Advertising

The Seattle Times Company

NWjobs | NWautos | NWhomes | NWapartments | NWsource | Classifieds | seattletimes.com

Sunday, March 9, 2008 - Page updated at 12:00 AM

E-mail article     Print view      Share:    Digg     Newsvine

Amid the debate, energy gets cleaner

McClatchy Newspapers

WASHINGTON — Forget the arguments over whether global warming is real. Many American businesses and researchers are well past all that and are scrambling to find ways to make money in a world that must slash its use of fossil fuels.

Energy entrepreneurs have sparked an energy revolution that's just starting in the United States but already producing new ideas, more jobs and growing exports.

"You have a cavalcade of human intellect springing forth just when we need it," said Rep. Jay Inslee, D-Wash., a co-author of "Apollo's Fire: Igniting America's Clean Energy Economy."

"The ice is melting in the North Pole, but the ice also is melting to resistance to progress here in this country," he said. "It's a race to figure out who will win, and I'm betting on our grandkids."

But for renewable energy to really take off, the federal government will have to end subsidies for fossil fuels, put a limit on greenhouse-gas emissions and charge for putting carbon dioxide into the atmosphere, he said.

Congress is considering whether to create a regulatory system for greenhouse gases, and the Senate is expected to take a second look at extending tax credits to encourage renewable energy, a measure the House of Representatives already has passed.

But while Washington, D.C., debates, states and businesses are going to work.

Half of the states have passed measures to encourage the use of renewable energy, spurring power companies to seek new sources of electricity. States in the Northeast, Midwest and West have started to form regional carbon-trading systems to limit emissions.

Universities and colleges offer science, engineering and management programs to address global warming. Investors are funding new companies with fresh approaches to produce new sources of energy.

"Every forecast you hear about solar, wind and clean technology going forward, they're all wrong — by half. They're too small," said Joseph Stanislaw, a former economist at the International Energy Agency, which advises on climate change and other world energy policies, and a co-author of "Commanding Heights: The Battle for the World Economy."

He spoke at an international renewable-energy conference and trade show in Washington, D.C., this month attended by some 6,000 people from more than 100 countries.

A new report by the Renewable Energy Policy Network for the 21st Century, a policy group that promotes the expansion of renewable energy worldwide, found that renewable electricity-generation capacity reached an estimated 240 gigawatts worldwide last year, an increase of 50 percent over 2004.

advertising

Mohamed El-Ashry, the chairman of the network, said in a statement that so much has happened in renewable energy in the past five years "that the perceptions of some politicians and energy-sector analysts lag far behind the reality of where the renewables industry is today."

U.S. companies are investing in solar and wind power as well as in geothermal energy, better biofuels and the technology to harness the energy of tides, currents and waves.

The Federal Energy Regulatory Commission got its first applications for wave and ocean-current energy preliminary permits a few years ago, and in December it granted the first license for a wave power project, in the Pacific Ocean off Washington's Olympic Peninsula.

General Electric exports $15 billion worth of products each year, almost all in clean energy, its chairman, Jeffrey Immelt, told the nation's governors at their recent winter meeting in Washington, D.C.

Immelt said China and India eventually would have to clean up, and he wants to be the one selling products to help them do it.

"Our focus on the environment was never a soft feel-good initiative," Immelt said. "It was all about business and making money. And we're blowing away all the numbers. ... We are creating jobs. We are actually saving money by reducing our own carbon footprint."

Detroit automakers are trying to find a way to run cars on fuels that will be cheaper and cleaner than gasoline. They say they're getting close to a plug-in electric car that would reduce greenhouse gas emissions once clean electric-power sources are in place.

The nonpartisan American Council on Renewable Energy reports there are more than 42,000 megawatts of renewable-energy power-generation projects under development in 45 states, the equivalent of 75 large power plants.

In North Carolina, for example, Duke Energy is seeking bids for wind, solar and other forms of no-emission or low-emission energy to meet the state's requirement that renewables produce 12.5 percent of the energy it supplies by 2021.

"I think all utility companies are moving, even the ones we may have listed as laggards," said Andrew Brengle, a senior research analyst who covers utilities for KLD Research & Analytics.

"Renewable energy is one way to respond, and a lot of them are looking into it. Some are much farther along than others."

Copyright © 2008 The Seattle Times Company

Advertising

Buy a link here

Advertising

Marketplace

Enjoy 3 courses for $30, May 1-29
Dine at 23 new Seattle-area restaurants.
New Urban Eats, a dining event from NWsource.

View participating restaurants
Enter to win dinner for two

Advertising