The GreenNOVAtion community is a campus-wide secure social networking project, designed to bring together in one place all of the courses, campus groups, volunteer efforts, and scientific and scholarly undertakings, related to ecology, clean energy and the environment, at Villanova University. It began operation in May 2011, and will officially launch as a campus-wide project … Continue reading GreenNOVAtion: Connecting Green Thinkers at Villanova
There is nothing ideological about the issue of renewable energy resources. Proponents tend to care about the health of the natural environment, which motivates their wish to see renewables replace high-polluting fuel sources like oil and coal, but the technologies, the fact of their economic viability and their usefulness for society at large, are not in any way a matter of ideology.
Neither is there anything ideological about the allegiance of some to carbon-based fuels. The considerations are entirely practical on all sides, and we need to remember this as we try to find consensus on how to move forward, responsibly, as a civilization, in terms of our relationship to energy and the environment.
high-risk, low-yield hydrocarbon fuels not fit to compete over long term
Opportunity cost is a serious, long-term stress on economies hampered by rampant governmental corruption, or by severe productive resource deficits—in consumer capital, infrastructure, or long-term reliable energy flows. With the ongoing boom in development of shale gas drilling and tar sands oil recovery, there is now massive investment, into the tens of billions of dollars of public and private money, in high-risk, low-yield ways of extracting carbon-based fuels, with the explicit purpose of extending old-fashioned combustible fuel technologies beyond what would otherwise be economically viable.
Massive new investment is flowing to these resources, because existing incentives and the influence of entrenched interests make it more efficient for major investors to pour money into these resources. They are not attracting investment by being inherently more economical than other options. In fact, as a direct result of dedicating such massive investment to new, untested and riskier schemes for carbon fuel extraction—including ultra deepwater drilling—the most efficient means of investment in future energy technologies are being choked off.
At the 11th hour of the 11th day of the 11th month, we held the first of our series of Climate Talks, to explore with more depth and more detail some of the intricacies of the climate crisis, including social, philosophical and political, dynamics, and the way we frame our perception of global-scale phenomena. It was a construtive conversation, from four points of view, each of which was able to benefit from a kinship of interest, so that whether we were discussion environmental justice, political solidarity, economics and collaborative politics or Villanova’s ongoing commitment to reducing its carbon footprint, there were ways to deepen and broaden our understanding of each facet of the problem from each of the different perspectives.