Editorial: Game Over for Climate Legislation

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By Bart King The game is over for federal climate change legislation in the United States, and we lost. A majority of lawmakers in both houses of Congress, a motivated administration, a devastating oil spill and a willing public were not enough to establish a new energy policy that would reward renewable resources and phase out the use of fossil fuels. Hopes were high when our basketball-loving president came in with a numerical advantage in the Senate and the House of Representatives. The financial crisis ate a lot of time off the clock, as did the struggle to win on health care and pass Wall Street reforms. Along the way, Democrats lost the supermajority when one of their key players went down, and team unity dissolved as moderates, with eyes on midterm elections, became more interested in scoring points for corporate farms and coal companies. In the end, team climate change never even got a good shot off. I was one of those overly optimistic fans who thought we could win it all—a strong cap-and-trade program combined with an ambitious renewable energy standard requiring the production of 25 percent renewable energy by the year 2020. But as the season progressed, […]

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Weekly Clean Energy Roundup: August 18, 2010

Global Clean Energy Investment Steady in Q2 California’s Ivanpah Solar Tower Project Moves Forward DOE Loan Solicitation for Renewable Energy Manufacturing DOE Designates National Marine Renewable Energy Center U.S. CO2 Emissions to Increase 3.4% in 2010 Global Clean Energy Investment Steady in Q2 Investments in clean energy technologies, companies, and projects held steady in the second quarter (Q2) of 2010, according to Bloomberg New Energy Finance. $33.9 billion flowed into clean energy, led by a "continuing boom" in China and some upward movement from the US that helped offset a drop in European projects. Overall, Q2 investment fell 1.5% from Q1. $28.9 billion was in asset financing -with China getting $11.5 billion of that. Asset financing in the US rose from $3.5 billion in Q1 to $4.9 billion in Q2. While the public markets didn’t results, Tesla Motors’ IPO was an exception. Tesla’s June 28 IPO raised $184 million, net of commissions and expenses. Bloomberg New Energy Finance forecasts 2010 total new clean energy investments at $180-$200 billion. See the Bloomberg New Energy Finance press release and the Tesla press release. California’s Ivanpah Solar Project Moves Forward On August 12, the California Public Utilities Commission (CPUC) approved a power purchase […]

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