https://lnkd.in/e_8mVhuG #Climate and #health #benefits of #wind and #solar dwarf all #subsidies By displacing fossil fuels, wind and solar saved the US $250 billion over 4 years. JOHN TIMMER - 5/29/2024 ..."The researchers find that, in the US, wind and solar have health and climate benefits of over $100 for every Megawatt-hour produced, for a total of a quarter-trillion dollars in just the last four years. This dwarfs the cost of the electricity they generate and the total of the subsidies they received. Avoiding damages The new work, done by Dev Millstein, Eric O'Shaughnessy, and Ryan Wiser, was inspired in part by recent work done on estimating what's called the social cost of carbon. The social cost of carbon is a way to attach a dollar value to every ton of carbon emissions that represent its share of the total damage that will result from global climate impacts. The US government currently uses a value of about $50/tonne, but recent research places it at $185/tonne. Similarly, there has been additional research into the health impacts of SO2 and nitrogen oxides emitted during the burning of fossil fuels, which produce particulate and ozone pollution. ... They started by dividing the 48 contiguous states into 11 regions, as defined by the US Energy Information Agency (you can see a map of them here). Then, they determined whether wind or solar were contributing at least 3 percent of the electricity to each region. One region, centered around Tennessee, was under 3 percent for both wind and solar, so wasn't included; a few of the others fell below 3 percent on wind or solar, so only a single power source was considered there. From there, the analysis involved finding out how much renewable power was generated within that region. In the absence of wind and solar, that demand would likely have been met using fossil fuels (given the pace of nuclear and hydroelectric construction, this is a very reasonable assumption). A regression analysis was used to match renewable production to alterations in fossil fuel generation, and the fuel that would have been used to meet the demand in the absence of renewables (either coal or natural gas) was assumed to match the existing mix in that region. Since we have estimates of the climate and health damages caused by both coal and natural gas, it's easy to convert these changes into dollar values. And those values can be viewed as co-benefits to switching to renewables. They don't accrue to anyone involved in operating the plants but instead are enjoyed by society at large in terms of reduced environmental degradation and lower health expenses."... Cell Reports Sustainability, 2024. DOI: 10.1016/j.crsus.2024.100105 (About DOIs).
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Agrivoltaics Project Manager and Solar Energy Sales Consultant ATTENDING SOLAR FARM SUMMIT 2024
Once again, Michael Barnard clarifies why Carbon Capture and Sequestration should not be used by Oil, Gas and Coal companies as an excuse to keep on burning their fossil fuels. #ccs #solarorwindplusstorage #hydropower #geothermal #energytransition #climateresilience
As carbon capture and sequestration has ascended the hype cycle again, often in conjunction with blue hydrogen, I'm once again turning my gimlet eye upon the space. That includes, as in this case, republishing older assessments as nothing has changed to make it more sensible as a climate wedge. Full article: https://lnkd.in/gd8JH_tw Despite receiving significant investment, such as Carbon Engineering's $68 million from fossil fuel giants in 2019, CCS still plays a minor role in global CO2 reduction efforts. A comprehensive evaluation reveals that the global expenditure on CCS technologies is dwarfed by the potential and achievements of renewable energy sources like wind and solar power. The estimated global investment in CCS, nearing $7.5 billion, primarily in the last decade, has yielded minimal results compared to the possibilities presented by alternative renewable energies. Data from the Global CCS Institute, despite its optimistic reports, indicates that the actual impact of CCS on a global scale is quite limited, with only a handful of facilities managing significant CO2 sequestration. This investment starkly contrasts with the achievements of wind and solar energy, which in 2019 was displacing around 35 times more CO2 annually than the entire history of CCS has managed. Furthermore, if the funds allocated to CCS were redirected to wind energy, the CO2 avoidance could have been significantly higher, with estimates suggesting a 50% increase in CO2 reduction even with very high capital costs and lower capacity factors of wind and solar in the 1970s through 2000s. This analysis underscores the marginal role of CCS in combating climate change, highlighting it as a negligible factor in global warming mitigation efforts. The rapid expansion of wind and solar capacities, exceeding 1,000 GW globally in 2019, underscores the greater efficacy and potential of renewable energy to address the climate crisis, displacing substantially more CO2 annually than CCS could hope to achieve, and at a fraction of the cost and complexity. #carboncapture #choice #economics #results #climateaction #policy
CCS Redux: Global Spend On Carbon Capture Since 1970 Would Have Avoided More CO2 If Spent on Wind & Solar - CleanTechnica
https://cleantechnica.com
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If you’re wondering about the cost and effectiveness of carbon capture and storage, this is a very useful read.
As carbon capture and sequestration has ascended the hype cycle again, often in conjunction with blue hydrogen, I'm once again turning my gimlet eye upon the space. That includes, as in this case, republishing older assessments as nothing has changed to make it more sensible as a climate wedge. Full article: https://lnkd.in/gd8JH_tw Despite receiving significant investment, such as Carbon Engineering's $68 million from fossil fuel giants in 2019, CCS still plays a minor role in global CO2 reduction efforts. A comprehensive evaluation reveals that the global expenditure on CCS technologies is dwarfed by the potential and achievements of renewable energy sources like wind and solar power. The estimated global investment in CCS, nearing $7.5 billion, primarily in the last decade, has yielded minimal results compared to the possibilities presented by alternative renewable energies. Data from the Global CCS Institute, despite its optimistic reports, indicates that the actual impact of CCS on a global scale is quite limited, with only a handful of facilities managing significant CO2 sequestration. This investment starkly contrasts with the achievements of wind and solar energy, which in 2019 was displacing around 35 times more CO2 annually than the entire history of CCS has managed. Furthermore, if the funds allocated to CCS were redirected to wind energy, the CO2 avoidance could have been significantly higher, with estimates suggesting a 50% increase in CO2 reduction even with very high capital costs and lower capacity factors of wind and solar in the 1970s through 2000s. This analysis underscores the marginal role of CCS in combating climate change, highlighting it as a negligible factor in global warming mitigation efforts. The rapid expansion of wind and solar capacities, exceeding 1,000 GW globally in 2019, underscores the greater efficacy and potential of renewable energy to address the climate crisis, displacing substantially more CO2 annually than CCS could hope to achieve, and at a fraction of the cost and complexity. #carboncapture #choice #economics #results #climateaction #policy
CCS Redux: Global Spend On Carbon Capture Since 1970 Would Have Avoided More CO2 If Spent on Wind & Solar - CleanTechnica
https://cleantechnica.com
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Senior Business Executive – Implements transformative business scaling strategies, Generates increased sales & incremental revenue Business Innovation | Project Management | Kaizen Applications | Cost Reduction
Renewables aren't just for environmentalists any more. This article highlights a study that estimated $249 Billion (that is a b) worth of health and climate benefits. Using renewables saves....and combats the upcoming impacts of climate change. If that isn't #efficiency and #innovation...I don't know what is. 😁 #transformation #businesstransformation #rootcause #processimprovement #profitimprovement
Increasing use of renewable energy in US yields billions of dollars of benefits
theguardian.com
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Hotel General Manager at Grand Hotel Parker's Napoli - Small Luxury Hotels of the World
The researchers find that, in the US, wind and solar have health and climate benefits of over $100 for every Megawatt-hour produced, for a total of a quarter-trillion dollars in just the last four years. This dwarfs the cost of the electricity they generate and the total of the subsidies they received.
Climate and health benefits of wind and solar dwarf all subsidies
arstechnica.com
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As carbon capture and sequestration has ascended the hype cycle again, often in conjunction with blue hydrogen, I'm once again turning my gimlet eye upon the space. That includes, as in this case, republishing older assessments as nothing has changed to make it more sensible as a climate wedge. Full article: https://lnkd.in/gd8JH_tw Despite receiving significant investment, such as Carbon Engineering's $68 million from fossil fuel giants in 2019, CCS still plays a minor role in global CO2 reduction efforts. A comprehensive evaluation reveals that the global expenditure on CCS technologies is dwarfed by the potential and achievements of renewable energy sources like wind and solar power. The estimated global investment in CCS, nearing $7.5 billion, primarily in the last decade, has yielded minimal results compared to the possibilities presented by alternative renewable energies. Data from the Global CCS Institute, despite its optimistic reports, indicates that the actual impact of CCS on a global scale is quite limited, with only a handful of facilities managing significant CO2 sequestration. This investment starkly contrasts with the achievements of wind and solar energy, which in 2019 was displacing around 35 times more CO2 annually than the entire history of CCS has managed. Furthermore, if the funds allocated to CCS were redirected to wind energy, the CO2 avoidance could have been significantly higher, with estimates suggesting a 50% increase in CO2 reduction even with very high capital costs and lower capacity factors of wind and solar in the 1970s through 2000s. This analysis underscores the marginal role of CCS in combating climate change, highlighting it as a negligible factor in global warming mitigation efforts. The rapid expansion of wind and solar capacities, exceeding 1,000 GW globally in 2019, underscores the greater efficacy and potential of renewable energy to address the climate crisis, displacing substantially more CO2 annually than CCS could hope to achieve, and at a fraction of the cost and complexity. #carboncapture #choice #economics #results #climateaction #policy
CCS Redux: Global Spend On Carbon Capture Since 1970 Would Have Avoided More CO2 If Spent on Wind & Solar - CleanTechnica
https://cleantechnica.com
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Greenhouse gas emissions are a significant contributor to climate change. The energy sector remains one of the biggest emitters, with CO2 making up the majority of greenhouse gas emissions generated by this sector. In a new analysis, the International Energy Agency (IEA) provided an update on global energy-related CO2 emissions and how clean energy contributes to limiting them. Read the full article through the link below: https://lnkd.in/gzQm6FiU #greennetworkasia #sustainability #sustainabledevelopment #SDGs2030 #IEA #CO2 #CarbonDioxide #Emission #CO2Emission
IEA Shared Update on Global CO2 Emissions Increase Green Network Asia
https://greennetwork.asia
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A rapid transition to renewable energy for our global energy system is essential to mitigating climate change and ensuring a livable future for our planet. Exhaustive research performed by Boston Consulting Group (BCG) and WWF shows that an energy system powered by renewables would perform from two to 16 times better for nature and people across a range of metrics than the BAU, conventional energy system. The most improved outcomes are in actively mined land, air quality, water quality, biodiversity loss, land lost and degraded from climate change, poverty risk, exposure to chronic water scarcity, biome shifts, heat stress, and flooding risk. It's time to act! #renewableenergy #bessereenergie #netzero #energy #climatechange #decarbonization
A Rapid Energy Transformation Is Good for Nature and the Climate
bcg.com
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Around the world, countries are in various phases of prioritizing renewable energy and reducing their fossil fuel emissions. The future of Earth’s climate is at stake: “How electricity generation has changed in recent decades for the world’s major power producers, both rich countries and rapidly-developing ones, helps explain today’s global picture and underscores the climate challenges ahead.” #renewableenergy #newyorktimes #electricity
How Electricity Is Changing, Country by Country
nytimes.com
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Evaldo Costa is an environmental science expert. He is a professor and researcher in energy transition & clean transportation. He is a UNFCCC expert and a member of European Commission's Industry 5.0 group.
🌍🚗 "Combating Climate Change: Electric Vehicles & Renewable Energies" 🌱🔌 A groundbreaking study examines the critical role of policies in promoting the joint diffusion of Electric Vehicles (EVs) and Renewable Energies (RES) to combat climate change. 📚 Read the full article: https://lnkd.in/d5cgG4jW 🌿 The urgency to reduce greenhouse gas emissions calls for a low-carbon economy. The study reveals that the energy and transport sectors contribute significantly to CO2 emissions, making the transition to clean energy and electric mobility paramount. 🔋 With a hybrid methodology, the research dissects policies into categories such as infrastructure, technology, production/supply, and market/demand. It emphasizes that a harmonious blend of these policies is essential to drive the growth of EVs charged with RES. 🌎 The study assesses the policies adopted by different countries and their effectiveness in promoting this joint expansion. Notably, it emphasizes that policies must not only support electric mobility but also ensure synergy with renewables to meet emission mitigation targets for 2030. 📈 The research offers valuable insights for policymakers, industry stakeholders, and researchers, paving the way for a sustainable future where electric vehicles and renewable energies work hand in hand to combat climate change. 🔗 Dive into the details: https://lnkd.in/d5cgG4jW #ClimateChange #ElectricVehicles #RenewableEnergy #CleanEnergy #Sustainability #ClimateAction #Research #PolicyAnalysis
Types of Policies for the Joint Diffusion of Electric Vehicles with Renewable Energies and Their Use Worldwide
mdpi.com
