Often lost in greens’ advocacy is how a cleaner environment improves the lives of individuals. People hear, “Save the trees!” or “Use clean energy!” But if you’re out of work or can’t afford the electricity bill, you may ask, “How do these environmental efforts help me and my family?”
Yesterday, the University of Texas released its newest UT Energy Poll, which was conducted in January and concerns nationwide views on energy issues. The results indicate attitudes toward clean energy are overwhelmingly positive. This data also suggests, however, that people do not place as high of a priority on energy issues as they do on more personal issues, such as job creation.
Perhaps people don’t realize the extent to which clean energy and economic gains are actually closely linked. Therefore, investing in clean energy solutions will align with the public’s support and help address their biggest concerns. Read More
From Apple to General Electric, it is common practice in the corporate world for established juggernauts to invest significant sums for research and development. Why? Maintaining one’s reign atop a sector requires dynamic, cutting edge innovation.
The same logic applies to state economies. And when it comes to energy, Texas – where oil and gas reign king – has arguably been America’s most dominant state for the past century. Over recent years, however, technologies and developments reshaping the sector have advanced at an unprecedented rate. As a result, it’s become clear that the energy sector of the future will rely far more on clean energy and smart technologies than on fossil fuels.
The good news: Texas has by far the most potential for solar and wind generation in the United States, which means the Lone Star state might be even more energy-rich in the 21st century than it has been in the past. In addition, the state’s energy sector is trending cleaner due to market forces.
And, in case you needed more proof, 2015 has been a dynamite year for clean energy momentum in Texas. Here are five reasons why: Read More
Over the next four years, Texas’ energy landscape will change dramatically. For example, throughout the 630-mile, nine-hour drive from Denton, Texas to El Paso, rolling hills will dominate the horizon and aromas from pastures and barbeque pits will waft through windows, as they have for the past hundred years. What will have a far less prominent role, however, are coal-fired power plants.
That’s because there seems to be a domino effect occurring in Texas: more and more cities are turning to affordable, renewable energy to power their needs.
Denton, Georgetown, and other Texas clean energy pioneer cities
Earlier this month, the municipal electric utility that serves Denton, a North Texas city of 130,000 people, announced plans to get an impressive 70 percent of its energy from renewable sources by 2019. That’s well above the 10 percent Texas currently receives from renewables (on average). Read More
By: Peter Sopher, policy analyst, clean energy, and Sarah Ryan, clean energy consultant
Over the past century, the electric grid in the United States has experienced only minor changes. There is evidence, however, the power sector is changing. We are moving away from traditional coal generation and toward alternative, cleaner energy sources. And despite our state being primarily known for oil and gas, Texas is no exception.
In fact, Texas’ electricity sector has been trending cleaner over the past decades, driven by deregulation of the electricity market, the development of the massive highway of transmission lines built to carry West Texas wind to cities throughout the state – the Competitive Renewable Energy Zone (CREZ), and technological progress. Basically, once the market was opened up to competition, the more economic options – which also happen to be cleaner – began to gain a foothold. And there’s no stopping this train.
Where we are and where we’re going
To start, the declining use of fossil fuels to power our lives is perhaps the most significant change in Texas. As shown in Figure 1 below, fossil fuels’ (coal and gas’) proportion of the state’s electricity generation mix shrunk from 88 percent in 2002 to 82 percent in 2013. Read More
‘Disruptive’ is a favorite word among entrepreneurs and innovators, but start-up companies like Airbnb and Uber truly have disrupted long-standing industries over the past few years. Beyond their youth and success, what further links these two companies as well as many others (such as Teespring, Postmates, Patreon, and Verbling), is the way they empower people.
Exemplified by Airbnb and Uber, among others, is a new kind of business model that is revolutionizing many sectors, including how we get our electricity. Just like hotel and taxi industries, these disruptive, decentralized trends are taking hold in energy – affording people more choice, enabling existing resources and technology, and empowering people to veer from the traditional provider of services. Moreover, they even allow some people to make money in ways that didn’t exist until recently. Read More
Citigroup Inc. recently pledged $100 billion for lending, investing, and facilitating deals related to sustainability, renewable energy, and climate change mitigation. This is yet another sign that global capital markets are enormously interested in delivering capital into clean, renewable sources of energy. But you don’t have to be Citigroup to invest in the clean energy future.
The industry’s rapid growth presents an interesting diversity of long-term opportunities for individuals like you and me who might be looking to make investments in a low carbon economy.
Fueled by an increased demand for solar and wind energy, clean energy investment last year beat expectations, rising 16 percent to $310 billion worldwide, according to Bloomberg New Energy Finance (BNEF). Fortunately, this robust growth is representative of a general upward trend in clean energy investment over the past decade.
Although the vast majority of this money is coming from governments, corporations, and private equity and venture capital firms, people of all income levels can consider whether it is right for them to add clean energy to their investment portfolios. And, you don’t need millions in the bank to make these types of investments – any investor can consider whether to put their money to use through the four financial instruments described below. Read More