Clean Tech Sector

Clean Tech Sector

Remember the Arab oil embargo of 1973? It ushered in a short-lived period of investment and innovation in clean energy. It lasted until the price of oil dropped, in what ranks as one of the great moments of short-sightedness in recent memory. Imagine where we would be now, 35 years later, if we had then kept on the path of clean energy innovation. Oh, the riot of lost possibilities!

Take a look at what Brazil accomplished in that time. It's sugar-cane ethanol industry is now the envy of the world, providing 30% of the nation's auto fuel, jobs to 700,000 workers and $50 billion of unspent cash from foreign oil expenditures it didn't have to make.

Now that the price of oil is again in the stratosphere with no sign of descending and national security is again threatened, the clean tech sector in the US is booming, this time, we hope, for good.

What are the venture capitalists and entrepreneurs of the clean tech sector promising? All the new electric generating capacity by 2025 -- 600 gigawatts worth. What do they need to keep their promise? The kind of tax incentives and federal support now largely reserved for the oil industry. Many predict it will unleash the drivers of rapid economic growth for the century ahead of us.

 

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Resources

California Green Innovation Index (Report)

This report from Next 10 explains how and why California has grown its robust economy for three decades AND is still greener than any other state. Contains big lessons for federal climate policy.

Clean Energy Blueprint (Report)

This report from the Union of Concerned Scientists outlines the policies needed to meet at least 20 percent of America's electricity needs from renewable sources by 2020. The measures would save consumers a total of $440 billion, reduce use of coal by nearly 60 percent, and avoid the need for new power plants.

How Biofuels Could Starve the Poor (Report)

It takes 450 pounds of corn to produce enough ethanol to fill the 25-gallon gas tank of an SUV. That corn also contains enough calories to feed one person for one year. This article from Foreign Affairs shines a light on unintended consequences of the US rush to produce and consume biofuels to replace dependence on foreign oil.

Clinton Global Initiative (Organization)

Examine close to 200 climate solutions to which members of this initiative have committed themselves.

The Business of Climate Change (Report)

The report considers the accelerating likelihood of climate policy being adopted, both in the US and globally, and assesses its impact on business. Cogent sections on science, carbon credits, the Stern report, and much more.

Positive Business Implications of Climate Change (Report)

From the Global Reporting Initiative and KPMG, this report finds that most companies are believe the business opportunities of responding to global warming are greater than the risks.

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