Energy Exchange

A global game changer for energy efficiency investments

By Victor A. Rojas / Published: March 12, 2018

Three hospitals in England recently cut energy costs in half after spending the equivalent of $18 million in energy efficiency upgrades. The projects got a much-needed boost from a certification that gave investors confidence the retrofits would bring returns.

With millions of buildings in need of upgrades and the emergence of a $20-billion retrofit industry in the United States alone, there is neither a shortage of projects nor capital looking for environmental opportunities in which to invest. What has been lacking is a way to grow the market to scale.

Even with an energy efficiency market topping $1 trillion, investors have historically considered such retrofits risky. All this is changing quickly with a new and global underwriting standard mitigating the risk of such investments. Read More »

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

The most important thing California can do with its clean energy could be to share it

By Lauren Navarro / Published: March 9, 2018

Not often is running the electric grid as simple as applying lessons from childhood. Right now it is ─ California is learning to share with its neighbors. A bill currently in front of the Legislature from California Assemblymember Chris Holden, AB 813, aims to build a better trading platform to share California’s extra solar power with nearby states like Oregon, Washington, and Nevada, which would then share their extra wind, solar, and hydropower resources with California.

It is like the lunch table you sat around as a kid – one where you can trade that banana pudding that overflows at your house for one of your neighbor’s chocolate chip cookies. It’s a delicious deal, where everybody wins.

That deal just got better. Holden’s office yesterday released new language which represents an important, positive step in the process of creating a regional electric grid for the West. This includes key requirements and protections to ensure a regional grid lowers harmful greenhouse gas emissions and supports California’s climate and energy goals – helping the state and its neighbors to move towards a low-carbon future. Read More »

Posted in California, Clean Energy, Energy Innovation, Regional Grid / Read 2 Responses

Tech for change video series: Backyard oilfields

By Irene Burga / Published: March 7, 2018

This post is the first of EDF’s Tech for Change series, which spotlights the way pollution-sensing technology can protect public health and the environment in California. Watch part 2 here.

Imagine having an oilfield in your backyard. That’s a fact of life for many Los Angeles residents. Nearly 600,000 people in the city live within ½ mile of an active oil well, and the city is home to the country’s largest urban oilfield (view on Google Maps).

Living so close to active oil and gas facilities is not without its risks. Public health studies have shown that communities near oil and gas operations are at increased risk of exposure to harmful pollution. The problem is that a lack of pollution monitoring near these well sites means neighboring residents don’t know what’s leaking into the air they breathe.

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

Compensating distributed energy resources for environmental attributes

By EDF Blogs / Published: March 6, 2018

By Elizabeth B. Stein, Ferit Ucar

Small distributed energy resources, cutting carbon emissions, and making sure people pay appropriately for participating in the electric system: These have been pillars of Reforming the Energy Vision (REV), New York’s comprehensive initiative to re-think utility regulation and reduce carbon in the power sector.

Cutting carbon pollution – decarbonization – will be difficult as long as a carbon price is in effect only for large generators. That approach creates a risk of shifting emissions from large generators to small ones and creates a disincentive for environmentally-beneficial electrification.

Setting a robust price on carbon and applying it to fossil fuel users of all sizes and types would avoid such results and enable the market to drive down emissions efficiently. But in a world without such a broadly-applied price, designing an appropriate compensation mechanism for small generators that produce both environmental benefits and emissions is an interesting economic policy challenge.

There’s a lot to consider. Let’s unpack the issues. Read More »

Posted in Clean Energy, New York, Renewable Energy / Comments are closed

Illinois has plenty of power, says new report. So, why bail out Dynegy’s coal plants?

By Christie Hicks / Published: March 5, 2018

Since last year, Dynegy has tried to strong-arm Illinois legislators and regulators into allowing it to pollute more. To add insult to injury, the Texas-based energy giant wants to charge customers more to do so. It’s a lose-lose for Illinoisans. And here’s the kicker: A new report just revealed that Illinois has more than enough power without Dynegy’s coal plants.

Dynegy has spent the past year targeting environmental protections at the Illinois Pollution Control Board, and has re-introduced legislation in Springfield that would give its uneconomic coal plants a $400 million per-year bailout. Meanwhile, Dynegy is raking in millions in profits. Moreover, Dynegy was acquired last week by Vistra Energy in a move that will generate $4 billion in equity.

There is more than enough power in Illinois (termed “resource adequacy” in energy parlance) to keep the lights on and then some, confirms the new report from the Illinois Commerce Commission (ICC). The report is further evidence that Illinoisans should not have to bail out Dynegy’s polluting plants. Read More »

Posted in Clean Energy, Illinois / Comments are closed

Report: LA County oil and gas sites require stronger oversight

By Irene Burga / Published: March 2, 2018

A new report from the Los Angeles County Department of Public Health (DPH) provides yet more evidence that greater oversight is needed to address health and safety concerns with the region’s oil and gas facilities.

Los Angeles sits directly on top of 68 active oil fields, meaning many of the city’s residents live in close proximity to harmful emissions associated with oil and gas development, including compounds that can cause cancer, respiratory diseases like asthma, severe headaches, neurological problems, and other health consequences.

LA DPH assessed the impact of urban drilling on communities in east and south LA and considered existing research to identify actions for regulators to reduce public health threats, including:

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