Topic: Economic Opportunity

Economic Opportunity Articles

Solar panels

Opinion: Crowdinvesting Enables Clean Energy for All

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.
External News

Renewable Energy Can Generate Billions of Dollars in Health Benefits, Study Finds

Ten states across the Midwest and Great Lakes region of the United States could see $4.7 billion in health benefits in 2030 if they stick with current renewable energy standards, according to a new study from MIT. That’s about a 34% return on the $3.5 billion price tag associated with actually building out that infrastructure.
Commentary

Texas’ Power Price Spike and Designing Markets for a Carbon-Free Grid

Last week as Texas’ ERCOT grid reached its price cap of $9,000 per megawatt-hour and the price map on ERCOT’s website became a solid and deep red, many energy market wonks highlighted that this is a feature, not a failure, of the market.
External News

The State of Global Renewable Energy Employment

In 2018, 11 million people were directly and indirectly employed in the renewable energy sector around the world, an increase on 10.3 million the year before, according to data published by the International Renewable Energy Agency.
Point Stonington, CT

Point Stonington in Connecticut / JJBers / CC BY 2.0

Connecticut Looks Before It Leaps on Offshore Wind

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.
Commentary

Opportunity Zones Can Drive Development Of US Renewable Energy

"In the United States, Opportunity Zones have provided developers with new possibilities. The race is now on to determine whether renewable energy developers can catch up to their real estate counterparts in utilizing this new tool."
Reports

Powering Jobs Census 2019: The Energy Access Workforce

"The distributed renewable energy sector has emerged as a significant employer in emerging markets. Although nascent and just beginning to scale, it has already grown a workforce comparative to traditional utility-scale power sectors, and is expected to more than double by 2022–23, according to our early estimates."
External News

Massachusetts Plan Could Double Demand For Offshore Wind Power

The Department of Energy Resources released its report on "the necessity, benefits and costs" of pursuing an additional 1,600 megawatts of offshore wind power, which the Legislature last year authorized but did not mandate, and concluded that it would be a good bet for ratepayers, the environment and the economy.
Commentary

Why Low-Income Households Need to Be Part of the Clean Energy Revolution

Nearly a third of U.S. households struggle to afford their energy bills, with one in five cutting back on or forgoing necessities such as food or medicine to pay for electricity and heat, according to the U.S. Energy Information Administration.