Green Options

Probably the biggest news piece this week was Obama’s State of the Union address. David Roberts of grist seemed to hate it. Whereas often like-minded and equally critical Joe Romm of Climate Progress actually seemed to love it.

Dan Harding of CalFinder had mixed reactions, first “feeling passion stir deep within [him] and tingles of inspiration buzz beneath [his] skin,” then thinking that “[Obama's] speeches have grown more and more centrist.”

Immediately after reading those first two reviews (David and Joe’s), the idea for this article came to my mind. Who’s more powerful than the President of the United States of America?

You don’t often see affordable housing and solar power being combined. There have been a couple of projects in San Francisco and San Diego in the past year. But Sunwheel Energy Partners just went way beyond that — it just finished a major solar installation on affordable housing units in San Francisco and it hired the residents to install the photovoltaics.

This great project was part of San Francisco’s larger GoSolarSF initiative (launched by San Francisco Mayor and contributing author on CleanTechnica Gavin Newsome).

Business leaders from a diverse range of sectors and interests have called on Obama and Congress to make clean energy legislation a reality this year. Together, they have written a letter to Obama and Congress urging them to realize that we are very quickly being left behind by Asia, Europe and others on the technologies and jobs of the future.

The “We Can Lead” companies include eBay, Starbucks, Nike, Timberland, Hewlett-Packard, Gap Inc., Virgin America, Exelon, PG&E, and dozens of others.

Why are they behind climate and energy legislation? Among other reasons (i.e. we need it to address human-induced, super fast, catastrophic climate change), these businesses make the point that it would create 1.7 million new jobs in the US.

India has been a bit of a wild card on climate change and clean tech issues. Like China (but not to the same extent), India made the Copenhagen climate negotiations more of a challenge, reluctant to commit to internationally binding targets and international transparency. One day they weren’t willing, then they might be, then they weren’t again. Then, they finally committed to cutting their carbon intensity 20-25% by 2020.

But without a stong, legally-binding, widely-accepted agreement, we are all left wondering what they (and others) will actually do.

Now, we are actually seeing India steam forward. Indian Prime Minister Manmohan Singh, following Copenhagen, said, “There is no escaping the truth that the nations of the world have to move to a low-greenhouse-gas-emissions and energy-efficient-development path.” He said that India “must not lag behind” in low-carbon technologies. Jairam Ramesh, Indian environment minister, followed this up by saying that India would go ahead with its carbon intensity reduction plans (above) even despite the lack of a strong agreement. “We’ve got to do what we’ve got to do,” he said.

And just this week, India announced it is launching its “National Solar Mission” which includes creating enough solar power that it could power about 20 million US houses.

It has more going on this month, too.

That’s right, you read the headline correctly. Republican Senator Lindsey Graham from South Carolina is getting censored by his own colleagues because of his clean energy, reduce greenhouse gases and carbon pollution, improve energy security message, but he is not letting up.

The Senator gave a speech this week that looks like it could have been given by Obama or Al Gore.

Even without a strong, legally binding agreement in Copenhagen, investors have faith in clean tech and say that a couple of other things are more important than the international agreement for 2010 clean tech investment.

A London-based green investment firm, Earth Capital Partners (ECP), aiming to create a €750 million ($1 billion) renewable energy fund, announced this last week that it had reached its first round fund-raising target. By November 2010, it hopes to reach its total goal of €750 million.

The company is happy with this progress and believes there is demonstrated investor interest in this topic now. Even without an international, legally binding agreement to reduce greenhouse gas emissions and promote clean energy, investors are moving forward on this.

With the amount of capital ECP is raising, what types of energy this investment firm is specifically interested in is important. They seem to be aiming at specific sectors of the market.

The World Wildlife Fund (WWF) just released a comprehensive global report, and the first country by country ranking, of clean energy technology sales.

The clean energy sector is on the verge of becoming the third largest sector in the world now. The report — Clean Economy, Living Planet - Building Strong Clean Energy Technology Industries — finds that Denmark is currently the leading country in clean energy sales (relative to GDP), Brazil is second and Germany is third (the top three in absolute terms are Germany, the US and Japan).

With the sector booming, there is much opportunity for growth in these countries and others now. The report delves into how the countries currently leading the world got to the top and makes a short list of best practices.

Clean energy technology sales were about $921 billion in 2007 (€630 billion), but are expected to become about $2339 billion per year (€1600 billion) in 2020. At that volume, the sector is expected to only be behind automobiles and electronics in global sales. This is even without a strong, binding deal in Copenhagen.

Kim Carstensen, leader of WWF’s global climate initiative, says: “This is the clean economy growth happening now with only a partial Kyoto protocol international framework supporting clean energy development, patchy national support for green energy and huge subsidies to fossil fuel use.”

I think the growth in the future is liable to skyrocket with more and more countries getting serious about stopping human-induced catastrophic climate change. Plus, clean energy is an economic benefit for countries as it creates more jobs for the countries’ citizens.

Donald Pols, Head of the Climate Programme at WWF-Netherlands, says: “Clearly, from a national perspective there is much to gain and nothing to lose from investing in clean energy.”

Where do the US and the UK fit into this matter? And what are their and other countries’ best chances for becoming industry leaders?

Hudson Clean Energy Partners (HCEP) set a $1 billion target for its first fund, a new clean energy investment fund, and just announced this week that it has reached its target despite the difficult economic conditions worldwide.

Led by two industry veterans with much individual success, HCEP is looking to help spur and capitalize on a great global push for clean tech and clean energy (including renewable power, alternative fuels, energy efficiency and storage). The firm seems to show a lot of faith in solar power technology, in particular.

Quick: name five Finnish clean tech start-ups. You may have trouble with that one… in fact, you may have trouble naming any Finnish companies beyond Nokia. That doesn’t mean that such companies don’t exist; rather, as I heard from a number of business people and entrepreneurs this past week during the Finnfacts Clean Technology Blogger Tour, modesty is a big part of the Finnish national character (as much as such things exist, anyway). The bold, even brash, tech entrepreneur? They’re in relatively short supply here.

While many Finns may lack a strong desire to self-promote, there’s clearly no lack of innovation here… all of us on the tour saw numerous developments with which we were greatly impressed. That creativity will play a big role in making sure this small country has a role to play in the global shift towards a low-carbon economy. The other big factor that struck all of us in the tour group: Finland’s methodical creation of a infrastructure for knowledge-sharing and financial support.

A new survey shows that 92% of Americans think developing and using solar power is important. The results cross political boundaries and favor solar over all other energy sources.