Energy Exchange

Can fossil fuel companies find a place in a climate-friendly world?

We have to transform our energy system to avert the worst impacts of climate change. And if oil and gas companies want a place in that future, they must transform themselves—or else be consigned to history. Is it realistic to think fossil fuel companies could be part of the solution? Plenty of reasonable people say no, but I think constructive engagement with some in the industry can speed the transition. A few companies have taken meaningful steps in the right direction. To secure a place in the future, however, they need to think bigger and move faster.

The challenge is urgent and stark: The world’s economy needs to reach net-zero greenhouse emissions early in the second half of the century to achieve what science says is necessary. Net-zero means putting no more carbon into the atmosphere than we can take out. To hit this ambitious global goal, Europe, the U.S. and other advanced economies must get to net-zero, 100% clean economies by 2050.

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Posted in Methane, Methane regulatons / Comments are closed

Preparing for hurricane season in Puerto Rico with long-term solutions

With hurricane season upon us again, I am reminded of the lessons learned after the devastation we went through in 2017, when thousands of people in Puerto Rico went without electricity for nearly a year after Hurricane Maria made landfall on the island. Many communities had limited access to clean water, food and health services.

As much as we’ve been able to rebuild, a lot of work remains to be done to prepare for the future. As temperatures rise, we see stronger, more frequent and more deadly hurricanes. We must ensure their outcome affects people as minimally as possible. This will require a better understanding of what communities need to rebuild and adapt, what technology can be deployed to address specific challenges — such as a modern, more resilient grid and infrastructure —and the tools that can be used to finance them.

Many local officials and communities in Puerto Rico are making remarkable progress to make this transformation possible. Following their lead is essential to making any solution to the island’s energy crisis successful in the long- term. Communities, energy reform, technology and finance – all have a role to play in protecting the island from the next super storm, while improving the quality of life for all its residents and strengthening its economy long into the future.

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Posted in Clean Energy / Tagged | Comments are closed

Federal regulators should reevaluate the incentive model for gas pipelines

The energy industry is in the midst of a massive transformation. Natural gas fired power plants are now the dominant source of electric power in the U.S., and according to numerous studies, natural gas will continue to have a role in our future energy system — even in stringent greenhouse gas reduction scenarios. For the first time ever, renewables supplied more generation than coal in April. New technologies, evolving customer expectations and state laws directing greenhouse gas reductions are driving significant changes in the way we use and consume energy. The pace of this change will be even further accelerated as we turn to electrification as a means of decarbonization.

Regulators must reevaluate their policies and rules to ensure they are keeping up with these major changes. This is particularly true for the current revenue model of gas pipelines, which is built on the idea that “the more you spend, the more you earn.”

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Posted in Clean Energy, Gas to Clean, Natural Gas / Comments are closed

How to decarbonize California’s economy without breaking the bank

As temperatures rise and the impacts of climate change become more prevalent, California is aggressively implementing solutions that will take more greenhouse gases out of the atmosphere. California has one of the most ambitious climate goals of any state in the country, pledging to get to 100% clean electric power by 2045.

To get to 100% clean electricity, California will have to remove carbon (or “decarbonize”) in two major areas: vehicles and buildings. For California’s residential and commercial buildings – which, combined, make up about 25% of the state’s total greenhouse gas pollution — decarbonizing means changing how we heat (space heating for warmth, water heating and clothes drying are the best examples) and how we cook.

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Posted in California, Clean Energy, Natural Gas / Comments are closed

Not all biogas is created equal

By Joe Rudek and Stefan Schwietzke

In this climate-conscious economy, where many consumers demand cleaner energy options, gas companies are exploring more opportunities to reduce their carbon footprint.

One option gaining traction is biogas – a form of natural gas that comes from decaying biological sources (like decomposing food and manure), rather than fossil fuels. In fact, gas utilities from Vermont to California have introduced programs to allow their customers to purchase biogas through the existing gas system.

Some utilities suggest that biogas cuts carbon emissions across the energy sector. However, the reality is that biogas must be developed with safeguards that protect the climate and local environmental conditions, and is only one tool among many needed to address the climate crisis.

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Posted in Natural Gas / Comments are closed

The right way for California to divest from natural gas

As California’s drive to wean itself from fossil fuels continues, important new challenges are emerging in its wake. Part of a broader effort to shift the state’s electric grid entirely to clean energy by 2045, for example, includes the Los Angeles Department of Water and Power’s recent announcement to retire three gas-fired power plants, while making a series of local investments to manage and balance the electric load. And with the grid getting cleaner, efforts are now getting underway to electrify as many of the other residential, commercial and industrial activities that currently depend on gas.

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Posted in California, Climate, Gas to Clean, Natural Gas / Tagged , , | Comments are closed