Climate Technology

WTO may slash tariffs on green goods

The United States and European Union have proposed that the 151 members of the World Trade Organization agree to slash tariffs on at least 43 “green” goods — solar panels, wind turbines, and the like — to boost their global use. A recent World Bank study suggested that removing such barriers to trade of clean-energy […]

Xerox substantially reduces emissions, pledges to do more

In 2002, Xerox Corp. pledged to reduce its greenhouse-gas emissions 10 percent by 2012. With four years to go, the company has in fact reduced emissions by 18 percent, and has boosted its goal to 25 percent by 2012. Xerox says it saved $18 million last year through practices like increasing manufacturing efficiency and reducing […]

Apparel companies hire climatologists to predict consumer trends

In the good old days, the only constant that the fickle fashion industry could rely on was the changing of the seasons — now, it can’t even rely on that anymore. A run of unseasonably warm winters has led some apparel companies to hire staff climatologists who help predict when consumers will be in the […]

Businesses urge policy for cutting greenhouse-gas emissions

More than 150 international companies have signed on to a petition begging diplomats meeting in Bali next week to come up with policy aimed at cutting global greenhouse-gas emissions at least in half by 2050. The companies — Shell, Coca-Cola, Dupont, British Airways, Rolls Royce, and many, many, more — “urge world leaders to seize […]

If you lost money in beans.com, these are for you

If you want to invest in the stock market but have better things to do than read SEC 10Qs, what to do? Invest in mutual funds. If you want to invest in top quality environmental or energy advocacy and want to maximize return while minimizing risk, what to do?

The New Progressive Coalition has a new idea: nonprofit mutual funds. Check out their Energy Independence and Environment offering. Blue chip all the way.

Over 150 companies worldwide sign climate petition in advance of Bali

More than 150 companies worldwide, representing some $4 trillion in market valuation, have signed the Bali Communiqué: As business leaders, it is our belief that the benefits of strong, early action on climate change outweigh the costs of not acting: • The economic and geopolitical costs of unabated climate change could be very severe and […]

How corporate control of produce markets squeezes workers, farmers, and consumers

As most Grist readers know by now, a few giant corporations essentially control the meat industry — they lock up the bulk of the profits and impose harsh terms on farmers, workers, livestock, and the environment. The meat they produce evidently damages those who eat it as well. Things aren’t much different in the fresh […]

Is Google betting on a carbon tax?

Google Inc. has a new project, "Renewable Energy Cheaper Than Coal." Google is preparing to bet megabucks, mega-engineers, and its cutting-edge reputation on its ability to propel solar thermal power, wind turbines, and other renewable electricity up the innovation curve and under the cost of coal-fired power, Reuters reported Tuesday.

"Our goal is to produce one gigawatt [1,000 megawatts] of renewable energy capacity that is cheaper than coal. We are optimistic this can be done in years, not decades," said Larry Page, Google's cofounder and president of products, according to Reuters.

To which we at the Carbon Tax Center say: Good luck, and don't forget to hire the lobbyists. You're going to need them to help win a carbon tax, because without the tax, your goal of renewable energy cheaper than coal is likely to remain out of reach.

Google funds R&D to make clean energy cheaper than coal

Google has made a humongous announcement — which goes without saying, since everything Google does is humongous — of plans to heavily fund R&D of renewable-energy technology, focusing on wind, solar, and geothermal power. Calling the project Renewable Energy Cheaper Than Coal (or RE<C), Google has an end goal of cleanly produced electricity that’s less […]

Duke wins approval for a $3100/kW plant

From E&E News ($ub req'd): Indiana has approved a $2 billion, 630 MW integrated gasificiation/combined cycle coal plant.

Two billion divided by 630 MW = $3,174/kW.

If we assume that coal equity investors expect to recover their investment over 20 years, with an 11 percent return, that works out to 5.7 cents/kWh just to pay off the capital for the power plant. Add in another 3 cents or so for transmission and distribution, and a couple cents for fuel and operating costs, and this plant will work out to over 10 cents in retail prices.

This in a state where the current average retail electric rate is 6.79 cents/kWh.

So why was it approved? Simple:

"In the Midwest, coal is plentiful and low-cost, and finding ways to burn it cleanly is fundamental to meeting our customers' demand for power," Duke Energy Indiana President Jim Stanley said in a statement.

The head spins.

Excerpts of the story below the fold.