Look at the electrical systems around you. You might not know it, but from power plants with towering smokestacks to wires across the nation, the grid is changing faster than ever before. When utilities make investments approved by state regulators, the cost of the investment plus a reasonable ROI is spread out over the useful life of the equipment and bundled into your electricity rate. However, this traditional model of cost recovery does not support utility adoption of advanced energy technologies.
When refugees and migrants escape adverse circumstances in search of better lives, the organizations that assist them tend to not prioritize sustainable energy development as a tactic. But if these relief providers follow the recommendations of two reports published by the EU Energy Initiative Partnership Dialogue Facility and Moving Energy Initiative, they will start doing so.
Combining renewable energy with female empowerment, Empower Generation is an organization introducing solar energy and unique business practices to the Terai region in Nepal. By training women in rural communities to start, manage and expand their own businesses, Empower Generation uses entrepreneurship as a tool for social, economic and technological change.
According to the International Energy Agency, $3.5 trillion USD of clean energy investments is needed each year through 2050 to offset the rise in carbon emissions. At the same time, an underinvestment in global infrastructure has restricted reliable access to key resources such as energy, sanitation and water. A recent study, “The Financial Performance of Real Assets Impact Investments,” conducted by Cambridge Associates and Global Impact Investing Network, shows that investments in real asset impact funds can profitably address both of these issues and help improve the livelihoods of billions of people.
Small Island Developing States (SIDS) are on the front line of climate change, facing the damage of shrinking coastlines and the ravages of tropical storms. However, these 57 island nations around the world can attempt to address this global challenge by relying on their renewable resources including sunshine, wind, hydropower and biomass. The topic was the subject of multiple events in November at COP23 in Bonn, Germany.
Momentum is building in the private sector for climate resilience financing. This necessary acceleration could help to avert the worst consequences of climate change. Financiers and others weighed in about their priorities and goals at COP23 in Germany on Nov. 13 in the Bonn Zone. They shared their thoughts and successes from developing pathways for resilience financing.
In 2017, a number of companies have been working to use blockchain technology to enable alternative markets for energy trading and models for renewable energy financing. The more prominent ones include Suncontract, PowerLedger and Wepower. This may result in increased transparency for energy transactions.
As world leaders met in Bonn, Germany in November for COP23, the challenge of climate finance projects in developing countries took center stage. A second challenge receives less attention: fewer than 10 percent of development finance from international climate funds reaches the local level. This finding is presented in a paper called “Delivering Real Change: Getting International Climate Finance to the Local Level.” It was published by the International Institute for Environment and Development (IIED), a London-based policy-research group.
As decision makers gathered at COP23 this November in Bonn, Germany, they considered strategies that could empower them to reach the United Nations Sustainable Development Goals (SDGs). Financing sustainable infrastructure is one of the keys to putting these goals in motion. According to Laura Canas da Costa, senior advisor in sustainable infrastructure financing at WWF Switzerland, developing nations will be building extensive amounts of infrastructure as they pursue the SDGs. Traditionally, up to 70 percent of infrastructure financing comes from the public sector.
Many utilities and investors still view wide deployment of renewable energy technologies with caution. But conversations at the 2017 Harvard Business School Energy Symposium on Oct. 21 indicated markets have reached an inflection point.
At a public event in Boston on June 11 called "Designing Solar’s Value: A Stakeholder’s Forum," speakers outlined an ambitious proposal to shift the entire framework of solar financing in Massachusetts to a value-of-solar model. The newly founded Northeast Solar Energy Market Coalition (NESEMC) cosponsored the event, which was hosted by Solar Energy Business Association of New England (SEBANE).
Greentech Media’s first international Solar Summit, held on Jan. 27-28 in Mexico City, left more questions than answers about the future of solar in Mexico. Speakers said that the solar markets are in flux at all levels of development. The country is far from reaching a steady state. Developers who are willing to take risks could enjoy huge payoffs but must first face significant regulatory uncertainty.
A joint committee of Massachusetts senators and representatives is approaching a decision on the future of solar power. The decision will determine how to modify net metering, an incentive policy that is critical to most solar projects' financial viability. Meanwhile, utilities are unable to plan for their systems and developers have been forced to ice projects at all stages.
While making strong motivational statements at the 2016 Investor Summit on Climate Risk in New York City on Jan. 27, speakers also laid forth an ambitious set of targeted goals to implement the Paris climate conference’s agenda. These goals included implementing climate disclosure requirements; advocating for stable, economically meaningful carbon pricing; ceasing investment in coal; leveraging pension funds; scaling up green banks; clarifying what constitutes a green bond; and analyzing risks on an industry-by-industry basis.
Eden Full Goh discovered the potential of solar power when she was just 10 years old. She had come across a book in the library that taught her how to build a small solar-powered car. Once she took the book home and built it, she was hooked. She wanted to see what else she could do with this...
They appear periodically, but predictably - media reports about the powerful, corporate utilities seeking to block consumer access to rooftop solar and maintain control of the grid versus the plucky, disruptive solar companies, fighting to bring clean, free power - and energy independence - to the...