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Europe’s Love Affair with the Investor Confidence Project Gets Serious

By: Panama Bartholomy, Director of ICP Europe

Flag_of_EuropeThe European Commission is putting its weight behind an initiative designed to increase private investment in energy efficiency, the Investor Confidence Project (ICP). ICP is accelerating the development of a global energy efficiency market by standardizing how energy efficiency projects are developed and energy savings are calculated.

In late February, the European Commission released a landmark report on energy efficiency in Europe that was 18 months in the making, and it had ICP all over it. The report, Energy Efficiency – the first fuel for the EU Economy, was issued by the Energy Efficiency Financial Institutions Group (EEFIG), a group of financial and energy efficiency leaders and building owners convened by the European Commission and United Nations Environment Programme Finance Initiative.

Earlier that same month, the European Commission awarded a €1.92 million grant to the European version of the project, ICP Europe. The grant will pay for a consortium of companies to:

  • develop ICP’s project protocols for the European market;
  • work with financial institutions to embed them into their financing process; and
  • organize National Steering Groups in five countries: (Austria, Bulgaria, Germany, Portugal and the U.K.) to take the protocols to markets in those countries.

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Oil and Gas Lobby Says Up Means Down

Marcellus_Shale_Gas_Drilling_Tower_1_cropThe Environmental Protection Agency just released the draft of its yearly greenhouse gas emissions inventory. It shows in no uncertain terms that methane emissions from the oil and natural gas sector are going in the wrong direction: Up.

Emissions from this overall sector are up two percent in 2013, which includes emissions from oil (petroleum) systems which were at their highest levels ever since estimates began in 1990 – and up 68 percent since 2005. Emissions from natural gas processing, where impurities are removed to produce pipeline quality gas, are up 38 percent since 2005. From transmission and storage: Up 11 percent.

Yet the industry’s public relations machine says emissions are falling. So what’s the disconnect? Read More »

Also posted in Methane, Natural Gas| Read 1 Response

4 Reasons a National Methane Policy Will be Good for Business

rp_natgasworker-198x300.jpgAfter months of anticipation, the Obama Administration this month released its new methane emissions strategy – a plan that opens up new opportunities for industry writ large, and especially for operators that want to cut waste and get ahead.

The centerpiece of the strategy are imminent rules that will help us meet a new national goal to reduce harmful methane pollution from oil and natural gas operations by 45 percent by 2025.

But the rules also bring direct industry benefits. Here are four reasons the new methane emissions strategy is a boon, rather than bane, for America’s $1.2-trillion oil and gas sector:

1. It tackles $1.8 billion in annual waste and adds market certainty

Leaky infrastructure and unnecessary venting across the oil and gas value chain cost an estimated $1.8 billion in wasted product and lost revenue annually.

The new rules require companies to include up-to-date controls as they build out new and modified infrastructure, keeping gas in the pipeline while making new facilities more efficient. Read More »

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My Sleepover at Chicago's Merchandise Mart

By: Abdul Wadood, EDF Climate Corps Fellow and graduate student at Duke University’s Pratt School of Engineering

CPP Fellow Abdul_in front of The MartHow does one maintain a facility of 4.2 million square feet, with five acres of roofs, that is two city blocks long and has 375 tenants? And, how does a building built in 1930 (also the largest building in the world at that time) compete with current technological innovations and new energy conservation trends? The answer lies in having accurate data, which can be a challenge considering the sheer size and age of this particular building.

The building I am referring to is the Merchandise Mart. Also called ‘The Mart,’ this building centralizes Chicago’s wholesale goods businesses by consolidating home, office, casual furnishings and a large variety of luxury home kitchen & bath showrooms under one roof. At the same time, the building now forms part of Chicago’s growing tech triangle community near the famous city loop as 1871, Motorola Mobility, Braintree, All Scripts, CCC and Yelp are in the building.

Every EDF Climate Corps fellow can fathom the potential of implementing energy efficiency measures – especially since it is a current industry trend. However, this does not come without challenges. As a student at Duke, I thought putting in long study hours, deskbound in a library only to be chauffeured home by campus safety was difficult.

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Also posted in Clean Energy, Energy Efficiency, Illinois, Smart Grid| Comments are closed

Good News: EPA Standards Could Lower Electricity Bills

Source: Brendan Wood

Source: Brendan Wood

Millions of Americans are watching their bills more closely as middle-class incomes continue to stagnate in the nation's uneven economic recovery.

So it's frustrating to hear opponents of climate action once again use the threat of higher electricity rates as a scare tactic to try to stop the U.S. Environmental Protection Agency's Clean Power Plan. We know it has many people concerned.

The good news is we have more evidence than ever before to prove our opponents wrong.

 

We pay the same rates for power now as in 1994

Electric rates in the United States have remained steady over the last 20 years, even as consumption of renewable energy increased 40 percent, statistics from the U.S. Energy Information Administration show. Over the same time, we reduced coal plant emissions of sulfur dioxide and nitrogen oxides by more than 75 percent.

Read More »

Also posted in California, Clean Energy, Clean Power Plan, Climate, Energy Efficiency, Renewable Energy| Read 2 Responses

What a Difference a Day Makes! The Value of Real-Time Electricity Data

Source:

Source: gato-gato-gato

Imagine you’re trying to lose weight. If you step on the scale once a month, how can you possibly know how each of your daily decisions affects the number? Weighing yourself every day would be a step up, giving you a much clearer picture of the effects of each day’s choices. Now imagine the potential results if you could access real-time data – if you were able to see just how many calories were in each food you picked up, as well how much energy you were exerting at any given moment.

Thanks to a meta-analysis on behalf of the American Council for an Energy Efficiency Economy (ACEEE), we can now see that access to this kind of granular, real-time data on electricity use leads to significant household electricity savings.

Survey highlights importance of timeliness and granularity

The ACEEE survey aggregates multiple studies designed to evaluate the effectiveness of different types of electricity customer feedback from the past 20 years, including 61 trials from around the world: 33 from the U.S., 13 from Europe, 9 from Canada, and 3 others. Such a diverse pool allows us to draw important conclusions about consumer energy use habits while controlling for variations in culture, climate, and energy use patterns. The results are displayed in the graph below. Read More »

Also posted in Clean Energy, Clean Power Plan, Climate, Electricity Pricing, Energy Efficiency, Smart Grid, Utility Business Models| Comments are closed
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