QUICK NEWS, March 20: $19 Trillion Benefit In Global Climate Fight; U.S. New Energy Now A $200Bil Biz; $10Bil EV Buy Planned By Band Of Cities
$19 Trillion Benefit In Global Climate Fight Paris climate deal could make the world $19 trillion richer; Investing heavily in renewable power and energy efficiency, in accordance with the Paris climate deal, will increase the global economy around 0.8% by 2050, says IEA
Jessica Shankleman and Joel Ryan, March 20, 2017 (Live Mint)
“Stopping global warming won’t just keep the planet habitable. It would also boost the global economy by $19 trillion…[because investing] in renewable power and energy efficiency to keeping warming below 2 degrees Celsius (3.6 Fahrenheit), in accordance with the landmark Paris Agreement, will increase the global economy around 0.8% by 2050, [according to an International Renewable Energy Agency/International Energy Agency report. The study] forecasts that 65% of electricity will be generated from clean power by 2050, up from around 15% in 2015…[and] energy intensity improvements will double…[The profit would come from] $145 trillion of investment in low-carbon technologies by the middle of the century…[that would] force fossil fuel companies to leave $10 trillion of coal, oil and gas [in the ground]…” click here for more
U.S. New Energy Now A $200Bil Biz U.S. Study Puts Impressive ‘Advanced Energy’ Revenue In Perspective
Joseph Bebon, March 7, 2017 (Solar Industry)
“…[The New Energies made up] a $200 billion industry in the U.S. and a whopping $1.4 trillion industry globally as of the end of 2016 [according to new Navigant Research work for Advanced Energy Economy (AEE). It] covers seven [advanced economy] segments: electricity generation, including wind and solar; fuel delivery; industry, including industrial combined heat and power and manufacturing machinery and process equipment; transportation; fuel production; electricity delivery and management, including transmission and energy storage; and building efficiency…U.S. advanced energy revenue for 2016 was nearly double that of the beer industry and equal to that of domestic pharmaceutical manufacturing – and it was even approaching revenue from wholesale consumer electronics. As for global revenue, it was almost twice that of the airline industry and nearly equal to that of apparel…” click here for more
$10Bil EV Buy Planned By Band Of Cities 30 cities join to explore $10 billion electric-car purchase
Stephen Edelstein, March 17, 2017 (Green Car Reports)
“…A group of 30 U.S. cities is discussing a major purchase of electric cars for their municipal fleets…The cities have jointly asked automakers for cost and feasibility estimates of providing 114,000 cars, to be split among them…Those vehicles would augment and in many cases replace thousands of existing cars and light trucks that rack up considerable mileage every year in city-fleet service…The deal could be worth $10 billion, and would be equivalent in volume to 72 percent of U.S. plug-in electric-car sales last year…The joint-purchase effort is led by Los Angeles, and includes other major cities like New York and Chicago…The majority of vehicles will likely be light-duty cars and trucks, but some cities are reportedly inquiring about vehicle types that may not be current available with electric powertrains, such as fire engines…The mayors hope to spur manufacturers by showing that demand for electric vehicles is robust…Such a large order—and the fact that it will likely be spread out over several years—could indeed be an enticing prospect for automakers…” click here for more
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