A number of senators and representatives led by Senator Chris Murphy (D-CT) and Representative Elizabeth Esty (D-CT) have cosponsored The Green Bank Act of 2017 (S. 1406. H.R. 2995). The act is expected to support the establishment of a national green bank capitalized with $10 billion in treasury-issued green bonds. This is the third time legislators have proposed it.
How can solar financing be improved in the United States? Experts shared their vision for the future at the Green Investing Conference held by the Information Management Network (IMN) on April 27 in New York City. Attendees included energy investors, rating agencies, legal counsel, and other professionals. The opening panel, “The Green Landscape for Investing: What, When, Where and Why?” addressed both current situations and future goals.
California residents could see all of their electricity generated from renewable-energy sources sooner than they might expect. A bill requiring the state to receive 100 percent of “all electricity sold at retail to come from zero-carbon resources by December 31, 2045” passed the state Senate in May and now awaits review in the Assembly.
The Future of Energy Summit, which was hosted by Bloomberg New Energy Finance (BNEF) in New York City on April 24-25, brought together hundreds of industry and government leaders and professionals eager to learn about the future of clean energy and share their expertise.
As part of President Trump’s resolution to cut government spending, the White House has proposed drastic budget reductions for the United States Department of Energy (DOE) – and for its clean-energy office. These may affect the State Energy Program (SEP), which has yielded broad-ranging health and economic benefits.
In an effort to tackle growth in greenhouse-gas emissions and meaningfully address the challenge of energy poverty in India, the government plans to install 175 GW of renewable-energy capacity by 2022 to help provide electricity to the 309 million Indians who currently lack access to modern energy services.
Now that the high-leverage Weatherization Assistance Program has been starved of funding for a few years, the fact that United States legislators are discussing closing its doors is not surprising. This shortsighted viewpoint reflects the proposed federal budget’s overall disinterest in poverty alleviation.
What kept Governor Rick Snyder (R-Mich.) up all night in December? According to Katie Trachsel, manager of the Michigan Renewable Energy Certification System (MIRECS) program, it was the passage of two pieces of legislation that transformed the state’s renewable-energy laws, encouraged energy efficiency, and reshaped utility regulation. Meanwhile, Illinois rolled out its new renewable portfolio standard (RPS). Brian Granahan, chief counsel at Illinois Power Agency, said the RPS was designed to resolve a confusing set of policies. The new goals are clearer and easier to follow than the previous ones.
Quietly, while the United States focused on its national election, a set of federal clean-energy incentives phased out at the end of 2016. Now that they have vanished, states may seek to create replacements to keep these markets alive and help them grow. For example, New York State Energy Research & Development Authority (NYSERDA) is now strategically replacing the missing incentives for renewable heating and cooling.
As the solar industry grows and energy efficiency works to do the same, 2016 brought a significant expansion of breaking news for us to cover and curate. The articles below are our top stories showing the many new and surprising developments we saw last year.
At a public event in Boston on June 11 called "Designing Solar’s Value: A Stakeholder’s Forum," speakers outlined an ambitious proposal to shift the entire framework of solar financing in Massachusetts to a value-of-solar model. The newly founded Northeast Solar Energy Market Coalition (NESEMC) cosponsored the event, which was hosted by Solar Energy Business Association of New England (SEBANE).
Greentech Media’s first international Solar Summit, held on Jan. 27-28 in Mexico City, left more questions than answers about the future of solar in Mexico. Speakers said that the solar markets are in flux at all levels of development. The country is far from reaching a steady state. Developers who are willing to take risks could enjoy huge payoffs but must first face significant regulatory uncertainty.
How can green banks collaborate internationally to scale up private financing to meet the challenge of climate change? A new international organization, the Green Bank Network, hopes to lead the way. During the Paris climate conference, six green banks and two nonprofit organizations jointly announced the opening of the network on Dec. 7. The network will accelerate clean energy installations and mobilize private investments worldwide.
While making strong motivational statements at the 2016 Investor Summit on Climate Risk in New York City on Jan. 27, speakers also laid forth an ambitious set of targeted goals to implement the Paris climate conference’s agenda. These goals included implementing climate disclosure requirements; advocating for stable, economically meaningful carbon pricing; ceasing investment in coal; leveraging pension funds; scaling up green banks; clarifying what constitutes a green bond; and analyzing risks on an industry-by-industry basis.
What are the political options the United States solar industry faces as it seeks to avert the impact of the phase-out of the federal investment tax credit (ITC)? A policy paper produced by researchers at The George Washington University, “Softer Solar Landings: Options to Avoid the Investment Tax Credit Cliff,” explores four potential alternatives to the current plan and assesses their political viability.
The CEO of green utility Good Energy has called UK government cuts to renewable-energy subsidies "a hatchet job" enacted without appreciation for the positive impact renewables were having on wholesale energy prices...
One of the overlooked elements in President Obama's Clean Power Plan is the positive effect it will likely have on low-income United States citizens - those who suffer most from climate change and who are facing a crisis in available affordable housing...