Below are G.E.T.’s top picks from NY-GEO’s weekly “Just-In” Newsletter. Just In! features three fresh news item summaries on the NY-GEO home page every Monday. NY-GEO members get the full newsletter, which includes an advanced look at the website articles, plus event listings and job openings and several bonus article summaries with links, usually on the Saturday before website publication.
Climate Action Council Draft Scoping Plan is Coming – The NY Climate Action Council plans to adopt its draft scoping plan to cut NY’s greenhouse gas emissions by the end of the year. At its October 14th meeting the Council received a huge upload of information as part of NYSERDA’s integration analysis of advisory panel recommendations. A key takeaway is that the net health and carbon reduction savings from the recommendations range from $80 to $140 Billion. Coming up, the Council will be examining carbon pricing as well as a sensitivity analysis that, among other things, will explore how the relative mix of air source and ground source heat pumps will impact the electric grid and future electricity bills. The next full meeting of the Council is scheduled for November 16th.
Data Dive: Clean Energy vs. Oil Majors – from CleanEdge.com. – During the three-year period examined, all of the Clean Energy Leaders experienced growth in their market capitalizations, whereas the Oil Majors all declined. Tesla, which expanded from $45.2 billion in 2018 to $773.5 billion in 2021, now surpasses all five Oil Majors in total market capitalization. NextEra Energy’s 2021 market cap of $153.7 billion, up from $79 billion in 2018, exceeds that of Total and BP. Iberdrola grew from $46.5 billion in 2018 to $62.1 billion in 2021. Ørsted and Vestas, both based in Denmark, nearly doubled and tripled their market caps, respectively. Ørsted began at $28.5 billion and grew to $55.6 billion, while Vestas’ market cap was $13.5 billion and expanded to $40.3 billion. Article here.
October 17th is World Geothermal Day – Organized around publicizing local events and projects, this effort aims to get the word out about all types of geothermal energy – electricity production, heat pumps etc. See here for more.