Posts Tagged ‘Environment’

U.S. the Leader in Addressing Climate Change

Monday, June 19th, 2017

With 195 countries signing on, the Paris agreement has been touted as a “global action plan” designed to save the world from climate change.

So the recent decision by President Trump not to sign on was, according to former Secretary of State John Kerry, “walking backwards from science and backwards from leadership on behalf of polluters and fringe ideologues.” He added that it “may be the most self-defeating action in American history.”

Oh really? For perspective, it’s worth taking a look at energy usage, both globally and in the U.S.

U.S. vs. Germany

Environmentalists, politicians, journalists and assorted do-gooders typically point to Germany as a model of environmental consciousness, given its heavy reliance on renewables, such as solar and wind power. The U.S., meanwhile, is the bad guy, achieving success with a highly industrialized economy at the expense of the environment.

So it’s worth comparing Germany’s carbon dioxide emissions with those of the U.S. Which country has done more to reduce carbon dioxide emissions in recent years?

The United States has. According to the U.S. Energy Information Administration, carbon dioxide emissions (CO2) fell 12% in just 10 years, from 2005 through 2015. Emissions fell by another 1.7% in 2016, according to the EIA.

Meanwhile, in Germany, CO2 emissions increased by 0.9% in 2016, according to energy research firm AG Energiebilanzen e.V., as growth in energy consumption outstripped the country’s reduction in coal use and increase in renewable energy sources. AGEB even blames the extra day created by leap year as one of the reasons for the increasing emissions (it didn’t stop the U.S. from decreasing emissions, though). (more…)

What’s Good for Tesla Is Good for Elon Musk

Monday, April 24th, 2017

It’s not surprising that I don’t know anyone who owns a Tesla, given that total sales since the company was founded in 2003 barely top 200,000 vehicles (and all but 12 were sold in Hollywood).

In contrast, General Motors typically sells more than a half million vehicles in a quarter. Worldwide, there are more than 907 million consumer vehicles and 329 million commercial vehicles in use, leaving Tesla with a market share of just above 0%.

What is surprising is that Tesla is now the number one auto manufacturer in America, based on market cap (although its rank has recently been floating around between one and two).

How can a company that’s unprofitable and that sells vehicles that almost no one owns be the country’s top auto maker? Granted, GM and Ford aren’t the companies they used to be, but Tesla isn’t even close to what GM and Ford are now.

Tesla’s high market cap is a result of America’s love affair with all things considered to be green, media hype, Hollywood hype and Elon Musk hype. It’s appropriate that the company is named after Nikola Tesla, whose alleged invention of an electric car in the 1930s turned out to be a hoax.

Having never owned or even driven one, I can’t say whether Tesla vehicles should be the next big thing. Online reviews aren’t very helpful, either. Car and Driver gives the sleek Tesla Model S five stars, while the first review on Consumer Affairs gives his Tesla one star and says, “It’s worse than you can possibly imagine … ”

But it’s really not about cars, is it? (more…)