Water Management

When something is plentiful and cheap, there 's little incentive to use it wisely. And with water, which has been nearly free for the past century, the amount of waste is breathtaking. Old pipes leak, water treatment systems do an inadequate or too costly job, homes and businesses have no idea what water costs and so don't make an effort to conserve. A 2007 European Commission report on water issues noted that Europe wastes at least 20 percent of its water. And if Europe is this bad, the U.S....

Corn Ethanol Farm Subsidy in Drag

The first biofuel to be widely used in the United States was ethanol, an alcohol derived from corn. It was first because it' s easy, rather than especially good. Corn is something American farmers know how to grow in vast quantities, and American truckers and railroads know how to ship. To turn it into ethanol, the corn is ground up and processed using heat, water, and enzymes to convert the liquefied starch to sugars, which are fermented into ethanol and carbon dioxide. The ethanol is then...

Biofuels Growth Prospects

Given the progress that's being made on multiple fronts, it's likely that a decade hence, some combination of cellulosic ethanol, biodiesel, and biomass (along with other biofuels like butanol) will supply a significant part of humanity's energy. But the investment angle is not yet clear. First'generation biofuels aren ' t worthy of much enthusiasm, even though government mandates appear to guarantee a few more years of strong demand. And none of the half dozen promising next'generation biofuel...

Figure Corn Used in Ethanol Production

Biodiesel), other agricultural commodities, like wheat and soybeans, are way up, too. The soaring price of wheat actually caused Italian consumers to stage a one-day pasta-buying strike in late 2007. In the end, it was all for naught When analysts finally got around to running the numbers, it turned out that for corn etha-nol to replace a significant part of U.S. oil imports would require pretty much all the available farmland, thus sending food prices through the roof. And, icing on the rancid...

Biodiesel Again Not Food

Diesel fuel powers engines in which pressure rather than a spark causes combustion. It 's big in Europe and, thanks to a new generation of quieter, cleaner diesel engines, might see dramatic growth in the United States and elsewhere. So a renewable source of this fuel would have a big potential market. Biodiesel ' s story is similar to that of ethanol Today's version is made from vegetable sources like soy and palm oil. But that's a dead end, for a variety of reasons. First, these sources don't...

Index

Spain , 61, 145, 146 Acta London , 113 AFC Energy London , 113 Agazzi, Shai, 78 AgCert Ireland , 121, 124 Agriculture. See also Aquaculture Biofuels Corn Food security current crises, 159-160 effect of corn ethanol production on farmland, 95-96 genetically modified crops, 160-162 hydroponics, 164-165 slash-and-burn, 22 soil degradation, in Roman empire, 24 Agribiotec. See Genetic engineering Ahmadinejad, Malmoud, 37 Airlines, 178, 238. See also Boeing Air Products, 108, 113 Akeena...

Private Sector Players

A whole range of private-sector companies now see emissions credits as a growth market. For investment banks, the attraction of another big trading opportunity is obvious. But many of them are going further, actually initiating, financing, and managing projects to retrofit Indian factories, clean up Russian pipelines, and plant trees in Indonesia. This kind of merchant banking generates a river of fees that culminate it is hoped in trading profits and capital gains when the projects come to...

State of the Market

Green building is being adopted by everyone from architects to builders to appliance makers. But it's less of a revolution than a mass conversion. Upstarts, by and large, are not displacing entrenched interests the players are the same, and the numbers in terms of construction spending, housing starts, industry employment, etc. are in line with those of past years. There are few large wind farmtype installations that signify a radical break with the past. Just a lot of more livable, efficient...