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Your weekly intelligence on Decarbonization Policy and Impacts
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The stories we’ve been covering in NetZero Insider show that small towns can make big news, starting with Carrboro, N.C., which has filed suit against Duke Energy alleging its inaction and deception on climate change has cost the municipality millions, our James Downing reports.


Similarly, dozens of disadvantaged and environmental justice communities across the country have been developing their own climate action plans, helped by the Department of Energy’s Community Local Energy Action Program, John Cropley writes. 


Jon Lamson covered the New England Energy Summit, where Massachusetts Gov. Maura Healey called for cross-state collaboration on procuring clean energy and transmission and said the region would continue to move on its decarbonization efforts, which would not be derailed by the incoming Trump administration. 


Similarly, White House Senior Adviser John Podesta opened the Department of Energy’s Deploy 2024 Conference in D.C. with a call to action to the private sector to continue its support for clean energy, K Kaufmann reports. Podesta challenged clean tech investors to do more and do it faster. 


Moving to our curated content, The Wall Street Journal notes that President-elect Donald Trump’s pledge to repeal the Inflation Reduction Act may run into solid opposition from Republican lawmakers whose districts have benefited from millions of IRA grants and loans and the jobs those federal dollars have created. 


But, The New York Times reports, Trump will have enormous power over large swathes of U.S. energy, climate and environmental policies, such as pulling the U.S. out of the Paris Agreement again, opening public lands to private mining and drilling, and cutting staff at the EPA and moving the agency out of D.C. 


The other big news on the federal beat was the Treasury Department’s long-awaited release of final rules on the Section 48, technology-neutral clean energy investment tax credit. Pv Magazine provides an overview of some of the core changes in the rules from Treasury’s previous proposed rules, such as extending the credit for co-located storage and for hydrogen storage facilities even if they are not currently storing hydrogen. 


As Washington prepares for Trump, increasing attention will be focused on state- and local-level climate and energy policies. For example, an op-ed in the Virginia Mercury looks at the “climate denialism” implicit in the state’s plan for an ever increasing fleet of megawatt-guzzling hyperscale data centers while attempting to reach 100% clean energy by 2050. 


Trellis (formerly GreenBiz) has a thoughtful piece on overcoming the misinformation driving resistance to renewable energy projects in rural communities by focusing on how revenue from these projects can actually help support family farms and communities, while also providing energy reliability to local residents. 


Speaking of rural communities, Osceola, Ark., is getting 105 MW of solar paired with 160 MWh of energy storage to provide power to a new scrap metal recycling steel rebar mill, according to Renewables Now. 


Meanwhile, Maine has become the latest New England state to sue fossil fuel companies ― Exxon, Shell, Chevron, BP and Sunoco ― and the American Petroleum Institute, the industry’s main trade organization, for allegedly deceiving its residents about the role of their fossil fuel products in causing climate change, according to a write-up in pv Magazine. At this point, New Hampshire is the only state in the region that has not filed a similar suit. 


Read on for this week’s Intelligence Report: 


Jump To

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

 
 

Equity & Economics

Environmental Justice

U.S.

Aspiring Applicants Worry EPA Environmental Justice Funding Will Be Rescinded Before It's Awarded

President-elect Donald Trump and his allies plan to cut money in the Inflation Reduction Act allocated for climate efforts. Hundreds of millions of dollars have yet to reach EJ organizations. Inside Climate News


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Finance & Investing

Finance & Investing

International

The launch of a new renewable energy investment bank

Catalina Energy Capital reports it has three significant solar and battery energy storage infrastructure deals complete and is on track to advise on over 4 GW of solar and storage assets by the end of this year. pv magazine


U.S.

Duke pauses consideration of DOE loan program with Trump election, new Congress

Duke Energy Carolinas and Duke Energy Progress have paused their consideration of tapping certain U.S. Department of Energy funding because it may not be available under a Trump administration, according to a filing last week with the North Carolina Utilities Commission. Utility Dive


U.S.

Mitigating price volatility: How flexible assets can strengthen renewable portfolios

As renewable energy's share in the U.S. grows, so does the challenge of managing the price volatility it brings for investors. Utility Dive


U.S.

Pension funds committed to net zero; challenges persist in climate and nature targets

Challenges hindering progress include the lack of high-quality data (59 per cent) and uncertainty regarding future government policies (55 per cent). Pensions Age


U.S.

Ramaswamy takes aim at DOE loan funds

The so-called Department of Government Efficiency "will carefully scrutinize every one of these questionable 11th-hour transactions, starting on Jan 20," said Vivek Ramaswamy. Greenwire


U.S.

Tax transferability: A win for the little guys in solar

The new tax transferability regulation (Section 6418) in the IRA has drastically increased the ease for smaller developers to monetize as well as smaller investors to purchase these tax credits. Solar Power World


U.S.

Treasury releases final rules for clean energy Investment Tax Credit

The U.S. Department of Treasury has released final rules for the Section 48 Energy Credit, commonly known as the Investment Tax Credit (ITC). pv magazine


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Impact & Adaptation

Adaptation

International

A surprise solar boom reveals a fatal flaw in our climate change projections

Solar is surging, but so is humanity's energy appetite. We need better models. Vox


Impact

California

A Warning From a California Marine Heat Wave

An extreme heat wave off California's coast seemed like an anomaly 10 years ago. But as the ocean warms, the catastrophe may be a glimpse of the future. The New York Times


International

Arctic Ocean could see its first ice-free day within 3 years

That's the worst-case scenario. But humanity is likely to pass the grim milestone by midcentury unless much more is done to combat climate change. Climatewire


Litigation

New Hampshire

Fossil fuels companies sued by all New England states, except one

New Hampshire has not joined its neighbors in taking a stand against fossil fuel companies' role in causing climate change. pv magazine


Wildfires

New York

New York isn't ready to fight more wildfires

New York could see more frequent and destructive blazes, but the state doesn't have enough forest rangers and firefighters to respond to the growing threat. Grist


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Policy & Politics

Policy & Politics

Connecticut

Report: CT spends RGGI funds on renewable energy

The report recommended states such as Connecticut consider increasing funding investments in environmental justice. Public News Service


Maryland

Climate advocacy group again spotlights fossil fuel lobbyists in State House

The national climate advocacy group F Minus is at it again, with a new report spotlighting what it sees as the lack of oversight of fossil fuel lobbyists in the Maryland State House. Maryland Matters


Texas

Texas lawmakers tee up bills to hamper renewable energy

Ahead of the state legislative session, Republicans are preparing for new attacks on wind and solar. Energywire


U.S.

As climate focus shifts to states, RGGI partnership offers model for multistate collaboration

After 20 years, the 11-state Regional Greenhouse Gas Initiative "has weathered the political winds" and is conducting a program review that includes finding ways to expand participation. Energy News Network


U.S.

Blue states prepare for battle over Trump's environmental rollbacks

President-elect Donald Trump has pledged to slash federal climate, clean air and clean water regulations during his second term -- an agenda that could target rules governing everything from auto emissions to power plant pollution to drinking water standards. Michigan Advance


U.S.

How to engage rural Americans in the clean energy transition

Developers and officials need to counter the abundance of misinformation about wind and solar farms on social media, in national media outlets and from local leaders. Trellis


U.S.

Inflation Reduction Act changes 'not a Day 1 priority' for Trump, Congress: Crux

The incoming Trump administration and Republican-controlled Congress are unlikely to fully repeal the Inflation Reduction Act, but some changes to the landmark 2022 climate and infrastructure law are likely to be enacted in 2025 and phased in over the following years, digital tax credit marketplace Crux said in a post-election report published this month. Facilities Dive


U.S.

Republicans mull fate of DOE loan program

Some GOP lawmakers want to make sure Department of Energy financing supports all energy sources. Others want to kill the loan office altogether. Energywire


U.S.

Trump Vowed to Kill Biden's Climate Law. Republicans Say Not So Fast.

Billions of dollars and tens of thousands of jobs are at stake in red states. The Wall Street Journal


U.S.

Trump Will Have Enormous Power Over Climate Action. Here's Why.

Presidents have extraordinary control over climate policy, in part, because it's been decades since Congress has passed a comprehensive environmental bill. The New York Times


U.S.

What climate law tax credits will be in -- and out -- under Trump 2.0

Clean industry analysts and tax experts lay out which clean power and manufacturing tax credits might be cut next year under the Republican trifecta. Canary Media


Virginia

OPINION: Data centers and Virginia's special kind of denialism

In the interest of protecting our climate, it is time for a moratorium on the approval of new data centers in our state, writes Eric Bonds, a professor of sociology at the University of Mary Washington. Virginia Mercury


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