“Coal strikes out” versus cheap renewables, but winning on climate may require a policy pinch hitter
Renewable energy is the world’s cheapest source of new electricity generation, according to the International Energy Agency. But while cheap renewables means “coal strikes out,” reducing emissions enough to avoid dangerous climate change requires comprehensive policy action.
Renewable energy developers can grow despite the Trump Administration’s policy proposals by taking advantage of five energy sector trends being opened up by clean energy economics.
Research shows Rick Perry’s coal and nuclear subsidy proposal could cost $10.6 billion per year, and would overwhelmingly flow to roughly 10 companies and 90 power plants.
EI’s Eric Gimon argues grid flexibility technology, not resilience, is the key to resolving wholesale electricity market concerns in the U.S.
Electric vehicles could dramatically reduce U.S. transportation emissions, but they are not the only option. Four other policies can combine to reduce U.S. transportation emissions 45%, cut oil use 23%, and save 5,300 lives per year by 2050 compared to business-as-usual
EI’s Chris Busch explores if California’s potential ban on internal combustion engines could work, and what policies could help it succeed.
EVs are accelerating across America, but they won’t reach their potential unless utilities can build sufficient charging infrastructure. A new Rocky Mountain Institute report lays out a suite of policies for regulators to help utilities move from gas to grid.
Many states are considering a utility regulatory structure that incentivizes efficient fleet turnover, incorporates clean energy and other cost-effective technologies, and stimulates smarter build-or-buy decisions. EI’s Sonia Aggarwal says the UK’s effort to combine utility operating and capital expenses into a capped revenue bucket shows promising early results.
EI CEO Hal Harvey says U.S. DOE Secretary Rick Perry’s proposal to subsidize coal and nuclear plants would wreck America’s power grid without creating any benefits.
EI analysts say the U.S. Department of Energy’s newly proposed cost recovery for fuel-secure generators would spike power costs and emissions with little upside for consumers.