Green Options

Clean tech has passed biotech and IT as the top venture capital (VC) investment category in the world. This is after investments in leading clean tech markets increased by 10% in the third quarter of this year.

Cleantech Group released findings on Wednesday showing that the cleantech sector “accumulated $1.59 billion across 134 companies” and this was 10% more than the $1.2 billion it had accumulated in the second quarter.

A new report released by the World Wildlife Fund (WWF) says that biotechnology is one possible solution to our climate change and our economic problems.

It could have a dramatic effect on CO2 emissions, and it could also be part of the new green economy. How much can it help? The report says it can reduce global emissions by as much as some leading countries emit in a year.

What is biotechnology? How can it cool our climate and give a boost to our economy? Is it an appropriate and safe solution to these problems?

Last month, Canada, the United States, and Australia announced unprecedented plans to join forces and commercialize genetically-engineered wheat, saying that biotechnology was crucial to the future of the wheat industry. The National Farmers Union of Canada, however, immediately refuted the tri-country claim, pointing out “the overwhelming majority of farmers in Canada are still opposed to the introduction of genetically-modified wheat.”

On June 1, fifteen organizations across Canada, the United States and Australia publicly confirmed that opposition with the release of “A Definitive Global Rejection of Genetically Engineered Wheat“, a powerful document speaking out against biotech wheat.

But the battle against GM wheat is not a simple one, nor is it restrained to select countries.

The chemical giant Bayer — the same Bayer which brought you aspirin, heroin and mustard gas, and currently manufactures a wide variety of pesticides, herbicides, polyurethanes and other questionable chemicals — has wrapped their toxic fingers around our rice.

This is nothing new. The company’s glufosinate-resistant LL62 genetically modified rice isn’t commercially grown, but that doesn’t mean that it hasn’t already entered the global food supply.

Editor’s Note: I was in Houston, TX, last week, celebrating the International Year of the Planet at the first ever joint meeting between the American societies of Soil Science, Geology, Crop Science and Agronomy. With a significant focus on biofuels, this conference was rife with interesting materials.

In what could be my biggest personal revelation since diving into the world of alternative energy, it dawned on me last week that the “western” biofuel players are certainly the loudest kids on the block, but not really the most important.

I spent a large part of my time at the conference just trying to sort out which of the dozens of excellent forums on biofuels, energy, and environmental quality I should attend. The rest of my time was taken up with trying to keep my head together enough to make sense of it all so I could convey it in a way that’s meaningful to you, my readers.

But, while running around like a kid in a candy store, I became aware that my understanding of biofuels was decidedly myopic. Up until last week, I was squarely focused on U.S., E.U., and, to a smaller extent, Brazilian policies — quite naturally and unapologetically, I might add. After all, I am a U.S. citizen and I have a profound connection to my country and it’s cultural peers.

Biotech company, ArborGen, is taking steps to eliminate the demand for rainforest logging. The plan: cultivate a half-dozen fast-growing, genetically modified tree species that can be harvested and sold for lumber cheaper than trees from the rainforest. The cost: a smooth $120,000 USD per square mile. The downside: it won’t change clear cutting for farming.