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In its pursuit of a U.S. clean energy transition, the Biden administration has placed a high priority on equity and environmental justice to ensure that every household and community benefits from a decarbonized grid.


The Department of Energy is pursuing this goal on federal level with its new Inclusive Transmission Planning project, which will provide technical assistance to grid planners seeking to integrate equity and community input into their projects upfront, rather than as an add-on, NetZero Insider’s K Kaufmann reports. 


In Massachusetts, programs aimed at incentivizing storage are lagging on equity, according to a new study, NetZero New England correspondent Jon Lamson writes. Two of the programs have no incentives targeting low-income customers, and one that does is seeing minimal response from EJ communities. 


In both cases, at least part of the answer is designing programs based on early, intensive community engagement. 


Lamson also reports on efforts by Massachusetts Gov. Maura Healey to move ahead with clean energy siting and permitting changes via special provisions in a supplementary budget bill. Healey is focusing on basic permitting reforms with bipartisan support to avoid the conflicts that sunk those efforts during the legislature’s regular session. 


Meanwhile, James Downing has been following the story on the RTOs that continue to lobby EPA for changes to its rules requiring existing coal plants to either retrofit with carbon capture by 2032 or shut down by 2039. As part of an appeal effort, ERCOT, MISO, PJM and SPP recently filed a joint brief arguing for “safety valve” provisions to prevent premature closures of coal plants that could affect system reliability. 


In our curated content, Inside Climate News exposes how Republican efforts to politicize environmental, social and governance efforts among top U.S. investment banks have resulted in some of them withdrawing from Climate Action 100+, an international group of investors seeking to push large corporate emitters to cut their greenhouse gases. 


The New York Times has reports on how emissions are affecting homeowners and buyers in California and New York. On the West Coast, insurers have abandoned homeowners in the San Bernardino mountains, which have been hit repeatedly by wildfires and blizzards, while in New York City, finding an affordable home often means buying in a flood zone where buyers must consider the cost of expensive repairs after a flood. 


Two months out from COP29 in Azerbaijan, Mukhtar Babayev, the host country’s minister of ecology and natural resources, made headlines this week with a proposal for 14 initiatives aimed at raising global climate action while avoiding the usual conflicts that inevitably water down final agreements at the annual conference. As reported by Renewable Matter, Babayev is calling for a global commitment to increase the deployment of energy storage six-fold over 2022 levels by 2030 and finance 80 million kilometers ― that’s 49.7 million miles ― of grid upgrades and additions by 2040. 


But global commitments, however ambitious, are only as effective as the countries that implement them, and according to The New York Times, despite President Joe Biden’s leadership on a global drive to cut methane emissions by 30% by 2030, those “super pollutant” emissions are increasing across the U.S. because of its booming oil and gas industry. 


Our newsletter is loaded with good stories. Read on for this week’s Intelligence Report: 


Jump To

Equity & Economics
Finance & Investing
Impact & Adaptation
Policy & Politics

 
 

Equity & Economics

Environmental Justice

International

Departures From Climate Action 100+ Highlight U.S.-Europe Divide Over ESG Investing

In recent months, several major U.S. financial firms have left Climate Action 100+ in apparent response to political pressure. Abroad, the initiative is anything but losing steam. Inside Climate News


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Finance & Investing

Finance & Investing

California

California Mountain Towns Are Too Risky for Insurers, but Residents Want to Stay

In the San Bernardino Mountains, another wildfire has forced residents to flee, the latest reminder that they must accept the risks of climate change if they want to remain. The New York Times


New York

New York Home Sales in Flood Zones Are Booming. Why Do Buyers Take the Risk?

New Yorkers are spending billions on houses in flood-prone areas despite growing awareness of the effects of climate change. The New York Times


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Impact & Adaptation

Adaptation

U.S.

The Promise and Challenges of Managed Retreat

What we can learn from South Carolina, which is ahead of other states in managed retreat -- but still faces hurdles incentivizing people to leave homes that repeatedly flood. Inside Climate News


Impact

U.S.

Another Midwest Drought Is Causing Transportation Headaches on the Mississippi River

Abnormally dry conditions have caused low water levels that disrupt barge transports carrying fuel and grain. Climatologists say it could be part of a larger trend. Inside Climate News


International

New Study Suggests Major Climate Reports May Be Underestimating Drought Risks

North America and Southern Africa, in particular, may endure longer dry spells than water managers expect, but research shows rising emissions magnifying both wet and dry extremes. Inside Climate News


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Policy & Politics

Policy & Politics

International

COP29 aims to boost battery storage and grids for renewables, as pledges proliferate

Governments will be asked to sign up to a goal to boost energy storage six-fold and renew or add 80 million km of electric grids, among other initiatives. Climate Home News


International

COP29 host skips over fossil fuels to waste methane and energy storage

The host country for the upcoming UN COP29 climate summit skipped over the transition from fossil fuels in a list of priorities for the gathering in Azerbaijan, focusing instead on energy storage, waste methane and war. The Financial Times


International

COP29 leaders unveil climate funding and energy storage goals

Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans for what it hoped to achieve, as countries continue to wrestle with how to raise ambitions for a new financing target. Reuters


International

COP29 presidency pushes climate funding and energy storage goals

Less than two months before the highly anticipated COP29 United Nations Climate Summit in Baku, the Azerbaijani presidency laid out its plan to enhance ambition and enable action, as countries struggle to agree on a new annual financing target for helping poorer countries cut their emissions and adapt to the climate crisis. Renewable Matter


International

Methane Levels Still Rising, Despite Global Methane Pledge

Satellite data shows the U.S. releasing more and more of the potent greenhouse gas into the atmosphere, researchers said, despite pledges to cut back. The New York Times


Wyoming

With Wyoming's Regional Haze Plan 'Partially Rejected,' Conservationists Await Agency's Final Proposal

After Wyoming failed to suggest new ways to reduce haze-causing pollution from fossil fuel power plants near national parks, advocacy groups want the federal government to implement stricter emissions controls. Inside Climate News


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