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McKibben To Wall Street Journal: ‘Fossil-Fuel Companies Have Become Outlaws Against The Laws Of Physics’

Bill McKibben has a letter responding to an error-riddled Wall Street Journal op-ed — though I guess that’s redundant. This one attacks clean energy and the fossil-fuel divestment effort McKibben supports.

McKibben writes:

Robert Bryce’s Dec. 17 op-ed (“Harvard Needs Remedial Energy Math“) attacking campus efforts to have universities divest themselves of holdings in fossil-fuel companies is interesting for what it omits: even the slightest attempt to rebut the mathematical logic that shows fossil-fuel companies have become outlaws against the laws of physics. Here are the numbers: In order to prevent the two-degree Celsius rise in temperature that even the most conservative governments on earth have committed to avoiding, scientists tell us we can burn enough coal and oil and gas to produce 565 gigatons of CO2. Unfortunately, the planet’s fossil-fuel companies, and the countries that operate like fossil-fuel companies (think Venezuela and Kuwait), have five times that much in their reserves. It’s what their share prices are based on; they obviously plan to burn it; indeed, they spend hundreds of millions of dollars daily looking for more. If their business plan is carried out, the planet tanks.

Mr. Bryce is entirely correct that it will be hard to move away from fossil fuels, an enormous engineering challenge. But the Germans are demonstrating it can be done, and the most recent studies shows that we could rely on renewables for our power upwards of 99% of the time as early as 2030 if we got to work. Which we won’t, if the fossil-fuel industry continues to exert its massive financial muscle to block change. That’s why students in 189 campuses have so far risen up to demand divestment—this is the great moral challenge of our time, and maybe, given the stakes, of all time.

Bryce, of course, is one of the most debunked disinformers on the face of the Earth, who famously wrote (in the WSJ of course), “If serious scientists can question Einstein’s theory of relativity, then there must be room for debate about the workings and complexities of the Earth’s atmosphere” (see “Robert Bryce Makes Mockery of Science, Is Mocked in Return“). Hmm, if Bryce can be dead wrong about Einstein, then he’s probably dead wrong about everything else.

Bryce works for the Manhattan Institute, which “has received millions of dollars from donors tied to the fossil fuel industry” and the Kochs to spread pro-fossil-fuel messages.  Media Matters’ post, “Who Is Robert Bryce?” has more detail.  See also

Bryce’s nonsense is not worth debunking in detail — one could waste a lifetime doing that. But given that he claims “Harvard Needs Remedial Energy Math,” it’s worth noting one of his own countless instances of innumeracy, the tired “wind power uses too much land” myth:

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The Year In Solar Power: Prices Crash, Sales Soar, Industry Restructures, Saudis Leap In, CSP Suffers

by Vince Font, via Renewable Energy World

This year was a big year for solar, both domestically and globally, with some unlikely players throwing their hats into the ring and upping the ante on achievable power generating capacity. Here’s a wrap-up of some of the year’s most impactful events in the solar industry, with a little added perspective from some experts in the field.

Financial Innovation and Collaboration Takes the Solar Cake

If you ask Tom Kimbis what he thinks was one of the most important developments of 2012 for solar energy, he may tell you something you didn’t quite expect to hear. Kimbis, VP of External Affairs for the Solar Energy Industries Association (SEIA), says that much of the credit for what’s being seen as a landmark year for downstream solar growth belongs not to technical innovations, but financial innovations — the kind that are making it increasingly possible for people everywhere to be able to afford solar without having to take out a second mortgage on their homes.

“Innovation can take place throughout the entire value chain,” Kimbis said. “We’ve seen phenomenal innovation with the various leasing and third party ownership models that have driven the markets in the U.S. forward more than the increase in cell efficiency.”

According to the U.S. Solar Market Insight Report, which was released by SEIA and GTM Research, 2012 has seen total installed solar capacity in the United States reach 1,992 MW. This far exceeds the annual total capacity reached in 2011, which was 1,885 MW — a not inconsiderable accomplishment, considering that 2012 isn’t even over yet. There were 684 MW of solar capacity installation in the third quarter of 2012 alone, and in that same time frame the residential PV sector installed over 118 MW of capacity.

Kimbis credits the biggest quarterly growth yet for U.S. residential PV to an increase in third party solar leasing options for consumers, which he likens to financial options that car buyers have — where instead of having to pay cash, leasing or financing options help make ownership a possibility. “Overcoming that first cost issue is what the third party ownership’s all about,” Kimbis said.

Upstream financial collaborations also led to the green lighting of numerous global projects in 2012, including the Letsatsi and Lesedi solar farms in South Africa. Both were made possible by dollars from U.S. developer SolarReserve and two local companies, Intikon Energy and Kensani Capital. In Peru, OPIC came together with Latin America’s development bank CAF and investment firm Conduit Capital Partners for the funding of two solar projects that will result in a combined solar capacity of 40 MW.

Oversupply Goes Up, PV Cost Goes Down

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