Chinese Solar Power Panel Lights Up Investment

Friday, March 19th, 2010

During the 2010 Solar Power Finance & Investment Summit in San Diego, a large crowd learned that Chinese companies have cash and interest in the US solar energy market, yet partnerships require patience and low risk.

To explore the opportunities, R. Thomas Hoffmann, Partner with Ballard Spahr, led a panel with three experts on Chinese solar investing. They were:

  • Jimmy Chuang, is with GCL Solar, the largest polysilicon producer in Asia and the largest solar developer in China.  GCL has access to $4.5 billion.
  • K. Scott Son, Vice President of Project Finance at Suntech, the largest producer of silicon PV in the world (nearly $2 billion in revenue in 2008).
  • Sha Wang, Principal at Cybernaut Investment, a family company with US and Chinese roots and a $500 million solar investment fund.

(more…)


EPA Launches National Study of Hydraulic Fracturing

Thursday, March 18th, 2010

Responding to reports of environmental contamination in gas drilling areas across the country, the U.S. Environmental Protection Agency will conduct a nationwide scientific study to determine if the problems are caused by the practice of injecting chemicals and water underground to fracture the gas-bearing rock.

The study, announced Thursday but hinted at for months, will revisit research the agency published in 2004, which concluded that the process of hydraulic fracturing did not pose a threat to drinking water. The 2004 report has been widely criticized, in part because the agency didn’t conduct any water tests in reaching that conclusion.

(more…)


Deal on Senate Climate Change Bill Close

Thursday, March 18th, 2010

Smoke rises from chimneys at the Sugar Cane Growers cooperative in Belle Glade, Florida January 6, 2010. REUTERS/Carlos Barria

WASHINGTON (Reuters) – The Senate is close to wrapping up talks ahead of introducing a compromise climate change bill, said a top Democratic lawmaker who discussed ideas with industry groups on Wednesday.

“We’re planning to button up our efforts somewhere I hope next week,” Senator John Kerry told reporters after meeting with a coalition that represents automakers, forestry and paper companies, Big Oil, steel, mining, electricity and others.

Kerry is working with Republican Senator Lindsey Graham and independent Senator Joseph Lieberman on a bill to require U.S. industry to cut emissions of carbon dioxide and other greenhouse gases associated with global warming.

(more…)


Air Quality in the US Improving

Thursday, March 18th, 2010

Do we really need all the regulatory programs at the federal and state levels of government?

Do they really work to improve the quality of our air and water? Are they worth their cost in terms of regulatory burden and costs of compliance? In short, yes! To some extent, our regulatory programs are a trial and error affair. We can’t always know the ultimate effectiveness of a new program nor its ultimate costs. We can’t always predict the economic benefits of new regulations either since they invariably lead to innovation and generate new inventions and jobs.

The US has been monitoring the quality of our air and water for decades, so we can track the effectiveness of our programs. The U.S. Environmental Protection Agency (EPA) is making the most recent data available. Air pollution impacts public health, the environment, and the Earth’s climate, and understanding these impacts are important priorities for the agency.

(more…)


EPA Dishes Dirt on Toxic Chemicals for Free

Wednesday, March 17th, 2010

The Web has been a valuable source of information on the releases of toxic chemicals our communities, and for citizens and environmental action groups to see what companies and facilities are emitting air pollutants, discharging  water pollution, and generating hazardous wastes.

Finding the information you were looking for was not always easy, and not always free. Now things are getting a little easier, and more information is obtainable for free.

The U.S. Environmental Protection Agency announced that it is providing Web access, free of charge, to the Toxic Substances Control Act (TSCA) Chemical Substance Inventory. This inventory contains a consolidated list of thousands of industrial chemicals maintained by the agency. (more…)


Are Solar Thermal Markets Set for Rapid Growth?

Tuesday, March 16th, 2010

California recently approved the decision of a state-wide solar heating program consisting of almost $360 million financial incentives and market development funding by 2018. This initiative will soon be followed by rest of the country that lagged behind the world in installing solar thermal systems.

Global statistics show that the solar thermal industry is taking large steps in fulfilling heating and cooling demand in the world. Most of the countries around the world have adopted incentive programs for both solar water heating and space heating. Whereas in some countries, solar thermal systems have been widely utilized for so many years even without incentives.

The most important decision criteria for a household to install a solar thermal system is basically the payback times of their investment. The main driving factors of the investment payback time are the total cost of the systems and the cost of alternatives heating systems. (more…)


U.S. Scientists Propose New Procedures for U.N. Climate Panel

Monday, March 15th, 2010

More than 235 U.S. scientists, including some of the nation’s most prominent climate researchers, are recommending new procedures for the U.N.’s Intergovernmental Panel on Climate Change (IPCC), including acknowledging errors on the organization’s website as soon as they are known.

In an open letter, the scientists, some of whom have contributed to IPCC reports, defend the quality and transparency of the panel’s research. But they suggest the IPCC should become more responsive in acknowledging mistakes and should publish an erratum online that corrects any errors discovered after publication. (more…)


British Columbia Approves 19 Green Power Projects

Friday, March 12th, 2010

(Reuters) – British Columbia has given the green light to 19 private-sector clean energy projects that will generate enough power to supply nearly 218,000 homes in Canada’s Pacific Coast province.

The approvals, announced late on Thursday by BC Hydro, the government-owned electricity utility, mark the first phase in the provincial government’s long-delayed push to generate more green power.

Fourteen of the 19 proposals are 14 run-of-river hydroelectric projects, in which river water is diverted through turbines to produce power without the use of dams. The remainder are wind power projects. (more…)


How Green Were the Vancouver Olympics? An Entrepreneur Reports

Friday, March 12th, 2010

Jack Hidary, one of the more innovative green entrepreneurs, was at the recent Vancouver Olympics evidently enjoying himself at events (especially speed skating) but, more importantly, engaging with world leaders to foster engagement toward more sustainable practices.

In the video below, Hidary discusses Vancouver’s Green Olympics (VANOC sustainability page ) even as he highlights some gaps, such as a shortfall in the use of highly cost-effective solar outdoor lighting. (more…)


Few Utilities Power Ahead with Renewables

Friday, March 12th, 2010

As surely as last year’s Paris fashions make their way west to New York, U.S. utilities are beginning to embrace European-style programs like feed-in tariffs and green power premiums.

State-level decoupling regulations are easing that transition to some extent. But many utilities are still reluctant to embrace the change fully, especially as prices for conventional energy have come back down and utilities are finding that available capacity in voluntary green power is going unsubscribed.

Utilities do not like the financial uncertainty posed by long-term contracting for renewable power to supply the programs if they are not going to be able to move the power. It inevitably puts the utility’s shareholder obligations at odds with its ratepayer obligations and results in one of two solutions: green premiums go up and make the company look bad on green; or, everyone on the system pays to cover the nut, and no one is happy. (more…)


 


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