A new set of leaders today enter the White House. As they consider measures to enhance roads and bridges, they also should focus on America’s electricity infrastructure. By focusing on investment, efficiency, and markets as their policy foundation, the U.S. will have a world-class electricity system that will advance our economy into the 21st century.
Electricity is a marvel, something even physicists don’t fully understand, yet it is the foundation for our entire economy. Think for a moment about how many interactions you’ve had just this morning with electric power – from your alarm clock, to your radio or television, to your hair dryer or shaver, to your computer or smart phone, and on and on.
Moreover, electricity generation and delivery constitute our nation’s largest industry in terms of capital investment. Less flattering, electric generators are the biggest source of harmful pollution.
U.S. electricity infrastructure is old and frayed. More than 70 percent of our grid – the lines and transformers that deliver electricity to our homes and businesses – is at least 25 years old. The average power plant in this country is 34 years old. Luckily, modern technologies are transforming the grid. And what’s more, new players are entering – and bringing innovation into – the once-monopolized and risk-adverse electricity industry. Unfortunately, its regulation is still stuck in the past. Let’s change that, starting at the federal level. Read More
The late California historian Kevin Starr once wrote, “California had long since become one of the prisms through which the American people, for better and for worse, could glimpse their future.” These words have never felt truer. Just ask Gov. Jerry Brown or the leaders of the state legislature, who are all issuing various calls to action to protect and further the state’s leading climate and energy policies.
California is the sixth largest economy in the world and the most populous state in the nation. What’s more, we’ve shown that strong climate and energy policy is possible while building a dynamic economy. We’ve proved that clean energy creates far more jobs than fossil fuels – nationwide, more than 400,000, compared with 50,000 coal mining jobs – while protecting the natural world for all people.
It’s no shock our leaders are fired up. There’s too much at stake. With our state’s diverse, booming yet unequal economy, we are not unlike the rest of the nation. State-level leadership is more important than ever, and other states can and should learn from California to drive action across the U.S. Read More
By 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
By Jonathan Camuzeaux, manager, Economics & Policy Analysis
Risky Business Report Finds Transitioning to a Clean Energy Economy is both Technologically and Economically Feasible
In the first Risky Business report, a bi-partisan group of experts focused on the economic impacts of climate change at the country, state and regional levels and made the case that in spite of all that we do understand about the science and dangers of climate change, the uncertainty of what we don’t know could present an even more devastating future for the planet and our economy.
The latest report from the Risky Business Project, co-chaired by Michael R. Bloomberg, Henry M. Paulson, Jr., and Thomas F. Steyer, examines how best to tackle the risks posed by climate change and transition to a clean energy economy by 2050, without relying on unprecedented spending or unimagined technology. The report focuses on one pathway that will allow us to reduce carbon emissions by 80 percent by 2050 through the following three shifts:
1. Electrify the economy, replacing the dependence on fossil fuels in the heating and cooling of buildings, vehicles and other sectors. Under the report’s scenario, this would require the share of electricity as a portion of total energy use to more than double, from 23 to 51 percent.
2. Use a mix of low- to zero-carbon fuels to generate electricity. Declining costs for renewable technologies contribute in making this both technologically and economically feasible.
3. Become more energy efficient by lowering the intensity of energy used per unit of GDP by about two thirds. Read More
The Block Island Wind Farm in Rhode Island. Photo courtesy of Deepwater Wind.
By Pam Kiely, senior director, Regulatory Strategy, and co-authored by Charlie Jiang, EDF associate
2016 was a big year for progress in the U.S. power sector. Renewable energy sources provided 16.9 percent of the country’s electricity in the first half of 2016, up from 13.7 percent for all of 2015. The country’s first offshore wind farm opened off the coast of Rhode Island. Most importantly, carbon emissions from the power sector are projected to continue to decline and hit levels not seen since 1992.
Strong leadership by forward-thinking governors, policymakers, and power company executives who recognize the imperative of lower-carbon generation and the promise of clean energy, powerful market forces intensifying the push to lower-carbon resources, and the critical federal regulatory overlay of the Clean Power Plan — which has made clear that unlimited carbon pollution is a thing of the past — have all combined to deepen a trend towards cleaner electricity production at this dynamic moment in time.
Even with any possible political maneuverings in Washington, D.C. to reverse clean energy and climate progress, it is clear that the transition to a low-carbon future is well under way. Read More