Posts Tagged ‘economy’

Is Recession Good for the Environment?

Watching a stock ticker in 1929. (Image credit: U.S. government at Wikimedia Commons, released into public domain.)Whether or not we’re actually in a recession (it feels like one from where I’m standing), there’s been a lot of discussion about if that could be a good thing for the environment.

The pro side’s argument goes like this: Yes, because people spend less during a recession. That means fewer miles driven and flown, fewer factory items shipped, more items reused and recycled rather than replaced.

Sounds logical, right?

Obama’s New Carolina Ad Rejects Gas Tax Break

In a recent post, my colleague Jennifer Lance asked whether Hillary Clinton can take on big oil. Among other things, Jennifer concluded that despite the good intentions of Senator Clinton,”A gas tax holiday will not solve the problem of peak oil.” And that is exactly the same message the Obama campaign wants to deliver in an ad now running in North Carolina ahead of next Tuesday’s primary.

The commercial denounces the proposed gas-tax cut, a proposal which Senators Clinton […]

Bush Blames Congress for High Electricity, Food, And Gas Prices

ANWR, EIA, Graph, oil production

This morning on NPR, President Bush tried to blame congress for the nation’s high gas, food, and electricity prices. Apparently, Congress has been thwarting the President’s attempts to fix the economy:

“I’ve repeatedly submitted proposals to help address these problems,” the president said. “Yet time after time, Congress chose to block them.”

High Winds + Wind Farms = Falling Electricity Prices

euro_storm_nasa.jpgThe powerful winter storms that moved across Europe in March precipitated a considerable spike in electricity supply on the European grid, thanks to continental wind farms.

Wind speeds of 100 mph were recorded across Europe and topped 135 mph at the Czech Republic’s highest mountain, Snezka. The surplus electricity on the grid, produced mostly by German and Danish wind farms pushed prices down by 12% on the spot market.

Traders buying and selling round-the-clock power reported that the ‘day ahead’ price in central Europe’s power market dropped to €49.5 ($76) per megawatt hour compared with €56 at the end of the previous week, according to a piece at Planet Ark. Unfortunately, the article also suggests that sudden drops in electricity prices on the spot market have little effect on end-use rates.

European Union Defends Biofuel Targets As Food Prices Soar

EU, european union, biofuelsDespite intense debate surrounding the growing global food crises, the European Union today defended expanding the use of biofuels in all 27 member countries. Part of the EU’s climate change package, the current proposal sets a target of meeting 10% of transportation fuel with biofuels by 2020.

As I reported last week, Europe’s EPA advised suspending the EU’s biofuel targets until a comprehensive environmental analysis could be completed. Barbara Helfferich, spokeswoman for EU Environment Commissioner Stavros Dimas, said no way is that going to happen:

“You can’t change a political objective without risking a debate on all the other objectives,” meaning that changing biofuels targets could lead to questioning the entire climate change package.

“Perfect Storm” Inflating Food Prices Worldwide

bread, food, grain, biofuelsAdding to the ongoing discussion about biofuels affecting worldwide food prices (see Biodiesel Is Raising Food Prices), NPR’s Morning Addition briefly interviewed World Bank President Robert Zoellick last Friday.

Zoellick called it a “perfect storm of things coming together…” and listed 7 different issues contributing to the increasing cost of food, which led to rioting in Haiti and Egypt last week, along with a general strike in Burkina Faso:

Biodiesel Myth (Or Fact?) #23: Biodiesel is Raising Food Prices

soy, soybeans, field, agriculture, biodiesel, biofuel

Increased world demand for grains and vegetable oils due to population growth (esp. in China and India), the weak dollar, agricultural production problems around the world, and $100/barrel oil are some of the driving factors accounting for increasing food prices.

After covering 22 of the most popular myths about biodiesel, I realized I’d only given lip service to a major issue: increasing food prices. In Myth #2, I mentioned that the goal of biodiesel production is to move away from food-based feedstocks.

But until that happens, the question remains: if I use biodiesel made from soybeans right now, am I contributing to the larger problem of increasing commodity prices and starving poor people?

Solar Panels and the Quest for $1/Watt

Courtesy of lindatxikiakalea via FlickrIf solar panels cost $1/watt, you can sell them (installation included) for $2/watt. Coal (installation included) costs $2.10/watt. To date, solar is still reaching to compete with coal, but the margins are closing. To (over)simplify how this works, you need to ignore issues like subsidies, qualitative costs, or kinks in the supply chain, and boil it down to money. Two hurtles that must be jumped before photo voltaic solar cells become cheaper than coal: efficiency and production cost. Fortunately the solar industry has already made important gains in both. Today, we’re going to talk about two types of solar panels: silicon and thin-film, and solar’s quest for $1/watt.

Tangled Up in Green: Playground Politics in a Global Market

Presidential election campaign 2008 is well underway. And already the grade school politics are brought to the election playground.
Obama and ClintonIn recent news, both Democratic front runners, in an attempt to woo voters, called for renegotiations of NAFTA. They also threatened to pull out of the trade agreement if U.S. demands aren’t met. Clearly a case of, “do what I want because our economic and military might can beat up your economic and military might.”

The North American Free Trade Agreement, has been under scrutiny since its inception.

Thankfully we have Republican Candidate John McCain to defend this groundbreaking trade agreement.

NAFTA isn’t perfect. It was the first time a free trade agreement existed among such economically disparate countries. It was definitely a great experiment, and a lot has been learned from the results. There is no denying that there have been significant advances in a globally sustainable market that was enabled by NAFTA.

US Will Export $440 Billion For Oil In 2008

money

How much does business-as-usual cost? This morning, Green Car Congress reported that the US is projected to pay $440 billion for imported petroleum in 2008:

The increase to the estimated $440 billion for 2008 is based on an average $90 per barrel crude oil price for the year. In 2002, before the current bull market for oil began, US oil imports cost less than $103 billion. The preliminary figures for last year came to some $327 billion.

With little prospect for cheaper gas prices in the future, any decrease in the US export bill will have to come from a reduction in petroleum usage.

Which brings to mind two important questions:

  1. What percentage of our Gross Domestic Product will the US have to export before things start to change dramatically?
  2. Where is all this money going, anyway?

It’s Not the Economy; It’s the Environment!

354513329_911883e804.jpgAs I monitored the results of Tuesday’s primaries, mostly thanks to my Twitter friends, I was once again struck how the candidates and general population are ignoring the greatest issue facing human kind: climate change. Media outlet after media outlet proclaimed the economy as the greatest concern of voters; however, the connection to the environment seems to be lost in the hype. Not only is environmental degradation caused by our hunger for rapid, continual economic growth, but the environment also offers the solution to leading us out of recession.

Whether you like it or not, we live in a corporatocracy where decisions are made in favor of short term profits in contrast to the long term effects on our environment. When we expect that our economy will perpetually grow without considering the environmental consequences of corporate decisions, we are doomed. This is what the presidential candidates should be talking about: how can we ensure a stable economy that protects the environment. The solution is green jobs.

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