Green Options

This column highlights the top economic stories of the week.

While Detroit has benefited from Cash for Clunkers, foreign automakers have gained even more. Some critics of the program warned that because it let consumers buy domestic or foreign cars, Clunkers could end up spending more American tax dollars to help foreign companies than American ones. More on this story here.

With irresponsible banking practices taking the blame for bringing about the global economic crisis, there has been a surge of interest in Islamic finance.Now, a slew of academic courses are springing up to meet the demand of those wanting to break into an expanding market. According to ratings agency Moody’s, the global Islamic finance sector is worth $700 billion and has the potential to be worth $4 trillion. More on this story here.

n an effort to curb solid waste pollution, China banned the import of scrap polysilicon at the beginning of August, an effort supported by its current environmental laws according to its Environmental Protection Ministry. Scrap polysilicon is a low-grade form of silicon not pure enough to use in microchips. However, it can be used as a component of solar wafers, which contain a variety of types of silicon, including up to 30% scrap polysilicon. More on this story here.

In an effort to curb solid waste pollution, China banned the import of scrap polysilicon at the beginning of August, an effort supported by its current environmental laws according to its Environmental Protection Ministry. Scrap polysilicon is a low-grade form of silicon not pure enough to use in microchips. However, it can be used as a component of solar wafers, which contain a variety of types of silicon, including up to 30% scrap polysilicon.

Energy didn’t get a sniff in last night’s Obama press conference. That wasn’t really a surprise given the way that health care has elbowed its way into the political spotlight. You can count climate change among the “priorities” now in the shadows.

Tom Vilsack — former two-term Governor of Iowa, strong biofuels supporter, and former democratic candidate for president himself — has been leaked as President-elect Obama’s frontrunner for Agriculture Secretary.

From a biofuels standpoint, the choice of Vilsack would be a clear indication of the direction an Obama administration would likely take. As a political leader from a corn farming state, Vilsack has shown strong allegiances with the corn ethanol industry in the past and has been an outspoken advocate of alternative energy.