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].
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A “sustainable chemical” company called Genomatica has developed a way to use sugar and genetically engineered bacteria to produce a common industrial chemical that’s usually produced using petroleum, and which is found in everything from Spandex to car bumpers. By using sugar from sugar cane as a feedstock, industrial chemical companies can get a cheaper alternative to petroleum-derived chemicals, while investing in processes that are less polluting and nontoxic, said Genomatica CEO Chris Gann [CNET].
Genomatica produces the chemical, 1,4-butanediol (BDO), by feeding pure glucose derived from sugarcane to E. coli bacteria, which has been engineered to produce BDO. “We have engineered the organism such that it has to secrete that product in order for it to grow,” says [company president] Christophe Schilling…. “The interests of the organism are aligned with our interests: It grows faster when it produces more” [Scientific American].
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The House of Representatives passed an energy bill including a provision that will allow for more oil and gas drilling off U.S. coastlines, but the compromise measure doesn’t go far enough to please Republicans, and doesn’t include enough protections to mollify environmentalists. The bill would allow drilling as close as 50 miles from the coastline if adjacent states agree and 100 miles out no matter a state’s position [The New York Times].
The bill faces significant hurdles to becoming law: The Senate must vote on its own version of the energy bill, which is expected to place much more conservative limits on offshore drilling, then the two bills must be reconciled, and finally the finished product must be sent to the unwelcoming White House. President Bush, who has called for ending the offshore drilling bans, signaled he would veto the legislation if it reached his desk, arguing that it would stifle offshore oil development instead of increasing it [AP]. Lawmakers also have a strict time limit, as Congress is scheduled to adjourn on September 26.
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President Bush has proposed protecting vast swaths of marine territory in the South Pacific from commercial fishing and offshore drilling, in a move that some environmentalists have said could earn him a legacy as the “Teddy Roosevelt of the seas.” This week, Bush is expected to ask his Cabinet for comments on conservation proposals for marine ecosystems around the Northern Mariana islands, the Line Islands, and American Samoa.
While the Bush administration’s environmental record has generally received harsh criticism from environmentalists, these proposals are being seen as a cause for celebration. “We have every expectation that the president will move forward on protecting these places sometime in the fall,” said Diane Regas, ocean program director at Environmental Defense Fund. “Today, we put the champagne on ice, and we will pop it open.” Two years ago, the president made a huge swath of the Northwestern Hawaiian Islands a national monument, barring fishing, oil and gas extraction and tourism from its waters and coral reefs. The area is the single largest conservation area on the planet [AP].
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There’s oil in that thar Arctic, and lots of it; that’s what the U.S. Geological Survey has to say after conducting the most comprehensive survey of the Arctic’s energy resources to date. The USGS says the polar region contains one-fifth of the world’s undiscovered oil and natural gas resources, which amounts to 90 billion barrels of oil and 1,670 trillion cubic feet of natural gas. The report is bound to fuel calls for oil companies to increase drilling in the Arctic Ocean, and is also guaranteed to spark protests from environmentalists who advocate a shift away from fossil fuels.
The oil is considered “technically recoverable” using existing technology, but the survey did not consider the cost of overcoming obstacles to drilling, such as permanent sea ice or deep ocean waters…. Oil companies have already spent billions to secure leases to explore some of the uncharted waters [AP]. Ironically, much of the new exploration is being made possible by global warming caused by the burning of fossil fuels; melting ice caps have opened up prospects that were once considered too harsh to explore [The New York Times].
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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 oil drilling in Alaska and in U.S. coastal waters. While America’s politicians struggle to come up with an answer to the country’s energy woes, its most lauded ex-politician says he has all the answers…. Al Gore, the Nobel-winning rock star of climate change, will outline his plans for an American “energy revolution” [The Wall Street Journal blog] in a speech today.
Just as John F. Kennedy set his sights on the moon, Al Gore is challenging the nation to produce every kilowatt of electricity through wind, sun and other Earth-friendly energy sources within 10 years, an audacious goal he hopes the next president will embrace [AP]. But even as Gore is expected to ask legislators to turn away from fossil fuels and embrace alternative energy sources, the current environmental policy proposals in Washington seem to be tending in the opposite direction.
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In a largely symbolic but intensely political move, President Bush today lifted the presidential ban on drilling for oil in U.S. coastal waters. The action will have no immediate effect due to a separate congressional ban on offshore drilling that was passed in 1981, but the president urged Congress to revoke that law as well, arguing that the United States needs to increase domestic production of oil to bring down energy prices.
Asserting that “failure to act is unacceptable,” [Bush] said today’s move clears away executive branch restrictions on offshore oil exploration. “This means that the only thing standing between the American people and these vast oil resources is action from the U.S. Congress,” he said [The Washington Post]. Democrats immediately responded that Bush’s move was simply political theater. Senator Bill Nelson, a Florida Democrat, said: “He knows ruining our coastlines won’t bring down gasoline prices nor solve our energy challenges” [Reuters].
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As Americans grimly fill up their cars with $4 per gallon gas and worry about turning up the air conditioning at home, they may well be wondering: Can’t we dig up some more oil and gas from somewhere? Well, their government representatives are feeling that pain, and are scrambling to offer new policies that would allow more oil and gas drilling.
Some U.S. Representatives have called, once again, for drilling in the Alaskan National Wildlife Refuge (ANWR), and the bill is reportedly gaining support among moderate Republicans. Meanwhile, Republican presidential candidate John McCain is making headlines by calling for an end to a 27-year-old ban on offshore drilling. McCain says he still opposes drilling in the “pristine” natural setting of ANWR, but sees renewed domestic drilling as the only way out of the current energy crisis.
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A mesh made of tiny metal nanowires could clean up oil spills in the ocean, according to a new report [Nature Nanotechnology, subscription required]. The “nanosponge,” which looks like a thin piece of brown paper, can sit on top of water without ever getting wet, while absorbing 20 times its weight in oil.
The MIT nanotech researchers haven’t tested their invention outside the lab yet, but say the nanosponge could be more effective than materials that are currently used to sop up oil, which often absorb water as well as the targeted oil, and which can’t be reused.
The nanowires, which are each 20 nanometers in diameter, are made of potassium manganese oxide and clump together naturally in dense tangles. The researchers then coated the material with a water-repelling silicone layer.
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