Wall Street Journal (August 18)
“A fraying electric grid is a nationwide problem,” with estimates suggesting over $700 billion “will need to be spent to replace aging transmission lines and maintain grid reliability” as 60% of “U.S. distribution lines have surpassed their 50-year life expectancy” and the “average age of large power transformers is 40 years, twice their planned life span.” Meanwhile, “grid upgrades to achieve the net-zero promised land” are estimated to “cost another $2.5 trillion by 2050.”
Tags: $2.5 trillion, 2050, Aging, Electric grid, Fraying, Grid reliability, Life expectancy, Nationwide problem, Net-zero, Power transformers, Transmission lines, U.S., Upgrades
Reuters (November 3)
A UNESCO report indicates that “some of the world’s most famous glaciers, including in the Dolomites in Italy, the Yosemite and Yellowstone parks in the United States and Mount Kilimanjaro in Tanzania are set to disappear by 2050 due to global warming, whatever the temperature rise scenario.”
Tags: 2050, Disappear, Dolomites, Famous, Glaciers, Global warming, Italy, Kilimanjaro, Tanzania, Temperature, U.S., Unesco, Yellowstone, Yosemite
Houston Chronicle (May 19)
“The International Energy Agency, the body that advises governments on energy and is widely respected among politicians of all stripes, warned Tuesday that nations need to halt oil and gas development this year if they are to meet their target of net-zero greenhouse gas emissions by 2050 and avoid catastrophic climate change.”
Investment Week (September 14)
The “Next Generation EU” deal provides ESG investors with much to watch. The €550bn “centerpiece of the stimulus” focuses on fighting climate change through “expenditures earmarked for promoting energy efficiency and developing renewable energy resources, emission-free vehicles, and sustainable transport, alongside other measures of environmental protection designed to help meet Europe’s 2050 climate neutrality pledge.”
Tags: 2050, Climate change, Climate neutrality, Efficiency, ESG, EVs, Investors, Next Generation EU, Renewable energy, Stimulus, Transport
