U.S. oil and gas companies, and their investors, are at risk of significant stranded assets because they are not adequately reflecting the impacts of the climate crisis and the clean energy transition in their financial reporting
Grid modernization is getting into gear across the country as electric utilities continue to work to automate distribution and smarten the grid. Buoyed by validating data, states such as California, New York, Illinois and Massachusetts are leading the way, providing blueprints for other regions to follow.
Demand for carbon offsets has rocketed despite a lack of clarity over what role, if any, they will have in a possible UN-backed international emissions market arising out of the Paris Agreement.
The winners in Environmental Finance's 2018 Voluntary Carbon Markets Rankings point to several factors encouraging companies to buy more offset credits: the inclusion of the REDD+ methodology for forestry credits in the Paris Agreement; strong expected demand for offsets in the forthcoming mandatory aviation emissions regime; significant purchases resulting from Colombia’s new climate policies; growing corporate interest in the UN’s Sustainable Development Goals; and the pressure for greater disclosure of carbon emissions data.
It’s been a headache-inducing nexus of active regulation, distributed energy and environmentalism for some electric utilities. Plunging costs of solar power and growing concerns of climate change are inspiring swelling ranks of the largest private and Fortune 500 companies pursuing not only aggressive renewable energy goals for sustainability purposes but also cost effectiveness and resiliency. Now utilities are facing the sobering question of whether to significantly invest in green infrastructure to keep these large customers and risk controversial rate cases, or watch helplessly as that caravan of large, rate-paying customers defects, taking considerable revenue with them.
The concept of “new energy” has ushered in a global movement dedicated to cost-effective sustainability, clean energy technology and grid innovation. Today more than ever, we’re seeing stakeholders and industry giants from all sectors — finance, manufacturing, retail, utilities, technology, even academia — come together in combined efforts.
National Grid has filed with New York regulators an update for distributed system implementation plan, its guide for advancing a cleaner, more efficient energy system.
Now that clean energy has gone mainstream, there is an array of existing and emerging opportunities to scale up clean energy investments while also meeting investors’ risk-return requirements. Across asset classes, clean energy opportunities are available that align with investment fundamentals such as long-term risk diversification. Savvy investors are now moving to understand the expanding opportunities in the clean energy sector, recognizing that this market is growing in terms of the breadth and quality of available opportunities.
Influential investors, companies, hospital systems, colleges, and universities called on Northeast and Mid-Atlantic governors to take steps to modernize the region’s transportation system and keep the local economy thriving.
“As businesses and investors with operations throughout the Northeast and Mid-Atlantic states, we urge you to prioritize policies and investments to create a clean, equitable and efficient transportation system,” more than 70 signatories wrote in letters delivered this week to governors throughout the region. “Our system for moving people and goods throughout the region has a clear impact on business productivity and costs, and our region stands to benefit significantly from making investments today to modernize that system.”
Across Tetra Tech’s markets, nearly all clients share the need for actionable information that can drive decision making. Big data began bursting onto the scene some 25 years ago, inundating our information-hungry clients with megabytes and gigabytes of facts and figures that soon became a flood of petabytes and zettabytes. Managers thirsty for relevant intelligence were drowning in oceans of data, wondering what was important, what was essential, and what was urgent information.
David Keith is a senior vice president with Tetra Tech International Development Services. He has worked on international development engagements in the energy sectors of more than 40 countries in Africa, Europe, Asia, and the Caribbean. He has been retained as a technical expert on national energy strategy, energy sector restructuring, public-private partnerships, electricity company management, electricity tariff design, power sector planning, project financing, and industrial energy management. David has worked on energy projects in South Africa, Malawi, Uganda, Ghana, Benin, Tanzania, and for the West Africa Power Pool. He has participated in more than a dozen Africa Energy Forums (AEFs). He earned three degrees from the Georgia Institute of Technology, including a Master of Science in
History shows that the introduction or increased supply of gas as an alternative energy source has a transformative impact on economies.
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