Just over a week ago the BlueGreen Alliance—a coalition of 15 of America’s largest labor unions and national environmental groups representing more than 15 million members and supporters—sent a letter to President Obama supporting national standards to reduce methane emissions. EDF’s Natural Gas Director of Communications, Lauren Whittenberg, recently talked with Rob McCulloch, Director of Infrastructure Programs at BlueGreen Alliance to learn more about their interest in this issue.
Lauren: Hi Rob. Can you tell us a little about BlueGreen Alliance, and the work you’re doing?
Rob: BlueGreen alliance is a national partnership working to find common ground among labor unions and environmental groups and advance policies that help build a cleaner, fairer, and more competitive American economy.
Our partners agree: Our nation’s response to today’s environmental challenges will determine our future economy. It is important that our response includes the creation of good, family-sustaining jobs for future generations. Read More
By: Tom Murray, Vice President, Corporate Partnerships Program
Last week, financial community leaders took a big step into the intersection of business and policy on the urgent need to curb methane emissions from the oil and gas sector. A group of investors managing more than $300 billion in market assets sent a letter to the U.S. Environmental Protection Administration and the White House, calling for the federal government to regulate methane emissions from the oil and gas sector. The letter urged covering new and existing oil and gas sites, including upstream and midstream sources, citing that strong methane policy can reduce business risk and create long-term value for investors and the economy.
Spearheaded by Trillium Asset Management, the cosigners of the letter to EPA Administrator Gina McCarthy included New York City Comptroller Scott M. Stringer, who oversees the $160 billion New York City Pension Funds, and a diverse set of firms and institutional investors. They spelled out in no uncertain terms that they regard methane as a serious climate and business problem – exposing the public and businesses alike to the growing costs of climate change associated with floods, storms, droughts, and other severe weather. Read More
By: Jeff Milum, ICP Director of Marketplace Development
In virtually all established markets, from car loans to timeshares, standardization and automation has helped to accelerate underwriting, reduce long-term liability, and spur investment. The potential energy efficiency market is estimated at $1 trillion, but in order to achieve a fraction of this, the energy efficiency industry will need to leverage standardization and automation in order to scale to this level.
EDF’s signature energy efficiency initiative, the Investor Confidence Project (ICP), is accelerating the development of a global energy efficiency market by standardizing how Investor Ready Energy Efficiency™ projects are developed and energy savings estimates are calculated.
As a part of this effort, ICP is pleased to announce the release of the ICP Software Provider Credential, which will standardize the process of developing and documenting energy efficiency projects. Read More
By: Panama Bartholomy, Director of ICP Europe
The Investor Confidence Project (ICP), was recognized by the International Energy Agency (IEA), a global organization for 29 member countries, in its annual energy efficiency report, released today.
The IEA’s Energy Efficiency Market Report 2014 highlighted ICP as a program that will accelerate the development of a global energy efficiency finance market, saying in its energy efficiency finance chapter that the EDF initiative will “facilitate a global market for financings by institutional investors that look to rely on standardized products.”
For investors, the IEA puts the financial market for energy efficiency in the range of $120bn, with the launch of new products, such as green bonds, corporate green bonds, energy performance contracts, and expanded sources of finance likely to expand that figure. Lending from multilateral development banks and bilateral banks alone amounted to more than $22bn in 2012. Read More
By: Victoria Mills, Managing Director of EDF Climate Corps
Energy efficiency is a goldmine, but not everyone has the time or resources to dig. That’s why for the past seven years, over three hundred organizations have turned to EDF Climate Corps for hands-on help to cut costs and carbon pollution through better energy management. And every year, the program delivers results: this year’s class of fellows found $130 million in potential energy savings across 102 organizations.
But this year we also saw something new. In addition to mining efficiencies in companies’ internal operations, the fellows were sent farther afield – to suppliers’ factories, distribution systems, and franchisee networks. What they discovered demonstrated there is plenty of gold to be found across entire value chains, if companies take the time to mine it.
Here are three places where EDF Climate Corps fellows struck gold: Read More
By: James T. B. Tripp, EDF Senior Counsel
America’s electricity industry – the single largest source of carbon pollution in the U.S. – is at the heart of some of the world’s biggest environmental challenges, especially climate change. Given this connection, you would think an agency called the Federal Energy Regulatory Commission (FERC) would take into account the major environmental consequences of its policies, which fundamentally shape the U.S. power industry. Sadly, you would be wrong.
FERC is charged by law with ensuring wholesale rates and other critical aspects of the electricity industry, such as transmission practices, are “just and reasonable.” Yet FERC’s official policy is to exclude environmental considerations from its regulation of the industry. Why? FERC’s reasoning is based on a combination of questionable statutory interpretation and an approach to energy regulation that is stuck in the past. In fact, FERC’s statutory mandate over wholesale electricity sales and transmission dates back to the 1930s, long before scientists discovered climate change. Read More
SXSW Eco attracts a global community to explore, engage, and co-create solutions for a sustainable world. A uniquely inclusive platform for professionals, SXSW Eco examines the critical challenges of our times through a kaleidoscopic lens of design innovation, policy tipping points, technological breakthroughs, conservation practice, entrepreneurial spirit, and a culture of creativity to transform inspiration into action.
EDF will be there in full force, including participating in four panels (CST): Read More
By: Supraja Sudharsan, student at Georgia Institute of Technology
What does it take for a manufacturing firm with 24/7 operations to incorporate sustainability goals into its daily activities? I learned the answer to the question this summer at Owens Corning.
Owens Corning is an innovator in fiberglas™ technology operating in 27 countries around the world, with its products’ end-uses ranging from insulation and roofing shingles to wind turbines. The company has been a member of the Dow Jones Sustainability World Index for the last five years, and has rallied around climate change issues to achieve key milestones in its energy intensity and greenhouse gas reduction goals since 2002. Having picked the so-called “low hanging fruits” in energy efficiency, Owens Corning now aspires to purchase 100 percent of its primary energy from renewables. In this, the company’s most recent milestone has been the installation of the largest onsite solar PV system in New York State funded by the New York Sun program in 2013.
One reason this has been possible is due to a shift in the cost of renewable technology, with solar and wind approaching grid parity in some regions of the United States. This has provided an opportunity to enter the renewables space that did not exist a few years back. Technologies like net metering, which allows businesses to sell excess clean energy back to the grid and profit from their renewable deployment, and availability of third party energy suppliers in some states, as well as a means to track and retire the renewable certificates and the reporting standards that have emerged around these, have all been crucial for enabling this shift towards greater renewables. Read More
By: Lana Zaman, graduate student at UC Berkeley
Companies today are increasingly investing in energy efficiency upgrades, both to conserve energy and to reduce operating costs. By lowering greenhouse gas emissions and fuel expenses, energy efficiency benefits the economy as well as the environment in the face of climate change. Being from Bangladesh, a country that is on a trajectory to become completely submerged as sea levels rise, climate change is an important issue to me and is largely the reason why I joined EDF Climate Corps.
Before I began my fellowship, I asked myself: When there exists a seemingly obvious solution to current energy challenges, why aren’t more companies investing in these solutions? What is holding the private sector back from pursuing initiatives that not only save the company money, but can also contribute to mitigating climate change? Read More
By: Claire Dooley, student at the Bren School of Environmental Science & Management
Most of us in America would argue that affordable and reliable energy access is a basic life necessity, possibly even a basic human right. However, JD Power & Associates recently reported that only 3% of consumers are actually reviewing their energy usage more than once a month. Interaction with this commodity is almost entirely passive. Utilities do whatever it is they do to keep the electrons flowing, and we pay the bill.
With all of the public attention that energy’s impact on climate change has received in recent months—including IPCC findings that human-induced global warming is unequivocal and a new EPA regulation on coal-fired power plants—consumer awareness and interest in curbing our reliance on dirty energy is on the rise. Concurrently, the massive influx of residential clean energy technologies is providing unprecedented opportunity for the public to participate in climate change solutions. Read More