Power to the People
How the Coming Energy Revolution will Transform an Industry, Change our
Lives, and Maybe Even Save the Planet
Imagine a world where SUVs emit harmless water vapor instead of
dangerous toxins, where consumers sell electricity back to utility
companies – for a profit?
TODAY’S ENERGY REVOLUTION IS BIGGER THAN THE INTERNET REVOLUTION
The break-up of AT&T over two decades ago unleashed the flurry of
innovation, entrepreneurship and investment that brought the world
cellular telephones, broadband cable, cheap long-distance calls and, of
course, the Internet. What is about to happen in the energy realm is
every bit as dramatic as the telecommunications revolution and much more
important.
In POWER TO THE PEOPLE (Farrar, Straus and Giroux; November 2003;
$25.00) Vijay V. Vaitheeswaran, the energy and environment correspondent
for The Economist, explains the great opportunities in the energy realm
today. He argues that there are three interrelated forces reshaping the
world of energy:
1) The global move toward the liberalization of energy markets. Around
the world, governments are liberalizing their energy markets and opening
their borders to cross-border trade in gas and electricity. (The result
is an outpouring of entrepreneurship, financial capital, and
innovation).
2) The emergence of a new generation of market-friendly environmental
activism. Concern about local air pollution and climate change is
leading to intervention in favor of cleaner power and transport.
3) An explosion of technological innovation based on hydrogen energy and
fuel cells.
He goes on to explain how shifting to the use of hydrogen energy will
turn the energy industry—as well as the green debate—on its head. News
about the environment doesn’t usually inspire optimism, but
Vaitheeswaran’s multi-disciplinary experience allows him to imagine an
energy industry and a world in which contentious parties work
together—and in their own best interests—toward a brighter tomorrow.
Most importantly, he lays out the practical steps we’ll take to get
there. He cuts through the rhetoric of the right and the left and finds
the ideas he believes will really work—such as free markets working
together with environmental goals—and profiles quirky and visionary
players from all sides. The planet-saving ideas he reports on are far
from idealists' whims. They are supported by the likes of Ford, GE,
Motorola, Shell Oil, BP, the US Army, and Presidents Bush and Clinton,
as well as environmentalists.
Cleary, this shift away from an oil-based industry will have huge
ramifications—politically as well as environmentally. Energy is the
world’s biggest business, generating nearly 2 trillion dollars a year,
and the way we use energy now is the single most destructive thing we do
to our planet. The key to sustainable development lies in the clean use
of energy and POWER TO THE PEOPLE shows us how today’s energy revolution
promises just that.
Vijay V. Vaitheeswaran is The Economist’s Environment and Energy
Correspondent, covering developments in politics, economics, business,
and technology as they relate to energy issues. He has received awards
for his journalism, and previously wrote about Latin America as the
magazine's regional bureau chief in Mexico City. Born in Madras, India,
he grew up in Cheshire, Connecticut and graduated from MIT with a degree
in mechanical engineering. He now lives in New York.
www.vijaytothePeople.com
POWER TO THE PEOPLE: How the Coming Energy Revolution Will Transform an
Industry, Change Our Lives, and Maybe Even Save The Planet will be
published by FSG in November 2003. For more information, please contact
Sarita Varma at 212-206-5327 /
svarma@fsgbooks.com
©2003 Vijaypower, Inc. Article originally published at:
http://www.vijaytothepeople.com/book.html |