February 1 NEC Energy News
¶ “IEA’s Report Reveals 50% Surge In Global Renewable Capacity In 2023, Bringing Global Total To Nearly 510 GW” • A report by the International Energy Agency shows that the world added 50% more renewable energy capacity in 2023 than in 2022, bringing the global total to nearly 510 GW. Of the new capacity, 75% was solar PVs. [SolarQuarter]
¶ “Britain Not Planning Hinkley Point C Loan Guarantees, Says Downing Street” • The UK has no plans for loan guarantees for the Hinkley Point C nuclear project to ease the financing costs on EDF, a spokesman for Prime Minister Rishi Sunak said. “Hinkley Point C’s financing is a matter for the project’s shareholders, it’s not for government.” [Reuters]
¶ “John Podesta Will Take Over For John Kerry As US Climate Diplomat” • John Podesta, a senior White House adviser focused on clean energy and climate, will take over as top US climate diplomat when John Kerry steps down, a source familiar with the move said. He has been working on clean energy and carrying out the Inflation Reduction Act. [CNN]
¶ “Sea Otters, Once Hunted To Near Extinction, Are Preventing Coastal Erosion As Their Populations Grow, Study Finds” • A recent discovery is that sea otters are Mother Nature’s solution to the prevention of coastal erosion. The sea otters eat burrowing crabs that have no other major predators. Crab burrows make coastal lands unstable. [ABC News]
¶ “Renewed US National Movement to Convert Private Utilities to Public Utilities” • A renewed US movement is afoot to replace corporate utilities with public, citizen-owned utilities. There have been energy cooperatives in the Midwest for nearly a century and a half. The American Public Power Association gives support for public power companies. [CleanTechnica]
¶ “Delaware Judge Invalidates Elon Musk’s Tesla Pay Package” • Five years ago, the board of directors of Tesla approved a special compensation package for Elon Musk that exceeded by far any executive pay plan in the history of the world. If Musk hit certain targets, he would be entitled to total compensation of $56 billion. A judge said that’s too much. [CleanTechnica]
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