Paris Calls for Bids to Run Electric Car Hire Scheme

Friday, December 11th, 2009

Paris calls for bids to run electric car hire schemePARIS (Reuters) – The Paris city hall and local authorities in several surrounding districts on Thursday called for bids to run a self-service electric car hire scheme modeled on the “Velib” bike rental system.

The “Autolib,” which is scheduled to start in September 2011, would consist of 3,000 vehicles at 1,000 rental sites in Paris and neighboring communes, the city’s town hall said on its website.

Four thousand battery-charging stations are also planned.

A candidate to run the Autolib service will be chosen by the end of next year. The Velib scheme is run by JCDecaux.

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What Are the Tax Benefits for Electric Cars Like the Nissan Leaf?

Friday, December 11th, 2009

Nissan LeafThe movement towards zero emission electric cars is gaining a tremendous amount of momentum. As we move into 2010, practical electric vehicles for the vast majority of the public will be available late in the year with the release of the Nissan Leaf. The shift that may occur in the coming years provides the opportunity to engage in open dialogue about the tax benefits and burdens as the US moves into the era of the electric car.

If you plan to purchase an electric car in 2010, you can expect a healthy federal income tax credit to reward you. For plug-in electric vehicles with a gross vehicle weight of less than 14,000 pounds acquired after December 31, 2009, the maximum tax credit available will be $7,500. The base amount of the credit is $2,500. If the car has a battery capacity of at least 5kWh, then an additional $417 in tax credits will be available. For every kWh of battery capacity in excess of 5kWh, $417 will be added to the total amount. The additional amount, based on battery capacity, over the base amount is limited to a total of $5,000.

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George Soros’ Grand Scheme, the IMF’s Money, and Developing Nations

Thursday, December 10th, 2009

George SorosThe United States and a coalition of the world’s island nations and least developed countries are placing growing pressure on swiftly developing countries — most notably China — to commit to firm CO2 emissions reductions targets at the Copenhagen summit. As the U.S.’s chief climate negotiator, Todd Stern, told reporters there’s “no way” to solve the global warming problem “by giving the major developing countries a pass,” poor states and island nations proposed that all countries sign an agreement with legally binding CO2 reductions targets. China rejected that idea.

The Alliance of Small Island States — composed of 43 nations highly vulnerable to global warming and sea level rise — was joined by 48 of the world’s poorest countries in proposing that the Copenhagen summit set a goal of holding global temperature increases to 1.5 C (2.7 F) above pre-industrial levels. But as the small nations were making that plea, the UK’s Met Office said that given rapidly rising concentrations of CO2 in the atmosphere, meeting a 1.5 C goal was virtually impossible and that holding global temperature increases to 2 C (3.6 F) will be difficult, even in the highly unlikely event that global greenhouse gas emissions peak in 2020.

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Green City Project Masdar’s Fate May Hinge on Dubai Debt

Thursday, December 10th, 2009

What's the next step for Dubai and the UAE?Dubai’s debt woes could have an impact on a key experiment in the renewable energy sector.

In late November, Dubai indicated that its state-controlled investment firm Dubai World needed to restructure $26 billion in debt, sending a shock through global markets.

Dubai is part of the United Arab Emirates, a federation of seven city-states ruled by hereditary clans. It is largely bankrolled by neighboring Abu Dhabi, which uses Dubai as the UAE business center. (more…)

Automotive Battery Makers to Benefit From Smart Grid

Wednesday, December 9th, 2009

Driving to work and flipping on a light switch may seem to unrelated activities, but very soon lithium ion batteries will assist in making both possible.

The nascent electric vehicle market is likely to standardize on lithium ion batteries. Today the cost of plug-in and all-electric vehicles is too high for many consumers thanks to batteries, which can add $10,000 or more to the price tag. The cost of batteries is only expected to come down after battery cells and packs are produced in sufficient volume to achieve economies of scale.

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Effects of CO2 May Be Underestimated In Climate Models

Wednesday, December 9th, 2009

Scientists use the Community Climate System Model to increase their understanding of the world’s climate patterns and learn how they may affect regions around the globe.Research conducted by the University of Bristol, and the University of Leeds in the UK have demonstrated that our climate models may be underestimating the effects of CO2 on global temperatures.

In the long term, the Earth’s temperature may be 30-50 per cent more sensitive to atmospheric carbon dioxide

than has previously been estimated, reports a new study published in Nature Geoscience this week.

The results show that components of the Earth’s climate system that vary over long timescales — such as land-ice and vegetation — have an important effect on this temperature sensitivity, but these factors are often neglected in current climate models.

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Tekes — Funding Finnish Clean Tech Companies. Too Much Capital?

Wednesday, December 9th, 2009

Finnish entrepreneurs don’t value the difficulties often endured by their contemporaries in the US and Europe in their pursuit of seed capital.During the first day of our tour of Finland’s clean tech companies, we got to meet with Kari Herlevi a Senior Business Advisor recently back in Finland after a tour in Silicon Valley with Tekes, the entity charged with executing the Finish government’s seed investment strategy in technology and innovation. Investing through grants and soft loans, Tekes offers Finnish entrepreneurs a source of capital that a dormant VC and Angel Investing industry fails to provide. Almost invariably, over the course of the ensuing three days Tekes was mentioned as a source of funding for the companies we visited.

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Recession Puts U.S. Halfway to Emissions Goal

Tuesday, December 8th, 2009
U.S. Carbon Emissions 2008WASHINGTON (Reuters) – The recession has slashed U.S. output of planet warming gases and puts the country on track to reach President Barack Obama’s short-term emissions goal, but cutting the pollution further will take more effort as the economy recovers.

“Losing weight by starving is different than shedding pounds through exercise,” said Kevin Book, an analyst at ClearView Energy Partners, LLC.

He said as the economy recovers electricity demand should rise, pushing up emissions from that sector. That will require the world’s second largest emitter of greenhouse gases after China to move faster to low-carbon sources like renewable energy if Obama’s short-term goal is to be met, he said.

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Leaked Text Causes Uproar in Copenhagen; EU Withdraws Offer on Emissions Reduction

Tuesday, December 8th, 2009

Air Pollution in Calcutta, IndiaDelegates from developing nations at the Copenhagen conference were incensed after reading a leaked document purporting to show that a group of wealthy nations intends to sideline the UN in future climate change negotiations and place CO2 emissions restrictions on poorer nations.

The Guardian reported that the so-called “Danish text” — reputedly drafted by wealthy nations including the United States, the United Kingdom, and Denmark — would abandon the principles of the Kyoto Protocol requiring industrialized nations to commit to binding greenhouse gas emissions while poorer nations were not compelled to act. The draft text would hand control over financing climate change projects in the developing world to the World Bank and would make funds given to poorer nations for climate change adaptation contingent on those nations taking actions to reduce emissions.

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EPA to Regulate Greenhouse Gas Emissions Under the Clean Air Act

Tuesday, December 8th, 2009

The United States Environmental Protection Agency is moving forward in regulating greenhouse gas emission in the US from both mobile sources (principally autos and trucks) and stationary sources (industrial and power generation sources). The actions taken today support EPA in regulating greenhouse gas emissions under the Clean Air Act.

[Yesterday], the US EPA Administrator signed two distinct findings regarding greenhouse gases under section 202(a) of the Clean Air Act:
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