Join Carbon War Room founder Jigar Shah, New York state energy czar Richard Kauffman, CBEY advisor Namrita Kapur and other practice leaders for a 90-minute dive. We'll explore how capitalizing tech startups can catalyze action to bring down emissions and bring up employment after the pandemic.
Delaware consumes 100 times more energy than it produces, according to the Energy Information Administration, and gets 87% of its electricity from natural gas. The state’s renewables portfolio consists primarily of solar and biomass; a 120-megawatt offshore wind facility is expected to be online in 2022. CEFF spoke to Tony DePrima, executive director of the Delaware Sustainable Energy Utility (DSEU), about the state’s clean energy landscape.
BP has become the biggest oil and gas company to promise to cut its carbon emissions to net zero by 2050. Bernard Looney, BP’s new chief executive, said that it was “no longer enough” to provide reliable and affordable energy, it had to be cleaner too.
"In the latest attempt by the Trump administration to obstruct the clean energy transition and artificially revive a dying coal industry, the Federal Energy Regulatory Commission — or FERC — has issued an order creating new rules that unfairly favor electricity from coal plants over cleaner and less costly alternatives."
Though 45% of utility employees surveyed in Utility Dive's 2020 State of the Electric Utility Survey see the transition's cost — including stranded assets — as a top risk for the sector, only 18% see generation retirements and stranded assets as a top concern and just 14% said stranded assets present a major challenge to a changing fuel mix.
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."