Word: fueled
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...business that couldn't stay afloat without substantial subsidies from governments of roughly a dozen high-seas fishing nations - including Japan, South Korea, Russia, Iceland, Spain, France and the Ukraine - according to new research conducted by the University of British Columbia's Fisheries Centre. The subsidies defray substantial fuel costs - trawlers need a lot of power to move nets that weigh 15 tons and stretch a mile deep - keeping these boats working around the clock for weeks and months, mining the deep sea (it takes about four hours to fish...
That doesn't mean we are powerless. There are steps we can take now: adopting combined heat-and-power systems; switching from coal to natural gas; embracing renewable and nuclear energy; and favoring more fuel-efficient and hybrid vehicles. In addition, we can reduce and offset up to 20% of our emissions by conserving and restoring the world's forests. Forests not only store twice as much carbon as there is in the atmosphere, but constantly reabsorb it through photosynthesis. Nature's carbon-storage technology is extraordinarily efficient and can mitigate climate change better over the next 50 years than...
...rail terminal, where trains will help transport 100 million gallons (380 million L) of biodiesel a year to Imperium's customers. Watts is happy to see his refinery jump-start the economy of Grays Harbor, but he knows the benefits of Imperium's green, low-carbon fuel will be felt well beyond the town. "It just makes you feel good to work on something that's helping the planet," he says. "That matters...
That capital is already paying off. Revenues for companies in solar energy, wind, biofuels and fuel cells surged from $40 billion in 2005 to $55 billion in 2006, according to the research group Clean Edge. Clean energy?related companies raised over $10.3 billion in ipos in 2006, up from $4.3 billion in 2005, and hot new companies such as First Solar, whose stock jumped from $25 to $215 in the past year, are angling to become green Googles. In turn, green venture capital in the U.S. is projected to rise to $18 billion by 2010, according to Nicholas Parker...
...people could lose a lot of money on solar or biofuels." But defenders point out that the burgeoning energy needs of China and India mean that oil prices are unlikely to fall to previous levels, while the political push to put a higher price on fossil fuels through emissions caps or a carbon tax will make renewables a neccesity. "It's either a very important hedge against the future, or it could become the future," says Peter Bance, CEO of Ceres Power, a London-based fuel-cell company...