Selected category: Energy Financing

Mayor de Blasio Builds on NYC Clean Heat Success, Launches Ambitious Building Efficiency Program

de blasioBuilding on the momentum of Climate Week NYC and the Pope’s visit to New York last week, Mayor Bill de Blasio announced today the launch of an ambitious new program called the NYC Retrofit Accelerator.

Tasked with upgrading 20,000 (or 15 percent) of New York City’s private buildings – 40 percent of which will be low-income housing – the Retrofit Accelerator will provide resources for buildings owners and managers to improve their energy and water efficiency. Addressing energy use in buildings is key to meeting the city’s ambitious carbon reduction goals, as buildings account for roughly 75 percent of the city’s carbon emissions. It is estimated that the Retrofit Accelerator will result in cutting approximately 940,000 metric tons of carbon dioxide equivalent annually by 2025. The city has said this is the equivalent of taking 200,000 cars off the road.

If this program sounds familiar, that’s because de Blasio revealed Retrofit Accelerator at Climate Week NYC last year as part of the broader One City Built to Last plan. Today’s announcement marks the formal launch of this program, an exciting expansion of the successful NYC Clean Heat model, which resulted in New York’s cleanest air since the early 1960s. Read More »

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Denver Housing Authority Sets Bar for Municipalities Nationwide

solar homesBy: Victoria Mills and Cheryl Roberto

To many, it may seem that pursuing environmental sustainability would fall relatively low on a municipal housing authority’s goals.  After all, providing moderate and low-income families with clean, stable homes in the face of uncertain federal subsidies and increasing taxpayer scrutiny is challenge enough.

The Housing Authority of the City and County of Denver (DHA), therefore, deserves praise for its innovative solar power program that not only provides renewable energy, but creates revenue for the housing authority, creates green jobs in the region, and saves taxpayers’ money – all the while reflecting the spirit of the federal Department of Energy’s Better Buildings Challenge, which looks to reduce energy consumption by 20 percent by the year 2020. DHA serves as a model for municipalities across the country.

Andrea Davis of the DHA’s Real Estate Department and Chris Jedd, portfolio energy manager, showed the creativity and sheer will to make a lofty renewable energy goal affordable, manageable and successful, while providing their communities with empowerment, economic opportunity, and a vibrant living environment. Read More »

Also posted in EDF Climate Corps, Energy Efficiency, Renewable Energy| Tagged , , , , , | Comments are closed

Building Energy Retrofits Just got a lot Easier with this New Toolkit

toolsBy: Karen Penafiel, Vice President, Advocacy, BOMA International

At its Every Building Conference this summer, the Building Owners and Managers Association (BOMA) International announced the relaunch of its BOMA Energy Performance (BEPC) toolkit.  BEPC is an industry-vetted, proven process to plan, procure, and implement performance-driven building retrofits that has been used in successful projects around the world. For this reason, BEPC and the Investor Confidence Project (ICP) are a “natural fit.”

ICP, an Environmental Defense Fund initiative designed to unlock investment in energy efficiency, is accelerating the development of a global energy efficiency market by standardizing how projects are developed and energy savings are calculated. Together, BEPC and ICP can be used to execute successful, reliable, investment-grade energy retrofit projects from concept through measurement and verification.

ICP’s Roadmap to Investor Confidence lays out six major steps in the project development cycle: origination, project development, quality assurance, certification, underwriting, contracting, and performance. BEPC includes a flexible framework and supporting toolkit of template documents that can assist building owners, operators, and program managers at each stage of this process. Two key areas where the BEPC toolkit is particularly useful in the ICP project development cycle are: Read More »

Also posted in California, Clean Energy, Energy Efficiency, Investor Confidence Project| Tagged , , , , | Read 1 Response

How the Clean Power Plan Can Benefit Latino Communities

rp_CPP-Latinos-Final-300x300.jpgEarlier this month, the United States announced a major step forward in addressing air quality concerns and climate change threats to Latinos.  I’m talking about the Clean Power Plan, which establishes the first-ever national limits on carbon pollution from powerplants and places us on a path to heed Pope Francis’s call to protect our planet.

Unfortunately, critics began attacking the plan even before it was final.  Some of these attacks have targeted the Latino community in particular, arguing that the Clean Power Plan will disproportionately and negatively harm Latinos.  These are baseless claims and arguments that have been debunked by experts.

When the Clean Power Plan takes full effect, Latinos will be among the many Americans who will share in the benefits of a cleaner, healthier future that also affords us good jobs and energy savings. Read More »

Also posted in Air Quality, Clean Power Plan, Energy Efficiency, General, Renewable Energy| Tagged , , , , , , | Comments are closed

FirstEnergy Clings to the Energy Past

800px-Power_lines_(8618709561) flickrAll around the country, we are seeing signs of innovation when it comes to the electricity industry. The state of New York is performing a comprehensive review of related technologies and business practices, Illinois is modernizing the electric grid and empowering customers to save energy by creating transparency around smart meter data, and the wind industry in Texas continues to set new records. The U.S. grid is truly beginning to evolve from the system Thomas Edison created 100 years ago, moving toward a more flexible grid that runs on clean, renewable resources.

Yet some players – with significant revenue and power – are not on board. FirstEnergy, the Akron-based utility giant, has been clinging to the past and waging war on clean energy in Ohio, as I explain in my op-ed published today in the Akron Beacon Journal. The Beacon Journal is the hometown newspaper of FirstEnergy’s headquarters. Read More »

Also posted in Clean Energy, FirstEnergy, Renewable Energy| Read 2 Responses

Don’t Write Off Energy Efficiency. It’s Just About to have its Day.

By: Matt Golden, Senior Energy Finance Consultant

pgegreenenergy-smartmeterA few days ago, economists from the University of Chicago and the University of California, Berkeley released a study that called into question the cost-effectiveness of energy efficiency. The study was based on the team’s analysis of energy savings shortfalls in the Michigan low income Weatherization Assistance Program. Since then, a host of articles have used the study’s results to call into question the value of utility-sponsored energy efficiency programs.

While this study did raise some thought-provoking points, it also contained biased assumptions and reached conclusions that far exceed its scope, lumping together market-based efficiency with low-income weatherization programs. Read More »

Also posted in California, Clean Energy, Energy Efficiency, Illinois, Investor Confidence Project, Smart Grid| Read 14 Responses
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