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President Biden celebrated Earth Day by announcing his Administration’s goal to decrease CO2 emissions by 50-52% from a baseline of 2005 by 2030. While that undoubtedly is an aggressive goal, remember that the prior Paris Accord commitment was to reduce CO2 emissions by 26-28%. The real commitment is an additional 24% reduction from 2005. Coal unit retirements alone are projected to meet the initial Paris 26-28% CO2 reductions. Additional coal retirements and fuel switching to natural gas should achieve a large portion of the President’s additional commitment. While not yet a complete replacement for coal and natural gas electricity generation, 39.7 gigawatts (GW) of new electricity generating capacity will start commercial operation in 2021, reference a
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The pace of regulatory and legislative developments in climate change and renewable energy over the past few years has been dizzying. With a new US presidential administration now focused on energy issues, examples set from forward-thinking states, and recent lessons learned on the importance of grid stability, here are some of the expected federal actions aimed at achieving energy goals in the “new abnormal.”
BIDEN-HARRIS ADMINISTRATION
President Joseph Biden had announced as a candidate that climate change was going to be one of his administration’s top priorities. That has proven to be true after he took office. Between executive orders issued during his first week in office and the Earth Day climate change summit that brought together world leaders to share how they are addressing climate change efforts in their countries, the Biden-Harris administration is taking significant steps to create a comprehensive app
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