Thursday, January 18, 2007

Climate Change News: Roundup of Climate Blog Stories (#2)

Roundup of recent climate change stories bellow, many of these stories have been highlighted in the sidebar of Climate Change News/Action/Resources as 'Top Climate Blog Stories'.

This week the blogosphere has been dealing with questions of transport, future energy solutions, negawatts as a source of energy, carbon offsets, weird weather, china's development and environmental devastation, and continued business innovation.

In the case of transport, the main developments this week have been increasing concern over the rapid expansion of corn based ethanol in the US and more broadly about the global blueprint for biofuels. Advancements in ultra-capacitors have been seen, and these promise to increase the durability and performance of electric cars which both utilise energy more efficiently and promise a low emissions route to mobility if renewables can be used to source this power.


The electricity sector as always has shown some of the more positive trends. Solar power is expanding dramatically, Sharp's largest plant will soon have a production capacity of 800MW per year--a large fraction of global manufacturing capacity just a couple of years ago. The rapid rise of both solar and wind power is being supported by record, and rapidly increasing CleanTech investment. Wind power contracts have grown to 1400MW for Siemens in the US, a figure that would have seemed enormous just a couple of years ago; today several wind farms either already built or in the planning will individually approach this size. In a significant partnership, India and Europe are starting to undertake serious discussions of how to scale up wind power across the sub-continent. All of this development is starting to be integrated, visions of a 'Green Unifying Theory' are being developed. Many discussions are taking place about the contents of such a theory, one component that isn't to likely to be included is coal. That's a shame because in a reversal of the famous dash-to-gas, the UK seems to be undergoing a somewhat smaller but rather disconcerting career-to-coal.

Meanwhile, in efficiency, negawatts have been in the news again, a report just release in Texas has found that they don't actually need new coal, or wind, they need efficiency and this option is remarkably affordable. Technological developments that may help with such improvements in the future include frequency regulation using flywheels that produce a tiny fraction of the GHG emissions associated with typical regulation facilities.

After 'Carbon Neutral' made it as word of the year by the Oxford English Dictionary it was perhaps predictable that there would be more scrutiny of this nascent market. This has proved to be the case. In the UK the Environmental Audit Comitte has started an investigation and the UK government is planning offset standards. I recently also made my views on the topic clear and supported my preferred company, MyClimate.

All of which has become even more relevant, and discussed due to the extremely weird 'winter' weather occurring throughout the northern hemisphere. Weather that is having many unforceen impacts.

In Asian news, ASEAN has come to an agreement on encouraging energy efficiency, cheap energy and biofules (ahem..). The tensions between economic development, energy security and climate change are really showing themselves. China's continuing rapid expansion to the detriment of its environment has been written about over at china dialogue in a two piece article. Meanwhile, more on Bejing's efforts to clean up prior to the 2012 Olympics can be found here.

Finishing off with some good news, Marks and Spencer's (M&S) has join the growing ranks of businesses prepared to take on (to some degree) the issues of climate change. This general willingness can also be seen the in the continued growth of the Climate Group which has just acquired three new members.

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Saturday, December 09, 2006

Key Tax Bill for Renewables Moves Closer in US

08 December 2006

Key Tax Bill for Renewables Moves Closer to Vote Tax extensions promise to be an early Christmas present for the U.S. renewable energy industries.

by Stephen Lacey, Staff Writer Washington, DC [RenewableEnergyAccess.com]

The 109th Congress is poised to pass the Tax Relief and Health Care Act of 2006, a $40 billion tax bill that will extend key tax credits for the U.S. renewable energy industries until December 31, 2008.

"We were on fourth down and we just made a key conversion. Now we have another four downs to drive into the end zone."

-- Rhone Resch, President, Solar Energy Industries Association

The comprehensive bill will extend the investment tax credit, research and development tax credit, and credits for renewable energy bonds. Although the bill only extends these credits for another year, renewable energy advocates are hailing it as a major step forward for the wind, solar, bioenergy, geothermal and hydropower industries -- and could set up Congressional action for longer term extensions next year.

"This bill is a patch, and emphasizes the importance for Congress to enact long-term, comprehensive clean energy legislation when they return in January," said Rhone Resch, President of the Solar Energy Industries Association (SEIA).

Extensions of these credits will help eliminate the boom and bust cycle seen in many of the industries. If developers are unsure about the economic feasibility of a project, it may cause the project to be stalled for long periods of time, which has a negative impact on job growth and technological advancements.

"The wind industry is thrilled that Congress has taken this step to extend the tax credits," said Jaime Steve, Legislative Director of the American Wind Energy Association (AWEA). "This is all about keeping the wind industry at work and job stability for American workers."

Karl Gawell, Executive Director of the Geothermal Energy Association (GEA), said this tax bill ensures the continued growth of the geothermal industry.

"The uncertainty that these tax credits would not be extended was already causing projects to be postponed or downsized. Now this means that a good number of those projects will clearly go forward," said Gawell. "For the next year or 18 months we are going to see a very active market. But after that it will start tailing off. That's why we need longer term extensions."

AWEA, SEIA, GEA and all the other renewable energy interest groups will be pushing the 110th Congress for long-term extensions in January when lawmakers return to Washington.

"We were on fourth down and we just made a key conversion. Now we have another four downs to drive into the end zone," said Resch.

The bill may not be passed until later tonight or this weekend, said Resch. The House leadership will take up the measure today and could vote on it by this evening. Then it goes on to the Senate where cloture procedures may be used to accelerate the process so the bill can be voted on.

Because there is so much in the bill, there has been intense debate in the House and Senate over certain provisions. But the pressure on lawmakers to pass tax legislation before the end of the 109th Congressional term makes it likely that the bill will make it to the President's desk by Sunday. Meanwhile, industry representatives and advocates look on, eager for the Tax Relief and Health Care Act to move forward.

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