Joseph Romm

Joseph Romm is the editor of Climate Progress and a senior fellow at the Center for American Progress.

Renewable Energy

Clean energy has highest return rate of any federal program

Cross-posted from Climate Progress. The National Academy of Sciences concluded in 2001 that a handful of clean energy technologies returned about $30 billion on a research and development (R&D) investment of about $400 million. The United States is an amazing venture capitalist when it comes to clean energy R&D. But the all-Solyndra, all-the-time stenographers of the status quo at the Washington Post put out this context-free nonsense: If you read the Post article (wearing multiple head vises), you’ll see that Mufson and the Post don’t understand the first thing about venture capital (VC), nor have they done even the minimal …

Climate Change

IEA’s bombshell warning: Act now or climate change is here to stay

Cross-posted from Climate Progress. The International Energy Agency (IEA) has issued yet another clarion call for urgent action on climate. Their 2011 World Energy Outlook (WEO) release should end once and for all any notion that delay is the rational course for the nation and the world. The U.K. Guardian‘s headline captures the urgency: World headed for irreversible climate change in five years, IEA warns If fossil fuel infrastructure is not rapidly changed, the world will ‘lose forever’ the chance to avoid dangerous climate change We must start aggressively deploying clean energy now through myriad policies, including a price on …

Energy Policy

Krugman: Only politics can delay energy transformation

Cross-posted from Climate Progress. Nobel Prize-winning economist Paul Krugman had another good column in The New York Times yesterday, “Here Comes the Sun.” He makes three key points. First, solar is rapidly coming down the cost curve — I’ve sprinkled a couple of the Climate Progress charts on this throughout this post. Second, fracking is overhyped. Third, the only thing that can stop the solar revolution in this country is fossil-fuel-driven politics: We are, or at least we should be, on the cusp of an energy transformation, driven by the rapidly falling cost of solar power. That’s right, solar power. …