Peter Rothstein, NE Clean Energy Council
Development is happening most rapidly at the state and regional level
A new framework for renewables needed now to go from 5% to 25%
Energy efficiency at 1% per year
Carbon at 45% below target from 2006
Decoupling of energy and emissions from economic growth as energy costs, through efficiency and renewables, have come down
Renewables, efficiency, innovation, electricity system, carbon
Only energy resources in NE are renewables but must be cost effective. By 2025, 15% renewables 50% gas
RPS [renewable portfolio standard] does not extend beyond 2020 and may not meet the needs of renewables growth acceleration - a regional strategy for interconnection and net metering (modest connection fee?)
City by city solarize bulk buying and installation should go regional
Utility scale is mostly wind in VT and ME with a competitive market
Efficiency is state by state, in MA it is half a billion $ per year run through utilities to MassSave. Need to go beyond 5 year payback and new funding. Only 1% of opportunities done per year. CT was the first with a green bank and now NY is following. A regional green bank?
2000 saw 1% of venture capital in cleantech, peaked about 25% and has now declined to 15% but much more is needed over a longer timeframe.
10% of ARPA-E projects have gone to MA and MA has the Clean Energy Center to fund new tech as do ME, RI, and NY through NYSERDA. How can utilities become partners in this process?
Redesigning the electrical system is a discussion that has only just started. MA DPU began about a year and a half ago with an order for grid modernization plan by June - pricing signals, distributed energy, smart grid.... Making the demand side competitive. A reliability service. NY also starting on this process now. Utilities devote less than a quarter of 1% for R and D.
RGGI [Regional Greenhouse Gas Initiative] is in nine states and been in operation for four years and redesigned the price signal a year or so ago as the price dropped very low. EPA regs will be a spur to lowered carbon emissions in other states. An expansion of RGGI possible. A regional carbon tax? RGGI states have had faster economic growth, lower energy bills, and reduced carbon than other states.
The cleantech challenge is the length of time from invention to market.