A divided Michigan House passes legislation requiring utilities to draw 100 percent of their energy from clean sources by 2040. That's a later timeline than environmentalists had sought — and foes say it will raise rates — but many say the reform is overdue.
I’m sure governments will treat this with as much urgency as they’ve been the past 2 decades or so. Whatever they’re planning, it’s not happening fast enough and with the biggest offenders not even approaching the table to discuss a solution, I’m not optimistic 2040 is feasible.
Maybe for a long tail - but I think there were a few reports from other places that phaseout can happen faster than expected :)
I am just worried that fossil prices drop because nobody buys them, making it super cheap again.
That’s only checks notes 10 years after we’re all fucked.
The final deadline is 2040. It means steady decarbonization between now and then, not “do nothing, then suddenly switch”
I’m sure governments will treat this with as much urgency as they’ve been the past 2 decades or so. Whatever they’re planning, it’s not happening fast enough and with the biggest offenders not even approaching the table to discuss a solution, I’m not optimistic 2040 is feasible.
don’t worry, they will move it another 10 years further!
Maybe for a long tail - but I think there were a few reports from other places that phaseout can happen faster than expected :) I am just worried that fossil prices drop because nobody buys them, making it super cheap again.