It's Official: Solar Energy Cheaper Than Fossil Fuels
Renewable energy has reached an important milestone. The World Economic Forum (WEF) has determined that in many parts of the world, solar energy is now the same price or even cheaper than fossil fuels for the first time.
In a handbook released this month, the WEF observed how the price of renewable technologies, particularly solar, has declined to unprecedented lows.
While the average global LCOE [levelized cost of electricity] for coal and natural gas is around $100 per megawatt-hour, the price for solar has plummeted from $600 a decade ago to $300 only five years later, and now close to or below $100 for utility-scale photovoltaic. For wind, the LCOE is around $50.
According to the WEF, more than 30 countries have already reached grid parity—even without subsidies. ("Grid parity" is the point when an alternative energy source, say solar, can generate power at a LCOE that's equal or even less than the price of traditional grid power.)
"It is relevant to note that the mentioned evolution, market share gain and continued potential for renewable energy do not hinge on a subsidy advantage," the report added. "In fact, according to [International Energy Agency], fossil-fuel consumption has received $493 billion in subsidies in 2014, more than four times the value of subsidies to renewable energy."
The WEF highlighted how the unsubsidized LCOE for utility-scale solar photovoltaic—which was not competitive even five years ago—has declined at a 20 percent compounded annual rate, "making it not only viable but also more attractive than coal in a wide range of countries."
Countries that have already reached grid parity include Chile, Mexico, Brazil and Australia with many more countries also on the same track. The WEF projects that two thirds of the world will reach grid parity in the next couple of years, and by 2020, solar photovoltaic energy is projected to have a lower LCOE than coal or natural gas-fired generation throughout the world.
"Renewable energy has reached a tipping point," Michael Drexler, who leads infrastructure and development investing at the WEF, told Quartz. "It is not only a commercially viable option, but an outright compelling investment opportunity with long-term, stable, inflation-protected returns."
The report follows a recent analysis from the IEA which revealed that total clean power capacity increased by 153 gigawatts, overtaking coal for the first time. To illustrate, about 500,000 solar panels installed were installed around the world every day.
In less than one week, Interior Sec. Ryan Zinke will submit his final recommendations to President Trump on whether 27 national monuments around the country should be downsized, eliminated, transferred to state control or left alone.
But as Aaron Weiss, the media director of the conservation group Center for Western Priorities, pointed out: "Rather than spending his final week hearing from local communities who have worked tirelessly to protect their natural and cultural heritage as national monuments, Secretary Zinke is on vacation in the Mediterranean. His wife, Lola Zinke, tweeted a picture early this morning of herself and Secretary Zinke enjoying a sunrise on the Bosphorus Strait."
Energy Transfer Partners' controversial $4.3 billion Rover pipeline has more negative inspection reports than any other major interstate natural gas pipeline built in the last two years, according to a new Bloomberg analysis.
The 713-mile pipeline, which will carry fracked gas across Pennsylvania, West Virginia, Ohio and Michigan and Canada, has been stalled from numerous environmental violations, including a 2 million gallon drilling fluid spill into an Ohio wetland in April.
'A Major Win for New Yorkers': Court of Appeals Upholds State's Denial of Water Quality Certification for Constitution Pipeline
The U.S. Court of Appeals for the Second Circuit upheld New York State's denial of a water quality certification for the Constitution Pipeline Friday, a critical win for the Attorney General's office and the state's authority to take necessary action to protect its waters and natural resources. The appeals court noted that the state is entitled to "conduct its own review of the Constitution Project's likely effects on New York waterbodies and whether those effects would comply with the state's water quality standards."
New York must be able to do what's necessary to protect our environment—and we're glad that the court agreed.
By Anne Bolen
On Aug. 21, for the first time since 1918, a total solar eclipse will cross the U.S. from coast to coast. Along the path of totality, the moon will completely block out the sun, turning day to twilight for nearly three minutes. While a partial eclipse will be visible throughout the U.S., millions will be flocking to spots along the path of totality, which begins in Salem on Oregon's coast about 10:15 a.m. Pacific Daylight Time and exits the nation at Charleston, South Carolina, where maximum coverage will occur about 2:47 p.m. Eastern Daylight Time. Perhaps no other natural event will inspire so many people to go outdoors.
The Trump administration released an environmental review Thursday of Hilcorp Alaska's Arctic offshore drilling development. Hilcorp plans to build a 9-acre artificial island and 5.6-mile pipeline in the Beaufort Sea for its offshore drilling project. The Trump administration's draft environmental impact statement proposes to greenlight the dangerous drilling plan, which would be a first for federal waters in the Arctic.
The incident was detailed in several Facebook posts from Equinac, a Spanish marine wildlife conservation group.
The National Park Service (NPS) announced Wednesday that it has rescinded the 2011 "Water Bottle Ban" that allowed parks to prohibit the sale of disposable plastic water bottles. That same day, news emerged that the Trump administration removed a nine-slot Capital Bikeshare station at the White House that was requested and installed during the Obama years and used by staffers.
By Catherine Collentine
This week, a federal court ruled that the Obama administration over-penalized Exxon for dumping hundreds of thousands of gallons of a pollutant onto the streets of Mayflower and threw out a number of safety violations levied against Exxon on the basis that the company met its legal obligations to consider the risks associated with the pipeline.