Earlier this month, the Environmental Protection Agency (EPA) released their proposed Clean Power Plan. As readers of this blog are already aware, the Clean Power Plan proposes carbon emission standards for coal-fired power plants, which are the single largest source of carbon pollution in the U.S., generating approximately one-third of all domestic greenhouse gas emissions. Some specifics are that under the Clean Power Plan, states must expand their energy sources and use solar (photovoltaic and solar thermal), wind, geothermal, sustainably sourced biomass, biogas, and low-impact hydrology in order to decrease their carbon emissions.
Did you know that renewable energy technologies are characteristically more labor-intensive than intensely mechanized fossil fuel technologies? This means that the potential economic benefits may be substantial; not to mention the significant benefits for our climate and health.
The solar industry employed over 100,000 workers in jobs ranging from solar manufacturing and sales to installation according to the Solar Foundation in 2011. Solar jobs grew by 20% percent in 2013 and 2014 is expected to create 22,000 jobs. Furthermore, these statistics were reported before the EPA plan was released, which may further boost the renewable job sector.
Let’s look at wind energy. The amount of domestically manufactured equipment used in wind turbines doubled from 35% in 2006 to 70% in 2011 with 560 factories directly employing 75,000 full-time employees.
The hydroelectric power industry also plays a role. Statistics show in 2009 it employed 250,000 people. As many as 700,000 jobs could be generated if the hydropower industry installs a new capacity of 23,000 – 60,000 megawatts (MW) by 2025. Rounding out our look at the renewable energy sector, the geothermal industry directly employed 5,200 people in 2010.
The Union of Concerned Scientists (UCS) estimated in 2009 that a national, renewable electricity standard attempting to cut 25% of carbon emissions by 2025 would generate 297,000 jobs, $263.4 billion in new capital investment, $13.5 billion in income to farmers, ranchers, and rural landowners, and $11.5 billion in new local tax revenues. Remember, the EPA proposed reducing carbon emissions from existing power plants by 30% below 2005 levels by 2030. So the potential economic benefits may increase over the UCS’s estimates.
With these figures, we’re not even taking into account a complete picture of the potential economic benefits from expanded renewable energy sources. Think about how direct job creation leads to indirect job creation. For example, when you hire additional employees, you may very well need a larger Human Resources staff.
All of this comes at a time when our country could deeply benefit from economic stimulation. The U.S. economy is still anemic, with unemployment rates remaining high, and a disturbing national debt that’s expected to reach $20 trillion by 2020. We must embrace win-win scenarios such as these that combine healing our ailing planet with economic recovery. It’s past time to forge the path to a low-carbon future.
Carbonfund.org supports carbon offset projects that clearly benefit the environment and fight climate change. A recent study highlights how projects such as ours offer even more than combating global warming alone. They can provide additional benefits ranging from employment to health, which is important to countries' economies and limited budgets.
Often the question is posed as whether to cut emissions or use the funds to stimulate the economy. But we can have the best of both worlds with certified carbon-cutting projects; particularly projects in poor countries. And the numbers add up to billions in additional benefits.
Carbon credit certifier, the Gold Standard Foundation, in a partnership with WWF Switzerland commissioned a peer-reviewed study from Australia-based Net Balance. Economists analyzed the environmental and socioeconomic benefits from clean energy or Gold Standard-approved carbon reduction projects.
The report found, "Robustly designed and audited greenhouse gas mitigation projects... deliver far more than carbon emission reductions, meaning it is no longer necessary to choose between climate and other environment and development outcomes."
The study analyzed more than 100 initiatives including building wind farms, planting trees, installing water filtration systems and distributing clean stoves to discourage people from burning wood or charcoal. Then the report identified areas beyond greenhouse gas cuts where there was a potential benefit from projects, such as local economies, employment, health and biodiversity.
The report gives a couple examples; the first shows how three water filtration systems throughout Africa and Asia deliver health benefits such as less air pollution, which is valued at more than $300 million annually. The second example illustrates how 54 Gold Standard-certified wind farms created jobs worth $12 million a year while contributing a total $100 million per year to countries' balance of payments.
Gold Standard Program projects generate carbon credits that can be bought by individuals, businesses and organizations to offset their own carbon footprints. Learn more about Carbonfund.org's carbon reduction projects at http://www.carbonfund.org/projects.
Forever Cheese is already renowned for their commitment to sourcing the finest cheeses and specialty foods from Italy, Spain, Portugal, and Croatia and it has now been seven years since they have begun a commitment with Carbonfund to actively help the planet and further renewable energy.
“We are focused on wind and solar energy not just as a way for the future, but for now.” states Michele Buster, President and Co-Founder of Forever Cheese. “We hope to be a role model for other companies, catalyzing them to support the development of renewable energy resources.”
Since 1998, Michele and her business partner, Pierluigi Sini have been finding unique artisan cheeses and specialty foods to introduce into the US. They hand-select each item directly from the producers.
Some of their more famous products include Genuine Fulvi® Pecorino Romano, Rustico®, Drunken Goat®, Naked Goat®, Mitica® Marcona Almonds & Fig Almond Cake. Look for the brands Fulvi®, Sini® or Mitica® to find Forever Cheese products.
Carbonfund.org is very proud to have this great partnership with Forever Cheese to provide significant benefit to renewable energy projects around the United States along with additional support toward national reforestation projects.
"We greatly appreciate our partnership with Forever Cheese," said, Executive Director, Eric Carlson, "they are true industry leaders in their commitment to supporting renewable energy."
For more information, please visit www.forevercheese.com.
Those of us living in the United States can easily get wrapped up in the domestic energy picture, but it is important to stop and take a look at how renewables are doing in other countries too.
If you peruse a list of countries by 2008 emissions, the top emitter of carbon dioxide is currently China, followed closely by the U.S. China accounts for 23.5% of world emissions, and the U.S. is responsible for 18.27%. However, the good news is that China’s renewable-energy industry is currently on the upswing due to supportive government policies and generous subsidies; so much so that they’ve achieved the height of the world’s wind and solar industries. We’ve all heard the phrase, “Everything is made in China.” The U.S. does import many goods from China, but a report released this week titled, “Advantage America” analyzed trade between the two countries in solar, wind and smart-grid technology and services in 2011.
The analysis, by Bloomberg New Energy Finance and Pew Charitable Trusts, showed $6.5 billion in renewable energy technology and services traded between the U.S. and China. But the U.S. sold $1.63 billion more to China than it imported.
It’s good to see both countries making such strides in renewable energy. Oftentimes, the countries are perceived as being in competition with one another, but a more accurate picture would be that they are interdependent. The bottom line is that both countries should be doing as much as possible to focus on renewables, especially considering they’re the top two carbon dioxide emitters on the planet. And the global interest and investments in renewables doesn’t stop there.
Saudi Arabia, a country with the world's second largest oil reserves, is beginning a green revolution. This week, Saudi King Abdullah revealed ambitious plans to develop renewable energy programs that will produce 54,000 megawatts of electricity by 2032 as part of a strategy to save 1.2 million barrels of their oil per day for export.
King Abdullah City for Atomic and Renewable Energy (KA-Care) is a strategy paper set up by King Abdullah in 2010 to develop alternative energy sources so the country won't have to burn millions of barrels of oil a year on power generation. KA-Care outlines the preliminary phases of the kingdom's agenda for its energy future and focuses on thermal solar, photo-voltaic solar, wind, geothermal and waste-to-energy. Much of the desert landscape in the Persian Gulf is well suited to solar energy production; a fact that has not escaped the Saudi’s neighbor, the United Arab Emirates (UAE).
The UAE, with 8% of the world's proven oil reserves, has also embarked on a major renewables program, which focuses on nuclear and solar energy production. By taking a look at the global energy picture, we see that even those countries with vast fossil fuel resources recognize the finite limitations of their reserves and the importance of investing in sustainable energy projects, which is great news in the fight against climate change. Every country on the planet contributes to global warming, and every country will have to do their part in order to pave the way to a sustainable energy future.
The Carbonfund.org Foundation is honored to receive the support of Forever Cheese for the 6th year in a row. Since 2007, Forever Cheese has supported wind energy, reforestation and renewable energy projects through Carbonfund.org Foundation. In fact, with 2012’s support, Forever Cheese has offset over 1,645 metric tons of CO2 and over 7,099 Renewable Energy Certificates (RECs) of green power.
To put this support into perspective, the six years that Forever Cheese has supported emission reduction projects is equivalent to removing almost 1,400 cars off the road for a year or to the electricity that almost 1,000 homes would use in a year. It is also similar to recycling almost 2,500 tons of waste instead of sending it to a landfill. (Source: EPA http://www.epa.gov/cleanenergy/energy-resources/calculator.html)
In 2012 Forever Cheese took their support a step further. For Earth Day 2012 Forever Cheese stepped up and set the bar for Carbonfund.org partners by planting 7,500 trees globally. Tree planting projects sequester CO2 from the atmosphere, prevent erosion, protect biodiversity, and provide renewable resources for local communities. Planting trees provides flood control by minimizing runoff and the loss of top soil, provides habitat and nutrition for wildlife and nurseries for local fish populations, and offers alternative economic livelihoods for local communities in the form of managing tree nurseries and planting, assisting with regulation of the water and nutrient cycle.
Co founder, Michele Buster, remarks “We are committed to wind energy as a solution for the future and reforestation as well. We know that we can make a greater impact as a company than as single individuals. We’d like to feel that we serve as a role model in our industry to incentivize others to support renewable energy resources.”
Carbonfund.org is grateful for the six years of partnership with Forever Cheese - a company showing an important example of how business can be part of critical climate change solutions.
About Forever Cheese: Forever Cheese, founded in 1998, is committed to sourcing the finest cheeses and specialty foods from Italy, Spain, Portugal and Croatia. The company represents exclusively the following brands: Fulvi®, Dehesa Cordobesa®, El Trigal®, Drunken Goat®, Ca De Ambros®, Bonati, Italfine, Caro, Cacao Sampaka, Casa Pareja, CARM and Mitica®. Forever Cheese products can be found in the finest specialty food shops and restaurants across the country. www.forevercheese.com -30-
According to a recently released report by the World Wildlife Fund, 58 of the United States’ Fortune 100 companies set goals in 2012 to either reduce greenhouse gas emissions or use more renewable energy in their operations. However, oil and gas companies are lagging far behind in this movement. Eight of 11 domestic energy companies on the Fortune 100 have not set internal energy goals.
This is in direct contrast to 68 of the planet’s 100 largest companies who recognize the impact of global warming and are making investments in greenhouse gas reductions and renewable energy goals. Sadly, energy companies represent the lowest participation rate of any industry worldwide. The few exceptions are Hess and Chevron who have both set renewable energy and greenhouse gas targets, and ExxonMobil who set a greenhouse gas target.
Why have three quarters of the nation's industrial companies voluntarily set some sort of environmental target? There are a variety of potential reasons including: policy pressures, public relations or perhaps even the forward thinking that sees renewable energy’s potential to someday be less expensive than, or at least competitive with, oil and gas.
And why haven’t most oil and gas companies voluntarily set environmental targets? It may be because the very products they put on the market directly contribute to climate change. There is also a lack of urgency to act; little pressure comes from investors or policies. An example of a type of policy that was successful in the past is the Environmental Protection Agency or EPA's Toxic Release Inventory, which worked by making large companies publically accountable for which potentially toxic chemicals they use and where they are released. Then the information is posted on the EPA’s website for anyone to see.
The planet would really benefit from a similar policy focusing on oil and gas company emissions, or better yet, a broader climate change policy such as a national carbon tax or cap-and-trade program. There are other options that could pave the way towards a cleaner energy future. The federal government could require that a certain percentage of electricity come from renewable sources and offer further tax incentives for wind and solar production. Many companies are setting their own internal goals, but for others such as the majority of the oil and gas industry, they’re not going to do anything about increasing efficiency and reducing their carbon footprints until someone makes them.
Wind turbine blades currently have some challenges that impact their cost effectiveness. First, most wind blades are made of fiberglass, and the molds to manufacture these blades cost millions of dollars to acquire. Transporting the massive manufactured blades also poses a challenge as they cannot be assembled on site. Furthermore, fiberglass places limitations on the size of the rotor diameters, which means the turbines are smaller and heavier so they are less able to capture wind at lower wind speeds in places such as the US Midwest.
The US Department of Energy's advanced research projects agency (ARPA-E) project aims to address these limitations by researching and developing architectural fabrics in lieu of conventional fiberglass. These tough, flexible fabrics would be tension-wrapped around a metal frame and specially designed to meet wind blade operations’ demands as well as allow for easy maintenance. The project will span three years and be comprised of a team from US electrics company GE, Virginia Tech University and the National Renewable Energy Laboratory (NREL).
If successful, these advancements in blade technology will enable larger, lighter turbines that allow tapping previously unsuitable moderate wind speed markets. The new approach also has the potential to overcome earlier manufacturing and transportation limitations since the wind turbine components can be built and put together on site. According to GE, this new blade design could reduce blade costs 25%-40%, making wind energy as economical as fossil fuels without government subsidies.
Expanding wind capabilities and lowering its costs as an energy source represents forging a course towards a clean energy future.
The anemic U.S. economy could get a boost from a surprising source. A study released last week calculated that 70,000 new jobs could be created by the Atlantic Wind Connection over a 10-year span as the offshore wind industry grows. The project includes installing an immense transmission backbone along the East coast connected to a chain of offshore wind farms, and is supported in part financially by Google Energy. The aforementioned jobs would be created by manufacturing, building, operating and maintaining wind turbines, and an additional 40,000 jobs would be needed to serve the supply chain.
The 110,000 jobs directly created by the industry and supply chain do not take into account 50,000 jobs that could be generated from the additional economic activity effect. That is when workers in the area use local businesses to meet their daily needs such as grocery stores and housing.
The project entails construction of a 380-mile power line from Virginia to New Jersey that enables up to 7,000 megawatts of electricity to be produced from offshore wind farms. That’s enough electricity to power over 2 million homes in the Mid-Atlantic region.
Backers of the Atlantic Wind Connection commissioned the study by information and analytics company IHS Inc. which concluded that large-scale wind development along the Atlantic seaboard would also have a combined economic impact for the states of $19 billion and increase local, state and federal government revenues by $4.6 billion.
Wind energy generates more than just renewable energy; it creates actual jobs too and during a time when the nation’s flagging economy badly needs them.
According to data recently uncovered from the Energy Information Agency, electricity coming from non-hydroelectric renewable sources (solar, wind, geothermal, and biomass) has doubled in the U.S. to almost 6 percent in a scant four years’ time.
It’s a bit surprising that this significant fact hasn’t been splashed all over the news. Businesses are portrayed as not believing clean energy is worth the investment, but that is simply not true for all. Some companies see the wisdom and fiscal prudence in planning for climate change. The press appears to focus more on manufacturing problems in the sector.
While it is true that the green manufacturing industry is experiencing some growing pains, take solar panel makers for example, it’s worth noting that the green industry is growing overall, and quickly too. China made enormous investments in solar, and they are the face of rising competition. They’ve brought down the price of panels by 65 percent in a mere 18 months. So this leads to fewer and bigger solar manufacturers, which is what happens in all mature industries. However, the explosion of growth in the solar industry comes from the businesses that sell, install, and maintain solar.
Perhaps renewable energy seems like small potatoes since it’s only a fraction of total electricity generation. But the magic is in the industry’s potential for exponential growth. If non-hydro renewables were to double three more times, they would provide nearly half of US electricity needs. That’s more than we get from coal or natural gas right now.
The renewable energy industry’s growth is not just limited to the U.S. either. Countries such as Portugal and Germany have transformed their power grids to generate 25 – 45 percent of their electricity needs from renewable sources.
The big question is if non-hydroelectric renewables can continue to double every four years? Well let’s start by taking a look at what kind of growth would be required to do so. Non-hydro renewables need 19 percent annual growth in order to double every four years. Some sectors grow that much or more. According to the Solar Energy Industries Association, the solar sector is growing 30 percent annually.
The bottom line is that the payback time for investing in renewable energy is getting faster every day. Wise homeowners, businesses, and governments are ahead of the curve because they see that the future is in renewable sources.
The desire for renewable energy world-wide is on the rise according to a pair of recently released studies commissioned by wind turbine manufacturer, Vestas. Eighty-five percent of global respondents want more renewable energy in the market, says the Global Consumer Wind Energy Study. And 49% of those surveyed would be willing to pay more for renewable energy. The survey also illuminated that 45% believe climate change is one of the big three challenges facing the globe.
The survey polled 24,000 respondents in 20 countries and also found that 62% would buy products from companies who use wind energy. Almost three quarters of consumers indicated they would feel more positive if companies used wind as its primary source of energy.
The second study examines what companies do voluntarily for renewable energy production. Bloomberg New Energy Finance writes the Corporate Renewable Energy Index, which found that global investments in renewable energy capacity are overtaking those of fossil fuels; $237 billion compared to $223 billion. Furthermore, companies are increasingly committing to renewable energy. They purchased 40% of renewable energy last year.
The trend of businesses planning for climate change is not news to readers of our blog. However, it is encouraging to see companies actually making investments in renewable energy. It only makes sense as it lowers their risk. So these studies point to both consumers and corporations demanding more renewable energy. Isn’t it time governments join the trend too? The scale goes from smaller to larger effects when consumers, businesses, and governments work together to lower global carbon emissions. We are looking forward to a clean energy future powered by renewable energy sources.