December 8 NEC Energy News
¶ “COP28 Pledge To Triple Nuclear Generation By 2050 ‘Highly Unrealistic’” • Countries that pledged to triple nuclear generation by 2050 face an uphill battle that is likely to leave them short of their goal, scientists and energy researchers wrote in their annual World Nuclear Industry Status Report. The report says the target is “highly unrealistic.” [Regina Leader Post]
¶ “Minnesota Agencies Criticized For Delayed Alerts About Recent Leaks And Spills” • In Minnesota, when radioactive waste from a nuclear power plant leaked into the ground, neighbors didn’t find out for months. Other problems of similar natures have come up. State agencies are facing growing criticism for withholding information. [KSTP]
¶ “Investors Sue NuScale For Concealing True Cost Of Flagship Nuclear Reactor Project-Hagens Berman” • Hagens Berman, a national trial attorney firm, is urging investors in NuScale Power Corporation who suffered substantial losses to submit their losses now. Failures by NuScale to deliver on promises caused its stock price to fall sharply. [GlobeNewswire]
¶ “IMF Head Advocates For End Of Fossil Fuel Subsidies At COP28 Climate Summit” • The gist of Kristalina Georgieva’s message at COP28 is that we don’t have to wring our hands and fret about how expensive addressing the looming climate crisis will be. Instead, we can stop directing trillions of dollars to fossil fuel companies that don’t need support. [CleanTechnica]
¶ “South Fork Wind Is Also A Victory For Whales” • South Fork Wind is leading on offshore wind as the first full-size project to generate electricity in our federal waters. It shows that we don’t need to choose between clean energy development and wildlife protection. We can build on this important precedent at the start of this vital new US industry. [NRDC]
¶ “Navajo Nation Faces Possible New Threats After Decades Of Uranium Mining” • Just miles from the site of the 1979 Church Rock Mill spill, the largest nuclear release in US history, uranium extraction operations could resume near the Navajo Nation. Navajo leaders say the health and prosperity of their community could be in further jeopardy. [ABC News]
¶ “Amazon Deforestation Declines But Fossil Fuels Remain Contentious, COP28 Shows” • COP28 saw Amazonian countries arriving with a string of environmental triumphs since the last climate summit. While the nations largely agree on the need to preserve the Amazon Rainforest, the conference has a split over fossil fuel use and deforestation targets. [Mongabay]
¶ “Solar Levelized Cost Of Electricity Is 29% Lower Than Any Fuel Fossil Alternative” • Solar power is the cheapest new-build electricity in many markets, even amid inflation and price rises, Ernst & Young noted in a report. The global weighted average levelized cost of electricity (LCOE) for solar is 29% lower than the cheapest fossil fuel alternative. [pv magazine USA]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.