• Wind and photo voltaic prices declined by greater than 10% in 2019, based on a brand new WEMO report.
  • A rich Florida city votes for a $100 million local weather tax.
  • Shell determined to carry a “Nice Vitality Debate” on Twitter on Monday — and it didn’t fairly go as deliberate.
  • Arcadia Energy is dedicated to creating clear vitality work for the planet and People’ financial institution accounts — all with out altering your utility firm. Sign up to receive your $20 Amazon Gift Card — *advert.

Wind and photo voltaic prices dropped

Wind and photo voltaic prices declined by greater than 10% in 2019, based on the twenty second version of Capgemini’s newest World Energy Markets Observatory (WEMO) report. Renewables now account for greater than half of the worldwide electrical energy technology investments.

In the meantime, Li-ion batteries utilized in stationary storage and electrical car markets dropped by 19%. There are 115 mega-factory battery tasks, and 88 of these are in China. Japan, China, and South Korea are dominating the battery market.

It additionally reviews that technology from inexperienced vitality and storage applied sciences are maturing shortly. Nonetheless, grid stability has develop into an trade concern. Additional, stress on oil giants has compelled them to diversify and decide to web zero by 2050.

And eventually, Europe is main the cost on hydrogen growth. In July 2020, the European Fee determined to speculate between €180 and €470 billion by 2050 with a view to attain a share of 12-14% in 2050 for inexperienced hydrogen within the European vitality combine. 

Florida sea-level rise

Key Biscayne, an island-town in Miami-Dade County and one in all Florida’s wealthiest cities, can be very susceptible to rising seas. And final evening, within the 2020 election, it soundly voted to approve a $100 million bond to guard itself from sea-level rise. Its choice driver? Staving off dropping property values.

The “Village of Key Biscayne,” because it’s identified, which is made up of round 7,100 households and costly motels such because the Ritz-Carlton, launched a “Flood Vulnerability Evaluation & Adaptation Report” in April 2017. Unsurprisingly, the low-lying city is in Evacuation Zone A, which implies that householders pay very excessive insurance coverage, and it’s one of many first areas to be evacuated in a critical storm. The report’s conclusion states:

The areas susceptible to tidal flooding will enhance considerably over the following 30 years as sea ranges proceed to rise. By 2045, if no adaptation steps are taken, most roads inside the Village will expertise tidal flooding throughout king tides, as will many low-lying residential and industrial properties. Growing sea ranges can even enhance the chance of rainfall-induced flooding because the water desk rises, thereby decreasing the water holding capability of the bottom.

So what drives the residents of Key Biscayne to spend $100 million on their resiliency plan? Their property values. Disgrace inexperienced vitality or local weather change isn’t talked about wherever within the city’s report.

Shell’s “Nice Vitality Debate”

In what was most likely thought up by oil large Shell’s advertising and marketing division/social media staff, Shell determined to carry a “Nice Vitality Debate” on Twitter on Monday. It seems they didn’t fairly learn the Twitter room fastidiously sufficient.

Shell posted a inexperienced vitality ballot, during which a big majority of the practically 200 individuals (and that’s not very many, seeing how there have been 7.5K quote tweets) mentioned they’d embrace renewable electrical energy. However Shell then tweeted that the “vitality system requires everybody to play their half.” That’s the bit the place all of it went improper.

Journalism initiative Covering Climate Now, which is made up of over 400 media shops, tweeted in response:

Extra pointed responses to Shell included:

And a particular point out got here from Consultant Alexandria Ocasio-Cortez (D-NY):

To see extra reactions, search Shell’s personal hashtag, #EnergyDebate. Shell, inform us what YOU are quantifiably doing to cut back emissions. You’re the large large company.

FTC: We use earnings incomes auto affiliate hyperlinks. More.

Subscribe to Electrek on YouTube for exclusive videos and subscribe to the podcast.