The White House made a big announcement at the Clean Energy Investment Summit this Tuesday: they have procured $4 billion worth of independent commitments from the private sector to fund investments in clean energy and other carbon-cutting solutions. These commitments come from a wide range of organizations, like the University of California and Goldman Sachs. There are many takeaways to a high-profile statement like this, but most importantly, this announcement just continues the trend of private investment leading the way on clean energy.
With a President touting a clean energy legacy, the Obama administrational can, and should, tear down Big Oil’s illegitimate ‘blend wall’ to encourage a cleaner, freer fuel market.
With its passage in 2007, the Renewable Fuel Standard (RFS) was developed in collaboration with refiners, renewable fuel producers and agribusinesses to help open competition and ensure that transportation fuel sold in the U.S. contains a minimum volume of clean, renewable fuel. The widely bipartisan law was intended to increase production of overall renewable fuels annually, and eventually increase the percentage of advanced biofuels blended into petroleum for vehicles. With its implementation, however, the clout of the oil industry has led to what is essentially a cap on how much renewable fuel is added to America’s petroleum supply. This so-called ‘blend wall’—as it has been infamously dubbed—stands as a 10 percent barrier to the biofuels industry and slows development for a much cleaner transportation sector.
You wouldn’t think it, but an energy revolution is taking place in the heart of oil-soaked Texas. This revolution, however, has nothing to do with the black-gold that has historically been so lucrative to the Lone Star state. Rather, as the small city of Georgetown, TX, “goes green”, the term is taking on a double meaning as residents discover they can have green energy while also saving the green in their pockets.
This is the final installment of a 3 part series
We have a bright future ahead of us if we harness the full potential of our country’s renewable energy resources. Transforming the way we produce and distribute energy will not only be good for our environment, it will also be great for our economy—spurring innovation and creating jobs. So how do we make the most of the opportunity that lies before us?
This is part 2 of a 3 part series
It’s time to relax. The day has passed and we can all finally let out a collective sigh of relief now that we’ve successfully navigated the obstacle course that is filing our annual income tax return. Luckily, almost no one needed to read the 3,863 page long Internal Revenue Code to figure out how to complete their taxes. Most of us were probably smart enough to use TurboTax®, or another tax return preparation tool like it. If you would have filed your yearly income taxes by following the guidelines presented in the Internal Revenue Code, it would have taken time—lots of it—and you’d likely miss key information. Like taxes have taught us, it’s much easier to use a technology platform to simplify complex processes. As it turns out, solar diligence isn’t much different.
This is part 1 of a 3 part series
The U.S. solar industry continues to face real obstacles to scale despite all the positive news about growth in jobs and installations this past year. There are widening imbalances, and looming disruptions, among the residential, commercial and utility solar segments that reveal some of the challenges and opportunities that lie ahead. Industry leaders are working together, however, to crack the code on solar diligence and steamline the process for financing commercial and industrial solar projects.