Energy Exchange

New York becomes first city to hatch a 1.5°C Paris Agreement-compliant climate action plan

 Ellen Shenette, manager, EDF Climate Corps 

Earlier this week, New York City became the first city to devise a plan for meeting the goals outlined in the Paris Accord —the world’s first comprehensive climate agreement from which President Trump pledged to pull the U.S. from. The 1.5°C Paris Agreement-compliant climate action plan comes in response to Executive Order 26 (EO26), signed by Mayor de Blasio that reaffirms the city’s commitment to upholding the goals of the Paris Agreement.

The plan identifies specific strategies for reducing GHG emissions necessary to limit global temperature increase to 1.5 degree Celsius above pre-industrial levels, as set forth in the Paris Agreement. Leading the charge is the Mayor’s Office of Sustainability (MOS), which has been moving the city’s decarbonization efforts forward by accelerating the implementation of existing projects launched under the 80 X 50 initiative—a goal of reducing GHG emissions 80 percent by 2050.

This landmark piece of climate leadership is a big deal. It’s evidence that cities aren’t just making bold commitments with no plan of how to achieve them; they’re taking action and setting the processes for how to get there. Read More »

Posted in Clean Energy, EDF Climate Corps, New York / Read 1 Response

Methane leadership is a competitive advantage, says global investor

Early oil and gas industry adopters of methane management strategies and technologies are starting to see these reductions as an opportunity to gain a competitive edge.

Just last week, ExxonMobil announced  a new methane reduction program for its XTO Energy subsidiary, underscoring that the industry is paying close attention to the issue.

Methane, the main ingredient in natural gas, is leaked and vented across the oil and gas supply chain every day as the world energy mix shifts towards greater natural gas usage, according to the International Energy Agency. The oil and gas industry wastes billions of dollars a year of methane that simultaneously acts as a climate change accelerator, harming the brand of natural gas as a cheap and clean fuel source. Methane is 84 times more powerful as a heat-trapper than carbon in its first 20 years in the atmosphere.

In the second part of Environmental Defense Fund’s recent interview with Tim Goodman, Director of Engagement at London-based Hermes Investment Management, Goodman shares his views on why oil and gas companies addressing methane emissions are gaining a competitive edge, and how investors are paving the path for more companies to follow suit. (You can find the first part of the interview here.) Read More »

Posted in Methane, Natural Gas / Authors: / Comments are closed

Historic buildings or energy efficiency? Texas gets both, with innovative financing.

When it comes to the history and DNA of a city, new buildings have nothing on century-old ones. Yet the reverse can be said in regard to water and energy efficiency. Older buildings reflect the culture and history of a community, but typically are highly inefficient.

Such was the case with the Butler Brothers Building in Dallas, a previously-abandoned 1910 structure that was often referred to as an eyesore. So when the real estate developer Alterra International decided to turn the building into a mixed-use complex with apartments, hotel rooms, and retail space, a lot of work was needed to improve its water and energy efficiency – work that required up-front capital investments.

Through the Texas PACE Authority’s “PACE in a Box” model, Alterra International was able to secure $23.9 million in PACE financing for upgrades that will slash carbon pollution, cutting energy use by about 40 percent and annual water use by almost 700,000 gallons.

Property Assessed Clean Energy (PACE) is a financing model that helps local governments and the private sector back energy efficiency and renewable energy upgrades for homes and businesses. Texas is the only state that includes water in its PACE programs and could serve as a model for other water-strapped states. Read More »

Posted in Clean Energy, Energy Financing, Texas / Comments are closed

NASA helped locate over 300 methane hot spots across California

Last week the California Air Resources Board (CARB) and California Energy Commission (CEC) released interim results from a NASA study that offers the most clear-eyed assessment yet of California’s largest individual sources of methane pollution.

Methane – a potent greenhouse gas responsible for about a quarter of global warming – is emitted from several different sources, including refineries, landfills, dairy farms, and oil and gas facilities. This new study identifies 329 of the largest pollution sources and offers insights to policy makers about opportunities for reducing these emissions.

Here are four key takeaways from the latest research.

California must focus on super emitters to cut pollution

Previous studies in other regions have shown that when it comes to methane, a small set of high-emitting sites, known as “super emitters” tend to be responsible for a significant amount of total emissions. The new CARB study suggests the same is likely occurring in California (measurements of actual amounts of the methane will be released in the second phase of the project next year).  Many times these super emitters occur randomly, such as when a major piece of equipment breaks and releases a large amount of pollution. Other times, as this study shows, these sites can be landfills, dairy farms, and refineries that simply release a lot of pollution.  Read More »

Posted in Air Quality, California, Methane, Natural Gas / Comments are closed

In tackling methane, Exxon signals commitment to maximize opportunity for New Mexico

An announcement last week from one of the country’s largest natural gas producers may have a major positive impact on revenue and clean air in New Mexico. XTO Energy, a subsidiary of ExxonMobil that made a $6 billion investment in acreage in New Mexico’s Permian Basin earlier this year, has now announced a set of commitments to “continually reduce methane emissions” from its production and midstream operations nationwide.

In making the announcement, XTO CEO Sara Ortwein made special note of the methane actions’ impact in the Permian, stating, “In particular, we’re looking forward to applying this approach to our planned expansion in the Permian Basin in New Mexico and West Texas.”

The XTO methane mitigation commitment includes a plan to find and fix methane leaks through inspections using technologies at both existing and new facilities. Further, building on a successful technology pilot project in the nearby Midland Basin, XTO will also focus on emission prevention, moving toward the use of new, less polluting devices for tank batteries and other facilities. Read More »

Posted in Air Quality, General, Methane, Natural Gas / Comments are closed

This trade dispute could upend America’s booming solar industry. Here’s what it means for you.

If you work in the solar industry, want to buy solar panels or care about climate change, you may want to pay attention.

Two floundering solar manufacturers, with no concerns but their corporate bottom line, are about to pull the rug from under one of America’s fastest-growing industries and tens of thousands of well-paid jobs.

The manufacturers petitioned the U.S International Trade Commission this spring to take action against foreign competitors, claiming overseas rivals export products to America’s solar market at prices they can’t match. This at a time when the United States solar industry as a whole is booming.

In a decision that shook the industry and a host of free-trade advocates, ITC agreed with these single two petitioners and it’s now up to President Trump to decide whether to retaliate with an import tariff or other punitive options.

There’s a good chance he will – and this would be really bad news for American solar companies and consumers alike. Read More »

Posted in Clean Energy, Solar Energy / Read 1 Response