Monday, March 26, 2007

Clean Energy Wants Level Playing Field

The clean energy industry, whose combined revenue jumped 39% last year, is calling on governments to implement three simple steps to ensure the greater use of responsible energy and that the US economy remains strong in the face of the coming low carbon economy. The recommendations are:

• A market-based national policy that will achieve a 60% to 90% long-term decrease of greenhouse gas emissions.

• A realignment of national incentives to stimulate new clean technologies.

• A clarification of company disclosure requirements from the SEC.

There call not only represents responsible policy, but also shows the untapped areas of economic growth available through addressing climate change. Oil companies in both the United States and Canada continue to receive billions of dollars in subsidies to help fuel their bottom line. If the clean energy industry is growing by almost 40% per year without a similar infusion of tax dollars, then there is more than an ethical reason for government to invest in reduced greenhouse gases and clearer skies - it's also business case no-brainer.

Link via DeSmogBlog


E. R. Dunhill said...

I'd be content if we could arrange a cap-and-trade scenario for carbon.
Also, if the public recognized the monumental give-away to extraction companies, I think there would be greater public demand for a level playing field. People should realize that oil, natural gas, and coal that lies within public land is owned by the public. The government provides this public asset to private companies for pennies on the dollar. The public then buys back this asset (plus legitmate added value) at a huge profit to the firm. There's nothing wrong with making a buck, but this sort of give-away has got to be mitigated.


Odiyya said...

needless to say i agree, in particular with a cap and trade. Unfortunately, business sees this as a direct cost put against their bottom line, and they throw up a lot of resources trying to ensure it doesn't occur.

If we can make it happen, i'm right there for it, but in the meantime if clean energy is already growing revenue by 40% per year, any policy shift that opens up the market for it is going to translate into an increase in responsible energy. That may end up being an easier way to get the ball rolling than in trying to take money out of the pockets of the most well funded lobby effort (fossil fuels) in the world.