NewEnergyNews: Slow Transition To New Energy Threatens Music City

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  • MONDAY STUDY: A Look Ahead At New Energy In Buildings

    Wednesday, October 21, 2020

    Slow Transition To New Energy Threatens Music City

    The TVA’s slower pace toward renewable energy weakens Nashville’s future, report finds; The report suggests Nashville and communities in seven southeast states could suffer economically if the TVA doesn’t speed up its energy transition

    James Bruggers, October 7, 2020 (Inside Climate News)

    A growing number of electric utilities in the United States have made pledges to reach "net-zero" carbon dioxide emissions by 2050. But not the Tennessee Valley Authority, the nation's largest public utility…[And, according to a new report, TVA's energy policies could make Nashville, also called Music City,] less attractive as a venue for businesses that are decarbonizing their operations… throughout the TVA's seven-state service area…As a monopoly, TVA is insulated from competitive market pressures. But it is also subject to pressure from the federal government…[B]efore the TVA board voted in 2019 to close two antiquated coal-fired power plants in Kentucky and Tennessee, it heard complaints from President Donald Trump, Sen. Majority Leader Mitch McConnell, R-Kentucky, and Gov. Matt Bevin, R-Kentucky…

    ...[L]arger cities within TVA's territory have been asking for more renewable energy…[and] have pledged to meet the goals of the Paris climate agreement…Memphis has been studying whether to leave the TVA, and whether renewable energy could help lower electricity rates…[Nashville, Knoxville, and Memphis were recently ranked in the bottom half] among 100 major American cities in efforts to make buildings and transportation more energy efficient and to scale up the use of renewable energy…[TVA officials say nuclear and hydroelectric power will increase carbon-free electricity from 56 percent this year to 70 percent] by 2030…[but if] TVA's plans are projected to 2050, its percentage of total renewable energy capacity would be, on average, 40 percent less by 2050 than the utilities in [comparable] cities…The report recommends, among other things, that Nashville work with the TVA to set a 2050 carbon reduction goal that achieves at least 80 percent—and preferably, 100 percent—reduction in emissions…[and] increase renewable energy generation…” click here for more

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