Energy Exchange

Demand Soars for Green Bonds

By EDF Blogs / Published: December 3, 2014

By: Namrita Kapur, Managing Director of the Corporate Partnership Program

As noted in my last post on green bonds, there has been a recent dramatic growth in green bond issuance. Supply is responding to burgeoning demand. Quite simply, investors are snapping up these debt instruments that are linked to an environmental benefit. Three recent transactions highlight this seemingly insatiable appetite:

Massachusetts’ sale of $350 million in green bonds in September attracted more than $1 billion in demand from retail investors and institutions. This — the state’s second green bond issuance — will fund clean water, energy efficiency, open space protection, and river preservation projects.
The order book for the Nordic Investment Bank’s $500 million green bond issue quickly climbed to $800 million, with more than a third of investors being new to NIB. This bond will funnel proceeds to climate-friendly projects in Nordic countries, such as renewables, energy efficiency, green transportation, and wastewater treatment.
In September, the World Bank tripled the size of its planned structured green bond to $30 million in response to investor demand, raising more than expected for climate projects, such as energy and forestry initiatives. Since its first green issuance in 2008, the World Bank reports raising more than $7 billion from 77 bonds in 17 currencies.

Clean Energy Conferences Roundup: December 2014

By EDF Blogs / Published: December 1, 2014

Each month, the Energy Exchange rounds up a list of top clean energy conferences around the country. Our list includes conferences at which experts from the EDF Clean Energy Program will be speaking, plus additional events that we think our readers may benefit from marking on their calendars.

Top clean energy conferences featuring EDF experts in December:

Dec 3: Abundance or Scarcity? Re-examining U.S. Oil and Gas Policy, Washington, D.C.
Speaker: Elgie Holstein, Senior Director for Strategic Planning

Recent growth in domestic oil and gas production is transforming the U.S. energy sector and challenging the paradigm of energy scarcity that has underpinned federal policy for the last 40 years. Join us to hear leading energy experts discuss this topic and examine policy issues related to exports, infrastructure, natural gas as a transportation fuel, and the climate.

Posted in Clean Energy, Conference Roundup / Comments are closed

Investor Confidence Project San Francisco Event Fires Up Energy Efficiency Professionals

By EDF Blogs / Published: November 21, 2014

By: Matt Golden, Senior Energy Finance Consultant

Last week, EDF’s Investor Confidence Project (ICP) co-hosted an energy efficiency finance networking event in San Francisco, bringing together 70 local project developers, for the first-ever SF Inter-Connect. Held in collaboration with San Francisco Department of the Environment (SF Environment) and Pacific Gas & Electric (PG&E) on November 12 at the SF Environment offices, the event gave each investor, much like in ‘speed dating’, exactly five minutes to pitch the crowd on their products, describing how they worked and what kind of projects the investor was looking for.

The Investor Confidence Project is accelerating the development of a global energy efficiency market by standardizing how Investor Ready Energy Efficiency™ projects are developed and energy savings estimates are calculated. The ICP system offers a series of protocols that define industry best practices for energy efficiency project development and a credentialing system that provides third-party validation. This leads to increased confidence among building owners and investors in the reliability of projected savings. Read More »

Posted in Clean Energy, Energy Efficiency, Investor Confidence Project / Read 1 Response

Two Years After Sandy, the Conversation Around Energy Resiliency Still Going Strong

By EDF Blogs / Published: November 17, 2014

By: Audrey Hornick-Becker

From left to right: Bruce Schlein, Director, Alternative Energy Finance, Citi; Vic Rojas, EDF senior manager, financial policy; Bryan Garcia, President, Connecticut Green Bank; Alfred Griffin, President, NY Green Bank. Source: Maria Jiang.

Last week, EDF co-hosted a successful first-of-its-kind Resilience Finance Symposium in New Jersey, attended by about 120 participants from a wide spectrum of public and private entities in the state, region, and country.

Held on November 12 with Governor Christie’s Administration and the New Jersey Institute of Technology’s College of Architecture + Design, the all-day Resilience Finance Symposium: Building Resilient and Sustainable Energy Solutions for New Jersey’s Key Infrastructure featured a series of panels on solutions that help keep the lights and heat on during critical times, like microgrids and energy storage, as well as innovative ways of financing resilient energy systems.

A main topic of discussion was the impressive progress New Jersey has made toward making the state’s energy infrastructure more resilient in the two years since Superstorm Sandy caused a massive weeks-long power outage. Panelists pointed to Sandy success stories – those instances when power stayed on even when the grid went down – and discussed the need to make these kinds of successes the norm rather than the exception. Read More »

Posted in Clean Energy, Energy Efficiency, Energy Financing, Grid Modernization, Investor Confidence Project, New Jersey, Renewable Energy / Comments are closed

Clean, Distributed Energy Can Benefit Low-Income Families

By EDF Blogs / Published: November 17, 2014

By: Jorge Madrid, EDF Coordinator, Partnerships and Alliances, and Marilynn Marsh-Robinson, EDF Project Manager

Jorge-Madrid4 (1) #mmrobinsonmug

We’ve spent nearly 15 years collectively working on clean energy solutions for both rural and urban communities, often with under-resourced and underrepresented people at the front of our minds. One question, among many, that is consistently on the minds of elected officials and advocates alike is: How will clean energy policies affect low-income families and communities of color? This is a critical question to answer because low-income families, including a disproportionately large percentage of African Americans and Latinos, spend a greater portion of their income on utility bills. This means spikes in electricity costs can interrupt monthly finances, and even slight increases can take away from other basic needs like housing, education, and food.

Unfortunately, the concern about cost impacts on low-income families and communities of color is also frequently used as an argument against transitioning to a clean energy economy. Sometimes these arguments come from elected officials and advocates with genuine concerns, while other times, they come from industry groups who are trying to protect their own interests by pitting these communities against clean energy. In both cases, incomplete or outright misinformation muddies the water and impedes effective policy dialogue. Read More »

Posted in Air Quality, Clean Energy, Electricity Pricing, Energy Efficiency, Grid Modernization, Renewable Energy, Utility Business Models / Read 4 Responses

US-China Climate Pact a “Game Changer” for Clean Energy

By EDF Blogs / Published: November 13, 2014

By: Karin Rives, EDF Voices editor

For the first time, the world’s two largest greenhouse gas emitters have pledged to reduce carbon pollution. This is a game changer, writes Fred Krupp, president of Environmental Defense Fund, in a Wall Street Journal op-ed piece.

The agreement between the United States and China will be a giant boost for clean-energy markets.

Having the world’s two largest economies competing to accelerate the adoption of no-carbon and low-carbon technologies will send one of the most powerful market signals we have ever seen, Fred writes.

China, spurred by its smog-burdened cities and the growing costs from the impact of climate change, will be increasing its already substantial investments in solar and wind, working with the U.S. on new approaches to cleaner energy and reducing the country’s reliance on fossil fuels. Read More »

Posted in Clean Energy, Climate, Renewable Energy / Tagged China, President Obama | Comments are closed