scholarly journals Assessing Renewable Energy Loan Guarantees in the United States

Author(s):  
Ryan M. Yonk

Conceived as an idea to push financing toward underdeveloped clean energy technology to improve the environment, promote economic growth, and produce a more secure energy supply, the Title XVII loan guarantee program has likely failed to meet these objectives. Instead, it has been used as a political tool, exposed taxpayers to unnecessary risk, diverted funding from alternative clean energy investments, and primarily benefitted large, politically connected corporations.

Author(s):  
Daniel J. Fiorino

Ecological policy and politics in the United States and most other countries has turned on the almost inevitable conflicts between ecological and economic goals. US policy recognized this in defining policy as a process of minimizing negatives: of limiting ecological harm while also controlling for pollution and other effects of growth. Instead, policy choices should be built on a green growth strategy—of maximizing the opportunities for positive relationships. This goal is supported by evidence. Ecological policies in the United States have had limited adverse effects on economic growth and competitiveness; at the same time, strategies built on such concepts as clean energy and green infrastructure define options for positive-sum solutions. Evidence of both ecological and social costs of unguided economic growth, as well as the realities of American politics, makes a compelling case for a green growth framing.


Subject Renewable energy in the Caribbean. Significance At the Summit of the Americas on April 10-11, US President Barack Obama said that the United States would help Caribbean countries develop renewable energy sources. The Caribbean had an average cost of 0.33 dollars per kilowatt-hour (kWh) in 2012, nearly three times the US cost of electricity -- a considerable economic burden, not just in the region, but in nearly all island economies. Impacts The World Bank may attract attention as a focus point for investment less politically contentious than the United States or Venezuela. Renewable energy concepts may be first tested in Puerto Rico, which offers US legal protection to investors. Low oil prices may aid the shift to renewables in the region, by damaging Venezuela's regional influence.


2009 ◽  
Author(s):  
Paul S. Pickard ◽  
Dawn Kataoka ◽  
Marissa Devan Reno ◽  
Leonard A. Malczynski ◽  
William J. Peplinski ◽  
...  

Author(s):  
Karoliina Isoaho ◽  
Alexandra Goritz ◽  
Nicolai Schulz

China and India will have to radically transform their electric power systems in order to decouple economic growth from unsustainable resource consumption. The development and deployment of renewable energies offers a solution to this challenge. A clean energy transition, however, requires radical changes in the energy system that can only occur if a governing coalition is both willing and able to implement successful RET (renewable energy technology) policies. The authors analyse how this willingness and ability is shaped by the coalition’s power and cohesiveness, societal pressures, and the institutional configuration across levels of governance. In doing so, central drivers are identified and barriers to a clean energy transition in China and India.


Significance The Trump administration's repudiation of the pact's 'no backsliding' framework for global climate governance has been met with near-universal condemnation from other world leaders. The United States is the planet's second-largest emitter of greenhouse gases and the previous administration promised to transfer funding and clean energy technology as part of Washington's contribution to climate-vulnerable countries. Impacts A tightening US labour market will provide statistical cover for the Trump administration's job creation claims for now. Alignment of the loose Paris vision with more pressing national energy and anti-pollution goals will keep developing countries on-side. EU countries, particularly Germany, are likelier candidates for taking over the US role as provider of funding and technology than China.


2021 ◽  
Vol 18 (02) ◽  
Author(s):  
Kelly Trumbull ◽  
J.R. DeShazo

Despite a lack of action at the national level, the transition to carbon-free energy is becoming a reality across the United States. At the local level, community choice aggregators (CCAs)—which offer communities public control over their electricity purchasing decisions—are accelerating this transition. By forming these electricity providers, member cities and counties can choose how much renewable energy is offered to their residents and businesses. In California, CCAs have become an effective policy tool at accelerating the transition to clean energy. Across the state, 182 cities and counties have become members of one of the 23 CCAs, with additional communities planning to join or form CCAs in the next few years. These CCAs have been effective at unlocking market demand largely stifled by an investor-owned utility monopoly by giving cities and counties greater choice and access to renewable energy. The vast majority of these CCAs procure more renewable energy than the investor-owned utilities they compete with. As a result, CCAs purchased 204% of the renewable energy required by the state from 2011 to 2019. By achieving California’s carbon-free energy targets more quickly than mandated, the state benefits from a cumulatively larger reduction in greenhouse gas emissions each year. The success of CCAs in California demonstrates the power of promoting carbon-free energy at the grassroots, enabled by public, local choice in electricity supply. With six states considering CCA-enabling legislation, and with hundreds of cities and counties across the United States working toward a 100% carbon-free energy goal, policies like California Assembly Bill 117 (2002) that enabled CCAs can provide a valuable tool to accelerate the transition to carbon-free energy. The purpose of this paper is to assess how CCA-enabling policy can support the clean energy transition using California as a case study. We assess three conditions that affect a CCA’s ability to accelerate the clean energy transition: CCA customer characteristics, CCA design features, and their policy and regulatory context. We conclude with a discussion of policy recommendations important to ensure CCAs can continue to support clean energy goals.


2021 ◽  
Vol 9 ◽  
Author(s):  
Zhou Lu ◽  
Linchuang Zhu ◽  
Chi Keung Marco Lau ◽  
Aliyu Buhari Isah ◽  
Xiaoxian Zhu

This paper examines the causal relationship between renewable energy consumption and economic growth in four countries: Brazil, Germany, Japan, and the United States. Unlike previous papers, we control economic policy uncertainty’s effects to capture the role of capabilities on the renewable energy-growth nexus. The recent Vector Autoregression (VAR)-based Granger-causality test of Rossi-Wang shows a bidirectional causal relationship between renewable energy and the economic growth in Brazil and Germany. There is also a significant causality from renewables to economic growth in the United States.


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