As the turmoil continues in the world’s financial systems and countries brace for an economic downturn, many environmentalists and green tech entrepreneurs are posing the question: How will this crisis impact the young renewable energy sector?
Some worry that ambitious projects won’t be able to get the financing they need from troubled banks wary of lending money, while others note that oil prices have dropped fast based on predictions of lower demand. Advocates are concerned that if the prices for oil and gas keep falling, the incentive for utilities and consumers to buy expensive renewable energy will shrink. That is what happened in the 1980s when a decade of advances for alternative energy collapsed amid falling prices for conventional fuels [The New York Times].
In Europe, environmental ministers are meeting to finalize the European Union’s goals for cutting the greenhouse gas emissions that cause global warming, but new discord has broken out. Nations like Italy and Poland have begun to argue that emission cuts must be scaled back to avoid further hardship for industry during the hard economic times. Italian Prime Minister Silvio Berlusconi said: “Our businesses are in absolutely no position at the moment to absorb the costs of the regulations that have been proposed” [BBC News].

A legal battle is raging on over whether gray
The Supreme Court heard arguments today on whether
An ambitious, multibillion-dollar effort to restore Florida’s
Researchers may have found a away to avert the doom many predict for commercial fisheries around the world. A system in which individuals are apportioned a fixed share of each year’s catch shows great promise in averting the collapse of
The House of Representatives passed an energy bill including a provision that will allow for more
A British jury has cleared six
Forest scientists have come to a surprising conclusion regarding old growth
An international group has given
Next week, German officials will flip the switch and turn on the world’s first
The Environmental Protection Agency has vetoed a massive flood control project that was in the works for seven decades. The move – which puts the kibosh on the proposed Yazoo Pumps Project to reduce flooding between the Mississippi and Yazoo rivers – is only the 12th time the Environmental Protection Agency has used its authority to scrap a project under the Clean Water Act [
There’s oil in that thar
European Union officials say they’re considering an ambitious plan to draw energy from the sun that beats down relentlessly on the
As Americans continue to pay over $4 per gallon of gas, pressure to act keeps growing in Washington. Both legislators and the Bush Administration are scrambling for solutions, offering conflicting proposals regarding
In a largely symbolic but intensely political move, 