Fossil fuels are subsidized $10 million a minute, IMF says

SUBSIDIES: Fossil fuel companies are benefiting from global subsidies of $5.3 trillion a year, equivalent to $10 million a minute every day, according to the International Monetary Fund. (Guardian)

GRID:
• Climate change could hurt the ability of utilities in the 11 Western states to generate power unless they ​“climate proof” their power grid with renewables and energy efficiency, say Arizona State University researchers. (Climate Central)
• The Federal Energy Regulatory Commission wants the EPA’s climate rule for power plants to include a ​“safety valve” to protect reliability of the nation’s grid. (The Hill)

CLEAN POWER PLAN:
• At least 41 states are in talks with neighbors about how they might cut power sector carbon emissions under the EPA’s Clean Power Plan. (ClimateWire)
• A poll of state governors on Senate Majority Leader Mitch McConnell’s call to boycott implementation of the Clean Power Plan found most are reluctant to embrace the senator’s strategy. (Bloomberg BNA)
• Although opponents label it as a ​“war on coal,” the Clean Power Plan will work mostly by stoking more efficient uses of energy, according to a new analysis. (The Washington Post)

SOLAR:
• While Berkshire Hathaway utilities make massive investments in renewable energy, the company is fighting a plan to give Nevada residents more access to green power. (Bloomberg)
• The Nevada Senate on Sunday unanimously approved a bill that puts state regulators in charge of deciding how to credit rooftop solar homeowners for electricity generation. (Las Vegas Review-Journal)

FRACKING: Texas’ governor said Monday he will sign into law a bill that reasserts state control over oil and gas drilling and prohibits cities from banning fracking, leaving them little control over the industry within city limits. (Fort-Worth Star Telegram)

COAL:
• Projections show coal’s future as a major energy source is being undermined by market forces and moral arguments as much as government regulations. (InsideClimate News)
• A pair of southern Illinois lawmakers are leading an effort to ensure the state’s power plants burn locally mined coal, a fuel source that fell out of favor a quarter-century ago. (EnergyWire)

BATTERIES: The first-ever electricity generating system to use recovered hybrid vehicle batteries for commercial energy storage is up and running at Yellowstone National Park. (Environmental News Service)

COW POWER: The Cow Power Program at Vermont’s Green Mountain Power provides electricity for 2,500 customers from large quantities of anaerobically digested manure. (ClimateWire)

INNOVATION: Governments must set clear carbon targets to force clean energy innovation, Unilever’s CEO said ahead of a business climate summit in Paris this week. (BBC)