Energy Exchange

Mad Global Props: The International Energy Agency Hearts ICP

By EDF Blogs / Published: October 9, 2014

By: Panama Bartholomy, Director of ICP Europe

iea ee reportThe Investor Confidence Project (ICP), was recognized by the International Energy Agency (IEA), a global organization for 29 member countries, in its annual energy efficiency report, released today.

The IEA’s Energy Efficiency Market Report 2014 highlighted ICP as a program that will accelerate the development of a global energy efficiency finance market, saying in its energy efficiency finance chapter that the EDF initiative will “facilitate a global market for financings by institutional investors that look to rely on standardized products.”

For investors, the IEA puts the financial market for energy efficiency in the range of $120bn, with the launch of new products, such as green bonds, corporate green bonds, energy performance contracts, and expanded sources of finance likely to expand that figure. Lending from multilateral development banks and bilateral banks alone amounted to more than $22bn in 2012. Read More »

Posted in Energy Efficiency, Energy Financing, Investor Confidence Project / Comments are closed

Finding Gold in the Value Chain

By EDF Blogs / Published: October 9, 2014

By: Victoria Mills, Man­ag­ing Di­rec­tor of EDF Cli­mate Corps

chinafellowblogphotoEnergy efficiency is a goldmine, but not everyone has the time or resources to dig. That’s why for the past seven years, over three hundred organizations have turned to EDF Climate Corps for hands-on help to cut costs and carbon pollution through better energy management. And every year, the program delivers results: this year’s class of fellows found $130 million in potential energy savings across 102 organizations.

But this year we also saw something new. In addition to mining efficiencies in companies’ internal operations, the fellows were sent farther afield – to suppliers’ factories, distribution systems, and franchisee networks. What they discovered demonstrated there is plenty of gold to be found across entire value chains, if companies take the time to mine it.

Here are three places where EDF Climate Corps fellows struck gold: Read More »

Posted in Clean Energy, Energy Efficiency / Read 1 Response

North Carolina is well positioned for EPA’s Clean Power Plan

By Greg Andeck / Published: October 8, 2014

alternative-21761_640A majority of Americans endorse setting limits on carbon emissions from the nation’s power plants, which account for the single largest source of carbon pollution in the U.S. The United States is on the verge of doing just that with EPA’s proposed Clean Power Plan.

Nationally, the plan will reduce carbon emissions from power plants 30 percent below 2005 levels by 2030. However, these carbon-reduction mandates vary from state-to-state, which will cumulatively lead to a nation-wide reduction of 30 percent.

In North Carolina, where I live, the plan requires the state to reduce absolute carbon emissions about 21 percent by 2030 from a 2012 baseline, according to an analysis by Bloomberg New Energy Finance. Read More »

Posted in Air Quality, Clean Energy, Climate, North Carolina, Renewable Energy / Read 1 Response

Why Military Veterans are Uniquely Primed for Climate Action

By Stephanie Kline / Published: October 8, 2014

Pakistan flood reliefMost veterans’ climate action advocacy is not motivated only by traditional environmental issues, but also by lives lost during fuel transports amid increasing global conflicts.

My advocacy is motivated by both, and as a veteran, I’m inspired by increased opportunities to promote clean energy policies that support energy security, resiliency, and military readiness.

Climate change affects us in multiple ways, not the least of which is geopolitically. Rising global temperatures are, in fact, one of the fastest-growing threats to national security.

This is why the U.S. Armed Forces are actively responding to the threat of climate change, as are many veterans who leave the military with a strong understanding of how climate issues can drive or alter missions. Read More »

Posted in Clean Energy / Comments are closed

The Social Cost of Stagnation: A Call for FERC Action

By EDF Blogs / Published: October 7, 2014

By: James T. B. Tripp, EDF Senior Counsel

Fossil fuel plantAmerica’s electricity industry – the single largest source of carbon pollution in the U.S. – is at the heart of some of the world’s biggest environmental challenges, especially climate change. Given this connection, you would think an agency called the Federal Energy Regulatory Commission (FERC) would take into account the major environmental consequences of its policies, which fundamentally shape the U.S. power industry. Sadly, you would be wrong.

FERC is charged by law with ensuring wholesale rates and other critical aspects of the electricity industry, such as transmission practices, are “just and reasonable.” Yet FERC’s official policy is to exclude environmental considerations from its regulation of the industry. Why? FERC’s reasoning is based on a combination of questionable statutory interpretation and an approach to energy regulation that is stuck in the past. In fact, FERC’s statutory mandate over wholesale electricity sales and transmission dates back to the 1930s, long before scientists discovered climate change. Read More »

Posted in Clean Energy, Climate / Tagged | Comments are closed

Why EPA’s Press Release Doesn’t Reflect the Real Methane Emissions Numbers

By Mark Brownstein / Published: October 6, 2014
Source: Dan Lurie

Source: Dan Lurie

At first glance, the Environmental Protection Agency’s Sept. 30 press release looked like a winner: Methane emissions from the oil and gas sector dropped by 12 percent in 2013, with a  whopping 73-percent decline from hydraulically fractured natural gas wells making up the largest share of reductions.

The drop in methane emissions shows how effective regulation is in reducing air pollution from oil and gas production. It was led by an early phase of EPA’s air pollution rules, enacted in October 2012, with full implementation expected by January 2015. (Although this regulation targets emissions of volatile organic compounds, it has also reduced methane as a co-benefit.)

Except, the 73- percent decline is not the whole story. It only accounts for 2.3 percent of the total methane emissions reported to EPA’s Greenhouse Gas Reporting Program, leaving a large amount of tons on the table addressed.

Read More »

Posted in Air Quality, Climate, Methane, Natural Gas / Tagged , , | Read 1 Response