Monthly Archives: June 2014

Resiliency+: Demand Response Can Help Prevent Blackouts in the Northeast

Resiliency+ is a new blog series, which highlights the ways in which different clean energy resources and technologies can play an important part in increasing energy resiliency in New Jersey and around the country. Check back every two weeks, or sign up to receive Energy Exchange blog posts via email.

Source: http://aroundaworld.net/

Source: http://aroundaworld.net/

The Federal Energy Regulatory Commission (FERC) describes demand response as “changes in electric usage by end-use customers from their normal consumption patterns in response to changes in the price of electricity over time, or to incentive payments designed to induce lower electricity use at times of high wholesale market prices or when system reliability is jeopardized.”

There is quite a bit to unpack in that definition, but put simply, demand response is little more than a way of financially motivating customers to reduce their energy use when electricity is particularly scarce and expensive or when the wires are overburdened (check out EDF’s other blog posts and resources that go into more detail). The end result is a more efficient electric grid which is less overbuilt and less dependent on inefficient fossil-fuel plants that are often uneconomic to operate and highly polluting, but may be called upon when all else fails. Read More »

Posted in Clean Energy, Demand Response, Energy Efficiency, Energy Storage, Grid Modernization, Renewable Energy / Tagged | Comments are closed

Key Legislators Weigh the Economic Impact of Natural Gas

Courtesy RF, iStock 000014939237

Courtesy RF, iStock

This week, during a special hearing by the Joint Economic Committee of Congress, legislators gathered a cross-section of industry, policy, and environmental leaders to testify about the economic impacts of increased natural gas development. I was one of the witnesses, on behalf of Environmental Defense Fund, arguing that natural gas can only be a net winner for the economy if government acts fast to limit the impacts of new hydrocarbon development on air, water, and the global climate.

There is no question that unconventional gas development is lowering energy costs, creating new jobs, and supporting more domestic manufacturing. But it also poses real and substantial risks to public health and the environment – as well as a growing threat to the industry’s social license to operate. Continued expansion of U.S. gas development must be balanced with a strong commitment to protect against these impacts.

The congressional committee of both senators and representatives exhibited sharply differing perspectives on expanding natural gas regulation. The core question before all levels of government is whether the appropriate steps are being taken to implement and enforce the regulations necessary to minimize the risks. The answer: not yet.

Read More »

Posted in Air Quality, Climate, Natural Gas, Washington, DC / Read 1 Response

Growth in Green Bond Market Underscores Need for Market Standards

blog-checklistThe significant growth that we have seen in the past year in green/climate bond issuances – $11.4 billion in 2013 and an estimated $40 billion in 2014 – strongly suggests a threshold market acknowledgement of the enormous potential in these instruments. Growth in the market and a rapid increase in the volume of climate/green bonds strongly suggest that we are approaching a broad yet fundamental market acceptance of this new asset class. If so, it is important that we begin to shift gears and move from proving the model to creating the market infrastructure that incorporates meaningful standards to support a wider and more liquid market for climate/green bonds.

Green bonds and climate bonds are issued to pay for environmental projects. These are often issued by large institutions, such as World Bank, Bank of America, and Toyota that invest in both environmental and non-environmental projects. However, the proceeds from these bonds are invested exclusively in environmental projects. Many, but not all green bonds are climate-focused. Climate bonds, however, are totally linked to assets that encourage a rapid transition to a low-carbon and climate resilient economy. Read More »

Posted in Clean Energy, Energy Financing / Tagged | Read 2 Responses

Methane leaks need to be a thing of the past, and Sacramento is taking a step in the right direction with SB 1371

California has more than 100,000 miles of often-aging natural gas transmission and distribution infrastructure.   Methane, the primary component of natural gas, when vented or allowed to leak into the air is 84 times more potent than carbon dioxide at contributing to climate change over a 20-year timespan.  In addition, according to data from the Intergovernmental Panel on Climate Change, more than one-third of today’s human-caused global warming comes from short-lived climate pollutants that include methane. Taken together, this data shows how critically important it is to minimize natural gas leaks quickly.

Senate Bill (SB) 1371, authored by California State Senator Mark Leno, aims to cut methane pollution from California’s gas transmission and distribution system by requiring the Public Utilities Commission to get more aggressive in requiring utilities to find and fix natural gas leaks.  Yesterday, SB 1371 passed a critical vote in the State Assembly and is well on its way toward final passage later this summer. 

What does SB 1371 do?  Put simply, SB 1371 changes the way utilities respond to natural gas leaks.  Read More »

Posted in California, Clean Energy, Climate, General, Methane, State / Comments are closed

New York Energy Week Gives Clear Vision of Modern, Clean Energy Future

nyew1

By: Max Wycisk, Communications Intern

The second annual New York Energy Week, held last week, brought together more than 4,000 industry leaders and innovators – double the number last year – to discuss the dynamic changes the state’s energy sector has seen in the last twelve months, including the state’s historic move to re-examine its utility business model. In a series of panel discussions held throughout New York City, state, national, and international energy leaders reviewed key topics such as energy storage, building efficiency, and the rapidly evolving utility industry itself. While the topic of discussion varied, a number of consistent themes emerged, giving attendees a clear vision of the steps industry is taking toward adopting a modern, decentralized, clean energy future.

Communication drives innovation

One of the main themes of the conference, which was organized by research firm Enerknol, was the shift in how the energy industry will interact with consumers as well as the way in which it interacts with itself. Speakers frequently described the current energy industry as ‘fragmented’ or ‘acting within silos’ and questions arose at nearly every panel about how to stimulate conversation between different energy sectors that will lead to collaboration, investment, and innovation. Read More »

Posted in Clean Energy, Demand Response, Energy Efficiency, Energy Financing, Energy Storage, Grid Modernization, New York, Renewable Energy, Utility Business Models / Read 2 Responses

Chairman Nelson Cannot Ignore Texas Wind’s Benefits and Condemn Its Cost

Wind technicians working atop a turbine in Sweetwater, Tex. Source: NY Times

Wind technicians working atop a turbine in Sweetwater, Tex.
Source: NY Times

Earlier this month, Texas Public Utility Commission (PUC) chairwoman Donna Nelson called for the federal government to end its renewable energy tax credit for Texas wind and for the end of state policies that have resulted in Texas’ clean energy economy boon. The chairman’s appeal is so devoid of a factual basis it is hard to conclude that this is anything other than part of an orchestrated campaign by fossil fuel interests to stop the growth of renewable energy. Like the other attacks on clean energy, this is more politics than substance.

The federal and state policies that Chairman Nelson wants to eliminate have been great for Texas. Texas ranks first in the nation for wind-related jobs, employing over 8,000—and many of those jobs are keeping agriculture-heavy West Texas and Panhandle communities afloat amid the devastating multi-year drought. Plus, 60% of all wind projects under construction across the country in the first quarter of 2014 were in Texas. And studies (including one produced by the Texas PUC) have shown that electricity prices are lower when more wind energy is installed on the power grid.    Read More »

Posted in Clean Energy, Renewable Energy / Read 1 Response