Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.PR.A | T.AQN.PR.D | AGQPF

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Post by bmbruceon Dec 29, 2020 5:52am
353 Views
Post# 32189741

U.S.-The most substantial federal investment in renewables

U.S.-The most substantial federal investment in renewables

Stimulus deal includes raft of provisions to fight climate change


"The most substantial federal investment in green technology in a decade includes billions for solar, wind, battery storage and carbon capture. Congress also agreed to cut the use of HFCs, chemicals used in refrigeration that are driving global warming.


In one of the biggest victories for U.S. climate action in a decade, Congress has moved to phase out a class of potent planet-warming chemicals and provide billions of dollars for renewable energy and efforts to suck carbon from the atmosphere as part of the $900 billion coronavirus relief package.

 

The legislation, which Congress approved moments before midnight Monday, wraps together several bills with bipartisan backing and support from an unusual coalition of environmentalists and industry groups.

It will cut the use of hydrofluorocarbons (HFCs), chemicals used in air conditioners and refrigerators that are hundreds of times worse for the climate than carbon dioxide. It authorizes a sweeping set of new renewable energy measures, including tax credit extensions and new research and development programs for solar, wind and energy storage; funding for energy efficiency projects; upgrades to the electric grid and a new commitment to research on removing carbon from the atmosphere. And it reauthorizes an Environmental Protection Agency program to curb emissions from diesel engines.

 
 

The legislation also includes key language on the “sense of Congress” that the Energy Department must prioritize funding for research to power the United States with 100 percent “clean, renewable, or zero-emission energy sources” — a rare declaration that the nation should be striving toward net-zero carbon emissions.

“This is perhaps the most significant climate legislation Congress has ever passed,” said Grant Carlisle, a senior policy adviser at the Natural Resources Defense Council.

The HFC measure, which empowers the EPA to cut the production and use of HFCs by 85 percent over the next 15 years, is expected to save as much as half a degree Celsius of warming by the end of the century. Scientists say the world needs to constrain the increase in the average global temperature to less than 2 degrees Celsius compared with preindustrial times to avoid catastrophic, irreversible damage to the planet. Some places around the globe are already experiencing an average temperature rise beyond that threshold.

 
 

Advocates say the $35 billion of new funding for renewable technology and energy efficiency in the legislation will also help reduce pollution that is driving global warming and provide a much-needed boost to federal energy programs that haven’t been updated since 2007.
....."


https://www.washingtonpost.com/climate-solutions/2020/12/21/congress-climate-spending/

 

 
 

<< Previous
Bullboard Posts
Next >>