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
When you think about something that is 85 years old, you might think of history and tradition but not necessarily innovation. However, when the 85-year-old in question is a Chicago landmark committed to finding new ways to tackle energy management, cutting-edge solutions are par for the course.
The Merchandise Mart is a massive commercial space, spanning two city blocks along the Chicago River and offering some 4.2 million square feet of floor space. As expected, its energy consumption is also enormous, but the building has long been a leader in efficiency. And recently, the Mart took an even bigger step forward by unveiling an innovative battery storage unit that will help balance the electric grid – and earn money while doing it.
How the Mart came to be a clean energy leader
Built in 1930 for Marshall Field & Co., the Kennedy family owned the art deco structure for more than half a century, before selling it in 1998 to Vornado Realty Trust. Efficiency efforts began in the 1980s with the installation of an ice-storage cooling system that freezes tons of water overnight when cooling needs are minimal, allowing the building to shift power consumption to off-peak periods, save money, and reduce pollution. Read More
Every time I open my hometown newspaper and see a negative op-ed on America’s first nationwide limits on power plant carbon pollution – the Clean Power Plan – I think, “Oh boy. Some new industry water-carrier opposing commonsense efforts to improve public health.”
Now, to be sure, Texas is not the only state where groups have been telling lies and fearmongering in the press about these new clean air standards. But at least here in Texas, there seems to be one group in particular that’s leading the pack of spreading misinformation: Texas Public Policy Foundation (TPPF). They’ve been regurgitating the same tired, anti-science, anti-health nonsense for years.
A conservative think tank based in Austin, Texas, TPPF claims it is trying to protect people’s wallets – which is true if by ‘people,’ you mean its members. Just take a look at its donor list, which includes out-of-state interests like the Koch Brothers and Big Tobacco, as well as major coal players like The American Coalition for Clean Coal and Texas coal-burning electric generators.
The truth is, they don’t want Texans to realize the pollution standards are good for our health, water supply, and economy. Here are a few other things they’d prefer you didn’t know about the Clean Power Plan: Read More
By: Jeff Milum, Director of Market Development, Investor Confidence Project
40 percent of all energy in the U.S. is used by buildings, which also accounts for one-third of our country’s greenhouse gases emissions. This represents a huge opportunity, both for climate action and financial gain.
There’s just one problem: Project developers often have trouble finding financing for projects, even though investors who are looking to finance building efficiency upgrades are in need of more quality projects. This conundrum is increasingly apparent as more mainstream investors are entering the energy efficiency sector searching for investments with consistent, long-term yields, as well as “green” attributes.
That’s why Environmental Defense Fund’s Investor Confidence Project (ICP) is proud to announce the launch of the ICP Investor Network. By connecting investors who are seeking quality projects with trained and vetted project developers who are originating certified ICP-certified energy efficiency projects, ICP is working to help close this gap. Read More
The large-scale adoption of energy efficiency in buildings is a key to achieving a cleaner environment, lower utility bills, and more comfort for customers. But increasing private capital investment in the energy efficiency market has been a big challenge.
Environmental Defense Fund’s Investor Confidence Project (ICP) addresses one specific barrier to more energy efficiency investment: the lack of trust investors and building owners have in projected energy and cost savings. ICP offers protocols that define industry best practices for energy efficiency project development and a credentialing system that provides third-party validation.
By standardizing the process by which energy efficiency projects are developed and measured – and creating a new Investor Ready Energy Efficiency™ asset class as an end result – investors can more easily finance energy efficiency projects and have more confidence in the energy and financial savings expected from these projects.
While many states have made great strides promoting the policies and incentives to spur private investment in energy efficiency projects, my home state of New Jersey is getting serious about it.
When the Environmental Protection Agency (EPA) finalized America’s Clean Power Plan in early August, it marked the first time our country has put a limit on emissions from the nation’s largest source of carbon pollution: power plants. The standards represent a huge step forward for cleaner air and all of the benefits that come along with it.
Texas leaders immediately denounced the final plan, boldly proclaiming it would have catastrophic consequences, and vowed to fight the Clean Power Plan.
But if state decision makers stop to look at the facts, they will see that the Clean Power Plan is well within our reach. In fact, Texas can get to 88 percent of the way toward compliance simply through current trends alone, as shown in our new report out today, Well Within Reach: How Texas Can Comply with and Benefit from the Clean Power Plan. And, not only is compliance achievable, the plan actually provides Texas the opportunity to use it to grow the state’s economy. Read More