As part of his recently released Climate Action Plan, President Obama directed the Environmental Protection Agency (EPA) to set carbon pollution standards for existing power plants. While these federal standards are a critical component of the U.S. plan to reduce greenhouse gas emissions and curb climate change, the responsibility to actually implement them will fall to individual states.
The good news for many states is that they can greatly reduce their power sector emissions through existing policies and infrastructure, such as by meeting state standards for renewables and efficiency and increasing the use of existing natural gas power plants. These measures will ease the path for those states to meet future EPA power plant emissions standards and combat climate change.
WRI recently analyzed the existing tools Ohio can use to reduce its power sector emissions and help meet future EPA emissions standards. Over the coming months, we’ll release a series of fact sheets that outline the steps several other states can take.
WRI analysis finds that Ohio can reduce its CO2 emissions 27 percent below 2011 levels by 2020 using existing state policies and infrastructure opportunities. These reductions would meet or exceed potentially stringent federal standards by the EPA for existing power plants.
Germany’s energy transition (or “Energiewende”) is the most ambitious current effort to put a large industrial economy onto a sustainable energy path, recognizing the 21st century reality of a climate-constrained world. If the world’s fourth largest economy demonstrates that this shift is possible without undermining economic growth, it could be a major factor in enabling a global energy transition. And with climate change intensifying – 2012 was the 36th straight year of above-average global temperature, and 2011 and 2012 each produced more extreme weather events costing over one billion dollars each than any other year in recorded history – reducing greenhouse gas emissions is imperative for any future energy system. Thus, the Energiewende is critical to the ongoing fight against global warming.
When President Barack Obama announced the country’s first national climate strategy, many people wondered what it would mean across the nation. Yet, the strategy may carry even more significant implications overseas.
The plan restricts U.S. government funding for most international coal projects. This policy could significantly affect energy producers and public and private investors around the globe.
New energy efficiency legislation has been introduced by Senators Shaheen and Portman that could come before the U.S. Senate as early as this month. This bill, formally known as the Energy Savings and Industrial Competitiveness Act of 2013 (S. 761), provides goals, incentives, and support for energy efficiency efforts across the U.S. economy. Passage of this bill would be a positive step toward saving money through improved efficiency while helping reduce greenhouse gas emissions.
Alexander Perera leads WRI’s work in renewable energy. Looking back to the year
2000, he recounts how few companies were thinking about green power options
and how few utilities offered them. “Commercial and industrial use of renewable
energy in the U.S. totaled less than 250 megawatts – equal to just one quarter the
output of a large coal-fired power plant.”
Nine years later, a pioneering group of fifteen U.S. companies quadrupled this
output, reaching a collective goal of purchasing 1,000 megawatts of new, cost competitive
green power generated from renewable resources. In reaching this
landmark, the Green Power Market Development Group (GPMDG) has helped
catalyze a dramatic scale up of the domestic renewables industry.
WRI convened the Group and has worked with companies to explore workable
renewable energy technologies, financing strategies, and partnership arrangements.
It also helped the Group establish best practices for green power purchasing.
“Companies now obtain green power from a variety of sources,” says Perera,
“including solar and wind power, biomass, low-impact hydropower, and landfill gas.”
Core members of the GPMDG include Alcoa, Dow Chemical, DuPont, FedEx,
GM, Georgia-Pacific, Google, IBM, Interface, J&J, Michelin NA, Natureworks,
Pitney Bowes, Staples, and Starbucks.
With a lending portfolio of $10.5 billion in 2008, the Asian Development Bank
wields significant influence over the economic development policies of
countries in the fast-growing Asia Pacific region.
In 2009, the Bank adopted a new energy policy geared toward supporting
clean energy and low-carbon economic growth. Key commitments included:
requiring carbon footprinting of proposed projects, technical support for
countries to undertake low carbon strategies, and tools to help countries
determine more efficient energy options. The Bank backed it up by committing
to provide $2 billion annually to clean energy projects starting in 2013.
This would represent a doubling of such investments based on 2008 lending.
“Taken together, these initiatives provide some of the strongest commitments
yet by an international financial institution to clean energy investment,” explains
Isabel Munilla, whose work at WRI focuses on aligning public and private
investment with sustainable development and poverty reduction. “It sends a
strong signal to other multilateral and regional development banks that they
can play a catalytic role in helping developing countries deploy cleaner, safer,
renewable and low-carbon energy technologies.” WRI and its partners in the
region played a pivotal role in helping Bank officials develop the new policy.
On July 16, 2013 the World Bank agreed to support universal access to reliable modern energy and limit the financing of coal-fired power plants to rare circumstances in an effort to address climate change concerns.
Extreme weather and climate events such as storms, floods, droughts and wildfires visibly impact not only our communities and livelihoods, but also our resources and related infrastructure. In its latest report, U.S. Energy Sector Vulnerabilities to Climate Change and Extreme Weather, the U.S. Department of Energy (DOE) warns that domestic energy supplies are likely to face more severe disruptions given rising temperatures that result in extreme weather events. The report accurately outlines the risks climate change poses to the energy sector in the United States and serves as a wake-up call on this critical issue, which I highlighted in my testimony before the Energy and Power Subcommittee of the House Energy and Commerce Committee earlier this year.