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Past and current investor-state disputes relating to the energy transition may provide valuable lessons for what lies ahead. US$131 trillionAn estimated US$ trillion in investments will be needed by 2050 to limit the global temperature increase to 1.5CSource: International Renewable Energy Agency, World Energy Transition Outlook (June 2021) The global energy sector is transitioning from fossil fuels to increased use of renewable energy. This transition, driven partly by the Paris…

FocusU.S. solar generation up 25% in 2021; renewable energy’s share of power mix set to exceed coal in 2022 PV-Tech – February 28Solar power generation in the U.S. rose by 25.23% in 2021, making it the country’s fastest-growing source of electricity, while renewables accounted for 21.02% of all electricity and look set to surpass coal in terms of total production in 2022. The figures, released in a monthly U.S. Energy Information…

In her Fiscal Year 2023 Executive Budget, Governor Kathy Hochul is proposing extending and enhancing the highly successful Brownfield Cleanup Program (“BCP”). In addition to extending the BCP an additional ten years, through December 31, 2032, the legislation would also incentivize the development of renewable energy sites across New York State. Renewable energy sites are the focal point of two aspects of the proposed expanded program. First, BCP sites located in…

Many organizations have longstanding sustainability initiatives for reducing waste through efforts such as recycling or reductions in printing. However, organizations are now also looking to their use of technology to help improve the sustainability of their operations. C-suite technology leaders predict sustainability to be the area where technology has the biggest impact in their organizations in the next three years, according to a recent article in the Wall Street Journal, which cites a survey conducted…

1 Introduction Legislative Decree 199/2021 (Decree), which implements EU Directive 2018/2001 on the promotion of the use of energy from renewable energy sources (RED II) has been published in the Italian Official Gazette and entered into force on December 15, 2021. The legislative process for adoption of the Decree was difficult, which led to a breach of the deadline, set forth by RED II as June 30, 2021. Nevertheless, the Decree offers important…

Renewables made up 87.6% of new electrical generating capacity for first 3 quarters of 2021 By Kelsey Misbrener | November 23, 2021FacebookTwitterLinkedInPinterest Nextracker According to a review by the SUN DAY Campaign of data recently released by the Federal Energy Regulatory Commission (FERC), solar, wind and other renewable energy sources (i.e., biomass, geothermal, hydropower) dominated new U.S. electrical generating capacity additions during the first three-quarters of 2021. FERC’s latest monthly “Energy Infrastructure Update” report (with…

FocusEIA: U.S. large-scale battery storage power capacity increased 35% in 2020 Green Car Congress – August 17The United States continued a trend of significant growth in large-scale battery capacity, with battery power capacity reaching 1,650 MW by the end of 2020. According to EIA’s report, battery power capacity grew by 35% in 2020 and has tripled in the last five years. EIA expects the trend to continue; utilities have reported plans…

FocusCalifornia utilities and clean energy groups urge CPUC to move quickly to free up energy supply Utility Dive – August 11Utilities and clean energy groups are urging the California Public Utilities Commission (CPUC) to move quickly to address the state’s reliability changes in the wake of an emergency proclamation from Governor Gavin Newsom to free up energy supply in the state. In comments filed with the agency last week, stakeholders pushed…

Key Takeaways: The recently released IPCC Report shows irreversible harm to the global ecosystem. Fund managers focused on ESG criteria will have an increased focus on environmentally conscious companies and substantial sums of investment dollars will likely flow into companies that commit to more aggressive ESG plans. Cannabis companies could benefit from looking at how industries like the wine industry have embraced sustainability. In an industry where competition for capital…

FocusNewsom issues emergency proclamation to free up extra sources of power Los Angeles Times – July 31Governor Gavin Newsom issued an emergency proclamation on July 30 to free up additional power and to help make sure the state’s lights stay on in the coming months. The proclamation aims to add capacity or reduce load on the state’s electric grid through October. The proclamation includes the suspension of licensing requirements to speed…