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RMI Shows the “How To” of Limiting U.S. Warming to 1.5°C Share Article The organization is launching two new reports and a web tool to help guide U.S. policymakers, electric utilities, and stakeholders navigate pathways to achieve deep decarbonization. Finding pathways to equitably decarbonize the electricity sector requires all parties have access to critical data that can help them work together to navigate the transition in a way that ensures nobody is left behind. BOULDER, Colo. (PRWEB) April 27, 2021 As the United States rejoins the global effort to tackle the climate crisis, we are poised to make historic investments in infrastructure to build a 21st-century, decarbonized economy. ....
Dive Brief: The United States has the lowest renewable energy penetration among the top 5 global economies, Moody s Investors Service concluded in an infrastructure and project finance report released Monday. Leading that list is the European Union and U.K., followed by China, India and Japan. The analysis blames the laggard status on weak U.S. federal policies, including the lack of a national renewables mandate and inconsistent tax incentives for wind and solar. Where renewables have thrived in the United States, Moody s said, is in large part due to their growing cost competitiveness and local policy. Analysts and advocates agree U.S. federal policy has not sufficiently championed renewables growth, but see reasons for optimism with President Joe Biden indicating his support for clean energy. It is really important for the federal government to lay down some markers and set some goals, said Uday Varadarajan, a principal in Rocky Mountain Institute s (RMI) carbo ....
Share it Securitization is a financial tool that can reduce utility debt with low interest bonds secured by ratepayers, and with utilities growing costs related to COVID-19, the energy transition, and climate change, interest is accelerating. But utilities and their customers are facing hundreds of millions or even billions of dollars in such costs, which is raising oversight concerns. When oversight has been introduced, it has led to lower interest rates and lower transaction costs, stakeholders in such proceedings told Utility Dive. Duke Energy s $1 billion proposal to use securitization to meet storm recovery expenses in North Carolina provides the criteria necessary for the commission to evaluate Duke Energy s proposed transactions, Duke spokesperson Meredith Archie said in an email. It allows the commission to determine whether and to what extent it wants to be involved in the transaction once it issues its order. ....
Nicole Welle | November 2, 2020 Alliant Energy announced the Clean Energy Blueprint for Iowa last week, a plan that will transition one of their coal-burning plants to nuclear energy and shut down the Lansing Generating station altogether. The Iowa Environmental Council (IEC) and the Environmental Law and Policy Center (ELPC) have publicly announced their support of the plan. By shuttering the Lansing Generating Station by 2022, converting the Burlington plant to nuclear energy and constructing more solar plants and battery storage stations, Alliant Energy will eliminate 487MW of coal-generated power in Iowa by 2026, according to an IEC news release. Not only will eliminating coal plants reduce pollution, it will also save Alliant customers money. When Alliant Energy requested a 24% rate increase on residential customers in 2019, the ELPC and IEC contracted Uday Varadarajan, an expert data analyst, to examine the economics of Iowa’s coal plants and examine the cos ....