Topic: Economic Opportunity

Economic Opportunity Articles

External News

Michigan Joins Spate of State Grid Modernization Initiatives

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.
Smokestacks

Lowell, MA / Curran Kelleher / CC BY 2.0

Startup Opus 12 Pilots Carbon Conversion Technology

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.
External News

The World’s Biggest Offshore Wind Farm Will Be as Cheap as Coal

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.
External News

Why It’s So Hard to Build Offshore Wind Power in the US

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.
External News

Offshore Wind Farm Proposals Hit the Desk of Connecticut Regulators

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.
Greta Thunberg at New York City climate strike

Climate activist Greta Thunberg at New York City's Climate Strike in September 2019. (AP Photo/Eduardo Munoz Alvarez.)

Part V: Building the Low-Carbon Future

These policies, taken together and adopted at national scale, would allow the United States to do its part in limiting global warming to 1.5°C. Can it be done? The final installment of “Look to the States” concludes with an outlook and some tools — drawing once more from state-level successes — for putting a decarbonization plan into practice.
Rooftop solar installers in CO

Workers install rooftop solar panels at the National Renewable Energy Laboratory's Research Support Facility in Golden, CO in 2013 / U.S. Department of Energy

Part III: A Modernized, Efficient and Equitable Electric Grid

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.
Block Island Wind Farm

Block Island Wind Farm / Chris Bentley / CC BY-NC-ND 2.0

Part II: Setting Climate Targets and Creating Tools to Achieve Them

For years, red and blue states across the country have been building the policy architecture for ambitious national climate action. Part II of "Searching for a New Deal on Climate" explores how the federal government can follow the states’ lead on setting economy-wide greenhouse gas targets, establishing renewable energy requirements for electric utility portfolios, and building out new renewable energy generation.