A Portfolio Risk Wall Street Ignores at Its Peril

Garvin Jabusch At Green Alpha, we believe in investing in the scientifically objective world, and not an ideologically skewed version of it, so I’m often amazed at the attitudes and behavior of many of our colleagues in the financial services industry. For a group that’s supposed to be practicing objectively quantified decision making, finance-types can be remarkably motivated by ideology. Especially where a particular ideology is being promoted by the largest and richest industry in the history of civilization, fossil-fuels, whose representatives will stop at nothing to convince us that their product is safe, causes no warming, and will...

How Economics Finally Brought Community Solar to IREA

by Joseph McCabe, PE My uber-conservative utility, Intermountain Rural Electric Association (IREA) has been against solar since before I moved into the service territory in 2007.  IREA's long-serving general manager, Stanley Lewandowski Jr., would include climate change denial leaflets in the envelope along with the monthly electric bills. Now he is gone, and attitudes seem to be changing towards solar. With a new general manager, a couple of forward thinking board of directors and a handful of active IREA owners/members the solar landscape has changed and now includes a large solar project. Currently IREA...

EPA Reneges on Trump’s Biofuels Deal

by Jim Lane “EPA Reneges on Trump’s Biofuels Deal”, said the Iowa Renewable Fuels Association in reacting to the US Environmental Protection Agency’s new plans for fulfilling federal renewable fuel requirements. EPA released a proposed supplemental rule for the Renewable Fuel Standard today, and the bioeconomy is up in arms, and the outrage is centered in farm country, once a Trump bastion of support. “IRFA members continue to stand by President Trump’s strong biofuels deal announced on Oct. 4, which was worked out with our elected champions and provided the necessary certainty that 15 billion gallons would mean 15 billion gallons, even after...

What’s In Store For Alternative Energy With Obama’s Cabinet?

As the Obama inauguration nears and his cabinet picks are made public, the impact of his presidency on the alternative energy sector is becoming more tangible. During the campaign, we heard plenty on Barack Obama's views on environmental regulation, climate change and alternative energy. But what about the people who will be advising him day-to-day on these matters, and who will be ambassadors both inside and out of the country for the administration's policies? One thing is for certain: Obama's picks so far for positions with influence on energy and environmental matters mark a clear break from...
ethanol ups and downs

Fortunately, Unfortunately: The Spring Saga of American Ethanol

by Jim Lane The ethanol signals from Washington DC are more inexplicably mixed than cocktails with names like Sex on the Beach. Let’s parse through the wigwagging over the future of American biofuels supply and demand — ethanol and otherwise. Fortunately: Trump backs year-round E15 ethanol blends In Washington, President Trump endorsed year-round E15 ethanol availability as an emerging compromise between oil refiners and US farm sector. The Renewable Fuel Standard is a federal program that requires transportation fuel sold in the United States to contain a minimum volume of renewable fuels. The RFS originated in a bi-partisan Congress with the Energy Policy Act...
cdg roles

Clearing Up Some Confusion Over Community Solar In New York

Community Solar in New York has a messaging problem. It is confusing, and even some industry professionals have given up in disgust because of aggressive marketing and a lack of clarity. Fortunately, aggressive marketing is not universal among community solar developers. Unfortunately, the lack of clarity is almost universal. How Community Solar Works in New York The system the New York utility regulator set up for community distributed generation (CDG, a term which includes community hydropower and community wind as well as community solar) is counter intuitive for most potential customers. As shown in the diagram above, the electric utility pays for a project's...

The War On Net Metering

by Paula Mints Net metering and interconnection are rights afforded distributed generation (DG) residential and commercial solar system owners through the U.S. Energy Policy Act of 2005. The act required publically owned utilities to offer net metering and left the various policies up to the states to enact. In 2004, before that energy policy was enacted, 39 states had net metering and interconnection standards and policies. At the beginning of 2016, 43 U.S. states and three territories had net metering policies, and four states had policies similar to net metering that the Database of State Incentives for Renewables...

Windpower: Focusing the Criticism Away from NIMBYism and Aesthetics

Michael Giberson Market-oriented policy analysts have not been shy about cataloguing the problems surrounding windpower development. But in the enthusiasm to oppose the government interventions accompanying wind generation, market-based analysts sometimes have strayed beyond principled defense of markets and unwittingly offered support to anti-market NIMBYism and other meddlesome sentiments. Policy analysts examining wind power issues should consider more carefully which issues ought to be pursued through the policy process. Two Images Wind power has two images. In one view, wind power is glamorous, hi-tech, future oriented and almost sexy. Advertisements for products from automobiles to...

Overcoming Hurdles to Clean Energy Commercialization

by David L. Levy In the absence of a global framework for regulating emissions, the future of the planet largely rests on choices by private firms and investors regarding which technologies to pursue and commercialize. Despite the mounting evidence of severe climate change, there is a funding crisis for potential solutions. The Department of Energy released data at the beginning of November showing that global emissions of CO2 rose 6% in 2010, despite the ongoing economic recession. This trajectory is higher than the worst case projections from the Intergovernmental Panel on Climate Change (IPCC) in it’s 2007 Fourth...

Tariffs on Chinese Solar Are Bad for Us All

Garvin Jabusch Trade War photo via Bigstock The United States Department of Commerce Thursday, and of all things at the behest of a German-owned company, SolarWorld AG (SRWRF.PK), imposed extreme tariffs on China-made solar panels and modules of between 31% and 250%, making them much less affordable for U.S. consumers. Commerce took the additional extraordinary step of making the tariffs retroactive for 90 days to prevent U.S businesses and homeowners from getting a decent price on the basis that their local...

The Worst Waste

Jim Lane Peter Brown of FFA Fuels, promotes his company these days with the pithy slogan, “Fuels from the Worst Waste Around.” Which of course raises the legitimate question, what is the worst waste, and can we find a use for it? Discussions of worst waste will usually focus on the obvious say, landfill or the odious say, medical or nuclear waste. Toxicity and longevity are typical concerns, and that’s one of the reasons why nuclear energy remains controversial to this day. No Waste in Nature As LanzaTech’s Jennifer Holmgren observed in a recent article by...

Why America Must Focus On Domestic Energy Solutions Instead of Imports

John Petersen On September 17th, the White House released a report titled, 100 Recovery Act Projects That Are Changing America. Since the report included eight companies that were awarded a total of $1.1 billion in ARRA battery manufacturing and vehicle electrification grants in August 2009, I created the following table to summarize the first tier job creation impact. As I pondered over the relatively high cost per first tier manufacturing job, I decided it might be better to look at the overall value chain including second tier job creation impacts (new jobs in companies that...

Nature Conservancy Endorses Fossil Fuel Funded Trojan Horse

An article posted by ClimateLiabilityNews.org  Hearing Glosses Over Carbon Tax Proposal’s Liability Waiver  explains the ‘grand bargain’ being set forth in a proposal from the Climate Leadership Council. A Carbon Tax & Dividend plan is now being supported by big corporations, polluters and fossil fuel companies, which would seem to be a miraculous change in sentiment.  But the fine print discloses that the deal includes a liability waiver exempting fossil fuels companies from federal & state climate tort lawsuits.   The carbon tax is on the low end for “social cost of carbon” calculations, at $40/ton, so as a value...

Election Does Not Spell Cleantech Doom

With the recent “shellacking” (as President Obama referred to the election results) of the Democratically controlled Congress, much of the buzz in the cleantech space has been doom and gloom.  Is cleantech doomed to a new dark age?  I do not believe so. Energy policy is one area where there is an overlap of goals between the parties.  Members of both parties largely agree that energy is critical to our economic and national security.  And most Republicans do not dismiss out of hand the risks of global warming. I suspect that energy policy will be...

Does Buying Green Stocks Do Any Good?

Tom Konrad CFA Volt owners are almost universally happy with their cars, despite the fact that very few will recoup the extra costs of the car in gas savings.   Even though the financial savings are small compared to the large up front payment for the vehicle, the emotional payback more than compensates. As someone who helps people invest in green stocks, I can tell you from first hand experience that investor enthusiasm has everything to do with recent financial returns, and not much to do with the good we’re doing. In 2007, when practically any stock which could be...

Green Jobs: Debunking the Debunkers

Tom Konrad, Ph.D., CFA Energy markets are neither free nor efficient, so traditional economic arguments against regulation and other government interventions do not apply.  In response to my recent article digging into green jobs, a reader sent me a copy of a March paper by Andrew Morriss et al at University of Illinois that attempts to debunk green jobs myths.  While I see major flaws in most green jobs papers I read, many of the myths cited by this paper are irrelevant to what I consider the most important questions: Can government intervention to clean up the energy sector create jobs...
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