Many have boiled down the seminal Inflation Reduction Act, and many are burrowing into it. To set boundaries and context beyond the timing of tax credits, consider an analogy to how another blockbuster set of policies altered one of the world's more emissions-intensive cities.
At a deal level, tax equity never looked easy. At an institutional economy-nudging level, its harder still. This installment sets out some structural blocks and ways over them.
In San Francisco, youth are protesting the climate crisis as pledges emerge in Glasgow. (Photo outside BlackRock's San Francisco office by Peg Hunter, via Flickr Creative Commons.)
A bumper crop of climate pledges and plans land in your inbox, but how many make it to your term sheet? This investigation follows a few global finance pledges, setting them against capital needs and focusing on partnerships and local efforts as units of action.
Apeel, a startup that's recently drawn venture investment, makes an edible coating to extend produce's shelf life. (Photo courtesy apeel.com .)
Financing through each stage of a venture's growth is possible - and increasingly available for climate-related startups. How do startups keep gaining investors as they grow into commercial companies and build their emissions-reduction bonafides at the same time?
(Courtesy Governor Phil Murphy's Flickr account.) A new capacity market framework for PJM could make offshore wind from this segment of New Jersey more competitive more quickly.
Now, to advance the buildout of renewable energy, FERC should set a process and timeframe for adopting a new market structure. That structure should be adaptable and transparent, advance state offshore wind policy goals, meet consumer clean energy and equity goals, and maintain reliability.
