Third Way Perspectives
Will Clean Energy be a $2.3 Trillion Victim of Congressional Dysfunction?
May 11th, 2012
Global clean energy investment is expected to reach $2.3 trillion within a decade. Markets continue to expand 30 – 40% each year. By 2016, the global solar market alone is expected to reach $75.2 billion. Wind energy is expected to grow by double-digits annually, reaching $93.1 billion by 2016. These enormous economic opportunities are why the Obama Administration has focused so intently on helping grow American clean energy businesses. This has not been just through the investments in 2009, but also standing up of the Advanced Research Projects Agency-energy, the issuing of the first loan guarantee for a new nuclear power plant in the United States in more than a generation, and setting ambitious auto efficiency standards that will encourage American auto manufacturers to innovate.
The wages of austerity for Nicolas Sarkozy
May 7th, 2012
This piece was originally posted on Politico.
The wages of austerity is death. Political death.
That’s the lesson of Europe — conveyed most recently by the defeat of French President Nicolas Sarkozy. He’s the first French president defeated for reelection in more than 30 years.
In Greece, which also held elections Sunday, the old regime just collapsed. The two governing parties that negotiated Greece’s painful bailout deal saw their support fall by more than half. Who gained? Protest parties of the far left and the far right — including a neo-Nazi party.
What the extremes had in common was opposition to the Greek bailout deal, which imposes tax hikes and wage cuts on a country where unemployment is more than 20 percent.
In 2011 and 2012, governments have been thrown out of power in Ireland, Italy, the Netherlands, Portugal, Spain and now France and Greece. Britain’s coalition government also experienced disastrous losses in local elections last week.
Eleven European countries are now in recession — including Britain, Spain, Italy, Greece and the Netherlands. The unemployment rate in the 17-nation Euro zone is now 10.9 percent. In Spain and Greece, a majority of young workers are jobless. Read the rest of this entry »