Climate 411

Links: Cool Graphics and Magic Tax

In case you missed it, washingtonpost.com featured a set of graphics about a carbon cap on its home page all last weekend. A couple of them looked very familiar to us. Take a look.

We’ve been using a graph that tracks the price of emitting acid rain (sulfur dioxide) pollution for years now — like on this page, on how a cap works. Which of these illustrations do you think are most useful?

I was also intrigued by a post by Eric de Place over on Grist. He describes a cap on carbon pollution as a “magic self-adjusting carbon tax.” It’s a nice explanation of a cap’s price flexibility, which is one of its key advantages.

Posted in Climate Change Legislation / Read 2 Responses

FT Economists’ Forum: My Response to Stiglitz and Stern

Gernot Wagner's profile This week, Joe Stiglitz and Nick Stern published an opinion piece in the Financial Times titled “Obama’s Chance to Lead the Green Recovery“. They call for a “stable, strong” price for carbon, but do not say how that price should be set. I just posted a response in the FT‘s Economists’ Forum. Here’s how it begins:

Joe Stiglitz and Nick Stern are exactly right to emphasize the role President Barack Obama can play in leading the green recovery. They are also right to calling for a “stable, strong carbon price.” But it matters how that price is set. In the United States in particular, the right environmental, political and economic answer is a cap-and-trade system.

Take a look at the whole conversation. I also provided some more detail on the greenness of economic stimuli over at the Environmental Economics blog. Spoiler alert: China’s trumps the United States’ package 2:1.

Posted in News / Read 1 Response

Less Carbon, More Jobs

Jackie Roberts This was originally posted on Huffington Post

America is finally on the cusp of enacting a federal law to cap global warming pollution and the focus on how it will affect our economy has never been greater. When President Obama last week called on Congress to send him such a bill, he underscored the economic necessity of creating new jobs by reinventing our energy supply. Not surprisingly, longtime opponents of taking action argued that a cap will hurt business and consumers.

But the most important piece of this debate has largely been overlooked. Right now, tens of thousands of workers in hundreds of communities are poised to benefit from a nationwide cap on carbon emissions — and they’re right in our backyards.

When America caps its carbon emissions, manufacturing companies from coal country to the rust belt and beyond will see a surge of customers looking to cut pollution, reduce energy use and expand their use of renewables like wind and solar.

These are real companies with real employees in real American communities. And it’s time for their stories to be heard.

Take Dwayne Esterline of Eaton Rapids, Michigan. Dwayne spent 15 years manufacturing auto parts for everyone from General Motors to Daimler Chrysler. In June 2008, with the auto industry struggling, he took a chance and joined Dowding Industries. Dowding has been in Michigan for over 40 years, and they’d recently begun manufacturing large-scale machine parts for wind turbines.

Dwayne’s manufacturing background was a perfect fit, and he sees his story as a model for workers across the country.

“I look at the future of the wind industry, and this is a positive place to be,” he says. “It’s nice to be a part of something that’s growing and creating jobs. I think people in communities like mine need to reinvent themselves and apply their skills to the green energy revolution.”

Read More »

Posted in Policy / Comments are closed

New Map: Green Jobs Ready to Take Off with Cap on Carbon Pollution

Screen shot of one of the green job mapsOn Friday, we released a set of interactive maps showing 1,200 companies that are poised to benefit from a national cap on carbon pollution.

Jackie Roberts, our director of sustainable technologies, put it this way: “These maps tell the story of companies across the manufacturing heartland that will get new customers and create jobs with a cap on carbon.”

The maps were presented at the kick-off meeting of Vice President Joe Biden’s Middle Class Task Force. (Here’s a liveblog of the event from the White House web site.)

Reactions are coming in. Politico gives an overview of the political context, Care2 features a video interview of Jackie explaining where the map idea came from and how to use the maps. The folks over at Environmental Leader and Climate Biz weighed in, too.

If you have any comments on the maps, please post them here.

Posted in Policy / Comments are closed

Obama Asks Congress for Cap on Carbon Pollution

The president said:

But to truly transform our economy, protect our security, and save our planet from the ravages of climate change, we need to ultimately make clean, renewable energy the profitable kind of energy.

So I ask this Congress to send me legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy in America.

Posted in Climate Change Legislation, News, Policy / Comments are closed

Three Companies Find Ways to Save Money and Resources

This week, EDF and KKR announced the results of the first year of our green portfolio project.

In just twelve months, the three pilot companies saved:

  • $16 million dollars
  • 25,000 metric tons of greenhouse gas emissions
  • 3,000 tons of paper
  • 650 tons of solid waste

I posted a little more about these numbers on our Innovation Exchange blog:

For the past few weeks we’ve been on phone calls and in meetings with project teams from KKR, US Foodservice, PRIMEDIA, and Sealy to review and refine these numbers for today’s announcement.

Since the underlying premise for this project is “you manage what you measure” we had to get these numbers right. We did and the initial results are really impressive. Especially considering that they are adjusted to reflect only those business and environmental benefits that were achieved through improved efficiency from 2007 to 2008, as opposed to changes in volume or sales due to the current economic downturn.

And Julie Stofer, in our communications department, highlighted some of the blog reactions:

  • The guys over at Triple Pundit must have had a good chat with our friends at KKR — they were the first to report some details that didn’t make it into the press release, such as the inclusion of Sungard in the next round of implementation, and a projection of the number of companies that will be participating in the program by the end of the year (46).
  • The New York Times beat the Wall Street Journal’s Deal Journal blog to the punch,  getting a post featuring a pic of Henry Kravis on both Deal Book and Green, Inc. yesterday.
  • Marc Gunther called us “a bunch of young and likely underpaid environmentalists.” He agreed with our point that sometimes it just takes “looking at company operations through the fresh lens of sustainability” to achieve benefits that are good for the bottom line and the environment.
  • Gwen Ruta, the VP of our partnership program, also chatted with GreenBiz.com about how this project has just “scratched the surface of the efficiencies that can be achieved.”

I think these results demonstrate clearly the benefits that can be achieved through systematic environmental measurement and management, but it’s just the start. With over 1,000 private equity firms in the U.S. and far more portfolio companies, there’s a tremendous opportunity.

Tom Murray is the managing director responsible for the KKR partnership.

Posted in News / Comments are closed