A thriving renewable energy industry is a critical solution to problems such as high energy prices and climate change. But unless Congress extends the renewable tax credits soon, the industry’s steady growth could stall.
Carbon capture and storage (CCS) is both hailed as a “silver bullet” for the coal industry, and reviled as a pipe dream. The reality is that the U.S. needs CCS, and a comprehensive policy framework for rapid development and deployment.
A World Resources Institute (WRI) analysis of the complex challenges that investors would face when deploying carbon capture and storage (CCS) technologies shows that until government policies support large-scale demonstrations it is unlikely that CCS will be able to fulfill its potential in combating climate change.
China’s energy efficiency industry is emerging as a high
growth sector with the country projected to spend as much as
Rmb2.1 trillion (USD300 billion) over the next five years on
products and services that cut energy use. The key drivers of
this development are the Chinese government’s determination
to curb the country’s expanding energy appetite as well
as higher production and energy costs. Firms that develop
cost-effective energy-saving technologies, particularly for
the most energy-intensive industries, are poised to capture
the opportunities. If successful, these enterprises will not
only become profi table, but will also help lead China to a
more sustainable energy future.