With demand for fossil fuels outpacing the growth of renewable energy technologies worldwide, the International Energy Agency suggests that fossil fuel subsidies worth $312 billion be realigned to develop cleaner alternatives.
I got a call shortly after dinner last night from a radio host in Denver, explaining that due to a last-minute cancellation, he had an hour-long opening on his show. He asked if he could call me for the interview – at 1 AM!
I agreed, stayed up late, reading, checking out Jay Leno, and fighting off the yawns. (more…)
Attacks on climate change regulations, thawing permafrost in National Parks, and attempts to cut funding for climate research. Climate change has had some bad news this month. There’s at least one (sort of) bright spot, though: the state of US greenhouse gas emissions. Yesterday, the Environmental Protection Agency (more…)
In my last post, I opined that the United States was at risk of losing its share of the global fuel cell market to Germany, South Korea, Japan, and perhaps China. Unfortunately, this is a story that the United States knows all too well. For example, in solar and wind, the United States had an early advantage, only to see its leadership position fade away to Europe and China. (more…)
Japanese government and industries are likely to invest $6.4 billion in green energy technologies over the next 15 months.
The Japanese government would offer subsidies worth $1.9 billion while the rest of the investment is likely to come from some 142 companies which include Fuji Electric Holding, Toda Kogyo Corp, Toshiba Corp, (more…)
The results of political compromise — maybe by definition — are seldom satisfactory to anyone. But hasn’t this whole process recently gotten worse than ever before? The ultimate version of the healthcare reform that the Obama administration put through was the product of a hammer and tongs fight from the (more…)
In a recent article in the Financial Post the authors make the case that while the Ontario government and its feed-in tariff (FIT) program quickly make the province a leader in renewable energy, other, traditionally “greener” economies are shifting away from subsidizing the industry. “Across the world,” says the sub-heading, “unsustainable subsidies for wind and solar (more…)
It’s always interesting to get out and interact with different groups who have specific perspectives on the energy industry. And, to that end, I’ve commited to a certain travel schedule that will take me — either as a speaker or as a participant — to a decent number of conferences over the next 12 months.
I enjoyed my trip to Boston earlier in the (more…)
By now there’s little debate that the technology used to obtain oil in deeper waters was developed and rapidly put into use before safety technology could keep up. As we’ve noted, that’s a development that regulators allowed, despite their concerns.
But the expansion of deepwater drilling wasn’t solely a result of industry rushing into deeper waters and toward greater profit. According to the Los Angeles Times, it was also encouraged by the federal government, which gave oil companies tens of billions in tax breaks, subsidies, and royalty relief. Many of these incentives have outlasted their initial purpose, according to the Times: (more…)