POV: Power Breakfast

Power Breakfast for Apr. 21, 2016

Jobs in the solar industry to surpass those in the oil industry by end of 2016; U.S. Senate passed energy sector bill; Paris climate agreement to be signed on Friday

POV: Power Breakfast

A nearly daily update of energy-related news:

  • While job postings for the solar industry currently make up 39 percent of the global-energy related work postings on Indeed and oil related jobs account for 50 percent, that is about to change. According to an article in Fortune, oil job postings have been declining by 12.6 percent every quarter while solar related jobs have been dropping at an average of 1.7 percent per quarter. At this rate, jobs in the solar industry will overtake those in the oil industry towards the end of 2016.
  • On Wednesday, the U.S. Senate passed a bill that will touch virtually every aspect of the country’s energy sector. The bill includes measures to include $50 million a year towards research into industrial-scale batteries that could revolutionize how electricity is not only generated but consumed. This legislation is said to have earned bipartisan support and passed by 85-12. The bill now moves to the House for review.
  • About 160 government representatives are traveling to New York this Friday to officially sign the Paris climate agreement that was agreed to in December 2015. This signing ceremony will set a record for international diplomacy as this will be the first time that this many countries have signed an agreement on the first day possible. The agreement, which is said to become effective in 2020, commits participating countries to reducing their carbon emissions and other greenhouse gases.
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