By Saijel Kishan, Bloomberg/Quint
Behind the scenes at some of the world’s biggest banks, small teams of employees are busy trying to calculate what might prove to be one of the most important numbers any financial institution will ever disclose: how much the assets on their balance sheet are contributing to global warming. Read more here.
ADDITIONAL RECOMMENDED READING
- Tri-State joins other regional power providers to signup for energy trading market, The Denver Post. Tri-State Generation and Transmission and two other regional power providers are joining an energy trading market that is aimed at making electricity available on demand at affordable prices and support a quicker transition to renewable energy. Westminster-based Tri-State provides wholesale power to 43 member electric cooperatives in four states — Wyoming, Colorado, New Mexico and Nebraska.
- Three regional utilities announce decision to join Southwest Power Pool market, Southwest Power Pool News
- Renewables, storage poised to undercut natural gas prices, increase stranded assets: RMI, Utility Dive. If all proposed gas plants are built, 70% of those investments will be rendered uneconomic by 2035, according to the Rocky Mountain Institute.
- Michigan PURPA Settlement Set to More Than Triple State’s Solar Capacity, Greentech Media
Utility Consumers Energy and the solar industry resolved their conflict, smoothing the way for deployment. Consumers has agreed to nearly 600 megawatts in coming years. The utility also has standing plans to phase coal out of its portfolio, add 6 gigawatts of solar through 2030 and cut carbon emissions 90 percent by 2040.
- Utah’s ready for its solar close-up, Solar Power World
- Indiana sees surge in wind power despite lack of standards, Associated Press
Indiana has experienced a surge in wind farm construction during the past decade that’s given the state the nation’s 12th-highest number of wind turbines. But some renewable energy advocates say Indiana risks being outpaced by other states unless it does more to encourage commercial wind power, the Indianapolis Business Journal reported.
- Madison closer to reaching 100% renewable energy goal as program installs solar panels, Badger Herald. Mayor says they’ll “just keep finding roofs” to put panels on.
- Residential energy storage broke records in Q2, PV Magazine USA
- Massive Solar-Battery Plant Wins Approval in L.A., Overcoming Union Concerns, Greentech Media. Los Angeles’ municipal utility unanimously approved the contract for the cheapest solar and energy storage project in the U.S. on Tuesday.
- Los Angeles approves ‘historically low cost’ solar+storage project, Utility Dive
- Sonoma County airport going 100% renewable energy in 2020 with parking lot solar canopy, The Press Democrat
- Could Holy Cross Energy go 100% renewable?, The Aspen Times Weekly
- OUR VIEW: Solar-powered schools make sense, Muskogee Daily Phoenix
- Empowering Renewable Energy Buyers, by Ryan Spies, Advisory Board Chair, Renewable Energy Buyers Alliance (REBA)
- IRENA and UN agree to jointly combat desertification through renewables, Modern Diplomacy
- How China is Cornering the Lithium-ion Cell Recycling Market, Greentech Media
100,000 tons of batteries may be recycled this year — almost all of it in Asia.