Topic: renewable energy

RELEASE: Green Power Market Development Group Announced at Clean Energy Ministerial

Michael Oko — Fri, 19 Apr 2013 15:36:02 -0400

Business group will help increase the uptake of renewable energy sources in India

A group of leading businesses and organizations announced the expansion of India’s Green Power Market Development Group (GPMDG) at the Clean Energy Ministerial in New Delhi. The objective of the GPMDG is to transform energy markets and enable corporate buyers to access reliable and clean energy, diversify their energy portfolios with green power, and reduce their impact on climate change.

According to the latest reports, clean energy investment dipped in 2012, but it still was nearly $270 billion, which is a five-fold increase over the past decade.

Jamshyd Godrej, Chairman of CII - Godrej GBC said, “Moving to clean energy makes good business sense—and it can be done economically so that it benefits businesses and consumers alike. This innovative partnership brings together leaders in business and the non-profit arenas so we can mobilize action while understanding the underlying financial, regulatory and environmental considerations. If done right, the partnership can really help to spur the deployment of renewable energy in India.”

The GPMDG in India already has seven businesses on board with combined market value of more than $450 billion. It is being organized by the Confederation of Indian Industries (CII) and the World Resources Institute (WRI), with the support of Shakti Foundation, Caterpillar Foundation, and US Department of Energy.

The GPMDG, which was recently launched in Bangalore, brings together renewable energy buyers, sellers and regulators together on a common platform. Its aim is to help close the supply-demand gap with renewable energy sources. GPMDG intends to integrate both utility scale and decentralized renewable energy options into industrial parks and housing developments in Bangalore.

“We need to accelerate the deployment of renewable energy in order to increase access to reliable and clean energy,” said Manish Bapna, Managing Director, World Resources Institute. “Companies can help generate this growth by procuring clean energy that is less expensive than diesel-based alternatives and will soon be cheaper than grid-based alternatives. The Green Power Market Development Group can be a powerful catalyst toward reaching these goals.”

By aggregating demand through a critical mass of participants, the GPMDG helps corporate renewable energy procurement achieve greater scale. It will help companies collaborate to buy renewable energy efficiently, and not in a fragmented way. GPMDG companies can be leveraged to build demand for renewable energy procurement, support new renewable energy projects, raise awareness and influence policy. Interactions between the private sector and policymakers will explore policy solutions and identify modifications in regulatory measures which can facilitate and encourage renewable energy purchase agreements.

Mobilizing Climate Investment: The Role of International Climate Finance in Creating Readiness for Scaled-Up, Low-Carbon Energy

Sarah Parsons — Fri, 22 Feb 2013 15:20:51 -0500

Executive Summary

Between now and 2050, developing countries need an estimated $531 billion per year of additional investment in energy supply and demand technologies in order to limit global temperature rise to 2° C above pre-industrial levels. To achieve this scale of investment, developing country governments and custodians of international public finance will need to deploy limited public finance in ways that leverage an unprecedented volume of private sector investment. Despite growing global investment in low-carbon energy and falling costs, it will be difficult to achieve the scale and urgency of investments needed without the appropriate policy, institutional, industry, and financial conditions. Governments and their international partners need to undertake “readiness” activities designed to put in place the conditions that attract scaled-up investment and enable a transformation toward low-carbon energy development pathways.

Drawing on six developing country case studies, this report identifies a set of key lessons and insights for readiness. The report develops a framework to identify and prioritize readiness activities that will require public financial support to create the conditions necessary to scale up investments in renewable energy and energy efficiency (collectively referred to as low-carbon energy). The report discusses the implications of the findings for international climate finance and draws a number of recommendations for the Green Climate Fund (GCF). It targets international public funds and institutions looking to accelerate investment in low-carbon energy, as well as developing country governments looking to identify and prioritize activities for funding.

Enabling conditions for scaling up investment

We identify a number of policy and institutional, industry, and financial sector conditions that can attract scaled-up public and private investment in low-carbon energy. Policy and institutional conditions include plans and targets for low-carbon energy, institutional capacity to effectively implement climate change and energy policies, laws supporting investment in low-carbon energy, and regulatory and fiscal instruments to implement laws. Industry conditions include the capacity of developers to prepare bankable projects, information on renewable resource availability or options to conserve energy, engineering capacity, and the presence of a support industry and enabling infrastructure. Financial conditions include a stable financial sector with the capacity and range of financial products needed to support low-carbon energy.

In six case studies, we analyze the role that enabling activities have played in promoting scaled up investment in low-carbon energy, and the role that international public finance has played in supporting such activities. These case studies examine energy efficiency in Thailand, wind power in South Africa, solar water heaters in Tunisia, geothermal power in Indonesia, wind power in Mexico, and energy efficiency in India. Taken together, the case studies suggest two overarching determinants of success in scaling up investment: government leadership and effective responses to pricing distortions. When government leadership is strong, a commitment to policy and institutional reform and implementation of stated goals usually follows. This in turn strengthens the investment climate and increases investor confidence. In cases where market failures severely distort the market in favor of carbon-intensive energy sources, it has been more difficult to create the conditions that attract investment in low-carbon energy.

Lessons learned for the design of readiness activities

The case studies also reveal a number of lessons about the design of readiness activities and the role of international partners in supporting them.

Small amounts of long-term funding for enabling activities can help scale up investment

In each case study, small investments in enabling activities—from several hundred thousand dollars to several million dollars—helped pave the way for scaled up private and public investments by supporting the creation of conducive policies and market conditions. International support has been most effective when sustained over five or more years. Technical support can also be more effective if international advisors are integrated into national institutions and report to national, rather than international, authorities.

International support is likely to be more effective if it identifies and targets a few critical barriers to investment. In countries with comparatively few enabling conditions for investment, attempts to simultaneously surmount all investment barriers may result in resources being spread too thin to achieve a significant impact. Chapter 4 presents a framework that can aid governments and their international partners in identifying activities to support.

Strengthening the enabling environment should not end when investment begins. In each case study, readiness activities and larger investment took place simultaneously. Even in cases where the investment climate was already strong, there was still scope for additional enabling activities to address specific gaps.

Integrated, inclusive planning processes and policy and institutional reform are key to attracting investment

The integration of low-carbon energy into a broader development agenda can enhance coordination and alignment between different sectors of the economy. Civil society and private sector actors can bring valuable expertise and experience to the planning process, and play important roles in ensuring that low-carbon energy policies and plans are realistic, robust, and tailored to the needs of the country. International support should be aligned with national plans and priorities for effective and sustained outcomes, and should be flexible enough to respond in a timely manner to evolving priorities.

Changes to the policy and regulatory environment proved crucial to attracting investment on a significant scale in the case studies. International support for the design of policies is likely to be effective only if it is demand-driven and not seen as infringing on national sovereignty. Countries that have set up their own financial mechanism to support low-carbon energy projects are well positioned to implement their objectives effectively and independently, thereby reducing their reliance on international partners to finance their low-carbon energy needs.

Having the appropriate institutions in place to develop, implement, and regulate policy reforms—and empowering them with the mandate and resources to carry out their functions effectively—helped ensure that policies were coherent and consistent, which increased investor confidence.

In key institutions, strengthening the capacity of staff and management to carry out their functions is an important readiness activity that often requires international funding support. The case studies suggest that capacity-building support is most effective when carefully targeted to address particular skills gaps.

Tackling information barriers and strengthening industry and financial sector capacity can unlock investment

Public support for broad-scale renewable resource assessments or exploration can provide information on resource availability that is key to attracting investor interest. Similarly, measures to familiarize industry and other actors with low-carbon energy options—such as training centers, awareness campaigns, and seminars and workshops that bring together stakeholders—can strengthen industry knowledge of and capacity to implement renewable energy projects, and raise awareness of the potential cost savings from energy efficiency.

International support plays an important role in facilitating learning and demonstrating new financing models for renewable energy, as well as strengthening industry’s capacity to develop and implement low-carbon energy projects. In some cases, international support to strengthen the capacity of small and medium enterprises (SMEs) and improve their access to financing for low-carbon energy projects has helped unlock investment by this sector of the market.

Financial institutions can play a key role in opening the market for low-carbon energy technologies. However, some financial institutions lack knowledge of and experience with these technologies. Strengthening the capacity of financial institutions to support renewable energy and energy efficiency projects, including through pilot financing programs, has been important in scaling up domestic sources of finance for low-carbon energy in several cases. In some cases, the high risk—real or perceived—of investing in low-carbon technologies without a proven track record in the country has deterred domestic financial institutions. Mechanisms that carefully allocate risks to those best placed to manage them can help attract financing from domestic banks and other financial institutions.

A framework for guiding readiness support for low-carbon energy investments

Building on the experiences of the six case studies, we propose a framework to guide governments and their international partners in determining how best to provide readiness support to countries with low-carbon energy sectors in different stages of development. The framework describes some of the activities required to strengthen the enabling policy and institutional environment for investment. In the early stages of development, these include support for assessing energy options, engaging stakeholders in the energy planning process, capacity building for government agencies and civil society, technical support for developing plans and strategies, and outreach activities. In later stages, activities include support for designing and implementing regulations and fiscal instruments, and targeted capacity building for government agencies, including local governments.

The proposed framework also describes some of the activities needed to strengthen the enabling industry and financial conditions for investment. In early stages of development, these include renewable resource assessments and energy conservation awareness campaigns, capacity building for project developers and financial institutions, support for technology transfer and localization, feasibility studies and environmental and social impact assessments, and support for financial sector reform. At later stages, activities include strengthening engineering capacity for low-carbon energy projects, supporting ancillary industries (such as upgrading grid infrastructure), and supporting financial institutions to assess and finance low-carbon energy projects.

Recommendations for the Green Climate Fund

The six case studies illustrate different approaches that various international partners have used to support readiness activities. The lessons learned are intended to inform the recently established GCF as it attempts to identify how best to support a paradigm shift toward low-emission and climate-resilient development pathways. Although the GFC’s detailed operational modalities are not yet defined, it could take a number of approaches to support readiness. These include supporting readiness directly or partnering with existing institutions; establishing distinct channels and allocations for readiness or integrating enabling activities into existing channels and allocations; and supporting readiness through the private sector facility.

STATEMENT: WRI Response to the State of the Union

Michael Oko — Tue, 12 Feb 2013 22:01:05 -0500

In his State of the Union address, President Obama presented his priorities for his second term, including addressing the threat of climate change.

New analysis by the World Resources Institute has identified four essential steps the Obama Administration can take to reach its national target of reducing greenhouse gas emissions by 17 percent below 2005 levels by 2020.

Following is a statement by Andrew Steer, President, World Resources Institute:

“President Obama made it clear that climate change is one of the great challenges of our generation. It’s a national priority that is essential for the country’s economic future and its global competitiveness. He announced that we ‘must do more to combat climate change.’ If the president puts these words into action, citizens of the United States will be better off, as will citizens around the world.

“The President declared that he will direct his Administration to cut pollution, prepare the country for the consequences of climate change, and shift to more sustainable energy– these policies will be good for people and the economy.

“The President also called on Congress to engage on this issue. This is important. While the President can and should act, the cost would be lower and the benefits greater with market-based legislation that would effectively put a price on carbon.

“Analysis by the World Resources Institute shows that the Administration can make significant progress in reducing emissions. It can start by enacting standards for existing power plants, which represent the largest portion of U.S. emissions. The U.S. can also make progress by cutting emissions of hydrofluorocarbons, tackling methane from natural gas systems, and enhancing energy efficiency.

“By reaching its emissions target, the U.S. can signal that it’s serious about tackling climate change at home while enhancing its credibility on the global stage. With more droughts, wildfires, and extreme weather events taking their toll around the globe, the world desperately needs more action. And, it needs the United States to be a leader on climate change.

“The Obama Administration has the tools. Now is the time to use them.”

–

Read an Op-ed by Andrew Steer in the Hill about how the Administration can reduce U.S. emissions.

Read more about WRI’s new report on U.S. emissions, “Can the U.S. Get There From Here?”

Implementation Strategies for Renewable Energy Services in Low-Income, Rural Areas

Sarah Parsons — Sun, 10 Feb 2013 10:10:46 -0500

Executive Summary

This issue brief is the first in a series of three that focus on expanding the delivery of affordable, renewable energy in developing countries. It describes the core business strategies employed by a group of socially oriented energy enterprises and organizations working to provide distributed, renewable energy services to low-income, rural communities and provides examples of how these strategies were implemented.

The enterprises and organizations described here promote the social, economic, and environmental benefits of delivering clean energy services to individuals and communities that are not well served by traditional energy providers. Their business models combine social and environmental objectives with entrepreneurship. Although these enterprises function across different countries and contexts, they are characterized by a common focus on clean, affordable, accessible, and scalable energy solutions. Millions of underserved people in 11 countries around the world have benefited from the work of the enterprises highlighted here.

This series is rooted in a three-day workshop held by the World Resources Institute (WRI) and the DOEN Foundation in March 2012 as well as follow up interviews that gathered the experiences of 25 socially oriented energy enterprises, organizations, and financiers who understand the energy needs of low-income consumers in developing countries.

Over the course of the workshop and interviews, participants identified four core strategies common to their business models: (1) understanding consumer needs, preferences, and capacity to pay; (2) demonstrating the value of a new technology or energy service delivery model; (3) building and maintaining consumer trust in the product and the supply chain; and (4) designing financing and payment schemes that fit within consumer energy budgets.

This brief examines each of these strategies, first through exploring its rationale and then by considering specific examples of its implementation. Although the energy access solutions discussed still face obstacles for scale up, several socially oriented energy enterprises and organizations have proven that with the right delivery mechanisms, and effective and efficient financing, many consumers can access affordable, cleaner energy services.

STATEMENT: President Obama Commits to Climate Change Action In Second Inaugural Address

Sarah Parsons — Mon, 21 Jan 2013 18:46:20 -0500

Following is a statement by Andrew Steer, President and CEO, World Resources Institute:

“Today, in his second inaugural address, President Obama set a clear priority for America: address climate change and become a global leader on renewable energy development. Actions toward this end could play a transformative role in promoting America’s future prosperity, and could also help bring about a truly global response to the challenge of climate change. We agree with the president when he said that ‘outworn programs are inadequate to the needs of our time.’

“In the coming months, we look forward to the Administration following through on the president’s ringing call to action. It will be particularly important to move forward with emissions limits on existing power plants and to use other existing federal authorities to reduce greenhouse gases and drive clean energy technologies. The president has already committed to launch a ‘national conversation’ on climate change—this discussion will be critical for communicating global warming’s risks and building momentum, both locally and nationally. In addition to national action, we look forward to a strong foreign policy agenda with climate playing a key role — including bringing a serious, ambitious plan to the UNFCCC international climate negotiations.

“Meeting these goals—in line with the Administration’s existing target of reducing greenhouse gas emissions 17 percent below 2005 levels by 2020—will be key if America is to become a global leader on renewable energy and climate action.”

ADVISORY: WRI's Stories to Watch 2013

James Anderson — Thu, 20 Dec 2012 14:03:26 -0500

WRI will host its 10th annual Stories to Watch event on Tuesday, January 15, 2013, at the National Press Club in Washington, D.C. Dr. Andrew Steer, WRI’s President & CEO, will present insights into the big environmental and international development trends and events that will affect people and the planet in 2013.

Topics will likely include: What will the Obama Administration do to address climate and energy? How will China’s new leadership advance its goal of “ecological progress”? What countries will emerge on the forefront of sustainability? And, how will financial constraints impact businesses seeking to shift to a more sustainable pathway?

A continental breakfast will be served.

WHAT
World Resources Institute’s Stories to Watch 2013

WHO
Dr. Andrew Steer, President & CEO, World Resources Institute.

Dr. Steer is a leading expert on economic development and environmental issues. He has three decades of experience working on international development and on the front lines in Asia and Africa, and at a senior level in international policy roles.

WHERE
National Press Club
Holeman Lounge
529 14th Street, NW
Washington, D.C. 20045

CALL-IN INFO
USA (Toll Free): (866) 803-2143
International (Toll): + 1 (210) 795-1098

Access code: “WRI”

WHEN
Tuesday, January 15, 2013
9:00 - 10:30 a.m. ET

Use #STW2013 on Twitter.

RSVP required to press@wri.org

Greenhouse Gas Mitigation in the EU: An Overview of the Current Policy Landscape

Sarah Parsons — Thu, 29 Nov 2012 18:33:42 -0500

Executive Summary

In 2009, the European Union (EU) pledged a unilateral greenhouse gas (GHG) reduction target of 20 percent below 1990 levels by 2020, rising to 30 percent if “other developed countries commit themselves to comparable emission reductions” (European Council 2009). The EU’s GHG target forms one pillar of a so-called 20-20-20 package that, in addition to the 20 percent GHG reduction, demands a 20 percent share of renewable energy sources in gross final energy consumption along with a 20 percent improvement in energy efficiency by 2020. In addition to its 2020 targets, the EU has also set a long-term GHG reduction goal of 80 to 95 percent from 1990 levels by 2050.

In the context of these goals, this report provides a summary of existing and emerging EU policies that are likely to reduce GHG emissions across the EU. Our analysis focuses on policies that are mandatory or provide a financial incentive, such as the European Union Emissions Trading System (EU ETS) – a cornerstone of EU climate policy – the Renewable Energy Directive, and the Biofuels Directive. We discuss the relationship of these policies to the EU’s GHG and energy targets, and identify key issues to watch in the EU’s evolving policy landscape.

This report draws on projections from the “Energy Roadmap 2050” to assess whether the EU is on track to reach its GHG, renewable energy and energy efficiency targets. We find that the EU is on track to surpass its 2020 GHG reduction and renewable energy targets based on current policies, but that additional measures will be required to meet the 2020 energy efficiency target and the 2050 GHG reduction goal.

New and emerging policies, including the Energy Efficiency Directive, reforms to the EU ETS, and a proposed Energy Taxation Directive, which aims to restructure taxes on energy products, provide options that can begin to bridge this gap. It will be important to monitor these developments, as well as the EU’s positioning in the international community vis-à-vis the possible strengthening of its 2020 target.

Delivering on the Clean Energy Economy: The Role of Policy in Developing Successful Domestic Solar and Wind Industries

Sarah Parsons — Wed, 14 Nov 2012 14:57:39 -0500

Executive Summary

Data Explorer Tool

The release of this paper is accompanied by the launch of an interactive Data Explorer Tool, which enables users to view, chart, and compare underlying data from our research.

Users can explore data for a specific country–or see how that country stacks up against others–in terms of correlating select “benefits” (manufacturing, domestic installations, and jobs) with changes in key national policies. In addition to pulling out raw data, the tool allows users to uncover the stories inside the numbers: For example, how does the growth in wind manufacturing capacity in China compare to the U.S. over the past 10 years? And what key policies were introduced in both countries over that period?

The renewable energy industry is expanding to meet the needs of a large and growing global market for clean and secure energy. This growth is likely to continue, with electricity production from non-hydro renewable energy sources expected to grow more than eight-fold from 2009 to 2035, if countries implement their existing commitments, and draw nearly US$3 trillion in investment. In this globalized industry, no single country has a monopoly on the supply chain or the opportunities to benefit from this expansion.

Competition is fierce and the industry is changing rapidly. Energy—and electricity in particular—is a highly policy dependent market, strongly shaped by regulation, incentives, and public goals. There are a number of different factors that drive policymakers to consider the development of domestic renewable energy industries including energy security, environmental considerations, providing more universal access to energy, and as an economic development opportunity. Now, many policymakers are weighing how to take advantage of improvements in the renewable energy global supply chains that include lower costs, higher quality equipment, and improved performance to deliver domestic energy more cheaply, while still nurturing and protecting domestic industries that create highly visible “green jobs.”

These two goals—creating robust and growing domestic industries and delivering affordable domestic energy—are both central to business-as-usual economic development. Doing both in the context of reducing greenhouse gas (GHG) emissions and other environmental impacts delivers on the promise of green growth in the energy sector. In nearly every country, it is politically very difficult to pursue one of these goals to the exclusion of the other. There is little political patience with using public resources to support a highly import-dependent clean energy deployment strategy, while raising energy costs, including to support domestic manufacturing or subsidize technologies, is equally politically challenging.

The renewable energy industry seems to offer opportunities to meet energy and economic development goals, but is there evidence that this promise has come to fruition? If there is, how did policymakers help deliver those results for their countries? This paper focuses on solar PV and wind industries in China, Germany, India, Japan, and the United States and provides a historical cross-country analysis, drawing from individual country cases, which aims to:

Determine which policies have been introduced to support the broader value chain—research and development(R&D), manufacturing, installation, and power generation—of the solar PV and wind industries in each country;
Track the trends in industry development in terms of size, installed capacity, jobs created (where available), and equipment prices (where available); and
Analyze how countries are finding success in both creating a healthy domestic industry and delivering low-cost, domestic clean energy.

This working paper emerges from a collaboration of five leading research institutions: World Resources Institute(WRI), Institute for Global Environmental Strategies(IGES), Öko Institut, Renmin University of China, and The Energy and Resources Institute (TERI), based in the target countries. Researchers at each institution reviewed and gathered information from domestic and international data sources to create a richly nuanced but still comparable review of the development of these industries.

The assessment attempts to uncover in particular how policymakers have cultivated successes. Countries have pursued a range of policies to accomplish these goals and there is now sufficient history in the solar PV and wind industries to begin to draw conclusions about whether countries have met their goals and what policy steps have been effective along the way.

ADVISORY: Press Teleconference on Doha Climate Talks

Michael Oko — Thu, 08 Nov 2012 17:32:07 -0500

Full audio recording of WRI’s press call below:

With the U.S. elections just completed and the Doha climate talks fast approaching, this is an important moment to consider where progress can be made on international action to address climate change. The recent Hurricane Sandy, along with other extreme weather and climate events, has delivered a powerful wake-up call about the urgency of shifting to a low-carbon trajectory.

Listen to the audio recording of WRI’s press call here:

On Tuesday, November 13, leading experts from the World Resources Institute will participate in a press teleconference to discuss the state of play and key topics in Doha, including how to move forward with an ambitious climate agreement, the role of the U.S. and other countries in the international negotiations, how to accelerate climate finance, and more.

WHAT
Press teleconference on the UNFCCC climate negotiations in Doha, Qatar (COP18)

WHO
Dr. Andrew Steer, President, WRI

Jennifer Morgan, Director, Climate and Energy Program, WRI

Clifford Polycarp, Senior Associate, Institutions & Governance Program, WRI

WHEN
Tuesday, November 13, 2012 at 9:00 a.m. EST (DC)//14:00 GMT (London)

Media: Call-in 10 minutes prior to the start time

DIAL-IN
+(888) 566-6569 (Toll Free, U.S. only); or

+(517) 308-9326 (U.S. and International)

Access code: WRI

COP 18: Doha

Kevin Lustig — Fri, 02 Nov 2012 09:09:59 -0400

WRI Experts at COP 18

WRI Events at COP 18

COP 18 Commentary

From November 26 to December 7, 2012, the United Nations will host the 18th Conference of the Parties (COP) in Qatar.

WRI experts will be in attendance at this latest meeting under the UN Framework Convention on Climate Change (UNFCCC) to help inform the talks. Here, you can find a variety of materials from the World Resources Institute that shed light on key areas of international climate policy.

WRI Resources for COP 18

ADVISORY: Teleconference on China's Leadership Transition and Implications for Energy and Climate

Michael Oko — Wed, 10 Oct 2012 18:03:10 -0400

The full audio of the press call is available below.

As China’s government prepares for a leadership change in November, many people are wondering what this will mean for key issues, including energy and climate.

The World Resources Institute has gathered leading experts from think tanks and academia to discuss the implications of China’s upcoming transition for U.S.-China relations, clean energy, coal, climate change, and more. They will also put these issues in context for U.S. policymakers.

The speakers are part of ChinaFAQs (www.ChinaFAQs.org), a WRI-led network of independent China experts assembled to provide insight and analysis for U.S. policymakers around climate and energy issues.

The press teleconference is timed with a briefing the same day on Capitol Hill called, “Why China Is Acting on Clean Energy” (Russell Senate Office Building, Room 385; 11:00 a.m. – 12:30 p.m.).

The full audio of the press call is attached. Speakers start at 5:05.

WHAT
Press teleconference on energy and climate issues related to China’s leadership transition

WHO
Joanna Lewis, assistant professor of Science, Technology and International Affairs (STIA), Georgetown University’s Edmund A. Walsh School of Foreign Service

Kenneth Lieberthal, senior fellow, Foreign Policy and Global Economy and Development at Brookings

Deborah Seligsohn, senior advisor, Climate and Energy Program, World Resources Institute

Ailun Yang, senior associate, Climate and Energy Program, World Resources Institute

WHEN
Friday, October 12, 2012

9:30 a.m. EST (DC time)

CALL-IN
U.S. Toll Free: (866) 803-2143
U.S. International Toll: +1 (210) 795-1098
China Toll Free A: 10800-712-1320
China Toll Free B: 10800-120-1320

Access Code: WRI

For more information, contact Michael Oko, Tel. (202) 729-7684; Cel. (202) 246-9269; moko@wri.org

Open Climate Network Analysis

Kevin Lustig — Thu, 17 May 2012 12:16:37 -0400

Use the list to the right to explore available analysis from the Open Climate Network »

Projected Greenhouse Gas Emissions Reductions from the Power Sector under the Clean Energy Standard Act of 2012, S. 2146

Nicholas Bianco — Tue, 08 May 2012 14:50:26 -0400

This analysis provides an assessment of the projected power sector greenhouse gas (GHG) emissions reductions from S. 2146, the Clean Energy Standard Act of 2012 (CESA), introduced by Senator Bingaman and eight cosponsors on March 1, 2012. CESA establishes a standard for clean energy generation in the United States through 2035. In 2035 covered utilities must supply 84 percent of their total annual sales of electricity from clean sources. CESA defines “clean” on the basis of a generator’s greenhouse gas emissions intensity, and thus can drive significant reductions in emissions.

Download the Complete Analysis (PDF, 646 Kb) (includes footnotes and references)
More WRI Bill Analysis

Findings

CESA can reduce GHG emissions from the power sector approximately 12-18 percent (295-428 million metric tons CO2e) below 2005 levels in 2020 and 49-56 percent (1,194-1,357 mmtCO2e) below 2005 levels in 2035, assuming that affected utilities meet their obligations under the program by generating electricity from clean sources or purchasing credits from other clean sources. The figure also compares the projected reductions from CESA to the power sector reductions that were predicted to occur under the American Clean Energy Security Act (ACESA, or Waxman-Markey), which is the only comprehensive climate bill to pass either house of Congress and would have reduced total U.S. GHG emissions (i.e., economy-wide) 17 percent below 2005 levels in 2020.
The GHG reductions from CESA are significant, but not sufficient to reduce U.S. economy-wide GHG emissions 17 percent below 2005 levels in 2020 without ambitious greenhouse gas abatement measures from other sectors.

Power Almanac of the American Midwest

Kevin Lustig — Wed, 21 Mar 2012 14:07:40 -0400

WRI Summary of the Clean Energy Standard Act of 2012, S. 2146

Nicholas Bianco — Wed, 07 Mar 2012 17:18:53 -0500

This summary provides an overview of S. 2146, the Clean Energy Standard Act of 2012 (CESA), introduced by Senator Bingaman and 8 cosponsors on March 1, 2012. The CESA establishes a standard for clean energy generation in the U.S. through 2035.

Download the Complete Summary (PDF, 141 Kb) (includes footnotes and references)
More WRI Bill Summaries

1. What is the Clean Energy Standard Act?

Beginning in 2015, each utility covered under the bill must obtain a certain amount of electricity from “clean” sources. That obligation increases each year, so that in 2035 covered utilities must supply 84% of their total annual sales of electricity from clean sources.
Covered utilities can generate electricity from clean sources to meet the electric demands of their consumers, or they can purchase tradable credits from other clean sources.
Covered utilities that do not generate electricity from clean sources or purchase credits from other clean sources may also comply by paying a fee, known as an alternative compliance payment. That payment starts at 3 cents/kWh in 2015, and annually increases by 5% plus the rate of inflation. Use of revenues collected through this fee is discussed under question 7. (Read more >>>)