Unemployment rate drops to 13 percent, as the economy picked up jobs as states reopened – The Washington Post
- Unemployment rate drops to 13 percent, as the economy picked up jobs as states reopened The Washington Post
- Why the Shockingly Good Jobs Report Might Be Bad News New York Magazine
- An explanation of Friday’s shocking jobs report Slate Magazine
- Stunning Job Gains in May Propel Stocks Higher Investopedia
- May’s Jobs Report Brought Good News — But Not For Everyone FiveThirtyEight
- View Full Coverage on Google News
Reduced Cost for Renewables Supports Sector Growth
The post Reduced Cost for Renewables Supports Sector Growth appeared first on POWER Magazine.
A new report from the International Renewable Energy Agency (IRENA) shows costs for renewable power are increasingly cheaper than those for generation from coal, reinforcing the trend of increased investment in solar and wind power and away from fossil fuel-powered electricity production.
The IRENA report—Renewable Power Generation Costs in 2019—showed that more than half of the new renewable energy generation capacity added worldwide last year operated at a lower cost than even the least-expensive new coal-fired power plants. Its findings echoed the sentiments of several U.S. renewable energy advocates who participated in an online panel discussion Tuesday organized by the American Wind Energy Association (AWEA) and attended by POWER.
The report, released June 2, said recent power auction results show the trend of cheaper solar photovoltaic (PV) and onshore wind power is accelerating, putting more economic pressure on coal plants, and “reinforcing the case to phase-out coal entirely.”…
EPA Curbs State Review of Energy Projects
The post EPA Curbs State Review of Energy Projects appeared first on POWER Magazine.
The Trump administration on June 1 moved to limit the ability of individual states to use provisions of the Clean Water Act (CWA) to block energy projects, a potential win for the power generation and other energy industry sectors that have battled lengthy licensing and permitting reviews and rejections based on climate change arguments.
The rulemaking is a setback for those who oppose the siting of oil and natural gas transportation pipelines, and power generation projects such as coal- and natural gas-fired power plants, and hydroelectric dams, the permitting of which has been among the biggest legal and political battlegrounds in recent years.
Environmental Protection Agency (EPA) Administrator Andrew Wheeler on Monday signed a rule that restricts the scope of state reviews under Section 401 of the Clean Water Act. Wheeler defended the action in a call Monday with media, saying the EPA wants “to make sure we are limiting the 401 process just to water quality,” noting the rule excludes limits on state reviews of climate and air pollution impacts.…
With Vogtle Completion in Sight, Southern Company Targets Net-Zero Carbon Emissions
The post With Vogtle Completion in Sight, Southern Company Targets Net-Zero Carbon Emissions appeared first on POWER Magazine.
Fresh off the announcement that the final module for Vogtle Unit 3 was placed at the nuclear expansion project in Georgia, Southern Company said on May 27 that it was setting “a long-term greenhouse gas (GHG) emissions reduction goal of net-zero emissions by 2050.”
The announcement was made during Southern Company’s annual stockholders meeting, which was held as an online event this year due to the COVID-19 pandemic. The company also reaffirmed its intermediate goal of a 50% reduction of GHG emissions from 2007 levels by 2030.
“I continue to be confident that we are prepared and well-positioned to meet the needs of our customers, employees, communities and investors well into the future and will succeed in the transition to a net-zero carbon future,” Tom Fanning, chairman, president and CEO of Southern Company, said in a statement. “As always, we are committed to providing clean, safe, reliable and affordable energy to the customers we are privileged to serve.”…