Washington Senate approves measure on energy targets
The bill would ease Initiative 937, which requires large utilities to supply 15 percent of its electricity through renewable energy sources such as wind or solar power by 2020.
The Senate bill, which passed on a 27-21, now heads to the House, where it faces likely opposition.
The bill allows utilities to count conservation efforts and some existing energy sources toward the targets. But it changes some of the goals: upping the percentage of renewable energy to 16 percent by 2020, and adding a new 2014 target of 4 percent and a 2025 target of 20 percent.
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BNEF Report: Wind and Solar Will Provide 50% of Electricity in 2050
LONDON - In a report that examines the ways in which renewable energy demand is expected to increase, Bloomberg New Energy Finance (BNEF) finds that “aggressive decarbonization” will be required beyond 2030 to meet the temperature goals of the Paris Agreement on climate change.
Focusing on electricity, BNEF’s 2019 New Energy Outlook (NEO) predicts a 62% increase in global power demand, leading to global generating capacity tripling between now and 2050, when wind and solar are expected to make up almost 50% of world electricity due to decreasing costs.
The report concludes that coal will collapse everywhere except Asia, and, by 2032,…
