Last week’s papal encyclical on climate change galvanized those of us who already see responsible stewardship for the earth as both a moral mandate and business imperative. In the 184-page document, Pope Francis calls for a sweeping overhaul of political, economic, and individual practices to halt the degradation of the environment and protect our planet for the long term.
The pope's sweeping vision is sure to prompt churches, people of faith, and a whole range of organizations to rethink their actions with regard to use of energy, water, and other natural resources. But already, religious organizations have been working quietly and steadily to effectively manage their environmental impact, in keeping with the established theological tradition of moral economic development and use of resources.
Take Gene Murphy of Prescott, Arizona, as a prime example of someone sitting at the intersection of religion, sustainability, and business. As the business manager for the Sacred Heart Parish in the Diocese of Phoenix, Gene has developed scalable solutions for his church and school that could and should be replicated across all churches, schools and relevant organizations. Read More
By: Nancy E. Pfund, Managing Partner of DBL Investors, and Anand Chhabra, former Summer Associate at DBL Investors and current JD/MBA Candidate at Stanford University
Does more renewable energy mean more expensive electricity? In the nation’s debate on energy, few questions are more important to American families and businesses.
Many critics of renewables allege skyrocketing electricity prices and economic crisis, owing to growing reliance on renewables. This commentary has emphasized “exploding electricity prices,” an “attack on any state’s economy,” and “gouging job creators and American families with higher electricity bills.”
In our report, Renewables Are Driving Up Electricity Prices – Wait What?, we address this concern directly by assessing average retail electricity prices in the U.S., with a particular focus on whether states rely a lot or a little on renewables. What we discovered is that many of the fears espoused by critics of renewable energy are overblown. Read More
This post has been updated since its original publication on June 11th, 2015.
Here at Environmental Defense Fund (EDF), we love win-win solutions. This is why we’re big fans of time-of-use (TOU) electricity pricing (a type of time variant electricity pricing). As I’ve written before, TOU pricing better reflects the true cost of electricity, which fluctuates throughout the day. What’s more, it brings with it significant benefits for the environment, electric reliability, and people’s wallets. By empowering customers to better control their energy bills and reduce our reliance on fossil fuels, everyone wins with TOU pricing.
Thankfully, the California Public Utilities Commission (CPUC) included TOU pricing as one of the key elements in their plan to reform residential electricity rates. But how and what Californians pay for electricity – the best way to structure rates – is currently up for debate at the CPUC.
The CPUC issued its proposed decision on restructuring California’s residential rates and moving customers to TOU rates in the new structure, which EDF strongly supports as an evolutionary leap forward. Subsequently, Commissioner Mike Florio issued an alternate proposed decision that nudges the current tiered rate system forward with a time-variation “adder.” Unfortunately, Florio’s alternate proposal amounts to more of a tune-up than the substantial overhaul required to prepare for a future grid that runs on carbon-free renewables, like wind and solar, and also powers our cars, trucks, trains, and boats.
‘Disruptive’ is a favorite word among entrepreneurs and innovators, but start-up companies like Airbnb and Uber truly have disrupted long-standing industries over the past few years. Beyond their youth and success, what further links these two companies as well as many others (such as Teespring, Postmates, Patreon, and Verbling), is the way they empower people.
Exemplified by Airbnb and Uber, among others, is a new kind of business model that is revolutionizing many sectors, including how we get our electricity. Just like hotel and taxi industries, these disruptive, decentralized trends are taking hold in energy – affording people more choice, enabling existing resources and technology, and empowering people to veer from the traditional provider of services. Moreover, they even allow some people to make money in ways that didn’t exist until recently. Read More
By: Katie Hsia-Kiung
It may be hard to believe that just 15 years ago the term “clean tech” was largely unheard of. Today, the term has gained widespread usage, and is often applied to a diverse array of businesses, practices, and tools. Clean tech not only includes renewable energy technologies like wind and solar, but also electric motors, green chemistry, sustainable water management, and waste disposal technologies, to name just a few.
One research institution that has followed this sector through its short, but burgeoning history, is Clean Edge, a firm devoted exclusively to the study of the clean tech sector. Last week, the firm released their annual U.S. Clean Tech Leadership Index, which ranks each state based on several indicators across three categories: technology, policy, and capital. For the sixth year in a row, California came out on top as the leading state for clean technology. In fact, over the past year, California has widened its lead over the rest of the pack, with a score that is 15 percentage points higher than Massachusetts, the state in second place. According to the report, “with 55,000 people employed in its booming solar industry alone, a carbon market in place with its AB 32 trading scheme, and a 50 percent renewables goal by 2030 set by Governor Jerry Brown, California sets the pace for what a clean-energy economy looks like.” Read More
At the start of the 2015 Illinois legislative session, a diverse coalition came together to introduce and support the Illinois Clean Jobs bill – legislation which would strengthen Illinois’ energy efficiency policies, as well as update and extend the state’s Renewable Portfolio Standard (RPS). The bill would also create a market-based strategy to meet new federal carbon regulations to limit carbon emissions from existing power plants, otherwise known as the Clean Power Plan (CPP).
So now that the regular legislative session has ended, where does the Clean Jobs bill stand?
A victory for the little guy
Initially, the Clean Jobs bill was far from the energy legislation spotlight. Two deep-pocketed companies also introduced bills. Exelon proposed a bailout for three of its uneconomic nuclear reactors. And Commonwealth Edison (ComEd) wanted to restructure its rates to ensure a profit because efficiency and clean energy had reduced the demand for power.
Most political observers felt Exelon and ComEd – which employ teams of lobbyists and enjoy substantial political clout – would quickly obtain what they asked for. Yet neither went anywhere, and it was actually the Clean Jobs legislation that obtained more co-sponsors than the Exelon and ComEd bills – combined. Read More