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Citibank: Clean Energy Will Save $1.8 Trillion

October 9 -- A number to remember: $44 trillion. It’s what Citibank estimates that climate change will cost the global economy by 2060 unless we take decisive steps to rein in greenhouse gas emissions.

To put the number in perspective, that is roughly the combined gross domestic products of the United States, China and the European Union. But the banking giant’s recent forecast also offers a financially attractive way forward. >>View Article

Wind And Solar Energy Technologies Eat into Fossil Fuel Power's Business Plan

October 9 -- Renewable energy has long been seen as the energy of tomorrow – widely praised for its low carbon qualities but seen as too expensive compared to traditional forms of energy such as coal and gas.

But new research says that the cost of generating electricity from onshore wind is cheaper today than coal and gas in some parts of the world and solar is not far off. And on top of that, renewable energy is eating fossil fuel power’s business plan. >>View Article

California's New Climate Law Encourages Electricity Industry to Compete Against Big Oil

October 9 -- "We thought about 'Where are the other places that it makes sense for people to charge their cars?' It's probably not running into Starbucks for five minutes to get their coffee," said Aaron Johnson, vice president of customer energy solutions at Pacific Gas & Electric. "The big opportunity is workplace. It's the other place where you really park your car for a long time."

Utilities, however, have reason to move cautiously since early ventures have proved rocky.

Consumer advocates are also watching the state Public Utilities Commission, which must approve plans to install the charging stations, to ensure ratepayers who will foot the bill for the stations do not overpay. The regulatory agency has come under fire for its cozy relationship with major power company executives. >>View Article

Opinion: Our Generation’s Moonshot: A Clean-energy World by 2050

October 7 -- NEW YORK (Project Syndicate) — In May 1961, President John F. Kennedy stirred America and the world with these words: “I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth.” Just eight years later, NASA did just that — with astounding benefits for science, technology, and the world economy.

Now, a group of leading scientists, innovators, and economists has identified our era’s moonshot: to replace fossil fuels with clean-energy technologies within this generation. >>View Article

Amazon Executive: Ohio a Key Supplier in Wind Energy Industry

October 7 -- Ohio leads the U.S. in making components needed for the wind-energy industry – and that has Amazon.com Inc. taking notice, according to Columbus Business First.

Reid Spolek, manager of renewable energy for the Seattle-based company’s Amazon Web Services division, said at the Mid-Ohio Regional Planning Commission’s recent Summit on Sustainability that Ohio is seen by the company as more than just home to three under-construction data centers. >>View Article

Report: Clean Energy Is Booming in North Carolina with Surging Jobs, Revenue

October 7 -- Clean-energy jobs in North Carolina grew 12% from last year to 25,700, and revenue for the industry grew 37% to $6.6 billion, according to a new report by the N.C. Sustainable Energy Association.

The association’s Robin Aldina gave a preview of the 2015 North Carolina Clean Energy Census at the Making Energy Work Conference in Raleigh on Tuesday. The full report is due out in November.

Aldina, who is compiling the eighth annual report, says that the largest industry group for clean energy in the state is tied to energy efficiency for buildings. That accounted for $2.3 billion in revenue and 12,700 full-time jobs. >>View Article

Study: Northeast Has More Than 250k Commercial Rooftops Suitable for Solar

October 7 -- A new study that looks at solar potential in the Northeast concludes a large market has been largely neglected, as solar developers focused on residential and utility-scale power. Assuming an average mid-sized solar system of 350 kW, the firm believes the Northeast's suitable commercial buildings have 94,733 MW of untapped solar potential.

"The mid-scale solar market is ripe for expansion in the Northeast," the report concluded. "A solid mix of available space, potential savings, and investment appetite combine to attract financiers to the market." >>View Article

New York's Revolutionary Plan To Remake Its Power Utilities

October 7 -- By now, many people are aware of the ongoing battles between customers with rooftop solar panels and power utilities around the country. At first blush, this can look like a standard story of scrappy outsiders versus evil corporations. But as I've been arguing, that's not quite right.

Utilities aren't evil. They are doing exactly what they are designed to do. The problem is the design. Right now, utilities operate in a regulatory environment that puts them intrinsically at odds with some of the coolest, most promising stuff happening in energy today: rooftop solar, energy storage in electric vehicles and household batteries, smart home energy management tech like the Nest thermostat, and various new ways of aggregating and managing demand. >>View Article

McAuliffe: Clean Power Plan in Virginia

October 7 -- Since the beginning of my administration, my team and I have been focused on diversifying the Virginia economy by attracting new high-growth industries while helping to grow existing businesses in the state. I have traveled throughout this country and the world selling Virginia as a top place to do business and creating a welcoming environment for all industries.

In 2014, I released a comprehensive Virginia energy plan with an explicit focus on economic development. >>View Article

California Leads a Quiet Revolution

October 7 -- BERKELEY, California — California is cruising toward its 2020 goal for increasing renewable energy and is setting far more ambitious targets for the future. Its large-scale solar arrays produced more energy in 2014 than those in all other states combined. Half the nation’s solar home rooftops are in the state, and thousands more are added each week.

With its progressive politics, high-tech bent and abundant sunshine, California is fast ramping up its production of clean electricity, setting an example its leaders hope the rest of the country, and other nations, will follow as they seek to cut emissions of climate-warming carbon dioxide. >>View Article

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