Corporate Responsibility and Sustainability News: Renewable energy sources really making a difference!
“This gives me even more hope that humankind will be able towork togetherto combat climate change, the most important threat facing us today,” said IEA Chief Economist Fatih Birol, recently named to take over from Maria van der Hoeven as the next IEA Executive Director. Global emissions of carbon dioxide stood at 32.3 billion tonnes in 2014, unchanged from the preceding year. The preliminary IEA data suggest that efforts to mitigate climate change may be having a more pronounced effect on emissions than had previously been thought. The IEA attributes the halt in emissions growth to changing patterns of energy consumption in China and OECD countries. In China, 2014 saw greater generation of electricity from renewable sources, such as hydropower, solar and wind, and less burning of coal. In OECD economies, recent efforts to promote more sustainable growth including greater energyefficiencyand more renewable energy are producing the desired effect of decoupling economic growth from greenhouse gas emissions.
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Dennison noted that southern Maryland now gets about 10 percent of its electricity from renewables. Dan Tompkins, of FirstEnergy, said reaching the proposed new goals would create an incredibly substantial cost increase. These are technologies and sources of electricity generation that simply cost more money than other sources of generation do, Tompkins said. It is that simple. The bill as initially drafted would increase monthly energy bills between 17 and 68 cents in 2018, according to a state analysis of the measure. The increase would have risen to between $2.05 and $8.20 in 2025. The analysis says small businesses would incur higher electricity prices under the bill.
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Renewable energy leaders push for more requirements – Washington Times
Public Service Co. of New Mexico, which serves more than 500,000 customers, said it is meeting the 2015 requirement thanks to several new solar arrays, renewable energy certificates from wind and solar generation, and the power its buying from the new Red Mesa wind farm. PNMs portfolio includes more than 300 megawatts of wind-generated power and nearly 70 megawatts of solar. Xcel Energy, which provides electricity to customers in eastern New Mexico and parts of Texas, announced this week it will purchase 140 megawatts of electricity from two planned solar farms near Roswell.
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