Clean Energy Finance Forum

In July, the state of Ohio passed its HB 6 energy bill, which authorizes $300 million in annual surcharges on utility ratepayers, primarily to fund four struggling coal and nuclear power plants. The bill also scales back the state’s clean energy targets. Now that HB 6 has been signed into law, what changes will it bring for stakeholders in the industry?

Vastly higher clean energy targets are essential to empower the international community to make the leap to a sustainable future, according to Richard Heinberg, coauthor of “Our Renewable Future: Laying the Path for One Hundred Percent Clean Energy.” In this interview, he delves into the practical challenges involved in the global transition to renewable power sources.

Developers in the United States believe that there is still room to maintain an adequate level of return for their power-purchase agreements (PPAs). Electricity prices in recent years have plummeted both for PPAs and in the wholesale market. Even so, developers believe that they can benefit from the expected decrease in capital costs and the increasing clean energy interest from companies.

“There are no jobs on a dead planet,” said Sharan Burrow, general secretary of the International Trade Union Confederation. Burrow is vice-chair of The B Team, a coalition of business and civil society leaders that was founded by Richard Branson and Jochen Zeitz. In an attempt to address the dual dangers of economic injustice and environmental disaster that Burrow’s remark references, The B Team launched the Pledge for a Just Transition to Decent Jobs in August 2018.