Topic: Legislation

Legislation Articles

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.

OPEC Nation Commits to Renewable Energy, But Investors Are Wary

Angola, one of Africa’s oil-producing OPEC countries, has recently announced an ambitious plan to add 800 MW of renewable energy capacity by 2025. In contrast to its carbon-intensive petroleum exports, the country’s energy mix is fairly clean, with over 70 percent of electricity production coming from hydropower. The government plans to maintain a clean energy mix – 66 percent from hydropower and an additional 8 percent from renewable energy – while doubling access to electricity within the next decade.

California Supports Solar Roofs for Multifamily Affordable Housing

Climate resilience pays dividends in financial stability and public health. California has passed legislation, AB 693, that will provide up to $1 billion for solar roofs for multifamily affordable housing. A May report by Clean Energy Group, “Closing the California Clean Energy Divide: Reducing Electric Bills in Affordable Multifamily Rental Housing with Solar+Storage,” found these retrofits can zero out some properties’ net electricity bills.

Mexico City Solar Conference Offers More Questions than Answers

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.

States May Benefit from Appointing Energy Czars

In early 2013, Governor Andrew Cuomo pushed New York state to the cutting edge of state energy regulatory policy by appointing Richard Kauffman as Chair of Energy and Finance. As the nation’s first state energy czar, Kauffman has pushed New York to increase support for renewable energy and to reform regulation of utilities and the electric grid. Several other states may now consider creating similar positions in their own governments. There are good arguments both for and against doing so.

Nuts-and-Bolts Guidance from the 2016 Investor Summit on Climate Risk

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.

Green Bank Network Aims for Global Clean-Energy Investment

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.