In an interview with CEFF, the Connecticut Green Bank unveiled its plans to bring to market approximately $15 to 20 million of new $1,000 face value “Green Liberty Bonds” around April 22, in recognition of the 50th anniversary of Earth Day. In a twist, the new bonds will be available not just to institutional investors but to retail investors throughout Connecticut and beyond.
South Dakota is a national leader in the proportion of its electricity mix coming from wind energy. CEFF spoke to South Dakota Public Utilities Commission Vice Chairman Chris Nelson about the status of clean energy in the state. He contends that the rise of wind in the state is traceable to federal incentives and a business-friendly policy landscape, and argues that solar may be better positioned for future growth.
Rival developer teams filed formal proposals with Connecticut regulators to build massive new wind farms off New England’s southern coast, with the state having mandated that 40% of its electricity be generated from renewable sources within a decade’s time.
Regulatory changes to the Securities Act in 2016 enabled crowdinvesting, an idea that can usher in a new era of inclusive project finance, ripe to transform the clean energy industry. We need to envision a democratized clean energy future, with renewable energy and climate solution projects originated and owned by the communities that use them.
A new player is entering the fold in New England’s burgeoning offshore wind sector. After years of testing the waters, Connecticut has finally jumped into the offshore wind game with a recently passed target of 2,000 megawatts by 2030. On June 4, the state legislature approved a bill establishing the offshore wind mandate, and Governor Ned Lamont signed the legislation later that same week.
The popularity of solar energy skyrocketed in South Carolina (SC) with the introduction of net metering in 2014 when the state legislature unanimously passed its landmark energy bill. After the introduction of the Distributed Energy Resources (DER) program, the Palmetto State went from having virtually no solar energy to having an installed capacity of 591 megawatts (MW).
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.
“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.
Alaska is strongly affected by climate change volatility – and extensively engaged in fossil fuel extraction. And now it’s considering becoming one of the first states in the nation to have a green bank.