Last week President Donald Trump (R) announced that he would pull the US out of the Paris Agreement on climate change or seek to renegotiate it. That news comes as SolarPower Europe announced the world now has 306.5 gigawatts of solar power installed.
On June 1 Trump pulled out of the Paris Agreement on climate change, making the US the only country to pull out of the international agreement to reduce carbon emissions and only one of three countries that are not in the treaty. While it will take years for the US to withdraw from the agreement, the controversial move sparked outrage across the country, with everything from businesses, cities, states and more announcing they would support the agreement, including former New York City Mayor Michael Bloomberg who pledged $15 million of his money to pay for part of the US’s responsibility under the original agreement.
Over the past few years the solar industry has been able to “last year was a record year” for solar. A new report out from SolarPower Europe showed that 76.6 gigawatts of solar power came online last year—50% more than in 2015, bringing the worldwide total up to 306.5 GWs of installed solar power across the world.
Such trends are likely to continue. For instance, California may move to 100 percent renewable energy by 2045. At least if 3 bills passed by the state Senate are signed into law. The three bills would transition the state to 100 percent renewable energy and make it easier to add in more energy storage.
At least one company is ready to pounce on that last bit. Last week 8minuteenergy renewables announced that it has a 1 gigawatt energy storage project pipeline. The company has projects in California, Texas and the southeastern US.
While the Trump administration has tried to support the coal industry utilities continue to shutter coal plants as natural gas prices remain low and wind and solar power continue to drop in price. Case in point Public Service Enterprise Group (PSEG) is shuttering its last coal-plants in New Jersey. The utility will replace the coal-fired power plants with natural gas and renewable energy.
There are more jobs in renewable energy than coal right now as well. New York will add 40,000 reenwable energy jobs under new programs announced by Andrew Cuomo (D).
Across its energy generation fleet, Xcel Energy generated 25 percent of consumers' energy from renewables. The company has utilities in eight states and it plans to add more renewable energy in coming years.Tweet