demand for tax equity investments, as banks and financial institutions will have less appetite for credits to offset tax liabilities in a year when profits were depressed. The massive spending bill awaiting passage by the U.S.

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Duke Energy Will Play ‘Pivotal Role’ in North Carolina Clean Energy Debate, CEO Says

GreenTechMedia

Duke Energy’s $58 billion capital plan through 2024 is already heavily weighted toward decarbonizing its generation fleet as part of its pledge to reach net-zero carbon emissions by 2050 , CEO Lynn Good said during Thursday's earnings conference call. Bipartisan promise for infrastructure investments and regulatory reform.