Energy Exchange

Report: California’s clean truck rule will save the economy billions, eliminate vast amounts of pollution

Chris Busch, Ph.D. with Energy Innovation co-authored this piece

Next week, California plans to do something that’s never been done before. The state will finalize the world’s first electric vehicle manufacturing standard, which promises to add thousands more clean trucks and buses to California streets.

The rule requires makers of medium- and heavy-duty trucks to build more electric options, and says a certain percent of heavy duty trucks on the market must be zero emission vehicles. The rule will make it so that, by 2035, about 60% of all trucks and buses sold in California will be clean.

The move is certainly good news for California’s air, which is the smoggiest in the country. But it’s also good news for the economy. A new report from Environmental Defense Fund and Energy Innovation finds the proposed rule saves at least $7 billion over the next 20 years.

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Posted in Air Quality, California, Climate, Electric Vehicles / Comments are closed

New York’s EV plan is missing a very important piece: trucks and buses

New York is home to the most famous electrified transportation system in the United States. It’s true. During normal times, the New York City subway carries over 5.5 million riders on a typical workday, for a total of over 1.7 billion rides annually.

Our electric subway system clearly deserves credit for the fact that the average carbon footprint of a New York City resident is 6.1 metric tons – less than a third of the national average. Electric transportation is a climate win, and if you count the subway, the city is off to a great start.

However, New York still has a long way to go when it comes to electrifying the rest of the state’s transportation sector. Despite all those avoided car trips in the New York City metro area, transportation still accounts for 37% of the state’s total greenhouse gas footprint — a higher share of total emissions than for the U.S. as a whole (where transportation accounts for 28% of total emissions).

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Posted in Air Quality, Clean Energy, Electric Vehicles, New York / Comments are closed

The energy job market is in trouble. Here’s how we fix it.

The coronavirus is inflicting a heavy toll on America: Over 100,000 dead, almost two million infected, and more than 40 million unemployed. Beating the virus is the top priority. But we also need to put people back to work as fast as safety allows. How we go about that now will determine our nation’s economic future for decades.

To achieve lasting prosperity, we need to rebuild better by investing in jobs that restart the economy, improve the environment and move us to a cleaner future.

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Posted in Air Quality, Clean Energy, Climate, Energy Efficiency, Methane, Methane regulatons, Natural Gas, Renewable Energy / Comments are closed

CalSTRS investor: Access to capital will tighten for oil and gas companies sidestepping climate

We’re back with the last in a two-part series on prospects for ESG and climate investing between EDF’s Ben Ratner and Brian Rice, a portfolio manager at California State Teachers’ Retirement Systems, the world’s largest educator-only pension fund with roughly $243 billion under management.

After exploring the importance of climate policy and net-zero corporate planning in the first Q&A, the discussion turns to oil and gas. The experts examine this historic moment for the industry, and how escalating climate pressures will profoundly affect energy markets and the companies that power them.

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Posted in California, Clean Energy, Climate, Natural Gas / Comments are closed

Clean energy bill is key to reinvigorating Illinois’ post-COVID economy

When the Illinois General Assembly met last week, lawmakers addressed the COVID-19 crisis among other priorities. This is, above all, a public health crisis and a human tragedy. More than 100,000 people in the state have been infected with this virus, and heartbreakingly more than 4,000 Illinoisans have lost their lives to it. We salute all of those working to combat this insidious virus.

Of course, the crisis also extends to our economy. Unemployment numbers rival those of the Great Depression. Businesses are fighting to stay afloat. Households face tough choices to afford essentials like rent, utilities and groceries.

A plan to stimulate the economy is urgently needed. Yet, the approach we take will have lasting implications. State leaders need to act quickly — but with an eye toward the years and decades ahead.

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Posted in CEJA, Clean Energy, Electricity Pricing, Illinois / Comments are closed

To fix flaring, Railroad Commission must tackle the incentive problem

Previously published in Shale Magazine

By Colin Leyden and Scott Anderson

A remarkable thing happened at the Texas Railroad Commission these past few weeks. Throughout the contentious debate over proration, a growing chorus of voices on both sides was calling on the commissioners to address flaring — an incredibly wasteful, environmentally damaging practice that has been giving producers a black eye for years.

During the epic 10-hour proration hearing on April 14, it wasn’t just environmental and health groups banging the drum on flaring. Large and small producers (both for and against proration), mineral rights groups and investors all called for action on flaring. So while proration may be off the agenda for now, the need and desire to address flaring lives on.

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Posted in Air Quality, Climate, Methane, Methane regulatons, Natural Gas, PermianMAP, Texas / Comments are closed