climate
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Climate change
Power Companies Must Plan to Deal with Climate Risks
The Intergovernmental Panel on Climate Change (IPCC) issued a report at the end of February titled “Climate Change 2022: Impacts, Adaptation and Vulnerability.” Among the warnings found in the 3,675-page
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Legal & Regulatory
SEC’s Landmark Climate Disclosure Rule Weighing on Power Sector
Investor-owned electric companies are thoroughly reviewing the Securities and Exchange Commission’s (SEC’s) broad new proposed rule that requires registrants to disclose climate-related risks and governance, and plan to remain engaged with the regulatory agency as the rulemaking continues. The proposed rule, which the SEC approved 3–1 on March 21, has drawn intense interest from the […]
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Coal
Duke Energy Eyeing Coal Phaseout by 2035
Duke Energy, the nation’s largest power producer, will dramatically slash coal generation’s share from the current 22% of total generation to 5% by 2030 and achieve a full phaseout of unabated coal by 2035. The company instead expects to deploy more than $130 billion over the next decade—$63 billion of which it will spend over […]
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Commentary
Microgrids Can Save America’s Carbon-Zero Commitments and Electrified Future
On Friday, November 5, Congress passed a landmark infrastructure bill that apportions $65 billion to rebuilding our aging electric grid. Although we should applaud this long overdue measure, we need to be realistic about its impact. $65 billion is not nearly enough to modernize the U.S. electric grid, nor is it enough to protect against weather-related outages and cyberattacks. We continue […]
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International
Nuclear and Natural Gas Taxonomy Battles Brewing in Europe and S. Korea
A leaked draft of the European Commission’s proposal to label some natural gas and nuclear power plants as “transitional” or “green” investments has prompted pushback from some European Union (EU) members. Criticism is also mounting in South Korea, where liquefied natural gas (LNG) was included in its new green taxonomy guidelines—but nuclear was left out. […]
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Coal
Phasing Out Coal by 2030 Is Critical for the Climate, and Key for Affordable and Reliable Energy
Phasing out all coal for electricity generation in the U.S. by 2030 is necessary both for averting the most dangerous consequences of the climate crisis, and for demonstrating international leadership to
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Commentary
Why Now Is the Time to Push for Carbon Neutrality
In March 2021, we reached an important milestone in the push for carbon neutrality across industries. A report by the Energy and Climate Intelligence Unit (ECIU), a UK-based non-profit, found more than 21% of
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News
G20 Environment Ministers: No Consensus on Phasing Out Coal
The U.S., UK and other countries want world governments to commit to a phaseout of the use and financing of coal-fired power generation, but officials who met at the G20 Environment Ministers Meeting summit in Naples, Italy, this past week ended their talks without an agreement on the future of the fuel. The topic will […]
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Interview
The POWER Interview: Spotlight on the Solar Wave
Growth in the solar power sector is coming from many angles, with utilities building ever-larger solar arrays, and more homeowners and building owners putting panels on their rooftops. Many utilities and other companies also are expanding offerings of community solar, a way for electricity customers to get the benefits of solar power without having to […]
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Press Releases
Babcock & Wilcox Announces ClimateBright Decarbonization Technologies Platform to Reduce Global Greenhouse Gas Emissions
Proven Technology Captures CO2 While Producing Hydrogen Application for Wide Range of Industries (AKRON, Ohio – May 25, 2021) – Babcock & Wilcox (“B&W”) (NYSE: BW), a leading innovator in clean energy technologies, announces its ClimateBright™ suite of revolutionary decarbonization technologies designed to help utilities and industry aggressively combat greenhouse gas emissions and climate change. […]
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