Before it shut down and reopened its economy, Germany stood out for policies the government called the Energiewende, which sought to convert Europe’s largest economy to run only on fossil-free sources. Covid-19 froze its implementation, as it has frozen much of the world. Now Germany has reopened schools and businesses. While some argue that COVID-related pressures will curb enthusiasm for the conversation on climate change, others believe that the need for economic stimulus could create fiscal space for policymakers to rebuild a cleaner, more sustainable world. This debate is beng held in virtual board rooms and city halls across Germany...
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.
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.
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.
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."