Monthly Archives: June 2009

The Human Toll of Fossil Fuel Use

coal-minersMost of my posts have focused on the environmental and public health impacts of burning fossil fuels due to their greenhouse gas emissions. But the 16 deaths from a liquefied petroleum gas explosion on an Italian train today are an important reminder that reduced emissions are not the only benefit from efficiency and Continue reading

Deutsche Bank leader: Renewable Energy Ready, Clean Coal Years Away

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One of the most compelling speakers at our last day of REFF Wall Street was Deutsche Bank’s Global Head of Asset Management, Kevin Parker.

The focus of his talk was the importance for the finance community to respond to resource scarcity amidst a Continue reading

House Passes Climate Bill, Now for the Senate

US CapitolLast night, the US House of Representatives passed climate legislation to get greenhouse gas emissions falling to 83% below 2005 levels in 2050. This step is huge, and needs to be followed by a similar bill passing the Senate in the weeks ahead to get the President’s signature and become law. Here are some details from the Solar Energy Industries Association: Continue reading

Climate Bill up for House Passage Today

climatechangeThe world is watching as US federal leaders vote on climate legislation that would put US emissions on a downward trajectory in the decades ahead. While some organizations such as Greenpeace do not support the Waxman-Markey bill due to its large offsets provisions and its free allocation of many emission permits, most environmental organizations are supporting it and hoping to improve it in the years ahead. You can be a part of history! Here is an action alert from Continue reading

Green Wall Street gets together

money-bulb_0The barons of Wall Street have been blamed for the global financial crisis. They have been the target of Main Street ire and the butt of talk show jokes.  But as I walk the halls of New York City’s Waldorf-Astoria today, it is clear that the hundreds of suits filling the conference space want to change that. Continue reading

Oil prices rise, but supply still high

oiltanksPump prices are about to hit $2.70 per gallon nationwide, and oil has remained above $70 per barrel for several days. Most of the increase has come on expectations of economic recovery – like today’s increase in projection for China’s 2009 growth to 7.2% rather than 6.5% by the World Bank. But even more positive economic news will struggle to increase prices much more unless fuel inventories fall from Continue reading

EIA Report: US emissions to tank ~3.5% in ’09

climatechangeThe US Energy Information Agency (EIA) has further lowered its emissions projection for 2009 this month, as I said in May was likely. Lower coal consumption drives the reduction, based on the drop in industrial demand for fuel and the substitution by natural gas for coal for Continue reading

Solar price slide accelerates in June, new record low in Europe

solarOur friends at Solarbuzz.com released their June report today, showing that solar prices have fallen another significant amount in the last month. The progress will need to continue for several more months for solar to get competitive with fossil fuel energy without large governmental support. Industrial PV solar prices fell 1.1% to Continue reading