Questions remain about where the money is coming from to fund both the petition drive for a public vote on FirstEnergy’s subsidies and the inflammatory campaign against it by a group called Ohioans for Energy Security.
These policies, taken together and adopted at national scale, would allow the United States to do its part in limiting global warming to 1.5°C. Can it be done? The final installment of “Look to the States” concludes with an outlook and some tools — drawing once more from state-level successes — for putting a decarbonization plan into practice.
To support decarbonization efforts, we will have to overhaul our transportation system. Over the course of the past century, we used fossil fuels to revolutionize the way we move from place to place — creating unprecedented mobility, but substantially contributing to climate change. About 30% of U.S. greenhouse gas emissions come from transportation. But we can look to key states for a glimpse of what climate leadership on transit looks like.
For years, red and blue states across the country have been building the policy architecture for ambitious national climate action. Part II of "Searching for a New Deal on Climate" explores how the federal government can follow the states’ lead on setting economy-wide greenhouse gas targets, establishing renewable energy requirements for electric utility portfolios, and building out new renewable energy generation.
Is there a version of decarbonization somewhere out there that is aggressive enough to meet the bar set by the scientists, yet pragmatic enough to work politically and as a matter of law and policy? Yes, there is. We should look no further than the blue and red states that are currently leading on climate to see the strategies in action that would achieve the swift and far-reaching emissions reductions we require.
This summer, ExxonMobil announced it would be working with carbon removal company Global Thermostat to help scale up their technology, with an eye towards large industrial applications. The announcement is the latest indicator that fossil fuel companies are looking ahead towards a world that’s far less friendly towards their products and the emissions they produce.
"The reality is that a price on carbon will not be adopted by developing and emerging economies because it makes their energy more expensive, and they are too busy trying to build their economies and lift themselves from poverty."
In July, the state of Ohio passed its HB 6 energy bill, which authorizes $300 million in annual surcharges on utility ratepayers, primarily to fund four struggling coal and nuclear power plants. The bill also scales back the state’s clean energy targets. Now that HB 6 has been signed into law, what changes will it bring for stakeholders in the industry?