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Ninth annual Green Innovation Index finds California light-duty vehicle emissions spike; major challenge to 2030 climate goals

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As gasoline prices fell starting in late 2014, motorists logged an additional 2.7 billion vehicle miles traveled (VMT) in 2015, with a concomitant increase in gasoline consumption. Cheap gas prices and a strong economy are creating increased goods movement and prompting Californians to drive more. from 2014 to 2015.

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Auerbach adds that due to economies of scale and over capacity in the industry “ wind energy should have a 20% reduction in equipment costs within the next year ” and he has seen realistic projections of “ solar, with a 10% tax credit, being competitive with baseline generation in 2020 ”. Cap and Trade Disappointment.

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