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You probably already know the electric power industry is, at the moment, more than a little obsessed over what to do about data centers of the AI variety and their massive demand for power from the underprepared U.S. grid.


All of which means, NetZero Insider has been just as obsessively following the story. K Kaufmann was at the recent Exelon Innovation Expo, where former Energy Secretary Ernest Moniz said a rational approach for data center demand would be to build more natural gas plants now and then catch up on emissions reductions later. 


Utilities in Virginia and Georgia are already beefing up their integrated resource plans with new natural gas plants, K reports in her deep dive on a new report from the Electric Power Resource Institute, which instead calls for better efficiency and “scalable clean energy” to ensure reliable power for “hyperscale” data centers. 


In our curated content, Inside Climate News provides a closer look at the situation in Virginia, where the state’s huge concentration of data centers is increasingly in conflict with the Clean Economy Act of 2020, which requires its largest utility, Dominion Energy, to provide its customers 100% clean electricity by 2045. 


Taking another tack, an op-ed in California’s Capitol Weekly proposes setting efficiency standards for data centers; for example, requiring them to use efficient semiconductor-based flash storage instead of the kilowatt-guzzling hard disk drives that still hold 80% of the digital information in the state’s data centers. 


The Nuclear Innovation Alliance has yet another approach to data center demand ― small modular nuclear reactors that can provide 24/7 carbon-free power but are still largely in the demonstration stage. K has a rundown of a new NIA report advocating for cost- and risk-sharing to get from first-of-a-kind SMRs to nth-of-a-kind projects.  


We have plenty of action at the state level as well. 


K reported on Maryland Gov. Wes Moore’s June 4 executive order mobilizing an all-of-government drive for cutting the state’s greenhouse gas emissions 60% by 2031, including a Subcabinet on Climate and a new zero-emission standard for heating equipment. 


New Jersey is working on an update of its Energy Master Plan, and our correspondent Hugh Morley provided a wrap-up of a series of public hearings the state’s Board of Public Utilities has held to get input, with a strong presence from clean energy advocates calling for the state to up its game on renewables and storage. 


Returning to our curated content, Vermont made headlines for its new Climate Superfund law, authorizing the state to dock fossil fuel companies for the damages their greenhouse gas emissions have caused, The Christian Science Monitor reports. A New York Times op-ed describes the law in more basic terms: “When you make a mess, you clean it up.” 


Illinois also had big news, with the state’s Commerce Commission adopting its inaugural Renewable Energy Access Plan, which seeks to “facilitate improvements in long-range transmission planning that are crucial for accommodating forthcoming renewable energy development,” according to Hoodline Chicago. 


Other stories include: 

  • Mexican President-elect Claudia Sheinbaum is a climate scientist who “was part of a United Nations panel of climate scientists that received a Nobel Peace Prize in 2007,” a Reuters analysis notes. But she cruised to victory promising to continue her predecessor’s support for fossil fuels and faces a steep budget deficit. 

  • Heat-related deaths and emergency room visits in the U.S. hit an all-time high in 2023, the Associated Press reports, and with temperatures in May already hitting new records, summer 2024 could be even more deadly. 

  • And, Reuters reports, the world’s countries are not stepping up to meet their commitments to triple renewable energy output by 2030, pledged during COP28 in the United Arab Emirates in December. 

Read on for more in this week’s Intelligence Report: 


Jump To

Equity & Economics
Finance & Investing
Impact & Adaptation
Policy & Politics

 
 

Equity & Economics

Environmental Justice

Maryland

Advocates Ask EPA to Investigate Baltimore for Harming Disinvested Communities

A Title VI complaint alleges that the city's latest waste management plan fails to devise a clear path away from trash incineration, further harming the adjacent communities. Inside Climate News


Vermont

Landmark Vermont 'climate superfund' law would make polluters pay for climate change

Although most experts - including lawmakers themselves - expect a slew of legal challenges to the legislation, many see it as a groundbreaking effort to use a "polluters pay" model to manage skyrocketing expenses hitting state and local governments because of climate change. Christian Science Monitor


Vermont

OPINION: Vermont Takes On Big Oil. Will Other States Follow?

Vermont is seeking to reinforce one of the most basic rules children learn in kindergarten, if not before: When you make a mess, you clean it up, writes Lee Wasserman, the director of the Rockefeller Family Fund. The New York Times


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Finance & Investing

International

Energy Capital Partners secures $6.7B to invest in clean energy industry

Energy Capital Partners closed on $6.7 billion in fundraising for its fifth flagship equity strategy fund with capital commitments of $4.4 billion. The fund exceeded its initial target of $4 billion by 10% and secured an additional $2.3 billion in investment capital. ESG Dive


International

Investment in clean energy this year is set to be twice the amount going to fossil fuels

Global spending on clean energy technologies and infrastructure on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies. International Energy Agency


International

OPINION: How rethinking carbon markets can forge a path to the green transition

We can reframe our climate solutions to better prepare for the future. The carbon market, fitting our dominant economic model, needs to be reoriented to serve a more enduring purpose, writes David Antonioli, a net-zero transition consultant and the former founding CEO of Verra. GreenBiz


International

Shell's climate transition plan wins shareholder blessing: Why it matters

Shareholders prioritize short-term profits over net-zero future with approval of Shell's downgraded transition plan. GreenBiz


U.S.

U.S. clean energy investment reaches record quarterly high of $71B: Rhodium Group

In comparison, the first quarter of 2023 saw $51 billion in new investments, while the entire year of 2018 saw $78 billion, the Clean Investment Monitor found. Utility Dive


U.S.

White House looks to bolster carbon market credibility

The Biden administration released new principles for responsibly participating in voluntary carbon markets in what was called a "pragmatic step" by the CEO of carbon data platform Sylvera. ESG Dive


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Impact & Adaptation

International

As the climate changes, many species are teetering on extinction. How much should we intervene?

Ecologists at the Kenai National Wildlife Refuge acknowledge their longstanding goal -- to maintain or restore historical conditions -- is now impossible. Instead, they've begun to use a basic question to guide their choices: Is climate change to be resisted, accepted, or directed? Grist


International

Hanging by a Thread': U.N. Chief Warns of Missing Key Climate Target

His comments came as the world body's weather agency said it expected Earth to soon surpass the record high temperatures experienced in 2023. The New York Times


Drought & Flooding

Texas

Texas Droughts Are Getting Much More Expensive

Rising temperatures intensify drought and increase costs for the heavily subsidized crop insurance program. Texas farmers say they couldn't do business without it. Inside Climate News


Heat Waves

U.S.

AP Analysis Finds 2023 Set Record For U.S. Heat Deaths

The death certificates of more than 2,300 people who died in the United States last summer mention the effects of excessive heat, the highest number in 45 years of records, according to an analysis of Centers for Disease Control and Prevention data. The Associated Press


U.S.

For Pregnant People, Heat Waves Bring An Increased Risk of Preterm and Early Term Babies, Study Finds

Researchers noted that the threat was even more pronounced for the youngest and oldest mothers, and among those who are members of racial and ethnic minority groups. Inside Climate News


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Policy & Politics

California

San Diego ponders a bid to take over its for-profit energy utility

Activists pushing San Diego to take over the city's investor-owned utility recently submitted petitions bearing more than 30,000 signatures from residents who want the City Council to let voters decide the matter this fall. Grist


Illinois

Illinois Sets Path for Decarbonization by 2050 with First Renewable Energy Access Plan

The Illinois Commerce Commission has officially adopted the state's inaugural Renewable Energy Access Plan. This blueprint paves the way for Illinois to realize its goal of complete decarbonization by 2050, focusing on equitability, reliability, and cost-effectiveness as foundational pillars. hoodline


International

A Climate Scientist Is Voted President of an Oil Country. Now What?

Claudia Sheinbaum, Mexico's next leader, is an academic and a politician. Here's what her track record reveals. The New York Times


International

Analysis: Can Mexico's Sheinbaum, a climate scientist, shake Lopez Obrador's oil legacy?

She campaigned on a pledge to significantly boost renewable energy in the oil-producing country to as much as 50% by the end of her term in 2030. Reuters


International

Analysis: European power-sector emissions fall by 20% since last EU election

Every national power system across the EU has become cleaner since the last European Parliamentary election in 2019, Carbon Brief analysis shows. Carbon Brief


International

Countries' plans not yet aligned with tripling renewables capacity goal

Very few countries - just 14 out of a total of 194 - have included specific targets for total renewable power capacity for 2030 in their commitments under the Paris Agreement climate pact, called nationally determined contributions. Reuters


International

Electrification Key For 1.5?C Target; Global Demand Must Go Beyond 30K TW

Overall investment in the energy system will need to increase by about one-third by 2050 in the 1.5? Scenario compared to the Planned Energy Scenario. Saur Energy


International

How a Backlash Against Climate Action Is Reshaping Europe's Election

After years of political consensus on the transition to cleaner energy, a 'greenlash' appears to be building as prices rise and right-wing candidates gain ground. The New York Times


International

Inside von der Leyen's secret climate crusade

The European Commission president fought hard in her first term to get her Green Deal reforms past skeptical colleagues -- but then backtracked ahead of the election. Has she given up on climate, or is she just biding her time? POLITICO


Minnesota

OPINION: Minnesota's permitting reforms will accelerate its clean energy boom and can serve as a national model

Projects now get jammed up by the state's inefficient and overly complex permitting process, and it has only been getting slower in recent years, writes Mel Mackin of Ceres. Utility Dive


New York

Caving on climate: Kathy Hochul axes congestion pricing in New York

The state's Democratic governor is sacrificing a landmark climate policy to score political points. Grist


New York

In New York, Attorney General Letitia James' Narrow View of the State's Green Amendment

Environmentalists have cited the amendment in opposing expansion of a giant landfill. But James has argued in court that its guarantee of "clean air, clean water and a healthful environment" cannot be used to supersede state permitting decisions. Inside Climate News


U.S.

OPINION: Say "And," Not "Or," to American Energy Generation

As chair of the Conservative Climate Caucus and chair of the Conservative Climate Foundation, Mariannette Miller-Meeks and Heather Reams write, we have unique understandings of how conservative ideals -- a free-market economy, small government and the desire to leave our planet better than we found it -- have resulted in the U.S. leading the world in global emissions reduction. RealClearEnergy


U.S.

Survey: Americans ready to take climate action

The survey found 61% of Americans feel vulnerable to a lower quality of life due to climate change, while 57% worry about climate-related health risks. Axios


Virginia

In Virginia, Data Centers Collide with Zero-Carbon Goals

With electric demand from data centers skyrocketing, the state considers how to meet its goal of decarbonizing the grid. Undark


Virginia

Regulators approve request from Dominion to drop RGGI fee on customer bills

Dominion made the request last month after finalizing its costs for RGGI compliance following Virginia's withdrawal from the market at the end of 2023, prompted by Gov. Glenn Youngkin's regulatory action. Virginia Mercury


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