New finance and business models for a low-carbon electricity system in the U.S. and Europe can save consumers, investors, and taxpayers billions. Watch the video or read the analysis to learn more.
Video: New business models for a low-carbon electricity system in the U.S. and Europe can save billions
November 10, 2014 | CPI Staff
July 8, 2014 | Patricia Levi
On June 2, in a historic move towards addressing CO2’s climate impacts, the Environmental Protection Agency (EPA) released its Clean Power Plan proposed rule for regulating carbon emissions from existing power plants. The regulations encourage states to take advantage of a range of CO2-reducing methods, like energy efficiency and renewable energy, rather than requiring all emissions reductions to occur at the power plants themselves. Electricity consumers can play an important role in states’ plans to meet the regulations, if regulators can take advantage of all the resources they can provide. Fully utilizing consumers’ electrical resources may require the help of new market structures and business models.
The value that individuals, households, and businesses can provide to the electric grid could be quite significant. Technologies such as rooftop solar panels, “smart” thermostats, more efficient appliances, and electric vehicles, especially when combined with smart meters and other smart grid technologies, could enable consumers to reduce the demands on the grid at peak times and help absorb excess generation from renewable generation when demand is low. As CPI discusses in our Roadmap to a Low Carbon Electricity System, many factors are already conspiring to make these consumer-level resources more valuable and accessible.
Wise use of these so-called distributed energy resources could replace some of the fossil-fuel power plants that would otherwise be needed to balance a renewable-generation-heavy grid, creating cost-effective emissions reductions. They could even make the grid more resilient to future severe weather.
Policy Watch: Companies ask for a clear carbon price, US on track to become world’s largest oil producer, and Australia ready to back Kyoto Protocol
November 19, 2012 | Elysha Rom-Povolo
This week, climate policy headlines from around the world include Australia’s decision to back the Kyoto Protocol’s second phase, companies like Shell and Unilever calling for a carbon price, and a report that puts a $527 billion price tag on the U.K.’s low-carbon energy sector needs.
Shell, Unilever Lead 100 Companies Calling for CO2 Price
Royal Dutch Shell Plc (RDSA) joined Unilever NV (UNA) and more than 100 companies calling for lawmakers worldwide to put a “clear” price on carbon emissions in order to contain global warming.
Companies invest trillions of dollars in energy and infrastructure projects, and, in most cases, don’t consider goals to cut greenhouse gases, the companies said today in a statement that’s due to be presented to European Commissioner for Climate Action Connie Hedegaard in Brussels.
“A clear, stable, ambitious and cost-effective policy framework is essential to underpin the investment needed to deliver substantial greenhouse gas emissions reductions by mid- century,” the companies said in the e-mailed statement. “Putting a clear, transparent and unambiguous price on carbon emissions must be a core policy objective.” Full article.