Business

Promoting Clean-Tech Innovation for Low-Carbon Growth

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Download presentations from our side event at RIO+20

Opportunities for clean-tech innovations are growing, driven by policy changes, market shifts, and continued growth in energy and resource consumption, particularly in developing regions of the world. The next 20 years will be critical for the development, demonstration and deployment of clean technologies that can support climate mitigation and adaptation, energy security, resource efficiency, job creation, and competitiveness. This panel will feature recent projects and lessons learned in promoting low-carbon and clean-tech innovation and entrepreneurship in both established multinational companies and start-ups. Business leaders will discuss the drivers and strategies for developing solutions that reduce GHG emissions at the same time as they bring bottom-line value, improved efficiency, enhanced performance, or competitive edge in a global marketplace. Innovation experts from business and government will describe the steps that can be taken to recognize and support innovation and entrepreneurs in their countries, including the needs for mentorship and incubation for aspiring innovators and small-medium enterprises.

This RIO+20 side event was held on Sunday, June 17, 2012, from 5:00-6:30 pm at the U.S. Center pavilion. Links to PDFs of the presentations are provided below.

Opening remarks:

  • David Rodgers, Senior Energy Specialist, Global Environment Facility
  • Meg Crawford, Markets Business Strategy Fellow, Center for Climate and Energy Solutions (C2ES)

Panelists:

  • Clay Nesler, Vice President, Global Energy Sustainability, Johnson Controls, Inc.
  • Dawn Rittenhouse, Director, Sustainable Development, DuPont
  • Rex Northen, Executive Director, Clean Tech Open
  • Pradeep Monga, Director, Climate and Energy, United Nations Industrial Development Organization (UNIDO)
  • Roberto Alvarez, Agency for Industrial Development in Brazil (ABDI)

This event is organizied by the Global Environment Facility (GEF) and the Center for Climate and Energy Solutions (C2ES)

Navigating the American Carbon World (NACW) conference

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2012 marks the 10th anniversary of Navigating the American Carbon World (NACW), North America's largest and most anticipated carbon conference. Over the last decade, NACW has been known as the most trusted and reliable event for getting updates and insights into climate policy and carbon market information. The event features the most forward-thinking minds that are driving action to address global climate change. And, because of the depth and diversity of its delegates, who represent business, NGOs, academia and government agencies, it is known as the single best place for networking and collaborating.  NACW 2012 will take place April 10-12 in San Francisco and will present a detailed look at California's cap-and-trade program and other types of mitigation, as well as current and potential linkages between state-level, regional and international carbon markets and sub-national REDD programs. The event is hosted by the Climate Action Reserve. For additional information, please visit www.nacw2012.com.

March 2012 Newsletter

Click here to view our March 2012 newsletter.

Learn about new EPA power plant rules, an action plan to get more electric vehicles on the road, recommendations from the National Enhanced Oil Recovery Intiative to boost domestic oil production while cutting CO2 emissions from power plants, and more in C2ES's March 2012 newsletter.

Capturing CO2 Emissions to Produce Domestic Oil: NEORI and CO2-EOR’s Unique Solution

Bloomberg editors endorse NEORI's production tax credit recommendations

Few policy options can be a win-win for both political parties, as well as industry, environmental advocates, and labor. Similarly, increasing oil production and decreasing carbon emissions are thought of as conflicting goals. Yet, a solution may be on the horizon. On February 28, the National Enhanced Oil Recovery Initiative (NEORI) released its recommendations for advancing enhanced oil recovery with carbon dioxide (CO2-EOR). NEORI is a broad coalition of industry, state officials, labor, and environmental advocates

While NEORI participants might not agree on many energy and environmental issues, each participant recognizes the vast potential of CO2-EOR and worked toward producing a set of policy recommendations for its expansion. CO2-EOR already produces 6 percent of U.S. oil, and it could potentially double or triple existing U.S. oil reserves. In comparison to other options, CO2-EOR offers an extraordinarily large potential expansion of domestic oil production, while also advancing an important environmental technology.

Market Mechanisms: Understanding the Options

Market Mechanisms: Understanding the Options

March 2012

Download the full brief (PDF)

Resources:

 

The most recent study on climate change by the U.S. National Academy of Sciences concluded that, “Climate change is occurring, is caused largely by human activities, and poses significant risks for—and in many cases is already affecting—a broad range of human and natural systems. (See Climate Change 101: Science and Impacts.) The combustion of fossil fuels has contributed to the expansion of the global economy since the start of the Industrial Revolution. It has also substantially increased the concentration of carbon dioxide, the primary greenhouse gas in the atmosphere. The cumulative impact of these emissions poses significant economic risks. Policies to reduce emissions are required if we are to avoid the most costly damages of a rapidly changing climate. This brief describes how market-based policies can achieve climate goals more cheaply and efficiently than alternative policy structures—all while driving innovation to develop more cost effective, clean energy solutions that will serve as the foundation for strong economic growth throughout the 21st century.

 

 

 

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Broad Coalition Offers Plan to Accelerate Adoption of Plug-In Electric Vehicles

Press Release
March 13, 2012
Contact: Tom Steinfeldt, steinfeldtt@c2es.org, 703-516-0638

Broad Coalition Offers Plan to Accelerate Adoption of Plug-In Electric Vehicles
C2ES-Led Group Recommends Strategies to Connect PEVs to the U.S. Electrical Grid

WASHINGTON, D.C. – A coalition including automakers, electric utilities, environmental groups, and state officials outlined joint recommendations today to accelerate the adoption of plug-in electric vehicles (PEVs) nationwide.

The PEV Dialogue Group, convened last year by the Center for Climate and Energy Solutions (C2ES), presented its recommendations at a Washington, D.C. event featuring remarks by group members from General Motors, Southern California Edison, the state of Michigan, and the Natural Resources Defense Council.

The group’s report, An Action Plan to Integrate Plug-in Electric Vehicles with the U.S. Electrical Grid, provides a roadmap for coordinated public and private sector action at state and local levels to ensure that PEV owners can conveniently plug in their cars without overtaxing the grid.  It recommends steps to ensure compatible regulatory approaches nationwide, balance public and private investments in charging infrastructure, and better inform consumers about PEVs.

“With plug-in electrics, we now have a mass-produced alternative to the internal combustion engine,” said C2ES president Eileen Claussen. “This is a major opportunity to tackle both energy security and climate change, and to put American industries and workers out front on a truly transformative technology. But for PEVs to succeed, we need all the right parties working together. That’s what this plan is all about.”

Nearly 18,000 PEVs were sold in the United States last year; over the next year or two, all of the major automakers plan to have models on the road. Some PEVs like the Nissan Leaf rely entirely on battery power, while others like the Chevy Volt have small backup engines to extend their driving range.

Broad deployment of PEVs, which use little or no gasoline, can significantly reduce U.S. reliance on imported oil and curb harmful tailpipe emissions. If accompanied by the gradual decarbonization of U.S. electricity, PEVs can also significantly reduce emissions of greenhouse gases. But growth of the PEV market faces major challenges, including new infrastructure letting owners plug in at home and on the road while ensuring the reliability of the grid.

The PEV Dialogue Group’s Action Plan includes recommendations to:

  • Encourage state public utility commissions and other policymakers to establish a consistent regulatory framework nationwide to harmonize technical standards; streamline the installation of household and commercial charging stations; and use electricity rate structures to promote charging at off-peak hours.
  • Assist local policymakers and stakeholders in assessing local needs, developing tailored strategies, and optimizing public and private investment in charging infrastructure.
  • Provide consumers with reliable information on the costs and benefits of PEVs and the choices among PEV technologies.

“Instead of policies that increase our addiction to oil, we need to provide Americans more transportation choices,” said Roland Hwang, transportation director at the Natural Resources Defense Council. “Putting millions of electric vehicles on the road will cut drivers’ fuel bills, help the auto industry, keep billions of dollars in the U.S. economy, and curb emissions of dangerous air pollutants. By working together across the political spectrum to enact this Action Plan, we can create a vibrant market for electric cars, restore U.S manufacturing leadership and create thousands of jobs.”

“The U.S. electrical grid is a national energy security asset and has the excess capacity, off-peak to support millions of electric vehicles right now,” said Edward Kjaer, director of PEV readiness, at Southern California Edison, a major electric utility. “With the PEV Action Plan, C2ES has spearheaded an important effort that will help us all use this critical domestic resource for transportation and begin to reduce this nation's dependence on imported oil."

“GM is glad to work with groups such as C2ES that are working to advance the adoption of electric vehicles through real-world best practices and stakeholder education,” said Michael Robinson, vice president of sustainability and global regulatory affairs at GM.

“It has been a pleasure to work with the other members of the PEV Dialogue Group and identify policies that will help seamlessly integrate plug-in electric vehicles with our electrical grid,” said Orjiakor Isiogu, a member of the Michigan Public Service Commission. “I look forward to continuing my work within the group and helping it properly balance the needs of electricity customers and the opportunity presented by PEVs.”

C2ES will work with the PEV Dialogue Group and others to promote implementation of the Action Plan. Over the coming months, C2ES is working with the Washington State Department of Transportation to advise transportation officials in seven states on steps to accelerate PEV adoption, and with the U.S. Department of Energy to support DOE-funded Clean Cities Coalitions working in dozens of communities across the country to develop local PEV deployment plans.


About C2ES
The Center for Climate and Energy Solutions (C2ES) is an independent non-profit, non-partisan organization promoting strong policy and action to address the twin challenges of energy and climate change. Launched in November 2011, C2ES is the successor to the Pew Center on Global Climate Change, long recognized in the United States and abroad as an influential and pragmatic voice on climate issues. C2ES is led by Eileen Claussen, who previously led the Pew Center and is the former U.S. Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs.


PEV Dialogue Group Participants

  • A123 Systems
  • AASHTO
  • Argonne National Laboratory
  • Alliance of Automobile Manufacturers
  • Better Place
  • Center for Climate and Energy Solutions
  • City of Raleigh, NC
  • Daimler
  • U.S. Department of Energy
  • Edison Electric Institute (EEI)
  • Electric Drive Transportation Association (EDTA)
  • Electrification Coalition
  • Electric Power Research Institute (EPRI)
  • General Electric
  • General Motors
  • Georgetown Climate Center
  • Indiana Utility Regulatory Commission*
  • Johnson Controls Inc.
  • Metropolitan Washington Council of Governments
  • Michigan Public Service Commission*
  • National Wildlife Federation
  • North Carolina Department of Transportation
  • Northeast Utilities System
  • Natural Resources Defense Council
  • NRG Energy
  • PJM Interconnection
  • Rockefeller Brothers Fund
  • Rocky Mountain Institute
  • Southern California Edison
  • U.S. Department of Transportation
  • University of Delaware
  • Washington State Department of Transportation

*The role of these group members must be limited to technical contribution because of their organizational function.

Press Release: Inaugural Climate Leadership Award Recipients Announced

Press Release
February 29, 2012
 

Contact:
C2ES: Tom Steinfeldt, steinfeldtt@c2es.org, 703.516.0638
The Climate Registry: Alex Carr, alex@theclimateregistry.org, 778.340.8837
ACCO: Dan Kreeger, dkreeger@ACCOonline.org, 202.496.7390
 

One Individual and 20 Organizations Receive Inaugural Climate Leadership Awards

WASHINGTON, D.C. – Today, the U.S. Environmental Protection Agency (EPA), the Center for Climate and Energy Solutions (C2ES) (formerly the Pew Center on Global Climate Change), The Climate Registry (TCR), and the Association of Climate Change Officers (ACCO), named the winners of the inaugural Climate Leadership Awards. The awards recognize corporate, organizational, and individual leadership in addressing climate change and reducing carbon pollution. From setting and exceeding aggressive emissions reduction goals to reducing the emissions associated with shipping goods, these organizations are improving efficiency, identifying energy and cost saving opportunities, and reducing pollution.

“The Climate Leadership Award winners are breaking new ground in cutting carbon pollution that harms our climate and threatens our health,” said Gina McCarthy, assistant administrator for EPA’s Office of Air and Radiation. “We applaud our winners for their inspiring leadership, and hope they will serve as examples to catalyze the efforts of other organizations.”

“Corporate leadership is essential to meeting our climate and energy challenges,” said C2ES President Eileen Claussen. “We join EPA in applauding the first winners of the Climate Leadership Award. These companies demonstrate every day that it’s possible to shrink your carbon footprint without compromising your bottom line. Their accomplishments will inspire other companies to act, and will contribute to strong, sensible policies benefiting both our economy and our climate.”

“The Climate Registry congratulates the inaugural Climate Leadership Award winners on their impressive achievements,” said David Rosenheim, the executive director of TCR. “As we transition in the next few years to a low carbon economy, these organizations will undoubtedly reap the benefits of taking aggressive action to reduce their carbon risk.”

“The inaugural winners of the Climate Leadership Award have demonstrated aggressive greenhouse gas (GHG) management actions and climate-related strategies," said Daniel Kreeger, ACCO's Executive Director. "The exemplary climate response exhibited by these organizations is a testament to the visionary leadership and innovation within their executive suite and workforce. The thought and action leadership of these award winners is a model for all companies, government entities, academic institutions and individuals for which to strive to achieve.”

The Climate Leadership Award recipients are as follows:

Organizational Leadership: Recognizes organizations for exemplary leadership both in their internal response to climate change and through engagement of their peers, competitors, partners, and value chain:

  • IBM
  • San Diego Gas & Electric


Individual Leadership: Recognizes an individual for outstanding efforts in leading an organization’s response to climate change:

  • Gene Rodrigues, Director of Customer Energy Efficiency and Solar at Southern California Edison


Supply Chain Leadership: Recognizes organizations for actively addressing emissions outside their operations:

  • Port of Los Angeles
  • SAP
  • UPS


Excellence in GHG Management (Goal Achievement): Recognizes organizations for aggressively managing and reducing their GHG emissions:

  • Campbell Soup Company
  • Casella Waste Systems
  • Conservation Services Group
  • Cummins Inc.
  • Fairchild Semiconductor
  • Genzyme
  • Hasbro
  • Intel Corporation
  • International Paper
  • SC Johnson


Excellence in GHG Management (Goal Setting): Recognizes organizations for establishing aggressive GHG reduction goals:

  • Avaya
  • Bentley Prince Street
  • Campbell Soup Company
  • Ford Motor Company
  • Gap Inc.
  • Ingersoll Rand


The awards will be presented tonight at the inaugural Climate Leadership Conference in Fort Lauderdale, Fla. The conference will bring together leaders from business, government and academic institutions who are interested in exchanging best practices on how to address climate change while simultaneously running more competitive and sustainable operations.

More information about the Climate Leadership Awards and award winners: http://www.epa.gov/climateleaders/awards/index.html

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About C2ES
The Center for Climate and Energy Solutions (C2ES) is an independent non-profit, non-partisan organization promoting strong policy and action to address the twin challenges of energy and climate change. Launched in November 2011, C2ES is the successor to the Pew Center on Global Climate Change, long recognized in the United States and abroad as an influential and pragmatic voice on climate issues. C2ES is led by Eileen Claussen, who previously led the Pew Center and is the former U.S. Assistant Secretary of State for Oceans and International Environmental and Scientific Affairs.

Climate Leadership Conference

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February 29-March 1 in Fort Lauderdale, Florida.

With the U.S. Environmental Protection Agency as the headline sponsor, the first annual Climate Leadership Conference will be held from February 29-March 1, 2012, in Fort Lauderdale, Florida. The conference will bring together leaders from business, government and academic institutions, and the non-profit community interested in exchanging ideas and information on how to address climate change while simultaneously running their operations more competitively and sustainably.

The conference includes a gala to honor recipients of the Climate Leadership Awards, a new national awards program to recognize exemplary corporate, organizational, and individual leadership in response to climate change. U.S. EPA, in partnership with C2ES, The Climate Registry (The Registry), and the Association of Climate Change Officers (ACCO), sponsor the awards. 

Featured conference speakers include:

  • Nancy Sutley – Chair, White House Council on Environmental Quality
  • Gina McCarthy – Assistant Administrator, Office of Air and Radiation, U.S. Environmental Protection Agency
  • Mary Nichols – Chair, California Air Resources Board
  • Eileen Claussen – President, Center for Climate and Energy Solutions

Click here for complete speakers list and detailed conference agenda.

Program Highlights

  • Network with leaders from the public and private sectors, including federal and state government officials, industry leaders, and nonprofit experts
  • Attend the Climate Leadership Awards Gala, which is held in conjunction with the conference
  • Hear insights from winners of the 2011 Climate Leadership Awards for the Supply Chain, Organizational and Individual Leadership categories

Conference attendees will learn about and exchange solutions on topics including

  • Leveraging Clean Energy Opportunities
  • Managing Climate Risks and Building Resilience
  • Supply Chain Strategies
  • Disclosures and Questionnaires
  • Setting and Achieving GHG Reduction Goals Education & Engagement
  • Strategies Making the Business Case for Climate Response

Any sponsorship or advertisements appearing in these materials do not imply endorsement, recommendation, or favor by the United States Government or the U.S. Environmental Protection Agency.

Recommended Modifications to the 45Q Tax Credit for Carbon Dioxide Sequestration

Recommended Modifications to the 45Q Tax Credit for Carbon Dioxide Sequestration

February 2012

Download the full report (PDF)

Press Release

Other resources:

Introduction:

The National Enhanced Oil Recovery Initiative (NEORI) recommends that Congress consider implementing a revenue-positive federal production tax credit to support deployment of commercial carbon dioxide (CO2) capture and pipeline projects. A new, more robust federal incentive is needed to increase the supply of man-made or anthropogenic CO2 that the oil industry can purchase for use in enhanced oil recovery (EOR) to increase domestic production from existing oil fields. 

NEORI also recommends that Congress undertake immediate modification of the existing Section 45Q Tax Credit for Carbon Dioxide Sequestration,[1] through legislative action and/or working with the Department of the Treasury to revise Internal Revenue Service program guidance. 

To avoid stalling important commercial CO2 capture projects under development, there is an urgent need to improve the functionality and financial certainty of this federal incentive to enable its effective commercial use. To make 45Q immediately accessible to US companies, Congress should pursue the following changes to the program: 

  • Designate the owner of the CO2 capture facility as the primary taxpayer; 
  • Establish a registration, credit allocation, and certification process; 
  • Change the recapture provision to ensure that any regulations issued after the disposal or use of CO2 shall not enable the federal government to recapture credits that were awarded according to regulations that existed at that time; and 
  • Authorize limited transferability of the credit within the CO2 chain of custody, from the primary taxpayer to the entity responsible for disposing of the CO2

The consensus recommendations below detail the specific 45Q program modifications requested, and the section-by-section summary provides further explanation and context. 

Background and Rationale 

Section 45Q makes available a per-ton credit for CO2 disposed of in secure geologic storage. The program provides $10 per metric ton for CO2 stored through EOR operations and $20 per metric ton for CO2 stored in deep saline formations. However, due to unforeseen issues in the original statute (§ 115 of the Energy Improvement and Extension Act of 2008), the 45Q program lacks sufficient transparency and certainty for companies to be able to use the credit to secure private financing for projects. 

Large-scale expansion of commercial EOR using industrially-sourced CO2 later in this decade requires that critical industrial capture projects begin construction now and enter commercial operation within the next few years. If Congress makes modest, functional improvements this year to 45Q that result in little or no additional fiscal cost, the program currently authorized at 75 million metric tons of CO2 stored can help several significant EOR projects nationwide secure private sector financing and move forward to commercial operation. 

Reference:

1. 26 USC §45Q provides a tax credit for carbon dioxide sequestration. Section 45Q was enacted by § 115 of the Energy Improvement and Extension Act of 2008.  

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