Title: Renewable Energies: Policies, Projects and Challenges for Regions Commission on Sustainable Development NRG4SD Side Event
1Renewable Energies Policies, Projects and
Challenges for RegionsCommission on Sustainable
DevelopmentNRG4SD Side Event
- States in the Lead
- Clean Energy Investment Deployment at the State
Level in the U.S. - United Nations, New York City
- May 5, 2006
- Allison Schumacher, Project Director
- Clean Energy Group
2Historic Transition in Clean Energy Led by States
- 1997 - 2006 State Level Revolution on Energy
- Renewable Portfolio Standards (RPS)
- Energy Efficiency Funding
- State Funds
- Climate Negotiations
- Democratized Decision-Making
- State Economic Development Policy
- National Stalemate
- Energy Independence
28 DC
16 State Funds DC, 20 RPS DC Fuel Cells and
Hydrogen, and Carbon Trading
3Historical Role of States
- Areas of competence
- federal (redistributive)
- vs. state (developmental)
- Erie Canal to stem cells
- States historical locus for
- technology innovation
- Clean energy resurgence consistent with American
historical trends
4States As Preferred Locus
- Clean energy is development
- Immature markets
- Bottom-up learning
- New business models
- Private investor leverage
- Market makers
- Not merely federal models
It is one of the happy incidents of the federal
system that a single courageous State may, if its
citizens choose, serve as a laboratory and try
novel social and economic experiments with risk
to the rest of the country. -Justice
Louis Dembitz Brandeis
5Clean Energy States Alliance (CESA)
-
- CESA 14 states (18 funds) cooperating on joint
projects - Nearly 4 billion to invest in next 10 years
- Nonpartisan, experimental, collaborative network
- Information exchange analysis
- Partnership development
- Joint projects PV, Wind, Fuel Cells, Security,
others - CESA expanding to include new states and those
that want to develop new public funds (Alaska,
New Mexico, Vermont)
6Clean Energy States Alliance
7Individual State Fund Investing Activities
RD
Seed
Start-up
Venture Rounds
Mezzanine
LT Debt
Public
Company Investments
Project Loans
PPA Support
RD Grants
Support Grants
Venture Investing
Demo Support
Production Incentives
Rebates Grants
Aggregation
Consumer Loans
Market Support
Consumer Education
REC Support
Standards
Training
8State Fund Strategic Models
- Project Development Model
- Incentives grants to directly subsidize project
installation (California, New Jersey) - Investment Model
- Loans equity investment in companies projects
(Connecticut) - Industry Development Model
- Business development grants, marketing support,
technical assistance education to build
industry infrastructure (Wisconsin) - Research Development Model
- California New York, in part Minnesota
- Combination of Approaches (Massachusetts)
9Case Studies on Innovative Clean Energy Finance
- CESA-LBL case studies www.cleanenergystates.org
- New UNEP/BASE/CEG report
- Public Finance Mechanisms to Catalyze Sustainable
Energy Sector Growth (2005)
10International Finance and Technology Collaboration
- International sub-national network
- International collaboration on
- Climate stabilization and technology agreements
- Transatlantic Investment Initiative
- Pensions and institutional investment
- Exchange on innovative public financing
11Contact Information
- Allison Schumacher
- Clean Energy Group
- www.cleanegroup.org
- Allison_at_cleanegroup.org
- (802) 223-2554