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Further, these efforts are focused on carbon capture and storage, hydrogen, and biofuels—technologies that aim to stash carbon emissions away, not reduce their production. billion per year—less than 2 percent of ExxonMobil’s annual revenue, and far less than its profits from just the last three months.
For context, the perennial problem in designing novel chemical materials, like new biofuels or energy storage materials for batteries, is one of scale. To illustrate this, let’s consider designing a novel biofuel blend to replace diesel. 2011): 1239-1249. Hughes, James P., “Principles of early drug discovery.”
The rest of our power comes from a mix of nuclear power, renewables like hydro, wind and solar power, and biofuel. Ontario Energy Output by Fuel Type: 2020 . Ontario has built a cleanenergy supply. Source: IESO [link]. Prioritizing renewable generation is no longer appropriate.
Minnesota Federal Court Said State Biofuel Mandate Was Not Preempted. The Zero Emission Credit (ZEC) program was established as part of the PSC’s proceeding to establish a CleanEnergy Standard to achieve the statewide goal of obtaining 50% of New York’s electricity from renewable sources by 2030. United States v.
A former Obama administration economist at the University of Chicago found last year that consumers in states with renewable energy mandates paid $125 billion more for electricity in the seven years after passage than they would have otherwise.
Australia passes first climate legislation since 2011. John Podesta, a former climate adviser in the Obama White House and a White House chief of staff during the Clinton administration, will join the Biden administration as the senior adviser for cleanenergy innovation and implementation. California passes climate legislation.
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