Dr. Elaine C. Kamarck, former domestic policy advisor to Vice President Al Gore and co-founder of the U.S. Climate Task Force (CTF), has unveiled a new report that examines lessons learned from past efforts to legislate on climate change and how those precedents can be applied to help pass an emissions policy in the 111th Congress. Her expert analysis, featured in the report, “Addressing Climate Change: The Politics of the Policy Options”, breaks these lessons into five categories.
The keystone of the green economy is a drastic increase in energy efficiency. Increasing our societies energy efficiency is the single most vital and important thing we need to do in order to have a green economy or in fact any kind of economy at all. It is also vitally important to throttle back the amounts of fossil fuel we burn in order to mitigate and diminish the rapid and potentially catastrophic climate change that is being driven by our fossil fuel habit.
Without much more energy efficient buildings and transportation systems nothing we do will be able to prevent an economic collapse brought about by the inevitable and rapidly approaching decline in the recoverable supplies of all forms of fossil energy. We cannot build out wind, geothermal, biofuel, or solar energy fast enough to sustain our civilization in the face of rapidly shrinking recoverable fossil energy reserves; unless we embark on an urgent and sustained drive to use energy (and other resources) with much higher efficiency.
This post, by Jerry J. Toman, ScM, ChE examines five policies that are setting our future up for failure. They are: Reliance on the old-time political religion of economic growth (usually defined as by economists as GDP growth); Continue to practice incrementalism above all else, as the dominant means of solving the problems; Embarking willy-nilly into mega-projects that utilize technologies that often are half-baked in terms of knowing what the overall costs, impacts and benefits would be; Ignoring the “carbon balance” aspects of current practices and future remedies; and relying on technologies that involve extensive “mining” of the earth’s solid surface for minerals, as a means to achieve sustainability.
A survey of 140 mayors from 40 states also highlights concern over potential financial obstacles for infrastructure projects, according to a study sponsored by Siemens for The U.S. Conference of Mayors. A majority of cities (77%) report their infrastructure budget for 2009 has been adversely affected by the global economic crisis. However, nearly two-thirds of all U.S. mayors surveyed believe that fighting climate change with technological innovation represents a “enormous” economic opportunity. Optimizing the infrastructure of cities is considered a major way to address global warming and environmental protection. Mayors of larger cities, in particular, viewed the expansion of public mass transit as a key way to fight climate change.
ew research by the Carbon Disclosure Project (CDP) with responses from 80 of CDP’s signatory investors across the globe revealed that three-quarters factor climate change information into their investment decisions and asset allocations. Of these, more than 80% consider climate change to be important relative to other issues impacting their portfolio. Interestingly, some of the institutions surveyed revealed a willingness to go beyond requesting disclosure on climate change, such as asking companies to reduce their greenhouse gas emissions.
Boards of directors are increasingly paying attention to the risks and opportunities associated with corporate responsibility, sustainability and climate change, according to a new survey commissioned by Deloitte and Corporate Board Member magazine. The survey of 220 directors at U.S. companies with $1 billion or more in revenue highlights the board’s growing role in oversight of corporate responsibility and sustainability (CR&S). Despite the current economic environment the board’s role is undoubtedly increasing as there is greater awareness of the business risks and opportunities associated with corporate responsibility, sustainability and climate change. The perfect storm of emerging regulations, increased requirements for reporting and transparency, heightened pressure from investors, energy price volatility and market demands for green products and technologies is driving CR&S as a business imperative.
The newly published, inaugural Carbon Salary Survey, is one the first studies to provide detailed information about professionals working in the climate change and emissions trading markets globally. The Carbon Salary Survey, which culled responses from 1,157 participants, is a collaborative project between Acre Resources, a green recruiting consulting firm; Acona, a CSR consulting firm; and Thomson Reuters Carbon Market Community. Throughout April 2009, they surveyed people working in the following areas: renewable energy; clean technology and energy efficiency; carbon finance/brokering; carbon/climate change law, policy or regulation; the project-based emissions market under the Kyoto Protocol(CDM & JI); and the voluntary offset market and climate change science. Based on the results, it appears that green professionals overall are well-paid, feel that they have job security and are happy.
In recent times, junk economics has replaced junk science as the cause of inaction on climate change issues. The case for inaction is no longer argued on the grounds of skepticism about the science; instead, some claim that it is too expensive to take more than token action on key initiatives. In response to this trend, more than 100 of the country’s leading economists have banded together to launch RealClimateEconomics.org, an effort dedicated to using the weight of economic evidence to support effective public policy and business responses to the climate crisis. RealClimateEconomics.org is inspired by the success of RealClimate.org, a longtime effort by climate scientists to dispel the junk science popularized by climate skeptics.
Amid the debates on Capitol Hill regarding climate change and the growing interest in renewable energy, PJM Interconnection is launching a one-stop resource to better understand renewable energy resources on the PJM power grid. The Renewable Energy Dashboard at green.pjm.com illustrates a user-friendly snapshot of the amount and type of generation that currently provides power to the 51 million people in the PJM region. The dashboard also features a map indicating where proposed renewable energy projects are planned and a summary of how much electricity has been produced by renewable sources since 2005.
