The Future of Energy and Energy Investing

Size: px
Start display at page:

Download "The Future of Energy and Energy Investing"

Transcription

1 The Future of Energy and Energy Investing

2 The Energy Landscape 1. Economics, Supply, Demand 2. Recommendations for Creating Change

3 IPCC Report: Warming in climate system is unequivocal. Human influence on climate system is extremely likely Extremely Likely defined as > 95% certain What should UNC do to reduce GHG emissions? The risk of climate change is clear and the risk warrants action. William Colton VP ExxonMobil Recommendation #1: UNC should prioritize climate literacy to educate internal and external stakeholders. Education budget should be increased.

4 A Snapshot of Energy Supply and Demand 84.4% Fossil Fuels % Transport 39.2% Petroleum 44% Waste Heat 23.3% Natural Gas 31.4% Industrial 22.4% Coal 1 8.3% Nuclear 6.7% Renewables 17.8% Commercial 56% Utilized 21.3% Residential

5 United States Energy Sources 1 Affect GHG Emissions from the Source UNC Energy Sources

6 UNC Energy Sources Changing Energy Mix Economics Technology Policy 1 Affect GHG Emissions from the Source

7 Financing- Investment in Renewables The economics are changing, making investing in clean energy more attractive. 1 Affect GHG Emissions from the Source

8 Renewable Energy Sources Total Worldwide Installed Capacity (2010) WIND Growth Rate (Avg. Annual ) 198 GW 27% BIOMASS & BIOFUELS Total Worldwide Installed Capacity (2010) Growth Rate (Avg. Annual ) 11 GW & 107B L 35% SOLAR Total Worldwide Installed Capacity (2010) 40 GW Growth Rate (Avg. Annual ) 82% 1 Affect GHG Emissions from the Source

9 1 Economic Drivers Affect Growth in Renewables Recommendation #2: UNC-CH scientific research should be viewed as valuable contributor to North Carolina s economy. 1 Affect GHG Emissions from the Source

10 Policy: Balancing Supply & Demand Levers Supply Most important driver in growth Key Levers Production Tax Credit (PTC) Investment Tax Credit (ITC) Demand 119 countries have renewable portfolio targets 1% increase = 40,000 wind turbines or 600,000,000 solar modules Key Levers (US) State Renewable Portfolio Standard (RPS) State/Regional GHG Policies 1 Affect GHG Emissions from the Source

11 US State and Regional GHG Policies Affect Growth of Renewables Recommendation #3a: Stakeholders interested in the growth of renewables should engage policy makers. Utilities/The Military Good Neighbor Act Senators Stein and Brunstetter

12 Making the Case for Renewables-Favorable Policy Demand leads to investment, and investment leads to jobs. + Historically, wind projects provide at least 12% ROE + Solar projects can provide 15% to 20% IRR + NASDAQ Green Energy Stock Index has provided a 12% year-over-year return + Provides a hedge against volatile fossil fuel prices Recommendation #3b: Advocates should link renewables to economic opportunity. Source: Dunlop, John. Wind Power Project Returns What Should Equity Investors Expect? Journal of Structured Finance, 12(1): pp Affect GHG Emissions from the Source

13 Reduce GHG Emissions by Reducing Demand 84.4% Fossil Fuels % Transport 39.2% Petroleum 44% Waste Heat 23.3% Natural Gas 31.4% Industrial 22.4% Coal 1 8.3% Nuclear 6.7% Renewables 17.8% Commercial 56% Utilized 21.3% Residential 2 Affect GHG Emissions by Reducing Demand

14 UNC Emission Sources What gets measured gets managed. 2 Affect GHG Emissions by Reducing Demand

15 UNC Climate Action Progress and Planning UNC total energy bill ~$89 million/yr Since 2009, energy consumption is reduced 30% Saved $22 million total; $1.6 million in FY 2013 Recommendation #4: a. UNC should continue to model climate stewardship. b. UNC stakeholders should recognize rewards of energy efficiency and prioritize energy-saving efforts. 2 Affect GHG Emissions by Reducing Demand

16 Addressing Transportation-Related GHG Emissions Recommendation #5: Additional financial support should be given to sustainability initiatives. Sign the Petition

17 Investment Options 1. Capital I Investments in the Market 2. INVESTMENTS in our Core Mission: Education & Research

18 UNC Advocates for Action UNC Sierra Student Coalition urges divestment from Filthy Fifteen companies that the group calls the worst major U.S. coal mining and coal-fired utility companies and request that the university drop them from its investment portfolios. Last year 77% of the UNC student body voted in support of divestment from coal. UNC s endowment, $2.38 Billion, 30 th largest in the country. Jan. 18, 2013, UNC President Tom Ross tells Duke Energy he wants more clean energy.

19 Responsible Investing, Sustainable Investing, ESG Investing, Mission-Related Investing, or Ethical Investing: Investment strategy that integrates social or environmental criteria into financial analysis and investment decisions. Recommendation #6: UNC should implement a comprehensive approach to sustainable investing.

20 Sustainability Related Education In Class: Outside the Classroom: Conferences, speakers, workshops, Recommendation #7: -More students and community members should take advantage of the educational opportunities offered. -Funding for university Centers and Institutes offering outreach activities should be increased, not cut.

21 UNC Kenan-Flagler Center for Sustainable Enterprise (CSE) UNC Kenan-Flagler #9 Overall and #4 in Course Content UNC Kenan-Flagler #9 Ethics & Corporate Social Responsibility MBA Students Graduating with the Sustainable Enterprise Concentration % MBA Class # Students % % % % 57 #7 for Sustainability Connect via CSE social media: Facebook LinkedIn Blog (visit cse.unc.edu for full list) 82% of the MBA Class of 2013 took at least one sustainable enterprise elective.

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation

Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Massachusetts $ Savings and Job Gains from Energy Efficiency in Buildings & Transportation Marc Breslow, Ph.D. Director of Transportation & Buildings Policy Executive Office of Energy & Environmental Affairs

More information

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc.

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc. Renewable Energy Benefits of Renewable Energy Meet real estate portfolio GHG emission reduction/reporting goals Use energy that produces no GHG emissions from fossil fuels and reduces air pollution Mitigate

More information

Nordea Asset Management. Our Approach on Climate Change

Nordea Asset Management. Our Approach on Climate Change Nordea Asset Management Our Approach on Climate Change Introduction Scientific fact base The Intergovernmental Panel on Climate Change (IPCC) Fifth Assessment Report concludes that Climate change and

More information

Renewable Energy Finance, Market & Policy Overview

Renewable Energy Finance, Market & Policy Overview Renewable Energy Finance, Market & Policy Overview April 2014 Generation (TWh) - Solid Lines Retail Cost ($/kwh) - Dashed Lines Renewable Energy Policy is Driving Massive Private Capital Investment The

More information

Economic Growth Environment Social

Economic Growth Environment Social Economic Growth and Green Energy EGGE exists to provide proactive outreach, foster innovation and deliver resources which h enable stakeholders to balance environmental stewardship, economic growth and

More information

Greenhouse gas abatement potential in Israel

Greenhouse gas abatement potential in Israel Greenhouse gas abatement potential in Israel Israel s GHG abatement cost curve Translated executive summary, November 2009 1 Executive Summary Background At the December 2009 UNFCCC Conference in Copenhagen,

More information

KAYA IDENTITY ANALYSIS OF DECARBONIZATION OF THE NY ECONOMY REQUIRED FOR CLIMATE ACTION PLAN GOAL OF 40% REDUCTION BY 2030

KAYA IDENTITY ANALYSIS OF DECARBONIZATION OF THE NY ECONOMY REQUIRED FOR CLIMATE ACTION PLAN GOAL OF 40% REDUCTION BY 2030 KAYA IDENTITY ANALYSIS OF DECARBONIZATION OF THE NY ECONOMY REQUIRED FOR CLIMATE ACTION PLAN GOAL OF 40% REDUCTION BY 2030 Roger Caiazza Not representing EEANY DISCLAIMERS The following analysis does not

More information

Your investment in the LGS Account-Based Pension Plan is not guaranteed. The value of your investment can rise or fall.

Your investment in the LGS Account-Based Pension Plan is not guaranteed. The value of your investment can rise or fall. Statement Fact How we invest your money This Fact Sheet is dated 6 January 2016. It provides additional information not contained in the PDS and therefore forms part of the Local Government Super (LGS)

More information

1. Nuclear - In YOUR OWN WORDS (not your partner s words) explain how this energy source works.

1. Nuclear - In YOUR OWN WORDS (not your partner s words) explain how this energy source works. ENERGY RESOURCES ACTIVITY Integrated Science 4 Name: Date: Period: Directions: In groups, you will be going from station to station answering questions about differing energy resource. Each individual

More information

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate

More information

Communicating Your Commitment: Your Guide to Clean Energy Messaging

Communicating Your Commitment: Your Guide to Clean Energy Messaging Communicating Your Commitment: Your Guide to Clean Energy Messaging Congratulations on your recent purchase of clean energy from Renewable Choice! Whether you ve purchased green power in the form of renewable

More information

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory

Energy Projections 2006 2030 Price and Policy Considerations. Dr. Randy Hudson Oak Ridge National Laboratory Energy Projections 2006 2030 Price and Policy Considerations Dr. Randy Hudson Oak Ridge National Laboratory There is perhaps no single current topic so potentially impacting to all life on this planet

More information

Gasification as a Strategic Energy and Environmental Option

Gasification as a Strategic Energy and Environmental Option Gasification as a Strategic Energy and Environmental Option William G. Rosenberg 79 John F. Kennedy Street Center for Business & Government Belfer Center for Science & International Affairs Kennedy School

More information

Why Policy Matters. Renewable Energy Market Momentum at Risk. June 2015

Why Policy Matters. Renewable Energy Market Momentum at Risk. June 2015 Why Policy Matters Renewable Energy Market Momentum at Risk June 2015 Executive Summary Effective policies such as the Production Tax Credit (PTC) and Investment Tax Credit (ITC) have been key motivators

More information

Clean State Energy Actions 2011 Update. connecticut

Clean State Energy Actions 2011 Update. connecticut Energy Efficiency Appliance/Equipment Efficiency Standards Building Energy Codes Utility Demand-Side-Management Utility Rate Realignment Energy Savings Targets/Energy Efficiency Resource Standards Public

More information

Environmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F

Environmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F Environmental Finance and Sustainable Investment: Risk Mitigation and Emerging Opportunities 2015 Course Description ENV 1707 F Instructors: Susan McGeachie & Tom Rand Time: Wednesday 6:30 8:30 pm Place:

More information

Statement of Molly Sherlock Specialist in Public Finance Congressional Research Service. Before

Statement of Molly Sherlock Specialist in Public Finance Congressional Research Service. Before Statement of Molly Sherlock Specialist in Public Finance Congressional Research Service Before House Committee on Science, Space, and Technology Subcommittee on Investigations and Oversight & Subcommittee

More information

Renewable Choice Energy

Renewable Choice Energy Catawba College Table of Contents About Renewable Choice The Problem: Electricity Production Today The Solutions: Renewable Energy Sources Renewable Energy Credits (RECs) Who can participate in Renewable

More information

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study

Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study Opportunity, Policy, and Practice for Renewable Energy: New Mexico Case Study 1 Federal policy: RPS, RES, CES Program Design Element S 3813 Renewable Energy Promotion Act 2010 (Bingaman) S. 1462 American

More information

A CITIZEN S GUIDE. North Carolina Renewable Energy & Energy Efficiency Portfolio Standard EFFICIENCY BIOMASS GEOTHERMAL

A CITIZEN S GUIDE. North Carolina Renewable Energy & Energy Efficiency Portfolio Standard EFFICIENCY BIOMASS GEOTHERMAL SOLAR HYDROELECTRIC WIND ENERGY EFFICIENCY A CITIZEN S GUIDE North Carolina Renewable Energy & Energy Efficiency Portfolio Standard Produced by the North Carolina Sustainable Energy Association BIOMASS

More information

NATion and north carolina

NATion and north carolina Energy Challenges for the NATion and north carolina NOIA s mission is to secure reliable access to the nation s valuable offshore energy resources in order that they may be developed, produced and supplied

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Analysis of a 30 Percent by 2030 National Renewable Electricity Standard

Analysis of a 30 Percent by 2030 National Renewable Electricity Standard Analysis of a 30 Percent by 2030 National Renewable Electricity Standard Alison Bailie, Steve Clemmer, and Jeff Deyette May 12, 2015 Photo: istock 2015 Union of Concerned Scientists www.ucsusa.org/30by2030nationalres.pdf

More information

ESBI Company Profile. ESB International. Bringing Energy Innovation to the World...

ESBI Company Profile. ESB International. Bringing Energy Innovation to the World... ESBI Company Profile ESB International Bringing Energy Innovation to the World... ESB International ESBI is one of Europe s most progressive and commercially focused electricity consultancy firms with

More information

TXU Transformation. February 26, 2007

TXU Transformation. February 26, 2007 TXU Transformation February 26, 2007 Safe Harbor Statement This presentation contains forward-looking statements, which are subject to various risks and uncertainties. Discussion of risks and uncertainties

More information

A Study of Increased Use of Renewable Energy Resources in Virginia

A Study of Increased Use of Renewable Energy Resources in Virginia A Study of Increased Use of Renewable Energy Resources in Virginia Prepared for The Virginia Commission on Electrical Utility Restructuring, January 6, 2006 The Virginia Center for Coal and Energy Research

More information

Wind Turbine Manufacturers. Renewables Advocates. Retail Customers. Wind Project Generators. Gas, Nuclear and other Generators. Electric Utilities

Wind Turbine Manufacturers. Renewables Advocates. Retail Customers. Wind Project Generators. Gas, Nuclear and other Generators. Electric Utilities Wind Turbine Manufacturers Wind Project Generators Coal, Gas, Nuclear and and other Generators Renewables Advocates Electric Utilities Regulatory Commissions Retail Customers Wind Turbine Manufacturers

More information

Reallocating Energy Investments?

Reallocating Energy Investments? Reallocating Energy Investments? Consider the Clean Energy Sector June 2015 Executive Summary Today, Clean Energy is an established sector, continues to grow, and offers an increasingly diverse set of

More information

SUSTAINABLE ENERGY BLUEPRINT

SUSTAINABLE ENERGY BLUEPRINT SUSTAINABLE ENERGY BLUEPRINT A PLAUSIBLE STRATEGY FOR ACHIEVING A NO-NUCLEAR, LOW- CARBON, HIGHLY-EFFICIENT AND SUSTAINABLE ENERGY FUTURE The following statement outlines an ambitious but doable strategy

More information

MAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION

MAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION MAKE MONEY. MAKE A DIFFERENCE. GETTING REAL ABOUT THE ENERGY TRANSITION WHAT IS THE CARBON BUBBLE? WHAT IS ENERGY TRANSITION? One of society s most complex and difficult problems is how to shift from a

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

Delivering Clean Energy

Delivering Clean Energy Delivering Clean Energy Meeting Energy Needs Homes and businesses across the country depend on energy to support the economy and sustain a high quality of life. Yet there s also a responsibility to provide

More information

Our financing of the energy sector in 2013

Our financing of the energy sector in 2013 Our financing of the energy sector in 213 rbs.com/sustainable About this document This report is the fourth Our financing of the energy sector briefing that we have produced since 21. The aim remains the

More information

Sustainable Manufacturing Seminar. Designing to Sustain the Economy, Environment and Society. Sustainable Product Standards (case-study)

Sustainable Manufacturing Seminar. Designing to Sustain the Economy, Environment and Society. Sustainable Product Standards (case-study) Sustainable Manufacturing Seminar Designing to Sustain the Economy, Environment and Society Sustainable Product Standards (case-study) The Eco-efficiency Evaluation of BASF s Greenville Thermal Oxidizer

More information

Smart Grid Enabling a Sustainable Energy Future

Smart Grid Enabling a Sustainable Energy Future Smart Grid Enabling a Sustainable Energy Future Smart Grid Technologies Workshop Prof Deepak Divan Director, Intelligent Power Infrastructure Consortium School of Electrical Engineering Georgia Institute

More information

Natural Gas and Electricity Coordination Experiences and Challenges

Natural Gas and Electricity Coordination Experiences and Challenges 1 Natural Gas and Electricity Coordination Experiences and Challenges Challenges Facing the New England Power System Gordon van Welie, President and CEO, ISO New England 2015 IEEE Power & Energy Society

More information

CHP & ENVIRONMENTAL COMMODITIES: MARKET & POLICY UPDATE FOR MONETIZING RENEWABLE ENERGY CREDITS FROM CHP PROJECTS. Thomas Jacobsen October 2012

CHP & ENVIRONMENTAL COMMODITIES: MARKET & POLICY UPDATE FOR MONETIZING RENEWABLE ENERGY CREDITS FROM CHP PROJECTS. Thomas Jacobsen October 2012 CHP & ENVIRONMENTAL COMMODITIES: MARKET & POLICY UPDATE FOR MONETIZING RENEWABLE ENERGY CREDITS FROM CHP PROJECTS Thomas Jacobsen October 2012 ELEMENT MARKETS US Emissions House of the Year Launched in

More information

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed.

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 310 Exam Questions 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 2) What are the three main aspects that make an energy source sustainable?

More information

Climate Change and. Environment Position. Statement. and 2017 Action Plan. action. Statement. Action Plan. September 2014

Climate Change and. Environment Position. Statement. and 2017 Action Plan. action. Statement. Action Plan. September 2014 1 action September 2014 Westpac Group has a long-standing commitment to operating sustainably. 3 Helping future generations For us, this is about helping future generations live better lives in a healthy

More information

Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor

Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014. Mr. Henrik Breum Special Advisor Danish Energy Model RE Policy Tools MAIN Asian Dialog, Bali January 20-22 2014 Mr. Henrik Breum Special Advisor Agenda Danish Energy Model RE Policy Tools Introduction The Danish Energy Model Past, now

More information

The Task Group that was approved was comprised of the following members:

The Task Group that was approved was comprised of the following members: FINAL REPORT AND RECOMMENDATION 3/30/15 ver. UNIVERSITY OF HAWAII BOARD OF REGENTS TASK GROUP ON DIVESTMENT AND SUSTAINABILITY March 23, 2015 On January 8, 2015 the Committee on Budget & Finance met to

More information

Sweden Energy efficiency report

Sweden Energy efficiency report Sweden Energy efficiency report Objectives: o 41 TWh of end use energy savings in 216 o 2 reduction in total energy intensity by 22 Overview - (%/year) Primary intensity (EU=1)¹ 124 - -1.8% + CO 2 intensity

More information

Massachusetts Clean Energy and Climate Plan for 2020. Executive Office of Energy and Environmental Affairs

Massachusetts Clean Energy and Climate Plan for 2020. Executive Office of Energy and Environmental Affairs Massachusetts Clean Energy and Climate Plan for 2020 Massachusetts Clean Energy and Climate Plan for 2020 I. The Rationale: Launching the Clean Energy Revolution Energy Costs & Volatility; Energy Independence

More information

TOPICS. Generation T&D. Demand Mgmt. Business. Regulation. Technology. Metering FEATURES

TOPICS. Generation T&D. Demand Mgmt. Business. Regulation. Technology. Metering FEATURES TOPICS Generation T&D Demand Mgmt Business Regulation Technology Metering FEATURES EVENTS JOBS RESOURCES Library Utility Companies Directory Market Press Releases NEWSLETTER Generation T&D Demand Mgmt

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

Security of electricity supply

Security of electricity supply Security of electricity supply Definitions, roles & responsibilities and experiences within the EU Thomas Barth Chairman of Energy Policy & Generation Committee EURELECTRIC Outline Security of Supply a

More information

The Future of Energy. Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University. Seminar 2

The Future of Energy. Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University. Seminar 2 The Future of Energy Prof. Wesley Henderson Dept. Chemical & Biomolecular Engineering NC State University Seminar 2 Outline of Lectures Seminar 1: Energy & Electricity Use in the U.S. Peak Oil? Clean Coal

More information

Energy Megatrends 2020

Energy Megatrends 2020 Energy Megatrends 2020 Esa Vakkilainen 1 NOTE The data included in the following is mainly based on International Energy Agency's (IEA) World Energy Outlook 2007 IEA is considered the most reliable source

More information

THE RENEWABLE ENERGY OPPORTUNITY

THE RENEWABLE ENERGY OPPORTUNITY THE RENEWABLE ENERGY OPPORTUNITY Making a Lasting Difference Renewable energy is the ticket to a more sustainable business model and energy secure future. There is a massive need for building more renewable

More information

Good for Harvard, good for the world: Why HMC embraced ESG with a passion

Good for Harvard, good for the world: Why HMC embraced ESG with a passion By Simon Hoyle Fiduciary Investors Symposium Harvard, Harvard University www.top1000funds.com October 28, 2014 Good for Harvard, good for the world: Why HMC embraced ESG with a passion Harvard Management

More information

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency

Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency RENEWABLE ENERGY INDUSTRIAL ENERGY EFFICIENCY BUILDING ENERGY EFFICIENCY Financing Energy Efficiency and Renewable Energy through the India Renewable Energy Development Agency A RANGE OF FINANCIAL SUPPORT

More information

2015 -- S 0417 S T A T E O F R H O D E I S L A N D

2015 -- S 0417 S T A T E O F R H O D E I S L A N D LC001 01 -- S 01 S T A T E O F R H O D E I S L A N D IN GENERAL ASSEMBLY JANUARY SESSION, A.D. 01 A N A C T RELATING TO TAXATION -- CARBON PRICING AND ECONOMIC DEVELOPMENT INVESTMENT ACT OF 01 Introduced

More information

Impacts of AB 32 on California s electricity sector

Impacts of AB 32 on California s electricity sector Impacts of AB 32 on California s electricity sector Meredith Fowlie UC Berkeley and NBER fowlie@berkeley.edu Focus on the following.. What are modeling results telling us about how much of the emissions

More information

Oregon Renewable. Energy. Resources. Inside this Brief. Background Brief on. Overview of Renewable Energy. Renewable Portfolio Standard

Oregon Renewable. Energy. Resources. Inside this Brief. Background Brief on. Overview of Renewable Energy. Renewable Portfolio Standard Background Brief on September 2014 Inside this Brief Overview of Renewable Energy Renewable Portfolio Standard Energy Facility Siting Renewable Energy Legislation Staff and Agency Contacts State Capitol

More information

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014

Russia: energy market developments. Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 Russia: energy market developments Marc-Antoine Eyl-Mazzega Russia Programme Manager Paris, 16 December 2014 IEA: 29 Members, worldwide engagement IEA member countries Accession countries Key Partner countries

More information

Energy Offices Meeting

Energy Offices Meeting NASEO 2014 Mid Atlantic Regional State 25x 25: Progressing Towards the Goal Ernie Shea Project Coordinator May 1, 2014 Valley Forge, PA Energy Offices Meeting 25x 25: A National Alliance Formed through

More information

Solar City Master Plan - Executive Summary

Solar City Master Plan - Executive Summary Solar City Master Plan - Executive Summary Meeting the growing energy demand is one of the biggest challenges that the world is facing today. Rising population and depleting fossil fuel resources are compelling

More information

DoE Energy Technology - Current Technologies and Trends

DoE Energy Technology - Current Technologies and Trends DOE s Energy Technology Strategy Steven E. Koonin Under Secretary for Science March 2011 U.S. Energy Challenges Oil Environment Competitiveness Daily Spot Price OK WTI Global Lithium-ion Battery Manufacturing

More information

Renewable Fuels. 2008 24 minutes

Renewable Fuels. 2008 24 minutes 2008 24 minutes Teacher Notes: Jodie Ashby B.Sc.B.Ed. Program Synopsis This program begins by looking at why we cannot sustain our current use of non-renewable resources and their environmental effects.

More information

Finance in implementing a sustainability policy. Frans Rooijers - director CE Delft

Finance in implementing a sustainability policy. Frans Rooijers - director CE Delft Finance in implementing a sustainability policy Frans Rooijers - director CE Delft CE Delft Independent research and consultancy since 1978 Transport, energy and resources Know-how on economics, technology

More information

GroWNC Energy WG 1. www.gro wnc.org

GroWNC Energy WG 1. www.gro wnc.org GroWNC Energy WG 1 www.gro wnc.org Existing Conditions Outline Energy Plan and Report Evaluation Local (GroWNC): County Plans, Comprehensive Economic Development Strategy (CEDS) Regional: Western North

More information

Western Forest Economists 43 rd Annual Meeting May, 7, 2008

Western Forest Economists 43 rd Annual Meeting May, 7, 2008 Western Forest Economists 43 rd Annual Meeting May, 7, 2008 Biomass Energy Economics Presented by John R. Martin, P.E. Pacific Energy Systems, Inc. 15160 NW Laidlaw Road Portland, Oregon 503-227-7611 JohnM@PacificEnergySystems.com

More information

Fossil Fuel Company Exposure in Representative Walden Client Portfolios

Fossil Fuel Company Exposure in Representative Walden Client Portfolios Fossil Fuel Company Exposure in Representative Walden Client Portfolios Climate change is the world s foremost environmental challenge. As a portfolio manager who integrates environmental, social, and

More information

Geothermal ERA NET. 7 th Geothermal ERA NET meeting Trieste, Italy 10-11 September 2014. Guðni A Jóhannesson Director General, Orkustofnun, Iceland

Geothermal ERA NET. 7 th Geothermal ERA NET meeting Trieste, Italy 10-11 September 2014. Guðni A Jóhannesson Director General, Orkustofnun, Iceland Cooperation between European countries through the Geothermal ERA NET 7 th meeting Trieste, Italy 10-11 September 2014 Guðni A Jóhannesson Director General, Afternoon Session The is supported by the European

More information

Effects of a White Certificate trading scheme on the energy system of the EU-27

Effects of a White Certificate trading scheme on the energy system of the EU-27 Effects of a White Certificate trading scheme on the energy system of the EU-27 Ralf Kuder Institute of Energy Economics and the Rational Use of Energy University of Stuttgart 08.09.2009, Vienna Overview

More information

Sustainable Energy Strategies for Clean Air in North Carolina. Larry Shirley State Energy Office NC Department of Administration

Sustainable Energy Strategies for Clean Air in North Carolina. Larry Shirley State Energy Office NC Department of Administration Sustainable Energy Strategies for Clean Air in North Carolina Larry Shirley State Energy Office NC Department of Administration 1 State Energy Office 4Advancing energy efficiency in industrial, utility,

More information

NARUC International Relations Committee Meeting February 5, 2012 Washington, D.C. Jay Godfrey Jfgodfrey@aep.com Managing Director, Renewable Energy

NARUC International Relations Committee Meeting February 5, 2012 Washington, D.C. Jay Godfrey Jfgodfrey@aep.com Managing Director, Renewable Energy NARUC International Relations Committee Meeting February 5, 2012 Washington, D.C. Jay Godfrey Jfgodfrey@aep.com Managing Director, Renewable Energy American Electric Power Company U.S. electric generation

More information

How To Get A Carbon Credit

How To Get A Carbon Credit Energy Saving Technologies & CDM - Business Opportunity with Japan - Clean Energy Finance Committee Mitsubishi UFJ Securities Contents 1. Technology & CDM: Why this is a new business model? 2. CDM: revenue

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Myths and Realities about Wind, Water, and Sun (WWS) Versus Current Fuels Mark Z. Jacobson September 26, 2012

Myths and Realities about Wind, Water, and Sun (WWS) Versus Current Fuels Mark Z. Jacobson September 26, 2012 MythsandRealitiesaboutWind,Water,andSun(WWS)VersusCurrentFuels MarkZ.Jacobson September26,2012 Severalmythshavedevelopedaroundwind,water,andsolar(WWS)energyresources.Just afewoftheseareaddressedhere. 1)

More information

Fact Sheet on China s energy sector and Danish solutions

Fact Sheet on China s energy sector and Danish solutions Fact Sheet on China s energy sector and Danish solutions 1. EXPANSION WITH RENEWABLE ENERGY: China focuses on a massive expansion with non fossil energy that is renewable energy and nuclear energy. The

More information

North Carolina Renewable Energy Market Performance and Policy

North Carolina Renewable Energy Market Performance and Policy North Carolina Renewable Energy Market Performance and Policy Ivan Urlaub Executive Director NC Sustainable Energy Association 2013 NC Sustainable Energy Conference April 16, 2013 Raleigh, NC Registered

More information

2. The German energy transition is driven by citizens and communities.

2. The German energy transition is driven by citizens and communities. 8 Key Finfings Energy Transition The German Energiewende By Craig Morris, Martin Pehnt An initiative of the Heinrich Böll Foundation Released on 28 November 2012 Revised July 2015 www. 8 Key Findings German

More information

February 3, 2015. SUBJECT: Proposed Standard Scenario Results Comparison Metrics

February 3, 2015. SUBJECT: Proposed Standard Scenario Results Comparison Metrics Phil Rockefeller Chair Washington Tom Karier Washington Henry Lorenzen Oregon Bill Bradbury Oregon W. Bill Booth Vice Chair Idaho James Yost Idaho Pat Smith Montana Jennifer Anders Montana February 3,

More information

EIRP Residential and Business Research Summary

EIRP Residential and Business Research Summary EIRP Residential and Business Research Summary Presented to Customer Advisory Group (CAG) February 4, 2015 5 Purpose To determine customer willingness to pay an additional amount to purchase renewable

More information

Building Energy Efficiency Opportunity Report

Building Energy Efficiency Opportunity Report Building Energy Efficiency Opportunity Report September 2013 Building Energy Efficiency Opportunity Report TABLE OF CONTENTS Introduction 3 Building Efficiency Opportunities 4 #1: High Potential Buildings

More information

CLEAN TECHNOLOGY. Chapter 17. Janet F. Jacobs 1 17.1 INTRODUCTION

CLEAN TECHNOLOGY. Chapter 17. Janet F. Jacobs 1 17.1 INTRODUCTION Chapter 17 CLEAN TECHNOLOGY Janet F. Jacobs 1 17.1 INTRODUCTION Washington State has established itself as one of the best places in the United States to do business because of its energetic and pioneering

More information

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE DEWAN PERWAKILAN RAKYAT REPUBLIK INDONESIA INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE As part of the international community, Indonesia shares its concern on the environment and development

More information

Alternative Energy. Terms and Concepts: Relative quantities of potential energy resources, Solar constant, Economies of scale

Alternative Energy. Terms and Concepts: Relative quantities of potential energy resources, Solar constant, Economies of scale Objectives Key Terms and Concepts Introduction Solar Wind Hydroelectric Power Geothermal Sources Biofuels Summary: Economies of Scale Questions for the video if time permits Alternative Energy Objectives:

More information

RENEWABLE ENERGY RESOURCES PROGRAM REPORT

RENEWABLE ENERGY RESOURCES PROGRAM REPORT RENEWABLE ENERGY RESOURCES PROGRAM REPORT January through December 2008 Illinois Department of Commerce and Economic Opportunity Bureau of Energy and Recycling Renewable Energy Resources Program 620 East

More information

SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister

SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY. Anton Garcia Diaz Economic Bureau of the Prime Minister SPANISH EXPERIENCE IN RENEWABLE ENERGY AND ENERGY EFFICIENCY Anton Garcia Diaz Economic Bureau of the Prime Minister «Symposium on Strengthening Sino-Spain cooperation in multiple Fields» New Energy Cooperation

More information

Emilio Camacho, Esq.

Emilio Camacho, Esq. Energy, Climate, and Storage in California Emilio Camacho, Esq. Chief of Staff, Commissioner David Hochschild California Energy Commission UC Solar Symposium October, 2015 1974: Jerry Brown elected Governor

More information

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center)

International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) International Solar Energy Arena January 23rd, 2009, Istanbul STEAM (Strategic Technical Economic Research Center) Good morning. Sayin Bakanım. Members of Parliament. Ladies and Gentlemen. Slide 1: Opening

More information

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources Editor s comments: Numbers in parentheses indicate the number of duplicate or extremely similar comments made. The headings are editor s best attempt to draft vision statements reflecting the participants

More information

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential ESBI Carbon Solutions Partnering with Countries to Achieve their Full Carbon Credit Potential ESB International ESB International (ESBI) is a growing international energy company and one of Europe s leading

More information

5-Minute Refresher: RENEWABLE ENERGY

5-Minute Refresher: RENEWABLE ENERGY 5-Minute Refresher: RENEWABLE ENERGY Renewable Energy Key Ideas Renewable energy is a source of energy that can be used and replenished naturally in a relatively short period of time. Non renewable energy

More information

Pennsylvania s Energy Landscape

Pennsylvania s Energy Landscape Pennsylvania s Energy Landscape PA Strategic Energy Management Showcase April 7, 2015 Hayley Book, Deputy Policy Director Keystone State Energy Portfolio 2 nd largest energy field in the world 4 th largest

More information

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013

GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 2013 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK 213 FACT PACK GUY TURNER HEAD OF ECONOMICS AND COMMODITIES APRIL 26, 213 GLOBAL RENEWABLE ENERGY MARKET OUTLOOK, 26 APRIL 213 1 INTRODUCTION This year s Global Renewable

More information

Holland s Community Energy Plan - Final Meeting

Holland s Community Energy Plan - Final Meeting Holland s Community Energy Plan Michigan Green Communities Initiative recently hosted a conference call about the City of Holland s energy planning efforts. I was struck by the size and scope of the effort

More information

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012 ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March 2012 The most ambitious energy plan of the world In March 2012 a historic new Energy Agreement was reached in Denmark. The Agreement

More information

The Hidden Costs of Solar Power

The Hidden Costs of Solar Power The Hidden Costs of Solar Power Brian H. Potts Foley & Lardner, LLP The Economics of Rooftop and Utility-Scale Solar Cashing in on Federal/State/Local Solar Subsidies The Fixed v. Variable Fee Debate Current

More information

The Danish regions. 2 www.regionmidtjylland.dk

The Danish regions. 2 www.regionmidtjylland.dk Renewable Energy and Environmental development The effort of Central Denmark Region Henning Gjellerod Member of the region-council www.regionmidtjylland.dk The Danish regions 2 www.regionmidtjylland.dk

More information

Reducing Carbon Pollution in D.C s Renewable Portfolio Standard Will Clean the Air without Impacting Ratepayers. Frequently Asked Questions

Reducing Carbon Pollution in D.C s Renewable Portfolio Standard Will Clean the Air without Impacting Ratepayers. Frequently Asked Questions Reducing Carbon Pollution in D.C s Renewable Portfolio Standard Will Clean the Air without Impacting Ratepayers Summary: Frequently Asked Questions While Mid-Atlantic States like Delaware and New Jersey

More information

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Before the U.S. House of Representatives Select Committee on Energy Independence and Global Warming Blowing

More information

Clean State Energy Actions 2011 Update. colorado

Clean State Energy Actions 2011 Update. colorado Energy Efficiency Building Energy Codes Utility Demand-Side-Management Energy Savings Targets/Energy Efficiency Resource Standards Residential: 2003 IECC, required in jurisdictions with a building code

More information

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind

A macro-economic viewpoint. What is the real cost of offshore wind? siemens.com / wind A macro-economic viewpoint What is the real cost of offshore wind? siemens.com / wind in the cost debate A broader view of the value of renewables. Globally, installed power generation capacity currently

More information

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES

FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES FINANCING OF LOW-CARBON ENERGY TECHNOLOGIES Juan Alario Associate Director Head of Division, Energy Efficiency and Renewables European Investment Bank (EIB) III International Conference on Energy Innovation

More information

Renewable Energy Certificates (RECs) A Green Parking Council Webinar November 15, 2012

Renewable Energy Certificates (RECs) A Green Parking Council Webinar November 15, 2012 Renewable Energy Certificates (RECs) A Green Parking Council Webinar November 15, 2012 Blaine Collison Director, Green Power Partnership U.S. Environmental Protection Agency Blaine Collison is the director

More information

Revision of Primary Energy Factors in EU Legislation. A EURELECTRIC view

Revision of Primary Energy Factors in EU Legislation. A EURELECTRIC view Revision of Primary Energy Factors in EU Legislation A EURELECTRIC view August 2015 EURELECTRIC is the voice of the electricity industry in Europe. We speak for more than 3,500 companies in power generation,

More information

GERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES

GERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES GERMAN ENERGY TRANSITION: BEST PRACTICES IN SECURING A RELIABLE AND EFFICIENT ENERGY SUPPLY AND SEIZING NEW MARKET OPPORTUNITIES DIRK VAHLAND / ENERGY MANAGEMENT OVERVIEW 1 German energy transition 2 Negative

More information