By: Qiao Feng, Clean Energy Research Intern, and Peter Sopher, Clean Energy Policy Analyst
Last week, amidst the U.N. Climate Summit and historic climate march, governments, investors, and financial institutions took the opportunity to make big announcements about their investment in clean energy. Bank of America announced a $10 billion initiative to speed up investment in clean energy, U.N. climate leaders announced a public-private partnership to mobilize more than $200 billion in clean energy financing globally, and New York proposed a $5 billion clean energy fund that could replace the city’s soon-to-expire renewable-energy and efficiency mandates.
So clean energy finance must be skyrocketing upward, right? It’s hard to know now what the 2014 numbers will bear, and we probably won’t see that kind of analysis till 2015, but looking at global investment in renewable power and fuels (excluding large hydro-electric projects) for 2013, these numbers were 14 percent lower than investments in 2012, and 23 percent below the 2011 record, suggesting a downward trend.
However, as conveyed in the Bloomberg New Energy Finance (BNEF) report, Global Trends in Renewable Energy Investment 2014, if the drop in renewable investment were a cloud, it would have several silver linings: Read More
Last night, EDF, CleanTX, Pecan Street Inc., and Google hosted one of the clean energy events of the season.
We brought everyone in the Austin clean energy community – from legislators to cleantech entrepreneurs to EDF members – together to celebrate the tremendous progress our great city has made as a clean energy leader over the years, serving as an incubator and hub for some of the most exciting and innovative companies in the clean tech sector. After all, it is the collective hard work and dedication of everyone that put Austin on the map as a global leader in the clean energy economy.
We also kicked off the evening with a screening of our new video that highlights what the smart grid is doing for American energy. Set in Austin’s Mueller neighborhood, one of the world’s largest green-built communities and Pecan Street Inc.’s testbed for energy innovation, this short film tells the dynamic story of a clean energy future from within the American home. It gives people who live in a connected community a chance to express what clean energy means to them personally, from independence and innovation to health and reliability. The heroes of the film are ordinary people from the community who are part of this quiet revolution.
By: Tom Murray, Vice President, Corporate Partnerships Program
As we approach the 25-year anniversary of EDF’s work with the corporate sector, it’s an opportune time to reflect on our successes and plan for the work ahead.
Over the years we have worked with McDonalds, Walmart, FedEx, KKR and many others to integrate sustainability into their operations, strategy, and supply chain management. Together, we have kick-started market transformations in sectors including fast food, shipping, retail, private equity and commercial building energy efficiency. While we’ve made great strides, there remains a huge distance to go in order to fully protect our natural resources, clean up our dirty energy system, and turn the corner on global greenhouse gas emissions in time to avoid the worst impacts of climate change.
Looking ahead, the opportunity and need for more aggressive private sector leadership has never been greater. Moving from environmental progress today to full scale solutions tomorrow will require a new type of corporate leadership. This next step will require a willingness to align corporate sustainability operations, strategy AND policy. Read More
Also posted in Clean Energy
Every year, it seems, is predicted to be the “year for solar,” and for certain states this may ring true.
But in Texas, despite having a close relationship with the sun and its heat (2011 gave us 100 days over 100 degrees and no rain), we have yet to realize our potential for solar energy development, the highest potential of any state in the nation. Texas currently only has about 213 megawatts (MW) of solar energy installed (compared to over 237 MW in little ol’ Massachusetts). Recent developments, however, make me encouraged that the next few years will be the catalyst for finally fulfilling that potential.
A few weeks ago, the Austin City Council voted on an ambitious solar step forward, directing a “utility-scale solar target of 600 megawatts by 2017, a rooftop solar target of 200 megawatts by 2020, explicit language enabling third-party solar ownership, a floor price for the value-of-solar tariff…and a mandatory strategy to procure 200 megawatts of fast-response storage.” The resolution will require the municipal utility, Austin Energy, to obtain 60 percent of its electricity generation from renewables over the next decade, and to be completely carbon-free by 2030. Read More
Source: Caroline Culler
Take thousands of people, put them on a college campus – and watch the energy and water usage spike. That's what happens in the fall at universities across the country when students flood back to classrooms and dorms.
The nation's oldest public university system is keeping a keen eye on utility meters. The University of North Carolina (UNC) is on its way to reducing energy and water use by 30 percent by 2015.
Also noteworthy is UNC's goal for 2050, when the university's 17 campuses aim to be carbon neutral.
Slowing down UNC's progress are North Carolina statutory restrictions that make it difficult for campuses to finance and use their own renewable energy. Read More
Source: designmilk flickr
New York is re-examining the way energy is regulated, priced, and distributed in the state in order to emerge with a 21st century business model. This change will deliver on a broad range of objectives, including increased customer value and environmental benefits, among others. However, achieving greater system efficiency could lead to the most impactful outcomes for customers, the environment, and society as a whole. Not only does increasing system efficiency have the potential to significantly reduce costs, energy use, and carbon emissions, it also makes the customer an integral part of the solution to meeting our future energy needs.
Electric utilities are tasked with meeting consumer demand for electricity at all times and, until now, have done so primarily by installing additional infrastructure on the electric grid whenever needed. While this has resulted in a fairly-reliable way to meet our energy needs, it has and continues to be extremely expensive and inefficient given the evolution in how energy is used today. Read More