Energy Exchange

Methane emissions: the weak link in California’s climate plan

By EDF Blogs / Published: July 14, 2014

By Andy Wunder, Policy Intern, US Climate and Energy Program

Nearly seven years ago, the California Air Resources Board (CARB) adopted a 5-year plan to reduce climate pollution in the state. In this 2008 Scoping Plan, measures were outlined reflecting the need to cut methane pollution from oil and gas operations. Though CARB has demonstrated commitment to addressing this urgent issue the need to take action as soon as possible is becoming increasingly clear.

Source: Wikipedia/Makaristos

The Value of Action

Addressing methane emissions is critical. Oil and natural gas production continues to expand rapidly in the United States – and with it the potential for climate-destabilizing methane emissions. Unburned natural gas is primarily methane, a powerful greenhouse gas. Data from the Intergovernmental Panel on Climate Change (IPCC) suggests over the first twenty years after it is released into the atmosphere, methane is 84 times more potent than carbon dioxide (CO2) in trapping heat at the Earth’s surface. Methane leaks across the entire natural gas supply chain–from extraction to distribution—and these leaks represent a significant threat to our climate. Read More »

Posted in Methane, Natural Gas / Comments are closed

New Rules, Energy Innovations will Build a Clean Energy Economy

By EDF Blogs / Published: July 9, 2014

Source: Nick Cross/Gurit

By: Karin Rives, EDF Editorial Manager

The United States is expected to spend some $2 trillion over the next two decades upgrading its aging power grid. That spells opportunity for a nation that has always chosen innovation over business as usual.

In a recent op-ed piece in Power Magazine, Environmental Defense Fund President Fred Krupp describes how the United States is now laying the groundwork for a clean energy economy through policies and market forces that are beginning to work in tandem to accelerate change.

The landmark Clean Power Plan that the U.S. Environmental Protection Agency proposed in June places the first-ever limits on carbon dioxide emissions from power plants, giving states the incentive to shift to cleaner energy sources and the freedom to design their own paths to compliance. Read More »

Financial Sector Focuses on Risks from Methane

By EDF Blogs / Published: July 2, 2014

By: Sean Wright, Senior Analyst, Corporate Partnerships

Source: Ash Waechter

Environmental concerns about methane emissions continue to grow as more people understand the negative climate implications of this incredibly potent greenhouse gas. Now the financial community is taking note of not only the environmental risks but the impact of methane emissions on the oil and gas industry’s bottom line. Methane leaks not only pollute the atmosphere, but every thousand cubic feet lost represents actual dollars being leaked into thin air—bad business any way you look at it.

Last week the Sustainability Accounting Standards Board (SASB)—a collaborative effort aimed at improving corporate performance on environmental, social and government issues—released their provisional accounting standards for the non-renewable resources sector, which includes oil and gas production.

These accounting standards guide companies on how to measure and disclose environmental, social, and governance (ESG) risks that impact a company’s financial performance. Their work highlights the growing demand amongst investors and stakeholders for companies to report information beyond mere financial metrics in order to provide a more holistic view of a company’s position.

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Posted in Energy Financing, Methane, Natural Gas / Tagged Finance, Methane, Natural Gas | Read 4 Responses

Clean Energy Conferences Roundup: July 2014

By EDF Blogs / Published: July 1, 2014

Source: National Retail Federation Flickr

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 July:

July 1: Alliance to Save Energy Congressional Briefing, Washington, DC
Speaker: Elgie Holstein, Senior Director for Strategic Planning

This summer the Alliance to Save Energy will be bringing Energy 2030 to Capitol Hill, hosting a series of congressional briefings focused on the three pillars of Energy 2030 – invest, modernize, and educate. The briefings will invite elected officials and their staff to speak with Alliance Associates and Energy 2030 supporters about innovative financing mechanisms (June), high-performance buildings (July) and benchmarking, rating & disclosure (August). Read More »

Posted in Clean Energy, Conference Roundup / Comments are closed

New York Energy Week Gives Clear Vision of Modern, Clean Energy Future

By EDF Blogs / Published: June 24, 2014

By: Max Wycisk, Communications Intern

The second annual New York Energy Week, held last week, brought together more than 4,000 industry leaders and innovators – double the number last year – to discuss the dynamic changes the state’s energy sector has seen in the last twelve months, including the state’s historic move to re-examine its utility business model. In a series of panel discussions held throughout New York City, state, national, and international energy leaders reviewed key topics such as energy storage, building efficiency, and the rapidly evolving utility industry itself. While the topic of discussion varied, a number of consistent themes emerged, giving attendees a clear vision of the steps industry is taking toward adopting a modern, decentralized, clean energy future.

Communication drives innovation

One of the main themes of the conference, which was organized by research firm Enerknol, was the shift in how the energy industry will interact with consumers as well as the way in which it interacts with itself. Speakers frequently described the current energy industry as ‘fragmented’ or ‘acting within silos’ and questions arose at nearly every panel about how to stimulate conversation between different energy sectors that will lead to collaboration, investment, and innovation. Read More »

Posted in Clean Energy, Demand Response, Energy Efficiency, Energy Financing, Grid Modernization, New York, Renewable Energy, Utility Business Models / Tagged Energy Storage | Read 2 Responses

EPA’s Authority to Limit Carbon Pollution from Power Plants Is Well Established and Widely Recognized

By EDF Blogs / Published: June 17, 2014

By: Megan Ceronsky, EDF attorney, and Peter Heisler, legal fellow

The bedrock legal authority underlying the U.S. Environmental Protection Agency’s (EPA) Clean Power Plan is broadly recognized — by our nation’s highest court, states, power companies, academic experts, and the EPA General Counsel serving during the President George H.W. Bush administration.

Our recent Climate 411 post chronicles the Supreme Court’s decisions affirming EPA’s authority to address carbon pollution from power plants under section 111 of the Clean Air Act.

In Massachusetts v. EPA (2007), the Court held that carbon dioxide is a pollutant under the Clean Air Act. Then, in AEP v. Connecticut (2011), the Court explicitly recognized EPA’s authority to limit emissions of carbon dioxide from power plants pursuant to section 111, and acknowledged the agency’s ongoing efforts to do so. Read More »

Posted in Air Quality, Clean Energy, Clean Power Plan, Climate / Tagged Clean Power Plan, EPA | Comments are closed