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Climate Progress – Energy and Global Warming News for November 10th

From Climate Progress:

Energy and Global Warming News for November 10th; Governments gave 6 times more to fossil fuels than renewables in 2009; Oil price escalation coming due to inaction on climate

$312 Billion: Governments Gave Six Times More to Fossil Fuels Than Renewable Energy in 2009, IEA Report Says

According to the International Energy Agency (IEA) global subsidies for fossil fuel production were almost six times that of renewable energy subsidies 2009.

In its annual World Energy Outlook report [pdf], released today, the IEA says the fossil fuel industry received US$312 billion compared to US$57 billion for renewables.  The majority of the subsidized funding for fossil fuels came from developing countries.  The World Energy Outlook-2010 sees oil as the leading fuel in the energy mix until 2035.

[…]

Oil Price Escalation on the Way Due to Lack of Climate Action?

Sadly, much more than concern for future generations or concern for other creatures on the planet, a slight reduction in the amount of money in people’s wallets (or the number of new gadgets or clothes they can buy) may be the biggest driver of environmentally-responsible behavioral change. Well, it looks like this driving factor may be on the move.

In its annual World Energy Outlook report, the International Energy Agency warned yesterday that the failure last year to create a meaningful climate agreement in Copenhagen and weak implementation of the general goals that were agreed upon is likely to result in considerable oil price escalations.

[…]

California’s Air Quality Plan to be Rejected by the EPA

Yesterday, the US Environmental Protection Agency (EPA) proposed to disapprove plans developed by the California Air Resources Board (CARB). The air quality plans aimed to bring areas with poor air quality such as the South Coast and San Joaquin Valley into attainment with national health standards for particulate emissions. The fine particulates, known as PM2.5 are notoriously bad in places like Los Angeles and the surrounding area.

[…]

America’s Energy Question: What Price Will it Take to Commit to Renewable Energy?

The economic recession has hit renewable energy industries in the United States hard, and the effects have been accentuated by the country’s lack of national renewable energy policy.

Many renewable energy businesses have found it increasingly difficult to receive money from financial institutions since 2008.  Yet, even when the finances have been in order, these companies have seen their projects halted by regulatory bodies which deem the cost of their energy as an added expense to the already tight monthly budget for American consumers.

The New York Times reports that deals for utilities to purchase renewable energy have been delayed in states such as Virginia, Idaho, Kentucky, and Florida.  Michael Polsky, the owner of Invenergy, a wind farm company, says his contract to sell energy to a utility in Virginia was rejected by state regulators.  The regulators cited the recession in their decision, and stated that energy produced by natural gas was a cheaper and better option for ratepayers — wind power would have increased monthly bills by 0.2%.

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