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		<title>Oil prices expected to struggle despite Saudi cuts, but Goldman is more bullish than most</title>
		<link>https://globalnewsvideo.com/2021/01/07/oil-prices-expected-to-struggle-despite-saudi-cuts-but-goldman-is-more-bullish-than-most/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=oil-prices-expected-to-struggle-despite-saudi-cuts-but-goldman-is-more-bullish-than-most</link>
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		<pubDate>Thu, 07 Jan 2021 02:14:36 +0000</pubDate>
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					<description><![CDATA[<p>Oil markets are in for more struggles this year despite a more than 5% boost to prices this week on news from OPEC+. The oil producer group, led by Saudi Arabia and Russia, announced that members would keep production largely steady rather than raising it, with Riyadh later revealing voluntary cuts of an extra 1</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/07/oil-prices-expected-to-struggle-despite-saudi-cuts-but-goldman-is-more-bullish-than-most/">Oil prices expected to struggle despite Saudi cuts, but Goldman is more bullish than most</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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<p>Oil markets are in for more struggles this year despite a more than 5% boost to prices this week on news from OPEC+. The oil producer group, led by Saudi Arabia and Russia, announced that members would keep production largely steady rather than raising it, with Riyadh later revealing voluntary cuts of an extra 1 million barrels per day from its January&#8217;s production levels in February and March.</p>
<p><a href="https://www.cnbc.com/quotes/?symbol=@LCO.1">Brent crude futures</a> traded at $53.81 a barrel on Wednesday afternoon, following a 5% jump on Tuesday that brought the commodity to an 11-month high.&#xA0;</p>
<p>Could crude return to its pre-pandemic levels of more than $60 a barrel in 2021? Not if the outlooks of several forecasters are correct, which throw cold water on bullish hopes for a full demand recovery as Covid-19 vaccines are rolled out in countries across the world.&#xA0;&#xA0;</p>
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<p>An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia.</p>
<p>Simon Dawson | Bloomberg | Getty Images</p>
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<p>A Reuters poll of analysts in late December showed a broad expectation that Brent will average &#8220;a smidge above $50/bbl this year,&#8221; a note from PVM Oil Associates read Wednesday. &#8220;At the heart of this gloomy forecast is the key downside risk for oil prices in 2021: will the new Covid-19 strain that has triggered a flurry of fresh lockdown measures weigh on economic activity and travel demand?&#8221;&#xA0;</p>
<p>In addition to pandemic-induced uncertainty, with many countries seeing increased infections and some seeing fresh lockdowns over the new and highly transmissible Covid variant, the price of crude will also depend on Saudi Arabia and Russia&#8217;s willingness to remain loyal to OPEC+ supply cut agreements &#x2014; disputes over which have seen united fronts collapse in the past.&#xA0;<strong>&#xA0;</strong></p>
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<h2 class="ArticleBody-subtitle">A return to $65 oil? </h2>
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<p>Despite sending prices upward, bearish forecasters chose to view the surprise Saudi production cuts for what they were: an indicator of still weakening demand. OPEC+ in December already delayed its plan to increase production by 2 million barrels per day for January.&#xA0;&#xA0;</p>
<p>Caution remains the overwhelming sentiment among members, with Saudi energy minister Abdulaziz bin Salman highlighting the need for &#8220;prudence.&#8221; As noted by analytics firm Kpler: &#8220;At 3,637 mb (million barrels), global oil inventories are still 220 mb higher y/y, despite having fallen 126 mb from their highs in July 2020.&#8221;&#xA0;&#xA0;</p>
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<p>Goldman Sachs also sees anemic demand in the short term. But its longer-term outlook for the rest of the year is much brighter.&#xA0;</p>
<p>&#8220;Despite this bullish supply agreement (from OPEC), we believe Saudi&#8217;s decision likely reflects signs of weakening demand as lockdowns return, with our updated 1Q21 balance actually weaker than previously,&#8221; Goldman&#8217;s energy team wrote in an analysis published Wednesday.&#xA0;&#xA0;</p>
<p>But, they added: &#8220;Saudi&#8217;s action and the prospect for a tight market in 2Q21, as the rebound in demand stresses the ability to restart production, will likely support prices in coming weeks, leading us to reiterate our bullish oil view.&#8221; The bank sees oil at a robust $65 per barrel by the end of the year, recommending a long December 2021 Brent trade.&#xA0;</p>
<p>&#8220;Our own year-end Brent forecast of $65/bbl is still well above market forwards and consensus expectations,&#8221; the bank noted.&#xA0;</p>
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<h2 class="ArticleBody-subtitle">Tight market ahead?</h2>
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<p>Goldman sees demand rebounding by March, with the arrival of warmer weather and increased vaccinations. Ramping up output at that point will take time, and the bank predicts a crude deficit of 1.3 million barrels a day from April to July &#8220;despite OPEC+ increasing production by 4 mb/d, a historically tall order.&#8221;&#xA0;&#xA0;</p>
<p>&#8220;Net, we believe today&#8217;s outcome will help support prices in the face of demand risks given Saudi&#8217;s commitment to balance the market, the potential for them to cut more than demand actually disappoints, (and) risks of a tighter 2Q21 balance.&#8221;&#xA0;&#xA0;&#xA0;</p>
<p>&#8220;Prices should see limited upside potential in the first half of the year,&#8221; Stephen Brennock at PVM Oil Associates said Wednesday, adding that he expects crude balances to &#8220;tighten further as the impact of the global vaccination drive begins to be felt in earnest. This, in turn, should set the stage for a sustained price recovery. </p>
<p>&#8220;Before that, however, expect the oil market to swing like a pendulum,&#8221; he warned.</p>
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<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/07/oil-prices-expected-to-struggle-despite-saudi-cuts-but-goldman-is-more-bullish-than-most/">Oil prices expected to struggle despite Saudi cuts, but Goldman is more bullish than most</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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		<title>Building A Zero-Waste, Solar-Powered Brewery On An Off-Grid Island</title>
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		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
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					<description><![CDATA[<p>January 6th, 2021 by The Beam&#xA0; By Rebecca Cooke In one of Caleb Clarke&#x2019;s earliest memories, he runs down to the creek near his grandfather&#x2019;s house to fetch casks of ale for his grandfather and his friends. The icy mountain water keeps the bottles cool for them as they sit out on the porch in</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/06/building-a-zero-waste-solar-powered-brewery-on-an-off-grid-island/">Building A Zero-Waste, Solar-Powered Brewery On An Off-Grid Island</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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										<content:encoded><![CDATA[<p><span>January 6th, 2021</span> by <strong><span><a href="https://cleantechnica.com/author/thebeam/" rel="author">The Beam</a></span></strong>&#xA0;</p>
<hr>
<p>By Rebecca Cooke</p>
<p>In one of Caleb Clarke&#x2019;s earliest memories, he runs down to the creek near his grandfather&#x2019;s house to fetch casks of ale for his grandfather and his friends. The icy mountain water keeps the bottles cool for them as they sit out on the porch in the sun drinking and chatting away on a New Zealand summer&#x2019;s day.</p>
<p><a href="https://cleantechnica.com/files/2021/01/Aotea-Brewing-Solar-Charged.jpg"></a>Thirty years later he and his partner Sarah Bowman have opened the doors to New Zealand&#x2019;s first off-grid, zero-waste, solar powered brewery: Aotea Brewing.</p>
<p>Named after the Maori name for Great Barrier Island where the brewery is based, the couple&#x2019;s business model is challenging traditional brewers to produce more sustainable ale.</p>
<p>They serve their signature Solar Charged Ale in refillable stainless steel flagons to islanders, yachties, and tourists who come to Aotea in search of New Zealand&#x2019;s untouched wilderness.</p>
<p>While it&#x2019;s just 62 miles northeast of Auckland, Aotea, Great Barrier Island, is completely off-grid. There is no centralized mains power. No grid-supply electricity, no town-supply water and precious few tarmac sealed roads. Around 80% of the land is designated for conservation. The island is a pristine reserve, home to penguins, dolphins, banded rails, hammerhead sharks, black petrels, and 800 full-time residents who are essentially self-sufficient.</p>
<p>The small but stable island economy revolves around tourism and meeting the basic needs of the islanders. The limited but thriving commercial spaces include a post office, a handful of cafes, four small grocery stores stocked by freight ferries twice per week, and the hub of island gossip: the Irish pub.</p>
<p>But there is a new and ambitious type of business emerging on the island. One that puts sustainability at its core, the one that Sarah and Caleb are spearheading.</p>
<p><a href="https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar.jpg"><img decoding="async" loading="lazy" width="3648" height="2736" class="aligncenter size-full wp-image-228474" src="https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar.jpg" alt="" srcset="https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar.jpg 3648w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar-270x203.jpg 270w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar-570x428.jpg 570w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar-768x576.jpg 768w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar-1536x1152.jpg 1536w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Bar-2048x1536.jpg 2048w" sizes="(max-width: 3648px) 100vw, 3648px"></a></p>
<p>Visiting Aotea Brewing on a balmy afternoon in February, the folksy tunes of a local blue-grass band fills the air. A group of hikers laze in colorful bean bags in the field where the brewery is situated. They drink the Solar Charged Ale from flagons, water bottles, and Nalgene flasks just feet away from the ground-mounted solar panels that supply the brewery with all the power it needs.</p>
<p>There&#x2019;s a relaxed, easy late summer feel to the place and a calming sense that, of all the scenic spots, this is the place to be.</p>
<p>&#x201C;We wanted to contribute to the economy on the island, and start to change the image of off-grid solar,&#x201D; Sarah says from behind the bar.</p>
<p>&#x201C;It&#x2019;s so often seen as merely providing the basics, but we want to show it to be a way of building thriving, cool independent companies that really benefit tourists and islanders.&#x201D;</p>
<p><a href="https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters-.jpg"><img decoding="async" loading="lazy" width="3648" height="2736" class="aligncenter size-full wp-image-228475" src="https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters-.jpg" alt="" srcset="https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters-.jpg 3648w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters--270x203.jpg 270w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters--570x428.jpg 570w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters--768x576.jpg 768w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters--1536x1152.jpg 1536w, https://cleantechnica.com/files/2021/01/Aotea-Brewing-Fermenters--2048x1536.jpg 2048w" sizes="(max-width: 3648px) 100vw, 3648px"></a></p>
<p>Before deciding to become sustainable brewers, Caleb and Sarah both built careers in sustainability, advising corporate business on how to best integrate sustainability practices into their operations.</p>
<p>&#x201C;We&#x2019;ve been doing big-picture sustainability stuff and working with other businesses, but it felt like we couldn&#x2019;t live our values from the position of just advising others,&#x201D;says Sarah.</p>
<p><em>&#x201C;We wanted to prove and live sustainability on a whole other level. We wanted to truly live our values. If I advise other people to do it then I have to be able to do it myself.&#x201D;&#xA0;</em></p>
<p>The couple have family connections to the island stretching back three generations, but also live part-time &#x2018;in town&#x2019; on the North Island of New Zealand. Yet the ambitious brewers decided Aotea was the right place to set up shop, despite the obvious challenges around remoteness and resources.</p>
<p>&#x201C;Nothing in the sustainability space is black and white. It&#x2019;s all interpretation and there&#x2019;s a lot of greenwash that&#x2019;s around. So we decided to do this on an island that we love, on an island where nothing can be pushed outside the system, or taken away, we have to deal with everything&#x201D;</p>
<p>&#x201C;If we&#x2019;re going to live this value, what does it mean in our day to day lives, in the way that we engage with the community, in the way we try to source things locally, the way that we try to be zero waste?&#x201D;</p>
<p><a href="https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman.jpg"><img decoding="async" loading="lazy" width="3648" height="2736" class="aligncenter size-full wp-image-228476" src="https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman.jpg" alt="" srcset="https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman.jpg 3648w, https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman-270x203.jpg 270w, https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman-570x428.jpg 570w, https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman-768x576.jpg 768w, https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman-1536x1152.jpg 1536w, https://cleantechnica.com/files/2021/01/Aotea-brewing-Sarah-Bowman-2048x1536.jpg 2048w" sizes="(max-width: 3648px) 100vw, 3648px"></a></p>
<p>The decision to make the island Aotea Brewing&#x2019;s base introduced significant logistical challenges. The only way to transport the large brewing equipment from the mainland was by privately chartered barge. Caleb remembers the overwhelming sense of facing an uphill challenge in the early days of design and installation.</p>
<p>&#x201C;We had to figure out the logistics of how to hire a barge from Thames to bring every piece of everything over we needed.&#x201D; He says. &#x201C;I had to do long round trips across the Hauraki Gulf on the barge, at midnight with the moonlight lighting up three massive fermenters praying they were securely lashed down.&#x201D;</p>
<p>He continues: &#x201C;We had to use equipment that could fit into shipping containers. Just that one element changed the design of the brewery. It wasn&#x2019;t so much that the shipping container was a cool architectural design, it was because we had to be able to get it on the barge and off and across the island. The shipping containers had to be twenty foot rather than forty, because they wouldn&#x2019;t fit around the tight, winding island roads.&#x201D;</p>
<p>Yet the two biggest challenges, the remoteness and the island being completely off-grid, spurred on the vision of Aotea brewing as a truly sustainable business.</p>
<p>Caleb says, &#x201C;The island can be a tough place. It&#x2019;s so remote, you learn to get by with less, which is in a way the purest form of sustainability.&#x201D;</p>
<p>For traditional brewers, carbon emissions quickly rack up. Automated brewing powered by fossil fuels, transportation of heavily packaged products, and water intensive brewing methods all contribute. But Sarah and Caleb took a holistic approach to eliminating Aotea Brewing&#x2019;s environmental impact.</p>
<p>They chose not to use grain mills and extractors to make the brewing process more efficient. Instead, they mill the grain by hand, saving energy and the materials and cost of shipping in the equipment.</p>
<p>&#x201C;It&#x2019;s sort of against human nature, it kind of feels inefficient if you&#x2019;re doing things manually. There&#x2019;s a sense that you&#x2019;ve got to automate. But doing it manually makes you feel closer to the history of the industry. People have been making beer for 30,000 years and they never had grain mill augers 30,000 years ago.&#x201D; Caleb says.</p>
<p>The brewery particularly focuses on saving water, which is traditionally very intensive in the brewing process. Aotea Brewery reuses their waste water. It&#x2019;s used for cleaning and then discharged on site to drip-feed fruit trees that will eventually bear limes and lemons for their cocktails.</p>
<p>Around 3 liters of water is used to every liter of beer the brewery produces. Commercially, this figure is over double that, at an average of 6-8 liters per liter of beer. Part of that water saving comes from not having packaging that needs to be washed or cleaned for each use.</p>
<p>The couple are looking to launch a nationwide brew challenge, to motivate small-scale brewers to use less water for each pint of ale they brew. They hope to achieve a 2 to 1 ratio of liters of water per beer brewed whilst retaining the full flavor profile.</p>
<p><em>&#x201C;I think that will become a huge challenge for the industry as things like droughts become more severe. We&#x2019;re actually gaining a long-term competitive advantage because we&#x2019;re forced to think about these things now because we&#x2019;re off-grid.&#x201D; says Caleb.&#xA0;</em></p>
<p>In Sarah and Caleb&#x2019;s vision, Great Barrier Island could be transformed into a sustainability hotspot that goes beyond just its natural beauty. It raises a glass to the notion of Great Brewery Island, a pioneering hub for zero-waste brewers committed to better beer, one crisp, golden pint at a time.&#xA0;<br />&#xA0;<br /><!-- CT new after-post --><br /><ins class="adsbygoogle" data-ad-client="ca-pub-1552008901061842" data-ad-slot="4461458457"></ins><br />&#xA0;</p>
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<h2><center>Selling Teslas in 2012 vs. 2021</center></h2>
<p><iframe width="560" height="315" src="https://www.youtube.com/embed/tvVrLDtNoI8" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="">[embedded content]</iframe></p>
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<p class="omc-single-tags"><b>Tags:</b> <a href="https://cleantechnica.com/tag/aotea-brewing/" rel="tag">Aotea Brewing</a>, <a href="https://cleantechnica.com/tag/brewery-2/" rel="tag">brewery</a>, <a href="https://cleantechnica.com/tag/new-zealand/" rel="tag">New Zealand</a></p>
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<h4>About the Author</h4>
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<a href="https://cleantechnica.com/author/thebeam/"><img decoding="async" alt="" src="https://secure.gravatar.com/avatar/955e66340b3a6b9be03daafb9c1e38d2?s=80&amp;d=blank&amp;r=g" srcset="https://secure.gravatar.com/avatar/955e66340b3a6b9be03daafb9c1e38d2?s=160&amp;d=blank&amp;r=g 2x" class="avatar avatar-80 photo" height="80" width="80" loading="lazy"></a>
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<p><a href="https://cleantechnica.com/author/thebeam/" title="Posts by The Beam" rel="author">The Beam</a> <a href="http://the-beam.com/">The Beam Magazine</a> is a quarterly print publication that takes a modern perspective on the energy transition. From Berlin we report about the people, companies and organizations that shape our sustainable energy future around the world. The team is headed by journalist Anne-Sophie Garrigou and designer Dimitris Gkikas. The Beam works with a network of experts and contributors to cover topics from technology to art, from policy to sustainability, from VCs to cleantech start ups. Our language is energy transition and that&#8217;s spoken everywhere. The Beam is already being distributed in most countries in Europe, but also in Niger, Kenya, Rwanda, Tanzania, Japan, Chile and the United States. And this is just the beginning. So stay tuned for future development and follow us on <a href="https://www.facebook.com/TheBeamMag/">Facebook</a>, <a href="https://twitter.com/TheBeamMagazine">Twitter</a>, <a href="https://www.instagram.com/thebeammagazine/">Instagram</a> and <a href="https://medium.com/thebeammagazine">Medium</a>.</p>
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<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/06/building-a-zero-waste-solar-powered-brewery-on-an-off-grid-island/">Building A Zero-Waste, Solar-Powered Brewery On An Off-Grid Island</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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		<title>End of Qatar blockade is &#8216;a win for the region,&#8217; Saudi foreign minister says</title>
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		<pubDate>Wed, 06 Jan 2021 14:07:24 +0000</pubDate>
				<category><![CDATA[Environment]]></category>
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					<description><![CDATA[<p>The end of the Gulf dispute is a win for the region, Saudi Arabia&#8217;s foreign minister told CNBC after announcing that relations between Qatar and four Arab countries have been fully restored. Leaders of the Gulf Cooperation Council and Egypt on Tuesday signed an agreement that aims to strengthen unity and cohesion. The deal came</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/06/end-of-qatar-blockade-is-a-win-for-the-region-saudi-foreign-minister-says/">End of Qatar blockade is &#8216;a win for the region,&#8217; Saudi foreign minister says</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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<p>The end of the Gulf dispute is a win for the region, Saudi Arabia&#8217;s foreign minister told CNBC after announcing that <a href="https://www.cnbc.com/2021/01/05/saudi-arabia-restores-diplomatic-ties-with-qatar-after-three-year-rift.html">relations between Qatar and four Arab countries have been fully restored.</a></p>
<p>Leaders of the <a href="https://www.spa.gov.sa/viewfullstory.php?lang=en&amp;amp;newsid=2175393" target="_blank" rel="noopener">Gulf Cooperation Council and Egypt on Tuesday signed an agreement</a> that aims to strengthen unity and cohesion. The deal came more than three years after Saudi Arabia, the United Arab Emirates, Bahrain and Egypt imposed a trade and travel blockade on Qatar.</p>
<p>&#8220;We were able to reach the Al-Ula declaration which puts behind us a dispute &#x2026; among the four countries and Qatar,&#8221; said Faisal bin Farhan al-Saud, Saudi Arabia&#8217;s minister of foreign affairs, referring to the agreement named after the ancient city of Al-Ula where leaders of the Arab nations met.</p>
<p>The region plunged into a crisis in 2017, when Saudi Arabia and its allies cut off diplomatic and trade ties with Qatar, accusing the tiny gas-rich nation of being too close to Iran and supporting terrorism. Doha has denied these allegations.</p>
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<p>We believe very strongly that the Al-Ula declaration resolves all of the outstanding issues and concerns that the countries&#8217; parties would have had.</p>
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<p>Faisal bin Farhan al-Saud</p>
<p>Saudi Arabia&#8217;s foreign minister</p>
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<p>Saudi Arabia on Monday opened its airspace, land and sea borders to Qatar. Saudi Crown Prince Mohammed bin Salman welcomed Qatar&#8217;s emir, Sheikh Tamim bin Hamad al-Thani, with a hug when the latter arrived on Saudi soil.</p>
<p>Al-Saud said he thinks the deal will be a &#8220;very, very strong basis&#8221; for regional stability going forward.</p>
<p>Asked if it was a win for the outgoing Trump administration, al-Saud said: &#8220;I think this agreement racks up a win for the region, first of all, a win for all of us.&#8221;</p>
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<p>Saudi Foreign Minister Faisal bin Farhan al-Saud holds a press conferece at the end of the 41st Gulf Cooperation Council (GCC) summit, in the city of al-Ula in northwestern Saudi Arabia on January 5, 2021.</p>
<p>Fayez Nureldine | AFP | Getty Images</p>
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<p>Still, he acknowledged support from the U.S. and Kuwait, which has been mediating between Saudi Arabia and Qatar. &#8220;Absolutely, President Trump and (White House senior advisor) Jared Kushner contributed to reaching this agreement, working very closely with Kuwait, who has been working on this for some time,&#8221; he told CNBC&#8217;s Hadley Gamble.</p>
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<h2 class="ArticleBody-subtitle">Not about Iran or Washington</h2>
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<p>Saudi Crown Prince Mohammed bin Salman said on Tuesday that GCC unity is needed to counter challenges in the region, <a href="https://www.arabnews.com/node/1787681/saudi-arabia" target="_blank" rel="noopener">&#8220;particularly the threats posed by the Iranian regime&#8217;s nuclear program,</a>&#8221; according to Arab News.</p>
<p>Foreign minister al-Saud told CNBC the deal is for the good of the region&#8217;s security. &#8220;This agreement is not about Iran or about anyone else. It&#8217;s about bringing our countries together and making sure that we work together to deliver prosperity and security for our people.&#8221;</p>
<p>When asked if Saudi Arabia may be trying to get into President-elect Joe Biden&#8217;s good graces before the inauguration, he said: &#8220;This isn&#8217;t about Washington, it&#8217;s about the region and the priorities that our countries have.&#8221;</p>
<p>Biden is expected to <a href="https://www.cfr.org/article/presidential-candidates-saudi-arabia" target="_blank" rel="noopener">roll back U.S. support for the kingdom when he takes office.</a></p>
<p>The Saudi foreign minister said the Gulf nations will cooperate on security issues as well as economic integration.</p>
<p>&#8220;We believe very strongly that the Al-Ula declaration resolves all of the outstanding issues and concerns that the countries&#8217; parties would have had, and that it lays the basis for now a very strong, cooperative agenda for the GCC, and also for the region,&#8221; he said.</p>
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		<title>A Tesla (TSLA) Story In 4 Acts</title>
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		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
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					<description><![CDATA[<p>January 6th, 2021 by Johnna Crider&#xA0; It&#x2019;s a mid-late Sunday morning and as my cats race around my home like its Nurburgring, I open Twitter to see a tweet by Earl of Frunkpuppy that inspires this piece. In his tweet, below, Earl shared an image of four Tesla-related headlines over the years. Looking over the</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/06/a-tesla-tsla-story-in-4-acts/">A Tesla (TSLA) Story In 4 Acts</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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										<content:encoded><![CDATA[<p><span>January 6th, 2021</span> by <strong><span><a href="https://cleantechnica.com/author/johnnacrider/" rel="author">Johnna Crider</a></span></strong>&#xA0;</p>
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<p><span>It&#x2019;s a mid-late Sunday morning and as my cats race around my home like its Nurburgring, I open Twitter to see a tweet by Earl of Frunkpuppy that inspires this piece. In his tweet, below, Earl shared an image of four Tesla-related headlines over the years.</span></p>
<p><span>Looking over the past year, it does seem as if Tesla was the star of its own Shakespeare play.</span></p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true" readability="4.7719298245614">
<p lang="en" dir="ltr">A story in 4 acts <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> <a href="https://t.co/MH5cIlspet">pic.twitter.com/MH5cIlspet</a></p>
<p>&#x2014; &#x1F436;Earl of Frunkpuppy&#x1F436; (@28delayslater) <a href="https://twitter.com/28delayslater/status/1345704446555262976?ref_src=twsrc%5Etfw">January 3, 2021</a></p>
</blockquote>
<h2>Act I: Tesla Selling 500K Cars In 2020 &#x201C;Absurd.&#x201D;</h2>
<p><span>The first act recaps a 2014 </span><span>article</span><span> published on Seeking Alpha by Mark Spiegel, who is well known for being a member of the &#x201C;TSLAQ&#x201D; group &#x2014; people on Twitter who have been convinced or pretended to be convinced that Tesla would go bankrupt. Spiegel seems to block anyone (even me) who has anything positive to say about Tesla.&#xA0;</span></p>
<p><span>In his article, Spiegel addressed &#x201C;bullish&#x201D; Wall Street projections for Tesla, which was guidance from Tesla. Those projections showed that Tesla would go from selling 35,000 cars in 2014 to 500,000 cars in 2020. One reason Spiegel believed this wouldn&#x2019;t happen is because it had never been done before. &#x201C;No complex product manufacturer has ever grown that quickly from a revenue base of $3 billion or more.&#x201D;&#xA0;</span></p>
<h2>Act II: New China Factory Closed Due To Pandemic</h2>
<p>Fast forward to 2020. As the new year, 2020, begins, everyone has a hopeful outlook &#x2014; Tesla has just opened its Shanghai factory in China and is on the brink of becoming the world&#x2019;s most valuable automaker &#x2014; while being more than just an automaker.</p>
<p>Then the worst happens &#x2014; a global pandemic begins. It starts in China, where Tesla just opened its brand new Gigafactory, and one wonders if Tesla&#x2019;s new factory will be shut down, and for how long. The <a href="https://observer.com/2020/02/tesla-stock-china-factory-close-coronavirus-outbreak/">next headline</a> from Frunkpuppy&#x2019;s tweet comes from <em>Observer</em>. Tesla does face a test as its factory closes down. Even though Tesla&#x2019;s second gigafactory and second Model 3 factory isn&#x2019;t the only factory closing in China at this time (early 2020), the article claims that Tesla&#x2019;s future looks increasingly shake. &#x201C;Its new China factory, a big factor behind its stock surge lately, has halted production amid the deadly coronavirus epidemic.&#x201D;</p>
<p>With Tesla being in China, the company is placed in a unique position that our own government failed to take advantage of when the pandemic and the lockdowns happened here. Tesla works with the Chinese government and reopens its factory as we shut down here in the US &#x2014; yes, China manages to curb the virus and reopen fairly quickly. Tesla, being the only foreign company to own its own factory in China, has a unique learning opportunity (one that it did later use in reopening its Fremont factory after the shutdowns in California).</p>
<p><span id="more-228233"><span id="more-200440"><a href="https://future.cleantechnica.com/subscribe/" target="_blank" rel="noopener noreferrer"><img decoding="async" class="aligncenter size-full wp-image-155294" src="https://cleantechnica.com/files/2020/04/Tesla-News-Electric-Vehicle-Solar-Energy-News-CleanTechnica-Members.jpg" alt=""></a><br /></span></span></p>
<h2>Act III: Tesla Shuts Down Fremont Factory</h2>
<p>This next headline, &#x201C;<a href="https://www.nytimes.com/2020/03/19/business/tesla-fremont-factory-coronavirus.html">After Mounting Criticism, Tesla Will Shut Down California Factory</a>,&#x201D; comes from<em> The New York Times</em>. Tesla does shut down its California factory, a bit later than many expected. The article notes that Tesla &#x201C;caused uproar by continuing production even after Alameda County officials issued a shelter-at-home order.&#x201D; The article weaves a tale of a company that seemingly doesn&#x2019;t care about the law or its employees but keeps out one key element: <a href="https://cleantechnica.com/2020/03/19/tesla-isnt-the-only-automaker-open-for-business-but-shutting-down-fremont-factory-on-march-23/#:~:text=Tesla%20has%20just%20published%20an,the%20end%20of%20March%2023.&amp;text=As%20such%2C%20we%20have%20decided,will%20allow%20an%20orderly%20shutdown.">Elon Musk&#x2019;s email</a> to his employees telling them not to feel obligated to come to work:</p>
<blockquote readability="9">
<p>&#x201C;I&#x2019;d like to be super clear that if you feel the slightest bit ill or even uncomfortable, please do not feel obligated to come to work. I will personally be at work, but that&#x2019;s just me. Totally OK if you want to stay home for any reason.&#x201D;</p>
</blockquote>
<p>The article also failed to mention that other automakers were open for business at this time.</p>
<hr>
<h2>Inter-Act Monologue</h2>
<p>Before we get to the final act, I need to set the scene. It&#x2019;s 2021 now, but the road to this moment in time has been rocky and challenging for everyone traveling it. For Tesla, there have been many challenges as well but it has met those challenge with its fierce spirit of innovation and this is what leads to the final act.</p>
<p>Tesla made history in 2020. It became the world&#x2019;s most valuable automaker &#x2014; against all odds. There was a stock split, drama with county officials as well as politicians, one of which cursed at Elon Musk on Twitter, the usual media attacks on Elon Musk, and the constant criticism of Tesla by the stock&#x2019;s bears.</p>
<p><a href="https://cleantechnica.com/files/2020/09/Tesla-Battery-Cost-Reductions-CleanTechnica-Watermarked.gif"><img decoding="async" loading="lazy" width="1920" height="1080" class="aligncenter size-full wp-image-220284" src="https://cleantechnica.com/files/2020/09/Tesla-Battery-Cost-Reductions-CleanTechnica-Watermarked.gif" alt=""></a></p>
<p>Tesla also held it&#x2019;s Battery Day event, where it announced its 4860 tab-less battery cells. And in a leaked email back in October, Elon Musk encouraged Tesla employees to make that 500,000 goal for 2020. <a href="https://www.reuters.com/article/us-tesla-production/tesla-has-a-shot-at-producing-500000-cars-this-year-musk-says-in-memo-idUSKBN26S2TN">In the memo</a>, Elon Musk said that Tesla had a shot at producing 500,000 cars this year. In the face of the most challenging year for many if not most people on the planet, Tesla had the chance to meet a goal that Spiegel and many others in 2014 said was absurd. Critics jeered, many thought this was impossible, but as we go into the final act, we can see that <em>impossible</em> can be broken up into two words: <em>I&#x2019;m Possible.&#xA0;</em></p>
<hr>
<h2>Final Act: Tesla Made 500,000 Cars In 2020</h2>
<p><a href="https://cleantechnica.com/files/2021/01/tesla-says-it-hit-goal-of-delivering-500-000-cars-in-2020-Google-Search.png"><img decoding="async" loading="lazy" class="aligncenter wp-image-228236 size-full" src="https://cleantechnica.com/files/2021/01/tesla-says-it-hit-goal-of-delivering-500-000-cars-in-2020-Google-Search.png" alt="" width="726" height="403" srcset="https://cleantechnica.com/files/2021/01/tesla-says-it-hit-goal-of-delivering-500-000-cars-in-2020-Google-Search.png 726w, https://cleantechnica.com/files/2021/01/tesla-says-it-hit-goal-of-delivering-500-000-cars-in-2020-Google-Search-270x150.png 270w, https://cleantechnica.com/files/2021/01/tesla-says-it-hit-goal-of-delivering-500-000-cars-in-2020-Google-Search-570x316.png 570w" sizes="(max-width: 726px) 100vw, 726px"></a></p>
<p>The headlines can be a bit confusing, but in a nutshell, Tesla has achieved its goal of producing 500,000 cars in 2020. As for delivering them, Tesla almost made it. Tesla was able to deliver 499,550 vehicles in 2020. Some of the headlines claimed that Tesla delivered 500,000 cars, while others painted a dramatically exaggerated tale of Tesla&#x2019;s <em>woeful failure</em> from failing to deliver 500,000 cars. Also noteworthy: The 499,550 figure is an estimate, and Tesla&#x2019;s initial estimates at the very beginning of the quarter tend to be conservative. So, it&#x2019;s quite possible Tesla actually did reach 500,000. In any case, though, a tiny percentage difference does not really matter, and there&#x2019;s a thing called &#x201C;rounding up&#x201D; that certainly applies in a case like this at a scale like this.</p>
<p>And one final comment on this: Tesla did surpass 500,000 vehicles produced in 2020, despite the pandemic, even basically reaching 510,000 (rounding up a tiny bit).</p>
<p>You can read more details about Tesla&#x2019;s numbers here: <a href="https://cleantechnica.com/2021/01/02/tesla-499550-vehicles-delivered-in-2020-509737-vehicles-produced/">Tesla: 499,550 Vehicles Delivered in 2020, 509,737 Vehicles Produced (Charts)</a>.</p>
<p><a href="https://cleantechnica.com/files/2021/01/Tesla-vehicle-production-2020-CleanTechnica-Official.png"><img decoding="async" loading="lazy" width="1300" height="344" class="aligncenter size-full wp-image-228194" src="https://cleantechnica.com/files/2021/01/Tesla-vehicle-production-2020-CleanTechnica-Official.png" alt="" srcset="https://cleantechnica.com/files/2021/01/Tesla-vehicle-production-2020-CleanTechnica-Official.png 1300w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-production-2020-CleanTechnica-Official-270x71.png 270w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-production-2020-CleanTechnica-Official-570x151.png 570w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-production-2020-CleanTechnica-Official-768x203.png 768w" sizes="(max-width: 1300px) 100vw, 1300px"></a> <a href="https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-deliveries-2020-Zach-Shahan-CleanTechnica.png"><img decoding="async" loading="lazy" width="1300" height="524" class="aligncenter size-full wp-image-228189" src="https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-deliveries-2020-Zach-Shahan-CleanTechnica.png" alt="" srcset="https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-deliveries-2020-Zach-Shahan-CleanTechnica.png 1300w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-deliveries-2020-Zach-Shahan-CleanTechnica-270x109.png 270w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-deliveries-2020-Zach-Shahan-CleanTechnica-570x230.png 570w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-deliveries-2020-Zach-Shahan-CleanTechnica-768x310.png 768w" sizes="(max-width: 1300px) 100vw, 1300px"></a> <a href="https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-quarterly-deliveries-Tesla-official-CleanTechnica.png"><img decoding="async" loading="lazy" width="1300" height="840" class="aligncenter size-full wp-image-228193" src="https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-quarterly-deliveries-Tesla-official-CleanTechnica.png" alt="" srcset="https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-quarterly-deliveries-Tesla-official-CleanTechnica.png 1300w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-quarterly-deliveries-Tesla-official-CleanTechnica-270x174.png 270w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-quarterly-deliveries-Tesla-official-CleanTechnica-570x368.png 570w, https://cleantechnica.com/files/2021/01/Tesla-vehicle-sales-quarterly-deliveries-Tesla-official-CleanTechnica-768x496.png 768w" sizes="(max-width: 1300px) 100vw, 1300px"></a></p>
<h2>Epilogue</h2>
<p>The tale above is just a snapshot of Tesla&#x2019;s multi-faceted story. Tesla has had many bumps and bruises along the way as well as many successes. For a moment &#x2014; in 2018 &#x2014; things looked really dark, but in the end, Tesla prevailed. Today, we are at the dawn of another new year. We don&#x2019;t know what 2021 will bring, but with hard work, high hopes, and a bit of faith, I believe that Tesla will continue to lead the EV revolution.</p>
<p>Tesla&#x2019;s success is something that pushes other automakers to try new ways of thinking. Tesla has also proven that electric vehicles can also be both high-volume and profitable. So can renewables and clean energy &#x2014; you don&#x2019;t have to choose between profits and cleantech if you know how to lead and innovate.&#xA0;<br />&#xA0;<br /><!-- CT new after-post --><br /><ins class="adsbygoogle" data-ad-client="ca-pub-1552008901061842" data-ad-slot="4461458457"></ins><br />&#xA0;</p>
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<hr>
<h2><center>Selling Teslas in 2012 vs. 2021</center></h2>
<p><iframe width="560" height="315" src="https://www.youtube.com/embed/tvVrLDtNoI8" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="">[embedded content]</iframe></p>
<hr>
<p class="omc-single-tags"><b>Tags:</b> <a href="https://cleantechnica.com/tag/tslaq/" rel="tag">$TSLAQ</a>, <a href="https://cleantechnica.com/tag/tesla/" rel="tag">Tesla</a>, <a href="https://cleantechnica.com/tag/tesla-deliveries/" rel="tag">Tesla deliveries</a>, <a href="https://cleantechnica.com/tag/tesla-history/" rel="tag">Tesla history</a>, <a href="https://cleantechnica.com/tag/tesla-production/" rel="tag">Tesla production</a>, <a href="https://cleantechnica.com/tag/tesla-sales/" rel="tag">Tesla sales</a>, <a href="https://cleantechnica.com/tag/tesla-short-sellers/" rel="tag">Tesla short sellers</a>, <a href="https://cleantechnica.com/tag/tesla-stock/" rel="tag">Tesla stock</a></p>
<p><br class="clear"></p>
<div class="omc-authorbox" readability="12.519886363636">
<h4>About the Author</h4>
<div class="omc-author-pic">
<a href="https://cleantechnica.com/author/johnnacrider/"><img decoding="async" alt="" src="https://secure.gravatar.com/avatar/39ae2cf4db9eafe348474cbafa64deb5?s=80&amp;d=blank&amp;r=g" srcset="https://secure.gravatar.com/avatar/39ae2cf4db9eafe348474cbafa64deb5?s=160&amp;d=blank&amp;r=g 2x" class="avatar avatar-80 photo" height="80" width="80" loading="lazy"></a>
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<p><a href="https://cleantechnica.com/author/johnnacrider/" title="Posts by Johnna Crider" rel="author">Johnna Crider</a> is a Baton Rouge artist, gem and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to &#x201C;Believe in Good.&#x201D; Tesla is one of many good things to believe in. You can find Johnna on Twitter at all hours of the day &amp; night.</p>
</div>
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		<title>Saudi Arabia restores diplomatic ties with Qatar after three-year rift</title>
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		<pubDate>Wed, 06 Jan 2021 02:00:01 +0000</pubDate>
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					<description><![CDATA[<p>Journalists watch the screen as Saudi Crown Prince Mohammed bin Salman welcomes the Emir of Qatar, Tamim bin Hamad Al-Thani, ahead of the 41st Gulf Cooperation Council summit in the city of Al-Ula in Saudi Arabia on Jan. 5, 2021. Fayez Nureldine &#124; AFP &#124; Getty Images Saudi Arabia has reinstated diplomatic relations with Qatar,</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/06/saudi-arabia-restores-diplomatic-ties-with-qatar-after-three-year-rift/">Saudi Arabia restores diplomatic ties with Qatar after three-year rift</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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<p>Journalists watch the screen as Saudi Crown Prince Mohammed bin Salman welcomes the Emir of Qatar, Tamim bin Hamad Al-Thani, ahead of the 41st Gulf Cooperation Council summit in the city of Al-Ula in Saudi Arabia on Jan. 5, 2021.</p>
<p>Fayez Nureldine | AFP | Getty Images</p>
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<p>Saudi Arabia has reinstated diplomatic relations with Qatar, more than three years after Riyadh and several Arab countries severed ties with Doha.</p>
<p>It comes as Kuwait, a mediator for both sides, announced that Saudi Arabia is reopening its airspace, sea and land borders with Qatar.</p>
<p>Qatar&#8217;s emir, Sheikh Tamim bin Hamad al-Thani, arrived in Saudi Arabia on Tuesday for the first time since the dispute erupted in 2017. He was there to attend the annual Gulf Cooperation Council summit in the ancient city of Al-Ula.</p>
<p><span></span></p>
<p>Relations among the Arab nations soured in 2017, when Saudi Arabia and its allies &#x2014; the United Arab Emirates, Bahrain and Egypt &#x2014; imposed a diplomatic, trade and travel blockade on Qatar. They accused the tiny Gulf nation of supporting terrorism and of being too close to Iran, allegations that Doha has always denied.</p>
<p>The dispute plunged the region into a diplomatic crisis not seen since the 1991 war against Iraq, and exposed deep ideological differences in the region.</p>
<p>Al-Thani in 2018 said <a href="https://www.cnbc.com/2018/02/16/qatar-emir-says-gulf-blockade-was-futile-calls-middle-east-unity.html">the dispute was a &#8220;futile crisis,&#8221;</a> and that Qatar preserved its sovereignty despite &#8220;aggression&#8221; from its neighbors.</p>
<p>Saudi-owned&#xA0;media Al-Arabiya also reported on Tuesday that Egypt has agreed to reopen its airspace to Qatar.</p>
<p>Ahead of the summit, the UAE&#8217;s Minister of State for Foreign Affairs, Anwar Gargash, said in a tweet the GCC meeting will restore Gulf cohesion. He added: &#8220;There is still work to be done and we are in the right direction.&#8221;</p>
<p><span></span></p>
<p>Restoring diplomatic ties between Saudi Arabia and Qatar is part of Washington&#8217;s latest effort to broker deals in the Middle East. In a diplomatic win for President Donald Trump, the UAE, Bahrain, Sudan and Morocco normalized relations with Israel in 2020.</p>
<p>Turkey&#8217;s ministry of foreign affairs on Monday welcomed the reopening of borders between Qatar and Saudi Arabia.</p>
<p>&#8220;It is our hope that a comprehensive and lasting solution to this conflict will be reached on the basis of mutual respect to sovereignty of all countries and that all other sanctions against the Qatari people will be lifted as soon as possible,&#8221; <a href="http://www.mfa.gov.tr/no_-3_-korfez-ihtilafinin-cozumune-yonelik-kaydedilen-gelismeler-hk.en.mfa" target="_blank" rel="noopener">the ministry said in a press release.</a></p>
<p><em>&#x2014; CNBC&#8217;s Ryan Browne and Mila Latoof contributed to this report.</em></p>
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<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/06/saudi-arabia-restores-diplomatic-ties-with-qatar-after-three-year-rift/">Saudi Arabia restores diplomatic ties with Qatar after three-year rift</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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		<title>SoftBank Exits India Renewable Energy Market, Sells Stake To Canadian Pension Fund</title>
		<link>https://globalnewsvideo.com/2021/01/05/softbank-exits-india-renewable-energy-market-sells-stake-to-canadian-pension-fund/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=softbank-exits-india-renewable-energy-market-sells-stake-to-canadian-pension-fund</link>
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		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
				<category><![CDATA[Environment]]></category>
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					<description><![CDATA[<p>January 5th, 2021 by Saurabh&#xA0; SoftBank has finally ended months of speculation about its future in India&#x2019;s renewable energy market.&#xA0; Image: Zach Shahan &#x2013; CleanTechnica SoftBank has sold its 80% stake in a joint venture platform, SB Energy, to Canadian Pension Plan Investment Board (CPPIB). Indian telecom giant Bharti Enterprises owns 20% in the venture</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/05/softbank-exits-india-renewable-energy-market-sells-stake-to-canadian-pension-fund/">SoftBank Exits India Renewable Energy Market, Sells Stake To Canadian Pension Fund</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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										<content:encoded><![CDATA[<p><span>January 5th, 2021</span> by <strong><span><a href="https://cleantechnica.com/author/saurabh/" rel="author">Saurabh</a></span></strong>&#xA0;</p>
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<p>SoftBank has finally ended months of speculation about its future in India&#x2019;s renewable energy market.<span class="Apple-converted-space">&#xA0;</span></p>
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<a href="https://cleantechnica.com/files/2013/09/perovo-solar-farm-6.jpg"><img decoding="async" aria-describedby="caption-attachment-56833" loading="lazy" class="wp-image-56833 size-medium" src="https://cleantechnica.com/files/2013/09/perovo-solar-farm-6-270x201.jpg" alt="" width="270" height="201" srcset="https://cleantechnica.com/files/2013/09/perovo-solar-farm-6-270x201.jpg 270w, https://cleantechnica.com/files/2013/09/perovo-solar-farm-6-570x425.jpg 570w, https://cleantechnica.com/files/2013/09/perovo-solar-farm-6.jpg 700w" sizes="(max-width: 270px) 100vw, 270px"></a></p>
<p id="caption-attachment-56833" class="wp-caption-text">Image: Zach Shahan &#x2013; CleanTechnica</p>
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<p>SoftBank has <a href="https://economictimes.indiatimes.com/industry/energy/power/cppib-to-acquire-softbanks-80-in-sb-energy-for-425-million/articleshow/80015018.cms?from=mdr" target="_blank" rel="noopener">sold its 80% stake</a> in a joint venture platform, SB Energy, to Canadian Pension Plan Investment Board (CPPIB). Indian telecom giant Bharti Enterprises owns 20% in the venture and has decided to stay put in the business.<span class="Apple-converted-space">&#xA0;</span></p>
<p>According to media reports, SB Energy has been struggling to raise capital to execute solar and wind energy projects that it had secured in competitive auctions. The last major project that the company had secured was 600 megawatts in a 2 gigawatt auction conducted by NHPC earlier this year.<span class="Apple-converted-space">&#xA0;</span></p>
<p>SoftBank had <a href="https://cleantechnica.com/2015/06/25/softbank-foxconn-pledge-20-billion-solar-power-investment-india/" target="_blank" rel="noopener">entered</a> the Indian renewable energy in 2015 with ambitious plans to set up 20 gigawatts of renewable energy capacity with an investment of $20 billion. But like several other renewable energy developers in India, SB Energy&#x2019;s plans also ran into trouble.<span class="Apple-converted-space">&#xA0;</span></p>
<p>Increasing competition, lengthy delays in payments by distribution utilities, and regulatory delays in adoption of tariffs severely affected developers&#x2019; capability to execute new projects.<span class="Apple-converted-space">&#xA0;</span></p>
<p>Several established developers like <a href="https://cleantechnica.com/2020/07/13/azure-power-softbank-planning-asset-stake-sale-in-indian-solar-businesses/" target="_blank" rel="noopener">Azure Power</a>, ReNew Power, and <a href="https://cleantechnica.com/2020/09/12/indian-gas-utility-plans-renewable-energy-expansion/" target="_blank" rel="noopener">Acme Solar</a> either sold operational assets or equity stakes to raise funds. Many companies that operated solar and wind energy projects as non-core business also sold off their assets.<span class="Apple-converted-space">&#xA0;</span></p>
<p>The onset of the COVID pandemic further aggravated the financial condition of project developers. A sharp decline in economic activity and power demand meant that distribution utilities were hesitant to sign new power purchase agreements. According to <a href="https://www.financialexpress.com/economy/no-takers-for-18-gw-solar-power-projects/2158660/" target="_blank" rel="noopener">media reports</a>, the government has so far failed to find buyers for 18 gigawatts of solar power capacity it contracted in recent auctions.<span class="Apple-converted-space">&#xA0;</span></p>
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<h2><center>Selling Teslas in 2012 vs. 2021</center></h2>
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<p class="omc-single-tags"><b>Tags:</b> <a href="https://cleantechnica.com/tag/acme-solar/" rel="tag">ACME Solar</a>, <a href="https://cleantechnica.com/tag/azure-power/" rel="tag">Azure Power</a>, <a href="https://cleantechnica.com/tag/canadian-pension-plan-investment-board/" rel="tag">Canadian Pension Plan Investment Board</a>, <a href="https://cleantechnica.com/tag/cppib/" rel="tag">CPPIB</a>, <a href="https://cleantechnica.com/tag/india/" rel="tag">India</a>, <a href="https://cleantechnica.com/tag/india-renewable-energy/" rel="tag">india renewable energy</a>, <a href="https://cleantechnica.com/tag/renew-power/" rel="tag">renew power</a>, <a href="https://cleantechnica.com/tag/sb-energy/" rel="tag">SB Energy</a>, <a href="https://cleantechnica.com/tag/softbank/" rel="tag">softbank</a></p>
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<h4>About the Author</h4>
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<a href="https://cleantechnica.com/author/saurabh/"><img decoding="async" alt="" src="https://secure.gravatar.com/avatar/b71d1ea4fb8939aa430b6dab1002ce21?s=80&amp;d=blank&amp;r=g" srcset="https://secure.gravatar.com/avatar/b71d1ea4fb8939aa430b6dab1002ce21?s=160&amp;d=blank&amp;r=g 2x" class="avatar avatar-80 photo" height="80" width="80" loading="lazy"></a>
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<p><a href="https://cleantechnica.com/author/saurabh/" title="Posts by Saurabh" rel="author">Saurabh</a> An avid follower of latest developments in the Indian renewable energy sector.</p>
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<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/05/softbank-exits-india-renewable-energy-market-sells-stake-to-canadian-pension-fund/">SoftBank Exits India Renewable Energy Market, Sells Stake To Canadian Pension Fund</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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		<title>Chinese cities reportedly go dark as country faces shortage of coal, a major Australian export</title>
		<link>https://globalnewsvideo.com/2021/01/05/chinese-cities-reportedly-go-dark-as-country-faces-shortage-of-coal-a-major-australian-export/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=chinese-cities-reportedly-go-dark-as-country-faces-shortage-of-coal-a-major-australian-export</link>
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		<pubDate>Tue, 05 Jan 2021 01:45:40 +0000</pubDate>
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					<description><![CDATA[<p>View on the Bund, a waterfront area in central Shanghai, which runs along the western bank of the Huangpu River. Fr&#xE9;d&#xE9;ric Soltan &#124; Corbis News &#124; Getty Images SINGAPORE &#x2014; Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal. Analysts said prices of the commodity in</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/05/chinese-cities-reportedly-go-dark-as-country-faces-shortage-of-coal-a-major-australian-export/">Chinese cities reportedly go dark as country faces shortage of coal, a major Australian export</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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<p>View on the Bund, a waterfront area in central Shanghai, which runs along the western bank of the Huangpu River.</p>
<p>Fr&#xE9;d&#xE9;ric Soltan | Corbis News | Getty Images</p>
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<p>SINGAPORE &#x2014; Several major Chinese cities have reportedly gone dark as authorities limit power usage, citing a shortage of coal.</p>
<p>Analysts said prices of the commodity in the country have shot up due to the reported crunch. The reports also follow rising trade tensions between Beijing and Canberra, leading some analysts to tie the coal shortages and blackouts to the unofficial ban on Australian coal.</p>
<p>Relations between the two nations soured last year after Australia supported an international inquiry&#xA0;into China&#8217;s handling of the coronavirus pandemic. Coal is just one in a growing list of Australian goods that China is targeting, <a href="https://www.cnbc.com/2020/12/29/trade-war-with-china-australias-economy-after-covid-19-pandemic.html">as a result of their escalating row</a>.</p>
<p>Last year, China told its power plants to limit the amount of coal imports from other countries to keep a lid on prices.</p>
<p>Beijing reportedly lifted those restrictions later, but didn&#8217;t remove curbs on coal imports from Australia. China also reportedly gave state-owned utilities and steel mills verbal notice to stop importing Australian coal.</p>
<p>China is the world&#8217;s largest coal consumer and its greatest source of coal imports was Australia. Coal is the energy source that the world&#8217;s second largest economy predominantly relies on &#x2014; even as it <a href="https://www.cnbc.com/2020/09/23/china-claims-it-will-be-carbon-neutral-by-the-year-2060.html">has committed to a renewable energy plan</a>. China is the second-biggest buyer of Australia&#8217;s thermal coal, a variety used to generate power.</p>
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<h2 class="ArticleBody-subtitle">Coal restrictions leading to blackouts?</h2>
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<p>Prices of coal in China have shot up as a result of the shortage and research firm Wood Mackenzie predicts they will remain high during the peak winter demand period.</p>
<p>&#8220;China&#8217;s thermal coal market is in chaos, with prices rocketing after daily price index releases were suspended on 3 December,&#8221; research firm Wood Mackenzie said.</p>
<p>The report said power rationing &#8220;has already commenced&#8221; in Hunan and Zhejiang provinces due to the shortages, and there is &#8220;little scope&#8221; for increased production from Chinese producers.</p>
<p>Concerns about the availability of electricity for ordinary Chinese spiked in December. A widely shared online article listed planned blackouts by the <a href="https://m.weibo.cn/status/4584875815870321?" target="_blank" rel="noopener">Shanghai State Grid</a> for different parts of Shanghai on Dec. 22.</p>
<p>Other regions have also restricted electricity use, the Shanghai State Grid added.</p>
<p>Some cities, primarily those in southern China, have imposed limits on off-peak electricity usage for factories since mid-December, <a href="https://www.scmp.com/economy/china-economy/article/3115119/china-suffers-worst-power-blackouts-decade-post-coronavirus" target="_blank" rel="noopener">according to a report last week by the South China Morning Post</a>. In the tech hub of Shenzhen, there have been week-long blackouts in different areas, the report said.</p>
<p>It was not immediately clear whether any of the blackouts actually happened, or to what extent.</p>
<p>Senior economist Marcel Thieliant at research firm Capital Economics said the blackouts are &#8220;underlining that China is willing to go to great lengths to harm Australia.&#8221;</p>
<p>Chinese authorities have not tied the blackouts to tensions with Australia or the coal restrictions. They instead attribute the restrictions on power use to exceptionally high demand and routine maintenance.</p>
<p>China has used 11% more electricity this December than last year, the National Development and Reform Commission said in December. The department is the country&#8217;s top economic planning body.</p>
<p>The commission said the rapid economic recovery, cold winter weather and limited supply have prompted some regions to restrict power use. China&#8217;s November coal imports fell 44% from last year, according to data from the Commonwealth Bank of Australia.</p>
<p>As temperatures are set to remain low, the commission said it expects national electricity demand to rise.</p>
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<h2 class="ArticleBody-subtitle">A shift in coal flows</h2>
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<p>China is now turning to alternative sources for coal.</p>
<p>Analysts noted that could lead to a shift in trade flows as Australia&#8217;s coal, one of the country&#8217;s largest exports, becomes the latest casualty in the trade fight. But experts say the developments will have limited impact on overall demand for Australian coal as it will simply find other markets.</p>
<p>&#8220;Trade flows will shift, as Australian coals look for new homes and higher volumes of non-Australia coking coals move to China,&#8221; said Wood Mackenzie in a recent note. Coking coals are a variety of coal used to produce steel.</p>
<p>Correspondingly, shifts in other trade flows of coal will occur, with China&#8217;s import data showing increased coal imports from Mongolia, Canada and Russia, the research firm said.</p>
<p>Last month, China <a href="https://www.reuters.com/article/us-indonesia-china-coal-idUSKBN2850WY" target="_blank" rel="noopener">signed a deal with Indonesia</a> to buy $1.5 billion worth of thermal coal.</p>
<p>Still, China is short of coal, said Wood Mackenzie, with some mills surviving on stockpiles and Mongolian coal prices increasing as the Chinese switch over.</p>
<p>&#8220;We suspect that China will continue&#xA0;(and probably intensify) its long-running efforts to reduce reliance on imported coal more generally in the coming years, though it will perhaps take some time to bear fruit,&#8221; according to a report by Capital Economics.</p>
<p>Next year, there will still be great pressure on China&#8217;s three main coal-producing regions to ensure supply, a national coal industry association said in a Dec. 1 <a href="http://www.eeo.com.cn/2020/1201/440557.shtml" target="_blank" rel="noopener">report in the Economic Observer,</a> a Chinese financial news outlet.</p>
<p>But factors such as China&#8217;s aim for peak carbon emissions in 10 years give companies less incentive to ramp up production.</p>
</div>
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		<title>US Energy Department To Put $45 Million Into Solar Hardware &#038; Systems Integration — Find Out More</title>
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		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
				<category><![CDATA[Environment]]></category>
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					<description><![CDATA[<p>January 4th, 2021 by U.S. Department of Energy&#xA0; The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) will host an&#xA0;informational webinar&#xA0;for its new $45 million&#xA0;Fiscal Year 2021 Systems Integration and Hardware Incubator&#xA0;funding opportunity on&#xA0;January 6, 2021, at 1:00 p.m. ET. DOE seeks to fund 10&#x2013;20 research and development projects that will advance solar</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/05/us-energy-department-to-put-45-million-into-solar-hardware-systems-integration-find-out-more/">US Energy Department To Put $45 Million Into Solar Hardware &amp; Systems Integration — Find Out More</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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										<content:encoded><![CDATA[<p><span>January 4th, 2021</span> by <strong><span><a href="https://cleantechnica.com/author/usdoe/" rel="author">U.S. Department of Energy</a></span></strong>&#xA0;</p>
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<p align="left"><a href="https://cleantechnica.com/files/2021/01/unnamed-5.png"></a></p>
<p align="left">The U.S. Department of Energy (DOE) Solar Energy Technologies Office (SETO) will host an&#xA0;<a href="https://doe.webex.com/mw3300/mywebex/default.do?nomenu=true&amp;siteurl=doe&amp;service=6&amp;rnd=0.8841456132873002&amp;main_url=https%3A%2F%2Fdoe.webex.com%2Fec3300%2Feventcenter%2Fevent%2FeventAction.do%3FtheAction%3Ddetail%26%26%26EMK%3D4832534b00000002636166d4d912883a10574ba936030a30264c511154c1462fe42c70c9692c32d8%26siteurl%3Ddoe%26confViewID%3D180706555630476293%26encryptTicket%3DSDJTSwAAAAKCjZT4B_odm4vQ_j8eSy-7tUOozPPGfxtIlRZKtomjPg2%26" target="_blank" rel="noopener">informational webinar</a>&#xA0;for its new $45 million&#xA0;<a href="https://www.energy.gov/eere/solar/funding-opportunity-announcement-solar-energy-technologies-office-fiscal-year-2021">Fiscal Year 2021 Systems Integration and Hardware Incubator</a>&#xA0;funding opportunity on&#xA0;<strong>January 6, 2021, at 1:00 p.m. ET</strong>. DOE seeks to fund 10&#x2013;20 research and development projects that will advance solar hardware and systems integration in the following topic areas:</p>
<ul>
<li>Grid-Forming Technologies Research Consortium</li>
<li>Integrating Behind-the-Meter Solar Resources into Utility Data Systems</li>
<li>Product Development and Demonstration</li>
</ul>
<p align="left">SETO staff will discuss the topics in depth and explain the types of projects we&#x2019;re looking to fund.</p>
<p align="left">Mandatory letters of intent for this funding opportunity are due&#xA0;<strong>January 11, 2021, at 5 p.m. ET</strong>.</p>
<p align="left"><a href="https://www.energy.gov/eere/solar/funding-opportunity-announcement-solar-energy-technologies-office-fiscal-year-2021">Learn more</a>&#xA0;about the topic areas and&#xA0;<a href="https://doe.webex.com/mw3300/mywebex/default.do?nomenu=true&amp;siteurl=doe&amp;service=6&amp;rnd=0.8841456132873002&amp;main_url=https%3A%2F%2Fdoe.webex.com%2Fec3300%2Feventcenter%2Fevent%2FeventAction.do%3FtheAction%3Ddetail%26%26%26EMK%3D4832534b00000002636166d4d912883a10574ba936030a30264c511154c1462fe42c70c9692c32d8%26siteurl%3Ddoe%26confViewID%3D180706555630476293%26encryptTicket%3DSDJTSwAAAAKCjZT4B_odm4vQ_j8eSy-7tUOozPPGfxtIlRZKtomjPg2%26">register today</a>.</p>
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<h2><center>Selling Teslas in 2012 vs. 2021</center></h2>
<p><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/tvVrLDtNoI8" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="">[embedded content]</iframe></p>
<hr>
<p class="omc-single-tags"><b>Tags:</b> <a href="https://cleantechnica.com/tag/department-of-energy-doe/" rel="tag">Department Of Energy (DOE)</a>, <a href="https://cleantechnica.com/tag/doe/" rel="tag">DOE</a>, <a href="https://cleantechnica.com/tag/research-roadmap-on-grid-forming-inverters/" rel="tag">Research Roadmap on Grid-Forming Inverters</a>, <a href="https://cleantechnica.com/tag/solar-energy-technologies-office-seto/" rel="tag">Solar Energy Technologies Office (SETO)</a>, <a href="https://cleantechnica.com/tag/u-s-department-of-energy-doe/" rel="tag">U.S. Department of Energy (DOE)</a>, <a href="https://cleantechnica.com/tag/university-of-maine/" rel="tag">University of Maine</a>, <a href="https://cleantechnica.com/tag/us/" rel="tag">US</a>, <a href="https://cleantechnica.com/tag/us-department-of-energy-doe/" rel="tag">US Department of Energy (DOE)</a>, <a href="https://cleantechnica.com/tag/us-solar-manufacturing/" rel="tag">US solar manufacturing</a>, <a href="https://cleantechnica.com/tag/webin/" rel="tag">WEbin</a></p>
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<div class="omc-authorbox" readability="9.0566037735849">
<h4>About the Author</h4>
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<a href="https://cleantechnica.com/author/usdoe/"><img decoding="async" alt="" src="https://secure.gravatar.com/avatar/66b94a9bb74c9f3bcf2b6e5a08560a54?s=80&amp;d=blank&amp;r=g" srcset="https://secure.gravatar.com/avatar/66b94a9bb74c9f3bcf2b6e5a08560a54?s=160&amp;d=blank&amp;r=g 2x" class="avatar avatar-80 photo" height="80" width="80" loading="lazy"></a>
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<p><a href="https://cleantechnica.com/author/usdoe/" title="Posts by U.S. Department of Energy" rel="author">U.S. Department of Energy</a> The mission of the U.S. Energy Department is to ensure America&#x2019;s security and prosperity by addressing its energy, environmental and nuclear challenges through transformative science and technology solutions. Learn more.</p>
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		<title>Georgia On My Mind: Senate Runoffs &#038; Renewables</title>
		<link>https://globalnewsvideo.com/2021/01/04/georgia-on-my-mind-senate-runoffs-renewables/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=georgia-on-my-mind-senate-runoffs-renewables</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
				<category><![CDATA[Environment]]></category>
		<guid isPermaLink="false">https://globalnewsvideo.com/2021/01/04/georgia-on-my-mind-senate-runoffs-renewables/</guid>

					<description><![CDATA[<p>January 4th, 2021 by Carolyn Fortuna&#xA0; On Tuesday, voters in the US state of Georgia head to the polls in twin Senate runoff elections. The elections are taking place because no candidate received more than 50% of the November votes, so Georgia law requires the top vote-getters to contend in a runoff. If both Democratic</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/04/georgia-on-my-mind-senate-runoffs-renewables/">Georgia On My Mind: Senate Runoffs &amp; Renewables</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><span>January 4th, 2021</span> by <strong><span><a href="https://cleantechnica.com/author/carolynfortuna/" rel="author">Carolyn Fortuna</a></span></strong>&#xA0;</p>
<hr>
<p>On Tuesday, voters in the US state of Georgia head to the polls in twin Senate runoff elections. The elections are taking place because no candidate received more than 50% of the November votes, so Georgia law requires the top vote-getters to contend in a runoff. If both Democratic candidates win, the Senate will have a 50-50 tie, and Democratic Vice President-elect Kamala D. Harris can cast a tie-breaking vote.</p>
<div id="attachment_56823" class="wp-caption alignright" readability="32">
<a href="https://cleantechnica.com/files/2013/09/perovo-solar-farm-16.jpg"><img decoding="async" aria-describedby="caption-attachment-56823" loading="lazy" class="wp-image-56823 size-medium" src="https://cleantechnica.com/files/2013/09/perovo-solar-farm-16-270x201.jpg" alt="" width="270" height="201" srcset="https://cleantechnica.com/files/2013/09/perovo-solar-farm-16-270x201.jpg 270w, https://cleantechnica.com/files/2013/09/perovo-solar-farm-16-570x425.jpg 570w, https://cleantechnica.com/files/2013/09/perovo-solar-farm-16.jpg 700w" sizes="(max-width: 270px) 100vw, 270px"></a></p>
<p id="caption-attachment-56823" class="wp-caption-text">Image: Zach Shahan &#x2014; CleanTechnica</p>
</div>
<p>That would be a step in the right direction to deal with the climate crisis, as the Republicans have turned a proverbial blind eye to soon-to-be former President Donald Trump&#x2019;s <a href="https://cleantechnica.com/2020/11/03/donald-trumps-75-99-real-attacks-on-our-environment/">executive orders</a> that have <a href="https://cleantechnica.com/2020/01/13/cleantechnica-readers-speak-out-about-dismantling-environmental-regulations/">shattered</a> over <a href="https://www.nytimes.com/interactive/2020/climate/trump-environment-rollbacks-list.html">100 environmental regulations</a>.</p>
<p>Until recently, Georgia hadn&#x2019;t taken the center stage in many media stories. Then November&#x2019;s federal election demanded a recount, and the US clung to news of whether Trump or Biden would carry the state. Now Georgia&#x2019;s Senate runoff races are featured news. In one race, a career businessperson (he made his millions demonstrating how US labor could be moved offshore) is poised against a relatively unknown documentary filmmaker. In the other race, the wealthiest person in the Senate is juxtaposed against the leader of the <a href="https://www.washingtonpost.com/history/2021/01/03/ebenezer-baptist-king-mlk-warnock/">Ebenezer Baptist Church</a> &#x2014; the same church where Dr. Martin Luther King, Jr. preached.</p>
<p>It&#x2019;s money against media and morality. And <a href="https://cleantechnica.com/2019/03/31/who-should-pay-for-corporate-environmental-degradation/">climate policy</a> hangs in the balance.</p>
<p>As our own Zachary Shahan has posed, &#x201C;<a href="https://cleantechnica.com/2020/11/14/georgia-what-have-republican-senators-done-for-you/">Georgia, What have your Republican Senators Done for You</a>?&#x201D;</p>
<p><span id="more-228224"><span id="more-200440"><a href="https://future.cleantechnica.com/subscribe/" target="_blank" rel="noopener noreferrer"><img decoding="async" class="aligncenter size-full wp-image-155294" src="https://cleantechnica.com/files/2020/04/Tesla-News-Electric-Vehicle-Solar-Energy-News-CleanTechnica-Members.jpg" alt=""></a><br /></span></span></p>
<p>To begin to live up to its renewable energy potential, Georgia must set statewide emissions reduction targets. Its climate activists have a significant task ahead to shift the political landscape in Georgia away from conservative ideologies about fossil fuel permanence toward visionary yet prudent climate legislation. Georgia Governor Brian Kemp won&#x2019;t be of much help &#x2014; he rejects calls for him to initiate executive orders that would enhance climate action and, instead, suggests that local solutions are best.</p>
<p>Cities in Georgia are making progress toward a zero emissions future. Atlanta has committed to 100% clean energy by 2035, and Savannah&#x2019;s town hall gatherings reinforce many citizens&#x2019; desire for the same goals. But more is needed, and Tuesday&#x2019;s Senatorial races will definitely be determining factors.</p>
<h3>Quick Facts about Georgia&#x2019;s Energy Production</h3>
<p>The US Energy Information Agency (EIA) <a href="https://www.eia.gov/state/?sid=GA">offers</a> the following overview of Georgia&#x2019;s energy production (updated November, 2020).</p>
<ul>
<li>The Elba Island liquefied natural gas (LNG) import terminal, with the capacity to receive 1.6 billion cubic feet of natural gas per day, added liquefication and export facilities with the capacity to export 350 million cubic feet per day. Export operations began in August, 2020.</li>
<li>Two new nuclear reactors under construction at Georgia&#x2019;s Vogtle nuclear power plant will almost double the plant&#x2019;s generating capacity and have planned startup dates in 2021 and 2022.</li>
<li>Natural gas accounted for 46% of Georgia&#x2019;s net electricity generation in 2019, the state&#x2019;s four operating nuclear reactors accounted for 26%, coal accounted for 20%, and renewable energy, including hydroelectric power, contributed nearly 9% of the state&#x2019;s utility-scale generation.</li>
<li>Georgia leads the nation in densified biomass fuel manufacturing capacity and is a leading wood pellet exporter.</li>
<li>In 2019, Georgia ranked 9th in the nation in electricity net generation and 7th in retail sales of electricity. Because the state uses more electricity than it generates, Georgia receives additional electricity from other states.</li>
</ul>
<p>Georgia is a state that needs to move to much more renewable energy, and it can leverage its geographic attributes to enact legislation to fight the climate crisis. A shift toward renewable energy in Georgia would make a real impact on reducing emissions. &#x201C;Georgia is at a clean energy crossroads,&#x201D; <a href="https://insideclimatenews.org/news/14062018/georgia-solar-power-renewable-utility-scale-clean-energy-investments-2018-election/">argues</a>&#xA0;Jennette Gayer, state director of the group <a href="https://environmentgeorgia.org/">Environment Georgia</a>. &#x201C;We have the potential to continue to grow our clean-energy footprint. The question is do we flatline or continue that upward trajectory.&#x201D;</p>
<h3>Renewable Energy Potential in Georgia</h3>
<p>As <a href="https://www.npr.org/2019/06/24/733795962/how-georgia-became-a-surprising-bright-spot-in-the-u-s-solar-industry">reported</a> by NPR, like most states in the Southeast, Georgia doesn&#x2019;t have the kind of state-level mandates that have propelled the growth of renewable energy in other parts of the country. Nor does public concern over the climate crisis or the need to curb greenhouse gases take priority when statewide issues are discussed. Here&#x2019;s the state of the state of renewables in Georgia.</p>
<p><strong>Hydroelectric power</strong>: Georgia holds a wealth of natural and manmade bodies of water which could become hydropower energy sources. Georgia is one of the <a href="https://www.eia.gov/state/analysis.php?sid=GA#:~:text=Georgia%20is%20the%20leader%20in,wood%20and%20wood%2Dderived%20fuels.">10 largest hydroelectric power producers</a> east of the Rocky Mountains and is the 14th largest producer of hydroelectricity in the nation as a whole. In 2020, utility-scale solar and hydropower for the first time<a href="https://ieefa.org/ieefa-u-s-georgia-solarhydro-electricity-output-tops-in-state-coal-generation-during-first-half-of-2020/"> generated more electricity than coal</a> during the first half of the year. Of course, hydropower can also cause environmental and social threats, such as damaged wildlife habitat, harmed water quality, obstructed fish migration, and diminished recreational benefits of rivers.</p>
<p><strong>Solar generation: </strong>Georgia is ranked as having the 9th highest potential solar capacity in the US. It <a href="https://insideclimatenews.org/news/14062018/georgia-solar-power-renewable-utility-scale-clean-energy-investments-2018-election/">doesn&#x2019;t offer tax credits</a>, and the legislature has never created a state renewable portfolio standard requiring utilities to sell renewable energy. There is no net-metering law to let solar homes sell excess energy back to the grid at retail prices.&#xA0;Since land is highly priced, the solar boom is reaching to the state&#x2019;s farthest corners &#x2014; often peanut, corn, and cotton country. In northern Georgia, the town of Dalton added a new industry to its manufacturing mix: the largest solar panel assembly plant in the Western hemisphere, a <a href="https://www.georgia.org/newsroom/press-releases/solar-cell-manufacturer-to-create-more-than-500-jobs-in-whitfield-county">$150 million investment</a>. Moving the state&#x2019;s conservative legislature toward new policies that encourage rooftop or smaller-scale distributed solar will be a bigger political lift.</p>
<p><strong>Offshore wind</strong>: Like Rhode Island, Georgie has the capacity along its Atlantic coast to harness offshore wind. <a href="https://www.wind-watch.org/news/2020/09/29/trumps-offshore-oil-ban-to-halt-coastal-wind-farms-too/">Trump&#x2019;s decision</a> to rule out energy development along the coast of Florida and neighboring states would bar not just offshore oil and gas drilling &#x2013; but coastal wind farms, too. The decision contrasts with bipartisan support for offshore wind from federal and state officials, according to the <a href="https://www.awea.org/resources/news/2019/awea-statement-on-vineyard-wind-delay">American Wind Energy Association</a>.</p>
<h3>The Georgia Climate Project</h3>
<p>The <a href="https://www.georgiaclimateproject.org/about/">Georgia Climate Project</a> believes that Georgia can emerge as a clear leader on climate change with a track record of rigorous analysis and constructive engagement among diverse groups leading to practical, science-based solutions that reduce risks and maximize opportunities associated with a changing climate. The Project seeks to mobilize the economic, environmental, and medical research community to answer a series of key climate research questions called Georgia&#x2019;s Top 40.</p>
<p>A multi-disciplinary team of experts from across the state has developed the <a href="https://news.emory.edu/stories/2018/05/georgia_climate_roadmap/campus.html">Georgia Climate Research Roadmap</a> to help policymakers and practitioners better understand and address climate change in Georgia. The 40 questions in the Roadmap are grouped into the following categories:</p>
<ul>
<li>weather and climate</li>
<li>ecosystems in Georgia</li>
<li>oceans and coasts</li>
<li>agriculture, forestry and food</li>
<li>water</li>
<li>energy and transportation</li>
<li>human health</li>
<li>communities and infrastructure</li>
<li>human values, social equity, and environmental justice</li>
<li>mitigation and adaptation across multiple sectors and scales</li>
</ul>
<p>&#x201C;This type of information is going to be really important for policymakers,&#x201D;&#xA0;<a href="https://news.emory.edu/stories/2018/05/georgia_climate_roadmap/campus.html">says</a>&#xA0;David D&#x2019;Onofrio of the Atlanta Regional Commission. &#x201C;On our side, we&#x2019;re already making plans to do more work on one of the big infrastructure questions by identifying vulnerabilities in our transportation system to climate change and extreme weather.&#x201D;</p>
<p>Each year in November, the Project hosts the <a href="https://georgiaclimateconference.org/">Georgia Climate Conference</a>, an event that gathers hundreds of experts from public, private, and non-profit sectors to discuss what a changing climate means for Georgia, and propose solutions to mitigate these consequences. Stakeholders at the conference have expressed how essential it is that the private sector serves as a positive influence on environmental policy in the absence of federal action. The event also allows academics to engage with the community and share their particular areas of expertise with the greater public. The Georgia Climate Conference is hosted by the Georgia Department of Natural Resources and brings together more than 430 leaders and experts from the public, private, nonprofit, and academic sectors to collaborate, raise awareness of work across the state, highlight progress, and identify opportunities to do more. They&#x2019;re focusing in 2021 on 2 areas:</p>
<p>1. What does a changing climate mean for Georgia?<br />2. What can we do about it?</p>
<p>Every individual has the power to make a difference in their community, even in the wake of government inaction, and people are beginning to realize this in Georgia through the Climate Conference and other advocacy efforts.&#xA0;<br />&#xA0;<br /><!-- CT new after-post --><br /><ins class="adsbygoogle" data-ad-client="ca-pub-1552008901061842" data-ad-slot="4461458457"></ins><br />&#xA0;</p>
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<hr>
<h2><center>Selling Teslas in 2012 vs. 2021</center></h2>
<p><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/tvVrLDtNoI8" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="">[embedded content]</iframe></p>
<hr>
<p class="omc-single-tags"><b>Tags:</b> <a href="https://cleantechnica.com/tag/environment-georgia/" rel="tag">environment georgia</a>, <a href="https://cleantechnica.com/tag/georgia/" rel="tag">georgia</a>, <a href="https://cleantechnica.com/tag/georgia-climate-conference/" rel="tag">Georgia Climate Conference</a>, <a href="https://cleantechnica.com/tag/georgia-climate-project/" rel="tag">Georgia Climate Project</a></p>
<p><br class="clear"></p>
<div class="omc-authorbox" readability="15.668407310705">
<h4>About the Author</h4>
<div class="omc-author-pic">
<a href="https://cleantechnica.com/author/carolynfortuna/"><img decoding="async" alt="" src="https://secure.gravatar.com/avatar/ff9144651f66150a360c02b9bf96a72e?s=80&amp;d=blank&amp;r=g" srcset="https://secure.gravatar.com/avatar/ff9144651f66150a360c02b9bf96a72e?s=160&amp;d=blank&amp;r=g 2x" class="avatar avatar-80 photo" height="80" width="80" loading="lazy"></a>
    </div>
<p><a href="https://cleantechnica.com/author/carolynfortuna/" title="Posts by Carolyn Fortuna" rel="author">Carolyn Fortuna</a> Carolyn Fortuna (they, them), Ph.D. is a writer, researcher, and educator with a lifelong dedication to ecojustice. She&#8217;s won awards from the Anti-Defamation League, The International Literacy Association, and The Leavy Foundation.<br />
As part of her portfolio divestment, she purchased 5 shares of Tesla stock.<br />
Please follow her on <a href="https://twitter.com/c4tuna31">Twitter</a> and <a href="https://www.facebook.com/c4tuna">Facebook</a>.</p>
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		<title>Massachusetts Will Require All New Cars Sold Be Electric By 2035</title>
		<link>https://globalnewsvideo.com/2021/01/03/massachusetts-will-require-all-new-cars-sold-be-electric-by-2035/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=massachusetts-will-require-all-new-cars-sold-be-electric-by-2035</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Thu, 01 Jan 1970 00:00:00 +0000</pubDate>
				<category><![CDATA[Environment]]></category>
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					<description><![CDATA[<p>January 3rd, 2021 by Johnna Crider&#xA0; On the last day of 2020, Massachusetts Governor Charlie Baker and his administration shared a plan that will deal a major blow to fossil fuel automakers while severely cutting the state&#x2019;s greenhouse-gas emissions in the next decade and beyond. These changes include the mandate that all new cars sold</p>
<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/03/massachusetts-will-require-all-new-cars-sold-be-electric-by-2035/">Massachusetts Will Require All New Cars Sold Be Electric By 2035</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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										<content:encoded><![CDATA[<p><span>January 3rd, 2021</span> by <strong><span><a href="https://cleantechnica.com/author/johnnacrider/" rel="author">Johnna Crider</a></span></strong>&#xA0;</p>
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<p><a href="https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-benefits.png"><img decoding="async" loading="lazy" width="1797" height="2039" class="aligncenter size-full wp-image-228247" src="https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-benefits.png" alt="" srcset="https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-benefits.png 1797w, https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-benefits-264x300.png 264w, https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-benefits-570x647.png 570w, https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-benefits-768x871.png 768w, https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-benefits-1354x1536.png 1354w" sizes="(max-width: 1797px) 100vw, 1797px"></a></p>
<p>On the last day of 2020, Massachusetts Governor Charlie Baker and his administration shared a plan that will deal a major blow to fossil fuel automakers while severely cutting the state&#x2019;s greenhouse-gas emissions in the next decade and beyond. These changes include the mandate that all new cars sold in the state will be electric by 2035, <a href="https://www.bostonglobe.com/2020/12/30/science/mass-require-all-new-cars-sold-be-electric-by-2035-part-climate-change-measures/"><em>The Boston Globe</em></a> reports.</p>
<p>In a <a href="https://www.mass.gov/news/baker-polito-administration-releases-roadmap-to-achieve-net-zero-emissions-by-2050">press release</a>, Governor Baker brought up the costly impacts of climate change. &#x201C;The people of Massachusetts are experiencing record droughts, increased risk of wildfire, severe weather, and flooding in our coastal communities.&#x201D; He added, &#x201C;The costly impacts of climate change are on display in the Commonwealth, making it critical that we take action.&#x201D;</p>
<p>Energy and Environmental Affairs Secretary Kathleen Theoharides noted that achieving net-zero emissions by 2050 will require hard work and noted that the plan established a blueprint to help the state. &#x201C;We know that achieving Net Zero emissions by 2050 will require hard work and collaboration across all sectors of the economy,&#x201D; she said. The plan &#x201C;establishes a blueprint that will help us achieve our climate goals in a way that is cost-effective and delivers significant benefits to residents across the Commonwealth, especially those in our most vulnerable communities.&#x201D;</p>
<h2>The Plan</h2>
<p><a href="https://cleantechnica.com/files/2021/01/Massachusetts-decarbonization-plans.png"></a></p>
<p>The plan, titled <a href="https://www.mass.gov/doc/ma-2050-decarbonization-roadmap/download"><em>Massachusetts 2050 Decarbonization Roadmap</em></a>, has more changes that will take place over the course of the next decade. One thing it noted is that deep decarbonization requires a systems engineering approach. This is due to fossil fuels powering every aspect of our economy and daily lives. It is like a house filled with rot &#x2014; a deep retrofit is required.</p>
<h2>Energy Efficiency of Buildings</h2>
<p>One part of the plan takes the energy efficiency of buildings into consideration, the focus being on deep improvements to buildings, such as air sealing, insulating walls and roofs, and installing triple-pane windows. This focus will reduce the airflow and allow energy recovery ventilation systems to ensure healthy buildings &#x2014; especially during the post-Covid-19 era.</p>
<h2>Low-Income vs High-Income Populations</h2>
<p>There are matters that will require greater energy use, though. Around 20% of Massachusetts homes do not have any home air conditioning, and 60% more rely on window or wall units. Data indicates that the lower-income populations have less access to air conditioning than higher-income populations, unsurprisingly. This issue, the plan noted, is exacerbated by a warming climate. Building simulations of a pre-1950 single family home showed that indoor temperatures today could exceed 91&#xB0;F, which is the temperature where heat exhaustion and heat stroke become a risk according to the Mayo Clinic.</p>
<h2>Emissions From New Buildings</h2>
<p>Emissions from new buildings, the plan pointed out, are most likely to grow to 1.5 MMTCO2 by 2050 under a base building code assuming the slow and steady advancement of the building code to 2050 without the implementation of a net-zero on-site emissions policy. Adopting such a policy, though, would reduce 2050 emissions from residential and commercial new construction by 54% if implemented in 2030 and by 87% if implemented in 2023.</p>
<h2>Making The Shift From A Fossil Fuel Grid To A Renewable Energy Grid</h2>
<p>Today, the Northeast electricity system has been designed to balance demand for electricity with centralized large-scale fossil fuel, hydropower, and nuclear resources. The flow of electricity normally goes one way &#x2014; from its generation source to the customer. The plan noted that for the state to meet future decarbonization goals, the electricity system will need &#x201C;significantly more renewable resources.&#x201D; You cannot adequately cut carbon emissions and stop global warming without shifting from fossil fuels to zero-carbon electricity generation sources.</p>
<p>The state will have to adapt the grid and the plan noted that the two-way flows of power and variable resources require a more dynamic grid to respond to electricity supply and demand in real time.</p>
<p>The plan also includes fluorinated gases, solid waste management, wastewater treatment, natural gas transmission and distribution, the challenges of additional carbon dioxide removal, and more ways to address the state&#x2019;s emissions and how it plans to tackle the challenge of lowering them. <a href="https://www.mass.gov/doc/ma-2050-decarbonization-roadmap/download">You can read the full plan here</a>.&#xA0;<br />&#xA0;<br /><!-- CT new after-post --><br /><ins class="adsbygoogle" data-ad-client="ca-pub-1552008901061842" data-ad-slot="4461458457"></ins><br />&#xA0;</p>
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<h2><center>Selling Teslas in 2012 vs. 2021</center></h2>
<p><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/tvVrLDtNoI8" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="">[embedded content]</iframe></p>
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<p class="omc-single-tags"><b>Tags:</b> <a href="https://cleantechnica.com/tag/charlie-baker/" rel="tag">Charlie Baker</a>, <a href="https://cleantechnica.com/tag/kathleen-theoharides/" rel="tag">Kathleen Theoharides</a>, <a href="https://cleantechnica.com/tag/massachusetts/" rel="tag">Massachusetts</a>, <a href="https://cleantechnica.com/tag/massachusetts-2050-decarbonization-roadmap/" rel="tag">Massachusetts 2050 Decarbonization Roadmap</a></p>
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<h4>About the Author</h4>
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<a href="https://cleantechnica.com/author/johnnacrider/"><img decoding="async" alt="" src="https://secure.gravatar.com/avatar/39ae2cf4db9eafe348474cbafa64deb5?s=80&amp;d=blank&amp;r=g" srcset="https://secure.gravatar.com/avatar/39ae2cf4db9eafe348474cbafa64deb5?s=160&amp;d=blank&amp;r=g 2x" class="avatar avatar-80 photo" height="80" width="80" loading="lazy"></a>
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<p><a href="https://cleantechnica.com/author/johnnacrider/" title="Posts by Johnna Crider" rel="author">Johnna Crider</a> is a Baton Rouge artist, gem and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to &#x201C;Believe in Good.&#x201D; Tesla is one of many good things to believe in. You can find Johnna on Twitter at all hours of the day &amp; night.</p>
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<p>The post <a rel="nofollow" href="https://globalnewsvideo.com/2021/01/03/massachusetts-will-require-all-new-cars-sold-be-electric-by-2035/">Massachusetts Will Require All New Cars Sold Be Electric By 2035</a> appeared first on <a rel="nofollow" href="https://globalnewsvideo.com">Global News Video</a>.</p>
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