- Renewable power met about 44% of Portugal’s electricity demand in 2017, data from the Portuguese Association of Renewable Energy shows. In 2017, thanks to renewable power plants, the average price of electricity in the wholesale market fell to €18.3/MWh (US 2.18¢/kWh), for savings to the consumer of €727 million. [Renewables Now]
Wind farm in Portugal (StockPhotosArt | Shutterstock.com)
- A report released by the National Institute of Building Sciences, found that every $1 the federal government spends on so-called mitigation projects, such as elevating homes at risk of flooding, improving stormwater management systems, or strengthening buildings against earthquakes, reduces future costs by an average of $6. [Insurance Journal]
- The Trump administration’s proposal to open vast portions of US coastline to oil drilling was met with ferocious opposition from a number of the coastal governors it would affect. At least one governor, Florida’s Rick Scott, a Republican, asked for and received a waiver from the administration. The waiver drew accusations of favoritism. [CNN]
- Superstorm Sandy caused more than $71 billion in economic damage, according to the National Hurricane Center. New York City has spent billions on repairs. Now, the city wants the five largest oil companies to reimburse it for its losses and pay for the infrastructure improvements needed to protect the city for the future. [CleanTechnica]
- Diablo Canyon, the last nuclear plant in California, will begin shutting down operations in six years. State regulators approved a plan outlining details of the closure unanimously. The decision comes after the nuclear plant’s operator made an agreement with a collection of environmental and labor groups to shutter the plant. [Thegardenisland.com]
For more news, please visit geoharvey – Daily News about Energy and Climate Change.