By Daniel Cusick / Climatewire. Republished by Energy News Network.
The first sentence of Ann Arbor, Michigan’s new 2030 carbon neutrality plan says little about reducing greenhouse gases. It says a lot about managing two global crises at once.
“Even during the COVID-19 global pandemic, we face no greater threat than climate change,” Mayor Christopher Taylor opened in an introductory letter to the nearly 100-page plan presented last week to the City Council. Read more here.
Ann Arbor’s Living Carbon Neutrality Plan (PDF)
NATION’S FIRST OFFICE OF RENEWABLE ENERGY SITING CONTINUES TO BE IN THE NEWS
Group calls for additional $4.3 billion in LIHEAP funding, American Public Power Association. State Low Income Home Energy Assistance Program (LIHEAP) directors are calling for Congress to provide an additional $4.3 billion of funding for the LIHEAP program in response to the COVID-19 pandemic, the National Energy Assistance Directors Association (NEADA) said on April 6. In late March, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2.2 trillion spending program to help mitigate the effects of the pandemic. The bill included $900 million for LIHEAP to help low-income households pay their utility bills during the crisis. “Due to the depth of the crisis, this funding only scratches the surface of what families will need to stay afloat,” NEADA said.
Nebraska LIHEAP Program
INVESTOR-OWNED UTILITIES’ MARKET VALUE & CLIMATE RISKS
BlackRock, Morgan Stanley to utilities: Tackle climate-related risks or lose market value, by Herman K. Trabish, Utility Dive
Financial market data shows utilities that address risks associated with the changing climate see significant benefits, and utilities that do not lose market value. Analyses from BlackRock, Morgan Stanley and others reflect what the world is learning in the COVID-19 fight: Aggressive action proactively addressing systemic risk produces better outcomes than pretending there is little risk. For utilities, the data shows that addressing climate-related risks with system hardening and emissions reductions attracts investors and shifts stock valuations, while relying on business as usual discourages investors and increases stock price volatility.
BlackRock Sends Huge Warning Shot at Companies Ignoring Climate Risk, Greentech Media
In a move that will resound across the world of energy investing, BlackRock, the world’s largest asset manager, this week warned of a “fundamental reshaping of finance” as the impacts of climate change become better understood. BlackRock CEO Larry Fink said in an open letter that his company will end support for thermal coal, screen fossil fuel investments more closely, and redesign its own investment approach to put sustainability at its core.
BlackRock joins Climate Action 100+ to ensure largest corporate emitters act on climate crisis, Climate Action 100+ News Release. With the addition of the world’s largest asset manager, with more than $6.8 trillion USD in assets under management, Climate Action 100+ continues to grow in size and influence. BlackRock joins more than 370 global investors already participating in the initiative. The addition of funds it manages, brings total assets under management represented by investors participating in Climate Action 100+ to more than $41 trillion.
EIA’S SHORT-TERM ENERGY OUTLOOK
GLOBAL ENERGY STORAGE
Global storage deployments could see hit in 2020, but ‘fundamental drivers’ still remain, analysts say,by Kavya Balaraman, Utility Dive. The COVID-19 pandemic could reduce previous forecasts for global storage deployments by 19%, according to analysts, but the sector is still set to grow 13-fold by 2025.
ROADMAP TO NET-ZERO INDUSTRIAL EMISSIONS
How to Slash the Industrial Emissions That Are Heating the Planet, Greentech Media
Cutting pollution from heavy industry is especially difficult, but a new roadmap outlines how to achieve net-zero emissions in the decades ahead.
NEW RESOURCE BY NEW POWER NEBRASKA
Nebraska Guide to Wind: A Booming Sector with Room to Grow
NEW NONPROFIT: ECOATHLETES
How EcoAthletes plans to go to bat for the climate, by Joel Makower, Chairman & Executive Editor,, GreenBiz Group
A veteran sports marketing executive is launching his side hustle: a new nonprofit to engage professional athletes to become messengers and evangelists on the climate crisis. EcoAthletes aims to “identify, inspire, coach and deploy athletes to talk about climate change — where they are and in ways that they’re comfortable,” according to its founder, Lew Blaustein, who’s spent more than 30 years in brand management, sports marketing and promotion, and who writes GreenSportsBlog, which since 2014 has been syndicated on GreenBiz. (In addition, I serve on EcoAthletes’ advisory board.)