Energy and Global Warming News for March 17: Clean-energy investments are moving ahead; Bill Clinton warns Senators U.S. may trail China in energy race absent a climate bill
"Energy and Global Warming News for March 17: Clean-energy investments are moving ahead; Bill Clinton warns Senators U.S. may trail China in energy race absent a climate bill"
Clean-energy investments are moving ahead even without an international agreement to limit carbon dioxide, Bloomberg New Energy Finance Chief Executive Officer Michael Liebreich said.
Investment last year in wind turbines, solar panels and other technologies that emit little or no CO2 pollutants declined 6 percent last year, Liebreich said today in a television interview at the start of a summit in London.
Former President Bill Clinton urged Senate Democrats to pass a climate bill this year during their weekly luncheon on Tuesday, arguing that legislation would spur innovation and create new jobs.
Clinton aimed his remarks at moderate Democrats, who fear taking up another controversial bill in the midst of an economic recession and just months before the midterm elections. To reassure them, Clinton distributed polling data showing support for a comprehensive climate bill.
Former President Bill Clinton told lawmakers the U.S. may fall behind China in the race to dominate the global market for clean energy unless Congress passes climate-change legislation, two senators said.
“There’s concern about whether America is going to remain the competitive economic force that we’ve been,” Joseph Lieberman, a Connecticut independent, told reporters today after Clinton spoke to Senate Democrats at the Capitol.
Never has the political climate in Virginia so favored offshore drilling.
Most Virginia leaders — regardless of their political party — have expressed interest in joining Alaska, Texas, Louisiana and other states in setting up offshore platforms to drill for oil and natural gas.
Gov. Robert F. McDonnell and fellow elected Republicans strongly back the proposal, as do most members of the state’s congressional delegation, including both U.S. senators, who are Democrats.
Senior Obama administration officials say the nation’s economic recovery could stall if Congress doesn’t pass a climate bill this year.
The officials warn that investors are so uncertain about the future cost of emitting greenhouse gases that they are sitting on capital rather than pouring it into “clean” technology, new power plants or energy-intensive manufacturing.
Government stimulus funds will provide some needed fuel to a cleantech sector buffeted by the global recession and sharp declines in solar prices, says a new report.
Total investment in clean technology last year fell 6.5% worldwide to $145 billion, partly due to a weak market for initial public offerings and investment cutbacks by venture capital firms. So says the “Clean Energy Trends 2010″ report released Tuesday by research firm Clean Edge.
Climate bill supporters are leaning toward exempting big oil companies from a broader cap on greenhouse gases as a way of winning critical support from industry players and key lawmakers.
The three co-authors of the Senate climate bill hope the proposal “” backed by several large oil companies “” will bring a new set of players to the negotiating table.
A group of 29 state governors has for the first time submitted to the White House and Congress a list of recommendations to implement renewable energy nationwide. The move reveals growing impatience with Washington’s inability to put forward a new energy-climate bill to stimulate growth of solar and wind industry jobs.
With the capitol still consumed with healthcare legislation and the likelihood of a national bill that combines climate and energy dimming rapidly, many states with renewable energy in their backyards are agitating for job creation from wind, solar, and biomass energy development.