Climate 411

Beyond R&D: Climate innovation policy can help the U.S. meet the moment

By Natasha Vidangos / Published: September 27, 2021

Together with Third Way, EDF co-hosted a Climate Week 2021 event on how U.S. climate innovation policy can accelerate a cleaner, stronger and more equitable economy. Here are four big takeaways.

(Caption: Speakers included Mandela Barnes, Lieutenant Governor, Wisconsin; Chris Deschene, Board Member, National InterTribal Energy Council; Jason Walsh, Executive Director, BlueGreen Alliance; Jetta Wong, Senior Fellow, Information Technology and Innovation Foundation, and President, JLW Advising. The event was moderated by Natasha Vidangos, Senior Director, Climate Innovation and Technology at EDF, and Josh Freed, Senior Vice President, Climate and Energy Program at Third Way.)

Climate innovation is a powerful tool that can create high-quality jobs, improve the quality of life for all communities and catalyze the breakthroughs needed to reach net-zero emissions by no later than 2050. To take advantage of the full opportunity, however, we need strong policies and approaches now that can deliver on all of these challenges, as a recent Climate Week event hosted by Environmental Defense Fund and Third Way made clear.

Innovation in climate technologies includes many stages of development, from research and development through to demonstration and deployment. The U.S. is poised to make major investments in this area to combat climate change: President Biden has pledged to deliver the largest-ever federal investment in clean energy innovation, and the infrastructure and reconciliation packages currently under negotiation in Congress contain large amounts of funding, including specific investments in demonstration and deployment of key technologies. But these investments can feel abstract. What would a strong push for climate innovation mean for U.S. workers and communities, and how can we design these policies to deliver the maximum benefits for all?

Here are four major takeaways from the event, which brought together perspectives from government, labor and advocacy.

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Also posted in Jobs, News / Comments are closed

Four Reasons Petitions for Supreme Court Review of Climate Pollution Standards for Power Plants Should Fail

By Ashley Maiolatesi / Published: September 24, 2021

This coming Monday, the Supreme Court will consider hundreds of petitions for review, which ask the Court to take up cases for full consideration during its new term. Among the petitions for review are four from coal companies and states asking the Court to review the D.C. Circuit decision overturning the Trump administration’s rule weakening regulations of carbon pollution from power plants. For multiple reasons the four petitions lack merit.

The Clean Power Plan, adopted in 2015, established the first-ever national limits on climate pollution from existing power plants. In 2019, the Trump administration adopted regulations to repeal the Clean Power Plan and replace it with the “ACE” rule – which did virtually nothing to limit pollution.

This January the D.C. Circuit struck down this attempt, issuing a narrow opinion that explained how ACE misinterpreted specific language in section 111 of the Clean Air Act.

In the months since the D.C. Circuit’s decision, neither the Clean Power Plan nor the Trump administration’s weak replacement rule has been in effect, meaning that no power plants or operators have experienced harm under either rule. Additionally, EPA has been working from a clean slate on new safeguards that will reflect current information about our rapidly changing power sector. Despite this, and the fact that no one is subject to any compliance obligations under the Clean Power Plan or ACE, coal companies and 21 states are asking the Supreme Court to reverse the D.C. Circuit opinion and issue a statutory interpretation that limits EPA’s ability under the Clean Air Act to protect the public from climate pollution.

Effectively, they are asking the Court for an “advisory” opinion — a free-floating legal opinion untethered to any current dispute but intended to constrain future behavior. EDF is part of a coalition of environmental organizations that – along with almost two dozen states and cities, power companies and business associations – opposes this challenge.

Rather than take up this case in order to consider legal theories in the abstract, the appropriate course would be for the Court to allow EPA to complete its new rulemaking, which will be subject to judicial review once finalized. At that time, reviewing courts will be able to assess EPA’s actual application of its Clean Air Act authority in the context of real compliance obligations and a factual record that reflects current realities.

Here are four key reasons that the petitioners’ pleas for Supreme Court review should fail:

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Also posted in Clean Air Act, Clean Power Plan, EPA litgation, Greenhouse Gas Emissions, News, Partners for Change, Policy / Comments are closed

What We’re Watching in Reconciliation

By Danielle Arostegui / Published: September 8, 2021

Photo Credit: Wally Gobetz

Through the process known as budget reconciliation, Congress is now considering significant investments in climate action that could supercharge economic and job growth. With so many moving pieces, it can be difficult to know what to watch for, which is why we’ve homed in on four key questions to ask as the process unfolds.

EDF staff will also be weighing in on key developments as they happen, and you can read those comments in a new, regularly updated blog post you can read here. Read More »

Also posted in Cars and Pollution, Green Jobs, Greenhouse Gas Emissions, Health, Jobs / Comments are closed

A revamped cost curve showcases the biggest carbon-cutting opportunities

By Morgan Rote / Published: August 31, 2021

President Biden has raised the bar for U.S. climate ambition, setting targets to cut economy-wide emissions 50-52% by 2030 and achieve net-zero by 2050. As the administration, federal lawmakers and state and local leaders work to make these goals a reality with strong climate policies and investments — including in climate-focused infrastructure and reconciliation packages being negotiated in Congress — they are faced with many questions. What are the cheapest ways to cut carbon right now? How will a particular policy affect emissions? How much should we be investing in new clean technologies that are not widely available yet?

A new and improved ‘cost curve’ tool developed by EDF and Evolved Energy Research shows that the electricity and transportation sectors offer the most impactful carbon-cutting opportunities at the lowest cost right now — with potential to get us nearly halfway to net-zero emissions from energy and industry by 2050. This tool, which offers a new take on what is known as a Marginal Abatement Cost (MAC) curve, gives policymakers an economic roadmap to net-zero emissions and beyond by revealing greater insights into the costs, impact and optimal sequencing of different carbon-cutting actions.

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Also posted in Economics, Greenhouse Gas Emissions / Comments are closed

What the SEC can do to protect investors, companies, and people from another Texas power crisis

By Gabriel Malek / Published: June 18, 2021

This post was co-authored by David G. Victor of the Brookings Institution and EDF’s Stephanie H. Jones and Michael Panfil. It is also posted here. 

 The Securities and Exchange Commission (SEC) is considering making important changes in disclosure requirements to reflect the growing recognition that climate change poses significant risks to the U.S. financial system. This week, hundreds of investors, companies, and concerned Americans, including EDF, responded to the SEC’s request for public input on climate change disclosure.

The Brookings Institution’s recent analysis on the intersection of climate change and financial markets has shown that a significant blind spot for financial institutions is how the physical impacts of a warming world affects assets. But, outside of insurance, relatively little has been said about financial vulnerabilities stemming from extreme weather.

The massive storm that hit Texas in February — known as Winter Storm Uri — highlights the dangers of ignoring the physical risks of climate change. Frigid temperatures and ensuing blackouts led to the deaths of more than 150 people and caused billions of dollars in damages. The blackouts also disrupted dozens of public companies, hundreds of small businesses, and millions of lives, raising a slew of questions for public officials.

EDF and Brookings have now released a new report, What Investors and the SEC Can Learn from the Texas Power Crises, in which we focus on one of those questions: what did the financial markets know about the odds and impacts of a storm like this before it happened?  Our report looks at SEC regulatory disclosures made by publicly-traded electric utilities and suppliers in Texas, and offers a clear answer: not much. Read More »

Also posted in Cities and states, Economics, News, Partners for Change, Policy / Comments are closed

Offshore wind benefits are within North Carolina’s reach if we act with urgency

By Guest Author / Published: April 16, 2021

This post was authored by Michelle Allen, Project Manager for the North Carolina Political Affairs team.

Offshore wind is taking off in the U.S., and the opportunity to be a key player is within North Carolina’s reach. A recent report commissioned by the NC Department of Commerce demonstrates North Carolina’s unique position to serve the industry’s needs and reap the economic benefits that new manufacturing and other necessary infrastructure will bring. Properly sited offshore wind is easy to get behind. It is reliable, pollution-free power from an established technology that’s already transformed energy economies in Europe and across the globe. The environmental benefits are significant, too. As a lifelong North Carolinian, I’ve seen first hand the impacts of climate change already taking its toll from the mountains to the coast. To make sure we’re doing our part to combat climate change, North Carolina leaders need to swiftly replace polluting power sources with clean energy. With strong winds blowing day and night off the North Carolina coast, adding offshore wind to the state’s generation mix would boost the resilience of our power system, create jobs and help make real progress toward North Carolina’s climate goals.

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Also posted in Cities and states, Jobs / Read 1 Response