SlideShare a Scribd company logo
1 of 29
Funding the future of the green economy
Russ Choma rchoma@investigativereportingworkshop.org 202.885.3633 @russchoma
http://investigativereportingworkshop.org Founded in Spring 2008 by Charles Lewis and Wendell Cochran Bartlett & Steele: “America What Went Wrong” Broadband Frontline: “Flying Cheap” iLab
http://investigativereportingworkshop.org/investigations/wind-energy-funds-going-overseas/ Stimulus money going overseas Projects built before stimulus Lobbyists/financiers/Chinese manufacturers
Green Energy: Where are we at? We’re not #1.  Much more serious than ever before.  All about the government – very, very dependent industry. Policy and incentives.
Green Energy: Where are we at? Not as bleak as you might imagine. Surprisingly bi-partisan. Big Business. Lobbying – they aren’t defenseless anymore. On the federal level, the biggest news is: Continued stimulus money Renewable Energy Standard 28 states, including California already have some form.
Frame #1: Greenwashing “unjustified appropriation of environmental virtue” You have to parse the truth from the hype Just as true in the energy world, particularly anything involving politics, as in the grocery store.
What is a green job? ,[object Object]
Monica Potts, at American Prospect wrote a really fantastic piece about this a few months ago, and she points out the trouble of “green purpose” versus “green execution”: http://www.prospect.org/cs/articles?article=why_call_them_green
Metro driver?
Diesel truck driver?
Diesel truck driver hauling a wind turbine?
Diesel truck driver hauling a wind turbine today, but turbine for coal plant tomorrow? ,[object Object]
Why?  Hope Swallowed By Hype The inherent bias is that we all really want to believe in this… http://www.youtube.com/watch?v=Q6XF-gc-4VE Sheer size/technical aspects Dealing with the federal bureaucracy can be intimidating or overwhelming. Inclination to accept official or authoritative sounding word. Editors don’t want to deal with it Inaccurate Data
Green Energy Story In General Casual use of “green” – there are many who count nuclear as green energy because it has a low carbon footprint… is it? Near automatic acceptance of a narrative of a “green” economic revolution and the miracles it can bring. Not to say it isn’t possible, but we are very far behind and on a very slow pace. Over-promising: “To tell someone who has been making auto transmissions that they can make a gearbox for a wind turbine … is foolish. (The idea that) every automotive stamper can enter the industry – it just isn’t going to happen… it's not for everybody.” – John Colm, president GLWN
Confusion = good for reporters On the one hand, it means you really need to consider every statement about “green” with a critical eye. On the other hand, there are some very good stories that need to be explored… Even if Judy Cleaves isn’t representative of a sustainable positive economic trend, it doesn’t mean it isn’t an intriguing story – it just needs to be investigated.
Frame #2: Green Jobs & Polar Bears What is it we’re trying to accomplish? Environmental concerns? Economic concerns? Don’t always go well together Politically convenient, but it’s an alliance that is beginning to fray
Jerry Brown “Clean Energy Jobs Plan” “As we face the devastation to our job market caused by the mortgage meltdown and the Wall Street debacle, we need to find a way to get California working again. Investing in clean energy and increasing efficiency are central elements of rebuilding our economy. It will create hundreds of thousands of jobs, build the businesses of the 21st century, increase energy independence, and protect public health.”
Federal Incentives Stimulus dollars still flowing Section 1603 grants 30 percent of the cost of building After-the-fact, but no strings attached, very quick direct-deposit of cash $5.9 billion ($171 million in the month of January) 1,878 projects 259 projects/$325.8 million in California alone All 1603 grants: http://bit.ly/All1603 California 1603 grants: http://bit.ly/California1603
ORNI 18 LLC Geothermal plant in Brawley, Calif. (Imperial Valley) $108 million grant in August 2010  At least a $360 million project Largest geothermal project Built by a Bakersfield, Calif. Company for Ormat: http://www.pclindustrialservices.com/projects/Archived/6210069/index.aspx 50 megawatt capacity, operating far below
Section 1603 Fantastic resource for finding stories Bloom Box Trends Big Box Stores: http://bit.ly/bigboxstores Many more trends: http://www.slideshare.net/BizJournalism/russ-choma-stimulus-covering-the-green-economy
48c Tax Credits (in brief) Actual tax credit, announced in January Competitive selection $2.3 billion, at least 38 states, 185 projects Matched by up to $5.4 billion http://bit.ly/48cTaxCreditList Many got some coverage, but not always good.
Other Stimulus To Follow	 DOE’s list of incentive programs: http://www.energy.gov/recovery/renewablefunding.htm Spreadsheet of all: http://bit.ly/AllEnergyStimulus Clean coal? Research? Energy Efficiency Block Grant Program At least a dozen Native American groups
Local Incentives Many of these projects hinge on getting more help – beyond the stimulus. Database of State Incentives for Renewables & Efficiency: http://www.dsireusa.org/ Pennsylvania model: State focused on supply chain. Feb. 19, 2010, state gave out $22.8 million in federal stimulus dollars to three wind farms … if they bought Gamesa turbines. What’s your state/city doing – is it competitive? Balance benefits to company with benefits to residents? Are there guarantees? Local incentives Attracting business Using government buying power
Renewable Portfolio Standard http://www.cpuc.ca.gov/PUC/energy/Renewables/index.htm 20 percent by 2010, and (theoretically) 33 percent by 2020 Mandates a market, huge driver Great source of information: Lots of documentation Status of RPP projects: http://bit.ly/RPS-Status In-state vs. out-of-state
Green Small Businesses Local incentives attract local businesses Wind and geothermal are big, solar is small Small is growing 76 percent of Section 1603 has gone to solar 83 percent of the projects in California are less than $1 million (total project cost $3 million)

More Related Content

What's hot

Michael STAVY was quoted on grid stability in the April 24, 2013 New York Times
Michael STAVY was quoted on grid stability in the April 24, 2013 New York TimesMichael STAVY was quoted on grid stability in the April 24, 2013 New York Times
Michael STAVY was quoted on grid stability in the April 24, 2013 New York TimesMichael Stavy, Consulting Energy Economist
 
Corporate Greening 2.0
Corporate Greening 2.0Corporate Greening 2.0
Corporate Greening 2.0Bruce Harrison
 
testing with D and E
testing with D and Etesting with D and E
testing with D and ENick Hencher
 
How to turn the usa into the world's biggest pv market
How to turn the usa into the world's biggest pv marketHow to turn the usa into the world's biggest pv market
How to turn the usa into the world's biggest pv marketJigar Shah
 
Subsidies presentation_williams
Subsidies presentation_williamsSubsidies presentation_williams
Subsidies presentation_williamsHeamon Williams
 
Futures Scenario Project
Futures Scenario ProjectFutures Scenario Project
Futures Scenario Projectknhayes1988
 
public serviceenterprise group Investor /07/08
public serviceenterprise group Investor /07/08public serviceenterprise group Investor /07/08
public serviceenterprise group Investor /07/08finance20
 
How the US makes electricity…and wastes energy
How the US makes electricity…and wastes energy How the US makes electricity…and wastes energy
How the US makes electricity…and wastes energy recycledenergy
 
#CDP Climate Action and Profitability
#CDP Climate Action and Profitability#CDP Climate Action and Profitability
#CDP Climate Action and ProfitabilityAgustin del Castillo
 
Sustainability transmission
Sustainability transmissionSustainability transmission
Sustainability transmissionSterlite Power
 
SolarCity Plans Book
SolarCity Plans BookSolarCity Plans Book
SolarCity Plans BookLauren Cox
 
Sustainability transmission
Sustainability transmissionSustainability transmission
Sustainability transmissionSterlite Power
 

What's hot (14)

Michael STAVY was quoted on grid stability in the April 24, 2013 New York Times
Michael STAVY was quoted on grid stability in the April 24, 2013 New York TimesMichael STAVY was quoted on grid stability in the April 24, 2013 New York Times
Michael STAVY was quoted on grid stability in the April 24, 2013 New York Times
 
Energy Interim Committee 9/29/2011
Energy Interim Committee 9/29/2011Energy Interim Committee 9/29/2011
Energy Interim Committee 9/29/2011
 
Corporate Greening 2.0
Corporate Greening 2.0Corporate Greening 2.0
Corporate Greening 2.0
 
testing with D and E
testing with D and Etesting with D and E
testing with D and E
 
How to turn the usa into the world's biggest pv market
How to turn the usa into the world's biggest pv marketHow to turn the usa into the world's biggest pv market
How to turn the usa into the world's biggest pv market
 
Subsidies presentation_williams
Subsidies presentation_williamsSubsidies presentation_williams
Subsidies presentation_williams
 
Futures Scenario Project
Futures Scenario ProjectFutures Scenario Project
Futures Scenario Project
 
public serviceenterprise group Investor /07/08
public serviceenterprise group Investor /07/08public serviceenterprise group Investor /07/08
public serviceenterprise group Investor /07/08
 
How the US makes electricity…and wastes energy
How the US makes electricity…and wastes energy How the US makes electricity…and wastes energy
How the US makes electricity…and wastes energy
 
#CDP Climate Action and Profitability
#CDP Climate Action and Profitability#CDP Climate Action and Profitability
#CDP Climate Action and Profitability
 
Sustainability transmission
Sustainability transmissionSustainability transmission
Sustainability transmission
 
SolarCity Plans Book
SolarCity Plans BookSolarCity Plans Book
SolarCity Plans Book
 
Sustainability transmission
Sustainability transmissionSustainability transmission
Sustainability transmission
 
Sustainability
SustainabilitySustainability
Sustainability
 

Viewers also liked (20)

111
111111
111
 
Green(Er) Computing
Green(Er) ComputingGreen(Er) Computing
Green(Er) Computing
 
Green computing
Green computingGreen computing
Green computing
 
MRI Energy-Efficient Cloud Computing
MRI Energy-Efficient Cloud ComputingMRI Energy-Efficient Cloud Computing
MRI Energy-Efficient Cloud Computing
 
Green computing
Green computingGreen computing
Green computing
 
Green computing
Green computingGreen computing
Green computing
 
Green funding
Green fundingGreen funding
Green funding
 
Green computing
Green computingGreen computing
Green computing
 
E-Waste And Green Computing
E-Waste And  Green ComputingE-Waste And  Green Computing
E-Waste And Green Computing
 
Budget impact 2017-18
Budget impact 2017-18Budget impact 2017-18
Budget impact 2017-18
 
Union Budget 2017-18
Union Budget 2017-18Union Budget 2017-18
Union Budget 2017-18
 
Union Budget
Union BudgetUnion Budget
Union Budget
 
Green computing
Green computingGreen computing
Green computing
 
Green computing
Green computingGreen computing
Green computing
 
Union Budget 2017-18
Union Budget 2017-18Union Budget 2017-18
Union Budget 2017-18
 
Green computing ppt
Green computing  pptGreen computing  ppt
Green computing ppt
 
Green Computing
Green ComputingGreen Computing
Green Computing
 
Green computing
Green computingGreen computing
Green computing
 
Propalms Centralized Computing Solution Document
Propalms Centralized Computing   Solution DocumentPropalms Centralized Computing   Solution Document
Propalms Centralized Computing Solution Document
 
India union budget 2017 2018
India union budget 2017 2018 India union budget 2017 2018
India union budget 2017 2018
 

Similar to Funding the Future of the Green Economy

5 Emerging US Public Finance Models 2009
5 Emerging US Public Finance Models 20095 Emerging US Public Finance Models 2009
5 Emerging US Public Finance Models 2009Glenn Klith Andersen
 
Jakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on Chirpstory
Jakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on ChirpstoryJakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on Chirpstory
Jakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on Chirpstoryqueensmithson
 
The US–China high-tech competition is modernizing American industries: an int...
The US–China high-tech competition is modernizing American industries: an int...The US–China high-tech competition is modernizing American industries: an int...
The US–China high-tech competition is modernizing American industries: an int...Keith Krach
 
REM 356 Renewable Energy Guest Lecture
REM 356 Renewable Energy Guest LectureREM 356 Renewable Energy Guest Lecture
REM 356 Renewable Energy Guest LectureMatthew Klippenstein
 
Chamber Jobs020110
Chamber Jobs020110Chamber Jobs020110
Chamber Jobs020110nashvegas221
 
Strategy for New American Jobs
Strategy for New American JobsStrategy for New American Jobs
Strategy for New American Jobsnashvegas221
 
Growth Opportunities For International Companies In 2010
Growth Opportunities For International Companies In 2010Growth Opportunities For International Companies In 2010
Growth Opportunities For International Companies In 2010Eliot Norman
 
US Chamber Report: What If...Energy Production was Banned on Federal Lands an...
US Chamber Report: What If...Energy Production was Banned on Federal Lands an...US Chamber Report: What If...Energy Production was Banned on Federal Lands an...
US Chamber Report: What If...Energy Production was Banned on Federal Lands an...Marcellus Drilling News
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investingmitecenter
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investingmitecenter
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investingmitecenter
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investingmitecenter
 
ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...
ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...
ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...Eliot Norman
 
M&A Arra Gov Contracts Feb 24 Final Slides
M&A Arra Gov Contracts Feb 24 Final SlidesM&A Arra Gov Contracts Feb 24 Final Slides
M&A Arra Gov Contracts Feb 24 Final SlidesEliot Norman
 
Making Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 al
Making Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 alMaking Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 al
Making Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 alDavid Boghossian
 
Energy risk (autosaved)
Energy risk (autosaved)Energy risk (autosaved)
Energy risk (autosaved)Lindsey Hughey
 
Sustainability: changing the debate in emerging markets (IBR 2014)
Sustainability: changing the debate in emerging markets (IBR 2014)Sustainability: changing the debate in emerging markets (IBR 2014)
Sustainability: changing the debate in emerging markets (IBR 2014)Grant Thornton International Ltd
 

Similar to Funding the Future of the Green Economy (20)

5 Emerging US Public Finance Models 2009
5 Emerging US Public Finance Models 20095 Emerging US Public Finance Models 2009
5 Emerging US Public Finance Models 2009
 
CEI Email 12.11.04
CEI Email 12.11.04CEI Email 12.11.04
CEI Email 12.11.04
 
Jakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on Chirpstory
Jakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on ChirpstoryJakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on Chirpstory
Jakarta Crown Eco Management: Wind Power Creates Jobs, Saves Money on Chirpstory
 
The US–China high-tech competition is modernizing American industries: an int...
The US–China high-tech competition is modernizing American industries: an int...The US–China high-tech competition is modernizing American industries: an int...
The US–China high-tech competition is modernizing American industries: an int...
 
REM 356 Renewable Energy Guest Lecture
REM 356 Renewable Energy Guest LectureREM 356 Renewable Energy Guest Lecture
REM 356 Renewable Energy Guest Lecture
 
Chamber Jobs020110
Chamber Jobs020110Chamber Jobs020110
Chamber Jobs020110
 
Strategy for New American Jobs
Strategy for New American JobsStrategy for New American Jobs
Strategy for New American Jobs
 
Growth Opportunities For International Companies In 2010
Growth Opportunities For International Companies In 2010Growth Opportunities For International Companies In 2010
Growth Opportunities For International Companies In 2010
 
US Chamber Report: What If...Energy Production was Banned on Federal Lands an...
US Chamber Report: What If...Energy Production was Banned on Federal Lands an...US Chamber Report: What If...Energy Production was Banned on Federal Lands an...
US Chamber Report: What If...Energy Production was Banned on Federal Lands an...
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investing
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investing
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investing
 
Whats wrong with energy investing
Whats wrong with energy investingWhats wrong with energy investing
Whats wrong with energy investing
 
Eizenstat - Keynote Address
Eizenstat - Keynote AddressEizenstat - Keynote Address
Eizenstat - Keynote Address
 
ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...
ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...
ARRA, Government Contracts, M&A: Growth opportunities for Foreign Compani...
 
M&A Arra Gov Contracts Feb 24 Final Slides
M&A Arra Gov Contracts Feb 24 Final SlidesM&A Arra Gov Contracts Feb 24 Final Slides
M&A Arra Gov Contracts Feb 24 Final Slides
 
Where is Our Government? Part II
Where is Our Government? Part IIWhere is Our Government? Part II
Where is Our Government? Part II
 
Making Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 al
Making Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 alMaking Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 al
Making Impact Boring Workshop Conservation Finance David Boghossian 2016 v2 al
 
Energy risk (autosaved)
Energy risk (autosaved)Energy risk (autosaved)
Energy risk (autosaved)
 
Sustainability: changing the debate in emerging markets (IBR 2014)
Sustainability: changing the debate in emerging markets (IBR 2014)Sustainability: changing the debate in emerging markets (IBR 2014)
Sustainability: changing the debate in emerging markets (IBR 2014)
 

More from Reynolds Center for Business Journalism

“Using Census Data in Your Stories” by Brandon Quester and Evan Wyloge
“Using Census Data in Your Stories” by Brandon Quester and Evan Wyloge“Using Census Data in Your Stories” by Brandon Quester and Evan Wyloge
“Using Census Data in Your Stories” by Brandon Quester and Evan WylogeReynolds Center for Business Journalism
 
“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...
“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...
“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...Reynolds Center for Business Journalism
 
“Developing an Effective Business Journalism Syllabus - Building the Syllabus...
“Developing an Effective Business Journalism Syllabus - Building the Syllabus...“Developing an Effective Business Journalism Syllabus - Building the Syllabus...
“Developing an Effective Business Journalism Syllabus - Building the Syllabus...Reynolds Center for Business Journalism
 
“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...
“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...
“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...Reynolds Center for Business Journalism
 
“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...
“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...
“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...Reynolds Center for Business Journalism
 
“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...
“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...
“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...Reynolds Center for Business Journalism
 
“The Numbers in Sports - Investigating Sports Non-Profits" by Craig Harris
“The Numbers in Sports - Investigating Sports Non-Profits" by Craig Harris“The Numbers in Sports - Investigating Sports Non-Profits" by Craig Harris
“The Numbers in Sports - Investigating Sports Non-Profits" by Craig HarrisReynolds Center for Business Journalism
 

More from Reynolds Center for Business Journalism (20)

Ire 2016 reynolds talk steve doig
Ire 2016 reynolds talk steve doigIre 2016 reynolds talk steve doig
Ire 2016 reynolds talk steve doig
 
“10 Databases You Can Use Today” by Steve Doig and Evan Wyloge
“10 Databases You Can Use Today” by Steve Doig and Evan Wyloge“10 Databases You Can Use Today” by Steve Doig and Evan Wyloge
“10 Databases You Can Use Today” by Steve Doig and Evan Wyloge
 
“The Numbers in Sports” by Dash Davidson
“The Numbers in Sports” by Dash Davidson“The Numbers in Sports” by Dash Davidson
“The Numbers in Sports” by Dash Davidson
 
“The Numbers in Sports” by Brett Kurland
“The Numbers in Sports” by Brett Kurland“The Numbers in Sports” by Brett Kurland
“The Numbers in Sports” by Brett Kurland
 
“Using Census Data in Your Stories” by Brandon Quester and Evan Wyloge
“Using Census Data in Your Stories” by Brandon Quester and Evan Wyloge“Using Census Data in Your Stories” by Brandon Quester and Evan Wyloge
“Using Census Data in Your Stories” by Brandon Quester and Evan Wyloge
 
“The Business of Pot” by Ricardo Baca and Kevin Dale
“The Business of Pot” by Ricardo Baca and Kevin Dale“The Business of Pot” by Ricardo Baca and Kevin Dale
“The Business of Pot” by Ricardo Baca and Kevin Dale
 
“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...
“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...
“Developing an Effective Business Journalism Syllabus - Leverage! Using Exist...
 
“Developing an Effective Business Journalism Syllabus - Building the Syllabus...
“Developing an Effective Business Journalism Syllabus - Building the Syllabus...“Developing an Effective Business Journalism Syllabus - Building the Syllabus...
“Developing an Effective Business Journalism Syllabus - Building the Syllabus...
 
“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...
“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...
“Marketing Your Work and Engaging Your Audience - Marketing Your Work” by Eli...
 
“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...
“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...
“Marketing Your Work and Engaging Your Audience - Engaging Audiences to Promo...
 
“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...
“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...
“Marketing Your Work and Engaging Your Audience - Social Media Strategy and A...
 
“Teaching Business Journalism - Finding Your Audience" by Randy Smith
“Teaching Business Journalism - Finding Your Audience" by Randy Smith“Teaching Business Journalism - Finding Your Audience" by Randy Smith
“Teaching Business Journalism - Finding Your Audience" by Randy Smith
 
“Teaching Business Journalism - Organizing Your Course" by Pam Luecke
“Teaching Business Journalism - Organizing Your Course" by Pam Luecke“Teaching Business Journalism - Organizing Your Course" by Pam Luecke
“Teaching Business Journalism - Organizing Your Course" by Pam Luecke
 
“The Numbers in Sports - Investigating Sports Non-Profits" by Craig Harris
“The Numbers in Sports - Investigating Sports Non-Profits" by Craig Harris“The Numbers in Sports - Investigating Sports Non-Profits" by Craig Harris
“The Numbers in Sports - Investigating Sports Non-Profits" by Craig Harris
 
“Covering Campaign Finance” by Leslie Wayne
“Covering Campaign Finance” by Leslie Wayne“Covering Campaign Finance” by Leslie Wayne
“Covering Campaign Finance” by Leslie Wayne
 
“The Economics of Immigration” by Fernanda Santos
“The Economics of Immigration” by Fernanda Santos“The Economics of Immigration” by Fernanda Santos
“The Economics of Immigration” by Fernanda Santos
 
“Where to Find Economic Data”
“Where to Find Economic Data”“Where to Find Economic Data”
“Where to Find Economic Data”
 
“Building Winning Business Investigations” by Glenn Hall
“Building Winning Business Investigations” by Glenn Hall“Building Winning Business Investigations” by Glenn Hall
“Building Winning Business Investigations” by Glenn Hall
 
Ag Media Summit - 30 Agriculture Stories
Ag Media Summit - 30 Agriculture StoriesAg Media Summit - 30 Agriculture Stories
Ag Media Summit - 30 Agriculture Stories
 
Data Journalism 101 - Part 3 by Michael J. Berens
Data Journalism 101 - Part 3 by Michael J. BerensData Journalism 101 - Part 3 by Michael J. Berens
Data Journalism 101 - Part 3 by Michael J. Berens
 

Funding the Future of the Green Economy

  • 1. Funding the future of the green economy
  • 3. http://investigativereportingworkshop.org Founded in Spring 2008 by Charles Lewis and Wendell Cochran Bartlett & Steele: “America What Went Wrong” Broadband Frontline: “Flying Cheap” iLab
  • 4. http://investigativereportingworkshop.org/investigations/wind-energy-funds-going-overseas/ Stimulus money going overseas Projects built before stimulus Lobbyists/financiers/Chinese manufacturers
  • 5. Green Energy: Where are we at? We’re not #1. Much more serious than ever before. All about the government – very, very dependent industry. Policy and incentives.
  • 6.
  • 7. Green Energy: Where are we at? Not as bleak as you might imagine. Surprisingly bi-partisan. Big Business. Lobbying – they aren’t defenseless anymore. On the federal level, the biggest news is: Continued stimulus money Renewable Energy Standard 28 states, including California already have some form.
  • 8. Frame #1: Greenwashing “unjustified appropriation of environmental virtue” You have to parse the truth from the hype Just as true in the energy world, particularly anything involving politics, as in the grocery store.
  • 9.
  • 10. Monica Potts, at American Prospect wrote a really fantastic piece about this a few months ago, and she points out the trouble of “green purpose” versus “green execution”: http://www.prospect.org/cs/articles?article=why_call_them_green
  • 13. Diesel truck driver hauling a wind turbine?
  • 14.
  • 15.
  • 16.
  • 17. Why? Hope Swallowed By Hype The inherent bias is that we all really want to believe in this… http://www.youtube.com/watch?v=Q6XF-gc-4VE Sheer size/technical aspects Dealing with the federal bureaucracy can be intimidating or overwhelming. Inclination to accept official or authoritative sounding word. Editors don’t want to deal with it Inaccurate Data
  • 18. Green Energy Story In General Casual use of “green” – there are many who count nuclear as green energy because it has a low carbon footprint… is it? Near automatic acceptance of a narrative of a “green” economic revolution and the miracles it can bring. Not to say it isn’t possible, but we are very far behind and on a very slow pace. Over-promising: “To tell someone who has been making auto transmissions that they can make a gearbox for a wind turbine … is foolish. (The idea that) every automotive stamper can enter the industry – it just isn’t going to happen… it's not for everybody.” – John Colm, president GLWN
  • 19. Confusion = good for reporters On the one hand, it means you really need to consider every statement about “green” with a critical eye. On the other hand, there are some very good stories that need to be explored… Even if Judy Cleaves isn’t representative of a sustainable positive economic trend, it doesn’t mean it isn’t an intriguing story – it just needs to be investigated.
  • 20. Frame #2: Green Jobs & Polar Bears What is it we’re trying to accomplish? Environmental concerns? Economic concerns? Don’t always go well together Politically convenient, but it’s an alliance that is beginning to fray
  • 21. Jerry Brown “Clean Energy Jobs Plan” “As we face the devastation to our job market caused by the mortgage meltdown and the Wall Street debacle, we need to find a way to get California working again. Investing in clean energy and increasing efficiency are central elements of rebuilding our economy. It will create hundreds of thousands of jobs, build the businesses of the 21st century, increase energy independence, and protect public health.”
  • 22. Federal Incentives Stimulus dollars still flowing Section 1603 grants 30 percent of the cost of building After-the-fact, but no strings attached, very quick direct-deposit of cash $5.9 billion ($171 million in the month of January) 1,878 projects 259 projects/$325.8 million in California alone All 1603 grants: http://bit.ly/All1603 California 1603 grants: http://bit.ly/California1603
  • 23. ORNI 18 LLC Geothermal plant in Brawley, Calif. (Imperial Valley) $108 million grant in August 2010 At least a $360 million project Largest geothermal project Built by a Bakersfield, Calif. Company for Ormat: http://www.pclindustrialservices.com/projects/Archived/6210069/index.aspx 50 megawatt capacity, operating far below
  • 24. Section 1603 Fantastic resource for finding stories Bloom Box Trends Big Box Stores: http://bit.ly/bigboxstores Many more trends: http://www.slideshare.net/BizJournalism/russ-choma-stimulus-covering-the-green-economy
  • 25. 48c Tax Credits (in brief) Actual tax credit, announced in January Competitive selection $2.3 billion, at least 38 states, 185 projects Matched by up to $5.4 billion http://bit.ly/48cTaxCreditList Many got some coverage, but not always good.
  • 26. Other Stimulus To Follow DOE’s list of incentive programs: http://www.energy.gov/recovery/renewablefunding.htm Spreadsheet of all: http://bit.ly/AllEnergyStimulus Clean coal? Research? Energy Efficiency Block Grant Program At least a dozen Native American groups
  • 27. Local Incentives Many of these projects hinge on getting more help – beyond the stimulus. Database of State Incentives for Renewables & Efficiency: http://www.dsireusa.org/ Pennsylvania model: State focused on supply chain. Feb. 19, 2010, state gave out $22.8 million in federal stimulus dollars to three wind farms … if they bought Gamesa turbines. What’s your state/city doing – is it competitive? Balance benefits to company with benefits to residents? Are there guarantees? Local incentives Attracting business Using government buying power
  • 28. Renewable Portfolio Standard http://www.cpuc.ca.gov/PUC/energy/Renewables/index.htm 20 percent by 2010, and (theoretically) 33 percent by 2020 Mandates a market, huge driver Great source of information: Lots of documentation Status of RPP projects: http://bit.ly/RPS-Status In-state vs. out-of-state
  • 29. Green Small Businesses Local incentives attract local businesses Wind and geothermal are big, solar is small Small is growing 76 percent of Section 1603 has gone to solar 83 percent of the projects in California are less than $1 million (total project cost $3 million)
  • 30. Tip: Don’t Skip the Background Check Lots of money attracts people with checkered pasts and no experience. Atlantic City Press 1/2/2010: “Financial incentives bring renewable energy business- but not experience.” Secretary of State Websites, corporation look-ups Brief history of business, key executives, ownership, subsidiaries, linked companies, etc. Fresh Air Energy 1 LLC, EcoPlexus ProPublica: “How to run a background check on companies awarded stimulus contracts” Criminal/Tax issues Bans on contracting Workplace safety records Environmental record Lobbying records http://www.propublica.org/feature/how-to-run-a-background-check-on-companies-awarded-stimulus-contracts-520
  • 31. Other Resources Energy Information Administration: http://www.eia.gov/electricity/data.cfm Profile of every power plant, fuel, production, energy used/energy produced, etc. http://www.eia.doe.gov/cneaf/electricity/page/eia906_920.html FERC: Every transaction, made by every power plant: http://www.ferc.gov/docs-filing/eqr/data.asp California PUC: http://www.cpuc.ca.gov/puc/ Law firms
  • 32. Stimulus Resources Recovery.gov ProPublica’s “Eye On The Stimulus”: http://www.propublica.org/ion/stimulus USASpending.gov Renewable funding: http://www.energy.gov/recovery/renewablefunding.htm State and local programs: http://www.energy.gov/recovery/statefunding.htm “Show Me The Money; The Law of the Stimulus”: One of many primers to help fill in the background on all the funding opportunities and who can go for them. http://www.stoel.com/ShowMeTheMoney
  • 33. Call Me @Investigative Reporting Workshop: 202.885.3633 rchoma@investigativereportingworkshop.org Twitter: russchoma Website: www.russchoma.com