Green is alive and kicking. But it’s in a very different state than just a few months ago. Actually it’s not in a different state, it’s in different countries. All but the US. You know: Denmark, and China.
When the climate bill was killed in the Senate, they world changed. Important incentives that affected consumers, home owners as well as businesses expired at the end of 2010. Cancun was hobbled from the start. Don’t invest in clean energy for now (unless you’re shorting).
So now in the US we wait to see how the rest of the world will Raymond lunch. All we can do is take a different tack.
The EPA has teeth and has bared them several times, this week vetoing a previously approved mountaintop removal coal mining permit, for example. I am glad they have these teeth, but it’s not a solution, just a firewall.
In an odd paradox, the tool left to the EPA after the climate change bill was scuttled by Republicans not wanting regulation was an EPA whose only weapon was regulation. At the same time the business friendly, conservative created Cap and Trade approach, which would have provided predictable, incremental change was killed. So the more fickle act of regulation is now what businesses got.
Massey Energy and I are both sad about that outcome. Strange bedfellows.
Meanwhile, our old friend, oil prices, are sticking over $90/bbl and gasoline prices continue to creep up. Weather events continue to be extreme and unusual, consistent with predictions of climate change science. GM and Nissan have electric cars for sale. We continue to subsidize mortgage interest, but have revoked incentives to make homes more efficient. Odd.
Business is back to usual. Let’s hope the true believers in market forces are right. All indications are that they are wrong, but don’t let the facts get in the way of political expedience and dogma. If they are wrong, the dogmatists, we will have caused the US to lose an edge that will be hard to regain. To China!
Irony? More like stupidity