Reimagining Utility Climate Risk Planning

Today’s grid infrastructure is underprepared for the changing trends in weather- and climate-related disasters. Between 2000-2023, extreme weather accounted for most major power outages in nearly every state. Likewise, utilities are not aligned with a transition to a net zero-carbon economy. Together, such physical climate risks (i.e., risks related to the physical impacts of climate change) and transition climate risks (i.e., risks related to the transition to a zero-carbon economy) threaten the affordability and reliability of clean electricity – the keystone of this future economy.

This insight brief explains how to integrate emerging climate risk assessment frameworks with utility planning …

Mind the Regulatory Gap: How to Enhance Local Transmission Oversight

Amid the combined challenges of load growth and a changing generation mix, the US transmission grid is in urgent need of expansion and upgrading.

However, while spending by US utilities on transmission has quadrupled over the past two decades, spending has moved in the opposite direction of what we need — from high-voltage regional lines to lower-voltage local projects. This is an inefficient way to expand the grid. In addition, the lack of robust review of local projects means they may be costlier and have greater land use and environmental impacts than larger, well-planned regional projects.

In this report, RMI …

Planning for Net Zero: Best Practices for Indian Banks and NBFCs

Indian banks and Non-Banking Financial Companies (NBFCs) can help bridge the climate finance gap and ensure financial stability in a changing environment. Regulators have implemented several initiatives to both support and nudge the sector to take action. Though banks are beginning to do so, the sector is still early in its efforts and faces structural bottlenecks. Banks and NBFCs can leverage integrated transition planning approaches to address barriers and meet evolving regulatory and stakeholder expectations. This report highlights 10 lessons from global banks’ experience with transition planning and their potential application for Indian banks and NBFCs.…

Energizing Public Transit for Islands

On track to completely electrify its public bus fleet by 2030, the Government of Bermuda has successfully deployed 70 electric transit buses in its fleet as of 2024, leading to nearly 100 percent electric daily operations. This has provided substantial economic and environmental benefits to the island nation while enabling the Bermuda Department of Public Transportation (DPT) to replace a significant portion of its aging diesel bus fleet and provide high-quality public transit service.

Bermuda’s e-bus deployment has spurred the Government of Bermuda to drive transportation decarbonization efforts such as electrifying government fleet vehicles, developing national electrification policy initiatives, and …

Driving Decarbonization: Trends in Corporate Emissions Management

The corporate emissions management landscape is constantly changing – priorities shift as new regulations are passed and as investors and customers put increasing pressure on sustainability teams to report and decrease their carbon footprint.

So, how are corporations prioritizing their sustainability work, given these market pressures?

Optera worked with a third-party research firm to survey 90 sustainability leaders at large companies about what trends are impacting their climate program, how they are overcoming common challenges, and how they are prioritizing initiatives moving into 2025.…

Confronting Heat Challenges—Cross-Sector Strategies for National Resilience: A Report from the 2024 HeatWise Policy Partnership Summit

The HeatWise Policy Partnership Summit is a key component of a cyclical two-year program that encompasses stakeholder engagement, event planning, biannual convening, reporting key findings, and outreach to policymakers. During the 2023 engagement phase, Ashley Ward, director of the Heat Policy Innovation Hub at the Nicholas Institute, held regular meetings with legislators and agency leaders at the federal, state, and local levels, as well as with leaders from the philanthropic, finance, and insurance sectors, and community and faith-based organizations. These discussions informed the three core themes for the inaugural HeatWise Summit:

– Rural Heat Vulnerability: Developing tailored strategies for rural …

Best Practices in Integrated Resource Planning: A Guide for Planners Developing the Electricity Resource Mix of the Future

Most states today require regulated electric utilities to file an IRP every 1 to 5 years, and some utilities voluntarily prepare these plans. Planning needs have changed in recent years due to emerging load growth, plant retirements, rising costs, and more extreme weather events – among other factors. In response, Synapse Energy Economics and Lawrence Berkeley National Laboratory produced a joint report, Best Practices in Integrated Resource Planning: A guide for planners developing the electricity resource mix of the future. The guide offers best planning practices for electricity systems undergoing a major transition, but also contains a wealth of practical …

Planning for Growing Electricity Demand During an Era of Uncertain Renewables and Climate Policy

Electricity demand growth has accelerated significantly, a trend that is expected to continue for at least the next 5 to 10 years and is driven by new technologies such as data centers and the expansion of the manufacturing and industrial base in the United States. This demand growth is anticipated at a time when connecting new generating resources to the grid, particularly renewables, and expanding transmission has never been more difficult. New emissions rules for existing coal and new gas units (the EPA Final Greenhouse Gas [GHG] Rule) will also create additional pressure toward clean generation on the system.

This …

Offshore Wind Roadmap for Turkiye

The World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has published a new roadmap which outlines the way forward to establish a successful offshore wind industry in Türkiye.

The Offshore Wind Roadmap for Türkiye provides strategic analysis of the opportunities and challenges to deliver viable offshore wind projects, based on local insight and global experience.

The Government of Türkiye has set a target of 5 GW of installed capacity for offshore wind power by 2035. The roadmap provides a comprehensive set of recommendations to help realize these ambitions to build a new …

Opportunities for Demonstrating Industrial Heat Pumps in the United States: Prototype Examples in the Food and Beverage Sectors

Manufacturing companies are under tremendous global pressure to remain competitive. Supply chains are constantly changing due to economic, political, and resource supply issues. Climate change has emerged as a critical risk to industry. Accordingly, proactive companies are incorporating Climate Change impacts such as weather, energy prices, drought, etc. into their strategic planning processes. Energy intensive industries, such as petroleum refining, chemicals, paper, cement, primary metals, and food and beverage manufacturing are especially concerned about the impact of climate change on their businesses and markets. Likewise, individual manufacturing facilities are receiving corporate carbon reduction goals and mandates from corporate leadership teams …