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4th March 2010
A group of US Democrat senators have urged the Obama administration to suspend its clean energy programme under the economic stimulus package as a new report shows more than $1bn has been paid out to foreign manufacturers.
1st March 2010
India is to establish a clean energy fund by imposing a tax on coal produced within the country and imported from abroad, the country’s finance minister has announced, which a regional expert told NewNet is expected to generate between $500 and $550m.
12th February 2010
Green engineering company Fuel Tech has welcomed the recently announced nitrogen oxide (NOx) emission control policy from the Ministry of Environmental Protection of the People’s Republic of China.
11th February 2010
Using newly enacted legislation introduced by Senator Julie Lassa, Senate Majority Leader Russ Decker, Legislators, Louie Molepske, Marlin Schneider, Amy Sue Vruwink, Mayor Mary Jo Carson and Wisconsin Governor Jim Doyle,US energy company Energy Composites Corporation took a step forward in its development of a new wind blade manufacturing facility in Wisconsin, US.
1st February 2010
Ed Miliband, UK Secretary of State for Energy and Climate Change, has today announced the levels of the feed-in tariffs for small scale low carbon electricity and confirmed the start date as 1 April 2010.
26th January 2010
The UK Innovation Investment Fund is off the ground with the first closing of the £125m Hermes Private Equity environmental innovation fund. The fund of funds will continue to seek further funding from investors.
19th January 2010
The US Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) will co-lead a new programme to develop advanced biofuels that are compatible with the US’existing hydrocarbon fuels infrastructure.
19th January 2010
The announcement by the German Environment Minister Norbert Röttgen (CDU) to introduce a proposal for the reduction of feed-in-tariffs for the solar sector has sent the solar stocks at the German Stock Exchange into a dive.
18th January 2010
Injecting an additional CAN$1.5bn into Canada’s renewable energy finance programme could spawn 5.2GW of new wind projects and carry a net present value benefit to Canada’s governments of CAN$287m, according to a new study from GE Energy Financial Services.
14th January 2010
The US imported 63 percent of its oil, or 4.35 billion barrels in 2009, sending nearly $265bn, or $502,473 per minute, to foreign governments, according to energy tycoon T Boone Pickens, based on the latest figures from the US Department of Energy’s Energy Information Administration (EIA).
14th January 2010
The US Department of Energy Secretary Steven Chu has announced the investment of nearly $80m under the American Recovery and Reinvestment Act for advanced biofuels research and fueling infrastructure that will help support the development of a clean sustainable transportation sector.
11th January 2010
US President Barack Obama has announced awardees of the clean energy manufacturing tax credit in the American Recovery and Reinvestment Act.
21st December 2009
Developed and developing country leaders have formed the Copenhagen Accord, reaching agreement after two weeks of negotiations and two years of talks.
18th December 2009
The UK, US, Australia, France, Japan and Norway have collectively agreed to dedicate $3.5bn in initial fast-start public financing towards slowing, halting and eventually reversing deforestation in developing countries, in the context of a comprehensive outcome in Copenhagen.
18th December 2009
US president Barack Obama has offered to $100bn of funding to help developing nations mitigate the impact of climate change, if it is part of a wider accord. Speaking in Copenhagen on the final day of the climate change talks, Obama pledged fast-start funding that will ramp up to $10bn by 2012, but said that the larger figure of $100bn by 2020 was contingent on the establishment of a broader framework of cooperation among the international community.
11th December 2009
New Mexico Governor Bill Richardson and the New Mexico congressional delegation have launched an initiative to develop a statewide strategic plan to make develop New Mexico’s biofuels industry.
10th December 2009
Saudi Arabia, which controls a quarter of the world’s oil reserves, is looking into renewable energy, according to chairman of the UK Atomic Energy Authority Lady Barbara Judge.
8th December 2009
Rome Mayor Gianni Alemanno and US academic Jeremy Rifkin have announced intentions to create a plan to make Rome a self sustaining city, according to the Financial Times.
7th December 2009
Following months of doubt, US President Barack Obama has agreed to participate in the climate conference in Copenhagen this month.
4th December 2009
Nine new combined heat and power projects announced by Governor of Pennsylvania, Edward Rendell, will receive more than $12m from the American Recovery and Reinvestment Act through Pennsylvania’s Green Energy Works! grant programme.
2nd December 2009
Smart meters will be rolled out through energy suppliers to every UK home by the end of 2020 under final plans published today by Energy and Climate Change Minister Lord Hunt.
2nd December 2009
European biofuels policy, once motivated by environmental concerns and the desire to shift away from fossil fuels, has become an industrial policy using various measures to protect domestic producers from foreign competition. If the Renewable Energy Directive is implemented in the way the legislation has proposed, the EU is likely to run afoul of its obligations in the World Trade Organisation (WTO), according to a new study of the European Union’s biofuels policy by economist Fredrik Erixon.
30th November 2009
UK Prime Minister Gordon Brown has proposed a $10bn Copenhagen Launch Fund to assist developing countries tackle climate change, as part of a global climate agreement to be reached in Copenhagen in December.
27th November 2009
Brazil’s energy research corporation, EPE, has approved 339 wind generation projects to be included in the nation’s energy auction in December, with an installed capacity of over 10GW.
26th November 2009
Investment and analysis specialist Allianz Global Investors has predicted that the big winners from the upcoming Copenhagen climate summit could be renewable energy technology providers and early corporate adopters of emissions reduction measures.
26th November 2009
China’s state council has pledged to reduce its carbon dioxide emissions 40 to 45 per cent by 2020 compared with 2005 levels.
26th November 2009
US President Barack Obama has committed to attending the UN Copenhagen climate talks in December.
24th November 2009
Shadow Chancellor of the Exchequer George Osborne pledged that a Conservative Government would cut central government emissions by ten per cent within 12 months of coming to office, allegedly saving taxpayers £300m a year.
23rd November 2009
The UK’s Shadow International Development Secretary Andrew Mitchell has revealed the Conservative party’s plan to end the use of the Export Credit Guarantee Department (ECGD) to support investment in fossil fuel power stations globally, if the party came into power.
20th November 2009
President Hu Jintao of the People’s Republic of China and US President Barack Obama have reached agreement in Bejing on the importance of furthering the implementation of the United Nations framework convention on climate change in accordance with the Bali Action Plan.
19th November 2009
Russian President Dmitry Medvedev has declared that Russia will further reduce emissions reductions.
19th November 2009
US Deputy Secretary of Energy Daniel Poneman has announced that $104.7m in funding from the American Recovery and Reinvestment Act will go to clean energy and efficiency technology research at seven national laboratories.
19th November 2009
Synthetic fuel technology company Oxford Catalysts Group has been awarded a $2.7m non-repayable technology grant under the US Recovery and Reinvestment Act, applicable over a period of two and a half years. The company’s grant proposal was one of a small number of successful applications out of more than 900.
18th November 2009
South Korean President Lee Myung-bak has set Korea’s greenhouse gas emission reduction target, promising to cut the nation’s carbon emissions by 30 per cent from a 2020 forecast.
16th November 2009
Following the Singapore talks, leaders of APEC Asia Pacific Economic Corporation have backed an alternative to the Kyoto agreement that was put forth by Danish Prime Minister Lars Loekke Rasmussen. US President Barack Obama was in support of following Danish Prime Minister’s plan, according to his security adviser Michael Froman.
13th November 2009
The Department of Energy (DOE) has been appointed Jonathan Silver as executive director of the department’s loan programme office.
10th November 2009
Heads of state, ministers and representatives of governments in Africa, Asia, the Caribbean and Pacific, have urged heads of state and government to intensify efforts and attend the Copenhagen climate change negotiations in December.
9th November 2009
Mary Coughlan, Irish Minister for Enterprise, Trade and Employment, has launched the €26m Bank of Ireland Seed and Early Stage Equity Fund, which will benefit start-up green technology companies.
6th November 2009
The United Nations (UN) and UK government have raised doubts as to whether a climate deal will be reached between world leaders at the climate change conference in Copenhagen this December, without further clarification on emissions reduction targets.
6th November 2009
Brazil’s President Luiz Inácio Lula da Silva has urged world leaders to join the December climate discussions in Copenhagen in order to spur action to reduce greenhouse emissions, according to the Financial Times.
5th November 2009
The US Treasury has selected Ecotrust to allocate $30m in federal tax credits to innovative initiatives that create economic, social and environmental benefit in the Northwest’s rural and disadvantaged communities.
4th November 2009
US President Barack Obama has approved fiscal year 2010 appropriations for the Department of Energy (DOE), including a three per cent increase in funds for the DOE Office of Energy Efficiency and Renewable Energy (EERE) to $2.24bn.
2nd November 2009
Former US Energy Secretary Spencer Abraham is to join renewable energy advisory firm UtiliPoint International as a senior advisor to the company and its parent company, Midas Medici Group Holdings.
2nd November 2009
EU leaders have been criticised for failing to articulate the amount each of its 27 member states would provide to developing countries to tackle climate change.
28th October 2009
US President Barack Obama has inaugurated the largest single electric grid modernisation investment in US history.
22nd October 2009
The European Bank for Reconstruction and Development (EBRD) is considering establishing a €50m Ukraine Renewable Energy Direct Lending Facility which would provide the Bank with an instrument to extend debt financing for renewable energy projects in Ukraine.
22nd October 2009
The UK government is to invest in innovative energy efficiency measures to cut emissions and energy bills in central government departments.
20th October 2009
The Carbon Trust is to invest up to £18m in additional Department of Energy and Climate Change funding into the UK clean energy sector.
16th October 2009
The Energy Information Administration (EIA) has confirmed the continued growth of renewable energy in the electrical generation sector in its recently published Electric Power Monthly report.
16th October 2009
Scotland and India have pledged to work together in the development of their renewable energy sectors. The two governments signed a memorandum of understanding to drive renewable energy innovation and increase supplies of wind energy, solar power and biofuels.
James Hall-Smith of HSBC discusses the drivers behind the growth of the European renewable energy scene and the opportunities this affords to infrastructure investors and project financiers alike.
‘I think there is an increased interest from a corporate governance and sustainability perspective. This makes many institutions focus on this area. There is also a recognition of the drivers behind environmental infrastructure, from the fundamentals of creating the best opportunity to tackling climate change, whilst also looking to gain energy security and satisfy the social and political drivers.'--- 1 Comment
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