Tag Archives: global energy transition

Report puts $4.5 trillion price tag on grid decarbonization

By Ethan Howland, American Public Power Association

“Wood Mackenzie concludes that [100 percent renewable energy] goals remain largely aspirational, but attainable given a reasonable time horizon to allow for technology development, regulatory realignment and socio-economic reforms,” the consulting firm said in a report released in late June. The report comes as states like California, Colorado, Hawaii, Maine, New Mexico, New York, Washington and the District of Columbia have adopted 100 percent renewable and clean energy goals and mandates, generally in the 2050 timeframe.

In summary — excluding supply chain impacts and other items, such as stranded costs — an investment of $4.5 trillion would be required to fully transition the US power grid to renewables over the next 10 to 20 years, which implies an investment of roughly $225 to $450 billion a year, a scale comparable to the total US defense budget. Read more here.

FOSSIL FUEL SUBSIDIES

  • According to the International Monetary Fund, the United States subsidizes fossil fuels at a cost of $649 billion a year.
  • United States Spend Ten Times More On Fossil Fuel Subsidies Than Education, Forbes
    IMF leader Christine Lagarde has noted that the investments made into fossil fuels could be better spent elsewhere, and could have far reaching positive impacts: “There would be more public spending available to build hospitals, to build roads, to build schools and to support education and health for the people. We believe that removing fossil fuel subsidies is the right way to go.”

DECARBONIZING THE GLOBAL ECONOMY GAINING MOMENTUM

COUNTRIES & REGIONS LEADING THE WAY

Is Your Company Ready for a Zero-Carbon Future?

By Nigel Topping, Contributor, Harvard Business Review

More than 900 global companies representing over $17.6 trillion in market cap are already ensuring that their business strategies are built for growth and emissions reductions through the We Mean Business Take Action campaign. (We Mean Business is a nonprofit coalition of which I am CEO.) This includes over 560 companies that have committed to set ambitious science-based emission reduction targets, and over 175 that have committed to switching to 100% renewable electricity. Beyond that, companies are beginning to use their influence to speed an economy-wide transition by supporting climate policies targeting net-zero emissions by 2050. Others are demanding climate action throughout their supply chains. Read more about the We Mean Business campaign and other initiatives here.

Nigel Topping serves as CEO of We Mean Business coalition, which harnesses business leadership to drive the innovations and policies that accelerate action on climate change. Previously, Nigel was executive director of CDP (formerly the Carbon Disclosure Project) and he has 18 years of experience in the manufacturing sector.

ALSO IN THE NEWS

FEATURED RESOURCES

GLOBAL NEWS

10 Ways Science Based Targets Can Improve Your Business

By Mike Scott, Contributor, Forbes

More than 500 of the world’s largest companies have set targets to cut emissions in line with climate science. The consultancy thinkstep has
explained why the targets are such a powerful business tool, “beyond the obvious ethical reasons for working to drastically reduce greenhouse gas emissions”.

#10: Younger consumers and workers are more interested in
sustainability than their elders. In 2019, thinkstep says, millennials will overtake baby boomers as the largest generation – and climate change is their number one concern – they want to work for a company they can believe in. “Setting science-based targets is a powerful way to communicate the legitimacy of your brand to current and potential
co-workers and retain their loyalty,” thinkstep says. Read more here.

ALSO IN THE NEWS

Divestment Year in Review 2018 — #CleanTechnica Report

Over 1000 institutions with managed investments worth almost $8 trillion have committed to divest from fossil fuels. Go Fossil Free.Org Report: 1000 Divestment Commitments And Counting

  • Money managers: the new warriors of climate change, Financial Times
    Following decades of campaigning by environmentalists and non-government organizations, it is now spreadsheet-analyzing money managers — responsible for the nest eggs of millions of people — who are forming a new generation of climate activists. And these activists are backed by trillions of dollars.
  • 6 times the environment won in 2018, Grist
    Folks across the country, from local city leaders to state attorneys general, are out there chipping away at the biggest existential threat of our time. And they’re actually getting somewhere. Here’s proof.
  • Power Plant Accident Casts New Light On New York’s Dirty Fuel Addiction, Huffington Post
    The bright-blue sky dazzled the city’s residents, but the source of the light — one of New York’s dirtiest power plants — could stoke an already heated debate.

Nebraskans for Solar Hosting a Free Screening of “Catching the Sun” Documentary

When: May 11, 2016 – 7:00 to 9:00 p.m.
Where: UNO’s Community Engagement Center, 64th & Dodge
Combined Rooms 201 / 205 / 209

Award-winning filmmaker and eco-activist Shalini Kantayya’s documentary broadens the often faceless climate change debate to include people of color and explore the possibilities of social and economic justice in a soon-to-be solar-powered world.” – Julie Anderson, LA Film Festival

Director, Shalini Kantayya / Photo Credit: The Guardian

Director, Shalini Kantayya / Photo Credit: The Guardian

Through the stories of workers and entrepreneurs in the U.S. and China, Catching the Sun captures the global race to lead the clean energy future. Over the course of a solar jobs training program, Catching the Sun follows the hope and heartbreak of unemployed American workers seeking jobs in the solar industry.  With countries like China investing in innovative technologies and capitalizing on this trillion-dollar opportunity, Catching the Sun tells the story of the global energy transition from the perspective of workers and entrepreneurs building solutions to income inequality and climate change with their own hands. Their successes and failures speak to one of the biggest questions of our time: will the U.S. actually be able to build a clean energy economy?

Parking is available in the lot in front of the Community Engagement Center and all adjacent lots. Refreshments will be served. Nebraskans for Solar & Affiliated Renewable Energy Advocacy Groups will sponsor information tables. This event is free and open to the public. Please join us and bring a friend!

Two books you can download for free: The Great Transition and Empowered

The Great Transition: Shifting from Fossil Fuels to Solar and Wind Energy
By Lester R. Brown

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Description
The energy transition is here. As fossil fuel resources shrink, as air pollution worsens, and as concerns about climate instability cast a shadow over the future of coal, oil, and natural gas, a new world energy economy is emerging. The old economy, fueled largely by coal and oil, is being replaced with one powered by solar and wind energy.

The Great Transition details the accelerating pace of this global energy revolution. As many countries become less enamored with coal and nuclear power, they are embracing an array of clean, renewable energies. Whereas solar energy projects were once small-scale, largely designed for residential use, energy investors are now building utility-scale solar projects. Strides are being made: some of the huge wind farm complexes under construction in China will each produce as much electricity as several nuclear power plants, and an electrified transport system supplemented by the use of bicycles could reshape the way we think about mobility. Download the book here.

Empowered: A Tale of Three Cities Taking Charge of their Energy Future
By Bentham Paulos, Midwest Energy News

Empowered

 

Description
Energy in America is undergoing a period of rapid change, driven by new technologies, consumer empowerment, and the imperative to reduce emissions that cause global warming.

But people who want to save energy or install solar panels are finding their efforts are at odds with utilities seeking to preserve their profits. Seeing an existential threat to their business model, utilities across the country are pursuing policy changes that will make it less viable for customers to generate their own electricity.

Impatient with the slow pace of change at the state level, an increasing number of cities — such as Boulder, Minneapolis and Madison — are taking matters into their own hands as their citizens seek energy that is local, affordable, and clean.

Empowered describes how city officials and activists in Boulder, Minneapolis, and Madison are fighting back against entrenched utilities, and taking charge of their energy future.

Download free PDF here. Can be read online, or uploaded to Kindle and other devices.

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