‘Sea-change’ driving demand for renewable energy in U.S.

first_img FacebookTwitterLinkedInEmailPrint分享Reuters: The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump’s tax policy and tariffs, developers said this week.The Trump tax overhaul trimmed production and investment tax credits, and the administration also slapped a 30 percent tariff on imported solar panels. The moves, aimed at boosting manufacturing and economic growth, also dimmed prospects for renewables. But Trump’s withdrawal of federal support for Obama-era climate goals indirectly helped the industry by inspiring a backlash among U.S. cities, states and corporations, which have grown more ambitious about installing cleaner forms of energy.Also, investors with years of deals under their belts are less wary about financing solar and wind than they were years ago, and socially responsible funds are actively seeking projects to invest in, according to executives and investors at the Renewable Energy Finance Forum-Wall Street in New York. “There is a sea change in grass-roots demand for renewable energy,” Susan Nickey, managing director at Hannon Armstrong Sustainable Infrastructure Capital Inc., which invests about $1 billion a year in the sector, said in an interview on the sidelines of the conference on Tuesday. “More and more corporations and consumers are saying ‘We want 100 percent renewable energy,’” she said, adding city and state governments are adopting renewable-friendly policies to reflect that growing demand.She cited a survey of financial institutions that showed two-thirds of respondents planned to boost renewable investments this year. Some 89 percent said they would sharply increase planned investments from now to 2030 unless government policies slow demand for renewable energy.More: Renewable energy seeks demand, investment to survive Trump squeeze ‘Sea-change’ driving demand for renewable energy in U.S.last_img read more

Continue reading

How to stay away from debt in 2020

first_imgHave you ever done a Facebook cleanse, where you start removing these “friends” that you don’t talk to anymore or only met one time at a party? It’s an annual activity for me. Well this year, you need to remove someone from your life that definitely isn’t your friend. It’s name is debt. 2020 is the year to send debt packing! Debt isn’t always evil (if you’ve ever bought a house, you’ve gone into debt). But there is a lot of evil debt. Sometimes we just get in a bad habit of buying stuff. No matter how you’ve acquired your debt, it’s time to get free of it and kiss it goodbye. Here are a few ways you can kick the habit of building up debt…Forget about that extra cash: It’s the first of the year, so there’s a chance you’re starting off the new year with a pay raise. If you’re finding yourself in this situation, do something with that extra cash before you can spend it on frivolous things. Set your budget as if you’re still making what you made last year. You can send that extra cash into your 401k or your emergency fund, or make a new savings account that will help you save for trips or fun things you’d normally put on a credit card.  Even if you only got a small raise, it’ll add up over time.Set goals and stick to them: Money goals are key to keeping your finances on track. Your budget is a big money goal. It shouldn’t be a difficult goal to accomplish. You know how much you make, so it’s time to map out your monthly bills and stick to your spending allowances. Automating bills and savings deposits is one way you can help yourself stay on track.Let your credit card collect dust: Of all the cards in your wallet, your credit card should be the one you reach for least often. If you’d like to see your debt dwindle down to nothing, you’re going to have to start telling yourself no. It’s fun to buy stuff, but how often are those things really worth having more debt over? 106SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Detailslast_img read more

Continue reading

Businesses must have adequate support to prevent layoffs: Experts

first_img“During the pandemic, what the government can do – and what furloughed or recently unemployed people need – is cash assistance. If this could be done by the government, that would be of great help,” he said.As the pandemic has hit employers and laborers alike, the government should issue a regulation that ensures the two sides meet if the companies reduce their workforce, University of Indonesia (UI) labor law professor Aloysius Uwiyono suggested.“There should be a legal basis as a reference for the employers and workers so they are on the same page. Without it, I think it will be difficult for them to discuss severance payment,” he said.About 375,165 formal workers have been laid off nationwide and 1.03 million formal workers have been furloughed during the COVID-19 crisis, while 314,833 informal workers have lost their livelihoods, according to data from the Manpower Ministry. As COVID-19 arrests most industry activity and disrupts global supply chains, millions of Indonesian laborers face a greater risk of being furloughed or losing their jobs entirely.The government must now ensure that businesses have adequate support to prevent layoffs, and – where job reductions are inevitable – the government must ensure that workers’ rights are protected, labor experts have said.“The options [for laborers] are quite limited. If they are dismissed, it is important that they secure full compensation as stipulated by the Labor Law. If they are furloughed, they should get full wages and THR [holiday bonus],” said Hadi Subhan, a labor expert from Airlangga University. The government predicts that 2.9 million to 5.2 million workers could lose their jobs during the outbreak.If that becomes the case, the additional unemployment would erase last year’s gains of 2.5 million new jobs.Statistics Indonesia (BPS) data shows that 7.05 million people – 5.28 percent of the workforce of 133.56 million – were unemployed as of August 2019.Data from the Office of the Coordinating Economic Minister shows that 15,747 factories remain in operation in regions where large-scale social restrictions (PSBB) have been applied – about a third of the approximately 40,000 manufacturers that operate under normal circumstances. The companies are currently employing about 4.7 million workers out of the 17 million people who usually work in the sector.Workers in manufacturing and other labor-intensive sectors have been among those hit hardest by the COVID-19 outbreak. The government’s stay-at-home order has effectively halted production in nonessential industries. “The work-from-home approach is applicable only to workers in certain workplaces, but those in manufacturing cannot do it because they do everything in the factories,” said Aloysius.Read also: On May Day, workers marches go online to avoid coronavirus riskThe Indonesian Labor Workers Assembly (MPBI), a coalition of three major labor groups, has demanded employment protections amid the pandemic, noting that airlines, hotels, travel agents, restaurants, logistics firms, online transportation services, digital economic firms, as well as micro, small and medium enterprises have seen the most layoffs. They estimated that layoffs in these sectors could account for 90 percent of the total number of people who lose their jobs during the outbreak.Said Iqbal, president of the Confederation of Indonesian Trade Unions (KSPI), which is a member of the MPBI, demanded the government require public audits on companies that claimed financial losses, as he believed not all sectors had been hit equally by the pandemic.“We want public audits for companies that claim losses. For those that survive, we demand they pay full THR and wages so that these workers can maintain their purchasing power and the economy can eventually grow positively,” he said on Friday.Manpower Minister Ida Fauziyah said that the government had implemented tax incentives and planned to relax premium payments to the Workers Social Security Agency (BPJS Ketenagakerjaan) to support companies so that they could continue employing workers during the outbreak.The ministry, Ida said, was pushing for dialogue between stakeholders “to discuss issues related to tackling COVID-19 and its impacts on business and employment sustainability”. The ministry was also communicating with the regional administrations to prevent and resolve industrial relations disputes.Read also: Indonesia delays deliberations over labor issues in omnibus bill amid backlashA recent deal between the government and lawmakers to delay deliberation on the contentious labor provisions in the omnibus bill on job creation – coupled with COVID-19 restrictions and fears – led workers to scale back May Day rallies across the country on Friday. Many of them used social media instead to reiterate their disapproval of the job creation bill and demand protection during the economic crisis caused by the pandemic.According to Said Iqbal, the MPBI coalition will ask the government to withdraw the bill entirely and resume deliberation only if policymakers allow labor unions to join the drafting process.Topics :last_img read more

Continue reading