The Future is Green

Affordable Clean Energy Technology: China’s Sputnik

Dateline: 20,000 feet, somewhere over Michigan

At the outset, let me confess that I am, as I write this, doing just about the least green thing a person can do – flying. Yes, I did buy carbon offsets to ameliorate some of the environmental harm wrought by my round-trip flight to Denver. But it is increasingly hard to fly without anxiety over the outsize greenhouse gas emissions resulting from air travel. The fact that I am flying there to speak about energy efficiency at the Energy & Environmental Buildings Association conference does very little to relieve my sense of unease.

But that’s not really what I want to write about today.

Instead, I would direct your attention to Thomas Friedman’s Op-Ed piece in today’s NY Times. China, he argues in it, as he often has, is gearing up to make renewable energy technology the growth engine of its economy. In doing so, the Chinese will leapfrog America’s fledgling efforts in that field much as the Soviets left us in the dust (at least temporarily) by launching Sputnik in 1957. Unless we make massive investments in science, technology, education and infrastructure as we did upon entering the space race, he warns, we will find it difficult to catch up.

“China’s leaders, “Friedman writes, “mostly engineers, wasted little time debating global warming. They know the Tibetan glaciers that feed their major rivers are melting. But they also know that even if climate change were a hoax, the demand for clean, renewable power is going to soar as we add an estimated 2.5 billion people to the planet by 2050, many of whom will want to live high-energy lifestyles.”

Quoting Lester Brown, author of Plan B 4.0, (highly recommended, btw) he tells us that, while the US has been the world leader in wind generation to date, “by the end of this year China will bypass us on new wind generation so fast we won’t even see it go by.”

China’s embarkation on a path of clean power development and innovation, Friedman concludes, “is the Sputnik of our day. We ignore it at our peril.”

The full text of Friedman’s column can be found here. Definitely worth reading.

And please, next time you travel, buy carbon offsets. While being very far from the kind of investment in clean energy we need to make as a nation, it does help finance clean energy and carbon mitigation projects and it doesn't cost very much. CarbonFund.org and TerraPass.com are two excellent web sites that will help you calculate and offset your carbon footprint.

A Wonkish Post About the Waxman-Markey Bill, a.k.a. the American Clean Energy and Security Act

Just back from Atlanta, where I spent four days at the Renewable Energy Markets conference sponsored by CRS, the Center for Resource Solutions.

One of the most striking things about the conference was the acknowledgement by virtually every speaker that a great deal of the clean energy landscape is about to change. Congress is on the verge of passing (we hope) some version of the American Clean Energy and Security Act (ACESA), also known as the Waxman-Markey bill. (The Senate version of the bill is called the Bingaman bill, but don’t let that confuse you).

Though far from perfect, ACESA is a significant step forward in the effort to reduce our dependance on fossil fuels and to curb global warming. The bill will mandate that greenhouse gas emissions be reduced by 80% (from 2005 levels) by the year 2050. That’s ambitious goal to be accomplished in 40 years, but it’s far from impossible. Still, many would argue that it is not ambitious enough.

One of the most crucial features of this 1,200 page bill is a cap-and-trade system for reducing greenhouse gas emissions. This is the same model that has been highly successful in reducing acid rain, so we know the mechanism to be effective. Simply put, energy producers would first be required to limit their greenhouse gas emissions to 2005 levels, and then gradually reduce emissions each year as the cap is ratcheted down.

Opponents of cap-and-trade claim that the costs will be prohibitive. But experience has shown that the successful acid rain reduction program in the US has been far less costly than originally predicted. And the European Union currently operates under a cap-and-trade system with virtually no negative economic consequences, according to an analysis by MIT.

More importantly, what opponents fail to consider, and should be reminded of at every opportunity, is that the cost of inaction will dwarf the cost of addressing climate change. I am always amazed when professed fiscal conservatives ignore financial consequences that will occur after the next election cycle, let alone in their children’s lifetime. This is conservatism? I call it irresponsible. But I digress.

But back to ACESA. One of the bill’s flaws, which could be easily fixed, is that neither the House or Senate versions contain a provision for protecting the voluntary market for renewable energy credits (RECs). (Click here for more detail on renewable energy credits).

While utilities in 30 states must buy RECs to comply with state mandates for clean energy, called Renewable Portfolio Standards, many organizations voluntarily buy RECs as part of a corporate commitment to environmental responsibility. Some of the largest voluntary buyers of RECs include Intel, PepsiCo, DuPont, Staples, Alcoa, Cargill Dow, Delphi Corporation, and scores of others who have offset from 4% to 100% of their conventional electricity usage. To date, voluntary REC purchases have been responsible for over 50% of all new renewable energy development in the US. Voluntary purchases in 2007, alone, account for 18.1 Megawatt hours of clean energy capacity. It’s a big success story.

A simple change in the bill’s language could rectify this shortcoming. It would take someone far more wonkish than I to explain this adequately, but passing this bill is a crucial step towards tackling climate change. I urge you to write, call, or email your Senators and Representatives to say you support passage of ACESA, and that it should be amended to provide added protections for the voluntary REC market.

New Film, The Age of Stupid, asks Why didn't we stop climate change while we had the chance?

The Age of  Stupid, a powerful new British drama/documentary film about climate change, is having its Unites States premier on September 21 and 22 in theaters in every state. (You can find a list of theaters and show times, and order tickets here.) The film stars Oscar-nominated actor, Pete Postlethwaite, as an old man living in the devastated world of 2055, watching 'archive' footage from 2008 and asking: why didn't we stop climate change while we had the chance?

Within 48 hours of the film's British launch at Tate Modern on September 1, 10,000 people, including Prime Minister, Gordon Brown, all of the cabinet, and the leaders of the UK's three main political parties all signed a pledge to  cut the UK's emissions by 10% in 2010.

Franny Armstrong, director of The Age of Stupid and founder of the environmental organization 10:10 said: "It's amazing that within 48 hours of the campaign's launch, the leaderships of the three main political parties have committed to cut their carbon emmissions by 10%. Who said people power was dead?

The premiere will be simulcast live from a solar powered tent in New York City to over 400 movie theaters at 7:30 PM ET (6:30 PM CT/ 5:30 PM MT/ tape delayed 8PM PT) and will include a live pre-show from the green carpet including Kofi Annan, Gillian Anderson, the film's director Franny Armstrong, and star, Pete Postlethwaite, and other luminaries from around the world including Mary Robinson, former president of Ireland, and Ed Miliband, the UK Minister of Energy and Climate Change.

Mark your calendars and order your tickets now, and let me know what you thought of the film.