According to a recent research study, “Energy Performance Certificates - Informing the Informed or the Indifferent?,” the presence of an energy label on homes does not have any significant impact on home pricing. A team led by Professor Jon Olaf Olaussen from the business school at the Norwegian University of Science and Technology said factors such as the location, landscaping, neighborhood and size of the property take precedence in home purchases. However, this research contradicts several studies that have shown there is a price premium associated with energy labels.
On social media and at industry conventions, it is easy to find high-profile discussions on the technological revolution of electric grids. Experts on energy storage, distributed generation, and wireless options describe how emerging technologies are poised to transform the electricity sector. The hype is real. Energy companies are developing technologies at an increasingly rapid pace. But for all the attention on these new devices and expectations of market growth, there’s still no clear path to widespread adoption. As this series shows, several key barriers prevent technology adoption from keeping up with technology development.
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.
Will utilities upgrade as they encounter new technologies or get left behind? That’s what attendees discussed at one of the final sessions at the Future of Energy Summit in New York City on April 10. When it comes to software, electric utilities are sometimes very far behind other companies.
In a dynamic discussion at the Rockefeller Institute of Government on April 18 in Albany, N.Y., financial experts explained how they “follow the puck” by observing technological and social trends as they move their funds from fossil fuels toward clean energy.
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.
Like a brilliant new TV show, new energy technologies must run the gauntlet of the pilot phase, soliciting interest from utilities and developers. In the electric industry, piloting new equipment can be particularly difficult because new, advanced energy-technology pilots must demonstrate that deployment won’t compromise the stability of the electric grid.
If Pope Francis was the United States Secretary of the Treasury, he might have issued the Department of the Treasury's recent press release on April 22 with this comment from his encyclical “Laudato Si:" “Enlighten those who possess power and money that they may avoid the sin of indifference, that they may love the common good, advance the weak, and care for this world in which we live. The poor and the earth are crying out.”
When the United States renewed funding for Advanced Research Projects Agency – Energy (ARPA-E) on March 23 despite a proposal to defund this energy-innovation agency, what galvanized support for this decision? Two reports published in 2017 by the National Academies Press and Information Technology & Innovation Foundation showed why the agency plays a quiet but energetic role that moves industries forward.
Jon Powers, a military veteran who served as Chief Sustainability Officer for the Obama administration, spoke with Clean Energy Finance Forum on Feb. 22 about what challenges the nation faces in the short run, what public policy measures should be supported and saved, and what a carbon tax could do for sustainable energy.
Growing momentum for energy efficiency financing in the United States has motivated State and Local Energy Efficiency Action Network to conduct around 20 interviews with stakeholders in five states to explore what it takes to make utility-sponsored programs succeed. The research team produced a report that outlines the pitfalls and promises of a wide range of evaluation techniques.
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.
Habitat for Humanity (HFH) is leading the way in developing sustainable, high-efficiency housing for the low- and fixed-income communities. Its latest project, the River Falls Eco Village in Wisconsin, is the first development of its kind to demonstrate that net-zero homes can provide tangible economic and social benefits to low-to-middle-income (LMI) communities.
As the biggest public funder of projects related to climate change, the Global Environment Facility (GEF) has played a crucial role in removing market barriers to investment in clean energy worldwide. Policy de-risking, investment aggregation mechanisms, and capacity building for banks and governments are key areas where the GEF has worked to increase the flow of financing.
What do leaders in the banking industry think about the potential of privately financing solar power, wind energy, and energy efficiency? In this interview, Michael Eckhart, managing director and global head of finance and sustainability at Citigroup, shares his optimism about the transition to clean energy and his observations about the persistent obstacles in the market – including the need to scale up financing for energy efficiency.