Energy Exchange

Three things California should do to prepare for more electric trucks and buses

California is moving fast to replace dirty, gas-guzzling heavy-duty vehicles with cleaner, electric choices as a way to combat air pollution and climate change.

Both fleets and electric utilities need to rethink the way they build the charging stations needed to power these vehicles. Charging stations should be as affordable as possible, and help electric vehicles integrate more renewable energy into the grid. The California Public Utilities Commission is working with stakeholders to set out key guidelines, targets and metrics to reach those goals. This process, known as the Transportation Electrification Framework, is unquestionably a step in the right direction, but in order to maximize its impact there are some key things the CPUC should keep in mind.

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Also posted in Air Quality, Clean Energy, Climate, Electric Vehicles / Comments are closed

Now is not the time to pump the brakes on fleet electrification

The coupled economic impacts of the pandemic and global oil crisis are expected to hit passenger electric vehicle sales hard, with a recent Bloomberg analysis predicting an 18% drop in sales this year. But many commercial fleets and state policymakers are continuing to push forward on their plans to electrify trucks and buses, even in these uncertain times.

We are seeing proof of this across the zero-emission vehicles market. In order to meet their long-term climate commitments as well as near-term policy requirements, fleet operators are continuing to accelerate their investments in electrification.

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Also posted in Air Quality, Clean Energy, Climate, Electric Vehicles / Comments are closed

Some of the biggest names in trucking are calling for federal support of electric trucks and buses

Momentum is building for federal support of truck electrification, and today’s launch of the National Zero-Emission Truck Coalition is a great example of how federal incentives are urgently needed to clean up our air, create tens of thousands of jobs and solidify American competitiveness in the global zero-emission truck market.

Organized by CALSTART, the ZET coalition is a group of America’s biggest truck equipment manufacturers, suppliers and key stakeholders, such as Cummins, Daimler, PACCAR, Eaton, Tesla, Rivian along with Environmental Defense Fund. This knowledgeable set of stakeholders is advocating for federal charging and refueling infrastructure and increased federal investments in advanced clean transportation technologies.

The group is also advocating for a national point-of-sale incentive program to help drive the near-term production of zero-emission trucks and buses in the United States — a policy that for the last decade has stood out for its effective support of clean vehicles at the state level. Also called a “voucher incentive program,” this incentive structure streamlines access to grants that directly support the purchases of clean trucks and buses, including battery electric and fuel cell vehicles.

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Also posted in Air Quality, Climate, Electric Vehicles, Illinois, Jobs, New York / Comments are closed

Report: California’s clean truck rule will save the economy billions, eliminate vast amounts of pollution

Chris Busch, Ph.D. with Energy Innovation co-authored this piece

Next week, California plans to do something that’s never been done before. The state will finalize the world’s first electric vehicle manufacturing standard, which promises to add thousands more clean trucks and buses to California streets.

The rule requires makers of medium- and heavy-duty trucks to build more electric options, and says a certain percent of heavy duty trucks on the market must be zero emission vehicles. The rule will make it so that, by 2035, about 60% of all trucks and buses sold in California will be clean.

The move is certainly good news for California’s air, which is the smoggiest in the country. But it’s also good news for the economy. A new report from Environmental Defense Fund and Energy Innovation finds the proposed rule saves at least $7 billion over the next 20 years.

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Also posted in Air Quality, Climate, Electric Vehicles / Comments are closed

CalSTRS investor: Access to capital will tighten for oil and gas companies sidestepping climate

We’re back with the last in a two-part series on prospects for ESG and climate investing between EDF’s Ben Ratner and Brian Rice, a portfolio manager at California State Teachers’ Retirement Systems, the world’s largest educator-only pension fund with roughly $243 billion under management.

After exploring the importance of climate policy and net-zero corporate planning in the first Q&A, the discussion turns to oil and gas. The experts examine this historic moment for the industry, and how escalating climate pressures will profoundly affect energy markets and the companies that power them.

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Also posted in Clean Energy, Climate, Natural Gas / Comments are closed

CalSTRS says climate is major portfolio threat, companies must walk the walk on net-zero

A few weeks ago, EDF’s Ben Ratner spoke extensively with Brian Rice, a portfolio manager at California State Teachers’ Retirement Systems about key issues in environmental social and governance investing.

CalSTRS is the largest educator-only pension fund in the world with roughly $243 billion in managed assets. EDF has been working closely with the firm on corporate engagement for more than five years.

This is the first of a two-part Q&A series with CalSTRS examining prospects on ESG and climate investing through the energy transition. This portion of the discussion explores the rise of ESG, the importance of policy, and what comes next for companies with net-zero commitments.

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Also posted in Climate, Methane, Methane regulatons, Natural Gas / Comments are closed