BusinessEnvironmentFlorida Power & Light scores high in transition to...

Florida Power & Light scores high in transition to clean energy

-

- Advertisment -sslate

In its latest report rating the progress of utility companies transitioning from fossil fuels such as coal into clean energy like wind and solar, the Sierra Club is giving an overall grade of “D” to utilities, mainly for showing little to no progress.

The report, which calls for more clean energy, claimed although the energy is less expensive than 99% of existing coal and new gas generation, only 20 of the 77 utilities have plans to be entirely coal-free by 2030.

However, Florida Power & Light has earned an exception this year. The state’s largest utility, which is a subsidiary of NextEra, was graded “B” for declaring an end to coal use by 2030.

Susannah Randolph, Florida senior campaign representative for the Sierra Club’s Beyond Coal Campaign, pointed out companies such as NextEra are now recognizing the economic advantages of transitioning to clean energy, depending on market dynamics.

“I think the company has seen now that, when they look at their unregulated market, they’re getting huge profits on renewable energy,” Randolph observed. “In Florida, that philosophy has really taken hold with Florida Power & Light, so we’re seeing huge investment in renewable energies.”

Neither NextEra nor Florida Power & Light responded to a request for comment, but it has a “Real Zero” commitment to eliminate carbon emissions by 2045.

While the Sierra Club is encouraging more utilities to make similar strong commitments, it does call on each utility to provide details on how they plan to achieve those goals and targets.

Last year, the Inflation Reduction Act made hundreds of billions of dollars available to companies to address climate change. Randolph noted there are several economic incentives for utilities to make a clean transition easily.

“We’re seeing enormous direct pay and other types of incentives for municipal utilities to invest in renewable energy,” Randolph explained. “It’s essentially a 30%, 40% off sale on renewable energy.”

According to the report, Duke Energy Florida earned an “F” for clinging to fossil fuels. Duke’s subsidiary companies made an overall “D,” with plans to retire only 30% of coal plant power generation by 2030 while building several new gas plants.

Sunshine Slate
Sunshine Slatehttps://www.sunshineslate.com
Sunshine Slate is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the United States of America.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

From Arrest to Release: The Role of Bail Bonds in the Justice System

The judicial ecosystem comprises various components that work together to afford individuals their constitutional rights

The Balanced Approach to Considering an Uncontested Divorce

An approach such as an uncontested divorce angle can provide a semblance of peace in this otherwise tumultuous process.

Thriving After Divorce: A Guide to Successful Co-Parenting and Child Custody

Co-parenting is a shared endeavor that requires both parents to actively participate in raising their children despite a divorce or separation

A Guide to Co-Parenting and Shared Custody After Divorce

Co-parenting emerges as a strategy wherein both parents actively participate in raising their children, irrespective of the marriage's dissolution.
- Advertisement -

The Significant Role Of Lithium-Ion Capacitors In Today’s Electronics Market

Among the myriad components driving these devices, lithium-ion capacitors stand out as pivotal contributors.

Best Apps and Games for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.
edealo.com
- Advertisement -sslate
transformerscon

Must read

Best Apps and Games for your New Mobile Phone

We can install any app from the google play store very quickly. Let’s take a look at some most amazing apps for android mobile phones.

A Fresh Look at the Contemporary Trends Redefining Tiny Homes

Tiny homes have always stood but never more so than in modern design trends. Present-day tiny homes bank on eco-friendly solutions.
- Advertisement -
- Advertisement -sslate

You might also likeRELATED
Recommended to you