As potential legislation, the so-called 'Green New Deal' certainly could have had a better launch. But despite a not-quite-ready-for-prime-time roll-out, its key goal of de-carbonization is gaining ground on both sides of the aisle in Congress, and more importantly with industry.
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Getting there depends on the premise that"continued technology improvements and cost declines" will follow current multi-year trends. But as Robo points out, those economics if achieved will be"cheaper than the operating cost of coal, nuclear and less fuel efficient oil and gas units." Natural gas and new nuclear are not favored by the principal Green New Deal sponsors. But the combination of cheap and abundant supplies from shale and new takeaway capacity is speeding electric utilities’ switch from coal to gas in the US, and from fuel oil to gas in Mexico., which transports 40 percent of US gas, forecasts a 32 percent lift in US demand including exports by 2030. to get its two new reactors up and running at the Vogtle site in Georgia without major new cost overruns.
Niche lending to renewable energy and efficiency projects is already big business, demonstrated by robust fourth-quarter results at. Technically a business development company, Hannon is organized as a real estate investment trust, allowing it to shelter income and pay a generous dividend.
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