By Vishnu Babu Leaders in Energy is a nonpartisan group providing stewardship in energy and environment. Each year business panels present current work being done...
Archive for tag: Local initiatives
By MELISSA CHRISTENSEN Representatives from six local governments in Northern Virginia attended a workshop on budget-neutral, clean energy alternative financing options for local governments at the...
Leaders in Energy held its 5th Annual Green Jobs Forum on “Growing a Clean Regional Economy” on August 16, 2018 at the Metropolitan Washington Council of Governments. The event featured two moderated panels for guests and exhibitors. The first panel, “What’s Going on in the DMV on Green Jobs?” featured four panelists: Todd Beazer, Dr. Taresa Lawrence, Ashante Abubakar, and Natalie Monkou, and was moderated by Janine Finnell.
In my previous post I introduced the concept of Community Choice Energy (CCE) business model and how cities and local governments in California are gaining momentum in leading the way towards sustainable energy transition at the local level.
There is definitely an interesting situation. Contrary to what the federal government is doing, California is moving forward with an increasing amount of renewable energy added to its portfolio standard, and doubling its energy efficiency goals. According to data collected by Bloomberg, a significant part of the U.S. growth can be tracked to California laws promoting clean energy. Indeed, ‘California clean energy companies reported annual revenue growth of 26 percent and they turned more revenue into profit with an average gross margin of 46 percent’.
In this suitable window, CCE model is gaining momentum by creating a domino effect. With eight operational CCEs, eight emerging CCEs, and more than twenty cities and counties currently exploring this opportunity, the CCE model is booming all around California.