Monthly Archives: January 2017

Ohio Has Another Subsidy-Seeking Utility on its Hands

By John Finnigan / Published: January 12, 2017

power lines unsplash Another year, and another Ohio utility is sidling up to the trough for a bailout.

Dayton Power & Light (DP&L) is asking for $1 billion over seven years, and the Public Utilities Commission of Ohio (PUCO) will soon hold a hearing on the application. And like its fellow Ohio subsidy-seeker, FirstEnergy, DP&L is veiling its billion-dollar request with talk of making the grid smarter and more modern.

No doubt grid modernization is a worthy investment. The only problem is, DP&L will not commit to spending any of the requested funding on grid modernization, but only offers that it may do so. Since DP&L won’t commit to modernizing the grid, it’s more likely the utility wants to spend the funds for other purposes, such as shoring up its balance sheet, paying off old debt, and operating its old power plants.

Although Environmental Defense Fund (EDF) supports grid modernization, we do not support DP&L’s proposal because the utility could divert the funding for these other purposes, which would be harmful for customers and the environment. Read More »

Posted in Utility Business Models / Comments are closed

Business Won’t Back Down on Clean Energy Future

By EDF Blogs / Published: January 11, 2017

Solar jobs in the U.S. on the rise 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 »

The US Could Lead the Next Tech Revolution by Investing in Clean Energy

By EDF Blogs / Published: January 11, 2017

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 »

Posted in Clean Energy, Energy Financing / Comments are closed

States, Power Companies Lead in Cutting Carbon; Election Not Slowing Expected 2017 Progress

By EDF Blogs / Published: January 10, 2017

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 »

Posted in Clean Energy / Read 1 Response

If Israel Can Find Common Ground around the Environment, Why Can’t Texas?

By Kate Zerrenner / Published: January 10, 2017

A solar array at the Arava Institute.

Deep in the Israeli desert is an academic institute that is building peace in the region by putting nature at its center. The Arava Institute, in partnership with Ben Gurion University, brings students from Israel, Palestine, Jordan, and around the world to find common ground around environmental problems and build trust – and peace – from there.

On a recent trip to Israel, including to the Arava Institute, I was told many times by many people, “Everything is political here.” Water and energy are no exception. In a region where water can be scarce and oil has long reigned as king, the politics of environmental issues are even more extreme than what people in many parts of the world can wrap their heads around.

Of course, environmental issues in Texas – and across the country – can be highly divisive. But polls consistently show Americans want to protect and defend the health of our children and the well-being of our communities. And clean energy can play a critical role: Our nation’s power sector accounts for nearly 40% of U.S carbon emissions – causing health problems such as asthma attacks, heart attacks, and a staggering number of premature deaths every year.

Today, Texas opens its 85^th Legislative Session. Wouldn’t it be refreshing if, instead of fighting over taking action on climate change, leaders sat down with a common starting point: to ensure clean, available water and clean air through renewable energy, while maintaining a robust economy? Perhaps we can learn from the Arava Institute and start with our commonalities, like the desire for clean air and clean water, to build cooperation and achieve clean energy progress. Read More »

Posted in Clean Energy, General / Comments are closed

America Needs Critical Energy Data in a “Post-Fact” World: 2 Quick Examples

By EDF Blogs / Published: January 9, 2017

By Jeremy Proville, senior manager, GIS & Economics

We learned last month that scientists are rushing to save critical climate data on government websites before the Trump administration takes over. They fear that such data may be deleted and forever lost, and it’s not hard to see why.

The incoming administration has announced plans to roll back existing climate change initiatives and there have been proposals to cut research programs that support a broad range of scientific expertise, such as weather prediction critical to farmers and to states vulnerable to major disasters.

In addition to science-based climate data, however, there is concern that other critical information and analyses under the purview of agencies such as the U.S. Department of Energy may be imperiled early next year. Unbeknownst to many – including, perhaps, to the president-elect and his circle of insiders – all these datasets benefit a broad range of sectors that rely on solid economic forecasting.

Here are just two datasets that are absolutely central to the work economists and analysts do to help industry and other decision-makers interpret energy opportunities and challenges in a rapidly changing world. Read More »

Posted in Clean Energy, Utility Business Models / Comments are closed