Tag Archives: global energy transition

Remarks by President Biden at the Virtual Leaders Summit on Climate Session 5: The Economic Opportunities of Climate Action

The White House Briefing Room

We’ve made great progress, in my view, so far. And I’m grateful to all the leaders who have announced new commitments to help us meet the existential threat of climate change. This summit is a start — a start of a road that will take us to Glasgow for the U.N. Climate Change Conference in November where we’re going to make these commitments real, putting all of our nations on path to a secure, prosperous, and sustainable future.

Today’s final session is not about the threat of climate change poses; it’s about the opportunity that addressing climate change provides. It’s an opportunity to create millions of good-paying jobs around the world and innovate — in innovative sectors — you know, jobs that bring greater quality of life, greater dignity to the people performing those jobs in every nation. Read more here.

MORE WHITE HOUSE RELEASES

SOLAR ENERGY INDUSTRIES ASSOCIATION 

Tackling the Climate Crisis Means Smart Solar Solutions, by President & CEO Abigail Ross Hopper 

The American Jobs Plan is a massive step toward meeting our clean energy goals, but Congress must first deliver legislation and then pass it into law. Earth Day is a reminder of the urgency to act. Investing in solar + storage and clean energy infrastructure can generate hundreds of billions of dollars in private investment and hundreds of thousands of family-supporting jobs to help America build back better.

This includes using the tax code to encourage long-term clean energy growth, modernizing the electric grid, prioritizing domestic manufacturing, and investing in a strong, diverse workforce. SEIA is leading a campaign to ensure that Congress seizes on this opportunity and passes meaningful policies that will accelerate an equitable clean energy transition. But we cannot do this alone. We need you to send a message to your elected representatives in Washington, urging them to prioritize clean energy in upcoming infrastructure legislation.

AMERICAN CLEAN POWER ASSOCIATION

American Clean Power Association Applauds Biden Administration on Successful Leaders Summit on Climate, ACP News Release

“This has been a groundbreaking summit for climate action, shining a light on the growing global marketplace for clean energy. The Summit showcased a powerful global demand signal for clean energy. The American clean power industry congratulates the Administration for restoring American global leadership on the road to Glasgow and COP 26. But the hardest work begins now, and it begins at home. Ambitious commitments demand even more ambitious actions to drive progress. Our industry has rolled up our sleeves ready to move the country forward towards a more sustainable energy future, harnessing American ingenuity, investment, and innovation to deliver economic and jobs benefits to communities nationwide.” – Heather Zichal, ACP CEO

Becoming A Clean Energy Activist

Guest Contributor David Lapp Jost, CleanTechnica

Taking part in the global transition to clean ways of living and clean technologies is one of the most exciting, valuable, rewarding, and ultimately significant things you can do. When you hasten the adoption of better ways of generating using energy, you help on so many levels. You clean up your local environment, reducing poisons that existing industries pump into our air, soil, water, and politics and media. You help your local economy, creating new, sustainable, quality jobs. And you help billions of people who you will never know. We humans face an uncertain future together due to climate change, but we can do our part to make it better. Continue reading here.

Also Written By David Lapp Jost

About the Author: David Lapp Jost works for a peace organization. He is conscious of ways that fossil fuels exacerbate racial and economic inequality, war, and climate change. He devotes much of his spare time to promoting solar power and sustainability initiatives.

Amazon’s Bezos pledges $10 billion to climate change fight

Reporting by Laila Kearney and Rama Venkat, Reuters

Chief Executive Officer Jeff Bezos will commit $10 billion to fund scientists, activists, nonprofits and other groups fighting to protect the environment and counter the effects of climate change, he said on Monday. Bezos, the world’s richest man, is among a growing list of billionaires to dedicate substantial funds to battling the impact of global warming. “Climate change is the biggest threat to our planet,” Bezos said in an Instagram post. “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change on this planet we all share.” The Bezos Earth Fund will begin issuing grants this summer as part of the initiative. Read more here.

Previously Posted: Jeff Bezos unveils sweeping plan to tackle climate change, CNBC

Additional Recommended Reading

Inspiring story from Illinois: How fourth-graders provided the spark for solar panels at Big Hollow campus

By Mick Zawislak, Daily Herald

The installation of solar panels on the Big Hollow Elementary District 38 campus in Ingleside is a lesson in persistence prompted by fourth-graders. Spread along the rolling terrain in two sections — the smaller near the school bus parking lot and the larger on the west side of Wilson Road — the panels will produce enough energy to cover about 85% of the district’s power needs and save about $90,000 a year. Continue reading here.

SEIA Resource: Solar Power Purchase Agreements
More Illinois NewsMaking Galesburg model city for solar, Review Atlas 

IN NEBRASKA

NEWS FROM OTHER STATES

MULTI-STATE SOLAR AGGREGATION

Standard Solar gets creative to finance this 18-rooftop, multi-state solar portfolio for Iron Mountain Inc, Solar Builder Magazine

“Through our partnership with Standard Solar, we have been able to build a holistic program that allows Iron Mountain to seamlessly install on-site solar in multiple states. This program is helping Iron Mountain progress towards meeting their environmental goals of RE100 and the Science Based Target Initiative in a cost effective and simple to implement method,” said Lauren Fitch CBRE Energy Manager for Iron Mountain. Standard Solar also partnered with OnSwitch, whose patented AI-powered SkyQuotes platform makes it simpler for solar developers and building owners to evaluate, buy/finance and install commercial solar energy solutions at a guaranteed lowest price, to help maximize cost savings for the projects.

 CLIMATE RISKS & RESILIENCE

Trend: Corporate climate reporting gets physical, contributed GreenBiz article by Lauren Smart, Managing Director, Global Head of ESG Commercial at Trucost, part of S&P Global.

What will companies gain from reporting physical risks? Risk mitigation, for starters. Research by Trucost highlights the scale of corporate exposure: almost 60 percent of companies in the S&P 500 (market capitalization of $18 trillion) and more than 40 percent in the S&P Global 1200 ($27.3 trillion) hold assets at high risk of physical climate change impacts. Identifying these exposures and building business continuity and resilience plans is critical. It’s not just companies in the obvious sectors, such as agricultural value chains or resource-intensive ones, that are vulnerable. For many U.S. financial companies, which may have thought their exposure to climate risks was minimal, 2012’s Superstorm Sandy was a wake-up call.

GLOBAL ENERGY TRANSITION

 Previously Posted

Tri-State will replace coal plants with a gigawatt of new wind and solar

By Joe Smyth, Clean Cooperative

“We’ve seen the cost of renewables plummet. From the first renewable project we signed 10 years ago, we’re seeing like an 85% reduction in the cost of solar energy. And because the wind and solar energy now comes in prices lower than the cost of generating with any fossil fuel, coal or gas, it provides us with an opportunity, if you want to call it a “green energy dividend,” that those savings in energy costs can be used to help us accelerate the retirement of coal and pay for that accelerated retirement, without negative rate impacts.” – Tri-State CEO Duane Highley

Read more here. 

Tri-State Association members are located in four states: Colorado, Wyoming, New Mexico, and Nebraska.

Previously Posted: Tri-State CEO says wholesaler’s clean energy transition will pay dividends, Energy News Network

NEWS FROM OTHER STATES

CLEAN ENERGY CAREERS

What’s It Like to Be a Solar Salesperson at a Residential Installer?, Greentech Media
Clean Energy Careers: In a new Greentech Media series, we’re asking people with cleantech jobs to tell us what they really do all day.

SUNNOVA’S NEW SERVICES BUNDLING MODEL

Sunnova to bundle roof replacements along with home solar + storage financing, Solar Builder Magazine. “Launching this product provides another way for our dealers to offer a holistic energy experience for our customers,” said John Santo Salvo, Executive Vice President, Channel Operations and Chief Procurement Officer at Sunnova. “This is another link in our value chain that enables our dealers to source solar, storage, service and now roofing from a single, national service provider.”

EV NEWS

SEIA NEWS RELEASE

Solar Industry Response to Solar Tariff Midterm Review Report
“On behalf of more than 10,000 U.S. solar companies and 242,000 American solar workers, we are asking President Trump to give American solar companies the certainty to move forward on billions of dollars in new investment. “Let’s work together on solutions that advance American-made products and that build a stronger clean energy economy for all Americans. An added tariff burden, most certainly is not the answer.” – Abigail Ross Hopper, President and CEO, Solar Energy Industries Association

GLOBAL ENERGY TRANSITION QUOTATION OF THE WEEK 

 “The energy transition will have an impact on every single oil and gas player.”
– Valentina Kretzschmar, director of corporate research at Wood Mackenzie
The quotation is from the PV Magazine article: Oil and gas giants Shell and Total get serious about solar

As Xcel moves toward coal-free, will natural gas remain part of energy mix?

By Kirsti Marohn, Minnesota Public Radio

“We’re concerned that natural gas plants that are being built today are very likely to be too expensive to make sense to operate before they’re even paid off,” said Annie Levenson-Falk, executive director of the Citizens Utility Board of Minnesota, which advocates on behalf of electric ratepayers. Levenson-Falk pointed to a recent report from the nonprofit Rocky Mountain Institute that found that 90 percent of the gas plants being built today will be uneconomical by 2035 — around the time Xcel’s proposed Becker plant would likely be in operation. The company’s plans say it would build the new natural gas plant in the mid-2020s. Read more here.

NON-WIRES ALTERNATIVES

ADDITIONAL RECOMMENDED READING

GLOBAL DIVESTMENT / REINVESTMENT 

ALSO IN THE NEWS

Photo Credit: Xcel Energy

Report says new storage capacity increasingly included in IRPs

By Paul Ciampoli, American Public Power Association Blog

“Of the 45 states taking grid modernization actions during the quarter, 40 took actions related to energy storage,” said Autumn Proudlove, lead author of the report and Senior Manager of Policy Research at the NC Clean Energy Technology Center (NCCETC). “Utility integrated resource plans are increasingly including new energy storage capacity, while states continue to evaluate how energy storage is addressed in resource planning rules.” Other key grid modernization trends in the third quarter highlighted by the center are utilities filing innovative rate design proposals and states and utilities planning online energy data portals. The executive summary for the report is available here. Read the entire article here.

Additional Recommended Reading 

  • Engie’s renewables chief on scaling corporate contracts, hydrogen hopes and offshore wind, GreenBiz. Many new renewable contracts Engie intends to sign will include clauses for making sure renewables are available 24/7, which means they’ll be hybrid arrangements that include a mix of clean (or cleaner) power sources such as solar, wind and hydro and, increasingly, some sort of storage — Engie has big aspirations in green hydrogen. Heather Clancy interviews Gwénaëlle Avice-Huet, executive vice president in charge of the global renewables and green hydrogen business line for Engie, and president and CEO of the Engie North America operation.
  • EDF’s Energy Storage Ambitions Come Out of Hibernation, Greentech Media
    After something of a hiatus, EDF has acquired Pivot Power — along with its 2-gigawatt storage pipeline and its unique approach to the market. “EDF has made a lot of noise with ambitions to be a leader of the global energy storage market announced last year,” said Rory McCarthy, senior storage analyst at Wood Mackenzie. “However, they haven’t [followed through on] this with anything in the U.K. market — until now.”
  • Previously Posted: Huge Battery Investments Drop Energy-Storage Costs Faster Than Expected, Threatening Natural Gas, Forbes. The global energy transition is happening faster than the models predicted, according to a report released by the Rocky Mountain Institute, thanks to massive investments in the advanced-battery technology ecosystem.

Bipartisan Legislation

Energy Storage Tax Credit – H.R.2096/ S. 1142: Energy Storage Tax Incentive and Deployment Act of 2019.

Actions: Introduced in House April 4, 2019

Battery Recycling

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.