Energy Exchange

Fossil Fuel Industry and Koch Brothers Align to Kill Extension of Wind Energy Tax Credits

Jim Marston, Environmental Defense, Austin, TXIt seems that every year, renewable energy advocates are forced to respond to some false claims made by oil or coal interest groups trying to mislead the public and legislators into believing that solar and wind energy are not worth supporting.  Even though wind power is a clean, renewable, homegrown form of energy that is good for people, business and the environment, fossil fuels are simply hardwired into this country’s DNA.  So it is not surprising that fossil fuel companies defend their subsidies and tax breaks and don’t want clean energy competitors to cut into their support.  

Around this time last year, renewable energy advocates were announcing good news – the production tax credit that helped spark remarkable growth in America’s wind energy industry had been extended through 2013.  And it amounted to more than just a one year bump.  Because the extension applied to projects begun in 2013, rather than completed in 2013, the credit could be applied to more projects over a longer period of time.  Read More »

Posted in Climate, Renewable Energy / Tagged , | Read 6 Responses

Is SONGS Haunting Energy’s Past, Present and Future?

This commentary originally appeared on our EDF Voices blog.

Source: Peter Lee/Flickr

Source: Peter Lee/Flickr

Earlier this year, Southern California Edison (SCE) permanently retired the San Onofre Nuclear Generating Station (SONGS) after forty years of operation in San Diego County, appearing to put the large-scale power plant firmly in the past. However, much like Ebenezer Scrooge, California is grappling with the specter of SONGS’ past – which may haunt our present and future.

The story of SONGS is not unique to California. As of the end of 2012, 28 nuclear power plants were shut down in the United States – and many more will face the same fate in the near future, as they reach the end of their design life. Thus, a transition to renewables and incentivizing reduced demand– and a refusal to be tied to fossil fuels – is an issue of national importance.

The closure of SONGS has left California at an important crossroads: Continue to lean on fossil fuel energy and build additional combustion power plants– like Marley’s ghost chained to the past – or start shaping the future by using the clean solutions that are available today. Read More »

Posted in California, Climate, Demand Response, Energy Efficiency, Renewable Energy / Comments are closed

NY Governor Cuomo launches Green Bank in Aggressive Move to Tackle Climate Change

Rory Christian PhotoOne of the worst hit states by last year’s Superstorm Sandy, New York is moving aggressively to avert future climate-related weather events.  Governor Cuomo announced the launch of a Green Bank last week, giving the state a timely and much-needed Christmas gift.

The move shows the state’s strong commitment to the acceleration of a clean, low-carbon energy economy.  New York joins the ranks of several other states, including Connecticut and Hawaii, in addressing a key issue holding clean energy in America back, namely financing.  The Green Bank, which has $210 million in initial funding originating from existing ratepayer and Regional Greenhouse Gas Initiative funds, targets market barriers to private financing of renewable energy and energy efficiency projects. 

Working with private sector financial institutions, the Green Bank will offer financial products such as credit enhancement, loan loss reserves and loan bundling to support securitization (which promotes liquidity in the marketplace) and help build secondary markets.  These products have long-proven successful in stimulating market developments and creating investment-quality, asset-backed securities that can be bought and traded. Read More »

Posted in Energy Efficiency, New York, Renewable Energy / Tagged , , | Read 1 Response

EDF-Led Public-Private Coalition a Model for Cities around the World

Abbey BrownBy now you might have heard the story.  Andy Darrell and his fellow colleagues in EDF’s New York office were staring out the window of their office near Gramercy Park several years ago when they noticed thick plumes of black smoke rising from a nearby building.  As New York regional director of the Environmental Defense Fund and a member of outgoing Mayor Bloomberg’s PlaNYC Sustainability Advisory Board, it struck Andy that they could actually do something about it.  Embarking on a plan that aimed to phase out the City’s dirtiest heating oils, the successful EDF-led NYC Clean Heat campaign was born.

This story officially entered New York City environmental lore when New York Magazine included it in the annual Reasons to Love New York issue as “Reason 19. Because Our Air Is the Cleanest It’s Been in 50 Years.”  The recent article describes the public-private coalition of city officials, lawmakers, non-profits and private sector banks that came together for a $100 million financing program that would help building owners make the transition to cleaner fuels.  The result: around 3,000 buildings have converted to cleaner fuels, which has been the primary driver in reducing sulfur-dioxide pollution by nearly 70 percent. Read More »

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EDF’s Energy Efficiency Protocols Gain Traction

By: Matt Golden, Senior Energy Finance Consultant, Environmental Defense Fund

Source: Spark Energy

Source: Spark Energy

Environmental Defense Fund’s (EDF) Investor Confidence Project (ICP) aims to bring transparency and accountability to the energy efficiency market by introducing a system of standardization. Traditionally, most energy efficiency analyses are done by the companies selling retrofit services to commercial building owners and investors, resulting in biased results that do not always ensure return on investment (ROI).  Additionally, inconsistencies in the methodology for arriving at these ROI metrics have created barriers to standardizing a measure of success for energy retrofits.

For the first time, ICP’s Energy Performance Protocols were used to leverage financing for a $2 million office building retrofit in Bridgeport, Connecticut.  This new model could accelerate the vast potential of energy efficiency retrofits in commercial buildings.

ICP’s protocols have been developed with broad stakeholder participation including engineers, industry allies, financial market participants, insurers, regulators and utilities.  The protocols aim to significantly increase stakeholder confidence in the resulting savings by: Read More »

Posted in Energy Efficiency, Investor Confidence Project / Tagged | Read 1 Response

New Sustainable FERC Website Charts Progress to Clean, Low-Carbon Energy

Elizabeth Stein Photo2The Sustainable FERC Project, a coalition of environmental and clean energy organizations, launched its new website today: www.sustainableFERC.org.  The site will inform the public and policymakers about the coalition’s efforts to increase the amount of clean, low-carbon energy powering the nation’s electric grid, which focus on the Federal Energy Regulatory Commission (FERC) and the regional entities regulated by FERC.

FERC is a federal agency whose activities include regulation of transmission and wholesale sales of electricity in interstate commerce.  Working on behalf of its coalition partners, the Sustainable FERC Project develops and advocates for federal policies and regional implementation and practices that will give rise to a cleaner, more efficient energy system. The coalition’s top priorities include removing the barriers to getting clean energy on the transmission grid, maximizing the use of energy efficiency in planning and facilitating a transition to a cleaner energy future.

Source - Windpower Engineering Development

Source – Windpower Engineering Development

EDF’s work as a member of the Sustainable FERC Project coalition complements our own Smart Power Initiative, which is working, primarily through state-level advocacy, to change the trajectory of the U.S. electricity system to help avoid dangerous climate change through smart power policies and clean energy investments.  The Smart Power Initiative focuses on ensuring that the right state policies are in place to allow for better integration of clean energy resources into the power grid.

Optimizing the environmental performance of the U.S. electric grid – which is sometimes called the “largest machine on the planet” – requires environmentally-sound policies and practices at all levels to drive system planning and operation.  The new website (www.SustainableFERC.org) will feature issue analysis, coalition comments filed with FERC and regional grid organizations and links to blogs written by representatives from the coalition.  It should become a go-to site for those wanting to deepen their understanding of environmentally-important smart grid developments in the federally-regulated portions of the U.S. electric system.

Posted in Energy Efficiency, Grid Modernization / Tagged , , | Comments are closed