Germany set forth the Energiewende, an aspirational and detailed strategy for quitting fossil fuel, before Covid-19 interfered. Germany drew high marks for its handling of the Covid crisis, and many of its leaders have insisted that recovering its economy means reinforcing the Energiewende's goals. However, the way forward looks rockier. Some politicians have questioned the strategy, calling it a luxury in a time of urgent unemployment. Others call it more essential than ever. In this story, our writer looks through the strategy's evolution to find lessons for how big ideas can survive and even grow more robust in the months...
When the national economy kept churning, state-level green bank leaders crafted ways to help low-income and working communities to afford cleaner power. Now that the Covid-19 crisis has plunged the nation into an unemployment trough, a set of case studies from states hints at what kind of workforce and capital growth can flow from a national climate bank.
What's on the horizon for New Jersey after the Covid-19 crisis? When we spoke with Joseph Fiordaliso, the president of the state's Board of Public Utilities, the vision includes electric cars and buses, wind turbines in the ocean, and busy factories making wind-energy equipment. A Newark native with a crackly voice, Fiordaliso has regulated utilities in three Garden State administrations.
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.
"States can now accelerate deeper progress toward what we really want: a 100 percent clean electricity grid that is also affordable and reliable. Unfortunately, by failing to allow all carbon-free technologies to compete equally, leading states are on the brink of adopting policies that miss the opportunity to achieve all three objectives simultaneously."
"Policies to foster competition in energy are important especially in states like Michigan with regulated electricity markets. In Michigan, regulated investor-owned utilities are the only providers of electricity in the service territories in which they operate."
"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."
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.
In this interview, Susan Glickman, Florida director for the Southern Alliance for Clean Energy, discusses the status of clean energy development in the state. Glickman lays out policy battles over renewable portfolio and energy efficiency standards, the state’s history of natural gas consumption, growth in utility solar programs, and an effort to deregulate the state’s utility industry.