Climate Technology

Another day, another trillion dollars for the clean-tech industry

It seems that a day doesn't slip by without someone raising the stakes in the alternative-energy poker game.

The most recent bombshell wager: Cambridge Energy Research Associates report that alternative energy investments will -- hold on to your hats! -- top $7 trillion by 2030. That's an audacious number by any measure, and normally it would be enough to suck the oxygen right out of a convention of wind-farm enthusiasts. But that's not the half of it. The most startling aspect of the report is that it barely raised a ripple in the investment community.

And why should it?

Cadbury eggs will come with less packaging

Cadbury Schweppes, the maker of the Easter season’s omnipresent sugar-yolk-in-a-chocolate-shell, has unveiled an alleged “eco-egg.” No, the goopy white innards aren’t organic; no, the chocolate isn’t fair trade. The “eco” aspect comes merely from the eggs being sold unboxed, reducing packaging waste. So which came first, the greenwashing or the egg?

Mattel, Toys “R” Us to phase out cadmium batteries, citing toxicity

Toy giants Mattel and Toys “R” Us have announced they will phase out cadmium batteries due to their toxicity and the associated health problems they can cause at the factories in China that produce them. Scores of factory workers have been sickened by cadmium, which can cause lung cancer, bone disease, and kidney failure, but […]

Haagen-Dazs says CCD could interrupt your ice cream fix

As I and many others have pointed out, the loss of as much as 70-80 percent of the US honeybee population to Colony Collapse Disorder is a far greater concern than missing that spot of honey in your lavender soy chai.

Premium ice cream maker Haagen-Dazs has joined in to sound the alarm about CCD and the impact it could have on our food supply

Haagen-Dazs is warning that a creature as small as a honeybee could become a big problem for the premium ice cream maker's business.

At issue is the disappearing bee colonies in the United States, a situation that continue to mystify scientists and frighten foodmakers.

That's because, according to Haagen-Dazs, one-third of the U.S. food supply - including a variety of fruits, vegetables and even nuts - depends on pollination from bees.

Haagen-Dazs, which is owned by General Mills, said bees are actually responsible for 40% of its 60 flavors - such as strawberry, toasted pecan and banana split.

When major corporations who are not "on our side" -- as it were -- begin to notice what environmentalists have been saying and sometimes shouting about for a long time, it means that our message is finally getting through.

Perhaps the Chicken Little accusations will subside now that the corporate apologists wives' supply of white chocolate raspberry truffle could be interrupted.

MBA students do care about green issues, contrary to BusinessWeek article

Do today's MBA students care about the environment? You'd answer "no" if you took seriously a January BusinessWeek article by Derek Thompson, which was based on a recently released study by the communications consulting firm Hill & Knowlton.

BusinessWeek is an authoritative publication, with the largest U.S. circulation of any business magazine. But even if you can't balance your checkbook and wouldn't recognize a cash flow statement if one bit you, there's no need to abandon common sense when reading the magazine.

The headline of Thompson's piece reports the finding that "A good environmental reputation doesn't make the grade when it comes to rating a company as a prospective new employer." This assertion is based on the fact that "only 34 percent" of MBA students participating in the Hill & Knowlton survey consider a prospective employer's "environmental or green policies" to be "'extremely' or 'very' important." But "only" 34 percent? Doesn't this figure support an opposite conclusion from the one the article trumpets?

Investors meet at U.N. to discuss how to stay wealthy amid climate change

Nearly 500 corporate leaders and institutional investors representing $20 trillion in capital met at the United Nations Thursday to discuss the risks and opportunities presented by climate change. The gathering called itself the largest ever meeting of investment types specifically convened to discuss climate change. Attendees mused about how they could continue to make money […]

Plan to combat warming by seeding ocean with iron runs out of funds

Planktos, the company that proposed fending off global warming by seeding the ocean with iron dust, has failed to get enough funding to go forward with planned tests. Under the Planktos business plan, iron fertilization would encourage phytoplankton blooms, which would suck up extra CO2, allowing the company to sell carbon offsets. But it was […]

Engineer plans to sell compressed-air car in India within a year

Could folks in India be driving a car that runs on compressed air within a year? French engineer Guy Negre says it will be so. Tata Motors has backed his invention: a five-seater called the OneCAT, which would produce no emissions and cost around $5,000. “The first buyers [of the car] will be people who […]

Congress needs to stop flirting with the renewable energy industry

This post is by ClimateProgress guest blogger Bill Becker, executive director of the Presidential Climate Action Project.

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When it comes to relationships, Congress is a big tease. Or so it must seem to the energy efficiency and renewable energy industries. Just when they think they're about to go to the altar with the federal government, Congress becomes the runaway bride.

Everyone who's anyone acknowledges that energy efficiency and renewable energy are indispensable to America's future. They promise greater energy independence, clean air, steady prices, infinite supplies, a lower trade deficit, and a way to begin minimizing the suffering that will result from global climate change.

Due to the urgency of global warming, the future must start now with rapid diffusion of the clean energy technologies that are ready for market. We must also expedite the development of new efficient and renewable energy technologies and the industries that make, sell, and service them.

To compete on the same playing field as oil, gas and coal -- our entrenched and heavily subsidized carbon fuels -- the clean energy technologies need federal help, including subsidies. For example, to help embryonic renewable energy industries reach viability, Congress implemented a Production Tax Credit (PTC) as part of the Energy Policy Act of 1992 and scheduled it to expire in 1999, seven years later. Since 1999, Congress has extended the credit for one to two years at a time and has allowed it to expire three times. It currently is scheduled to expire at the end of this year, along with a bundle of other tax benefits to encourage the use of more efficient windows, furnaces, and building insulation.

The result of this on-again, off-again subsidy has been boom-bust cycles for wind energy and the other technologies covered by the credit. Each time the PTC is renewed, renewable energy projects begin to blossom. Then, months before the next expiration date, investment stops because of uncertainty. In an analysis of the PTC's impact on the wind industry, researchers at Lawrence Berkeley National Laboratory concluded:

GMO giant Monsanto wows Wall Street, consolidates its grip on South America

While debate rages on Gristmill and elsewhere about whether biofuels are worth a damn ecologically, investors in agribusiness firms are quietly counting their cash. As corn and soy prices approach all-time highs, driven up by government biofuel mandates, farmers are scrambling to plant as much as they can — and lashing the earth with chemicals […]