Industry News
Renewable Energy
Top stories summarized by our editors
1/25/2022

US solar is in high demand, but cost inflation, supply constraints, tariffs and geopolitical issues are resulting in project delays and cutting into growth projections, with Wood Mackenzie estimating the industry will add less new capacity in 2022 than 2021. "It really feels like the industry is stuck," said Xiaojing Sun of WoodMac.

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Wood Mackenzie, WoodMac
1/25/2022

The world must spend about $9.2 trillion annually on physical assets to enable net-zero emissions by 2050 and the shift will yield major changes across economies and industries, according to McKinsey & Co.'s new "The net-zero transition: What it would cost, what it could bring" report.

RESB Murmurs: This six-part report offers excellent insights on different aspects of the transition, including opportunities to accelerate decarbonization and considerations for sectors that represent a large portion of the GDP and have a high degree of exposure to the transition. - Sean

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McKinsey
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Sean
1/25/2022

Engine No. 1's Transform 500 ETF controls more than $287 million worth of assets and the investment firm has introduced a new online dashboard for disclosing all voting action on proposals with environmental, social and corporate governance factors in "as real time as technologically possible," says Managing Director Michael O'Leary. Engine No. 1 embraced transparency throughout the voting process with ExxonMobil and hopes to use a similar approach to drive market change, says O'Leary.

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O'Leary
1/25/2022

Indonesia plans to add 5.3 gigawatts of solar capacity through 2030 and will help ease the industry's growth becoming a hub for polysilicon production, says Septian Hario Seto of the Coordinating Ministry for Maritime Affairs and Investment. Developers expect to break ground on a 40,000-ton polysilicon plant this year and are planning another with a capacity of up to 160,000 tons.

1/25/2022

SenseWind, Glosten and other partners have secured a grant from the UK Department for Business, Energy, and Industrial Strategy to advance a floating offshore wind demonstration project in Scotland that will feature three emerging offshore wind installation, safety and operational technologies. One of the solutions is a turbine self-installation system from SenseWind that is ideal for deepwater projects and may make the installation process faster and more economical.

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ReNews (UK)
1/25/2022

Sixty-nine asset managers representing $10.4 trillion in assets have pledged to slash their investment portfolio's emissions between 49% and 65% below 2020 levels by 2030 under the Net-Zero Asset Owner Alliance. The group has set an interim target to cut emissions between 22% and 32% by 2025.

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Reuters
1/25/2022

There is a RESB playlist on Spotify to keep track of all the songs listed in this space. Enjoy!

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youtu.be
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Todd, Spotify
1/25/2022

Often-misguided state and proposed federal recycling laws that have weak recycled-content mandates, exempt important categories, ignore local recycling needs and provide little money for enforcement aren't moving the needle for the industry, experts said at a webinar co-hosted by the Northeast Recycling Council. Lawmakers' rules should avoid cannibalizing recycled materials other industries rely on, said David Allaway of the Oregon Department of Environmental Quality, while Steve Alexander of the Association of Plastic Recyclers said packaging should be designed for recycling and the industry should learn how to communicate clearly with consumers.

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Resource Recycling
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Steve Alexander
1/25/2022

People who live in the vicinity of Shepherd Field Air National Guard Base in Martinsburg, W.Va., have blood concentrations of perfluorohexane sulfonic acid that are above the national average, according to the CDC. PFHxS is a type of PFAS commonly used in firefighting foam on military bases.

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The Hill
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W.Va
1/25/2022

The Minnesota Court of Appeals has overturned the Minnesota Pollution Control Agency's decision to grant PolyMet Mining a water quality permit for a proposed copper-nickel mine and remanded it to the agency for further review. However, the court rejected other concerns raised by mine opponents, such as a call for stronger standards for treated wastewater that would be discharged from the mine.