A conference convening 450 investment professionals, 40 speakers and more than 30 sponsors, Sustainable Investment Forum 2019 sparked debate and introspection among its attendees. The event focused on the importance of climate resilience, climate-aligned investment and how the financial sector can play its part to ensuring a swift global energy transition.
What if excess carbon in the atmosphere could be converted to more useful forms? That’s the ultimate goal of carbon conversion companies such as Opus 12, a startup in Berkeley, California. Making stuff out of carbon dioxide could be a trillion-dollar industry by 2030, and it creates an economic incentive to start removing carbon from the atmosphere sooner rather than later, which is a critical piece of most scenarios for limiting global warming to 2 degrees Celsius.
Although China’s conventional auto industry has never matched that of nations like Germany, Japan or the United States, the nation has managed to outpace rivals in the production and adoption of electric vehicles (EVs). Last year, the majority of all the world’s electric cars were sold in China. China’s electric vehicle purchases exceeded U.S. sales by 2015 and in 2018, over 1.1 million electric cars were sold in the country.
This summer, ExxonMobil announced it would be working with carbon removal company Global Thermostat to help scale up their technology, with an eye towards large industrial applications. The announcement is the latest indicator that fossil fuel companies are looking ahead towards a world that’s far less friendly towards their products and the emissions they produce.
Maine’s renewable energy landscape is poised for big changes. Legislation passed into law in June establishes greenhouse gas emission reduction targets and an ambitious renewable portfolio standard. In this interview, Dylan Voorhees, climate and clean energy director of the Natural Resources Council of Maine, explains what the new laws mean for the state, and what brought about the shift in policy.
Regulatory changes to the Securities Act in 2016 enabled crowdinvesting, an idea that can usher in a new era of inclusive project finance, ripe to transform the clean energy industry. We need to envision a democratized clean energy future, with renewable energy and climate solution projects originated and owned by the communities that use them.
In July, the state of Ohio passed its HB 6 energy bill, which authorizes $300 million in annual surcharges on utility ratepayers, primarily to fund four struggling coal and nuclear power plants. The bill also scales back the state’s clean energy targets. Now that HB 6 has been signed into law, what changes will it bring for stakeholders in the industry?
“Smart” contracts leverage blockchain technology to streamline and automate many of the most technical and time-consuming financial and logistical steps in smaller-scale solar development. Furthermore, smart contracts integrate peer-to-peer financial mechanisms, tapping into new capital pools for small and distributed renewable systems.
A new player is entering the fold in New England’s burgeoning offshore wind sector. After years of testing the waters, Connecticut has finally jumped into the offshore wind game with a recently passed target of 2,000 megawatts by 2030. On June 4, the state legislature approved a bill establishing the offshore wind mandate, and Governor Ned Lamont signed the legislation later that same week.
Brandon Cheshire is board president of the Arizona Solar Energy Industries Association and founder of SunHarvest Solar, as well as a licensed electrician. In this interview, Cheshire lays out a solar industry perspective on how to advance clean energy in the state.