Energy Exchange

What InsideClimate Got Right And Wrong About EDF’s Methane Work

By Eric Pooley / Published: April 14, 2015

On April 8, InsideClimate News published an in-depth story about Environmental Defense Fund’s groundbreaking work to measure emissions of methane.

While we don’t agree with everything in the story, we’re glad it recognizes the scope, ambition and scientific integrity of our work. As InsideClimate News concludes:

Environmental groups almost never take on scientific research efforts. Investigations on this scale are normally organized by the federal government or the National Academy of Sciences. Coordinating what’s become an $18 million series of 16 studies by more than 100 researchers has turned EDF into a heavyweight on the science of methane pollution.
The project’s findings will influence government policy concerning the $292 billion-a-year U.S. oil and gas extraction industry and the regulation of fracking…[And] environmentalists acknowledge that EDF has managed to pass some of the nation’s strictest regulations where others have failed.
InsideClimate News interviewed 40 scientists, activists, academics and industry representatives – more than half of whom aren’t involved with the EDF research. This group included 15 methane researchers. None of them said they thought the industry was manipulating EDF’s research results or pressuring scientists to change their data.

But the story also gets some important things wrong, on issues the reporters never asked us about.

We’d like to offer corrections on those points, which we have raised directly with the editors, along with some additional perspective on this important story about methane – a potent greenhouse gas and main component of natural gas. Read More »

Posted in Methane, Natural Gas / Read 2 Responses

4 Ways to Invest in the Low-Carbon Economy

By Peter Sopher / Published: April 13, 2015

Citigroup Inc. recently pledged $100 billion for lending, investing, and facilitating deals related to sustainability, renewable energy, and climate change mitigation. This is yet another sign that global capital markets are enormously interested in delivering capital into clean, renewable sources of energy. But you don’t have to be Citigroup to invest in the clean energy future.

The industry’s rapid growth presents an interesting diversity of long-term opportunities for individuals like you and me who might be looking to make investments in a low carbon economy.

Fueled by an increased demand for solar and wind energy, clean energy investment last year beat expectations, rising 16 percent to $310 billion worldwide, according to Bloomberg New Energy Finance (BNEF). Fortunately, this robust growth is representative of a general upward trend in clean energy investment over the past decade.

Although the vast majority of this money is coming from governments, corporations, and private equity and venture capital firms, people of all income levels can consider whether it is right for them to add clean energy to their investment portfolios. And, you don’t need millions in the bank to make these types of investments – any investor can consider whether to put their money to use through the four financial instruments described below. Read More »

Clean Mountain Air Brings Clarity to Energy Debate at Vail Global Energy Forum

By Andy Darrell / Published: April 10, 2015

Last month, I attended the Vail Global Energy Forum in Colorado. Billed as a “mini-Davos” of energy (studiously ignoring the Aspen crowd a few hours down the highway), that moniker may have felt aspirational when the conference launched three years ago. But, this year it paid off: momentum for frank dialogue and global innovation is building on the slopes of the Vail Valley.

Here’s my take on how the clean air of the mountains cuts through the hot air of energy debates to illuminate practical, actionable ideas.

Three big ideas drove the conference:

North American energy independence

Mexico, the United States, and Canada could, together, innovate their way to an energy marketplace that weakens dependence on overseas imports, scales up clean energy solutions, and charts a path to low-carbon prosperity. At times, the discussion was framed by the rise of unconventional oil and gas exploration (yes, “fracking”), collaboration around pipelines (yes, “Keystone”), and whether these could disrupt traditional geopolitical frames. Read More »

Posted in Air Quality, California, Cap and Trade, Clean Energy, Climate, Colorado, Energy Efficiency, Energy Financing, Methane, Natural Gas, New York, Utility Business Models / Comments are closed

Learn for Yourself about the Power of a Connected Home + Event Invitation

By Lenae Shirley / Published: April 9, 2015

It wasn’t long after my husband connected our first smart home device, a Nest Learning Thermostat, that I noticed a change.

Each time he walked by this new gadget, he would stop and do a little dance. He was interacting with this new friend, and it was a purely emotional response. He even insisted we repaint our wall to better showcase the Nest Thermostat, though he never suggested that for our artwork. Not only was our home connected, but now our hearts were in it.

This was no ordinary smart device. The Nest Thermostat gave us a sense of power, control, and freedom. And it said “hi” to us with its shining light as we approached. The best thing was the money we were saving by lowering our electricity bill, because we could now make sense of how we were using our air conditioning. This also helped reduce our carbon footprint. Read More »

Posted in Grid Modernization, Texas / Tagged Google, Nest | Comments are closed

In the Face of Extreme Drought, Australia (and possibly Texas) Undoes Best Strategy for Water Conservation: Clean Energy

By Kate Zerrenner / Published: April 8, 2015

Source: flickr/katsrcool Cowboys, frontier grit, accented English, and wild, wide open spaces are just a few of the similarities shared by Texas and Australia. Both places also have an energy-water problem. But, the good news for Texas is that it’s not too late for us to learn from Australia’s mistakes – and a few successes, too.

In July 2014, Australia abandoned its carbon price, which gave Australia, a country with one of the highest per capita emissions of any developed country in the world and uses even more coal than the United States, the largest carbon-price system in the world outside of the European Union. (That is, until California’s program took effect in January 2013—California has the first-ever economy-wide carbon market in North America, potentially linking to other sub-national, national and regional markets around the world.) Since then, the Australian government has been in talks to significantly scale back its renewable energy target (RET), and the months-long squabbling without resolution is threatening the country’s renewable energy sector.

Texas, whose drought started in October 2010, is now in its worst drought on record. And some Texas leaders are taking a similar, short-sighted path as Australia when it comes to rolling back successful clean energy initiatives – ones that could also save scarce water supplies. Currently in the midst of its biennial legislative session, Texas is considering bills that would scrap the state’s successful wind renewable portfolio standard and prevent the state from complying with the Environmental Protection Agency’s proposed Clean Power Plan (CPP), which establishes the nation’s first-ever limits on carbon pollution. Read More »

Posted in Clean Energy, Energy-Water Nexus, Renewable Energy, Texas / Read 2 Responses

Stakeholders Gather to Discuss How Time-Variant Electricity Pricing Can Work in New York

By Beia Spiller / Published: April 8, 2015

Last week, Environmental Defense Fund (EDF) co-hosted a successful forum on residential time-variant electricity pricing – which allows customers to pay different prices for electricity depending on when it is used – within the context of New York’s ‘Reforming the Energy Vision’ (REV) proceeding.’

Co-hosted with the New York Department of Public Service and New York University’s Institute for Policy Integrity, the full-day forum, “On the REV Agenda: The Role of Time-Variant Pricing,” brought together more than 150 regulators, utility executives, academics, and other stakeholders to explore how residential time-variant pricing works, what it can accomplish, and how best to implement it. Below is a recap of some of the high-level takeaways from the forum.

How time-variant pricing (TVP) works

One of EDF’s objectives has been to improve the efficiency of the electricity industry by pursuing a market-based approach to electricity pricing. In most well-functioning markets, the cost of making a product and its relative scarcity is reflected in the price. For example, a door is more expensive than the wood with which it is made in order to reflect the labor costs involved. Similarly, strawberries are more expensive during the winter because they are less abundant during that time. Customers understand that prices vary with production costs and over time, yet neither of these elements gets reflected in how residential customers currently pay for electricity.

Posted in Clean Energy, Electricity Pricing, New York, Utility Business Models / Comments are closed