GH

Ten Insights on Carbon Policy

Tom, great article!

Regarding "Insight #2: ... I believe that many investors in companies developing methods to produce cellulosic ethanol are underestimating the competition for available feedstock from biomass based electricity generation." --

This is enormously important. Liquid fuels are just one option for portable energy - we can potentially do without them! Fuel-less public and private transportation already exists, powered via electricity from third rails, overhead wires, and batteries.

The key question is, which is better: energy delivery via
biomass->fuel->v... ?
or via
biomass->electricit... ?

Given the energy-recovery technology already in use in hybrid cars, plus sufficiently power-dense batteries, even aircraft and locomotives need carry no fuel.