November 11 Green Energy News

Headline News:

• “Coastal Saltmarsh ‘Engineered’ To Fight Climate Change” • Re-flooding coastal wetlands could provide an opportunity to “work with nature” and use sea level rise to fight climate change, scientists say. An ongoing study of a coastal marsh in Scotland that was was restored in 2018 has shown the potential to lock carbon emissions into mud. [BBC]

Salt Marsh (JD Doyle, Unsplash)

• “Financial Markets May End Up Killing Off Fossil Fuels Before Governments Do” • An interesting email from Bloomberg Green discusses how the cost of capital is going up for fossil fuels and down for renewables. The concluding sentence goes like this: “Markets may end up killing off fossil fuels before governments do.” Why is that? Let’s dig into it. [CleanTechnica]
• “US Oil Companies Are In No Rush To Solve Biden’s Gas Price Problem” • Gasoline prices have surged to seven-year highs and Wall Street banks are warning that $100 or even $120 oil is on its way. But US oil companies are in no rush to come to the rescue, leaving the White House facing pressure from its own party to intervene in energy markets. [CNN]
• “US Electricity Customers Experienced Eight Hours Of Power Interruptions In 2020” • On average, US electricity customers had just over eight hours of electric power interruptions in 2020, the most since collecting electricity reliability data began in 2013. The high number is due to high numbers of major events. Other interruptions have held steady. [CleanTechnica]

Graph of interruptions (Energy Information Administration)

• “China Surprises Climate Summit With Pledge To Work With US, But Doesn’t Budge On Climate Goals” • The US and China surprised the COP26 climate summit when representatives of the countries announced an agreement to ramp up their climate ambitions, just days before the end of the conference in Glasgow. China and the US agreed to have a virtual summit. [CNN]
• “Top Automakers Won’t Commit To Selling Only Zero-Emission Cars By 2040” • Toyota, Volkswagen, BMW, Nissan, Stellantis, and other car makers refused to back a commitment to sell only zero-emissions cars and vans by 2040. The UK, Canada, India and Poland, and 19 other countries signed the pledge, but not the US and China. [CNN]

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