Selected category: Energy Financing

Cuba’s electric future: Lessons learned and pathways forward

A new report from Environmental Defense Fund (EDF) highlights lessons learned and recommendations for the future of Cuba’s electric sector. These include the benefits of Cuba’s decentralized grid, the potential benefits of fueling the grid with more clean energy, and new financing opportunities. The full report is entitled The Cuban Electric Grid, and an abridged version appears in The Electricity Journal. The report builds upon more than a decade of EDF engagement in Cuba.

Here are five key takeaways from the report. Read More »

Also posted in Clean Energy, Energy Innovation, Grid Modernization| Comments are closed

Historic buildings or energy efficiency? Texas gets both, with innovative financing.

When it comes to the history and DNA of a city, new buildings have nothing on century-old ones. Yet the reverse can be said in regard to water and energy efficiency. Older buildings reflect the culture and history of a community, but typically are highly inefficient.

Such was the case with the Butler Brothers Building in Dallas, a previously-abandoned 1910 structure that was often referred to as an eyesore. So when the real estate developer Alterra International decided to turn the building into a mixed-use complex with apartments, hotel rooms, and retail space, a lot of work was needed to improve its water and energy efficiency – work that required up-front capital investments.

Through the Texas PACE Authority’s “PACE in a Box” model, Alterra International was able to secure $23.9 million in PACE financing for upgrades that will slash carbon pollution, cutting energy use by about 40 percent and annual water use by almost 700,000 gallons.

Property Assessed Clean Energy (PACE) is a financing model that helps local governments and the private sector back energy efficiency and renewable energy upgrades for homes and businesses. Texas is the only state that includes water in its PACE programs and could serve as a model for other water-strapped states. Read More »

Also posted in Clean Energy, Texas| Comments are closed

The energy sector needs to adapt to millennials—not vice versa

By Elizabeth Villedrouin, Communications Intern, Clean Energy and Kristen Moore, Research Intern, Clean Energy

As interns at Environmental Defense Fund (EDF), we’ve been tapped as resident experts on surviving on college budgets, social media, and all things Millennial.  Research tells us Millennials are the largest living generation. So, as Clean Energy interns this summer, we’ve learned that gives us much power to change the game for the energy sector. But in unexpected ways.

As young people, we’re working at EDF because we want to promote systemic, market-based solutions and new technologies that shift our country toward clean energy and away from our fossil fuel past (did someone say solar paint?).

We have high standards for our energy future, and our priorities differ from our parents’ (for example, millennials tend to value careers [PDF] over religious life). And although we’re the thriftiest generation, 64 percent of us are actually willing to pay more on our electric bill if it’s generated by clean energy. Read More »

Also posted in Clean Energy, Energy Efficiency, Energy Equity, Energy Innovation, General, Grid Modernization| Read 5 Responses

Business owners share clean energy success stories

Smuttynose Brewery in New Hampshire uses clean energy incentives to succeed.

By Roger Stephenson, EDF’s senior adviser for New Hampshire affairs

In New Hampshire, the clean energy economy is at a crossroads. On one hand, the legislature and governor remain ambivalent at best about clean energy and its role in our state moving forward. But local businesses are confident that renewable energy and energy efficiency choices already are making a positive impact. And many are calling for clean energy policies in the state to be strengthened.

Several owners were kind enough to share their time and explain what clean energy means to them and their businesses.  Through a series of videos, Environmental Defense Fund (EDF) is now sharing those stories with lawmakers, fellow business community leaders, and the clean energy sector.

Last fall, EDF sought out businesses that were growing, competing, and thriving in the Granite State with the help of existing clean energy policies. We worked closely with The Nature Conservancy, New Hampshire’s Community Development Finance Authority, and the NH Clean Tech Council.

The search did not take long: Manufacturers; restaurants; construction companies and hotels; advanced manufacturing facilities; and Main Street mom and pops are investing in their competitive future with clean energy.

Here are two samples of these enlightening clean energy videos. Read More »

Also posted in Clean Energy, Renewable Energy, Solar Energy| Read 1 Response

Keeping America Great: Smart Rules Can Help The Economy And Nature Prosper

Barely a month after his inauguration, President Trump is proceeding with plans to dismantle protections under the Clean Air Act and Clean Water Act.  The targets include limiting pollution into streams and wetlands that flow into drinking water for a hundred million Americans, automobile fuel economy standards that cut tailpipe pollution, and performance standards under the Clean Power Plan that would boost renewable power and fight climate change.  Trump and his EPA Administrator, Scott Pruitt, have drawn up reckless plans to slash EPA’s budget—greeted with derision even by some Republicans in Congress.  With the tragic story of Flint still fresh in people’s minds, the President is betraying the demands of his own supporters — fully 64% of Trump voters want to maintain or increase spending on environmental protection.

These actions are a tragic wrong turn for the country — and not just because they threaten to roll back decades of progress on air and water pollution, and the recent steps forward on climate change.

What I especially worry about are the lost opportunities for economic growth, new jobs, and the competitiveness of American companies — at a time when China and others are stepping up.

Read More »

Also posted in California, Clean Energy, Energy Innovation, Grid Modernization, Illinois, Renewable Energy| Tagged | Comments are closed

Business Won’t Back Down on Clean Energy Future

Solar jobs in the U.S. on the riseBy Tom Murray, vice president, Corporate Partnerships Program

More than 530 companies and 100 investors signed the Low Carbon USA letter to President-elect Trump and other U.S. and global leaders to support policies to curb climate change, invest in the low carbon economy, and continue U.S. participation in the Paris Agreement.  It’s a powerful message from business leaders connecting the dots between prosperity and a low-carbon economy and confirming their commitment to continue to lead the way.

The private sector call for continued leadership on climate cannot be ignored. 

“All parts of society have a role to play in tackling climate change, but policy and business leadership is crucial,” said Lars Petersson, president of IKEA U.S. “The Paris Agreement was a bold step towards a cleaner, brighter future, and must be protected. IKEA will continue to work together with other businesses and policymakers to build a low-carbon economy, because we know that together, we can build a better future.” Read More »

Also posted in Clean Energy| Comments are closed
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