Feb 28, 2020 - Energy & Environment

Wind now generates more electricity than other renewables in the U.S.

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How Congress' coronavirus stimulus would affect the energy industry

Photo: Joe Raedle/Newsmakers

Senate Republicans' version of the "phase 3" coronavirus stimulus, which stalled in a procedural vote last night, would provide $3 billion for the White House plan to buy 77 million barrels of oil for the Strategic Petroleum Reserve.

What we're watching: Whether Capitol Hill negotiations on this or subsequent bills will address the renewable power sectors' push — backed by some Democrats — to modify and extend availability of tax incentives.

The impact of coronavirus spans the energy universe

Illustration: Sarah Grillo/Axios

The effects of the coronavirus on renewable energy, electric vehicles and oil are all coming into sharper focus in recent days.

Why it matters: A report from research firm BloombergNEF provides a window onto the breadth of the virus' effects on a suite of energy technologies, not just use of oil.

Coronavirus response should promote clean energy — IEA

Photo: picture alliance / Contributor/Getty Images

The International Energy Agency is urging governments to weave policies that support climate-friendly energy into their economic responses to the novel coronavirus.

What they're saying: "These stimulus packages offer an excellent opportunity to ensure that the essential task of building a secure and sustainable energy future doesn’t get lost amid the flurry of immediate priorities," IEA executive director Fatih Birol said.