This Week in Climate & Clean Energy Wins: Week of 12/4/23


$2.4 Billion$227 Billion$3 Billion
The amount of funding secured by SB Energy Global for U.S. clean energy production.The amount of investments in solar, storage, wind, and hydrogen in the past two years.The amount the White House is pledging towards the global Green Climate Fund.

In private sector news, SB Energy Global secured $2.4 billion to support clean energy deployment and U.S. supply chain growth, creating 3,600 new  good-paying jobs across the country. According to Deloitte, federal investments and regulatory boosts prompted the U.S. to invest $227 billion in utility-scale solar, wind, and hydrogen over the past two years. 

The Federal Energy Regulatory Commission (FERC) and the U.S. Energy Information Administration (IEA)  reported that solar electrical generation in the first three quarters of 2023 outperformed that same period in 2022 by 32.8%. In a recent report, the International Renewable Energy Agency (IRENA) and World Meteorological Organization (WMO) found that 40% of global power generation is renewable. The Rocky Mountain Institute (RMI) launched a framework to aid banks in aligning their financial decisions with international climate goals. 

This week at COP28, the Biden-Harris Administration announced plans to accelerate climate leadership with a $3 billion pledge to the global Green Climate Fund. President Biden’s climate corp is receiving widespread interest from young people leading up to the program’s 2024 launch. 

Lastly, an Arizona non-profit rural electricity company plans to close a coal-fired power plant by leveraging President Biden’s $9.7 billion Empowering Rural America program. Wisconsin legislators have proposed a $78.5 million bill for a statewide electric vehicle (EV) charging network. New York state is welcoming new project developers in a wind power solicitation effort as it works to transition to 70% renewable energy production by 2030

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Biden Administration