Synapse Energy Economics, Inc.
Climate Impact & Sustainability Data (2011, 2014-2019)
Reporting Period: 2011
Environmental Metrics
ESG Focus Areas
- Renewable Energy
- Environmental Sustainability
- Economic Development
Environmental Achievements
- Numerous residential and commercial solar installations across New Hampshire contributing to reduced reliance on fossil fuels.
- Garland Mill Timberframes' construction of high-performance homes that sometimes produce more energy than they consume.
Social Achievements
- Creation of jobs in the solar industry in New Hampshire.
- Community engagement and support through initiatives like the Jim Mitchell Community Park powered by solar energy.
- Increased awareness of solar energy viability in New Hampshire.
Governance Achievements
- Collaboration between businesses, the New Hampshire Public Utilities Commission (NHPUC), and state legislators to develop and implement solar incentive programs.
Climate Goals & Targets
Environmental Challenges
- Inconsistent and unpredictable policy support for solar energy in New Hampshire.
- Limited funding for solar incentives, leading to frequent depletion of funds and long waiting lists.
- Burdensome process for qualifying residential PV systems to sell RECs.
- Relatively low REC prices in New Hampshire compared to other states.
- Opposition from some state legislators to solar energy development.
Mitigation Strategies
- Reducing incentive levels to manage high demand and limited budgets.
- Efforts to streamline the REC qualification process.
- Exploring municipal solar financing options in Lancaster, NH.
- Advocating for distributed generation solutions to counter the influence of large hydropower and gas projects.
Supply Chain Management
Climate-Related Risks & Opportunities
Opportunities
- Increased demand for solar energy due to climate change concerns
UN Sustainable Development Goals
- SDG 7: Affordable and Clean Energy
- SDG 13: Climate Action
Solar energy contributes to reducing reliance on fossil fuels and mitigating climate change.
Reporting Period: 2014-2019
Environmental Metrics
Total Carbon Emissions:4.6 million metric tons CO2e (2014-2019)
Carbon Intensity:Not disclosed
ESG Focus Areas
- Climate Change
- Public Health
- Economic Benefits
Environmental Achievements
- Avoided 4.6 million metric tons of CO2 emissions from 2014-2019
- Avoided millions of pounds of criteria pollutants (SO2, NOx, PM2.5) from 2014-2019
Social Achievements
- Contributed to $87 million in public health benefits from 2014-2019
- Job creation, local tax base support, and participant cost savings
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Decreasing energy benefits with increasing BTM solar installations due to peak solar output around noon
- Inaccurate predictive equations in non-summer weeks
Mitigation Strategies
- Conservative estimation of energy benefits by removing weeks with inaccurate predictive equations
- Analysis of a scenario with double the amount of BTM solar to assess the impact of increasing levels
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Goal 7 (Affordable and Clean Energy)
- Goal 3 (Good Health and Well-being)
- Goal 13 (Climate Action)
BTM solar contributes to these goals by reducing greenhouse gas emissions, improving public health, and providing economic benefits.
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed