Powering Up: This Week’s Hottest Energy Headlines
First up on the list, the Biden administration recently announced the first-ever wind energy lease sale in the Gulf of Mexico, a follow-up to the administration’s promise to increase renewable energy production.
In CCS news, a UT-Austin study laid out the ability of underground salt biomes to play a key role in the Energy Transition.
On the regulatory front, the EPA undid a major Trump-era power plant rollback, restoring tighter regulations on coal-fired power plants’ GHG emissions.
Overseas, as UK salad production wilts due to soaring energy costs, farmers are seeking financial assistance to offset the economic damage of rising energy prices, highlighting the need for balanced energy policy.
On the affordability front, a recent report detailed how soaring energy costs could push 141 million people into extreme poverty. The findings underscore the devastating impact that energy prices can have on the world’s most vulnerable populations.
Globally, as energy prices soared and millions dealt with reliability issues, world governments spent a record $1 trillion last year subsidizing fossil fuels, a demonstration of the need for a balanced energy mix.
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