Selected category: Energy Financing

3 Ideas That Could Shape Our World After The Paris Climate Negotiations

The Paris climate negotiations can set the stage for a global shift on climate change – when our world’s emissions finally stop rising, level off, and begin to fall.

There is reason to be optimistic: from China to the United States, from Europe to South Asia, countries are coming together with commitments to cut climate pollution. And so are cities, companies, investors, entrepreneurs – and even moms. That’s real momentum that could open a new era for how we make and use energy.

The real action starts after we all go home from Paris with the biggest question coming out of COP-21: Now what? I want to share three specific ideas for the future – ideas that could accelerate access to clean energy.

First, the biggest barriers today lie in how to deploy the technology we have or will soon have.  Solar panels, “smart” buildings, electric cars – the cost of these technologies is on its way down. Yet we still face problems of scale, because barriers in policy and finance limit the ability of clean technologies to deploy in ways accessible to everyone. Read More »

Also posted in Climate, Investor Confidence Project, Utility Business Models| Tagged | Leave a comment

New Investor Network Aims to “Close the Gap” on Energy Efficiency Financing

1294_Skyscrapers from Below 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 »

Also posted in Energy Efficiency, General, Investor Confidence Project| Comments are closed

5 Energy Trends Driving Climate Progress in 2015

BenWhat a difference a year can make. Even before the last weeks tick away, 2015 stands out as a remarkable and dynamic year for climate and energy in the United States.

Read on for five bold trends that are beginning to reshape our economy – and our national discourse on climate change.

1. Investments in renewables soar

I admit it: For years, I thought renewable energy was more hype than reality. I’m happy to report that recent data proves me wrong.

In just five years, solar panel prices have fallen 80 percent, and solar capacity installed worldwide grew more than six-fold. The overall cost of solar per kilowatt-hour, meanwhile, plummeted 50 percent.

For the first time in history, energy from the sun is as cheap as traditional energy in states such as Arizona, California and Texas.

The proof is in the pudding. Apple, for example, recently signed an $848-million power agreement with a solar provider – bypassing the electric grid. A deal of this magnitude shows where solar is today, and where it is headed. Read More »

Also posted in Clean Energy, Clean Power Plan, Energy Storage, General| Comments are closed

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 »

Also posted in Air Quality, Clean Energy, Climate, Energy Efficiency, General| Tagged , , , | Comments are closed

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 »

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