Good News for the Biosphere at-a-Glance!
This email is not a commercial initiative, but a free expression of optimism about the potential of humankind and the progress being made to help sustain and regenerate our biosphere.
Low Carbon Investments Seen as a “Mega Force” in 2024
The powerhouse investment firm BlackRock is predicting that low carbon technologies is expected to drive significant investment opportunity in 2024. In its 2024 Private Markets Outlook report. BlackRock highlights the “massive reallocation of capital” expected to be driven by the need to rewire energy systems in order to transition to a low carbon economy. The firm said that according to its Investment Institute’s Transition Scenario (BIITS), capital investment in the global energy system could double to $4 trillion annually through 2050 driven by the adoption of low carbon energy sources, which it expects to make up 70% of the world’s energy by 2050. Learn more here.
The Largest Off-Shore Wind Project in the US Just Delivered it’s First Power to the Grid
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, and Copenhagen Infrastructure Partners (CIP), a global leader in greenfield renewable energy investments, today announced that power from the Vineyard Wind project was delivered to the New England grid for the first time. "This is a historic moment for the American offshore wind industry,” said Governor Maura Healey. “Soon, Vineyard Wind will be producing power equivalent of over 400,000 Massachusetts households, once completed, the project will consist of 62 wind turbines generating 806 Megawatts of renewable electric power. See news release here.
The Radical Growth of Green Chemistry
Have you ever asked yourself why someone would invent a way to keep food fresh that would one day litter large swaths of the landscape and release toxic substances after its short disposable life? Master green chemists and educators John Warner and Amy Cannon say all that is changing — by necessity and by design. The radical growth of green chemistry is showing we can have good chemistry with the Earth by emulating nature's green chemistry and still thrive and prosper. Listen to the inspiring podcast here.
Solar Power Installations now Represent 48% of all New Installed Power in the US in 2023
Solar accounted for 48% of all new electricity-generating capacity added to the US grid through the first three quarters of 2023. Cumulative operating solar capacity now stands 161 GWdc and 4.7 million systems. The residential segment set another quarterly record at 1.8 GWdc reflecting a 12% growth over the same quarter last year. This growth is driven by California, where installations had already grown 31% year-over-year in the second quarter and grew another 29% in the third quarter. Installations are surging as backlogs of sales made before the switch to net billing in April are interconnected. The commercial solar segment however, declined 6% compared to Q2 2023. Find more SIEA solar information here.
Our Biosphere - Is defined as that part of the Earth in which living organisms exist (the entire zone of life). As such, it is viewed as all the places that support life and includes the overlapping zones of the atmosphere, the upper part of the geosphere, and all of the hydrosphere. Or more simply; any place on Earth where life can exist. Not protecting our Biosphere is the root cause for most of the critical environmental, social and economic disasters we face today in the Anthropocene Era.
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Bill Stough, LLC | 616.889.0640 | PO Box 414, Byron Center, MI 49315