The Cost of Climate Change

Who's Gonna Pay For Global Warming?

8/04/2013 - Who do you think? The middle classes of the developed world will pay with their hard-earned taxes. The poor of the world will pay with their blood, sweat and tears. And half the species on this planet will pay with their lives. The 1% won’t even notice, although Bree might wonder why her friend’s island get-away seems a bit smaller.

We can discuss the environmental effects, sea level rise, loss of biodiversity, droughts, and all the physical effects of a warming world, but it’s the economic effects that matter the most to people. And since money is our avatar for reality, that’s probably OK.

According to many studies on the economics of climate change (2006 Stern Review; World Bank; National Bureau of Economic Research), the effects of even a moderate temperature rise of 2°C (~3.6°F) would cost the world several trillion dollars per year, although that rises the longer we wait to react. read more>>>

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Running on Hydrogen

Powering the Future

August 5, 2013 - When it comes to cars, Toyota thinks hydrogen fuel cells are one of the technologies of the future. And the company isn't alone.

Offering the promise of a clean ride with long range, it's a technology automakers are racing to perfect, and one they're betting will catch on.

"We see fuel cells as the ultimate answer (down the road) to zero-emission vehicles," Toyota spokesman Wade Hoyt told CBSNews.com. "By 2020, we're going to have fuel cells as an important part of our portfolio." read more>>>

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Alternative Energy Finally Grows with No Where to Go

Newly available wind power often has no place to go

August 5, 2013 - The windswept prairies of the Midwest are undergoing an energy transformation the electric grid can’t handle.

Wind turbines tower over rural vistas in the heartland, where the clean energy source is becoming increasingly popular with utility companies that face state-mandated renewable energy standards. Unfortunately, the nation’s aging power grid is hampering those efforts.

At the end of last year, installed wind-generation capacity totaled 60 gigawatts nationwide – 5 percent of the nation’s production capacity – according to data from the U.S. Energy Department’s National Renewable Energy Laboratory. Another 135 gigawatts of potential wind production awaits development and connection to the grid, according to industry data.

“There hasn’t been a lot of investment in the grid for the last two decades,” said Michael Goggin, a senior analyst at the American Wind Energy Association, the industry’s main trade group. “We just don’t have a strong grid that’s built out in the parts of the country where there are a lot of wind resources.” read more>>>

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