9,765.12 TRY BIST 100 BIST 100
4.84 CNY CNY CNY
35.13 USD USD USD
36.48 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.50 TRY Interest Interest
72.45 USD Fossil Oil Fossil Oil
29.03 USD Silver Silver
4.09 USD Copper Copper
100.71 USD Iron Ore Iron Ore
351.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,600.46 TRY Gold (gr) Gold (gr)

US joins UN's 24/7 carbon-free energy initiative to achieve ambitious clean energy goals

Biden administration pledges zero emissions electricity for federal operations by 2030.

US joins UN's 24/7 carbon-free energy initiative to achieve ambitious clean energy goals

In a significant move towards environmental sustainability, the United States has officially joined the United Nations' 24/7 Carbon-Free Energy Compact, committing to offset every kilowatt of electricity consumption with zero-emission generation. Spearheaded by the Biden administration, the ambitious goal aims to transition the federal government's entire electricity usage to zero-emission resources by 2030, with half of it sourced from locally supplied renewables operating on a continuous 24/7 basis.

This commitment not only positions the U.S. as a leader in the global effort to combat climate change but also holds the promise of creating high-paying jobs for American workers and fostering healthier air quality in communities nationwide.

Despite its noble intentions, achieving round-the-clock carbon-pollution-free electricity involves intricate challenges beyond the mere procurement of clean energy. The transition necessitates transformative changes within the renewable energy certificate (REC) market, a key component in the sustainable energy landscape.

Large-scale electricity consumers traditionally rely on local generation, often resorting to coal- or gas-fired power plants during periods of reduced solar and wind power availability. To enable seamless 24/7 renewable energy purchases, modifications to the existing REC framework are imperative.

One critical aspect involves the enhancement of generation tracking registries to offer more granular RECs, facilitating precise tracking of clean energy sources. Accelerating this process could be incentivized through federal government initiatives, paving the way for a smoother transition to a carbon-free energy future.

The U.S.'s commitment to this transformative initiative signifies not only a pledge to combat climate change but also a recognition of the complexities involved in achieving a constant supply of renewable energy. As the nation takes strides towards a greener future, the collaboration between government, industries, and energy stakeholders becomes increasingly crucial.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Dofer Yapı expands Karabük factory: Receives 31.6 million TL investment incentive certificate

Sunday, December 22, 2024

Europe's crude steel production increased

Wednesday, December 18, 2024

Kardemir's 'Power Plant' has been commissioned

Sunday, December 22, 2024

Hasçelik becomes the leader in cold bar exports in 2023

Sunday, December 22, 2024

European car sales decreased by 2% in november

Sunday, December 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now