Climate 411

Highlights from top blogs and news stories in the last few days

The Wonk Room draws attention to a new report that shows how climate legislation will boost the economy. “This CCS analysis finds that instead of slowing the economy, household wealth and jobs will grow faster in a green economy.

Marc Gunther explores the potential of the growing wind power industry and how innovative companies are working to “capture high-altitude wind energy and turn it into electricity for off-the-grid users. Potential customers include the U.S. military, chic eco-resorts in remote locations and poor people in the global south in desperate need of power.”

The Washington Post has an editorial stressing the importance of keeping the climate bill on the Senate agenda this year. The editorial board reminds us that “every year Congress waits to legislate, adequately curbing emissions will get harder and more expensive.”

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Yesterday’s blog highlights

On Climate Progress, CAP Senior Fellow Van Jones explains that “the next 40 years of environmental policy will be primarily economic policy as we begin to repower America with cleaner energy.”

On E2 Wire, Senator Kerry asserts that now is the time to pass a climate bill. “We can’t afford to wait and we’ll never have as clear a shot to reach this goal we first set out twenty years ago,” Kerry (D-Mass.) said.

On Grist, Dan Lashof highlights the importance of Earth Day and asserts that we need “more than a celebration. We need a clean energy revolution that creates 2 million jobs, cuts 2 billion tons, and saves 2 trillion dollars.”

Watch the Clean Energy Revolution video that nicely sums up our current situation.

httpv://www.youtube.com/watch?v=e6yuRZai__k&feature=player_embedded

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Highlights from yesterday’s top blogs

On Grist, David Roberts advocates for a “diverse climate policy portfolio”. He explains that  a “portfolio approach to climate change, which couples a carbon price with complementary policies, could yield a net benefit to the economy, and to most voters, from day one.”

Gernot Wagner, EDF economist, had this to say on David Robert’s piece:

“ Absolutely. Diversify the portfolio. Our strategy ought to be one of all-of-the-above. We need utility and grid reform, removal of subsidies, an emphasis on efficiency, etc. etc. etc.

However. We also ought to keep our eyes on the ball. The goal is not to reform utilities for the sake of reforming utilities (although there might be other benefits to that as well). The goal is to avoid sending $1 billion a day abroad for our oil. This kind of large-scale transformation depends on a comprehensive approach, and that can’t be achieved piecemeal. We ought to limit global warming pollution to right the incentives and take the market path to a healthy planet and economy.”

Green Inc. argues that the solar technology market is gaining momentum and points to the $129.4 million investment by a SiliconValley venture capital firm in solar company Amonix as proof.

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Yesterday’s blog highlights

Climate Progress reports on a new poll which shows that Latinos and African Americans support a bipartisan climate and clean energy bill.  “Overwhelming majorities of Latino voters in Florida (80%), Nevada (67%) and Colorado (58%) say they are more likely to vote for a U.S. Senate candidate that supports proposals for fighting global warming.”

Carol Browner, White House climate advisor, said the “administration backs protecting energy-intensive manufacturing sectors in climate legislation,” according to E2 Wire.

On Treehugger, we learned that the solar industry created 17,000 US jobs in 2009, according to a new report released by the Solar Energies Industry Association.

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Yesterday’s blog highlights

The Financial Times reports that China may be greening its economy. China’s philosophy is moving “from ‘climate change is bad, but development is our first priority’ towards ‘development is our first priority, and climate change may threaten that’.”

The New York Times reported that Obama is hoping the Senate will take on the climate bill after financial reform. “’This is one of these foundational priorities from my perspective that has to be done soon,’ Obama said of the climate bill”

Senator Kerry goes over the fine points of the climate bill in this video posted on Treehugger. Kerry explains that “the bill will put a price on carbon but not through a cap-and-trade system.”

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A low carbon economy: the gift that keeps on giving

A Practical Guide To A Prosperous, Low Carbon Europe is the latest McKinsey study to show how it is eminently affordable to achieve the transition to a low-carbon world. The headline on a post by Financial Times climate über-scribe Fiona Harvey puts it best: “Europe’s energy in 2050: Cutting CO2 by 80% no more expensive than business as usual.”

How is that possible?

Initial capital expenditures are higher for renewable energy but operational cost savings along the way make up the difference. It’s the gift that keeps on giving.

To be sure, there are some very clear obstacles. The old economists’ mantra applies here as well: if it’s so cheap, why aren’t we doing it already? Well, we ought to be. The obstacles are largely political, driven by vested interests. If you are just now building a new coal plant and haven’t put much thought into carbon capture and storage technology, you may be less inclined to cheer than your neighbor investing in wind and solar.

McKinsey isn’t saying that everyone wins in this new world. The ones who see the future and act accordingly do. Most importantly, society and the planet win as well.

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