"$500B Plan for U.S. Green Building Retrofits Touted."

The United States can build a low-carbon economy by retrofitting existing homes and businesses for energy efficiency, which would reduce waste and pollution, jumpstart an economic recovery, create good jobs and deliver energy cost savings, while reducing global warming, according to a new report. The report is calling on Congress and the Obama administration to ensure that investments will be made in weatherization and energy efficiency as part of the American Recovery and Reinvestment Act.

The $500-billion plan with public and private investment would retrofit 40 percent of the nation’s buildings within the next ten years, create about 625,000 full-time jobs, generate $32 billion to $64 billion in annual consumer energy cost savings, and reduce global warming pollution by 20 to 40 percent for 50 million homes and small businesses, according to a proposal released by the Center for American Progress and the Energy Future Coalition.

Rapidly improving the efficiency of existing buildings is essential to meeting clean energy and climate legislation recently passed by the House of Representatives for reducing greenhouse gas emissions from 2005 levels by 17 percent by 2020 and 83 percent by 2050, according to the report.

The report also identifies five key areas where focused national policy leadership is required immediately to launch a nationwide energy efficiency retrofit industry. These include technical assistance and capacity building, retrofit financing and cost recovery mechanisms, retrofit performance standards and quality assurance, smart codes and regulations and workforce development programs and job quality standards.

The plan to retrofit buildings, which consume 70 percent of all U.S. electricity and emit 40 percent of the nation’s greenhouse gases, will be discussed at an energy conference in Las Vegas, which is co-sponsored by Senate Democratic Leader Harry Reid of Nevada and the Center for American Progress, reports Bloomberg.

Following on the heels of a study from the Pew Charitable Trusts last week, two more reports from a broad coalition of environmental groups and research institutes suggest that clean-energy investments have the potential to kick-start the economy and employ millions of workers — particularly those at the lower end of the economic scale.

In a statement accompanying the release of the two reports — one authored jointly by the Center for American Progress and the Political Economy Research Institute at the University of Massachusetts, Amherst; the other by the institute, the green jobs advocacy group Green For All and the Natural Resources Defense Council — the researchers assert that a “$150 billion investment in clean energy could create a net increase of 1.7 million American jobs and significantly lower the national unemployment rate.”

As part of their study, P.E.R.I. and the Center for American Progress provide a state-by-state breakdown of where jobs are most likely to be generated.

And Robert Pollin, James Heintz and Heidi Garrett-Peltier — researchers at P.E.R.I. — wrote on the center’s Web site on Thursday that the estimated 1.7 million jobs could make a significant impact on the nation’s jobless rate:

These job gains would be enough — on their own — to reduce the unemployment rate in today’s economy by about one full percentage point, to 8.4 percent from current 9.4-percent levels — even after taking into full account the inevitable job losses in conventional fossil-fuel sectors of the U.S. economy as they contract. Our detailed analysis … calculates that roughly 2.5 million new jobs will be created overall by spending $150 billion on clean-energy investments, while close to 800,000 jobs would be lost if conventional fossil-fuel spending were to decline by an equivalent amount. It is not likely that all $150 billion in new clean-energy investment spending would come at the expense of reductions in the fossil-fuel industry. However, we present this scenario to establish a high-end estimate for reductions in conventional fossil-fuel spending, and the net gains in employment that will still result through spending $150 billion per year on clean-energy investments.

For the full post, click here.

(AP Photo/Isaac Brekken)

On his tour today of the photovoltaic array at Nellis Air Force Base, President Obama saw first-hand how solar energy is being used to generate clean electricity supplies – including 25% of the base’s total power.

Located in Las Vegas, NV, the Nellis Air Force Base solar array generates more than 30 million kilowatt-hours (kWh) of clean electricity annually and supplies approximately 25% of the total power used at the base, where 12,000 people live and work.  The solar power system was completed in December 2007, and is America's largest solar photovoltaic array.

President Obama was led on the tour by Col. Howard D. Belote, the Commander of the 99th Air Base Wing, and Senate Majority Leader Harry Reid.

Excerpts from President Obama's speech today:
"Because right now, we're standing near the largest solar electric plant of its kind in the entire Western Hemisphere — the entire Western Hemisphere. More than 72,000 solar panels built on part of an old landfill provide 25 percent of the electricity for the 12,000 people who live and work here at Nellis. That's the equivalent of powering about 13,200 homes during the day.

It's a project that took about half a year to complete, created 200 jobs, and will save the United States Air Force, which is the largest consumer of energy in the federal government, nearly $1 million — $1 million a year. It will also reduce harmful carbon pollution by 24,000 tons per year, which is the equivalent of removing 4,000 cars from our roads. Most importantly, this base serves as a shining example of what's possible when we harness the power of clean, renewable energy to build a new, firmer foundation for economic growth.

Today, projects like the one at Nellis are still the exception to the rule, unfortunately. America produces less than 3 percent of our electricity through renewable sources of energy like wind and solar — less than 3 percent. In contrast, Denmark produces 20 percent of their electricity through wind. We pioneered solar technology, but we've fallen behind countries like Germany and Japan in generating it, even though they get less sun than we do. They certainly get less sun than Nevada.

Nellis Air Force Base installation of over 72,000 Sunpower solar modules

So we've got a choice. We can remain the world's leading importer of oil, sending our money and our wealth away, or we can become the world's leading exporter of clean energy. We can hand over the jobs of the future to our competitors, or we can confront what they've already recognized as the great opportunity of our time: The nation that leads the world in creating new sources of clean energy will be the nation that leads the 21st-century global economy. And that's the nation I want America to be and I know that's the nation you want America to be."

For the text of his speech, click here.
The White House briefing document including information on the Nellis Air Force Base installation, click here.

ACES, a combined energy and climate bill, was released by Congressmen Henry Waxman (D-Calif.) and Edward Markey (D-Mass.) in May.  A summary of the legislation from the House Committee on Energy and Commerce web site can be found here.

The Wikipedia entry on Feed-In Tariffs gives this definition “an incentive structure to encourage the adoption of renewable energy through government legislation. The regional or national electricity utilities are obligated to buy renewable electricity (electricity generated from renewable sources, such as solar photovoltaics, wind power, biomass, hydropower and geothermal power) at above-market rates set by the government.”

More from Wikipedia, “The German federally managed program that has proven to be the world's most effective practice for boosting adoption of renewable energy technologies. Feed-In Tariffs (REFIT) have been associated with a large growth in solar power in Spain, Germany and wind power in Denmark. These countries now boast the supply of 9%, 5% and 20% of their electricity respectively. These systems involve fixed payments that are guaranteed in the long term; 20 years in the cases of Spain and Germany.”

For points of view on the ACES, here are a few resources:

Solar Energy Industries Association Improvements to the ACES, pdf summary.

Alliance to Save Energy, offers an energy efficiency perspective. From their website, “This legislation represents our first real chance for a national carbon reduction plan in the United States.”

IEEE, the world's leading professional association for the advancement of technology, is conducting its first ever Energy Fly-In to Washington, DC June 15-16.  A review of their energy policy’s can be found here.  From their website, “Energy underlies and connects three converging challenges that face the United States in the early 21st century: security, prosperity, and the environment.  To address these issues, President Barack Obama and Congress have vowed to make energy issues a priority this year.”

Related information:
Tracking of the bill can be found at OpenCongress.org.

Testimony on the bill can be found at the National Resources Defense Fund site.

Projected Senate and House Votes on 2009 Climate Legislation information can be found on E2.org site.

Excerpt:

Witnesses in today’s Congressional subcommittee hearing today said it would take multi-agency cooperation to balance expanding renewable energy with environmental and land disturbance concerns.

Today’s nearly three hour hearing, by the Energy and Minerals Resources subcommittee, started around 9:30 a.m. at the University of California-Riverside Palm Desert Graduate Center. Their focus is solar development on federal lands.

Nine panelists, including representatives from the California Public Utilities Commission and Bureau of Land Management, discussed various projects underway as well as specific solar projects.

Many were California specific. Gov. Arnold Schwarzenegger has set of goal of raising its dependency on renewable energy to 33 percent by 2020, as well as cutting global emission levels by almost 30 percent from current use levels.

“These are very, very important goals,” said Julia Levin, the renewable energy commissioner for the California Energy Commission.

“These are also critical for our economy. These will create jobs, these will create new business opportunities for California … and finally give us true energy independence.”

For the full article, click here.

WASHINGTON (Reuters) – After weeks of debate, Democratic leaders in House of Representatives and the Senate have reached an agreement on an economic stimulus package that would pump billions of dollars into "smart grid" projects and renewable energy.

The $789 billion package, which now must be approved by both chambers, contains $11 billion for modernizing the U.S. electricity grid and developing so-called smart grids. 

Smart grids utilize technology to create more efficient and less costly methods of moving electricity.

Aimed at boosting the nation's economy and creating jobs, the legislation also provides $6 billion in loan guarantees for renewable energy projects such as wind or solar energy development.

Solar industry representatives said the stimulus bill would add 67,000 jobs to the sector in 2009 and a total of 119,000 jobs over the next two years.

"The solar provisions in the bill will allow us to begin hiring, create growth opportunities for small businesses throughout the country and keep the economic engine going," Solar Energy Industries Association President Rhone Resch said in a statement. 

Earlier this week, President Barack Obama stressed the importance of providing tax breaks and loan guarantees for firms that produce solar and wind energy.

Commercial Solar Power Installation in Poway, CA by HelioPower

Here is an excerpt:

Most of the projects in the the President's $900 billion stimulus package are the kind of public works the government has executed for decades: trains, bridges, and so on. But the "Energy" projects that will be eligible for funding are full of new technologies that have never before been implemented on a large scale. What exactly are they?

According to the House Committee on Appropriations, the House version of the bill reserves "energy" monies for the following project categories.

• $11 billion for R&D devoted to the Smart Grid Investment Program and various energy pilot projects
• $8 billion for loans for renewable energy plants
• $6.9 billion for loans to state and local governments, to help them make general "investments" that will increase their energy efficiency
• $8.7 billion to weatherize HUD-sponsored and moderate income housing
• $2 billion in loans and grants for battery technology
• $1.5 billion for increasing the efficiency of schools and colleges
• $300 million in rebates for consumers who buy Energy Star-rated appliances
• $1 billion to buy alternative fuel cars for federal, state and local government
• $200 million in grants towards electric vehicle research
• $2.4 billion for carbon-capture technology to cleanse fossil fuel energy
• $350 for the Department of Defense to figure out how to power bases and weapons with renewable energy
• $500 million for energy-efficient manufacturing projects
• $300 for reducing diesel emissions.

You can read the House's summary of the bill here.

We know a little bit about the so-called "smart grid" that President Obama is advocating. The smart grid is an energy transmission system that can handle variable energy levels, and can pull energy from homes and businesses as easily as it can send energy there. That makes inconsistent generators like wind turbines and solar panels feasible energy sources, and opens the possibility for hybrid cars and houses to sell back some of their energy to the utility company.

But the details of the other projects are discussed largely in catch phrases and metonyms. To figure out where this money will actually go, you have to dig into the pages of the Main Street Economic Recovery Report, which is a list of potential stimulus projects compiled by the US Conference of Mayors. As I explained in an earlier post, the mayors of America's cities will be the ones sending stimulus ideas to the state-level government, who, in turn, will apply for funding from the Department of Commerce once the stimulus–aka the American Recovery and Reinvestment Act–is signed into law at the end of this week.

But if you want a more Web 2.0 way to explore the mayors' project suggestions, you can check out Stimulus Watch, which has ported the mayors' list, and allows people to vote and comment on the projects.

The mayors' report lists over 1300 "energy" and related project ideas in all 50 states. This is the meat and potatoes of the stimulus package, right here; each idea is summarized with job-creation predictions and cost estimates. It's also the most exciting part of the act, because many of these suggested projects will, if enacted, bring thousands of talked-about "green" ideas to immediate popular use.

The Solar Energy Industries Association (SEIA) outlined this week the key policies that President-elect Obama and the Congressional leadership must address to expand the use of solar energy and help put over 1 million Americans back to work by 2011.

HelioPower Technicians Onsite for Solar Ground Mount Project in 2006

SEIA released "Solar Energy: A Blueprint for Job Creation and Economic Security," which recommends that the new Administration and Congress embrace the following policies and programs to expand the creation of clean energy jobs in the United States: Improve solar tax credits; Increase government procurement of solar power; Create tax incentives for manufacturing; Pass a national renewable portfolio standard with a solar provision; Expand and update transmission infrastructure; Improve access to federal lands to harness our vast solar resources; Create a federal Clean Energy Bank; Create the office of Renewable Energy Development; Establish national standards for interconnection and net metering; Increase DOE Solar Appropriations and Enact climate legislation to reduce carbon emissions, stimulate solar generation.

SEIA President Rhone Resch said, "President-elect Obama and the new Congress have expressed their commitment to addressing our current economic crisis. Increasing the use of solar energy will create millions of new jobs and put billions of dollars into the U.S. economy, providing a clean, reliable and domestic source of energy while providing a clean, reliable and domestic source of energy,.

"The growth of solar energy will not happen quickly enough without the right federal policies to stimulate the market and remove fundamental barriers that prevent solar from competing in the electricity marketplace.

"To stimulate this growth, the Solar Energy Industries Association is recommending to the Obama Administration and the 111th Congress a number of immediate and near-term policies to stimulate the growth of solar energy, including: improving the solar investment tax credits to ensure that they can be utilized as Congress originally intended, creating a government procurement program that deploys solar on federal buildings and lands, and establishing a national renewable portfolio standard that requires a specific amount of energy come from solar.

"We look forward to working with the new Administration and the 111th Congress to achieve these important goals for growing our economy, improving our energy independence and reducing global warming."

SEIA Board Chairman Roger Efird of Suntech America said, "For solar energy to reach its potential as an economic engine and become an important part of our national energy portfolio, we need government leaders to continue to enact the right policies. These policies, especially in the current economic crisis, will allow companies like mine to grow and create green jobs that will reverse the trend of sending American jobs overseas. Instead, the U.S. can become a destination for international companies to find the skilled professionals they need to compete in the global renewable energy economy."

SEIA's will deliver the "Solar Energy: A Blueprint for Job Creation and Economic Security" to each member of President-elect Obama's energy and economic transition teams and Congressional leadership.

SEIA is comprised of over 800 member companies that manufacture, distribute, sell, design, own, install and finance solar power plants and systems.

Despite falling oil prices and the credit crunch, green technology investors remain bullish.

Here is an excerpt from his excellent article, for the full piece click here.

Chico, CA retail building installation by HelioPower

(Fortune) — Some people are saying that the clean energy revolution is over, before it has even begun. "Alternative energy suddenly faces headwinds," declared The New York Times. "Winds shift for renewable energy as oil price sinks, money gets tight," reports The Wall Street Journal. "Will the Economic Crash Take Down Our Hopes for Clean Energy?" asks Alternet.

There's no doubt that recent developments cast a cloud over the renewable energy business. The capital markets have turned risk-averse, making financing for alternative energy hard to come by. Declining oil prices make it harder for cleaner transportation fuels to compete with gasoline. In a slumping economy, the government will be reluctant to pass climate change legislation that will raise gas and electricity rates.

Never mind – there are compelling reasons, even now, to believe that the U.S. is on the verge of a dramatic shift, away from a economy dependent on cheap fossil fuels and towards cleaner, greener, more efficient ways of doing business.

Recently, I spoke with three leading venture capitalists who focus on clean tech: William E. "Wilber" James of Rockport Capital, Alan Salzman of VantagePoint Venture Partners, and Paul Maeder of Highland Capital Partners. Needless to say, they are biased – they are invested, personally and professionally, in renewable energy and other clean technologies.

But they all see powerful forces driving the U.S. economy towards a more sustainable way of doing business in the long run. Those drivers include the science of climate change, rising global demand for a limited supply of fossil fuels, and growing political support for clean energy.

By Glenna Wiseman

With the extension of the Federal Investment Tax Credits for solar, the mood was jubilant.  Rhone Resch, president of SEIA, relived the exhausting 18 month journey the industry took to get the credits in place.  The legislature turned in a Hollywood style ending in its passage as part of the Emergency Economic Stabilization Act of 2008.   His retelling of the amazing collaborative effort presented a cathartic opportunity for the industry to take a deep breath, fully embody the triumph and now move onto the hard work yet to come.  In fact Resch reiterated a laundry list of objectives SEIA sees as critical to the growth of the solar industry.  Ending his speech, he recalled the recent "Drill Baby Drill" call of the oil industry, urging the industry to replace it with "Go Solar, Baby, Go Solar!"

Talking with veterans of the industry at large, several mentioned the show reminded them of the "dot com" rush.  Lots of investment bankers rooming the aisles looking for the next big idea, etc.  Described as the "solar rush" by some, the industry is indeed poised for heavy growth over the next decade. If this industry matures as most do, you will see consolidation in the ranks and those investing in solar power systems are wise to look to strong entities to supply panels.

Many believe solar to be the "right technology at the right time and place" as our country looks to green up its energy sources and free up the grip of foreign oil on our economy and national security interests. 

California Gov. Arnold Schwarzenegger walked the show prior to its official opening.  "Of course we are now facing tough economic times, but that's why we need to focus on solar and the environment," he said as reported by TheStreet.com.

The environment and the economy are cental themes in Thomas Friedman’s new book, "Hot, Flat and Crowded."  World-renowned author, journalist and three-time Pulitzer Prize winner, Friedman focuses on the role of environmental efforts in his new book, seeing this strategy as central to our financial well-being, among critical benefits.  You can join his online group discussion at http://www.thomaslfriedman.com/.