The story of a small property owner and a repaired boiler hints at the potential multipliers in C-PACE, a program that lets owners use energy savings to repay loans for upgrades. Keys to the program include training and coaching, which make the savings easier to achieve and quicker to see. Can programs like this provide cues to states revving out of the shutdown?
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.
Microsoft unveiled plans to invest $1 billion to back companies and organizations working on technologies to remove or reduce carbon from the earth’s atmosphere, saying efforts to merely emit less carbon aren’t enough to prevent catastrophic climate change.
In 2017 data centers in the U.S. alone used more than 90 billion kilowatt-hours of electricity, equal to the output of 34 power plants of 500 megawatts (MW) each. If all those plants were coal-fired, they’d have pumped out over 100 million tons of carbon dioxide - more than 2% of the CO2 produced by the entire U.S. economy in 2018. As demand for data centers picks up, so do the pressures – environmental, financial and regulatory – to develop them in a sustainable way.