Climate & Energy

Price subsidy

How much of a subsidy is the Price-Anderson Nuclear Industry Indemnity Act?

The answer is perhaps as high as a hundred billion dollars. First some background. I testified in front of the Senate Environment and Public Works committee in July. In my testimony, “The High Cost of …

Where there's a drill, there's a way

New House bill combines drilling with tax extensions for renewables

A bipartisan group of House members has unveiled a new compromise energy bill, roughly along the lines of the Gang of 10 bill released in the Senate last week. “The National Conservation, Environment, and Energy …

Fannie, Freddie, and Mobile-Sierra

Government-guaranteed, for-profit businesses are inherently risky

Q: What do the banking crisis and the energy crisis have in common? A: They have both been created in no small part by government policies that have expressly incentivized risky behavior. For the banking …

IKEA invests in cleantech, may soon stock solar panels

Heading to IKEA for some meatballs and easy-to-assemble furniture? You may soon be able to pick up solar panels as well. The Swedish manufacturer plans to invest some $75 million in a handful of cleantech …

Rockin' out

Shipments of geothermal heat pumps grew 33 percent in 2006

Baseload geothermal power gets all the attention because it has such enormous potential for delivering low-carbon 24/7 power. But geothermal heat pumps (GHPs) are every bit as deserving of attention because they are the most …

Who's getting the oil money?

Obama favored by Exxon employees, but McCain has gotten more oil money overall

Barack Obama put out an ad earlier this week accusing rival John McCain of being “in the pocket of Big Oil,” and the Democratic National Committee launched Exxon-McCain 2008, a website to promote the idea …

Waste spending

Nuclear storage spending at Yucca jumps 38 percent to $96 billion

New nuclear power plants aren’t cheap. Neither is storing their waste. E&E News ($ub. req’d) reports on at Yucca Mountain: DOE has spent $13.5 billion since 1983, and figures to spend $54.8 billion on construction, …

Climate change will increase extreme rainfall, says study

Photo: Ali Nishan Climate change will likely lead to more powerful rainstorms, says a new study published in Science. Computer models may “substantially” underestimate the number of heavy rainfalls that will occur in a warming …

First as tragedy, then as farce?

Coal electricity prices: the new gas prices

In the next few years, Americans who have grown accustomed to some of the cheapest power in the world will start to see their rates rise, sharply, mainly because coal is rapidly getting more expensive. …