Tomorrow is Earth Day. We will gather to celebrate the Mother Earth in all her glory.
We will also hear a lot of doom and gloom about the planet we live on. Sure, there is a lot of gloomy stories to worry about. Carbon emissions last year went above 400 parts per million (ppm) and went to 402 ppm recently. We have seen record storms and droughts in recent times that should raise concern among climate policy makers.
Despite some of the end of the world mentality by many environmentalists, here are three things to get really excited about as you celebrate Earth Day:
1. Cost of Solar Falls Like A Ton of Bricks:
It was not long ago, the cost of solar power was really expensive. Solar costs in 1950 were $300 per watt and $27.00/watt in 1980. In 2013, solar plummeted to $0.74/watt. That is an astonishing figure. Solar is price competitive to coal in some places. What is occurring with solar energy, and other renewables occurred with the late 1990’s information technology boom, which created the framework for Web. 2.0. Governments, and utilities will have to kick out their old 20th century style energy policies out the door, thanks to the open sourced energy model solar offers.
2. SolarCity and Tesla Motors Are Rolling:
Tesla Motors and SolarCity in the past few years have really taken off in the Nasdaq stock exchange and are hot talking points.
At the end of Monday, Tesla Motors stock was worth $204.38 USD a share, an increase of more than $100.00 a year ago. Meanwhile, SolarCity’s share price hit $57.13. While not as high as earlier this year, it’s almost five times more than the initial IPO offering of $11.79/share on its first day of trading in December, 2012.
In March, the Globe & Mail put SolarCity’s bright future into context:
To put this in perspective, two-thirds of all solar energy systems in the U.S. were installed in the last two-and-a-half years. I don’t think it’s just tree huggers who are installing these systems, either. These are financial decisions. And for people who don’t have $20,000 or more to invest up front in a solar energy system on their roof, solar leasing is a popular solution.
Within the sector, Solar City is a clear leader by market share in the U.S. It specializes in putting solar energy systems on homeowners’ roofs. Solar City, and other companies like them, pay for the entire installation and recoup their money by signing the customer to a long-term energy-purchase agreement. Everybody wins because Solar City generates a healthy profit over the life of the solar-power system, while the customer pays less for power compared to their feed from the traditional grid. Customers can still use grid power, but most of their electricity comes from their roof, and if the grid goes down, they are still generating their own power.
Take SolarCity’s monster share of the US solar market, along with Tesla’s ambitious plan on building a “gigafactory” for its electric cars, and you see how the long-term motor vehicle and energy market trends may shape out this century.
3. Spectator Sports Are Becoming More Sustainable:
One of the biggest complaints about spectator sports (Auto Racing, NFL) is the big footprint it leaves. Major sports leagues are now taking up the sustainability charge.
Averaging about a 4 million carbon footprint annually, NASCAR is often on the “Hit List” of many environmentalists. Ironically, they have also brought in some green changes, including an E15 ethanol blend, and working with ACORE on energy efficiency initiatives.
Meanwhile, Formula E, the first ever electric vehicle racing circuit will kick off this September. Announced in 2012, its hoped the new racing venture will reduce carbon emissions, create jobs and advance the electric vehicle industry.
In the NFL, many teams have embraced renewable energy strategies to save costs and the environment. These include the New York Giants, Philadelphia Eagles, Seattle Seahawks, and Washington Redskins.
Society Better Equipped to Fight Climate Change Now
As you sit back on Earth Day, sure be mad about a lot of things. But at the same time lets start being more positive on the changes that are taking place. Ask someone thirty to forty years ago, if wind, solar energy, or electric vehicles would become apart of mainstream society? You would be laughed right out of the building.
Sure nothing is perfect. However, but as you are seeing now with declining solar costs, cleantech stocks becoming hot talking points on Wall Street, and less carbon footprint from spectator sports show society is moving in the right direction. If you ask me, We are more equipped now to take on climate change, then we were even twenty five years ago. That my friends is progress.
Happy Earth Day.