Climate 411

Florida Report: Capping Carbon Saves Money

Sheryl CanterThe State of Florida just issued a final report on energy and climate change with some hopeful findings. Its policy recommendations would not only reduce Florida’s greenhouse gas emissions 50 percent below 2005 levels by 2025, but also save the state $28 billion:

The total net cost savings of all Action Team recommendations combined is more than $28 billion from 2009 to 2025. Additionally, the recommendations would increase Florida’s energy security by reducing our dependence on fossil fuels resulting in a total fuel savings of 53.5 billion gallons of petroleum, 200.2 million short tons of coal, and 6.394 billion ft.³ of natural gas during the period of 2009 through 2025.

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Posted in Economics / Read 1 Response

Climate Legislation Buried by Economic Meltdown?

Sheryl CanterThere’s been a lot of buzz lately about the financial meltdown making lawmakers think that climate change legislation is less urgent. But while we worry about the financial markets, global warming marches relentlessly on. The science knows nothing of credit markets and there will be no pause in the march towards catastrophe while we work that out.

In fact, climate change legislation could well solve both problems. David Roberts talked about this at length in a post this week on Gristmill. Here’s an excerpt:

Greens and economists need to be making the point that these green investments are not something we need to do in spite of economic woes, or in conjunction with measures to turn the economy around. They are the measures to turn the economy around. Kudos to Cathy Zoi of We for making the case, but she could use some backup.

There won’t be much time to do something serious on climate. The news from scientists looks worse and worse every day.

This post is by Sheryl Canter, an online writer and editorial manager at Environmental Defense Fund.

Posted in Economics / Read 5 Responses

A Profusion of Green Jobs is Just a Carbon Cap Away

Sheryl CanterThis Sunday’s New York Times Magazine had a cover story on green investment titled "Capitalism to the Rescue". We’ve mentioned in other posts that venture capital investment in clean energy is on the rise. This article was interesting in that it profiled one particular venture capital firm, Kleiner Perkins. The author interviewed the firm’s partners about why they see clean energy as such a good investment.

To start with, explained partner Randy Komisar, the current energy market is so large and outdated that "green-tech" is a huge and relatively low-risk opportunity. And we’re not, as many think, waiting for the new inventions to come. We’re waiting for federal policy to give private investment incentive. That is, we’re waiting for a mandatory carbon cap.

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Also posted in Energy / Read 2 Responses

Green Jobs Guidebook Gives Soup-to-Nuts Advice

Tim O'Connor's profileGreen Jobs GuideToday we’re launching a resource for people who want to enter the green job market. Our new Green Jobs Guidebook is a first of its kind, addressing everything from where to get training, to where to find good-paying jobs that help the environment. The guide focuses on California, but much of the information is applicable anywhere in the country.

I co-authored the guide with California Green Jobs Associate Amy Pasciucco. Together we painstakingly researched green employment opportunities and expected salaries, compiled growth projections, and identified the experience and education levels required by employers.

And we didn’t stop there.

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Posted in Economics / Read 1 Response

Could Green Investment Have Prevented the Economic Meltdown?

Sheryl CanterFormer President Bill Clinton gave an interesting analysis last night on the Late Show with David Letterman of how we got into our current economic mess. It all started at the beginning of the decade with lots of money to invest and no place to invest it. (For more on this, listen to the excellent report from This American Life on "The Giant Pool of Money".) Since most of the economic activity at this time was in real estate, investment bankers invented something called "mortgage-backed securities". This worked well and they wanted more, so lenders started giving mortgages to people with no ability to repay them – leading to the current mess.

We could have avoided this problem, Clinton said, if government had provided incentives for investment in the next big thing – clean energy.

EDF’s position is that the green economy is our best hope for the future. The incentive we need to make this happen is a cap on global warming pollution.

This post is by Sheryl Canter, an online writer and editorial manager at Environmental Defense Fund.

Posted in Economics / Read 2 Responses

11 Carbon Offsets You Can Trust

Sheryl CanterYou probably know that you should do what you can to reduce your carbon footprint – the greenhouse gas emissions produced by your lifestyle. After you’ve done that, you can negate what remains by supporting projects to reduce emissions elsewhere – that is, by purchasing "carbon offsets". This works because, from a global warming perspective, it doesn’t matter where the carbon comes from.

Carbon offsets are a good idea, but it’s hard to know whether a given project truly reduces carbon emissions. There are no unified standards. To help you make good choices, Environmental Defense Fund has just published CarbonOffsetList.org, a guide to high-quality offset projects for businesses and consumers. These are projects that we would turn to for our own offset needs. Check it out!

This post is by Sheryl Canter, an online writer and editorial manager at Environmental Defense Fund.

Also posted in Greenhouse Gas Emissions / Read 20 Responses