Tag Archives: corporate renewable energy procurement

Arizona commission signals support for 100% clean energy by 2050

By William Driscoll, PV Magazine

Arizona could join 16 other states and territories that have targets of 100% clean or renewable electricity by 2050 or sooner. Thirty-two groups in Arizona have called for 50% renewables by 2030Read more here.

GRID INFRASTRUCTURE NEWS

Smooth sailing so far for planned Iowa-Illinois underground power line, by Karen Uhlenhuth, Energy News Network

A high-voltage underground transmission line proposed to cross Iowa and Illinois is moving ahead without the landowner opposition that has dogged overhead transmission lines in the region. The SOO Green HVDC Link, which would span 349 miles from Mason City, Iowa, to a connection with the PJM grid at Yorkville, Illinois, has encountered no major objections at the four public meetings that have been held in Iowa and Illinois, according to project spokeswoman Sarah Lukan.

TRI-STATE 

Colorado expedites Tri-State member exit charge case, as power supplier gets ‘split decision’ on FERC jurisdiction, Utility Dive

The Federal Energy Regulatory Commission (FERC) on March 20 accepted tariffs filed by Tri-State Generation and Transmission, meaning the agency will now have authority over wholesale rates for the cooperative’s member distribution utilities in New Mexico, Colorado, Wyoming and Nebraska. In a separate order, FERC determined it does not have exclusive jurisdiction over member exit charges, allowing complaints by La Plata Electric Association (LPEA) and United Power pending before the Colorado Public Utilities Commission (COPUC) to move forward. 

CORPORATE RENEWABLE ENERGY PURCHASING

Corporate renewable energy in the age of COVID-19, by Sarah Golden, Senior Energy Analyst & VERGE Energy Chair, GreenBiz Group 

“Large energy buyers signed onto 9.33 gigawatts of renewable energy deals in 2019 and they want those projects to come to fruition,” REBA’s CEO, Miranda Ballentine, wrote in an email. “We do expect for company interests and commitments to clean energy to remain strong given they are tied to broader corporate energy goals and emissions reductions targets.”

NET METERING

Which states offer net metering?, by Kelly Pickerel, Editor In Chief, Solar Power World

Congratulations. If you live/work in one of these 34 states, D.C., or four territories, you are able to take advantage of net metering credits in some form. View the database on DSIRE for more details about your specific region.

Net Metering – Nebraska
System Capacity Limit: 25 kW

Net Metering – Iowa
System Capacity Limit: 1 MW

ADDITIONAL PV MAGAZINE POSTS

ZEV PROGRAM 

Statement: Victory! Washington adopts Zero Emission Vehicle program, Environment America
Washington Gov. Jay Inslee today signed the Zero Emission Vehicle (ZEV) program into law. The move takes aim at reducing ozone pollution and greenhouse gas emissions and makes Washington the 12th state to adopt the ZEV program. With this new law, Washington joins the entire West Coast as part of this critical program to get more electric cars on the road. Under ZEV, the Evergreen State will deploy hundreds of thousands of electric vehicles over the next decade. 

PROJECT DRAWDOWN UPDATE

Aggressive action to address climate change could save the world $145 trillion, Yale Climate Connections. A respected research group, Project Drawdown, finds that deploying solutions consistent with meeting the Paris climate targets would cost tens of trillions of dollars globally. But crucially, those outlays would also yield long-term savings many times larger than the up-front costs.

FEATURED WEBINAR LIBRARY

Smart Electric Power Alliance (SEPA) on-demand webinars: Many of them are free.

FEATURED BOOK

Grassroots Rising: A Call to Action on Climate, Farming, Food, and a Green New Deal, Chelsea Green Publishing

Grassroots Rising offers a blueprint for building a grassroots Regeneration Movement based on consumer activism, farmer innovation, political change, and regenerative finance—embodied most recently by the proposed Green New Deal in the US.

Using regenerative agriculture practices that restore our agricultural and grazing lands, we can sequester massive amounts of carbon in the soil. Coupled with an aggressive transition toward renewables, Cummins argues that we have the power to not only mitigate and slow down climate change, but actually reverse global warming.

LONGi joins the Global Initiative RE100; commits to 100% renewable power across its entire global operations by 2028

LONGi News Release, PR Newswire

LONGi Green Energy Technology Co., Ltd (hereinafter referred to as “LONGi”), the world’s leading solar technology company, announced that it has officially joined the global RE100 initiative led by The Climate Group in partnership with CDP, on March 12th, 2020. LONGi commits to sourcing 100% renewable electricity across its entire global operations by 2028 with an interim target of 70% by 2027.

The global RE100 initiative aims to unite Global Fortune 500 companies such as Apple, Google, Facebook, Coca-Cola, Microsoft, Philips and Goldman Sachs, to the committed goal of 100% renewable energy in the shortest possible timeframe. In order to achieve this climate goal, each company in the RE100 will commit to source 100% of the electricity used across their global operations from renewable energy. Continue reading here.


228 RE100 companies have made a commitment to go ‘100% renewable’. Read about the actions they are taking and why here.

ADDITIONAL RECOMMENDED READING

GREENTECH MEDIA PODCAST

Watt It Takes: Turning Real Estate Into Clean-Power Assets
This week on Watt It Takes: Powerhouse CEO Emily Kirsch sits down with Robyn Beavers, the co-founder and CEO of Blueprint Power. Blueprint works with real estate companies to turn their buildings into clean energy power plants. Blueprint developed software that helps building owners optimize their use of co-generation, fuel cells, solar or batteries.

BUILDING INTEGRATED PV (BIPV)

GAF Energy, part of the world’s largest roofer: The time is now for building integrated PV and solar roofs, PV Magazine

Martin DeBono, president of GAF Energy, part of the world’s largest roofing company, thinks that the time is now for building integrated PV (BIPV). He told PV Magazine: “You have the backing of GAF — a 100-year old company and the world’s largest roofer.” He added, “I can assure you — without naming names — the largest solar companies in the U.S. are getting into roofing. I think that Tesla has it absolutely right. They’re playing the long game, as are we. The industry will evolve from rack-mounted to BIPV.”

OF POTENTIAL INTEREST TO NEBRASKA MANUFACTURERS

EPA encourages manufacturers to save energy, Yale Climate Connections
More than 1,000 plants have signed up for the Energy Star Challenge for Industry.

RECOMMENDED VIEWING

Seven of the best new documentaries about global warming, Yale Climate Connections
The films screened at the recent Wild & Scenic Film Festival. Throughout these diverse pieces was a common probing of the disproportionate impacts of climate change on the health and wellbeing of indigenous communities, people of color, and economically disadvantaged individuals.

NEW APPA INFOGRAPHIC: ENVIRONMENTAL RESPONSIBILITY 

 

What makes a utility environmentally responsible?, American Public Power Association

Environmental responsibility is a key cornerstone of public power. In meeting this, utilities fulfill a variety of roles, such as:

 

SOLAR RECYCLING 

Washington State Passes Bill That Will Improve Solar Recycling Program, Solar Power World
This week the Washington State House and Senate passed a bill that will update the state’s solar recycling policy. This bill will inform the final design and adoption of a comprehensive solar recycling program that is data-driven and considers the lifespan of modules that can last up to 50 years in the field.

GLOBAL NEWS

Report Ranks States for Corporate Clean Energy Procurement

Retail Industry Leaders Association News Release

The Retail Industry Leaders Association (RILA) has released the 2020 update to the Corporate Clean Energy Procurement Index. This groundbreaking study, first undertaken in 2017, shows how some states have improved their rankings by enacting common sense policies regarding domestic clean energy production and therefore are more likely to attract new business development, creating thousands of jobs in their communities. The updated analysis released today by RILA ranks all 50 U.S. states based on the ease with which America’s most recognizable brands can procure state-level renewable energy for their operations.

The Corporate Clean Energy Procurement Index: 2020 State Leadership & Rankings notes that more than 22 GW of corporate renewable energy deals have been announced in the U.S. since 2008, with over 13.5 GW of purchases announced in 2018 and 2019 alone, according to the Renewable Energy Buyers Alliance (REBA). Retail and tech companies such as Amazon, Apple, Facebook, Google, Microsoft, Target and Wal-Mart are among nearly half of the Fortune 500 companies seeking to locate operations in states with access to clean energy production due to cost effectiveness, fossil fuel price volatility and pollution concerns. The index is intended to inform business leaders and guide state policymakers hoping to attract new job-creating businesses and foster economic growth. Read more here.

Retail Industry Leaders Association (RILA) members include more than 200 retailers, product manufacturers, and service suppliers, which together account for millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centers domestically and abroad.

Included in the report:

  • Nebraska ranks 25th on RILA’s Corporate Clean Energy Procurement Index.
  • Illinois took the overall top position for 2020.
  • Other state rankings include:
    Ohio: 12
    Iowa: 14
    South Dakota: 26
    Minnesota: 27
    Indiana: 30
    Michigan: 31
    Missouri: 34
    North Dakota: 38
    Kansas: 40
    Wisconsin: 41
  • In the Third-Party Purchasing Category: South Dakota and Nebraska jumped from #39 in 2017 to #1 and #8 respectively.

Can The US Wind Industry Beat The Coming Headwinds?

Forbes article contributed by Joshua Rhodes, Senior Energy Analyst,
Vibrant Clean Energy LLC in Boulder, Colorado

This is the second installment of a multi-part series.
Rhodes’ first article in the series: The Future Of US Solar Is Bright

The US wind industry currently supports over 110,000 jobs and, in 2018, about $11 billion was invested in new wind projects in the US. There are currently over 57,000 wind turbines in the US, totaling over 100,000 MW of total capacity. In 2018, wind provided about 6.5% of all US electricity generation, and year after year wind-heavy grids such as the Southwest Power Pool and the Electric Reliability Council of Texas break records for the amount of wind instantaneously meeting demand on the system. As of 2019, these records stand at almost 67% and 56%, respectfully.

The deployment of wind has been fast and furious and the US Bureau of Labor Statistics estimates that “wind turbine service technicians” will be in high demand over the next decade and will be the second-fastest growing job in the US — for those not afraid of heights. Read more here.

Northeast Community College
Northeast Community College in Norfolk is the only institution in Nebraska offering an Associate of Applied Science degree in wind energy. Learn more about Northeast’s wind technology degrees and programs and watch a brief video, Northeast Wind Energy Program, here.

Photo Credit: Northeast Community College

ADDITIONAL RECOMMENDED READING

  • Why One Solar Power Project In South Dakota Will Rule Them All, CleanTechnica
    The developer, Germany-based Wircon GmbH, is planning on a $100 million payout for 500,000 solar panels and $15 million on an underground connector cable, all up and running by 2021 under the name of Lookout Solar Park. Look out, indeed. The new solar power plant represents a 180-degree turnaround for South Dakota. As recently as 2018, South Dakota ranked dead last for solar power among all 50 states and Puerto Rico.
  • Renewable energy production could exceed coal generation by next year, Buffalo Bulletin
    Led by solar and wind, renewable generation could produce as much as 21.6% of the nation’s electricity by 2021 — beating out coal at 20.8%, according to new projections published last month by the U.S. Energy Information Administration. “That’s not a surprise,” University of Wyoming economist Rob Godby said in response to the data agency’s latest forecasts. “While a lot of people still aren’t aware of it, renewables are really the cheapest and most promising form of new energy generation in most places.”
  • 8minute Solar Energy: ‘Every Project’ Could Have Built-In Storage, Greentech Media
    A year after a leadership shakeup, 8minute has more projects in more states — and a record for solar-and-storage pricing.
  • Omaha-based Tenaska in the news here: IMPA Grows Toward More Sustainable Energy, Inside Indiana Business. IMPA is a nonprofit organization whose members include municipally-owned electric utilities. They provide power to 61 communities in Indiana and Ohio.
  • WoodMac: Lifting US Import Tariffs Would Knock 30 Percent Off Solar System Prices, Greentech Media. Solar system prices dropped 90 percent over the last nine years, but the decline was tempered by American trade tariffs, leaving U.S. prices 45 percent above those in Europe and Australia, according to new research from Wood Mackenzie Power & Renewables.

REBA NEWS

Renewable Energy Buyers Alliance Announces Top 10 U.S. Large Energy Buyers in 2019, News Release
The Renewable Energy Buyers Alliance (REBA), has announced the release of its Deal Tracker highlighting 2019’s Top 10 Large Energy Buyers, topped by Facebook with the procurement of 1.546 gigawatts (GW). The REBA Deal Tracker showcases total announcements of 9.33 GW of renewable energy in the U.S. and a shift in the energy landscape driven by the demand for accessible clean energy options. “Well over half of all energy consumption comes from the commercial and industrial (C&I) sector, so it is increasingly important that large energy buyers are identifying opportunities to reduce emissions,” said Miranda Ballentine, CEO, REBA.

TRIBAL CLIMATE ACTION PLANS 

Indigenous tribes are at the forefront of climate change planning in the U.S., Grist
According to a database maintained by the University of Oregon, at least 50 tribes across the U.S. have assessed climate risks and developed plans to tackle them. With more than 570 federally recognized tribes controlling 50 million combined acres, these adaptation plans could prove a crucial element in building resilient communities that can thrive despite weather-related catastrophes and changes to the natural environment.

Tribal Climate Adaptation Guidebook

DIVESTMENT NEWS

Harvard Faculty Vote in Favor of Divestment 179-20, The Harvard Crimson
The vote marks the culmination of a fourmonthlong debate in faculty meetings over the proper role of the University in combating climate change. Ultimately, 179 faculty members supported a motion in favor of divestment, while just 20 voted to oppose it. Faculty supporters who spoke at the meeting argued that Harvard should be at the forefront of an international divestment movement.

Harvard’s Climate Action Plan

Opinion: Investment in Missouri lowers electricity bills and creates jobs for residents

Contributed by Lee Barker, The Missouri Times

Missourians do not like living paycheck to paycheck paying high utility bills and soon many won’t have to. The Grain Belt Express Transmission Line will lower the cost of utility bills to dozens of communities throughout the state. When built, the Grain Belt Express will deliver low-cost wind and solar power from Kansas to Missouri, Illinois, and Indiana. In Missouri, the line will span eight counties delivering at least 500 megawatts of low-cost energy (and probably much more). Read more here.

Lee Barker is the former city administrator for Higginsville, Missouri.

ALSO OF POTENTIAL INTEREST

In an American Wind Energy Association session moderated by Dave Price, political director of WHO-TV and carried live by Politico, the panelists said they hope to see Iowa’s already strong wind industry — one of the largest in the nation — double or triple its size in the next couple of decades.

SOLAR WITH JUSTICE REPORT

The sun shines for all: Community solar for low-income populations, by Meena Dayak, American Public Power Association. The Solar with Justice report from the Clean Energy States Alliance notes that participation in the solar economy can help ease the disproportionate social and economic burdens that low- to moderate-income households bear by helping to reduce electricity bills, provide jobs, and build sustainable communities. “Solar can also make decision-making more democratic by giving residents of under-resourced communities more control over their energy choices,” the report states.

ENERGY STORAGE

LOCAL CLIMATE SOLUTIONS

Look Locally For Solutions to Climate Crisis, Guest Column, Hibbing Daily Tribune
Recently we had the chance to visit a factory producing solar panels, and to hear about grassroots clean energy projects popping up all over northeastern Minnesota. The “we” was a group of about two dozen people from Duluth and the Iron Range. We were participating in an event on January 7 called Let There Be Light: Solar Initiatives Close to Home. 

WISCONSIN’S SOLAR SCHOOLS PROGRAM

Wisconsin Schools Asked To Plan For Solar Projects, Wisconsin Public Radio
The Solar on Schools program is asking K-12 schools in Wisconsin to consider installing solar panels as part of their energy mix. The program wants to attract 100 schools in the next four years to install the renewable energy source. The program is a joint venture between the Coulliard Solar Foundation in Deerfield and the Midwest Renewable Energy Association based in Custer. 

CARBON-NEUTRAL CAMPUS CELEBRATES ACHIEVEMENT

Colorado College achieves decade-long goal of carbon neutrality, The Gazette
In 2007, Colorado College sophomore David Amster-Olszewski circulated a petition that 70% of the school’s 2,000 students signed in 10 days, calling for the campus to commit to reaching carbon neutrality. Two years later, the campus set 2020 as the date to eliminate greenhouse gas emissions from certain campus operations and use renewable energy sources. On Jan. 24, the college celebrated the realization of that goal.

SAVING ENERGY & MONEY

Alliant Energy study uses artificial intelligence to hunt down phantom power, target waste, Wisconsin State Journal. A 2015 study by the Natural Resources Defense Council (NRDC) estimated nearly a quarter of all household electricity use in the United States is consumed by appliances and other equipment in standby mode. Over the course of a year, that can add up to more than $300 worth of electricity for the average Wisconsin household and the equivalent output of 50 large power plants. Using off-the-shelf Sense home monitoring devices powered by artificial intelligence, the Madison-based utility and the consulting firm Cadmus determined most customers can cut their overall use by 9% just by tracking down and eliminating some of this phantom load.

ELECTRIC & SELF-DRIVING CARS

GM commits to $2.2 billion investment and 2,200 jobs at Detroit-Hamtramck Assembly, Detroit Free Press. The automaker said Monday the plant will provide 2,200 jobs as it shifts to become the company’s first all-electric vehicle plant. Detroit-Hamtramck will start production of an all-electric pickup in late 2021, then build the Cruise Origin, an all-electric self-driving car.

CORPORATE RENEWABLE ENERGY PROCUREMENT

Rhode Island Gov. steers state toward 100% renewable electricity by 2030

Environment America News Release

PROVIDENCE, R.I. — The rapidly growing group of states looking to thwart climate change by adopting 100% renewable energy policies has a new member. Rhode Island Gov. Gina Raimondo signed an executive order establishing the goal of meeting all of the state’s electricity needs with renewable energy by 2030. The state’s Office of Energy Resources is now tasked with creating a plan to meet the governor’s goal, and a complete analysis is expected by the end of the year. Continue reading here.

Environment America’s Goal: Convince 10 states, 50 college campuses and key cities to go 100% renewable. Learn more here.

 ADDITIONAL RECOMMENDED READING

ENERGY STORAGE

EV NEWS

ANNOUNCING NEW SMART PHONE GAME

Morgan Stanley expects a surge of renewables, coal retirements

By Ethan Howland, American Public Power Association

Partly driven by falling renewable energy prices, at least 70,000 megawatts of coal-fired capacity could be shuttered this decade, on top of the 24,000 MW that is already set to retire, according to Morgan Stanley & Co. “We are at the start of a ‘second wave’ of renewables deployment and coal plant retirements, led by utilities that have historically not been leaders in decarbonization,” analysts with the investment firm said in a report released in December. Replacing coal with renewables could save consumers $3 billion to $8 billion a year, according to the report, The Second Wave of Clean Energy. It also represents a renewable energy investment opportunity of $93 billion to $184 billion, the analysts said. Read more here. 

IOWA CITY SCHOOLS’ CLIMATE ACTION PLAN

NEWS FROM OTHER STATES

CORPORATE CLEAN ENERGY PROCUREMENT

Clean Energy Deal Tracker: Don’t say Amazon isn’t doing anything — international PPAs on the rise, GreenBiz. Here are five trends and notable developments based on last quarter’s clean energy procurement deals. 

REGENERATIVE FARMING / REGENERATIVE ENERGY

NEW OPPORTUNITY ZONES TOOL

U.S. Economic Development Administration And Indiana University Launch New USA Opportunity Zones Tool, EDA January 2020 Newsletter

On January 14, EDA and Indiana University’s Kelley School of Business announced the launch of the USA Opportunity Zones tool. This new web-based tool will help local economic and community developers, investors, the more than 390 EDA-designated Economic Development Districts (EDDs), and others across the nation better target private investment to Opportunity ZonesAs economic development practitioners build their five-year Comprehensive Economic Development Strategies (CEDS), incorporating Opportunity Zones is a new and promising tool for further enhancing economic growth.

Target Has Installed 500 Solar Power Systems

By Johnna Crider, CleanTechnica

In 2015, Target, one of the top US corporate solar power installers for 5 straight years, according to the Solar Energy Industries Association (SEIA), committed to achieving 500 solar power installations by 2020. In December of 2019, Target announced that it reached its goal (a little bit ahead of schedule). Target completed its 500th rooftop solar installation in California, appropriately enough considering that it is the #1 state in the country for solar power. Read more here.

FEATURED INITITIVES


RE 100: 221 RE100 companies have made a commitment to go ‘100% renewable’. Read about the actions they are taking and why.

The Renewable Energy Buyers Alliance (REBA) is a membership association for large-scale energy buyers seeking to procure renewable energy across the U.S. REBA’s membership of over 200 includes stakeholders from across the commercial and industrial sector, non-profit organizations, as well as energy providers and service providers. Their goal is to catalyze 60 gigawatts (GW) of new renewable energy projects by 2025 and to unlock the energy market for all large-scale energy buyers by creating viable pathways to procurement.

ALSO IN THE NEWS

Demand from first-time, repeat buyers powers new era of large-scale renewables growth

By Monica JaburgDeputy Director, Communications and Media,
Renewable Energy Buyers Alliance. Published by GreenBiz.

Large-scale energy buyers are driving the energy landscape shift by collectively voicing their demand for accessible clean energy options to decrease their carbon impacts. In 2018 alone, the group accounted for 6.3 gigawatts in announced renewable energy deals — an amount equal to over 60 percent of all new renewables generation added in the United States last year.

However, the U.S. commercial and industrial sector is still the most energy-intensive, accounting for about 50 percent of all power consumption and 34 percent of all greenhouse gas (GHG) emissions. So what’s next for this community when it comes to advance its clean energy and GHG emissions reduction mandates? Read more here.

ADDITIONAL RECOMMENDED READING

TRI-STATE NEWS

IN NEBRASKA

  • Excelsior to buy 109 MW of Nebraska wind capacity from Invenergy, Renewables Now
    Prairie Breeze II and Prairie Breeze III initiated operations in late 2015 and early 2016, respectively. They have 25-year power purchase agreements (PPA) in place with Lincoln Electric System and City of Grand Island. The transaction is seen to be completed next month. Bank of America Merrill Lynch is the tax equity investor in the projects, the announcement says.
  • Wind costs’ decline aids rural Nebraska, Letter to the Editor, Lincoln Journal Star, by Cody Smith, Ames, Iowa Policy associate, Center for Rural Affairs

OF POTENTIAL INTEREST TO NEBRASKA SOLAR BUSINESSES

Solar Jobs Census: The Solar Foundation is again collecting data for their annual National Solar Jobs Census. This confidential survey will take fifteen minutes of your time and will provide essential feedback to ensure that your company’s contributions to our economy are well
understood by policymakers and the general public. Deadline: November 15, 2019.
Complete the survey here.

LEGISLATION

  • SEIA garners industry support and lobbies for ITC extension, Solar Power World
    Solar contractors are on a time crunch to fit as many installations into 2019 as they can, because in 2020 the solar Investment Tax Credit (ITC) starts to lose its effectiveness. The ITC is a federal tax subsidy that, in its current capacity, gives solar system owners a 30% return on a solar project’s total tax liability in any market segment. In 2020 the ITC is slated to drop to 26%, 22% in 2021 and in 2022 it will decrease to a 10% subsidy for commercial and utility markets, and zero for residential, indefinitely. That is, unless, the renewables subsidy receives another extension. SEIA’s Campaign: Defend the Solar ITC
  • Legislation aims to accelerate geothermal energy development, American Public Power Association

EV NEWS

GM sells shuttered Ohio plant to EV truck start-up, Reuters

INSIDE CLIMATE NEWS – EXXON TRIAL

Exxon’s Climate Fraud Trial Nears Its End: What Does the State Have to Prove to Win?
With only days left before the two sides deliver their closing arguments, here’s a look at what the attorney general needs to prove and how Exxon is fighting the claims.

See Also

Previously Posted

Yale University Survey: Yale Poll Finds Majority of Americans Think ExxonMobil, BP, Chevron and Other Fossil Fuel Companies Should Pay for Climate Change Damage, Union of Concerned Scientists Blog. new survey by Yale University’s Program on Climate Change Communications and supported by the Union of Concerned Scientists (UCS) finds that most Americans (57 percent) think fossil fuel companies should pay for the damages caused by global warming.

Interactive Map – Click link and scroll down: This tool maps variations in Americans’ opinions about existing or potential lawsuits against fossil fuel companies.

Nebraska Data

  • A search by state shows that 50% of Nebraskans surveyed hold fossil fuel companies responsible for the local damage of global warming.
  • Several searches by county show the following results:

Cherry County: 58%
Colfax County: 56%
Dawes County: 57%
Douglas County: 56%
Lancaster County: 55%
Thurston County: 61%

Low-carbon cities are a $24 trillion opportunity

By Leah Lazer, Catlyne Haddaoui, and Jake Wellman, GreenBiz

A new report from the Coalition for Urban Transitions, “Climate Emergency, Urban Opportunity,” finds that low-carbon cities can reduce emissions while offering tremendous economic opportunities. Researchers found that investing in 16 low-carbon measures in cities could cut global urban emissions by 90 percent by 2050 and has a net present value of almost $24 trillion, equivalent to nearly one-third of the global GDP in 2018. This means that between now and 2050, the total benefits of these investments will exceed their total costs by almost $24 trillion. Broken down by years, an average annual investment of $1.8 trillion (about 2 percent of global GDP in 2018) would yield returns of $2.8 trillion per year by 2030, and $6.9 trillion per year by 2050. Read more here.

Photo Credit: Keith J. Semmelink / Flickr – Omaha skyline

ALSO IN THE NEWS

CORPORATE NEWS

REPORT: UTILITIES’ SELF-SCHEDULING COSTS FOR RATEPAYERS

Inefficient coal plant scheduling cost ratepayers $3.5B from 2015 to 2017, report says, by Catherine Morehouse, Utility Dive. Regulated utilities cost ratepayers over $3.5 billion from 2015 to 2017 through uneconomic coal practices, according to a report released Tuesday from the Sierra Club. Vertically-integrated utilities consistently operated coal units based on their own scheduling rather than relying on market signals to determine when running that plant would be most economic, the report found. The practice, known as self-scheduling, became common when there were fewer cost-effective alternative resources, but now hinders the ability of other resources, wind and solar, to compete in power markets, research has previously found.

GLOBAL COAL DIVESTMENT

Over 100 and counting, Institute for Energy Economics and Financial Analysis
To date, over 100 and counting globally significant financial institutions have announced their divestment from coal mining and/or coal-fired power plants. New announcements are occurring on average every week.

INTERVIEW

#Solar100’s Adam Browning: The Michael Jordan of Solar Policy, PV Magazine
In this #Solar100 interview, Richard Matsui, Founder and CEO of kWh Analytics, speaks with Adam Browning, Executive Director and Co-Founder of Vote Solar.

ENERGY STORAGE

EV CHARGING

EV Connect Raises $12M for Electric Vehicle Charging Software, Greentech Media
The L.A. startup wants to let customers mix and match charging hardware and software controls to suit their needs.