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Feb 15 • 5 tweets • 3 min read
.@NJGov Governor @PhilMurphy announced new commitments to accelerate #NewJersey's climate action today, including publicly backing a goal of 100% clean electricity by 2035 --up from prior 2050 target-- and 100% zero emissions vehicle sales by 2035. Bravo👏 nj.gov/governor/news/… Image
I'm personally excited to see Murphy publicly back 100% carbon-free electricity by 2035. Im pretty sure I was 1st to publicly lay this goal on the table, arguing in my keynote at the 2022 New Jersey Clean Energy Conference that the goal was now affordable & feasible thanks to IRA Image
That claim was based on detailed ZERO Lab modeling of the NJ & PJM power system for our Dec 2022 report, "Cleaner, Faster, Cheaper: Impacts of the Inflation Reduction Act and a Blueprint for Rapid Decarbonization in the PJM Interconnection" available here doi.org/10.5281/zenodo…
Here's the full slide deck from my keynote at the New Jersey Clean Energy Conference, held October 4th, 2022 in Atlantic City dropbox.com/s/nfv09ic0innh…
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More from @JesseJenkins

JesseJenkins Profile picture
Jan 25
.@Ford nails the real & symbolic importance of reinvestment in US manufacturing -- supported/directed by industrial policy passed by last Congress.

Paraphrasing: We're building big things. New things. Important things that move America forward, together:
This isnt just about Ford, or the auto sector. Thanks to a package of industrial policy bills passed last Congress (Infrastructure Law, CHIPS, IRA), we have a renewed public & private partnership directing investments in manufacturing, jobs, & economic opportunity across America.
From semiconductors to EVs and batteries, clean energy technologies to critical materials, the federal government is now throwing its financial weight behind the jobs and industries of the future and of national importance.
Read 4 tweets
JesseJenkins Profile picture
Dec 12, 2022
The #InflationReductionAct throws the full financial weight of the federal govt behind the clean energy transition.
The result: CO2 & electricity costs in the largest US electricity market, @pjminterconnect, will BOTH decline sharply through 2030, we find in a new ZERO Lab study Image
Detailed electricity system modeling performed for the report (doi.org/10.5281/zenodo…) also finds that PJM could cut CO2 as much as 80-90% from current levels by 2035 while maintaining bulk electricity supply costs comparable to or lower than levels experienced in recent years.
The study employs an open-source electricity system capacity planning model (genx.mit.edu) to assess the impact of the Inflation Reduction Act (IRA) on the cost of electricity, emissions, and investment in electricity capacity in @pjminterconnect over 2023-2035 period.
Read 18 tweets
JesseJenkins Profile picture
Nov 13, 2022
Last week, my fam said goodbye to gas stations and made the big switch to electric: we purchased a Mustang Mach-E! It's a true pleasure to drive so far. But several folks asked when I shared the news last week: what does it mean for your fuel costs and CO2 emissions? A thread...
Our NJ utility @PSEGNews charges us ~$0.16/kWh. Once we install a smart level 2 EV charger, we can qualify for a $0.02/kWh discount for off-peak charging, which we plan to do. Our AWD, extended range Mach-E uses 0.37 kWh per mile. So we pay $0.06/mi on-peak or $0.052/mi off-peak.
We traded in our Toyota RAV4 hybrid when we got the Mach-E. The RAV hybrid got a little over 40 MPG avg over 3 years of driving, and at current NJ avg gasoline cost of $3.94/gallon, that's ~$0.10/mile. So we're saving 4-5 cents/mile or $466-555/year (at 12k mi/yr) vs RAV hybrid.
Read 13 tweets
JesseJenkins Profile picture
Nov 12, 2022
It's 2010. Dems failed to pass a cap & trade bill w/58 vote Senate majority. They lose 6 Senate seats + 68 House.

It's 2022. Dems pass an investment-centric climate bill in a 50/50 Senate. It is impervious to GOP attack. Ds hold Senate (gain +1?) & lose minimal House seats. 🤯
I know neither election is all about climate. It never is. But the contrast above is remarkable. The fact that GOP didn't even ATTEMPT to attack IRA, even though it passed w/0 R votes right before midterms, speaks volumes to political durability of this approach to climate policy
In case the contrast wasnt clear, the policy strategy was 🔑: this time, Dems raised taxes on billion dollar corps & tax cheats that havent been paying their fair share to enact investments that make energy cheaper & cleaner for all Americans & drive more manufacturing in the USA
Read 6 tweets
JesseJenkins Profile picture
Nov 11, 2022
With US demand for EVs skyrocketing (2x market share year-on-year) & outstripping supply, auto makers are raising prices across the board. While EVs continue selling as fast as they're made, that pushes an EV purchase out of reach of many (for now).
theverge.com/2022/11/9/2344…
MSRP for 2023 models is going up several thousand $ for all popular models, including Teslas, Kia & Hyundai models, and Mustang Mach-E. Base level trims are also harder to find as automakers prioritize higher level trims w/higher margins. Then add in dealer mark-ups. It's a lot.
This is exactly what one expects when demand outstrips supply. Like many supply constraints, I think this one will be temporary & work its way out over next couple years. Automakers are investing 100s of billions to expand supply. Many more models coming, increasing competition.
Read 6 tweets
JesseJenkins Profile picture
Oct 23, 2022
All the metals the world mined in 2021 to scale. (Squint to find cobalt and lithium) visualcapitalist.com/all-the-metals…
I know oil extraction and mining aren't apples to apples, but also note the world extracted 4.2 billion tons of crude oil in 2021 (statista.com/statistics/265…), or 1.6x as much as the world's most mined metal (iron ore) and about FORTY THOUSAND TIMES more than all lithium extracted
Add to that 7.9 billion tons of coal extracted globally in 2021 iea.org/reports/coal-2…

Or more than SEVENTY FOUR THOUSAND TIMES as much as lithium (and coal mining is even more environmentally destructive than lithium extraction I'd wager).
Read 5 tweets

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