Smart Cities Dive guest post by Cameron Bard, senior director for market development at DSD Renewables and adjunct faculty instructor at New York University’s Center for Global Affairs.
To fully realize our shared climate goals and rapidly rebuild our economy, we must prioritize and enact policies to accelerate the national transition from fossil fuels to clean energy. The good news is, even amidst the most unprecedented time in generations, we know how. Outlined below are four strategies to create a healthier and more equitable economy, with real-world examples of where and how they’ve already been implemented. Read more here.
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ARTICLES BY ZACHARY SHAHAN
FEDERAL RESERVE HIGHLIGHTS CLIMATE RISKS TO U.S. ECONOMY
The Federal Reserve’s new signals on climate change and risk. NRDC article by Sarah Dougherty, Senior Green Finance Manager. Republished by GreenBiz.
While the Trump administration continues to ignore the danger of climate change, a surprising new actor has broken out to take it seriously: the Federal Reserve System. The Fed, the U.S. central bank, has moved from irregular mentions to a concerted effort to roll out a spate of new ideas and endeavors that highlight the risks of climate change to our financial system. As part of this effort, in recent weeks the Fed has:
- Included climate change as a risk to the economy in its biannual report for the first time;
- Discussed its essential behind the scenes work on climate change that will enable the Fed to move much more quickly into the next stages of action; and
- Testified to Congress that they asked to join a group of banks that are working to ensure the financial system meets the goals of the Paris Agreement on climate change.
Previously Posted: In first for Fed, U.S. central bank says climate poses stability risks, Reuters
ENERGY STORAGE ASSOCIATION
What the US energy storage industry could look like under Biden-Harris, Energy Storage News
In an exclusive first interview for international press since the elections, Energy-Storage News speaks with CEO Kelly Speakes-Backman about the Energy Storage Association’s hopes, ambitions and policy asks as 2021 begins to come into view.
MORE ORGANIZATIONS & ALLIANCES LEADING AMERICA’S ENERGY TRANSITION
American Clean Power Association
The American Clean Power Association works to champion policies that will transform the U.S. power grid to a low-cost, reliable and renewable power system. By uniting the power of wind, solar, transmission and storage companies, along with manufacturers and construction companies, developers and owners/operators, utilities, financial firms and corporate purchasers, our goal is to make renewables the dominant energy source in the United States. Previously Posted: AWEA Introduces New Trade Group, the American Clean Power Association, Greentech Media
Clean Power For America
Clean Power for America is leading a nationwide movement to support the smarter, fairer energy policies we need to unleash the promise of renewable energy. Clean Power for America is a project of the American Wind Energy Association.
Food and Agriculture Climate Alliance
The Food and Agriculture Climate Alliance consists of organizations representing farmers, ranchers, forest owners, the food sector, state governments and environmental advocates. Read the Alliance’s full recommendations – They cover six areas of focus: soil health, livestock and dairy, forests and wood products, energy, research, and food loss and waste. The alliance welcomes additional members. Email firstname.lastname@example.org with questions about membership or climate policy recommendations.
Renewable Energy Buyers Alliance
The Renewable Energy Buyers Alliance (REBA) is an alliance of large clean energy buyers, energy providers, and service providers that is unlocking the marketplace for all non-residential energy buyers to lead a rapid transition to a cleaner, prosperous, zero-carbon energy future. REBA was founded on the premise that large energy buyers have a unique voice and the collective power to drive market change. Now Available for REBA Members: The Accelerating the Decarbonization Impact of Energy Procurement Primer. Download a preview.
U.S. Climate Alliance
The United States Climate Alliance is a bipartisan coalition of 25 governors committed to reducing greenhouse gas emissions consistent with the goals of the Paris Agreement. The Alliance represents 55 percent of the U.S. population and an $11.7 trillion economy – an economy larger than all countries but the United States and China. The climate and clean energy policies in Alliance states have attracted billions of dollars of new investment and helped create more than 1.7 million clean energy jobs, over half the U.S. total. Independent analysis highlighted in the Alliance’s 2019 Annual Report shows that Alliance States are not only outpacing non-Alliance states in reducing their emissions, they are also growing their economies at a faster pace. Download Fact Sheet.
We Are Still In
Over the past four years, nearly 4,000 U.S. cities, states, tribal nations, businesses, universities, health care organizations, faith groups, and cultural institutions have formed the largest American coalition in support of climate action in history. These local leaders come from all fifty states and represent over half of the U.S. population, nearly two-thirds of its economy, and more than half of the country’s emissions. They are backed by over two-thirds of Americans who have consistently supported U.S. participation in the Paris Agreement.
Together, they have been guided by the knowledge that bold climate action will make our economy stronger and our nation more resilient to the impacts of climate change. They understand that the pursuit of a clean energy future will help us recover from COVID-19 and the resulting economic crisis, while providing us our best opportunity to address systemic inequities that have forced vulnerable communities to bear the brunt of climate impacts and environmental injustice.