NEW YORK — Clean energy sources are growing much faster, and carbon emission reductions are larger than were predicted a decade ago.
According to the Natural Resources Defense Council's fifth annual energy report, in 2016 the nation's installed solar energy capacity was 46 times greater than the U.S. Energy Information Administration predicted, and wind power capacity was 350 percent more than forecast.
And according to Amanda Levin, co-author of the report, the benefits of moving away from fossil fuels are exceeding the predictions as well.
"Air pollution and greenhouse gas emissions are declining,” Levin said. “And at the same time, we have seen energy costs as a function of spending fall to record lows.”
She added that clean energy is also one of the fastest-growing sources of new jobs and contributes billions of dollars to the U.S. economy every year.
The pace of clean energy growth also is accelerating. Levin said in 2016, the U.S. added 14 gigawatts of solar capacity.
"That is almost twice as much solar added in a single year than we've ever added before,” she said. "That is enough solar capacity to power almost 5 to 6 million homes."
Last year, for the first time, wind and solar energy accounted for more than 10 percent of all monthly electricity generation in the United States.
And the cost of new, clean energy infrastructure has been falling. Levin said an annual report on the expected cost of new generating facilities found that, in the United States today, it cost about $32 per megawatt hour to build new wind power capacity.
"Gas is closer to about $48,” she said. "So it is $16 a megawatt hour cheaper to build a new wind farm in the U.S. than it is to build a new gas plant."
Levin said she believes the constantly improving economics of clean energy are likely to keep the momentum going, despite new political support for fossil fuels in Washington.
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More than $7 billion in Colorado's GDP and 9,600 jobs are projected to be lost under President Donald Trump's signature tax and spending bill which cuts incentives for clean energy, according to a new report by the nonpartisan think tank Energy Innovation.
Solar and wind capacity is expected to drop by 340 gigawatts, raising home energy costs by an extra $170 per year.
Margaret Kran-Annexstein, director of the Colorado chapter of the Sierra Club, said the new law reverses years of work transitioning to a clean energy economy.
"We have seen how investments in clean energy programs can attract more jobs, and can help people lower their electricity costs," Kran-Annexstein pointed out.
Trump campaigned on promises to end climate mitigation efforts and to bring down energy costs by increasing the use of fossil fuels. Republicans critical of clean energy tax credits have argued they amount to the government picking industry winners and losers. According to a separate industry analysis, just 30% of U.S. solar and 57% of wind projects are expected to survive under the new GOP law.
Oil and gas companies have benefited from taxpayer subsidies for decades and currently receive $170 billion a year. Kran-Annexstein noted efforts to boost clean energy, to slow climate change and reduce air pollution, pale by comparison.
"This bill is going to be giving polluters an additional $15 billion tax break, while gutting clean energy programs," Kran-Annexstein explained. "We need to be investing in solutions, and we also need to not be giving tax breaks to the companies that are causing these problems."
The new GOP law cuts more than $1 trillion from Medicaid and SNAP to finance Trump administration priorities including extending 2017 tax cuts. Kran-Annexstein worries ramping up fossil fuel production and limiting health coverage will produce dire consequences.
"If we're revoking people's access to health care, and we're going to be seeing increases in the amount of pollution, people are going to be sick and people are going to die," Kran-Annexstein contended.
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Despite last-minute concessions in the Trump administration's budget, which removes alternative energy tax incentives, rural Alaska power providers now face huge obstacles to distributing power to the most rural and isolated parts of the state.
Investments in wind and solar power now face an uphill battle. Alaska's extreme weather and challenging geography already make power generation difficult and expensive. Now, with fewer incentives to diversify, the state's most isolated places will be forced to continue relying on fossil fuels for their electricity.
Pierre Lonewolf, board member of the Kotzebue Electric Association, said the loss of tax incentives means critical alternative energy programs are dead in the water.
"That has put the kibosh on our wind projects, which we are partnering with the local tribe to install two more megawatt wind turbines, another megawatt or so of solar," Lonewolf explained.
Sen. Lisa Murkowski, R-Alaska, voted for the budget bill but only after she worked to secure some alternative energy tax incentives and funding for Native whale hunters back into the measure in the debate's eleventh hour.
Lonewolf added village and tribal members have worked to move away from diesel fuel for power generation and said a lack of incentives to diversify to wind and solar will fall directly on rural Alaska's consumers who need affordable power to heat their homes.
"We don't want to have to raise our prices on electricity but we have to cover our costs to pay our people," Lonewolf acknowledged.
Kotzebue is a gateway for the diesel fuel powering 10 villages in rural Alaska. What Lonewolf called a war on renewable energy will only cause prices to keep rising in parts of the state that can least afford it.
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Renewable energy got short shrift in the budget bill passed by Congress last week and a New Mexico trade association said companies and their employees will suffer.
The bill quickly phases out tax incentives and investments for wind and solar power passed under the Biden-era Inflation Reduction Act.
Jim DesJardins, executive director of the Renewable Energy Industries Association of New Mexico, said both consumers and businesses in the solar industry have made huge investments due to the incentives.
"There's people who've got loans on their homes, and overnight this bill is going to pull the rug out from underneath them," DesJardins asserted. "This will destroy thousands of businesses, will put tens of thousands of people out of work, for what? Why are we doing this?"
Since passage of the Inflation Reduction Act in 2022, a boom in renewable energy has led to more than $300 billion in spending. Another $500 billion dollars was allocated for clean energy projects but those could now be abandoned.
New Mexico is the second-largest crude oil producer in the U.S. and with more than 300 days of sunshine, it is considered among the top 10 states for potential solar development. Most experts are not predicting a collapse in the renewable energy industry but without federal subsidies and tax credits, solar and wind farms could become more expensive.
After signing a contract, DesJardins pointed out it can take years to get a solar project off the ground and Trump's new bill would let incentives expire before the end of 2027.
"There's just so much uncertainty for a large solar project you can't say, 'Oh, we're going to put it into operation on this day.' It just doesn't work like that," DesJardins stressed. "We need to stop this herky-jerky way of doing policy whether it's for farmers, whether it's for renewable energy, it's just very counterproductive."
Despite the setback to wind and solar, DesJardins believes renewable industries will persevere, one way or another.
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