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Legislation will Give Power Producers Tools to Reduce CO2, While Maintaining Affordable Electricity and a Resilient Grid

Legislation will Give Power Producers Tools to Reduce CO2, While Maintaining Affordable Electricity and a Resilient Grid
energycentral.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energycentral.com Daily Mail and Mail on Sunday newspapers.

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President Biden talks tough about winning on green energy. But China is already ahead in one critical area.


President Biden talks tough about winning on green energy. But China is already ahead in one critical area.
By Cara Korte
Experts: Biden s tough China stance damaging
When speaking about competition with China, President Joe Biden can sound as if he s taken the mic at a pep rally.
They think they re gonna win. Well I got news for them, they will not win this race. We can t let them, Mr. Biden said during his remarks Tuesday at the Ford Rouge Electric Vehicle Center in Dearborn, Michigan. 
The race is the competition to produce green energy technologies. Global superpowers are vying to dominate the critical minerals market the raw materials such as copper, nickel, lithium, zinc and rare earth elements that are the building blocks of this century s energy sector. These minerals are used in electric vehicles, solar panels and wind turbines, as well as smartphones, robotics and military equipment.  ....

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INTERNATIONAL: As coal retreats, climate finance battle targets gas


Published: Monday, May 17, 2021
Coal miner in China. Photo credit: China Photos/Getty Images
A coal worker in China. Global financiers are turning away from coal projects, but not natural gas power plants. That could challenge global climate goals.
China Photos/Getty Images
Major energy financiers are backing away from future coal projects as pressure grows to meet global climate targets. But investments in natural gas continue to rise, stirring debate about whether the world is shifting away from fossil fuels fast enough to prevent dangerous warming.  
Abandoning coal is becoming common as nations like South Korea, a major coal funder, commit to halting investments in overseas projects. The United States released an international climate finance plan at a White House summit last month saying it would stop funding carbon-intensive projects in other countries and increase investments in climate-friendly activities.  ....

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