Tag Archives: Bank of America

Renewable Energy Prices Hit Record Lows: How Can Utilities Benefit From Unstoppable Solar And Wind?

By Silvio Marcacci, Communications Director at Energy Innovation

Over the last decade, wind energy prices have fallen 70% and solar photovoltaics have fallen 89% on average, according to Lazard’s 2019 report. Utility-scale renewable energy prices are now significantly below those for coal and gas generation, and they’re less than half the cost of nuclear. The latest numbers again confirm that building new clean energy generation is cheaper than running existing coal plants.

In other words, it is now cheaper to save the climate than to destroy it. Capacity installation trends reflect this economic reality, with new wind and solar generation coming online at a breakneck pace. Wind power capacity in the U.S. has more than doubled since 2010 and reached nearly 100 GW in 2018. Read more here.

ØRSTED NEWS

Global 100 Index: Ørsted Is the World’s Most Sustainable Company, Ørsted News Release, CSR Wire
Having completed a fundamental business transformation from fossil fuels to renewables over the past decade, Ørsted urges all countries and companies to reduce their carbon emissions to help limit global warming to 1.5°C. The global leader in offshore wind outperformed more than 7,300 global companies with billion-dollar revenues to rank #1 in Corporate Knights’ 2020 index of the Global 100 most sustainable corporations in the world. Ørsted becomes the first-ever energy company to top the index.

Previously Posted

100% CLEAN ENERGY NEWS – PLUS NEBRASKA DATA

MICROSOFT’S NEW CARBON NEGATIVE PLAN

How Microsoft’s new carbon-negative plan will test the idea of a climate economy, CNBC
Microsoft’s plan to make up for every bit of carbon it has put into the atmosphere since it was founded in 1975 will require a mix of old and new solutions. 100% renewable electricity by 2025, electric vehicles on campuses and alternate sources of business travel are familiar pledges. But soaking up all the carbon in the air already is a new corporate goal and will require novel technology, such as direct air capture. Microsoft is counting on everything from planting massive numbers of trees to soak up carbon and using technologies to capture carbon and sequester it in soil — burying it, essentially — to more exotic technologies.

EV NEWS

Tesla can sell vehicles in Michigan under legal settlement, Associated Press News
Tesla will be able to sell and service its vehicles in the backyard of Detroit’s three automakers under a lawsuit settlement, a person briefed on the matter says. The deal between the state of Michigan and Tesla is likely to be announced Wednesday, said the person, who asked not to be identified because terms of the deal have not been made public.

FEATURED NATIONAL INITIATIVE

SolSmart is a national designation program recognizing cities, counties, and regional organizations that foster the development of mature local solar markets. The program is led by the International City/County Management Association and The Solar Foundation.

To help communities achieve designation, SolSmart provides no-cost technical assistance from a team of national experts who work to evaluate programs and practices that impact solar markets, and identify high-prospect opportunities for improvement. A select number of communities also hosted SolSmart Advisors: fully-funded, experienced staff who work in communities for periods of up to six months. All cities, counties, and regional organizations are eligible to join SolSmart and receive no-cost technical assistance to achieve designation.
Learn more: Why Should You Apply?
Meet the SolSmart team

Lincoln, Nebraska SolSmart Gold Designee
City Receives National Recognition for Promoting Solar Energy, City of Lincoln Mayor’s Office News Release, September 9, 2019

How a Big Bank Fueled the Green Energy Boom

By Matthew Heimer, Fortune Magazine

[Green] bonds were the brainchild of dealmakers at Bank of America—the $87 billion, 209,000-employee giant that occupies the No. 3 spot on Fortune’Change the World list this year. Their work is part of BofA’s $125 billion Environmental Business Initiative, a campaign that has established the Charlotte based bank as a powerhouse in “climate finance”—the unglamorous but essential business of steering investor capital into the low-carbon economy. Green bonds, which the bank all but invented, have raised $442 billion worldwide since 2013, helping borrowers both tiny (the Antioch, Calif., Unified School District) and enormous (trillion-dollar Apple) pay for renewable-energy innovations. Read more here.

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