The World’s First Nationwide Service Network for Electric Vehicles Is in Germany


World's First Nationwide EV Service Network

Long gone are the days when cars could be fixed with coat hangers and bubble gum (and I assure you, those days did exist), but most drivers don’t worry too much if something on the car goes awry these days. Most drivers are never too far from a shop capable of fixing whatever it is that has gone wrong. For EV drivers, it’s a bit of a different story.

Electric car pioneer Karabag and truck manufacturer Still hope to change that with the world’s first nationwide service network for electric vehicles. The network will not only address the issue of finding parts for electric cars, but also that of finding qualified technicians — mechanics require special training in order to handle the high-voltage batteries and other electronics of EVs. Karabag is hoping to create more demand from its customers by making it easier for them to maintain their vehicles.

Karabag’s EV service network is, of course, primarily concerned with Karabag’s electric vehicles (the new 500E; Fiat’s commercial vehicle, the Fiorino E; the Doblo E; Scudo E; and the Ducato E). Still, a market leader for electric forklift trucks, is currently retraining its technicians to repair the Karabag EVs.

Over 800 Still locations — including offices, service stations, and some mobile service points — will be available to EV owners, whether their cars need to be repaired or simply maintained. Karabag’s goal is to have each station be no more than 15 miles from any customer (something like North America’s West Coast EV highway).

The mobile service points, or so-called “Flying Doctors,” are outfitted with exchangeable batteries and spare parts boxes containing electronics for battery management and control. They guarantee mobility within 48 hours of a call. For any of Karabag’s new customers, the cost of the service network is part of the two-year warranty.

Questions or comments? Let us know below.

Source: Autobild via Gas2
Image: Karabag

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Denmark Aims to Achieve 35 Percent Green Energy by 2020

The Danish government has approved a series of goals to significantly reduce its carbon emissions and increase its use of green energy by 2020, an “ambitious green transition” officials say will affect all levels of society.

The agreement, which was approved by parliament last week, targets cutting greenhouse gas emissions by 34 percent by 2020, compared with 1990 levels, and reducing gross energy consumption by 12 percent compared with 2006 levels.

By 2020, Denmark plans to obtain 35 percent of its energy from renewable sources and 50 percent of its electricity from wind power. To achieve these goals, the agreement calls for improvements to Denmark’s smart grid, the retrofitting of buildings, expansion of biogas, and increased use of electricity and biomass for the transportation sector.

“This will prepare us for a future with increasing prices for oil and coal,” Martin Lidegaard, Denmark’s minister for Climate, Energy and Building, told the Guardian. The Danish government has set a target to meet all of its energy needs from renewable sources by 2050.

Article appearing courtesy Yale Environment 360.

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Nuclear power plants can produce hydrogen to fuel the ‘hydrogen economy’

ScienceDaily (Mar. 26, 2012) — The long-sought technology for enabling the fabled “hydrogen economy” — an era based on hydrogen fuel that replaces gasoline, diesel and other fossil fuels, easing concerns about foreign oil and air pollution — has been available for decades and could begin commercial production of hydrogen in this decade, a scientist recently reported.

Speaking in San Diego at the 243rd National Meeting & Exposition of the American Chemical Society (ACS) on March 27 Ibrahim Khamis, Ph.D., described how heat from existing nuclear plants could be used in the more economical production of hydrogen, with future plants custom-built for hydrogen production. He is with the International Atomic Energy Agency (IAEA) in Vienna, Austria.

“There is rapidly growing interest around the world in hydrogen production using nuclear power plants as heat sources,” Khamis said. “Hydrogen production using nuclear energy could reduce dependence on oil for fueling motor vehicles and the use of coal for generating electricity. In doing so, hydrogen could have a beneficial impact on global warming, since burning hydrogen releases only water vapor and no carbon dioxide, the main greenhouse gas. There is a dramatic reduction in pollution.”

Khamis said scientists and economists at IAEA and elsewhere are working intensively to determine how current nuclear power reactors — 435 are operational worldwide — and future nuclear power reactors could be enlisted in hydrogen production.

Most hydrogen production at present comes from natural gas or coal and results in releases of the greenhouse gas carbon dioxide. On a much smaller scale, some production comes from a cleaner process called electrolysis, in which an electric current flowing through water splits the H2O molecules into hydrogen and oxygen. This process, termed electrolysis, is more efficient and less expensive if water is first heated to form steam, with the electric current passed through the steam.

Khamis said that nuclear power plants are ideal for hydrogen production because they already produce the heat for changing water into steam and the electricity for breaking the steam down into hydrogen and oxygen. Experts envision the current generation of nuclear power plants using a low-temperature electrolysis which can take advantage of low electricity prices during the plant’s off-peak hours to produce hydrogen. Future plants, designed specifically for hydrogen production, would use a more efficient high-temperature electrolysis process or be coupled to thermochemical processes, which are currently under research and development.

“Nuclear hydrogen from electrolysis of water or steam is a reality now, yet the economics need to be improved,” said Khamis. He noted that some countries are considering construction of new nuclear plants coupled with high-temperature steam electrolysis (HTSE) stations that would allow them to generate hydrogen gas on a large scale in anticipation of growing economic opportunities.

Khamis described how IAEA’s Hydrogen Economic Evaluation Programme (HEEP) is helping. IAEA has designed its HEEP software to help its member states take advantage of nuclear energy’s potential to generate hydrogen gas. The software assesses the technical and economic feasibility of hydrogen production under a wide variety of circumstances.

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Pond Scum Growing Closer to Mass Use (Video on Obama’s Support for Algae Fuel)

If you haven’t already been over to the Climate Desk, check it out. They’ve accumulated some great reporting on climate issues and produced some very slick films on science and clean energy.

The latest film put together by Climate Desk producer James West cuts through the knee jerk political reactions to the President’s support of algae biofuels and asks: “will it ever be the fuel of the future?” In truth, there’s a lot of debate over what impact it will have.

Algae-based biofuels have come down dramatically in cost over the decades, from hundreds of dollars per gallon to between $8 and $30 a gallon. However, companies reaching commercial scale still haven’t inched over the last few yards to achieve cost parity with petroleum-based fuels. Experts don’t expect the resource to play a major role in our fuel mix for another 5-10 years.

But there’s a lot of fascinating research happening the field today, and companies are closer than ever to cracking the code. Even though algae fuels won’t have an immediate impact, this film illustrates why mocking the President for supporting innovative alternatives to petroleum is just silly.

This article was originally published on Climate Progress and has been reposted with permission.

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Say Goodbye to T12 Fluorescent Lamps (Businesses: Get Your Rebates Now!)


T12 Lamps

This July, U.S. lighting manufacturers will cease production of many T12 lamps in order to comply with Department of Energy (DOE) regulations. First announced in 2010, the DOE planned to phase out magnetic ballasts used in T12 lamps in favor of more energy-efficient T8 and T5 lamps.

Currently, the federal government uses financial incentives as a motivating factor for commercial lighting retrofits. Since T12 lamps will no longer be available, business consumers will have no choice but to utilize newer T8 and T5 lamps, meaning the government will no longer be offering rebates. So, if your company has been dragging its heels on a lighting retrofit, you may want to consider performing one now, before the rebates disappear.

Of course, incentives are only one reason to upgrade. According to Ourtakeongreen.com, by replacing a T12 system with a T8 system, you can reduce energy use by 33% and save $12 per fixture per year. If you have 1,000 fixtures, that means $12,000 a year in energy savings. Plus, the normal payback period for upgrading to T5 or T8 lamps is usually only 1-3 years.

Additionally, the T12 lamp only lasts for approximately 28,800 hours, while a T8 lamp can last for 36,000 hours and a T5 for 52,000. A longer life for your lamps means lower maintenance costs for your business.

Source: T12 Phase Out For July

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Fukushima one year on: poor planning hampered Fukushima response

ScienceDaily (Mar. 2, 2012) — One year after an earthquake and tsunami hit Japan on March 11, 2011, an independent investigation panel has highlighted the country’s failures in disaster planning and crisis management for the accident at the Fukushima Daiichi Nuclear Power Station. The article, out now in the Bulletin of the Atomic Scientists, published by SAGE, shows that agencies were thoroughly unprepared for the cascading nuclear disaster, following a tsunami that should have been anticipated.

The Rebuild Japan Initiative Foundation established an independent investigation panel to review how the government, the Tokyo Electric Power Company (Tepco), and other key actors responded during the disaster. The foundation’s chairman, Yoichi Funabashi, and staff director of the investigation panel, Kay Kitazawa, explain the reasons behind the lack of disaster preparation; their findings are based on interviews with nearly 300 people involved in the accident, including then-Prime Minister Naoto Kan.

Their article highlights how Kan secretly instructed Shunsuke Kondo, chairman of the Japan Atomic Energy Commission (AEC), to draw up a “worst case scenario” for the nuclear accident as the crisis deepened — that is, six increasingly drastic scenarios that would play out as various systems at the nuclear plant failed. The panel obtained a copy of this plan and the authors present an excerpt in their article in the Bulletin. The most extreme scenario would have involved evacuation of all residents living within 170 km or more of the Fukushima plant, and, depending on the wind direction, could have meant evacuating the 30 million residents in the Tokyo metropolitan area.

According to the investigation, the tsunami could and should have been anticipated. Earlier research on the Jogan tsunami of 869 AD showed that high water levels should not have been considered “unprecedented” along the Japanese coastline where Fukushima is located. Tepco’s own nuclear energy division understood the risk, but the company dismissed these probabilities as “academic.” Regulatory authorities also encouraged the company to incorporate new findings into its safety plans, but did not make these measures mandatory.

Many human errors were made at Fukushima, illustrating the dangers of building multiple nuclear reactor units close together. Masao Yoshida, the director of the Fukushima Daiichi Nuclear Power Station at the time of the accident, had to cope simultaneously with core meltdowns at three reactors and exposed fuel pools at four units. The errors were not the fault of one individual, but were systemic: When on-site workers referred to the severe accident manual, the answers were not there. And those who misjudged the condition of the emergency cooling system had never actually put the system into service; they were thrown into a crisis without the benefit of training.

The authors write that Tepco bears the primary responsibility for incompetent handling of the disaster’s aftermath. The organisation failed to make rapid decisions, losing government trust in the process.

The article highlights government regulators, including the Nuclear and Industrial Safety Agency (NISA), and the Nuclear Safety Commission (NSC) for their poor response. The Japanese government’s System for Prediction of Environmental Emergency Dose Information (SPEEDI) was designed to help governments decide when to evacuate in the event of a radioactive leak. The system was not used, negating the time and money invested in developing the system in the first place. The Japanese government is now considering the creation of a new nuclear safety agency to replace NISA and NSC and be constructed as an external organ of the Environment Ministry.

A public myth of “absolute safety,” nurtured by nuclear power proponents over decades, contributed to the lack of adequate preparation. The public was also ill-informed about the meaning of reported radiation levels.

“It’s clear from our investigation of the Fukushima Daiichi accident that even in the technologically advanced country of Japan, the government and the plant operator, Tokyo Electric Power Company, were astonishingly unprepared, at almost all levels, for the complex nuclear disaster that started with an earthquake and a tsunami,” say the authors. “And this grave oversight will affect the Japanese people for decades.”

“Ultimately, the final outcome of studies of Fukushima Daiichi should be an intense effort to build up the resilience of the country, its organizations, and its people, so future disaster can be averted or responded to effectively,” the authors conclude.

About the Commission on the Fukushima Daiichi Nuclear Accident

The Rebuild Japan Initiative Foundation established the Independent Investigation Commission on the Fukushima Daiichi Nuclear Accident in September 2011. The commission consists of six respected experts, and is chaired by Koichi Kitazawa, former president of the Japan Science and Technology Agency and a renowned scientist.

The report is authored by Yoichi Funabashi, chairman of the Rebuild Japan Initiative Foundation and a distinguished guest professor at Keio University, and Kay Kitazawa, staff director of the Rebuild Japan Initiative Foundation’s Independent Investigation Commission on the Fukushima Daiichi Nuclear Accident and a specialist in city planning and management, advising prefectural governors and mayors in Japan.

Further information is also available online at: http://rebuildjpn.org/en/

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Journal Reference:

Yoichi Funabashi and Kay Kitazawa. Fukushima in review: A complex disaster, a disastrous response. Bulletin of the Atomic Scientists, 2012 DOI: 10.1177/0096340212440359

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Why Smart Grid Technology-testing Standards are critical

In the last four years, a great deal of time, creativity, engineering and sweat have been invested in jumpstarting Smart Grid rollout in the United States. A lot of money, too.

To a large extent, the U.S. research-and-development dollars that have been invested have gone toward either inventing or demonstrating disparate pieces of the Smart Grid. They are important pieces—unquestionably—that will play critical, long-term roles in the next-generation, interstate facility for two-way information and power flow. But, still, they are only pieces, and ultimately those pieces must fit together seamlessly within a systems-level architecture and vision if our nation is to fully realize the Smart Grid’s most powerful potential benefits—dramatically reducing carbon footprint, ensuring energy security for decades moving forward, creating wholly new business models, reining in consumer and utility costs, etc.

Other countries are taking different paths on the Smart Grid journey. China, for example, where decision-making and utility policy-making are more centralized, is set up to adhere to the systems approach. That country’s strong interest in IEEE 2030™ “IEEE Guide for Smart Grid Interoperability of Energy Technology and Information Technology Operation with the Electric Power System (EPS), End-Use Applications, and Loads” is clear evidence of China’s systems/architectural emphasis.

The United States is not built to operate in the same fashion, but such cultural and political differences do not necessarily mean that it is doomed to status as a Smart Grid laggard. On the contrary, the federal government’s relative concentration of Smart Grid investment in material science and demonstration of deployments figures to precipitate creation and introduction of some truly innovative technologies. Just as importantly, development and adoption of technology-validation and -testing standards can help ensure that utilities, manufacturers and consumers are able to identify those innovations that will actually work and can be cost-effectively utilized within the broader Smart Grid
vision.

That’s why research-and-development investment in such standards is so critical to U.S. national interests with regard to the Smart Grid. In the U.S. system of independent utilities’ making their own infrastructure decisions, technology-validation and -test standards serve as a necessary bridge for the safe, economical and operationally feasible technical transfer of research into the private, commercial sector. They give confidence to technology buyers and pave the way for broad-scale adoption of the most innovative products.

We have examples of success in this area. IEEE 1547.1™ “Standard Conformance Test Procedures for Equipment Interconnecting Distributed Resources with Electric Power Systems,” for example, specifies the type, production and commissioning tests for conformance to IEEE 1547™ “Standard for Interconnecting Distributed Resources with Electric Power Systems.” Furthermore, IEEE P2030.3™ “Standard for Test Procedures for Electric Energy Storage Equipment and Systems for Electric Power Systems Applications” is in development.

Without such standards, the opportunity to keep in check Smart Grid-development costs through architectural and systems approaches could be squandered. Even worse, grid stability, reliability and safety could be jeopardized. Furthermore, if the United States fails to at least maintain if not accelerate the momentum of what we are doing with the Smart Grid, it risks losing its influence on shaping the global and intensifying movement. Large-scale manufacturers of Smart Grid technologies might be more inclined to build products geared for markets that are taking the systems approach, such as China.

The U.S. power industry is convinced of the need for grid modernization to shoulder even today’s electricity demands, much less tomorrow’s, and the U.S. government undoubtedly wants to remain a worldwide Smart Grid leader. At the same time, throughout both industry and government, we see organizations scouring for ways to slash costs.

Research-and-development investment in technology-validation and -test standards is absolutely not the right place—for the United States, especially—to cut Smart Grid corners.

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Attention Drivers – You Better Get Used to Higher Gas Prices

We hear the press clamoring about the price of gas. We see it when we fill up at the local gas station. Gas prices have recently skyrocketed. This is not the first time and this certainly will not be the last time. Consider this one of many downsides of globalization. Political instability, market speculators, and global demand will affect the US for many years to come. This is the world we live in and for better or for worse, this is the world we will be living in for quite some time.

The Keystone XL pipeline is unlikely to provide relief. It is true the pipeline will bring more oil to the U.S. and create additional jobs in the process. However, many other factors control the price we pay at the pump.

T. Boone Pickens can drive a natural gas powered vehicle but there are serious limitations to widespread adoption. These limitations include the availability of cars that run on natural gas, the limited number of fueling stations, and an aging natural gas infrastructure. Even if we were to push harder for the development of biofuels, the widespread adoption is still years away.

For all the political grandstanding this election year, one word that politicians do not dare mention is the word “tax.” While skyrocketing gas prices affect almost every facet of our lives, there is another piece of the puzzle that has long been ignored. This is the gas tax.

Each time we go to the gas station and fill up our gas tanks, we pay a tax per gallon. The federal government and state governments impose separate but similar taxes. The revenues from gas taxes are used to help build and repair our nation’s roads, highways, and bridges. To a lesser extent, they help pay for mass transit infrastructure.

Where am I going with this? Well, there is no doubt that increased gas prices will have an effect on how much we drive and what type of car we drive. If we drive less and drive more fuel efficient cars, the government collects less money. While it is true that the less we drive, our roads, highways, and bridges will have less wear and tear. However, the government still needs money to build and repair them. If the government collects less in revenues for this purpose, they will eventually have to raise the tax to account for the shortfall.

The combination of rising average gas prices and the long term prospect of an increased gas tax means that four dollars or more per gallon will be the norm rather than a periodic blip.

Walter Wang is Managing Editor of CleanTechies. Follow Walter on twitter: @energytaxprof.

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11 Clean Energy Stocks for 2012: Quick Update

11 Clean Energy Stocks for 2012: Quick Update | Alternative Energy Stocks



11 Clean Energy Stocks for 2012: Quick Update


Tom Konrad CFA

Experimenting with morefrequent updates

In the past, I genrally only wrote about my annual list of tenclean energy stocks on a quarterly basis, but when I wrotelast month to apolgize for inadvertently slipping in an extrastock, and in the process wrote a few notes on a couple ofthe stocks with news, a couple readers wrote to say they liked themore frequent updates.  So let it be written, so let it bedone. 


Leave a comment if you think it’s something I should continuedoing, or if you think my limited writing time is more valuablyspent talking about stocks you have not already heard about.

Portfolio performance

February was kind to my stock picks, which had a total returnsince the start of the year of 19.5%, up from 15.1% at the startof February.  The hedged portfolio showed a gain of 16.1%, upfrom 12%.  Meanwhile my benchmarks both lost ground, theClean Energy ETF PBWfalling back to 10.9% from 20.8% at the start of February, and theRussell 2000 ETF IWM falling from a gain of 12.3% to a gain ofonly 8.8% for the year.


For details on the composition of the portfolio and hedgedportfolio, see the original article: 10[sic] Clean Energy Stocks for 2012.  Stock-by-stockperformance and dividends are shown in the chart below.  Notethat the performance of foreign-traded stocks mrked with * iscalculated based on the prices in their home markets converted todollars at the prevailing rate at the time.

11for12Feb.png
Stock Notes

Euro Stocks Rebound as CrisisFades


The three European stocks (Rockwool [ROCK-B.CO]up 28%, Veolia [VE]up 31%, and Accell [ACCEL.AS]up 22%) have done well this year, as investors worst fears of theoutcome from the Greek debt crisis begin to fade.  Veoliaclimbed 15% over the last two days basedon its announcement that the company is in talks to sell itsmass transit unit.


Alterra Rises on HS Orka


The top performer has been Alterra Power [MGMXF.PK/AXY.TO.] I think the 57% gain so far this year is partly based on the factthat the company had been so beaten down last year, and theannouncement that the group of Icelandic pension funds that owned25% of its HS Orka geothermal plant had increasedtheir stake to 33.4%.  This is good for Alterra in twoways: the cash can be used for investments in other renewableenergy projects, and the greater local ownership of the Icelandicpower plant helps to blunt the criticisms of Icelandicnationalists who who have been highly critical of foreignownership of this power plant, which meets 9% of Iceland’selectricity needs and 10% of its heating needs.


Depressed Stocks Cheer Up


The other star performer has been transit bus manufacturer NewFlyer (NFYEF.PK/NFI.TO). I believe the stock’s rise has been mostly a rebound fromexcessively depressed levels at the start of the year.  Evenat the current $7.89 a share, I think this high-yielding stockremains an excellent value.  The story at Waterfurnace (WFIFF.PK/WFI.TO)is similar, with the stock rebounding from severely undervaluedlevels at the start of the year on little news of note.


Drifting in the Western Wind


The worst performer has been Western Wind Energy (WNDEF.PK/WND.V.) This stock has been drifting slowly downward on a lack of newsafter rejecting potential buyout at the end of last year. Since the company has completed its Windstar and Kingman windfarms, the value of the company has risen appreciably since I wroteabout it in late 2011, so the price decline represents anopportunity to pick up a deeply undervalued renewable energy powerproducer.  I have a limit order in to buy a little more atslightly below the current price, despite my fairly large existingposition in the stock.

Conclusion

It’s been a good year so far for my picks, much like the start ofmy last banner year, 2009.  As I wrote when I introduced thislist,


I’m optimistic about 2012.  Unless we see a totaleconomic meltdown…, I expect strong appreciation of thisportfolio of undervalued clean energy stocks in 2012.

DISCLOSURE: Long WFIFF, LIME,AMRC, RKWBF, WM, VE, ACCEL, NFYEF, FNVRF, WNDEF, MGMXF, and putson IWM and SPY.

DISCLAIMER: The information andtrades provided here are for informational purposes only and arenot a solicitation to buy or sell any of these securities.Investing involves substantial risk and you should evaluate yourown risk levels before you make any investment. Past results arenot an indication of future performance. Please take the time toread the full disclaimer here.



11 Clean Energy Stocks for 2012: Quick Update was posted on AltEnergyStocks.com.



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Posted by Tom Konrad on March 2, 2012 11:29 PM | 11 Clean Energy Stocks for 2012: Quick Update

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Suck It Up: A book about climate change, geoengineering and air capture of CO2


Editor’s note: Marc Gunther is a long-time Advisory board member and contributor to TEC. Congratulations to Marc on the publication of his new book!


I’m pleased to let you know that my book, Suck It Up: How capturing carbon from the air can help solve the climate crisis, is being published today as an Amazon Kindle Single. Please buy the ebook here for just $1.99.


The book reflects two years of reporting and my best thinking about three topics that matter: climate change, geoengineering and a technology called direct air capture of CO2. It explains why we’ve made so little progress (none, actually) in dealing with the climate threat, and how that might change. Part of the answer is to look for ways to recycle and reuse CO2.


I’m going to print the introduction to the book below, but first a word about the publishing process. As the newspapers, magazines and book publishers that traditionally support long-form journalism are struggling, exciting new outlets like blogs and ebooks are opening up. I’m the publisher as well as the author of Suck It Up, with a big assist from Amazon, which has selected the book as a Kindle Single.


The Kindle Single allows writers to tell stories that are longer than a magazine article and shorter than a book. Suck It Up is about 17,000 words long, the equivalent of 60 to 70 double spaced typewritten pages. It’s intended to be read in one or two sittings, and it’s priced so the ideas in it will spread. If you don’t own a Kindle, you can read the book on your smart phone, iPad or laptop. Just download the free Kindle software here.


I’d like to sell lots of copies of Suck It Up not just because I think it’s a good read about an important topic, but because I want to make the ebook business model work. It’s an exciting new platform for in-depth reporting.


So, please read the intro, check out the book and if you like it, help me spread the word through social media or the old-fashioned way–tell a friend about the book. 


INTRODUCTION


This book may depress some people. It shouldn’t. To the contrary, I’d like to stimulate a conversation about new ways to think about global warming, the most daunting problem facing humanity. To start, we need to face a grim reality: Governments, businesses and environmentalists have failed miserably to deal with the threat of climate change.


This June will bring the 20th anniversary of the 1992 Earth Summit in Rio de Janeiro, Brazil. There, officials negotiated a treaty—it’s known as the United Nations Framework Convention on Climate Change—in which they agreed to stabilize greenhouse gas concentrations in the atmosphere “at a level that would prevent dangerous anthropogenic interference with the climate system.” Some 192 countries, including the United States and China, ratified the convention. Since then, annual global emissions have grown by nearly 45%. Atmospheric concentrations of CO2 are rising steadily. The risks posed by climate change grow every day.


In the U.S., climate regulation appeared tantalizingly close just a few years ago. More than a dozen FORTUNE 500 companies, including GE, Ford, Shell and Duke Energy, joined with influential environmental groups to form the U.S. Climate Action Partnership to press Congress to “enact strong national legislation to require significant reductions of greenhouse gas emissions.” In 2008, presidential candidates Obama and McCain supported legislation to cap carbon emissions.  But President Obama made the economy and health care his priorities, and the Republicans morphed into implacable opponents of climate regulation. A weak cap-and-trade bill barely cleared the U.S. House of Representatives and never came to a vote in the Senate.


What’s maddening about the lack of progress is that we know what to do about global warming–or at least we think we do. Back in 2004, physicist Robert Socolow and ecologist Stephen Pacala, both of Princeton, wrote an influential paper in Science: They argued that energy efficiency, nuclear power, low-carbon fuels, avoided deforestation and other current technologies that they called “climate wedges” could be deployed right away to stabilize emissions.


“Humanity,” they wrote, “already possesses the fundamental scientific, technical, and industrial know-how to solve the carbon and climate problem for the next half-century.”


Since then, Socolow is among those who have been dismayed by the resistance to climate action.


“I know no one who predicted that the climate change message would be rejected on a scale that it is now,” he says. “Scientists and environmentalists interested in getting climate taken seriously have failed beyond their wildest imaginations…We are losing the argument with the general public, big time.”


This no accident. But the reasons why climate regulation has failed are not widely understood. Yes, the recession made it hard for Congress to pass a costly scheme to regulate greenhouse gas emissions. Yes, fossil-fuel interests spent a fortune opposing cap-and-trade. Yes, partisan media like Fox News gave a platform to climate skeptics and the mainstream press found it hard to sound an alarm about an invisible, sl0w-moving threat.


But the obstacles that stand in the way of a climate regulation are bigger than any of that.


One is the need for a global solution. Had Congress acted to put a price on carbon, as the European Union has, that would have been a good start–but only a start. CO2 emitted anywhere spreads everywhere. To curb greenhouse gas emissions, Canada will have to stop extracting oil from the tar sands of Alberta. Brazil will have to decline to exploit rich oil deposits off its Atlantic Coast. China will have to stop building coal plants. Governments all over will have to support nuclear power plants, allow wind turbines to spoil some ocean views, and put solar arrays in beautiful desert places. We’ll all have to spend more money for energy, because it’s expensive to capture emissions from coal plants or build the batteries for electric cars.


A second fundamental obstacle is this: The costs of mitigating emissions will be felt immediately but the benefits — essentially, reducing the risk of climate disasters — won’t be felt for years. Governments find it hard, for obvious reasons, to impose costs on people today to generate uncertain benefits in the future.


Finally, there’s the thorny question of how rich and poor countries will share the costs of financing a transition to a low-carbon economy.


This is why climate change is the most difficult problem mankind has ever faced.


“Climate change is the biggest collective action problem, probably, in human history,” says Scott Barrett, the Lenfest-Earth Institute Professor of Natural Resource Economics at Columbia University. “It always was, in theory. Now, after 20 years of action, we’ve seen that it is in practice.”


See what I mean about depressing?


And yet.


This book offers a way out. That’s why I wrote it. I’ve been writing about the social and environmental impact of business for years. I’ve seen how markets can solve big, complicated and seemingly insurmountable problems. Who could have anticipated the benefits generated by electricity, air travel or the Internet? Who could have predicted that globalization would lift hundreds of millions of people out of poverty in China and India? Markets work fast. Governments are sluggish.


That’s why we need to explore new approaches to global warming. One is geoengineering: Planetary-scale actions designed to counter the climate effects of greenhouse gas emissions.


In particular, we ought to take a close look at a set of emerging technologies that are designed to capture carbon dioxide from the air. Backers of these technologies, which are sometimes called direct air capture of CO2, say, with good reason, that they shouldn’t be thought of as geoengineering.  They’re more akin to recycling.


Why, they ask, can’t we find ways ways to capture and recycle CO2 the way we now collect and recycle newspapers or aluminum cans? Suck it up–and then make it into something useful. As it happens, scientists already know how to pull CO2 out of the air. But the conventional wisdom holds that it’s costly and impractical to do so. In the pages ahead, you’ll meet some smart people — including Bill Gates — who are trying to prove the conventional wisdom wrong.


My first sustained exposure to geoengineering and air capture came in February, 2010, when I was invited to a private meeting of the trustees of the Environmental Defense Fund, one of America’s most respected environmental groups, at the Cavallo Point Lodge in Sausalito, CA. Steve Hamburg, EDF’s chief scientist, brought together scientists, economists and policy experts to talk about what it might mean for scientists to invent the equivalent of a global thermostat. “Part of my job is to bring new ideas and issues to the organization,” Hamburg told me later. Even if they sound a little crazy at first.


One of the speakers that day was David Keith, a physicist who was then teaching at the University of Calgary and has since joined the faculty at Harvard. Keith is a brilliant scientist, an entrepreneur and a strong advocate of government-backed research into geoengineering. He has a way of disarming critics by acknowledging the obvious problems with the idea of deliberately manipulating the earth’s climate.


Geoengineering, Keith said that day, “is like chemotherapy. It’s something nobody should like.”


But, as his listeners immediately understood, we treat cancer patients with chemotherapy because it’s better than the alternative. Someday, Keith said, we may turn to geoengineering for the same reason: Like it or not, in the event of a climate emergency, geoengineering could be best option we have to head off a global catastrophe.


Keith, for his part, has become so convinced of the need for new climate solutions that, with the financial backing of Bill Gates, among others, he has started a for-profit company to build machines to remove carbon dioxide from the air.


Geoengineering raises thorny questions. Will it work? What might be the side effects? Who gets to decide when to deploy it? Who controls the global thermostat? What if Russia and Canada decide it’s fine to let the earth get a bit warmer, but India wants it cooler? Some scientists have mused about “geoengineering wars.”


I needed to know more. What I learned surprised me, and it will surprise you, too.

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