Energy

Recent courtroom wins for advocates of a more competitive process for approving interstate electric transmission lines could help clear the way for greater access to clean energy for Americans in the long run. On Monday, the Supreme Court declined to hear Texas’ defense of its “right of first refusal,” or ROFR, law that gave preference for certain utilities to build new power lines across state borders. The law was struck down by a lower bench last year. The justices’ order, which keeps Texas’ law off the books, could serve as a check against adoption of similarly restrictive laws in other states, said Ari Peskoe, director of the Electricity Law Initiative at Harvard Law School. “If utilities had pushed that model across the country, that really would have solidified utility dominance over our transmission systems,” Peskoe said. “The Supreme Court’s decision … should at least prevent tha...

Hawaiian Electric will begin contract negotiations with developers of four renewable energy projects on Maui, that the company says “will further reduce Hawaii’s dependence of imported oil for power generation.” In total, Hawaiian Electric will begin negotiations with developers of 15 renewable projects, with seven on Oahu and four on Hawaii island, the company said earlier this month. Estimated completion dates for the projects on the three islands range from 2026 to 2033. On Maui, discussed will be three solar-plus-storage projects and one wind project totaling approximately 324 GWh of variable generation and 320 MWh of storage. The announcement of new contract negotiations comes as last month Hawaiian Electric and developer Innergex Renewable Energy announced the termination of an agreement for a planned grid-scale solar and battery storage project in South Maui which was hit with lengthy delays from the developer’s legal ch...

World leaders headed into overtime this week in Dubai at COP28, the international climate change summit, to broker agreements on lowering global-warming emissions. Driving the news: In the U.S., Texas continues to emit the most greenhouse gasses of any state with little signs of recent change. By the numbers: U.S. Energy Information Administration (EIA) data show Texas’ overall CO2 levels increased nearly 85% from 1970 to 2021 across all sectors — homes, businesses and transportation. Threat level: The state is experiencing the impacts of climate change in many ways, from record-setting temperatures to longer droughts and wetter hurricanes. Between the lines: Texas has yet to see any significant change in emissions in recent years — just a 1% increase between 2016 and 2021, according to the EIA data. Meanwhile: A recent draft document from the Texas Department of...

Last October, when the old propane boiler failed at 23 Hardware and Lumber in Askov, owner Scott Peterson did something that many experts say is critical for Minnesota to combat climate change and reach its greenhouse gas reduction goals. He replaced it, not with a traditional boiler or furnace, but with an electric air-source heat pump. He didn’t do it to save the planet. He did it to save money — and to get air conditioning for the first time. One year later, he’s happy he made the switch. He admitted to a bit of sticker shock when he got the quote for his new system, which included the heat pump, new ductwork, and a backup propane furnace. “But, you know, if you’re saving two to three grand a year on propane, it don’t take very long to pay for it,” Peterson said. Meanwhile, he said his electric bill has increased only modestly, by about $20 to $30 per month. Peterson hadn’t heard much about heat pump...

There are glass-half-empty and glass-half-full ways to view renewable energy and climate finance in Africa, the second largest and most populous continent. The somber take: Africa and its countries are not even close to being on track to achieve the Paris Agreement or their own climate goals — their contributions to limiting global warming to 1.5 degrees Celsius or 2.7 Fahrenheit — before 2030. The Climate Policy Initiative estimated the continent will require $277 billion of renewable energy investments each year from 2020 to 2030 to meet its goals and that isn’t happening. There is currently only $29.5 billion invested, a shortfall that will ultimately hamper the collective effort to avoid profound environmental problems and keep the earth livable. “It is unlikely that global climate change mitigation efforts can be successful without taking Africa into consideration,” Pieter Scholtz, the ESG Africa partner lead at KPMG, said i...

On December 10th we witnessed President Javier Milei’s inauguration in Buenos Aires. Considered by many a controversial, far-right libertarian, Argentina’s new head of state is thought of as a wild card for many. At the same have also seen a return of the “conventional” right into his cabinet. So, what can we expect for Argentina’s energy sector? The South American country has a wide range of natural resources at its disposal; relating to energy it has a strong potential for shale oil and gas, hydroelectric generation, biomass, and battery metals—notably lithium. With such endowments, it is not only important for global commodity markets; it has a strategic role to play in the energy transition. President Milei’s win in the second round meant, for most financial markets, good news. While the peso fell against the dollar, in New York Argentine stocks and bonds shot up on news of his victory. In particular, investo...