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The US is on track to hit a goal of cutting greenhouse-gas emissions by 40% by 2030, but it's going to be a tall order.
A new report from the Clean Investment Monitor finds that the US power sector added 32.3 gigawatts of zero-carbon electricity generation and storage capacity in 2023, a 32% increase over the previous record set in 2022.
That's just enough to hit the bottom end of the forecast range of 60 to 127 gigawatts by 2024, according to the Rhodium Group, but it's not enough to meet the overall US climate goals, which call for a 40% cut in emissions by 2030 and a 50% cut in carbon dioxide emissions by 2050.
To meet those goals, the US will need to add an average of 70 gigawatts of clean energy capacity every year between 2025 and 2030, more than twice the amount added every year during the previous decade, reports the New York Times.
That's because the cost of clean energy is rising, as is the time it takes for wind and solar developers to get their projects approved and connected to the national power grid.
And in some regions, the wait time for wind and solar developers is three and a half years, and grid-upgrade costs are rising
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Community Foundation for Northeast Michigan
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Foundation: Community Foundation of Jackson Hole
The Community Foundation of Jackson Hole has provided grant funding that will serve as the needed spark for 26 local nonprofits.The foundation awarded its inaugural group of nonprofits, focusing its...more
ArtCity: Tacoma Mapping Project is an oral history initiative dedicated to visually mapping Tacoma's creative ecosystem.27th Annual Asia Pacific New Year Celebration featuring India is a...more
The list of arts projects to be funded by the China National Arts Fund 2025.The projects selected for 2025 cover areas such as large-scale productions, small- scale productions, visual arts...more
BIMM University is home to four specialist schools that cater to various creative disciplines.Students specialise in modern music, performing arts, filmmaking, and creative technology.The curriculum...more
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Creative Australia has announced the appointment of Leisa Bacon as its new Executive Director, Development and Partnerships.Bacon brings over 20 years of executive leadership experience in major...more
Social Entrepreneurship
Spotlight
Keeping Half the Profits Beats Non-profits for Social Impact
Melbourne social enterprise Who Gives A Crap sold nearly 3 million rolls of toilet paper in 2014/15 and gave half the proceeds to WaterAid Australia, but co-founder Simon Griffiths says the donation would have been less had the startup adopted a non-profit model when it launched two years ago.
