By Gavin Bade, Utility Dive
Before the Paris climate talks kicked off, Rachel Cleetus, lead economist at the Union of Concerned Scientists, had a message for utilities: Pay attention to the long-term decarbonization goals because they will shape your investments today.
The idea is that even if an investment, like a gas plant or a pipeline, looks good in today’s regulatory environment, utilities need to think about where policy and regulation will likely move in the future. Because power sector assets generally last for decades, the decisions that utilities make today will shape their abilities to decarbonize years down the line . . . “If you become part of the solution — if you move early toward a cleaner energy mix — that’s going to put you in a more profitable and more responsible business frame.”
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