Word: carbonated
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...hard to push the climate change agenda - and possibly hard to find any money left to support it. "If this crisis consumes all of our attention, it might definitely impact the speed at which [global warming] legislation could be passed," says Wiley Barbour, the founder of the American Carbon Registry. (Listen to Barbour talk about the effect that the financial crisis will have on global warming action on this week's Greencast...
...including Barack Obama, to publicly support some amount of offshore drilling. The flip-flopping came on the heels of the Senate's defeat of the Warner-Lieberman bill - the first real attempt to pass federal cap-and-trade legislation - thanks in part to fears raised by Republicans that a carbon cap would further increase energy prices. "America's growing dependence on fossil fuels, once viewed as a Democratic trump card...has become a lodestone instead," wrote the green pollsters Michael Shellenberger and Ted Nordhaus in a recent piece for the Los Angeles Times. The ensuring financial meltdown hasn't helped...
...exceeded $150 a barrel at one point this year. The economic slowdown has shrunk those prices just as quickly, with oil now dipping below $95 a barrel. That makes renewable energy projects like wind and solar, which have to compete with fossil fuels on straight cost until a carbon price is passed, less attractive. Michael Liebreich, the chairman of the research group New Energy Finance, argued in a recent briefing that the financial crisis might make governments less willing to extend preferential subsidies and incentives for clean power, as a sinking economy makes high energy prices sting a little more...
There are five key components to Exelon’s plan: enact mandatory climate legislation in the form of a cap and trade policy very soon, enhance energy efficiency, encourage renewables with tax credits, fund research and development in coal and carbon recapture, and stay true to competitive markets...
...twice as expensive as nuclear energy. In fact, the speaker did not state that wind power costs twice as much to produce as nuclear power on a kilowatt-hour basis, but that wind energy costs twice as much as nuclear when considering the cost of abating a ton of carbon dioxide...