 Energy & Environment |
Energy & Environment |
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2023 saw fastest renewable energy growth in two decades |
Global renewable energy capacity grew at the fastest rate in two decades in 2023, according to a new analysis by the International Energy Agency (IEA). |
The nearly 510 gigawatts added in 2023 is almost 50 percent more than the growth seen in 2022. The IEA noted that Europe, the U.S. and Brazil saw all-time highs in renewable capacity growth. But it said that China in particular saw "extraordinary" acceleration. In 2022, China commissioned an amount of solar equivalent to what the entire world commissioned that year, while also increasing wind installations year over year.
Despite the growth, the report also found that the world is not on track to meet the global goal of tripling renewable capacity set out in this year's COP28 climate agreement. It pointed to hurdles including policy uncertainty, insufficient investment in grid infrastructure, administrative barriers to approving projects and not enough financing in developing countries. Read more in a full report at TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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The House voted 209-198 Wednesday to overturn a Biden administration waiver that allows federal funds to go to electric vehicle (EV) chargers even if the chargers are not made from U.S.-produced steel and iron. |
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| The Biden administration announced Thursday that it was issuing $623 million in grants to fund 47 electric vehicle (EV) charging and other alternative vehicle fueling infrastructure projects. |
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GOP presidential candidates former United Nations Ambassador Nikki Haley and Florida Gov. Ron DeSantis pointed to emissions from China and promised to eliminate the Biden administration's environmental policies when asked about the threat of climate change at an Iowa debate Wednesday. |
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Branch out with a different read on The Hill: |
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Chemicals leaching from plastics are leaving Americans notably sicker and poorer, according to a new study. In 2018 alone, the hormone-disrupting effects of plastics in the nation's food and water led to a quarter of a trillion dollars in additional health care costs, according to findings published on Thursday in the Journal of the Endocrine Society. |
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Upcoming news themes and events we're watching: |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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US oil lobby launches eight-figure ad blitz amid record fossil fuel extraction (The Guardian)
EPA Calls on Telecom Executives to Meet About Lead-Sheathed Phone Cables (The Wall Street Journal) Iran seizes oil tanker involved in U.S. dispute off coast of Oman (CNBC)
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Two key stories on The Hill right now: |
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Hunter Biden's daughter Naomi hit back at Rep. Marjorie Taylor Greene (R-Ga.) Wednesday, saying the lawmaker was "lying" at a House hearing her father attended Wednesday. Read more |
| Former President Trump has lost support in New Hampshire since November, while Republican rival Nikki Haley has gained support in the state’s presidential primary, new polling shows. Read more |
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You're all caught up. See you tomorrow! |
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