Mid-August 2009 poll results

A Washington Post – ABC News poll from mid August included questions on how the President is handling energy policy. The results showed very strong support for energy efficiency as a way to fight climate change. The accompanying published article, however did not mention efficiency and instead talked about solar, wind, nuclear (including the NIMBY issue) and transportation.

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President-elect Barack Obama wants the nation to derive 10 percent of its electricity from renewable energy sources by 2012, up from 2 percent today. That comes on top of the global push for green power, making wind and solar power companies a good bet.

It’s been a rocky road for the high flying sector, recently as the credit crunch has reduced investors willingness to capitalize any company, least of all those involved in risky new ventures. But, that hasn’t stopped big names like T. Boone Pickens from investing in wind power and..

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The recent $700 billion bailout package has extended tax credits to wind and solar energy companies. However since mostly all renewable energy projects depend upon project financing, it is suspected that only large utilities will actually benefit from the tax credits. However, companies such as Carbon Sciences, Inc. (CABN) are proving otherwise.

Transforming CO2 to Fuel

Carbon Sciences, the developer of a breakthrough technology to transform harmful carbon dioxide (CO2) into high value, earth-friendly products such as precipitated calcium carbonate (PCC) is now developing a breakthrough technology to transform CO2 into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other portable fuels.

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The world economy might be in recession, however, carbon emissions are at an all time high. According to a new analysis by the nonprofit and nonpartisan Environmental Integrity Project (EIP) of data from the U.S. Environmental Protection Agency (EPA) U.S. power plant CO2 emissions jumped 2.9 percent in 2007, the biggest single-year increase since 1998. More than ever, companies need to commit to taking steps against global warming.

The $700 billion bailout package recently issued by the U.S. government favors supply-side economics. The bailout package included tax credits for renewable energy industries most notably for wind and solar energy manufacturers. The general view is however that larger utilities will benefit as opposed to smaller renewable energy players that remain dependent upon project financing.

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