Changing Renewable Targets | EarthxNews | EarthX
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Amidst global decarbonization trends, several European utility companies, including Statkraft, EDP Renewables, and Ørsted, are scaling back their renewable targets, citing low interest rates and rising costs.
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Amidst global decarbonization trends, several European utility companies, including Statkraft, EDP Renewables, and Ørsted, are scaling back their renewable targets, citing low interest rates and rising costs.
About EarthxNews:
A weekly program dedicated to covering the stories that shape the planet. Featuring the latest updates in energy, environment, tech, climate, and more.
EarthX
Love Our Planet.
The Official Network of Earth Day.
About Us:
At EarthX, we believe our planet is a pretty special place. The people, landscapes, and critters are likely unique to the entire universe, so we consider ourselves lucky to be here. We are committed to protecting the environment by inspiring conservation and sustainability, and our programming along with our range of expert hosts support this mission. We’re glad you’re with us.
EarthX is a media company dedicated to inspiring people to care about the planet. We take an omni channel approach to reach audiences of every age through its robust 24/7 linear channel distributed across cable and FAST outlets, along with dynamic, solution oriented short form content on social and digital platforms. EarthX is home to original series, documentaries and snackable content that offer sustainable solutions to environmental challenges. EarthX is the only network that delivers entertaining and inspiring topics that impact and inspire our lives on climate and sustainability.
EarthX Website: https://earthxmedia.com/
Follow Us:
Instagram: https://www.instagram.com/earthxtv/
LinkedIn: https://www.linkedin.com/company/earthxtv
Facebook: https://www.facebook.com/earthxtv
How to watch:
United States:
- Spectrum
- AT&T U-verse (1267)
- DIRECTV (267)
- Philo
- FuboTV
- Plex
#EarthDay #Environment #Sustainability #Eco-friendly #Conservation #EarthxTV #EarthX
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TVTranscript
00:00Several European utility companies are scaling back their renewable targets, according to
00:07media reports. Some of the companies tamping down their targets include Statkraft, the
00:12largest producer of hydropower in Europe. Company officials say the organization is
00:17reviewing its annual targets for new renewables capacity. Meantime, Portuguese energy company
00:23EDP is cutting back its plans, citing high interest rates and lower power prices. Those
00:30announcements come as Denmark's Ørsted, the world's largest offshore wind developer,
00:35said it was reducing its renewable goals for 2030 by more than 10 gigawatts after it abandoned
00:41two large U.S.-based projects due to rising costs. The push to develop renewables comes
00:46after countries agreed to work towards tripling capacity to 11,000 gigawatts by 2030 at the
00:53COP28 climate summit in December. However, industry analysts suggest the number of companies
00:58scaling back and reviewing plans highlights the economic difficulties of transitioning
01:03away from fossil fuels, saying, quote, there has been a big reality check around renewables
01:09growth and there's been a huge change in the cost environment.