Topic: Economic Opportunity

Economic Opportunity Articles

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The Struggle to Expand Clean Energy in 2016

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.

Two Global Climate Finance Awards Synergize

Two international awards for climate finance are starting to work together. On Dec. 5, the Global Innovation Lab for Climate Finance announced its three winners. In the same email, Finance for Resilience (FiRe) named its four finalists. FiRe will narrow down the list to two winners at the 2017 Bloomberg New Energy Finance conference in April. 125 project developers applied for one or both competitions.

Clean Energy Jobs Eclipse Coal Jobs in the Midwest

Even without reliably supportive policies that help clean energy grow, Midwestern coal-producing states already have many more jobs from solar and wind power than from coal production. There is also a promising economic opportunity to repurpose assembly lines in Indiana, Michigan and Ohio to manufacture renewable energy equipment.

No Resolution in Sight for International Climate Finance

Some of the largest battles at November’s United Nations climate conference, COP22, broke out over climate financing – who pays for it, who gets the money, and who meets the requirements. The stage for the financing challenges was set in 2009 when developed countries agreed to a target of raising $100 billion USD annually by 2020 in the Green Climate Fund (GCF).

New York Debates How to Finance Low-Income Solar

In most of the United States, low-to-moderate-income (LMI) communities have little to no voice about how solar energy can bring jobs and economic stability. New York is an exception. The state held an extended dialogue on this subject this year through the CDG Low-Income Collaborative. Although the New York Public Service Commission (NYPSC) dismissed the committee’s recommendations, New York State Energy Research and Development Authority (NYSERDA) decided to put some of them in place.

United States Wants Local Banks to Invest in Community-Shared Solar

The United States Department of Energy (DOE) announced this July that it plans to host an event to bring together local bankers and regulators to discuss expanding community solar nationally. With only a few months remaining in 2016, the federal administration is taking small actions that may last long after President Obama leaves office.

Powering Africa Is the Key to Development

Energy poverty affects more than two thirds of those in sub-Saharan Africa. That is, 600 million that live without access to electricity. In 2013, President Obama launched Power Africa to double access to electricity throughout sub-Saharan Africa. Electrifying the continent will catalyze development progress. Energy access is intertwined with several development goals such as women’s empowerment, climate mitigation, and expanded education.