Shocks can spark interest in secure sources of energy. For that reason, some insiders argue that distributed power can gain a surge of customers- even amid harsh financial conditions for solar and wind projects.
The Virginia Clean Economy Act, narrowly passed by both chambers of the state legislature, sets one of the largest energy storage targets in the country at 2.4 GW by 2035 and pushes state regulators to devise a carbon dioxide cap and trade program that complies with the Regional Greenhouse Gas Initiative (RGGI).
A network of 54 central banks and industry supervisors formed in 2017 is looking for ways to develop a new framework for climate risk management in the financial sector. Many of the group’s members are also on the Basel Committee on Banking Supervision, which sets global capital requirements.
"The role of our financial regulators is to ensure sustainable, efficient markets that protect us from financial and economic disruptions. As we’ve seen over the years, however, they’re not always up to the task."
Canadian startup e-Zn has raised money to store clean energy far longer than currently available batteries allow by using cheap and abundant zinc. The company received CAD $2 million (USD $1.5 million) in non-dilutive grant funding from Sustainable Development Technology Canada, a federally funded body charged with vetting and funding cleantech hardware innovation.
If there’s a silver lining to the Pacific Gas & Electric Company disaster, it’s that — in the midst of filing for bankruptcy — it has opened up the space for conversations about alternatives. And perhaps one of the most interesting of these conversations is based on the idea of transforming the utility into a network of cooperatives: utilities owned and managed by the ratepayers themselves.
As Germany shuttered another of its nuclear power plants on New Year’s Day, the office of Indian prime minister Narendra Modi was said to be considering a proposal which would make coal more competitive with renewables in one of the world’s worst polluting nations.