Mixture of Sun and Clouds for Obama's Second Term
Location: New York
Date: 2013-01-24
It’s a new day -- and the first one of President Obama’s
second term. And while his inaugural address was not intended to
draft public policy it was meant to provide the nation a blueprint
of what issues he feels deserve attention.
To that end, he clearly stated that dealing with climate change
would be a priority and that the development of renewable energy
would be one means by which to achieve that aim. During the fall
campaign, the president devoted sparse time to such issues that had
become hugely contentious. Now, though, with a second term locked
up, he is showing renewed signs of confidence.
“We will respond to the threat of climate change, knowing that the
failure to do so would betray our children and future generations,”
Obama said on Monday. “Some may still deny the overwhelming
judgement of science, but one can avoid the impact of raging fires,
crippling drought, and more powerful storms.”
Last year was the hottest ever recorded in this country. Droughts
and wildfires dominated the news over the summer. But it was
Hurricane Sandy that pounded the East Coast just before the November
election that still resonates. In 2011, 14 major weather events
occurred with each costing at least $1 billion.
The president came to office in January 2009 perhaps a bit
wide-eyed. His party dominated both congressional chambers, allowing
the House to pass a cap-and-trade bill. But that measure would never
be able to get the 60 votes necessary to survive a filibuster in the
Senate. And then the Democrats lost control of the House in 2010.
Obama did, though, spearhead the passage of greater fuel efficiency
standards for cars and trucks. Still, his goal going forward is more
ambitious and involves not just the reduction of greenhouse gases
but also those tied to acid rain, soot and mercury. Here, the
president has two choices: Using the regulatory levers or winning
congressional approval, or some combination of the two.
During his first term, the president allowed his opposition to
define clean energy as a dirty term -- fuel sources that could not
compete in open markets without government subsidies and without
regulatory favors. The failure of solar maker Solyndra, which lost
$535 million in federal loans, crystalized that view. ?
Research Dollars
Now, however, the president has stopped playing defense, although he
realizes that the pursuit of a New Energy Economy will be long and
difficult. It’s especially true when the legacy fuels have had
decades-long help that have given them the inside track on power and
transportation markets, he has said.
“We cannot cede to other nations the technology that will power new
jobs and new industries -- we must claim its promise,” the president
said during his address.
One way to reach this vision is to increase the amount of federal
research and development funds that go into developing cleaner fuels
and new technologies. This country now invest $3 to $4 billion
annually in “innovation,” says Michael Shellenberger, president of
the Breakthrough Institute, an environmental think tank based in
Oakland, Calif. He says that this amount ought to be $30 billion a
year, given that energy is such a massive segment of the American
economy.
That’s money that would not just be plowed into varying stages of
wind and solar development but also in nuclear power and carbon
capture and sequestration, he adds. Consider that the federal
government played an integral part in creating “hydraulic
fracturing” that is used to extract shale gas from rocks that lay
deep underground. Without such a public-private partnership, the
shale gas would still be dormant and coal would continue to dominate
utility markets.
“Addressing climate change is urgent,” says Shellenberger. “Energy
transitions take a long time and we need to get started.”
The political realities are such that legislative action would fail.
The president’s opponents are concerned that climate change is the
result of naturally occurring weather cycles and that providing
subsidies to green energy is both unfair and wasteful. Wind and
solar are uncompetitive, they add, not because they are young and
untried; rather, it is because they are intermittent and expensive,
requiring a base-load fuel such as coal or natural gas to back them
up.
Obama is therefore left to depend on further regulatory action and
on the allocation of federal funds to develop promising
technologies. Most -- but not all -- of the regulatory levers have
been pulled, leaving the administration to carry out the rules that
have previously been enacted. Common ground exists, however, as both
the president and Congress have been pushing promising technologies,
and they will continue to provide funding not just to green energy
but also to the fossil fuels.
Copyright © 1996-2013 by
CyberTech,
Inc.
All rights reserved.
To subscribe or visit go to:
http://www.energycentral.com
To subscribe or visit go to:
http://www.energybiz.com
|