Business & Technology

Brit's Eye View: Wise after the event

The insurance industry is making strides on climate, but has further to go

After another year full of unpleasant surprises, you’d think the insurance sector would be ratcheting up its response to big risks like climate change. The U.K. industry has about $15 trillion of assets under management, so the potential to play a significant role in getting others to factor in climate change looks substantial. A new initiative in London is showing the global industry how to go about it. ClimateWise was launched in 2007 by the Prince of Wales. His view was that “if insurance companies could take a strategic view across all aspects of what they do and look at …

The de-greening of America and China

How the U.S. and China can help, not harm, each other

So this is how it worked: Instead of greening our manufacturing base, amping up our recycling system, and competing on the basis of better production technology, we shipped our production to China, which is busy polluting itself and spewing carbon dioxide. In return, the Chinese took the hundreds of billions from sales to the U.S. and reinvested the money here, helping to make our sprawl even spawlier and our military even more wasteful. According to an article from The New York Times, “Chinese Savings Helped Inflate American Bubble”: In the 19th century, the United States built its railroads with capital …

Coal blogging is fun!

Coal front group sets up ‘Blogger Brigade’ to fight reality

Originally posted at the Wonk Room. The coal industry is attempting to organize bloggers to promote their false “clean coal” propaganda. The Reality Coalition, a group of national environmental organizations, have begun airing the message that “There’s no such thing as clean coal,” to counter the hundreds of millions of dollars spent by coal-powered corporations to pretend that coal is a “clean” fuel. So the American Coalition for Clean Coal Electricity (ACCCE) and Americans for Balanced Energy Choices (ABEC), essentially one coal propaganda group with two different faces, is fighting back with an email blast asking people to join their …

Idaho's progressive utility rules

Rewarding utilities for conservation success through ‘decoupling’

Utilities are among the few remaining large companies that are relatively solvent and profitable. Harnessing their might to offer retrofits for all would be a powerful step toward economic stimulus. But most utilities in Cascadia are conflicted about helping their customers save energy. On the one hand, they’re legally obligated to do it. On the other hand, if they do it successfully, they don’t make as much money. Resolving this conflict in favor of conservation requires an innovative form of utility regulation called “decoupling.” A decoupled utility makes profits not in proportion to its sales but in proportion to its …

Financing retrofits for all, II

Mysteries of on-bill financing revealed!

In my last post, I described a nonprofit bank’s program for financing building energy retrofits, as a way to speed the green-collar recovery. Here, I describe two new, innovative approaches to financing efficiency upgrades in buildings — meter loans and local improvement districts — and one old-school, utility-run approach that may be the best bet of all. First, though, a couple more points about the challenges of financing energy efficiency improvements in buildings. One big challenge is to guarantee that retrofits will save enough money to repay the loans, not only on average across all buildings but also in each …

Detroit goes green

If the automakers won’t, the city leaders will

Introducing the Detroit Office of Energy and Sustainability. Who woulda thunk it?

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