January 6 NEC Energy News
¶ “Green Investments Begin To Pay Off For Big Banks” • For the second year in a row, global banks made more from investments supporting environmentally friendly projects than they earned from financing oil, gas, and coal activities. While the difference is not large yet, it is an indicator that green energy is outpacing fossil fuels. [CleanTechnica]
¶ “Constellation Energy’s Hydrogen Production Could Be Derailed By Shift In Federal Policy” • Plans by Baltimore-based Constellation Energy to mass produce carbon-free hydrogen could be jeopardized under proposed federal guidelines that exclude existing nuclear plants from tax subsidies designed to boost the clean hydrogen industry. [GMToday.com]
¶ “When Your Local Public Radio Station Advertises Fossil Fuels” • “My local public radio station, Oregon Public Broadcasting, which broadcasts throughout Oregon and southwest Washington, has been running advertisements for a fossil gas utility named Northwest Natural over the past year.” NPR also accepts fossil fuel ads. It is time to take action. [CleanTechnica]
¶ “Don’t Worry If Your Favorite GM EV Doesn’t Qualify For A Federal Tax Credit” • General Motors announced it will provide incentives of $7,500 on its EVs to offset the loss of a US federal tax credit. GM told its dealers it would provide the equivalent EV tax credit amount “for any vehicles that became ineligible due to the new guidelines.” [CleanTechnica]
¶ “Savings From Community Power Become Slimmer As NH Utilities Cut Electric Rates” • In New Hampshire, the Community Power Coalition announced a 26% drop in the base electric rate, to 8.1¢/kWh. But the financial benefit seen by those that are part of the Coalition will be reduced this year because all NH utilities cut their electric rates. [NHPR]
¶ “Wild Weather Ahead: How to Prep for 2024’s Climate Shifts” • Our climate is changing, growing warmer due to the emissions from burning fossil fuels, and our weather is changing with it. Instead of being a freak outlier, extreme heat is something we’ll need to be prepared to deal with on a much more regular basis, along with storms, floods and drought. [CNET]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.