Spark: Report Release—The Economics of Clean Energy Portfolios – peteratkins23@gmail.com – Gmail

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Thursday, May 24, 2018 REPORT RELEASE: *THE ECONOMICS OF CLEAN ENERGY PORTFOLIOS* In a new report released Monday, Rocky Mountain Institute examines the potential role of “clean energy portfolios,” or collections of renewable energy and distributed energy resources that can provide the same grid services as new gas plants. To replace old power plants likely to retire by 2030 with new gas plants would cost $500 billion and lock in another $400 billion to $500 billion in fuel costs, and release more than 5 billion tons of CO2 emissions. Clean energy portfolios can often be procured at significant net cost savings today, with lower risk and zero carbon emissions, and the *new-build* costs of clean energy portfolios are likely to beat just the *operating* costs of efficient gas-fired power plants within the next two decades. Read More. MICHIGAN IS THE LATEST STATE TO EMBRACE THE VALUE OF CLEAN ENERGY PORTFOLIOS Michigan’s two largest electric utilities just pledged to meet half of their load by 2030 with renewable energy and efficiency technologies, in the latest recognition of the value these technologies provide to customers and shareholders, while providing significant environmental benefits. RMI’s new report *The Economics of Clean Energy Portfolios* shows that, because of the continuing cost declines of both renewable energy and distributed energy resource (DER) technologies, clean energy portfolios that combine the two can often be developed at significant net cost savings, with lower risk and zero emissions. Read More. WHERE THERE’S A WILL, THERE’S A WAY, THANKS TO NEW TOOLS DRIVING CITY CLIMATE ACTION The C40 Cities Climate Leadership Group has created a climate action planning framework to help cities realize the level of action they must take now to make meaningful progress toward carbon reduction goals, and to build the capacity of leaders to take action. The framework can help align leaders around a common approach to combat climate change, and streamline efforts to launch comprehensive plans while taking immediate climate action. Read More. STRANDED INVESTMENTS, THE ENERGY TRANSITION, AND BLOCKCHAIN In an interview with *pv magazine*, RMI CEO Jules Kortenhorst speaks about the impact of stranded investments, the institute’s partnership with a blockchain start-up, and how that start-up, the Energy Web Foundation, can remain neutral. Read More. *FINANCIAL TIMES*: THINK-TANK WARNS ON US GAS PLANT INVESTMENT COSTS The *Financial Times* featured RMI’s latest report, *The Economics of Clean Energy Portfolios*, which demonstrates that US companies risk making hundreds of billions of dollars of unnecessary investments in gas-fired power plants, and that much of that capacity can be replaced more cost-effectively by renewable energy, battery storage, improved efficiency, and measures for reducing demand at peak times. Read More (paywall)

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