Tag Archives: green bonds

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.

How Battery Energy Storage Changes the Game

Microgrid Knowledge


In this edition of Industry Perspectives, Schneider Electric’s Andy Haun offers insight on how battery energy storage has the potential to change the energy landscape.

Photo: Andy Haun, senior vice president and chief technology officer, microgrids, Schneider Electric

 

MORE ENERGY STORAGE NEWS

How Dispatchable Wind Is Becoming a Reality in the US, Greentech Media. Analysis from Wood Mackenzie Power & Renewables’ new report, The Potential Wind-Plus-Storage Roadmap, introduces new policies from select states.

Photo: AWEA Public Domain Images


CONSUMER REPORTS SURVEY

Most Americans in Coal-Reliant States Prefer Renewables, CBS News, Posted on Real Clean Energy. A large majority of Americans in coal-heavy states favor increasing renewable energy use. Most would also be willing to buy solar panels for their own use, and a plurality would be willing to pay an additional $5 a month to get energy from fully renewable sources, according to a survey from Consumer Reports


100% RENEWABLE ENERGY NEWS

100% renewables city won $1 million to capture and store solar energy. Here’s what happens next: The city of Georgetown is going one step farther to become energy-independent. After winning a $1 million grant from Bloomberg Philanthropies U.S. Mayors Challenge city officials said they plan to lease rooftop space on homes to install solar panels as well as additional space to install storage batteries that will allow the city to collect and store solar-generated energy.

OF POTENTIAL INTEREST TO GREEN BUILDERS

 

6 green certifications contractors should know about,
Smart Cities Dive

 


AMERICAN PUBLIC POWER ASSOCIATION MAGAZINE

Utilities and the smart city: Building better communities
Not your father’s energy efficiency: Utility programs adapt to the modern customer

More Articles: Public Power Magazine

 

GREEN BONDS

INTERNATIONAL NEWS

How a Big Bank Fueled the Green Energy Boom

By Matthew Heimer, Fortune Magazine

[Green] bonds were the brainchild of dealmakers at Bank of America—the $87 billion, 209,000-employee giant that occupies the No. 3 spot on Fortune’Change the World list this year. Their work is part of BofA’s $125 billion Environmental Business Initiative, a campaign that has established the Charlotte based bank as a powerhouse in “climate finance”—the unglamorous but essential business of steering investor capital into the low-carbon economy. Green bonds, which the bank all but invented, have raised $442 billion worldwide since 2013, helping borrowers both tiny (the Antioch, Calif., Unified School District) and enormous (trillion-dollar Apple) pay for renewable-energy innovations. Read more here.

iStock Photo

RELATED:

The Number Of U.S. Cities Pledging To Go 100-Percent Renewable Doubled Since Last Year

By Alexander C. Kaufman, The Huffington Post

Seventy cities and nine counties across the United States have now adopted ordinances setting targets to dramatically overhaul their electricity use, up from 36 cities before June 2017, according to a new Sierra Club analysis shared with HuffPost. The new total accounts for 10.3 million people using 2.5 percent of the country’s power output.

An additional 201 city mayors representing 24.4 million people and 6.5 percent of the nation’s electricity use have endorsed the 100-percent renewable goal, promising to roll out policies in the months to come. That figure, too, doubled since last year. Read more here.

Mayors for 100% Clean Energy

NEBRASKA IN THE NEWS

NEWS FROM OTHER STATES

NATIONAL/GLOBAL NEWS

  • Canada Pension Plan Investment Board world’s first to issue Green Bonds, PV Magazine
    The growing acceptance for renewable energy assets from sovereign wealth funds indicates a solid and healthy business climate for renewable energy, and could have positive effects for the industry in the future . . . The Climate Bonds Initiative, a not-for-profit investor-focused organization providing, among other services, detailed reports on the global Green Bond market, [estimates] that by the end of 2018 US$250 billion in green bonds will have been allocated. Moreover, the organization, estimates and actively works towards the goal of US$1 trillion in Green Bond investments by 2020. This demonstrates how rapidly this market is growing and how the finance sector is running with these investment mechanisms.
  • Pope Tells Oil Executives to Act on Climate: ‘There Is No Time to Lose’, The New York Times

U.S. Utilities Look To Electric Cars As Their Savior Amid Decline In Demand

By Samantha Raphelson, NET

The U.S. electricity sector is eyeing the developing electric car market as a remedy for an unprecedented decline in demand for electricity. After decades of rising electricity demand, experts say the utility industry grossly underestimated the impact of cheap renewable energy and the surge of natural gas production. For the first time ever, the Tennessee Valley Authority is projecting a 13 percent drop in demand across the region it serves in seven states, which is the first persistent decline in the federally owned agency’s 85-year history. Read more here.

MORE NATIONAL NEWS & AN OP-ED

GLOBAL NEWS

Apple issues $1.5 billion in green bonds in first sale

By Valerie Volcovici, Reuters

Apple's 20-MW Maiden, N.C. solar farm. Credit: Apple

Apple’s 20-MW Maiden, N.C. solar farm. Credit: Apple

Apple has issued $1.5 billion in bonds dedicated to financing clean energy projects across its global business operations, the largest green bond to be issued by a U.S. corporation, the company’s head of environmental policy said Wednesday.

The Cupertino, California-based tech giant said proceeds from the green bond sales will be used to finance renewable energy, energy storage and energy efficiency projects, green buildings and resource conservation efforts.

Read more here.

ALSO OF POTENTIAL INTEREST
February 25th webinar: Corporate Renewables Procurement: America’s New Leading Source of Demand for Wind Power. Click here for details.

Rocky Mountain Institute: First-Time Buyers Are Dominating Corporate Renewable Purchasing, by David Labrador. Click image to enlarge it.

RMIBlog