Can We Stop Stressing Over The Green Energy Transition “” It Is Bearing Fruit

energy green transition fruit
Gulf
  • Date: 01-Jul-2021
  • Source: Forbes
  • Sector: Oil & Gas
  • Country: Gulf
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Can We Stop Stressing Over The Green Energy Transition “” It Is Bearing Fruit

FILE - In this Jan. 13, 2021, file photo, wind turbines are silhouetted against the rising sun near ... [+] Spearville, Kan. Evergy, Kansas' largest electric company expects to make its first big investments in solar energy over the next three years and increase wind generating capacity with the goal to produce no net carbon emissions as of 2045. (AP Photo/Charlie Riedel, File) When President Obama conceived of the New Energy Economy in 2009, the opposition labeled it as radical "” something that would bankrupt the country for an amorphous goal. But since 2005, the United States has reduced its annual energy-related CO2 levels by 14% while its economy has grown by 28%. Public policies are encouraging investment in clean energy alternatives, prompting utilities to buy solar-and-wind-powered electricity "” fuels that have dropped precipitously in price and that are now increasingly economic. The public, meanwhile, has been demanding the change while oil and gas operations are also trying to find their niches in a decarbonized world. "The Democrats have won the trifecta," referring to the White House and both chambers of Congress, says Senator Edward Markey, D-Mass., during a talk sponsored by OurEnergyPolicy. "It was fueled by the young and

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