renewable energy

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CIA World Factbook 2007 figures of total nomin...Image via Wikipedia

According to a McKinsey Global Institute report released at the end of July, the world economy will have to improve its "carbon productivity" - the amount of gross domestic product (GDP) created per unit of CO2 - by a factor of ten by 2050 to stop global climate change in its tracks while continuing to enable a healthy level of growth. The report predicts that the cost of this transformation will amount to 0.6% - 1.3% of global GDP by 2030. They note that this compares favorably to the cost of insurance born by economies, which amounts to more than 3% of GDP.

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Exponential growth of computing. 20th to 21st ...Image via Wikipedia

In his call to action two weeks ago, Al Gore compared the future development of solar electricity sources to the development of the semiconductor industry. His implication was that Moore's Law, which reliably predicted that the price/performance of semiconductors doubled every 18 months, would also apply to photovoltaics.

ComputerWorld, in an article two weeks ago, assesses this comparison as flawed. (As did Harry Gray of Cal Tech, as I reported earlier today.)

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Artists conception - Manhattan covered with solar cells

Artist's conception - Manhattan covered with solar cells. If Walmart covers all its roofs with solar cells, they'll cover an area equal to Manhattan

The New York Times has a story today about the big box stores rushing to get solar cells on their roofs before a Federal tax break expires at the end of December. The article's analysis is that they are primarily doing it for PR purposes, since PV-based energy is still a lot more expensive than conventional. The benefits of being able to say they are green are compelling. But the companies put a slightly different spin on it:

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Thomas Friedman's OpEd on Sunday describes how Denmark has achieved energy independence, and illustrates the numerous benefits for the country, including a very low unemployment rate and a large new export market.

When the 1973 oil shock hit, Denmark got 99 percent of its energy from the Middle East. Now they get zero. The country has combined massive energy efficiency programs, such as using waste heat from power plants to heat homes (known as "cogeneration"), with alternative energy sources like windmills (20% of their energy comes from the wind now), effective use of their own petroleum resources in the North Sea, and incentives for lowering energy use via high taxes on gasoline.

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A report from Worldwatch Institute details the way that traditional high carbon industries, such as coal, are shedding jobs while renewable energy and energy efficiency industries are adding jobs.

An estimated 2.3 million people worldwide currently work either directly in renewables or indirectly in supplier industries. The solar thermal industry employs at least 624,000 people, the wind power industry 300,000, and the solar PV industry 170,000. More than 1 million people work in the biomass and biofuels sector, while small-scale hydropower employs 39,000 individuals and geothermal employs 25,000.

It's not just those people and organizations applying clean and renewable energy who are profiting, but also those doing the work.

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