Reactions to the Reconciliation Deal
Energy Terminal Weekly Newsletter
August 2nd 2022 | Issue #18 | Subscribe here
Happy Tuesday!
Welcome to the ET weekly, a platform dedicated to building the next generation of energy leaders. In this week's issue we cover:
📋Joe Manchin and Chuck Schumer's Reconciliation Deal
😡 Broken Climate Pledges
🔋 Wireless Charging?!
💌 A Startup that can Save our Planet
💥The Rise of Coal and What that Means for Climate Change
🌟 Startup Spotlight: Noya
Noya is a carbon dioxide removal (CDR) company that uses direct air capture (DAC). Its business model could allow us to reach our goals of becoming carbon negative.
⏰ Missed Episode 12?
Episodes released bimonthly, subscribe to stay updated!
📚 Reading List (7/25 - 8/01)
O&G 🤝 Reconciliation? Global climate failures? Check out this week’s handpicked reading list to learn more about these groundbreaking energy topics 🔥
🎙️Podcasts:
POLITICO Energy, The oil and gas ‘Easter Eggs’ in reconciliation
Summary 📖 :
O&G industry has found some benefits in the Democrats’ recent climate spending package
One big win for these large O&G companies in this bill is tax credits and grants for projects like carbon capture and hydrogen production, projects O&G companies support
Bill also includes land lease sales for O&G companies
The Daily, Broken Climate Pledges & Europe’s Heat Wave
Summary 📖 :
Parts of England have hit 100 degrees, France has hit record temperatures, and Spain is experiencing an avalanche of wildfires
Russia’s invasion of Ukraine has challenged Europe’s climate plans to cut emissions by half by 2030
The European Parliament voted to classify gas as a “green fuel”, prolonging their reliance on fossil fuels
The Interchange: Recharged, How wave power can supplement wind and solar
Summary 📖 :
Guest Jan Skjoldhammer, CEO of NoviOcean, addresses past failures of wave power and explains how their new technology will change the future of wave power
Wave power is significantly more expensive than other renewable energy sources, so subsidies are likely needed to make them cost-effective in the market
Wave power can help cope with the intermittency of solar and wind by providing a more reliable source of renewable power
📰️ Articles:
Forbes, Wireless EV Charging Company WiTricity Wins Major Investments, Partnership As Cord-Free Charging Expands
Summary 📖 :
WiTricity is developing wireless charging capabilities for electric vehicles, and gaining huge investments to do so
There are estimates that the market for wireless charging in Europe and North America will reach $2 billion by 2028
Plugging in a charger to electric transport vehicles and robots is an efficiency issue, this is another market WiTricity is reaching
Reuters, Global coal demand to match record high this year
Summary 📖 :
“Coal is the largest single source of energy-related CO2 emissions”
High natural gas prices, in large part due to Russia’s invasion of Ukraine, has bolstered global coal demand
The EU and India are seeing the biggest increases in coal demand
Wall Street Journal, What’s in Joe Manchin and Chuck Schumer’s Reconciliation Deal on Climate, Health and Tax Policy
Summary 📖 :
Senator Joe Manchin (W. Va) and Senate Majority Leader Chuck Schumer (D. NY) agreed to a deal to support a legislative package that sends billions to climate, healthcare, prescription-drug policies, and tax policies
The package would spend $369 billion on climate and energy programs, including tax credits for buying electric vehicles and hydrogen vehicles
Preliminary analysis by Rhodium Group shows the proposal could the U.S back on track to reduce GHG by 31 to 44% below 2005 levels by 2030
And head here to check out previous reading lists !
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