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Illinois Legislators Pledge Support for EPA’s Proposed Carbon Regulations

By Dick Munson / Published: December 10, 2014

While the Environmental Protection Agency (EPA) sorts through the more than 1.6 million comments received on its proposed Clean Power Plan (CPP), one group is stepping out to pledge its support of the landmark proposal. 53 Illinois legislators recently signed a letter urging the EPA to finalize the plan, which will set limits on carbon pollution from existing power plants for the first time ever.

Power plants currently account for nearly 40 percent of the nation’s carbon pollution and Illinois’s proposed target would result in a 33 percent reduction in the state’s carbon output by 2030. Fortunately, due to impressive state efforts to invest in clean energy over the past few years, Illinois is well-positioned to meet the challenge.

CPP is an economic opportunity

The Illinois legislators argue the CPP will help the state “achieve even greater cuts in our emissions, health benefits for all our citizens, and will spur further growth in our state’s economy.” The CPP will further the state’s transition to a clean energy economy by attracting investment in innovation, creating more jobs, and keeping electricity prices affordable. Read More »

Also posted in Air Quality, Clean Energy, Climate, Energy Efficiency, Illinois / Comments are closed

Can Birds and Wind Energy Co-exist?

By EDF Blogs / Published: December 5, 2014

By: Stacy Small-Lorenz, Conservation Scientist, and Jim Marston, Vice President, US Climate and Energy

Climate change will have major impacts on birds and their habitats, according to a recent report from the National Audubon Society. Scientists project climate change will drastically alter and shrink habitats in the U.S. for many bird species. These findings add to mounting evidence that natural systems are at serious risk for climate change impacts, which we must act swiftly to mitigate.

One solution is to adopt more clean, renewable energy. Utilities have been investing in large-scale wind energy farms at an impressive rate, resulting in 127 million tons of avoided carbon dioxide a year in the U.S. – the equivalent of taking 20 million cars off the road.

But a tricky challenge persists in the effort to make our energy system more sustainable overall: large, utility-scale wind energy developments have been known to kill bats and birds and risk fragmenting sensitive habitats. And while wind turbines kill far fewer songbirds than building collisions or cats, raptors and bats are still at risk for turbine collisions. Read More »

Also posted in Clean Energy, Climate, Energy Efficiency / Read 2 Responses

So, how do we Make Sustainability… Sustainable?

By Michael Panfil / Published: December 1, 2014

Last week the New York Times reported that, for the first time in history, clean energy resources like solar and wind are becoming cost competitive with conventional coal in some markets. This paradigm shift, where clean energy is beginning to compete head-to-head with traditional energy sources, calls for a change in perspective.

This ‘change in perspective’ is a movement toward what I would describe as “sustainable sustainability” – in which “sustainable” means the ability to stand the test of time, and “sustainability” refers to an environmentally responsible approach to making, moving, and using energy. In other words, we must find a way to ensure clean energy resources remain competitive in the marketplace and become ‘business as usual’ resources in the overall energy mix. The International Energy Agency (IEA) does a great job of explaining the need for this shift:

In the classical approach, variable renewables are added to an existing system without considering all available options for adapting it as a whole. This approach misses the point. Integration is not simply about adding wind and solar on top of ‘business as usual’. We need to transform the system as a whole to do this cost-effectively.”

Also posted in Clean Energy, Climate, Demand Response, Energy Efficiency, Utility Business Models / Read 3 Responses

Clean Energy and Job Creation Go Hand-in-Hand in San Antonio

By Jim Marston / Published: November 21, 2014

Source: CPS Energy

While many are prophesizing the Environmental Protection Agency’s Clean Power Plan (CPP) as doomsday for the electricity sector, Texas utilities are telling a different story. The CPP will limit – for the first time ever – carbon emissions from existing power plants. One utility in particular, CPS Energy in San Antonio, “has already embraced a low-carbon strategy that anticipates this rule,” making it the most well-positioned utility in the state, if not country.

Homegrown energy, literally

CPS Energy has excelled using its commitment to create local, clean energy jobs. In its Request for Proposal (RFP) for a 400 megawatt (MW) solar energy plant, the utility included a specification for the creation of local solar jobs. And it worked. Most recently, the utility announced the launch of the Mission Solar Energy Plant – a 240,000 square foot manufacturing plant that will employ upwards of 400 San Antonians. To assist with future expansions, CPS also helped create a program at Alamo Colleges to train its future workforce for clean energy jobs and, admirably, almost one out of every five employees is a veteran. Read More »

Also posted in Clean Energy, Clean Power Plan, Grid Modernization, Jobs, Texas / Read 1 Response

EDF Co-Hosts International Green Bank Summit on Catalyzing Private Sector Capital for Clean Energy

By Victor A. Rojas / Published: November 20, 2014

In order to fund the transition to a low-carbon economy at a pace rapid enough to prevent runaway climate change, the International Energy Authority has estimated that an annual $1 trillion will be required globally. What policies or mechanisms can be used to facilitate private capital engagement on so grand a scale?: Green banks, which are government-created financial institutions that use attractive interest rates and other incentives to leverage money from the private sector to fund clean energy projects.

Earlier this week, EDF co-hosted the first day of the two-day, second annual International Green Bank Summit in our New York City headquarters, bringing together green bank stakeholders from around the world. The summit focused on how green banks can better leverage limited amounts of public capital to engage and accelerate the deployment of private capital into essential energy efficiency, renewable energy, and climate change mitigation initiatives.

Green banks are catalysts

With one dollar of public finance leveraging about three dollars of private capital, global green banks have catalyzed nearly $20 billion dollars to date in clean energy projects around the world and expect to raise more than $40 billion over the next five years. So far, only a handful of countries have developed green banks. Read More »

Also posted in Clean Energy, Energy Efficiency, Energy Financing, New York / Tagged Green banks | 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 »

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