Energy Exchange

5 Reasons the Future of Clean Energy Investing Looks Stronger than Ever

By Peter Sopher / Published: January 28, 2015

Why invest? To make money.

People don’t invest in an industry to save the world or promote a cause; they invest because they believe the amount they put in will ultimately be returned to them as a much greater sum.

You’ve got to spend money to make money and, when it comes to clean energy, there is a lot of money to be made. Here are five reasons clean energy investment will continue its positive performance in 2015 and beyond.

1. Clean energy investment has been – and continues to be – on the rise

Recent buzz around clean energy investment has centered on a new Bloomberg New Energy Finance (BNEF) report detailing the global clean energy industry’s strong 2014 investment results, results that even “beat expectations”. While 2004-2014 saw an extended recession and high unemployment for the global economy, clean energy investment grew five-fold during those 10 years, up from $60.2 billion in 2004 to an impressive $310 billion this past year, according to BNEF. Read More »

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

Verdict Is In—There’s Broad Support for Plan to Cut Methane Pollution

By Jeremy Symons / Published: January 27, 2015

When the White House announced ambitious plans to cut methane emissions from the oil and gas sector by 45 percent, EDF President Fred Krupp called it a landmark move. And according, to a recent poll, 66 percent of Americans agree that strong federal standards are needed to safeguard our air from methane pollution, which is responsible for about a quarter of today’s warming. The oil and gas industry– the largest industrial source of this climate pollutant–wastes enough unburned methane each year to heat six million homes.

The plan has drawn widespread support among opinion leaders as well as industry experts.

Posted in Air Quality, Methane, Natural Gas / Tagged Greenhouse gas, Methane emissions, Natural Gas, policy | Comments are closed

Demand Response: A Valuable Tool that Can Help California Realize its Clean Energy Potential

By Michael Panfil / Published: January 26, 2015

A tool only has value if it’s used. For example, you could be the sort of person who’s set a goal of wanting to exercise more. If someone gives you a nifty little Fitbit to help you do that, and you never open the box, how useful, then, is this little device? The same is true about smart energy management solutions: good tools exist, but whether it’s calories or energy use that you want to cut, at some point those helpful devices need to be unpacked. The same is true for demand response, an energy conservation tool that pays people to save energy when the electric grid is stressed.

California’s electricity industry stands at a crossroads. The state got an early start on creating laws and policies to cut carbon pollution, and is now reaping the benefits of these policies through reduced emissions and healthy economic growth. That said, California can’t cut carbon emissions and reduce its reliance on fossil fuels without having alternatives to choose from — some focusing on promoting renewable energy, others on smarter energy management tools. Demand response is one of these tools, and a critical one. This highly-flexible, cost-effective resource should play a key role in California’s clean energy future, but several barriers stand in the way of unleashing its full potential.

It’s hard to think of California as anything but forward-thinking, but, right now, the state’s demand response programs are lagging behind those in other states and regions of the country like the Mid-Atlantic. There is good news, however, because demand response is an evolving resource. And, with advances in smart grid technologies, demand response has the potential to improve our energy mix in California. In EDF’s new report, Putting Demand Response to Work for California, we offer recommendations on how to unlock demand response as an important part of the overall strategy for California’s bright energy future.

Posted in California, Clean Energy, Demand Response / Read 4 Responses

From Boston, More Troubling News about Methane Emissions

By Steven Hamburg / Published: January 22, 2015

The everyday use of natural gas across the greater Boston area is resulting in much higher emissions of methane than previously thought, according to a study published this month in the Proceedings of the National Academy of Sciences. These emissions represent the waste of a valuable energy resource as well as an important source of greenhouse gas, since methane—the main component of natural gas—is 84 times more potent than carbon dioxide for the first 20 years it is in the atmosphere.

The reported emissions are more than two times higher than previously estimated using state emissions inventory data, with a yearly average loss rate from delivery and use of natural gas in the Boston urban region of 2.7 percent (with a margin of error of 0.6 percent). That’s enough natural gas to fuel about 200,000 homes each year.

While EPA data indicates that investments by many gas utilities in reducing leaks have made a difference, this study, led by scientist at Harvard University, demonstrates that the national statistics may mask significantly higher emissions in some parts of the country. Read More »

Posted in Methane, Natural Gas / Comments are closed

How EDF and Chicago are Leading the Way to Energy-Efficient Buildings

By Ellen Bell / Published: January 13, 2015

One degree Fahrenheit.

Yes, that was Friday’s temperature in Chicago.

But instead of thinking about jetting off to a sandy beach in the Caribbean, my thoughts instead turn to a more practical matter. As I look across the Chicago skyline, I wonder how many of these buildings have old, inefficient heating systems.

The good news is that right here in Chicago, some building owners are finding better, more efficient ways to heat — and in balmier times, cool — their properties.

Over the past year, EDF, the City of Chicago, and some of the city’s leading building owners have teamed up to make real progress in cutting energy use and costs.

The results of this partnership have helped Chicago move closer to the goal of the city’s Retrofit Chicago initiative: reduce commercial energy use in participating buildings by 20 percent in five years. The Mayor’s office has set the bar for energy savings, and EDF Climate Corps is providing boots on the ground to get it done. And Chicago’s leading building owners and operators are showing creativity and innovation in taking their energy management to the next level. Read More »

Posted in Clean Energy, EDF Climate Corps, Energy Efficiency, Illinois / Read 1 Response

2014: A Positive Sign of What’s to come for Clean Energy

By Cheryl Roberto / Published: January 8, 2015

The New Year is a time for reflection, beginning with a look back on the previous 12 months and all that they brought. A quick scan of the U.S. climate and energy news in 2014 will tell you it was a very big year.

The Environmental Protection Agency (EPA) proposed the first-ever limits on carbon pollution from power plants, the U.S. and China struck a historic climate deal, and Tesla broke ground in Nevada on the largest advanced automotive-battery factory in the world – a move that’s expected to slash the cost of lithium ion batteries by a third. At the same time that these important national and international advancements were grabbing headlines, Environmental Defense Fund (EDF) and our partners were working together to incrementally transform the U.S. electricity system by rewriting outdated regulations, spurring energy services markets, and modernizing our century-old electric grid.

The U.S. is on the verge of a revolution in the way we make, move, and use energy. And, having spent years working on governmental and regulatory matters related to our power system and lessening its impact on the environment, I can honestly say there has never been a more exciting time to be in this field. Here are a few of the moments that were near and dear to our hearts over the past year, developments I see as a sure signal 2015 will be another epic year for clean energy. Read More »

Posted in Clean Energy, Demand Response, Energy Efficiency, Energy Financing, Grid Modernization, Illinois, Investor Confidence Project, New Jersey, New York, Renewable Energy, Texas, Utility Business Models / Tagged Energy Storage | Read 3 Responses