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Climate

What’s in the COP29 ‘Action Agenda’

On Azerbaijan’s plans, offshore wind auctions, and solar jobs

What’s in the COP29 ‘Action Agenda’
Heatmap Illustration/Getty Images

Current conditions: Thousands of firefighters are battling raging blazes in Portugal • Shanghai could be hit by another typhoon this week • More than 18 inches of rain fell in less than 24 hours in Carolina Beach, which forecasters say is a one-in-a-thousand-year event.

THE TOP FIVE

1. Azerbaijan unveils COP29 ‘action agenda’

Azerbaijan, the host of this year’s COP29, today put forward a list of “non-negotiated” initiatives for the November climate summit that will “supplement” the official mandated program. The action plan includes the creation of a new “Climate Finance Action Fun” that will take (voluntary) contributions from fossil fuel producing countries, a call for increasing battery storage capacity, an appeal for a global “truce” during the event, and a declaration aimed at curbing methane emissions from waste (which the Financial Times noted is “only the third most common man-made source of methane, after the energy and agricultural sectors”). The plan makes no mention of furthering efforts to phase out fossil fuels in the energy system.

2. Biden administration announces date for Gulf of Maine offshore wind lease sale

The Interior Department set a date for an offshore wind energy lease sale in the Gulf of Maine, an area which the government sees as suitable for developing floating offshore wind technology. The auction will take place on October 29 and cover eight areas on the Outer Continental Shelf off Massachusetts, New Hampshire, and Maine. The area could provide 13 gigawatts of offshore wind energy, if fully developed. The Biden administration has a goal of installing 30 GW of offshore wind by 2030, and has approved about half that amount so far. The DOI’s terms and conditions for the October lease sale include “stipulations designed to promote the development of a robust domestic U.S. supply chain for floating wind.” Floating offshore wind turbines can be deployed in much deeper waters than traditional offshore projects, and could therefore unlock large areas for clean power generation. Last month the government gave the green light for researchers to study floating turbines in the Gulf of Maine.

3. BP to sell its U.S. onshore wind business

In other wind news, BP is selling its U.S. onshore wind business, bp Wind Energy. The firm’s 10 wind farm projects have a total generating capacity of 1.3 gigawatts and analysts think they could be worth $2 billion. When it comes to renewables, the fossil fuel giant said it is focusing on investing in solar growth, and onshore wind is “not aligned” with those plans.

4. Solar jobs grew last year but hiring challenges remain

The number of jobs in the U.S. solar industry last year grew to 279,447, up 6% from 2022, according to a new report from the nonprofit Interstate Renewable Energy Council. Utility-scale solar added 1,888 jobs in 2023, a 6.8% increase and a nice rebound from 2022, when the utility-scale solar market recorded a loss in jobs. The report warns that we might not see the same kind of growth for solar jobs in 2024, though. Residential installations have dropped, and large utility-scale projects are struggling with grid connection. The report’s authors also note that as the industry grows, it faces a shortage of skilled workers.

Interstate Renewable Energy Council

Most employers reported that hiring qualified solar workers was difficult, especially in installation and project development. “It’s difficult because our projects are built in very rural areas where there just aren't a lot of people,” one interviewee who works at a utility-scale solar firm said. “We strive to hire as many local people as possible because we want local communities to feel the economic impact or benefit from our projects. So in some communities where we go, it is difficult to find local people that are skilled and can perform the work.”

5. Death toll rises from Europe’s floods

The torrential rain that has battered central Europe is tapering off a bit, but the danger of rising water remains. “The massive amounts of rain that fell is now working its way through the river systems and we are starting to see flooding in areas that avoided the worst of the rain,” BBC meteorologist Matt Taylor explained. The Polish city of Nysa told its 44,000 residents to leave yesterday as water rose. In the Czech Republic, 70% of the town of Litovel was submerged in 3 feet of flooding. The death toll from the disaster has risen to 18. Now the forecast is calling for heavy rain in Italy. “The catastrophic rainfall hitting central Europe is exactly what scientists expect with climate change,” Joyce Kimutai, a climate scientist with Imperial College London’s Grantham Institute, toldThe Guardian.

X/WxNB_

THE KICKER

A recent study examining the effects of London’s ultra-low emissions zone on how students get to school found that a year after the rules came into effect, many students had switched to walking, biking, or taking public transport instead of being driven in private vehicles.

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Politics

AM Briefing: The Megabill Goes to the House

On the budget debate, MethaneSAT’s untimely demise, and Nvidia

House Republicans Are Already Divided on the Megabill
Heatmap Illustration/Getty Images

Current conditions: The northwestern U.S. faces “above average significant wildfire potential” for July • A month’s worth of rain fell over just 12 hours in China’s Hubei province, forcing evacuations • The top floor of the Eiffel Tower is closed today due to extreme heat.

THE TOP FIVE

1. House takes up GOP’s megabill

The Senate finally passed its version of Trump’s One Big Beautiful Bill Act Tuesday morning, sending the tax package back to the House in hopes of delivering it to Trump by the July 4 holiday. The excise tax on renewables that had been stuffed into the bill over the weekend was removed after Senator Lisa Murkowski of Alaska struck a deal with the Senate leadership designed to secure her vote. In her piece examining exactly what’s in the bill, Heatmap’s Emily Pontecorvo explains that even without the excise tax, the bill would “gum up the works for clean energy projects across the spectrum due to new phase-out schedules for tax credits and fast-approaching deadlines to meet complex foreign sourcing rules.” Debate on the legislation begins on the House floor today. House Speaker Mike Johnson has said he doesn’t like the legislation, and a handful of other Republicans have already signaled they won’t vote for it.

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Yellow
Podcast

Shift Key Summer School: What Is a Watt?

Jesse teaches Rob the basics of energy, power, and what it all has to do with the grid.

Power lines.
Heatmap Illustration/Getty Images

What is the difference between energy and power? How does the power grid work? And what’s the difference between a megawatt and a megawatt-hour?

On this week’s episode, we answer those questions and many, many more. This is the start of a new series: Shift Key Summer School. It’s a series of introductory “lecture conversations” meant to cover the basics of energy and the power grid for listeners of every experience level and background. In less than an hour, we try to get you up to speed on how to think about energy, power, horsepower, volts, amps, and what uses (approximately) 1 watt-hour, 1 kilowatt-hour, 1 megawatt-hour, and 1 gigawatt-hour.

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Green
Electric Vehicles

The Best Time to Buy an EV Is Probably Right Now

If the Senate reconciliation bill gets enacted as written, you’ve got about 92 days left to seal the deal.

A VW ID. Buzz.
Heatmap Illustration/Getty Images

If you were thinking about buying or leasing an electric vehicle at some point, you should probably get on it like, right now. Because while it is not guaranteed that the House will approve the budget reconciliation bill that cleared the Senate Tuesday, it is highly likely. Assuming the bill as it’s currently written becomes law, EV tax credits will be gone as of October 1.

The Senate bill guts the subsidies for consumer purchases of electric vehicles, a longstanding goal of the Trump administration. Specifically, it would scrap the 30D tax credit by September 30 of this year, a harsher cut-off than the version of the bill that passed the House, which would have axed the credit by the end of 2025 except for automakers that had sold fewer than 200,000 electric vehicles. The credit as it exists now is worth up to $7,500 for cars with an MSRP below $55,000 (and trucks and sports utility vehicles under $80,000), and, under the Inflation Reduction Act, would have lasted through the end of 2032. The Senate bill also axes the $4,000 used EV tax credit at the end of September.

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