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Chai Reddy

Wind energy and solar power subsidies face uncertainty - Nov. 18, 2010 - 0 views

  • That's because the government cash it has come to rely on may dry up on Dec. 31.
  • So far, the government has handed out about $5.4 billion, according to the Energy Department.
  • Speaker of the House John Boehner
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  • did say that Republicans support all forms of energy development, including renewables and nuclear power, provided that any money for them comes from expanded domestic oil and gas drilling, a prospect that looks dim.There's another piece of legislation that could provide support for the renewable industry besides the cash grant -- a mandate that would require utilities to buy a certain percent of their power from renewable energy.
Chai Reddy

Arnold Schwarzenegger: A Year After Copenhagen, California Shows the Green Revolution I... - 0 views

  • ey spent scores of millions trying to convince Californians that a vote for the environment was a vote against jobs, that a clean energy future would just be too costly. Of course, they cared little about jobs and more about fattening their wallets by peddling dirty energy.
  • Californians were aware that green technology is the only area of our economy creating new jobs right now -- 10 times more jobs since 2005 than any other sector.
  • hey know that 19,000 people are dying in California alone because of smog-related illness, costing many millions in health care.
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  • Oslo, Norway, they have reduced energy consumption by 70 percent simply by using an innovative and energy-efficient form of streetlights without an international agreement. The African region of Okavango planted 300,000 acres of trees, which will sequester 30 million tons of carbon dioxide. The state of South Australia is on track to generate 33 percent of its power from renewable sources by the year 2020. Across its various regions, China is investing billions of dollars in electric and hybrid vehicles. South Africa is developing a solar project that, when complete, will provide one-eighth of all of the energy of the entire country. Twenty-nine of New York City's universities and hospitals have accepted Mayor Bloomberg's challenge to reduce their emissions by 30 percent within the next few years.
  • in California
  • orld's largest solar plant and the world's largest wind farm, providing enough energy to power 740,000 homes. We have already approved solar plants that will provide 4,000 megawatts of energy.
  • goal of generating 33 percent of our energy from renewables by the year 2020.
  • California is now 40 percent more energy efficient per capita than the rest of the United States. More than one-third of the world's clean-tech venture capital flows right here out of our state. We lead the nation in clean energy patents and clean energy businesses.
  • Solazyme
Chai Reddy

U.S. Said to Be Falling Behind in 'Green' Technologies - NYTimes.com - 0 views

  • “The United States was a nearly untouched market with 120 million homes, most of them very energy-inefficient — it was a massive opportunity
  • Many European countries — along with China, Japan and South Korea — have pushed commercial development of carbon-reducing technologies with a robust policy mix of direct government investment, tax breaks, loans, regulation and laws that cap or tax emissions. Incentives have fostered rapid entrepreneurial growth in new industries like solar and wind power, as well as in traditional fields like home building and food processing, with a focus on energy efficiency.
  • A recent report by the Pew Charitable Trusts found that while the clean technology sector was booming in Europe, Asia and Latin America, its competitive position was “at risk” in the United States because of “uncertainties surrounding key policies and incentives.”
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  • The aggressive entry of Britain into the field over the last few years shows the power of government inducements to redesign a nation’s energy economy away from traditional fuel. The country’s Green Deal, as it is called, is currently being spearheaded by the Conservative-led coalition government. In Britain, reducing carbon dioxide emissions was one of the few policies supported by political parties of both the right and left, which both accepted that climate change was a serious problem and saw clean technology investment as a growth opportunity rather than an onerous obligation.
  • Dr. Arun Majumdar, senior adviser to Energy Secretary Steven Chu, said that the department’s $5 billion budget for research should be tripled as it currently financed less than 5 percent of proposed projects. He said the country needed better low-cost financing methods to bring companies into the market, as well as stricter energy-efficiency standards to stimulate customer demand.
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