Tag Archives: Forbes

Renewable Energy Could Save $160 Trillion In Climate Change Costs by 2050

By James Ellsmoor, Contributor, Forbes

With development and energy demands soaring worldwide, there is an opportunity for clean, renewable energy to supplant fossil fuels and take over as the main form of electricity generation. New
findings published by the International Renewable Energy Agency
(IRENA) have emphasized the need to scale up efforts to transition
away from fossil fuels and towards renewable energy.
Continue reading here.

Mars, Microsoft, JP Morgan Chase: Insights From Early Adopters Of Corporate Climate Policy

By Jeff McMahon, Forbes

It’s a story of stunning progress and staggering challenges. Some of the first corporations to make climate commitments have found that clean energy saves them money wherever they can find it, but often they can’t find it where they need it most.

Mars Corporation, for example, has signed power purchase agreements with wind farms in Texas, Mexico and Scotland and with a solar farm in Australia. In each case, the agreement covers 100 percent of the power demand for the direct operations of a Mars facility.
Continue reading here.

Photo by Mars Corporation: Mars candies and pet foods are powered in part by the Moy Wind Farm in Scotland.

ADDITIONAL RECOMMENDED READING

Commitments to renewable energy are a great start — what comes next?, GreenBiz. This essay was contributed by one of the NGOs that make up the Renewable Energy Buyers Alliance (REBA), a consortium dedicated to growing large buyer demand for renewable power and helping utilities and others meet it. 


To date, 158 RE100 companies have made a commitment to go ‘100% renewable’. Read about the actions they are taking and why here.


COP24 NEWS


Cop24 live blog
PV Magazine’s Max Hall will be pounding the vast spaces of the COP24 venue in Katowice to bring you the latest developments in Poland and trying to shine a light on solar’s presence here.


NEW INVESTMENT ALLIANCE

  • The U.S. Alliance for Sustainable Finance (USASF), based in New York City, will work to encourage more climate-friendly and sustainable finance innovation across the U.S. capital markets. This initiative brings together private sector actors in line with the aim of meeting the United States’ targets of the Paris Agreement.
  • Wall Street staking claim for sustainable finance supremacy, by Christian Roselund, PV Magazine. The press release noted that research indicates a sevenfold increase in global clean energy investment — $2.4T annually versus the current investment levels of $333.5B as estimated by BloombergNEF — is needed to limit the most devastating effects of climate change.

Pace and Scale: Investor leadership at the Global Climate Action Summit and beyond

Written by Mindy Lubber, Forbes

Mindy Lubber is CEO and president of Ceres. Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy.

This week at the Global Climate Action Summit in San Francisco, we, along with our partners across the globe, are showcasing one of the largest-ever displays of investor action, with nearly 400 investors with $32 trillion in collective assets under management taking action in line with what we call the The Investor Agenda. Read more here. 

SEE ALSO: Climate Action 100+

ADDITIONAL RECOMMENDED READING
Declining Costs and Technology Are Powering Renewable Energy Demand According to New Deloitte Report, PR Newswire

Google And Apple Lead The Corporate Charge Toward 100% Renewable Energy

Post written by Silvio Marcacci, Communications Director at
Energy Innovation. Published by Forbes

America’s technology corporate giants have led the corporate renewables procurement trend, but two of the biggest names in tech just reached a new mark: Apple and Google are now both 100% powered by renewable energy . . . This trend is opening up new markets for renewable energy, leading corporate suppliers to decarbonize, and saving money on corporate bottom lines – and it isn’t slowing down anytime soon. Read more here.

Photo Credit: hpgruesen / Creative Commons

MORE ABOUT CORPORATE RENEWABLE ENERGY PROCUREMENT NATIONWIDE

The Corporate Renewable Energy Buyers’ Principles and the Business Renewables Center, which Silvio Marcacci references, are the core initiatives of the Renewable Energy Buyers Alliance, or REBA. The alliance’s goal is to help US corporations procure renewable energy to meet their needs.

Click these links to learn more:

U.S. Renewable Energy Map: Click map to link to it. 

CORPORATIONS’ GLOBAL RENEWABLE ENERGY PURCHASING

About RE100, which Marcacci also references in his article:
RE100
is a collaborative, global initiative uniting more than 100 influential businesses committed to 100% renewable electricity, working to massively increase demand for – and delivery of – renewable energy.

RE100 is sponsored by The Climate Group in partnership with CDP. Both organizations are part of the We Mean Business coalition, working with leading businesses around the world.

CORPORATE RENEWABLE ENERGY PROCUREMENT IN NEBRASKA


Facebook’s recently-announced expansion increases the corporation’s total investment in the Papillion Data Center to
$1 billion. Facebook is partnering with Adobe to help them enter
the U.S. renewable energy market with Enel; 10 MW of Nebraska’s Rattlesnake Creek Wind Project will be allocated to Adobe.


Links to More Information

  • Facebook’s Nebraska reach expands, by Jason Kuiper, The Wire, OPPD March Blog Post
    Facebook announced today their Nebraska data center will be three times the size of its original announcement. The Papillion data center will be six buildings instead of two with groundbreaking set to begin in May on the additional buildings. Facebook announced last April their plan to build its next data center here and credited the development of OPPD’s Rate 261M as one of the biggest draws. Read the entire blog post.
  • Facebook’s Press Release: Papillion Data Center Expanding to Six Buildings
    Author: Jim Piazza, Director of Data Center Operations, East. Last year, we worked with Omaha Public Power District to create a new renewable energy tariff that ensures we can power our data center with clean and renewable energy. With the tariff in place, we could seek new, in-state wind projects, which we found in Enel Green Power‘s Rattlesnake Creek Wind Project. We will now increase our purchase from 200 MW to 320 MW to support our growth, and we are excited to share that we have partnered with Adobe to help them enter the U.S. renewable energy market with Enel; 10 MW of Rattlesnake Creek will be allocated to Adobe.

Additional Recommended Reading 

Enel sells energy from new US wind farm to Facebook and Adobe, Enel Press Release
The new deal between Enel and Facebook widens the scope of the bundled, long-term power purchase agreement for 200 MW signed in November 2017 to gradually include the plant’s overall output by 2029, following Facebook’s decision to significantly expand its data centre in Papillion, around 120 miles from Rattlesnake Creek. The energy produced by the entire wind farm will enable the expanded data centre to be 100% renewable-powered.

“Powering our data centers with 100% clean and renewable energy is not just a goal for Facebook, it is a requirement of our business,” said Bobby Hollis, Director of Global Energy at Facebook. “The Rattlesnake Creek wind farm will enable us to power our future Papillion Data Center, and fulfills our passion to expand the energy market for other corporate buyers, like Adobe.”

Bipartisan congressional solar caucus coalesces after tariff decision

By Frank Andorka, PV Magazine

Congressmen Raja Krishnamoorthi (D) and Ralph Norman (R) have founded what appears to be the first solar-specific caucus in Congress . . . The Solar Caucus will work on a bipartisan basis to find common ground to tackle issues facing solar business and communities,” Krishnamoorthi said. “We will raise awareness for how policymakers, business leaders, and academic experts can work together to foster jobs, growth, and America’s leadership in the solar industry.”
Read more here.

Photo: Congress – Wikimedia Commons

ADDITIONAL RECOMMENDED READING

Commentary: To fight climate change, we must change our vocabulary

By Dick Munson, Director of Midwest clean energy for the Environmental Defense Fund, Guest Opinion, Midwest Energy News

Each fall, Chicago throws a Humanities Festival to promote “the lifelong exploration of what it means to be human,” attracting thoughtful authors and expressive performers. Two lectures on a recent Saturday afternoon provided fresh perspectives on how environmentalists combat pollution and envision a healthier planet.

For me, those discussions revealed how we can tap different threads — specifically faith and literature — to make our cases more effectively.

Read more here.

 

ALSO OF POTENTIAL INTEREST

Trump Might Not Believe In the Risks of Climate Change – But Investors Do And They Are Taking Action

By Mike Scott, Contributor, Forbes

New research from the Asset Owners Disclosure Project (AODP) reveals that 60% of the world’s 500 biggest asset owners (AOs), representing assets under management of $27 trillion, now recognize the financial risks of climate change and the opportunities that are created by the transition to a low carbon  economy . . . There has also been a proliferation of initiatives that highlight the risks to investors, including CDP’s Carbon Disclosure questionnaire, the Principles for Responsible Investment, the Task Force on Climate-Related Disclosures and Science-based Targets. In addition, the companies in which investors might put their money are also acting on climate change, with many of the biggest corporations – such as Apple; BMW; AB Inbev, the world’s largest brewer; General Motors; and Walmart – committing to source all their electricity from renewable sources.

Read more here.

Photo: Papillion’s Facebook Data Center. Facebook is one of a growing number of large corporations committed to 100% renewable energy.

ADDITIONAL RECOMMENDED READING

Big names start a clean energy fund

Associated Press / Omaha World-Herald

The Breakthrough Energy Coalition announced a $1 billion investment fund to support new energy ventures on Monday. Its members include Bill Gates, Mark Zuckerberg, George Soros, Saudi Arabia’s Prince Alwaleed bin Talal, Alibaba’s Jack Ma and Richard Branson. Read more.

Breakthrough Energy Coalition Website

ADDITIONAL RECOMMENDED READING
Bill Gates Launches $1 Billion Breakthrough Energy Investment Fund, Forbes

How Mining, Oil and Gas Workers Are Retraining For The Solar Economy

By Mark Stone, Forbes

forbes2

Colorado-based nonprofit Solar Energy International (SEI) is part of a nationwide effort to retrain mining, oil and gas workers. Solar Ready Colorado, an SEI initiative that’s being funded by a $401,000 matching grant from the Colorado Department of Labor and Employment, aims to fill skills gaps among workers in traditional energy fields . . . “We have people coming from 120 different countries and all 50 states,” [Chris Turek, director of marketing and alumni relations] said. “If you come to our Colorado training facility, you will see a global audience.” Some 45,000 workers have completed programs at the nonprofit training school. Read more.

Photo: U.S. Air Force veteran Noah Wichmann started a solar installation business in Hotchkiss, Colorado after completing training through Solar Energy International.
Credit: Andrew Hetherington.

ALSO IN THE NEWS

Lawrence, Kansas set to spend $11.4 million on energy efficiency, other sustainability projects

By Robert Valverde, Lawrence Journal World

lawrence-solar-project

The City of Lawrence is preparing to make millions of dollars worth of facility
upgrades — including solar panels, LED lights and smart thermostats — in order to make its operations more energy-efficient. “The savings each year would be the same as taking over 750 cars off the road and planting over 3,000 tress, in terms of an environmental benefit,” said Eileen Horn, sustainability coordinator for Lawrence and Douglas County. Continue reading.

Photo: A computer rendering shows solar panels on the roof of Fire Station Number 5, 1911 Steward Avenue in Lawrence, Kansas. About $11.4 million of sustainability projects have been added to the city’s capital improvement plan for 2017.

ADDITIONAL RECOMMENDED READING