Currently viewing the tag: "renewable economy"
Food prices are skyrocketing. Initially, many put the blame on the rising demand of biofuels in the transport sector, but bio-ethanol is far from the only thing driving up food prices. New diets, soaring oil prices and climate change are all in the complex soup of explanations behind the recent development putting food beyond the reach of the planet’s poor.
The former vice president of the United States, Al Gore, yesterday announced an ambitious goal, which he says the nation can meet, of transitioning its entire domestic energy production to clean resources by 2018. The speech marks a major moment in the process of transition to the green technology boom, which will be the next step in the ongoing economic development of the United States and the world. Gore, however, warned that failing to meet the challenge to date means “the United States of America as we know it is at risk”.
Former US vice-president Al Gore is calling on the nation to marshal its resources and divorce itself from the combustible fuels economy. Gore says the US can produce all its energy requirements from renewable resources within 10 years, if concerted action is taken. The bold initiative is designed to drive debate on the topic and move discussions about how to deal with high fuel prices toward the new opportunity they provide for funding renewable infrastructure development.
EIA Report: Renewable energy consumption declined 1 percent between 2006 and 2007 to 6,830 trillion Btu, according to preliminary 2007 data. In contrast, both total energy and non-renewable energy increased 2 percent. There was wide variation in the consumption behavior of individual renewable energy sources. Hydro electricity dropped 14 percent in 2007 due to reduced precipitation in several regions of the country. On the plus side, biomass-based energy grew 7 percent and wind-generated electricity jumped 21 percent. Major increases in consumption of biomass to produce and use biofuels (ethanol and biodiesel) were almost entirely responsible for the increase in biomass during 2007.
T. Boone Pickens has started what USA Today reports will be “the biggest public policy ad campaign ever” to promote a national economic shift from oil to renewable fuels, primarily wind. The campaign is centered on the PickensPlan website, which shows the oil tycoon explaining how and why the US can and must break its dependence on foreign oil —for which American consumers pay $700 billion per year— by transitioning to an energy economy founded on exploiting the massive wind resources of the Great Plains.
Petroleum is the most pervasive base resource other than water in the global economy of the 21st century, and as demand is exploding, production is nearing its geological peak, and untenable price increases are hitting a strained economy hard. Oil prices could be in a stagflation lock, unable to readjust to consumers’ means, unable to compete as emerging energy sources repeatedly slash development and commercial prices. Whatever factors are at play, crude oil prices have jumped over 900% since 1998, and it looks like production cannot meet global demand.
The green technology transition is gaining momentum. Japanese auto manufacturer Toyota has announced it will add solar panels to some of its fleet of hybrid vehicles. The “high-end” third-generation Prius models will sport Kyocera-produced solar panels on the roof, aimed at assisting with powering the air-conditioning and other peripheral operations, freeing up battery energy to give the hybrid engines more non-combustion mileage.
Due to the science we already have, the laws we have to govern our own activity and to force government to act for the public health, we face the real possibility of being forced, in American courts, in the future, to pay for damage done to the most affected populations in other parts of the world, as a result of inaction by our government. And if not in court, then as a matter of the de facto urgencies of international political stability.
Ecological advancement and retro-fitting will be the new boom economy. Let’s make sure we do everything possible to fund not only research, but implementation. What will it cost to produce an environmentally-oriented overhaul of the US economy, by way of the private sector, with government incentives, and to the ever-growing benefit of private sector interests? These are key questions being asked by scientists, activists, economists and politicians, not to mention energy industry executives and those whose core business involves fossil fuels.
The race to tap large quantities of underground, geothermal energy is heating up. In a recent bid to solve their country’s demand for clean energy, the Swiss are digging deep, and the Earth is responding. A scientist at MIT, in the US, says 40% of US geothermal sources could power the entire country’s energy needs in excess of 56,000 times.
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