Showing posts with label clean energy. Show all posts
Showing posts with label clean energy. Show all posts

Tuesday, November 6, 2012

(Oil) Money Can't Buy You Love But Renewable Energy Can Earn It

The fossil fuel industry has spent millions of dollars to keep themselves on the top of the energy game. But Election 2012 proved that money does not buy you happiness- at least for the fossil fuels. According to this article on the Huffington Post, by mid-September, oil, gas and coal companies had spent more than $150 million on campaign ads. In one week alone, Texan oil barons donated $10 million to Governor Romney. At the current rate, by the end of the election- well over $200 million will be spent trying to put pro-fossil fuel politicians in office.

Ohio- Senator Sherrod Brown ran on a record of supporting renewable energy and environmental protections and was re-elected for a second term.
New Mexico- Martin Heinrich- a clean energy advocate, beat out Representative Heather Wilson- a pro- drilling, anti-climate action candidate for a Senate seat.
Virginia- Governor Tim Kaine, with a proven record in favor of clean air and environmental standards, kept his seat despite fossil fuel companies pushing hard (financially) for his opponent.

These advocates might have survived the onslaught from the fossil fuel lobby- but they aren't the only clean energy advocates America put in office on Tuesday.

Steve King and Tom Latham- both from Iowa, Dean Heller from Nevada and Dave Reichart from Washington all won re-election this year and all are big wind power advocates.

So here we are- post election. Pro- clean energy and renewable energy advocates have prevailed. The voters have spoken and a majority want more renewable energy and environmental protection. We can all breath a sigh of relief. But there's no time to rest on our laurels.

Now the real work starts. 

Saturday, April 14, 2012

Who's Winning the Clean Energy Race?


The Pew Environment Group and Bloomberg New Energy Finance issued their annual report Who's Winning the Clean Energy Race. The report details the state of clean energy investments globally and identifies where key countries stand at the end of 2011. The report found that clean energy investments continue to increase, that Europe is still the hub of clean energy investment, and that the United States is surpassing China in renewables, and the trend is still heading upwards. 

Jake Schmidt outlines the key points from of the report in the Huffington Post. My favorite point? "Renewable energy is for real, so let's commit to more."

Monday, April 9, 2012

New State Law Aims to Increase Incentives in Massachusetts


Some US states are actively trying to make things a little more difficult for citizens interested in using renewable energy. Massachusetts, however, is trying to make it easier. The state Senate unanimously passed a law last week increasing the incentives to utilize renewable energy.  The bill will now move to the house.

The new law will increase the required amount of power utility companies must buy.  and aims to curb energy costs at the same time. According to the new law, utility companies will no longer conduct one on one negotiations with renewable power companies- but are required to competitively bid for these long term contracts.t

In a statement, Senate President Therese Murray said "the bill will help bring down the state's high electricity costs without compromising its commitment to renewable energy."

Thursday, March 22, 2012

Renewable Energy is a Sound Investment


Experts agree, the smart investment bet these days is in renewable energy. In 2011, investments in clean energy reached a record $260 billion worldwide. And we haven't reached the top of that climb. As an article in Forbes.com pointed out, even if we conservatively assume the renewable portfolio standards set in 29 US states and the District of Columbia don't expand at all- analysts predict that several hundred billion dollars of investment in renewable energy generation projects will be required between now and 2030, just to meet those standards.

The article also points out another interesting point- investment in clean energy is good for utility companies too. Diversifying the supply of energy allows the utilities to hedge against the predictably unpredictable volatile fossil fuel prices. these investments are win-win-win.

"The bottom line: For investors looking for financially sound, environmentally responsible, climate-friendly investments, renewable energy project finance is worth a very close look."- Mindy Lubber (forbes.com)