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.
Upgrading its projections for the clean power sector yet again, the influential agency suggested that by 2024 developers will have added enough new renewables capacity to the global grid to match demand from the entire U.S. economy.
The MI Power Grid program will focus on three areas: customer engagement, integrating emerging technologies and optimizing grid performance and investments. Business groups and one of the state's largest electric utilities, Consumers Energy, applauded the move.
Bard MBA student Sahara James spoke with Rob Threlkeld, global manager of sustainable energy, supply and reliability for General Motors, about how GM has responded to changes in the renewables landscape, how company leadership reacted to his team’s pitch to join RE100, and why there’s still power in numbers.
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.
A number of offshore wind projects won contracts to sell power at guaranteed prices in a U.K. auction. The price of 39.65 pounds per megawatt-hour ($49.70) was 31% below the level in a similar auction two years ago.
While the U.S. is second only to China in onshore wind power capacity — which is neither as reliable nor as efficient as offshore, but a lot cheaper to build — it lags behind China, Germany, the U.K., and other countries in taking advantage of the stronger, steadier gusts at sea.
Rival developer teams filed formal proposals with Connecticut regulators to build massive new wind farms off New England’s southern coast, with the state having mandated that 40% of its electricity be generated from renewable sources within a decade’s time.
To support decarbonization efforts, we will have to overhaul our transportation system. Over the course of the past century, we used fossil fuels to revolutionize the way we move from place to place — creating unprecedented mobility, but substantially contributing to climate change. About 30% of U.S. greenhouse gas emissions come from transportation. But we can look to key states for a glimpse of what climate leadership on transit looks like.
States across the country have led efforts to revamp the electric grid: modernizing century-old systems, promoting energy efficiency, and investing in distributed energy generation that replaces central grids. Through smart investment and incentives, the federal government has the ability to usher in this new energy future nationwide, and ensure that all share equitably in the benefits — and that those who suffer from the highest energy burden receive the most help.