Word: carbonization
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USCAP called for a 42% reduction in U.S. carbon emissions by 2030 from 2005 levels, along with subsidies for coal plants that can capture CO2 and a market board to administer carbon offsets. And on Jan. 15, the leaders of USCAP - including GE head Jeffrey Immelt and DuPont chairman Charles Holliday - visited Capitol Hill to pitch their carbon-cutting blueprint. With Bush out of the way, it almost seemed likely. (See TIME's "Innovators of Renewable Energy...
...will low-carbon enterprises be abandoned as capital floods to safer, established industries and the heat goes off global warming, or is it, as Brenninkmeijer still insists, "the business of the century"? The signs from Abu Dhabi say we could see both. For all the excitement generated here by President Barack Obama, who pledged in his inaugural speech to "harness the sun and the winds and the soil," the short-term outlook for renewables is as grim as it is for other capital-intensive industries, if not more so. (See the 50 best inventions...
...course, that depends on international will to reduce carbon emissions - and its easy to see how fears of economic pain today could trump climate risks that many people now alive won't be around to see, especially for politicians hired and fired on election cycles. Brave leaders will have to think ahead, as former British Prime Minister Tony Blair said in the summit's closing speech. "It's right now, at the instant when our thoughts are centered on the economic challenge, that we must not set to one side the challenge of global warming, but instead resolve to meet...
...hope is that a bill to provide universal access, as promised during the campaign, will nudge its way through Congress by next fall. Also coming in the first half of the year will be a comprehensive environmental policy, including some tough decisions on how to go about reducing carbon emissions. If Obama can accomplish any one of these, he will surprise a great many Washington skeptics...
...Masdar and the WFES aren't about simplicity - they're about silicon and solar and the power of technology to free us from carbon without calling for uncomfortable sacrifices. "You can have your lifestyle and your business here," says Masdar's Awad. And though it may make old-school greens shake in their Birkenstocks, this carbon-free city next to a very unsustainable desert metropolis - where watering keeps the lawns green in the dry winter and everything is air-conditioned - represents at least one future of environmentalism, a future that embraces new technology to remedy the ills of old technology...