Europe is unlikely to achieve its renewable energy ambitions, which would cost about €500bn, according to a new study.
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Congressional leadership fights often give the best sense of where the political zeitgeist is drifting. Think of the combative Newt Gingrich narrowly edging the establishment candidate Ed Madigan for House Republican whip in 1989. That contest, hardly noticed outside of conservative Republican circles at the time, would have dramatic implications, auguring the GOP’s 1994 emergence from decades of political desert.
In the 1980s, a Communist secret police agent infiltrated clandestine economics seminars hosted by Vaclav Klaus, a fiery future leader of the Czech Republic, who had come under suspicion for extolling free market virtues. Rather than reporting on Marxist heresy, the agent was most struck by Klaus's now famous arrogance.
Cuts and delays to investment in Europe's energy infrastructure caused by the financial crisis and the recession will weaken future energy security and undermine the fight against climate change, a leading consultancy has warned.
President-elect Barack Obama has vowed to promote clean and renewable energy, reiterating this week that his "presidency will mark a new chapter in America's leadership on climate change."But the nation's power companies suddenly are struggling to turn that promise into reality.
It may be a dirty world, but under the glittering chandeliers of the Waldorf-Astoria's grand ballroom, more than 500 guests at a black tie $1,500-a-plate banquet last week were told they could sup with a clean conscience. The occasion was a "green" dinner, devoted to celebrating "climate heroes." Carbon offsets had been purchased for their travel to the event.
During the early 1970s we were told by the promoters of nuclear energy that by the year 2000 America’s coal-based electricity generation plants would be relics of the past and that all electricity would come from nuclear fission. What’s more, we were told that the first generation fission reactors would by then be on their way out, replaced by super-efficient breeder reactors that would produce more fuel than they were initially charged with.
EU countries may agree before the end of the year on the basic principles and structure of an agreement on the European Commission's energy and climate package, but it is unlikely that a deal will be finalised, an ambassador of one of the bloc's 27 member states told EurActiv.
Italy and Germany agree that measures to cut greenhouse gases shouldn't weigh on the economy, Germany Chancellor Angela Merkel said at a press conference Tuesday, indicating government support for tough new measures in Europe is waning.
Economists often talk about "revealed preferences." If Uncle Stu says that he wants to watch his weight but continues to gorge himself like a wild boar, it's clear that his preference to eat outweighs any desire to drop a few pounds.