The only way to achieve climate targets in the Northeast is to start electrifying transportation and heating to a high level. According to the report “Action Plan to Accelerate Strategic Electrification in the Northeast,” a committee of over 30 stakeholders is laying the groundwork for a massive revamp of the region’s electric power consumption to meet climate goals.
The recent United Nations (UN) report “Gender and Climate Finance” has said that climate finance can catalyze the transition to zero-carbon and climate-resilient development while addressing gender issues such as equality and empowerment.
While solar and wind resources are abundant in the western United States, the region faces technical, operational and management challenges in transitioning to cleaner energy portfolios. Integrating renewable energy into existing electric grids continues to be a difficult hurdle for many electricity markets. When utilities face intermittent renewable energy generation, energy imbalance markets (EIMs) have been developed to mitigate the gaps between production and demand.
It’s urgent to fund climate solutions in developing nations. The risk of climate-related adversities particularly affects the poor, who already suffer disproportionately from these impacts. Direct government funding is scarce in the least-developed countries. Hence, climate change investment needs are significant. One way to address this gap and also reduce investment risks is to use results-based climate finance.
The Sun Belt offers great possibilities for solar power development. And in many states of the deep South, residential customers stand to gain massively from increased access to affordable renewable energy. The Southeast is home to much of the nation’s worst sustained poverty. Its low-income consumers have some of the highest energy burdens in the country, according to American Council for an Energy-Efficient Economy. “Energy burden” is defined as the percentage of household income that goes toward energy costs. Many states in the region maintain detrimental policy frameworks. Innovation is needed across the board to ensure solar power’s benefits are accessible to all customers.
Developing countries are in need of significant financial investments to reduce greenhouse gas emissions and build climate resilience. In most developing countries, government investments for climate change are limited. Therefore, in order to fulfill their commitments to the Paris Agreement, governments need to rely on other external sources of funding. Identifying and accessing these funds, however, still remains a big challenge.
In 2018, one of the most pressing questions about the viability of electric vehicles is where to charge them. Throughout the Future of Energy Global Summit in New York City on April 9-10, people asked: How quickly will electric vehicles arrive? And how rapidly will the market grow?
For many energy innovators, securing venture capital may seem to be an impossible challenge. Taking this issue to heart, the technology company Rho AI is exploring the power of artificial intelligence to find capital for companies in the renewable energy marketplace. Having recently earned a grant from the United States Department of Energy to create a solution called Partner AI, Rho AI is reaching its seventh month of development. Partner AI is an online artificial intelligence-based solution that will work to streamline today’s renewable energy venture capital process.
The focus of business leaders shifted toward new horizons on Jan. 31 at the Investor Summit on Climate Risk in New York City. These included the role of organized labor in the global energy transition. This was the first conference session Clean Energy Finance Forum has covered where labor issues were discussed at length.
In this post, we’re taking a closer look at new technology being deployed in the transmission sector. We will focus specifically on how the federal government can influence what is nominally a local and regional issue.
In regions of the developing world where electrical grids are weak or nonexistent, people often rely on kerosene. In a webinar on Sept. 16, staff from four pay-as-you-go solar companies described how they are building rural sales networks in Africa and India to replace kerosene lighting.
On the surface, Citi’s recommendations of global climate investment goals, published in August in the report “Energy Darwinism II: Why a Low Carbon Future Doesn’t Have to Cost the Earth,” look deceptively simple. But a closer look at the patchwork of international regulations, legislation, and carbon markets reveals that financing clean energy in developing nations may be quite challenging to accomplish.
How can social enterprises finance solar power and other investments sustainably while also bringing funding up to scale? SELCO Foundation hosted two roundtable discussions in India in 2014 and 2015 to ask stakeholders how to respond to these challenges. The roundtables and a set of interviews yielded a report, “Bridging Gaps: Investors and Social Energy Enterprise.”
Imagine you could design the electricity market in one state from scratch. There are no pre-existing programs to satisfy and no political baggage to consider. Your only guideline is to allow the continued growth of solar power and distributed generation. You’re given a blank slate on which to envision a long-term, sustainable energy market. What would it look like?
On Oct. 20, stakeholders from across the clean-energy-finance sector came together for the day-long conference in New York City, Innovations in Clean Energy Finance IV: Market Successes and Lessons for Lower Income.