Seizing the Moment

All the hand-wringing about seized-up capital markets hasn’t stopped environmental visionaries from promoting their scenarios for a clean, green–and robust–economy. Indeed, many have seized  the moment to suggest that an all-out attack on climate change and pollution could be just what the doctor ordered.

They’re being egged on by the President-elect, who offered this nugget in a recent pre-election interview with Time magazine:

“…we are just going to completely revamp how we use energy in a way that deals with climate change, deals with national security and drives our economy, that’s going to be my number one priority when I get into office, assuming, obviously, that we have done enough to just stabilize the immediate economic situation.”

That’s a whopping assumption. Nevertheless the advocacy group Environment California has released its own vision, asserting that clean energy is “the foundation of America’s economic future.” The group’s Blueprint for Economic Recovery and Environmental Protection Through Clean Energy Solutions is not groundbreaking but rather an aggregation of ideas and studies that have been put forth already, leading to the same general conclusion.

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The report attempts to bundle the potential of renewable energy sources such as solar, wind and geothermal, coupled with aggressive conservation measures, which it says could alone cut the nation’s electric use by a quarter.

For example, Environment California suggests that we might set aside 9% of Nevada (that’s about 10,000 square miles–imagine Massachusetts covered border-to-border with solar panels) for solar-thermal installations or harness the wind potential of five interior states (the Dakotas, Kansas, Montana and Texas), either one could cover the nation’s entire electric bill. Of course, either of these approaches would require massive, intrusive distribution networks to get the power where it’s needed, so I these ideas may be intended as inspirational, not literal.

Another idea, which requires very little distribution infrastructure, is carpeting the nation’s rooftops with photovoltaic solar panels. The group says that would provide about 70% of our energy needs.

The report also advocates for cutting our oil consumption in half, though it does not specify by when.

How does all this translate to economic redemption? By creating “millions of jobs.” According to the report:

“…repowering America will plant the seeds of economic growth and revitalization across the country. And by creating the world’s largest market for renewable energy and energy efficient technology, we will give American companies a leg up in the most important economic competition of the 21st century – the race to supply environmentally sound technologies to the rest of the world.”

The report cites several studies to support this conclusion. Some were done several years ago and may contain assumptions that don’t quite hold up in today’s recessionary, capital-constrained environment. The more recent work includes a University of Tennessee study from 2006, which projected that converting a quarter of U.S. electric production and transportation fuels would, over about 20 years, yield more than five million jobs.

You are guaranteed to hear a great deal more on this theme, as a new administration takes charge with it’s “number one priority.” Still unanswered is who will provide the capital–and the incentives to steer capital–into the clean, green economy of our dreams.

Photo: Installing solar panels on the roof at KQED.

  • R. Cooper

    Were is this going to get the capital? From YOU and ME by the Carbon Cap and Trade tax scheme that takes effect in 2012. The carbon cap and trade programs turns the electric, manufactories,heavy trucks, cars, airlines etc into tax collectors for the state. It’s just a tax scheme.!! run by the CARB. Once the gov. get’s into the elect rates they’ll always remain high and never will go down, just like any other state taxes. The Fed’s allready have their multi. Trillion dollar program S.3036 to take effect in 2012. It’s so bad that it has a 900 Billion dollar welfare program for the poor to offset their higher electric and fuel costs. It’s a sleeper to most people but to the politicians and the environmentalist groups who benifit the most from this tax scheme. Nuclear is 1/3 to build, cheaper($.016 KWH), cleaner(0),and doesn’t cover millions of square miles of State and Fed. lands,runs 24/7 plus the electric companies could finance them by themselves with little gov. help. Plus they can be built by existing tower lines. You want cheap electricty or do you want higher taxes, electric rates, goods and services, with a 5 million work crew tending the renewables, FOREVER? But it’s not a option with these focks because it doesn’t have the cash flow that renewables offer.