Environment-Renewables
Obama calls for comprehensive energy bill
In last night’s State of the Union address, President Barack Obama said he was eager to advance a bipartisan energy and climate change bill in the US Senate.
Transmission holds US wind power back despite 2009 record
Wind power is now the joint leading source of new electricity generation in the US, tying with natural gas, due to record levels of new capacity last year, according to the American Wind Energy Association (AWEA).
India boosts renewables market with REC scheme
India has followed many US states’ example with the introduction of Renewable Energy Certificates (RECs) this month.
Uncertainty over UK ROCs damages investor confidence
Recent changes to the allocation of Renewable Obligation Certificates by the UK DECC has left industry participants wary about their long-term value, finds Katie Holliday
Europe North Sea grid seen furthering market coupling
The European Commission is set to build the largest transnational power network of its kind, after announcing it is planning a massive electricity grid to run under the North Sea.
EPA issues GHG endangerment finding
In a move that could foreshadow regulation of US businesses that emit greenhouse gases (GHGs), the US Environmental Protection Agency (EPA) announced yesterday that GHGs threaten the public health and welfare of the American people.
Environmental exploitation
Recessions usually spell bad news for the environment. Promises of investment in clean energy and sustainable technology wither away as mediocre returns drive investors to count the cost of easing their conscience. But as pension funds and governments…
Cap-and-trade bill passed by Senate committee
The Senate Committee on Environment and Public Works (EPW) passed the Kerry-Boxer Clean Energy Jobs and American Power Act by 11 votes to one today, with all seven Republican committee members absent from the vote.
APX launches carbon credit tracking service
A newly launched service will allow project developers, buyers and sellers of carbon offset credits and forwards to track documents and contract information.
APX launches Michigan RECs system
APX, an infrastructure provider for environmental and energy markets, has launched the Michigan Renewable Energy Certification System (Mirecs) and hinted at future plans to enable inter-market management of renewable energy assets.
GE announces CCS deal
GE Energy has signed a technology licensing agreement with Hydrogen Energy International (HEI) for a proposed 250-megawatt power plant, which would be designed to capture up to 90% of its carbon dioxide emissions.
Centrica invests £725 million in UK offshore wind farm
Centrica, the parent company of British Gas, will construct a 270 megawatt (MW) offshore wind project off the coast of Scotland. The Lincs project is to be located next to its existing wind farms at Lynn and Inner Dowsing.
$12m US carbon offset deal announced
Goldman Sachs, Blue Source and CE2 Carbon Capital have announced details of a $12 million US carbon offset transaction.
Doubts over EU plan for OECD carbon market by 2015
The EU is unlikely to meet its vision for an OECD-wide carbon market by 2015, Emmanuel Fages, senior analyst at Orbeo, said at the Carbon Show in London on September 29.
China will beat US to cap-and-trade scheme says Bluenext
“China will have a cap-and-trade scheme before the US and we will hear some statement from China on this at Copenhagen,” Philippe Chauvancy, director of sales at Paris-based exchange Bluenext predicted during a panel discussion at the Carbon Show in…
Canada’s first renewables feed-in tariff launched
The government of Ontario has launched Canada’s first feed-in tariff (Fit) for renewable power under its Green Energy Act. The move is part of a series of incentives designed to create 500,000 jobs in the renewable energy sector over the next five years.
Tarmac enters power-purchase agreement
UK quarrying and construction company Tarmac has signed a £3.5 million power-purchase agreement (PPA). As part of the deal, Tarmac will buy discounted renewable energy from UK renewables firm Nuon Renewables and sell it back to UK energy company npower.
Clean energy fund tops $200 million in first year
A clean-energy infrastructure fund managed by Fortis Investments has attracted €158 million ($232 million) in investment in its first year.