May13

Exelon CEO Praises Market-Based Climate Solution

Congress, Nuclear

Top brass at one of the nation's largest utility companies says the path Sens. John Kerry (D-Mass.) and Joseph Lieberman (I-Conn.) mapped yesterday to address climate change and set the nation on course for a low-carbon future is a step in the right direction.

 

Speaking at a Resources for the Future Policy Leadership Forum Wednesday, Exelon Chairman and CEO John Rowe offered praise for the (protracted) efforts of the duo and its (now) shadow compatriot, Sen. Lindsey Graham.

 

“By implementing a market-based solution that puts a price on carbon emissions, we can take major steps toward a low-carbon economy for an incremental 3 to 5 cents per kilowatt hour,” Rowe said. “But if we just pick the technologies we think are most elegant, with no regard for cost, we could spend three times the cost the markets would give us, as much as 10 cents per kilowatt hour.

 

Rowe took his speech as an opportunity to release an updated illustration of the affordability of meeting his company’s goal to eliminate its 2001 carbon footprint by 2020. The image provides some interesting insight into the most cost-effective ways to reduce greenhouse gas emissions.


Click to Enlarge

 

Still, he made no bones about his preferred energy source. Exelon operates the nation’s largest fleet of nuclear facilities with sites across the Midwest and a few on the East Coast. But as a strong advocate for a market-based solution to the issues of climate change, he concedes he’d find a new preference if the market doesn’t support a robust nuclear portfolio.

 

“Let’s get these choices on a playing field. Let the market decide and I’ll do what the market tells me, not what I like.”

 

Tiffany Clements is managing editor of Weathervane.

Published: May-13-10 | 0 Comments

Oct07

Senator Warns of Energy Sprawl, Calls for Nuclear Power Expansion

Renewables, Kerry-Boxer, Congress, Waxman-Markey, Nuclear

 

Image courtesy Ellen DaveySen. Lamar Alexander is calling on Congress to include nuclear power in its energy portfolio, touting it as a reliable source of low-carbon energy that consumes a small fraction of the land used by other energy sources like wind, solar, and biomass.

 

Speaking at an RFF Policy Leadership Forum Monday, the Tennessee Republican said building 100 new nuclear plants in the next 20 years, electrifying half the U.S. vehicle fleet, and the addition of solar panels to roofs of existing structures is “the best way to reach the necessary carbon goals for climate change with the least damage to our environment and to our economy.”

 

Alexander’s remarks drew heavily from a recent Nature Conservancy report. The research offered some interesting insight, which should be taken with a caveat, into the variation in land use for different energy sources. It’s a concept the paper’s authors dub “energy sprawl.”

 

(Chart Source)

Sen. Alexander asked event attendees “to do something that gives many conservationists a stomach ache whenever it is mentioned--and that is to rethink nuclear power, because as the Nature Conservancy’s paper details, nuclear power in several ways produces the largest amounts of carbon-free electricity with the least impact.”

But despite the senator’s strong support—and the support of numerous prominent Republicans—nuclear’s place in any domestic legislation is largely uncertain.

 

Draft climate legislation in the Senate seems to have given nuclear a greater push than the House’s bill, including provisions that offer funding for research and development and remove barriers to deployment. Green Grok Dr. Bill Chameides says if history is any indicator, nuclear proponents shouldn’t count their reactors before they’ve hatched:

 

Nuclear energy is one of those hot-button issues. For some Senate fence-sitters support for nuclear energy is critical and thus fleshing out these provisions may help to bring such folks into the fold. But for many environmentalists, support of nuclear power is a deal-killer. At least that was the case in 2005 when subsidies for nuclear were added to the McCain-Lieberman climate bill. The addition brought minimal support from the right, while losing the support of key Democratic senators (including Barbara Boxer). In the end the bill went down to a resounding defeat.

 

Visit RFF’s event page to watch Sen. Alexander’s address or find a link to a transcript of his remarks.

 

Tiffany Clements is managing editor of Weathervane.

Published: Oct-07-09 | 0 Comments


2010 Oil Spill Adaptation Atlas