Energy Exchange

These red and blue states are tackling climate change since Trump won't

By Keith Zukowski, Communications Project Manager

If you’ve been focused on recent reports of climate disaster, or on the Trump administration’s relentless attacks against environmental safeguards and climate science, you’re probably worrying we’re not making progress – at all.

But look a little closer, right here in the United States, and you’ll see that people aren’t waiting around. Instead of giving in to a warmer, more chaotic world, states across the country have stepped up, and into, the vacuum left by the federal government.

They’re implementing creative, innovative solutions that tackle climate change while prioritizing people, our economy and the environment. While federal policies will ultimately be necessary to fully take on climate change, these states are proving that action is both doable and good for the economy.

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Also posted in California, Clean Energy, Colorado, New Jersey, North Carolina, Renewable Energy, Wyoming / Comments are closed

Comprehensive climate reporting must include methane: New report shows you how

By Kate Gaumond and Sean Wright

Just last month 13 of the world’s largest oil and gas majors—including ExxonMobil, BP and Shell —came together for a new commitment to reducing a key super pollutant. Methane, the primary component of natural gas, is the second leading contributor to climate change and over 80 times more potent than carbon when leaked into the atmosphere in the short-term. What’s more surprising? The coalition’s new methane target proceeded despite an uncertain regulatory landscape in the U.S.

One of 76 recent environmental rollbacks, the Trump administration’s latest move toward undoing common-sense methane regulations is expected by the EPA’s own estimates to allow an additional 480,000 tons of methane emissions. Yet behind the scenes, pressure on industry to transparently reduce emissions is coming from an unexpected source: investors. Investors understand the material risk methane poses their portfolios and have been urging companies to act. Given the lack of current national policy leadership in the U.S., investor pressure on industry to manage climate risks like methane will likely only increase.

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Also posted in Methane, Natural Gas / Comments are closed

UN Special Report confirms urgent need to reduce methane emissions

The latest UN IPCC report makes it crystal clear that carbon dioxide (CO2) is not the only pollutant that matters for limiting future warming.

Deep reductions in emissions of non-CO2 pollutants, particularly methane (CH4), are essential to staying below temperature targets, and have the added benefits of improving public health, food security, and ecosystems.

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Also posted in Methane, Natural Gas / Comments are closed

As L.A. temperatures rise, so does interest in cleaner air and cleaner energy

This blog was co-authored by Annie Cory, Princeton Environmental Institute (PEI) Intern for EDF's Oil & Gas Program

Just like many cities that have experienced record high temperatures in 2018, Los Angeles was hit with a heat wave of record proportions in early July, with temperatures topping 113 degrees in several parts of the county. As air conditioners across the region struggled to keep up, the heat pushed our energy grid over the brink, with blackouts leaving at least 80,000 Angelinos sweltering without electricity.

Such elevated temperatures are not typical for Los Angeles. Yet weather events like these are becoming both more frequent, and more intense. Burning more fossil fuels, of course, only compounds the warming problem.

To put a dent in the causes and impacts of man-made climate change, cities, states and nations will need to implement a portfolio of solutions aimed at cutting carbon across the board and boosting the resiliency of our energy grid. By increasing the share of renewable energy used to power our homes and businesses, and incentivizing technology like battery storage while expanding focus on energy conservation, the threat of blackouts can be greatly diminished during hot summer days.

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Also posted in Air Quality, California, Clean Energy, Community Solar, Energy Equity, Energy Storage, Methane, Natural Gas, Renewable Energy, Solar Energy / Comments are closed

In Permian, company leadership and state standards are critical for reducing oil and gas methane emissions

By Jon Goldstein and Colin Leyden 

This May, ExxonMobil, the world’s largest publicly traded oil and gas company, announced targets to limit methane waste from its global operations. We’ve also seen commitments to cut methane from a range of leading companies like BP and others.

But as more companies step forward with methane targets, it begs the question: Is voluntary action from companies enough to move the needle on methane? A look at what could become the world’s largest oil field points to the answer being a solid no. Read More »

Also posted in Methane, Natural Gas, New Mexico, Texas / Comments are closed

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 »

Also posted in Energy Efficiency, Energy Financing, Investor Confidence Project / Comments are closed