Energy Exchange

New global underwriting standard for the buildings sector helps cities tackle pollution

Cities around the world are taking the lead on fighting climate change, making huge commitments to reduce pollution and meet the goals of the Paris Agreement. And it’s a good thing they are.

According to C40 Cities Climate Leadership Group, 75 percent of global greenhouse gas emissions come from cities, and about half of this pollution comes from buildings alone. All in all, buildings account for about 40 percent of all energy use – and up to half of this energy is wasted. With 70 percent of the world’s estimated 9 billion people expected to live in urban areas by 2050, addressing energy use in buildings (and the carbon emission it creates) is essential to catalyzing cities’ efforts. Reducing “building emissions” will require a toolbox of policy, finance, and engagement with public and private sector building owners, managers, and investors.

This week, a tool Environmental Defense Fund (EDF) began designing about five years ago to help investors weigh and value energy efficiency projects is becoming a global underwriting standard for building upgrades. Following successful momentum in the United States, Europe, and Canada, the Investor Confidence Project (ICP) officially joined the portfolio of global certification programs delivered by Green Business Certification, Inc. (GBCI) including LEED (for green buildings), GRESB (for real estate portfolios), and WELL (for healthy buildings).  GBCI is now providing world-class training and support for ICP’s Investor-Ready Energy Efficiency ™ (IREE) certification. Read More »

Posted in Climate, Energy Efficiency, Energy Financing, Investor Confidence Project / Leave a comment

Oil and gas front group fails to read fine print on climate pollution…again

Last week, EDF released a new analysis, based on current, peer-reviewed science, that estimates methane emissions from Pennsylvania’s oil and gas sites are nearly five times higher than what industry reports to the state’s Department of Environmental Protection. If you look strictly at emissions from unconventional well sites – emissions are twice as high as what companies report.

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Posted in General, Methane, Natural Gas, Pennsylvania / Comments are closed

All pain, no gain: BLM methane rule rollback hurts Westerners, helps no one

The rhetoric of President Trump and Secretary of the Interior Ryan Zinke might suggest they care about maximizing America’s abundant natural resources. However, their actions repeatedly prove the opposite.

Every day roughly one million dollars’ worth of American natural gas is lost from taxpayer-owned lands through flaring, intentional releases, and leaks. After first temporarily suspending measures to cut this waste, the Department of the Interior earlier this week proposed ‘replacing’ them with a measure that will turn the clock back to the 30-year-old rigged system that allows operators to waste this public resource with virtual impunity.

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Posted in BLM Methane, Methane, Natural Gas / Comments are closed

Clean energy – not natural gas – drove decarbonization in 2017

Despite attempts by the Trump administration and the coal industry to limit clean energy in favor of fossil fuels – including a tariff on solar energy, a thinly-disguised bailout for coal and nuclear power plants (that was rightly rejected), and a dramatic proposed cut to energy research – we are accelerating the transition to a cleaner electric grid. In fact, last year was the first time the reduction in power sector emissions can be attributed more to energy conservation and renewable energy than switching from coal to natural gas.

The new 2018 Business Council for Sustainable Energy (BCSE) Factbook* highlights the electric power sector as the driving force behind the decarbonization of the U.S. economy. In total, power sector emissions declined 4.2 percent in 2017, mostly due to the 18.4 GW of new renewable energy we added to the grid (a 14 percent increase over the previous year’s total U.S. renewable capacity). In 2017, renewable generation represented about 18 percent of total U.S. generation (around10 percent from non-hydro renewables alone).

This explosive growth further cements renewable energy’s role in reducing emissions from the U.S. power sector. Let’s dig into the factors that led to this growth, and how we can extend this trend of emissions reductions from renewables beyond 2017. Read More »

Posted in Clean Energy, Climate, Demand Response, Electric Vehicles, Electricity Pricing, Energy Equity, Grid Modernization, Natural Gas, Solar Energy / 3 Responses

Report reveals pollution transparency problems for majority of New Mexico’s energy companies

Much is known about the methane pollution coming from New Mexico’s oil and gas industry. Scientists studying methane emissions have found the nation’s most concentrated cloud of methane shrouding the state’s San Juan Basin. And since methane is the primary components of natural gas, we know the state’s operators are wasting hundreds of millions of dollars per year because of these leaks.

We know much less, however, from New Mexico’s oil and gas companies themselves.

A new report reveals that far too few oil and gas producers are disclosing information about their methane waste problem.

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Posted in Methane, Natural Gas, New Mexico / Comments are closed

EPA inventory shows U.S. oil & gas methane emissions remain a major problem

The U.S. Environmental Protection Agency (EPA) has released a draft of its annual update to the U.S. Inventory of Greenhouse Gas Emissions (GHGI). The draft, which now includes emissions data for 2016, estimates oil and gas operators released 8.1 million metric tons (MMT) of methane of the course of the year through leaks, venting, and incomplete combustion—a mere one percent reduction from 2015.

EPA’s estimates of annual oil and gas methane emissions are likewise essentially flat from 2005 to 2016, showing a three percent increase. While some industry groups like to highlight the 15 percent decrease in emissions from 1990 to 2016, this ignores the fact that emission estimates have hovered around 8.1 MMT for the last dozen years, having roughly the same near-term climate impact every year as the emissions of 167 coal-fired power plants. Recent science has also suggested that methane is even more potent over twenty years than previously thought; the newer science suggests these emissions pack 14 percent more warming power, and are equivalent to more than 190 coal-fired power plants.

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Posted in Methane, Natural Gas / Comments are closed