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Search resuls for: "Phred Dvorak"


4 mentions found


Solar accounts for about 4% of U.S. power generation. President Biden and other advocates of green energy are trying to boost that number significantly. To make that happen, though, the U.S. would need to build a supply chain almost from scratch.
Gabon Targets a Huge Payday With Carbon Credits
  + stars: | 2022-11-10 | by ( Phred Dvorak | ) www.wsj.com   time to read: 1 min
The African nation of Gabon, one of the most densely forested on earth, is launching the world’s biggest sale of carbon offset credits. The plan could net the country billions of dollars and upend the fast-growing market for carbon credits. Gabon, which sits on Africa’s west coast, is 88% forest. It has slowed the cutting of those trees, and is now seeking to sell credits for the emissions decline it has achieved. The trees pull carbon dioxide from the atmosphere, reducing greenhouse gases.
China is sending a large delegation to the United Nations climate summit in Egypt, but it is unlikely to bow to demands to strengthen its pledge to reduce greenhouse-gas emissions, China energy experts say. The country wants to appear independent, rather than in collaboration with the U.S., when it makes any new climate commitments, they say. It is facing criticism from the U.S. and other countries that its pledges to reduce greenhouse-gas emissions aren’t aggressive enough.
Businesses Race for U.S. Climate Incentives
  + stars: | 2022-09-27 | by ( Phred Dvorak | ) www.wsj.com   time to read: 1 min
Businesses and financiers are scrambling to tap billions of dollars in U.S. clean-energy incentives, spurring what executives and government officials say is a frenzy of deal making in the renewable-power and emissions-reduction sectors. At one of the first big clean-energy conferences since the U.S. passed legislation full of incentives for renewable power and other climate measures, corporate executives crammed into standing-room-only meetings on green steel and hydrogen fuel.
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