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Concentration of CO2 in the Atmosphere

May 16 Green Energy News

Opinion:

  • “Five things we learned about … the Far Right and renewables” It seems like the Australian government’s antipathy towards green energy runs deeper than anyone had suspected – it must be a tool of the Left, and so must be eradicated. [RenewEconomy]
  • “Up To $90 Billion Needed To Scale Up Small Modular Reactors Would Snuff Out Financing For Wind And Solar Power” Dr Mark Cooper of the Vermont Law School writes that SMRs would have the same problems as large reactors while using money better spent on renewables. [PR Newswire]

Investment and Economics:

  • While responses to the landmark climate change report may not make immediate ripples in the stock market, there is a growing movement toward divesting from fossil fuel production in favor of alternative energy generation. [Investopedia]
  • The Collaborative Commons is the first new economic paradigm to take root since the advents of capitalism and socialism. The Collaborative Commons is already transforming the way we organize economic life, with profound implications for the future of the market. [MarketWatch]

World:

  • The Global Sustainability Institute has done research indicating Britain has just 5.2 years of oil, 4.5 years of coal and three years of its own gas remaining. This would increase the UK’s dependency on countries like Russia, Norway and Qatar. [Fresh Business Thinking]
  • Siemens will deliver 150 wind turbines with a capacity of 4 MW and a rotor diameter of 130 meters each for the Gemini project. The wind power plant is to be located in the North Sea, 85 km off the coast of Groningen, Netherlands. [PennEnergy]
  • Austrian utility Verbund announced it would close gas-powered generating plants with a combined output capacity of 1.2 GW. Utilities in Germany, Belgium, Netherlands and Luxembourg have made similar announcements about 11 GW of capacity to beclosed by 2018. [PennEnergy]
  • Philippines President Benigno Aquino III officially opened the country’s first commercial-scale solar farm. He urged investors to focus on clean energy to help reduce risk of climate change highlighted last year by the hurricane that devastated parts of the country. [Business Green]
  • Linde AG will begin making hydrogen from surplus wind power at a €17 million ($23 million) plant in Germany that will be the biggest of its kind when completed next year. The facility will be able to use 6 MW of excess power to make hydrogen. [Businessweek]
  • An eight-year study of South Australia’s electricity sector has found that large-scale wind energy deployment has dramatically reduced carbon emissions without increasing electricity prices and without the need for additional back-up generating capacity. [Renewable Energy Magazine]

US:

  • An effort in Springfield to overhaul Illinois’ clean-energy law to jump-start stalled renewable power projects in the state is dead for this legislative session. The effort died after Exelon threatened to close two or three of its six nuclear power plants in the state. [The Capitol Fax Blog]
  • The president and CEO of Exelon says market dynamics are better than a few months ago for a handful of Exelon nuclear energy units that have been losing money. Improved forward power prices have encouraged him about five nuclear units that had been losing money. [Utility Products]
  • The Obama administration is considering ways to cut greenhouse-gas emissions by as much as 25% by reaching beyond the power plants themselves and encouraging owners expand to renewable energy, improve the grid efficiency or encourage customers to use less power. [Businessweek]
  • Georgia Power today announced plans to build, own and operate three separate solar generation facilities on U.S. Army bases in Georgia. The generation facilities are each capable of producing approximately 30 MWac. [AZoCleantech]
  • A team of veterans and national security experts who promote green energy has entered the debate over Ohio’s energy efficiency and renewable standards, saying America’s dependence on fossil fuels and foreign oil poses a national security threat. [WCBE 90.5 FM]

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