Power plant developers and operators plan to install more than 6 gigawatts of offshore wind capacity at sites mostly along the U.S. eastern seaboard over the next seven years, the U.S. Energy Information Administration (EIA) said in a report on Thursday.

While the Biden administration has set a goal of reaching 30 GW offshore capacity by 2030, from just 42 megawatts currently with 2 small projects, the Biden administration noted that projects include the New Jersey, Maryland and Virginia coasts and Lake Erie near Cleveland, Ohio.

U.S. to Add 6 GW Offshore Wind Capacity Through 2029 | Devamı>>>

The Biden administration is partnering with 11 East Coast states to accelerate development of offshore wind facilities and create jobs by supporting a domestic supply chain for the industry, the White House said on Thursday.

With this development, it is part of President Joe Biden’s effort to combat climate change by expanding clean energy technologies. The management set a target to increase the capacity from only 42 megawatts currently to 30 gigawatts by 2030 with 2 small projects.

‘Biden’ 11 U.S. States to Boost Support for Offshore Wind Energy | Devamı>>>

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.

Can We Stop Stressing Over The Green Energy Transition – It Is Bearing Fruit | Devamı>>>

The U.S. wants to expand its offshore wind capacity to 30 gigawatts by 2030, a move the Biden administration hopes will generate thousands of jobs and unlock billions of dollars in investment in coming years.

The target, announced by the Departments of Energy, Interior and Commerce on Monday, represents a significant ramp-up of America’s fledgling offshore wind industry, which trails other parts of the world.

U.S. Announces Plans to Ramp Up Offshore Wind Capacity in a Big Way | Devamı>>>

The Biden administration announced Thursday an effort to slash the cost of solar energy by 60% within the next decade, a feat officials said was essential to achieving the president’s goal of 100% clean energy by 2035.

The solar goal, being implemented by the Energy Department, calls for reducing utility-scale solar energy’s current cost of 4.6 cents per kilowatt-hour to 3 cents by 2025 and 2 cents by 2030.

Plan to Cut Solar Costs by 60 % Unveiled by U.S. Energy Agency | Devamı>>>

Elon Musk says the No. 1 way to decrease carbon dioxide emissions would be to levy a tax on carbon.

“My top recommendation, honestly, would be just add a carbon tax,” Musk told Joe Rogan on The Joe Rogan Experience podcast on Thursday. “The economy works great. Prices and money are just information. … If the price is wrong, the economy doesn’t do the right thing.”

Currently, there is no direct monetary consequence for businesses and industries whose production releases greenhouse gasses into the atmosphere; in other words, it is free to create green house gasses, the most common and pervasive of which is carbon dioxide.

No.1 Way to Decrease Carbondioxide Emissions Would be to Levy a Tax on Carbon | Devamı>>>

The global economy could be on the brink of a new commodity “supercycle” as governments prepare to use a green industrial revolution to kickstart growth following the coronavirus pandemic.

The price of commodities, such as energy and metals, have reached record highs in recent weeks despite the ongoing spread of Covid-19 and are expected to climb further as countries embark on plans for a green economic recovery.

Green Economy Plans Fuel New Metals and Energy ‘Supercycle’ | Devamı>>>