Energy Exchange

Pushing Energy Efficiency Finance Beyond Theory To Practice

By EDF Blogs / Published: July 30, 2013

By: Matt Golden, Senior Energy Finance Consultant, Environmental Defense Fund

New Energy and Loan Performance Data Project Uses Latest in Data Science to Help Capital Markets Engage in Efficiency Lending

Environmental Defense Fund’s Investor Confidence Project (ICP) and the Clean Energy Finance Center (CEFC), in partnership with state and local lending programs, financial organizations and a range of additional stakeholders, are collecting, aggregating and analyzing loan performance and energy savings data from energy efficiency upgrades in residential and commercial buildings.

The Energy and Loan Performance Data Project represents the first concerted effort to combine data from some of the largest US energy efficiency programs in an attempt to develop an actuarially significant dataset to help engage the capital markets.

Nearly 40% of US energy is consumed by both residential and commercial buildings.  Realizing all of the available cost-effective energy efficiency savings would require roughly $279 billion of investment, resulting in more than $1 trillion in energy savings over ten years.  However, currently, only 1% of all US investments are made in energy efficiency projects.  Our goal for this project is to help lay the foundation that will enable organizations to tap into this vast potential market.

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Also posted in Energy Efficiency, Investor Confidence Project, New York, On-bill repayment / Tagged , , | Read 7 Responses

Plastic And Chemicals Can’t Take The LEED On Green Construction

By Jim Marston / Published: July 24, 2013

If it’s not power plants fighting carbon pollution reduction, it’s plastic companies fighting against voluntary standards to make buildings less wasteful.  The Leadership in Energy & Environmental Design (LEED) building certification system, developed in 2000 by the U.S. Green Building Council (USGBC), provides third-party verification for buildings striving to reduce environmental impact.  The system gives credits to builders who eliminate the use of certain plastics and chemicals in building construction, such as PVC and vinyl that are known to be hazardous to workers and occupants.  However, these credits, which once seemed like apple pie, have now been met with opposition from plastic and chemical industries lobbyists.

Recently, these polluting industries have “slipped wording” into the 2014 Financial Services and General Government Appropriation bill, to undermine the federal government’s ability to use the popular and successful LEED standards when building or renovating its office buildings.  The lobbyists claim that LEED standards are not open and transparent, and through a bit of sophistry they have used this appropriation amendment to cast doubt on the legitimacy of the LEED system.

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Posted in General / Tagged , | Read 2 Responses

One Way Or Another, We All Profit From Clean Energy

By EDF Blogs / Published: July 16, 2013

This commentary, authored by Dan Upham, originally appeared on EDF’s Voices blog.

When the folks at oilprice.com wanted to take a look at the clean energy landscape and see what opportunities might exist for energy investors, they turned to Jim Marston, the head of Environmental Defense Fund’s U.S. Climate and Energy program and regional director of our Texas office.

“As an environmental organization, EDF doesn’t offer investment advice,” Marston was quick to explain. “There are other, far more qualified people to recommend investment options.”

When it comes to market-based environmentalism and the economic benefits of clean energy, however, we’re in our comfort zone. And Marston is particularly comfortable talking about the “smart power” sector; the ideas, products and services that focus on clean, renewable energy and energy efficiency.

“Keep in mind that the U.S. will spend around $2 trillion over the next two decades to upgrade our outdated energy infrastructure,” Marston said, “And many companies realize that there’s a real market for products that make the existing electric grid better, greener and ‘smarter.’”

Read the full interview on oilprice.com for more.

Also posted in Grid Modernization, Utility Business Models / Comments are closed

Now Is Not The Time To Gut Funding For Innovative Energy Research

By EDF Blogs / Published: July 8, 2013

This commentary, authored by Robert Fares, originally appeared on Scientific American’s “Plugged In” blog.

Modeled after the successful Defense Advanced Research Projects Agency (DARPA), the Advanced Research Projects Agency – Energy (ARPA-E) uses small grants to bring transformative energy technologies to commercialization. (Source: ARPA-E)

Last month, a subcommittee of the U.S. House of Representatives quietly voted to gut funding for the U.S. Department of Energy’s (DOE’s) efforts to promote innovative energy research. The DOE’s Advanced Research Projects Agency – Energy (ARPA-E) was first on the chopping block. The subcommittee voted to slash its funding from the current level of $252 million to just $50 million—an 80% cut. On top of that, the subcommittee cut funding for the DOE’s work on renewable energy in half.

ARPA-E was created by the 2007 America COMPETES Act, signed into law by then President George W. Bush. The agency is modeled after the successful Defense Advanced Research Projects Agency (DARPA)—credited for transformative innovations like GPS and computer networking. ARPA-E is intended to facilitate small government grants for basic research into transformative energy technologies that are too risky for the private sector. Since its first funding allocation from the Obama administration in 2009, ARPA-E awardees have already doubled the world-record energy density for a rechargeable lithium-ion battery and pioneered a near-isothermal compressed air energy storage system. Read More »

Also posted in Renewable Energy / Comments are closed

Energy Capital Of The Nation Turns To Clean Energy

By Elena Craft, PhD / Published: June 27, 2013

This commentary originally appeared on EDF’s Texas Clean Air Matters Blog

Last week, the City of Houston announced that it would increase its purchase of renewable electricity to cover half of its energy use.  The city will use almost 623,000 megawatt-hours of electricity from renewable sources per year—equivalent to the energy used by 55,000 residential homes annually.  The purchase makes Houston the largest municipal buyer of renewable energy in the nation.  While Houston’s latest renewable energy purchase may seem at odds with its reputation as an oil and gas hub, it’s exactly the sort of common-sense decision we expect from a city that’s touted as the energy capital of the nation.

Houston is in good company among other Texas cities. The City of Austin already gets 100% of its electricity from renewable sources.  To make the switch, the city leveraged Austin Energy’s GreenChoice program, one of the nation’s most successful utility-sponsored and voluntary green-pricing programs.  The program is part of Austin’s Climate Protection Plan, which establishes a 35 % renewable portfolio goal for Austin Energy by 2020.  In San Antonio, the municipally owned CPS Energy has emerged as a leader in clean energy. Through its New Energy Economy initiative, CPS Energy is growing its network of smart meters and expanding its installed solar capacity, among many other sustainable initiatives.  Today, CPS Energy uses more solar energy than any other Texas utility, while still having the lowest electric rates among the top 10 largest cities in the United States. Read More »

Also posted in Climate, Energy Efficiency, Renewable Energy, Texas / Read 1 Response

“Heck Yes”– Millennials Respond to the President’s Call

By EDF Blogs / Published: June 27, 2013

 

This commentary originally appeared on the EDF Climate Corps Blog

By: Katie Ware, EDF Senior Marketing Communications Specialist

The environmental community is abuzz with reactions to President Obama’s wide-ranging Climate Action Plan. His speech introducing the plan Tuesday sparked immediate conversations about the Keystone XL Pipeline, the coal industry, the transportation sector and half a dozen other hot button environmental issues.

For me, his speech hit home in the first minute. Addressing the crowd at Georgetown University, he said he wanted to speak directly to my generation “because the decisions we make now and in the years ahead will have a profound impact on the world that all of you inherit.”

Confident, connected and open to change (says Pew), we Millennials are 95 million strong. We elected and then re-elected Obama looking for precisely this type of bold action on issues we feel passionately about.

“Someday our children and our children’s children will look us in the eye and ask did we do all that we could when we had the chance to deal with this problem and leave them a cleaner, safer, more sustainable world. I want to be able to say yes we did. Don’t you want that?” he asked.

My answer to the President is, heck yes, and my peers are with me. Read More »

Also posted in Climate, EDF Climate Corps, Energy Efficiency / Comments are closed