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..this is what capitalism looks like. and it is not human nature but political and economic structures that are governed by the rich and powerful.
Today we’ve consumed more resources than the planet can renew in a year
Today is Earth Overshoot Day, the date when we have taken more from nature than it can renew in an entire year. Unsustainable extraction is occurring on a planetary scale: we are using natural resources 1.7 times faster in 2018 than the Earth’s ecosystems can regenerate this year. Critically, this year is the earliest date that we have gone into ecological deficit, the only deficit that truly matters.
Earth Overshoot Day is a clear and growing signal that our economies are, in the words of the Global Footprint Network, operating a giant planetary Ponzi scheme: borrowing far more from the Earth’s ecosystems than they can sustain. But we are already having to pay the price. From deadly heat waves to mass extinctions, soil erosion to dwindling water supplies, we are entering a new era of accelerating environmental collapse.
Alliant plans to eliminate coal, cut emissions 80% by 2050
Alliant joins a handful of utilities announcing plans to eliminate coal use and increase investment in renewables. In June, Consumers Energy announced it would file a long-term plan that calls for nixing coal use by 2040 and more than tripling renewable energy utilization over the course of the next 10 years. In January, PPL Corp. said it expects most of its Kentucky coal fleet to be retired by 2050 and Duke Energy has included coal-less scenarios in its long-term planning.
New construction and purchase agreements will allow Alliant to grow its wind portfolio to more than 2,700 MW by 2021. Earlier this year Alliant received approval for 500 MW of wind in Iowa, which means about a third of its capacity in that state will be wind power by 2020.