The SEC has asked CFOs for details about the risks and opportunities from climate change while preparing a proposed rule on disclosure.
The “Electrify Everything” campaign focuses on voluntary measures. “If someone wants to decarbonize 100%, that’s great. But we know most people want help just taking the first step,” said the city’s sustainability coordinator.
With a House vote expected on nearly $70 billion of grid infrastructure investments, utilities and energy providers must respond to a call to action for investing in social impact, sustainability, and corporate responsibility, the authors assert.
Chairman Richard Glick said FERC would not permit the weakening of the recent recommendations, which one expert said could lead to $1 million per-day penalties for power plants that fail to prepare for climate change.
PSEG’s Ralph Izzo said that in the absence of a price on carbon, the program would help create a “national market” and push the grid transition.
A handful of utilities stand to benefit from a suite of policies and investments the federal government is considering, according to a Sept. 21 research note.
For our climate efforts to succeed, FERC must approve grid operator PJM Interconnection’s plan to mostly undo MOPR’s threat to state and local clean energy goals, a coalition of 10 cities and communities asserts.
“What you’re seeing with utility companies over the last 12 months is really reflective of what … a lot of corporate America is doing, particularly after George Floyd’s murder,” Glover said.
The legislation requires the Federal Highway Administration to set greenhouse gas performance metrics, wherein states would set emissions targets and receive incentives to meet those goals.
The last 20% of the energy sector will depend on further development of green hydrogen, carbon capture, advanced nuclear and other technologies, said the chair of the Edison Electric Institute.