By Jane Hoffman, Michael Hoffman
Colors of eco-friendly - power, Economics, and the Environment
Green: your home within the New power Revolution, Hoffman, Jane and Hoffman, Michael J.
Publisher: Palgrave Macmillan; 2008, 272 pages, ISBN-10: 0230605443
"May you reside in attention-grabbing times." - previous chinese language curse.
"The line it's drawn, the curse it truly is solid" - Dylan
Jane Hoffman, a coverage wonk, and Michael Hoffman, a certified capitalist, have written an amazing ebook at the demanding situations and possibilities we are facing in relocating from a fossil gasoline dependent economic system to a sustainable strength economic climate. Their meant viewers contains those that take into consideration the place the strength they use comes from, who paintings, or are looking to paintings within the box. if you are able during which you're making vote, or make coverage, then you definately may still learn this ebook. if you are lifestyles expectancy is larger than four years, otherwise you have childrens or grandchildren, then you definitely should still learn this booklet. except you are dwelling off the grid, then you definitely should still learn this book.
1."Remaining reserves of oil on the planet are only adequate to final us for an additional thirty-six to forty-five years."
2."The worldwide call for for electrical energy is projected to develop by way of seventy five% within the subsequent 12 years."
3.Americans threw over ninety five billion barrels of oil within the rubbish final yr by way of now not recycling plastic bottles.
4.Burning fossil fuels pushes lots of greenhouse gases and different issues - mercury, oxides of sulphur, and oxides of nitrogen into the air we breathe.
1."It is feasible to seriously lower the base line of your electrical energy invoice by means of switching to a renewable energy source."
2.Switching to renewable and sustainable strength platforms will increase or nationwide protection, our economic climate, the surroundings, and our overseas competitiveness.
a safe strength destiny, they are saying, is a functionality of Renewable strength, Conservation, and New know-how.
If "assets = liabilities + fairness" is the canonical equation of accounting, then the subsequent primary equation is:
a safe power destiny = Renewable strength + Conservation + New Technology.
Jane is knowledgeable on shopper concerns. previously the chair of the Presidential discussion board on Renewable power, she used to be additionally Commissioner of the dep.. of purchaser Affairs in ny urban throughout the Giuliani management. Michael, her husband, is handling director of Riverstone Holdings, LLC, the place he manages the world's greatest renewable strength fund. He was once previously a senior accomplice within the Blackstone team.
The Hoffmans imagine that we have been on a collision direction with a cliff, they give a rational, calm research and reasoned argmuents for re-building the economic climate round a sustainable strength infrastructure. I consider their thesis, locate their arguments to be compelling, and believe their conclusions.
they begin by way of discussing the matter:
We use seventy five million barrels of oil every day, 27.4 billion barrels in keeping with yr.
43.5 million barrels in keeping with day, 58%, is utilized in transportation.
24.75 million barrels in keeping with day, 33%, is used for herbicides, insecticides, fertilizers, and plastics.
Plastics in luggage, water bottles, and packaging - are used as soon as, then discarded.
Plastics that aren't recycled will will persist within the surroundings for centuries.
Altho Jane says she limits the volume of tuna she serves since it includes mercury from burning coal, the Hoffmans do not reside on pollutants or "health effects." They specialize in power, the financial system, and possibilities. even though, it really is worthy noting that plastics, insecticides, herbicides, and fertilizers functionality like pollution within the ecosystems during which they're utilized or within which they acquire. As Al Gore famous in Washington, "we are borrowing cash from China to shop for oil from the Persian Gulf to burn it in ways in which damage the planet."
The Hoffmans recognize what we need to do: "Right away, construct extra effective autos and an alternate fuels infrastructure." "Natural gas," they are saying, "is a cleanser fossil gasoline, it's not a fresh fuel." Coal emits 208,000 kilos of carbon dioxide in step with billion BTUs of power. Oil emits 164,000 kilos of CO2 consistent with Billion BTUs. normal fuel emits 117,000 kilos according to billion BTUs. As they be aware, it is much less, yet it really is nonetheless much. it is "117,000 kilos of CO2 that our surroundings can sick afford."
Coal is ample and inexpensive, yet soiled. each ton of coal produces approximately 3.667 a whole bunch CO2. And "Clean Coal" in accordance with Jane, is "an oxymoron." yet since it produces approximately 33% of the electrical energy we use, we will not simply cease chilly turkey, it needs to be phased out. we need to burn coal, if we need our TV's, radios, iPods, desktops, lighting fixtures, and air conditioners. If we need to burn coal we must always do it as cleanly as attainable.
The Hoffmans additionally discuss Carbon Sequestration. within the usa we produce 20.5 lots of CO2 in keeping with yr. common sequestration - the carbon absorbed in timber - is 1.33 plenty in line with a hundred years. we might each one need to plant 1541 bushes in line with 12 months to offset the carbon we push into the ambience. Technological sequestration isn't really totally constructed. The Bush management funded study into "clean coal," and pulled the plug at the destiny Gen plant as the $1.8 billion ticket was once too excessive, in accordance with former strength Secretary, Samuel Bodman. The Obama DoE renewed investment at the venture, promising an extra $1.073 billion.
this is the place I believe Jane that "Clean Coal" is an oxymoron. $1.1 billion extra investment for a 1.1 gigawatt (GW) plant provides $1.00 according to watt to the price of the plant. If it is a 550 megawatt (MW) plant, then it provides $2.00 in step with watt. If, just like the Polk energy station in Tampa, Florida and the Wabash Plant in Terre Haute, Indiana, this can be a 250 MW plant, then it provides $4.00 in step with watt. Photovoltaic sun charges approximately $6.50 in line with watt or $6.50 billion consistent with GW in overall. the entire rate and capability of the plant are very important information which are lacking from the equation. we all know that the plant will use 2500 gallons of fresh water according to minute, and 1.3 billion gallons consistent with yr. we have to understand the price of the water, the price of the gasoline, and the price of cleansing and dealing with the mercury, arsenic, sulphur, nitrogen - the poisonous sludge. one of many primary rules of neo-classical accounting is that judgements are made with whole wisdom. until we all know those expenditures we will not make an clever determination.
additionally they say "60% of the amenities we are going to want in two decades aren't but lower than construction." it seems that sun is more affordable than coal. And wind is ready part the cost of sun. if so then "economic guy" would select to construct fresh renewable power amenities.
"Nuclear strength fell into disfavor within the Nineteen Seventies partially in line with the twist of fate at 3 Mile Island after which later at Chernobyl. ... typically, notwithstanding, it is a reaction to the economics of creating and keeping nuclear energy plants." (pg fifty four)
Hydrogen will not be "clean" until it does not come from fossil fuels. The Bush management pledged $2.9 Billion to $3.6 Billion to create a hydrogen infrastructure in five years. The Bush Adminstration additionally devoted $195 million an afternoon within the battle in Iraq - spending in 15 to 18 days what it devoted to over five years. however the worst factor in regards to the Hydrogen gasoline Initiative is that the timeline is 2020 - becoming in good with the folks in Detroit who bankrupted GM and Chrysler. we have to movement now, and hydrogen isn't really a close to time period answer.
The Hoffmans additionally discuss the golf green in eco-friendly - funds. $200 billion in U. S. subsidies to the fossil gas in 2007. let alone the cash spent on "externalities:" bronchial asthma, melanoma, immune problems, early dying. They demand govt funding in sunlight, wind, geothermal, conservation and study and improvement.
The Hoffmans finish with a few remark in regards to the destiny. The U.N. weather switch conference in Bali coincided with the rejection by means of the USA of a "Realistic power invoice that may bring about us to increase a safe and sustainable strength future." The Hoffmans imagine lawmakers fail to attach the dots from strength to the surroundings and the financial system. "Countries with a Renewable power Economy," they are saying, will lead. "Others can be at a major financial drawback. we have to throw off the lethargy of 'What we have now continuously performed' and embody 'What is possible.'"
eco-friendly: your house within the New power Revolution is sweet. it truly is concentrated, calm, and transparent. there is not any hyperbole. They Hoffmans are pragmatic optimists, they do not whitewash the problems, or greenwash bogus applied sciences. i do not be aware of if Steven Chu on the division of power will be operating for the Hoffmans or the Hoffmans may be operating for Dr. Chu. yet something is sure: The Hoffmans could be operating with Obama for the rustic: Jane Hoffman with Steven Chu at DoE, and Michael Hoffman within the position of Timothy Geitner at Treasury.