NewEnergyNews: QUICK NEWS, November 19: Astonishing Things About New Energy, Part 3: Carbon Sink; Midterm Political Shift Means More New Energy


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    Monday, November 19, 2018

    QUICK NEWS, November 19: Astonishing Things About New Energy, Part 3: Carbon Sink; Midterm Political Shift Means More New Energy

    Astonishing Things About New Energy, Part 3: Carbon Sink 5 Hard-to-Believe Renewable Energy Facts…

    Maxx Chatsko, November 11, 2018 (The Motley Fool)

    “…American ethanol helps create the biggest carbon sink on the planet..When low-orbit satellites survey planet Earth for regions with the most photosynthetic activity, a measure of plant growth and carbon dioxide consumption, jungles and the occasional algal bloom in the ocean stand out as expected. But no region swipes more carbon dioxide out of the atmosphere than the American Midwest, home to America's Corn Belt…[which is home to over 90% of the country's ethanol production and more than half of total global output…

    That has created problems in recent years for producers such as Archer Daniels Midland and Green Plains(NASDAQ:GPRE), which are drowning in oversupply, but the industry is taking a lesson from the country's oil and gas boom with hopes to create a more sustainable future: exporting the excess…The United States is on track to export 1.8 billion gallons of ethanol in 2018, and it has now exported over 1 billion gallons for three consecutive years. Considering more export terminals are coming online this year and next, and nearly 1 billion gallons of ethanol production capacity remains offline, this is a trend that shows no signs of slowing…” click here for more

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    Midterm Political Shift Means More New Energy States lead the way on pivotal shift toward renewable energy after midterms; The election of pro-clean energy governors raises hopes of wind and solar industry sectors.

    Mark Hand, November 18, 2018 (ThinkProgress)

    The shift in the political balance at the state level following the midterm elections will produce far more benefits for the renewable energy industry — at least in the next few years — than the Democratic takeover of the U.S. House of Representatives, according to clean energy experts…Voters in several states elected Democratic governors in previously Republican-controlled states, shakeups that could lead to a more rapid advancement of clean energy policies. The Democratic Party also seized control of seven state legislatures, according to data from the National Conference of State Legislatures, a shift that could make it easier to pass laws favorable to renewable energy…

    …[Gregory Wetstone, president and CEO of the American Council on Renewable Energy (ACORE), called the midterm election’s outcome a ‘seismic shift’ in the political landscape…[Renewable energy standards and the establishment of clean energy incentives could gain even more momentum due to what happened in the governors’ races and in state legislatures, he predicted…Although renewables legislation used to be more bipartisan, Democrats have been far more likely to support renewable energy-friendly policies than Republicans since the rise of the Koch Brothers and other pro-fossil fuel political funders a decade ago…In the next Congress, there could be opportunities for the passage of bipartisan legislation, but nothing on the scale needed to adequately address the climate crisis…” click here for more

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