Author: Admin

Note: The Green Premium (the cost of something done with clean energy divided by the cost of doing the same thing using fossil-fuel-based energy) for EV’s has finally gone negative.  Not only are EVs cheaper than gasoline-powered cars on a “total cost of ownership” basis, but now the upfront capital cost is less, too.

At least three manufacturers — Tesla, Hyundai-Kia and General Motors — now offer EVs with more than 300 miles (480 kilometers) of range for less than the cost of the average new vehicle sold in the US, according to an analysis by Bloomberg Green.

Affordable electricity is a major issue in households across the country. According to a report by the US Energy Information Administration, roughly 27% of US households report struggling to pay their energy bills.

At the same time, utility companies are making significant investments to lower their carbon emissions. Join Resources for the Future (RFF) on June 26 for the next event in our series on environmental justice.

Editor’s Note: “About the Money” is a new feature for CCLNV.org.  It reports on new technologies (which are “early” and still expensive) and the public policies intended to help them cross the “Valley of [Financing] Death” to a point where innovations, “learning curves” and economies of scale can make them cost-competitive with fossil-fuel-based alternatives.

Here are some stories from RTO Insider, an industry newsletter serving utilities, regulators, transmission planners and others.

 Note:  We often hear that “the clean energy transition needs to happen at an unprecedented speed and scale.”  Well, how much will is cost?   BloombergNEF has done the calculations and found that the need is $34 trillion by 2050.   BNEF reported that global investment in the low-carbon energy transition surged 17% in 2023 to $1.8 trillion, but it concludes that the pace of this spending needs to accelerate.