Environment-Renewables
US DOE launches transmission project
US energy secretary Steven Chu has announced details of a new $213 million transmission project to bring renewable energy resources to market.
Offshore wind to provide 17% of European electricity by 2020
Current offshore wind capacity has the potential to supply 17% of European Union electricity demand by 2030, according to the European Wind Energy Association (EWEA). Offshore wind currently provides a meagre 0.3% of European electricity demand.
Environmental exploitation
Recessions usually spell bad news for the environment. Promises of investment in clean energy and sustainable technology wither away as mediocre returns drive investors to count the cost of easing their conscience. But today's burgeoning green sector…
Green skies ahead?
Biofuels could become part of the jet-fuel blend in as little as two years and ready for large-scale use by 2015, say experts. Katie Holliday talks to airlines, biofuels experts and carbon traders about the implications for the jet fuel market.
Green shoots
Will the US Department of Energy's stimulus funding provide the financing required by the renewable energy sector?
Financials could face carbon curbs under Senate proposals
Senators could call for curbs on who can participate in the carbon market created under the American Clean Energy and Security Act (ACES) when it is considered by the Senate after the August recess. It was passed by the House of Representatives on June…
A seagull's-eye view
US offshore energy could receive a boost from a newly announced US Federal regulatory scheme. Gregory Lawrence, Mustafa Ostrander and Stephen Smith of McDermott Will & Emery outline the programme
All for one
The Waxman-Markey Bill brought the US a step closer to establishing a federal mandate for renewable energy generation. Pauline McCallion looks at the implications for renewable energy credits trading
Airlines to face €1 billion carbon bill in 2012
Aviation's entry into the European Union Emissions Trading Scheme (EU ETS) in 2012 is set to cost the sector €1 billion, a report by carbon analysts Point Carbon has shown.
Exelon drops NRG acquisition plan
Exelon Corporation has terminated its offer to acquire all of the outstanding shares of NRG Energy common stock at a fixed exchange ratio of 0.545 of a share of Exelon common stock for each share of NRG common stock.
Deutsche Bank lists hedge fund and carbon ETFs on LSE
Deutsche Bank has listed its hedge fund exchange-traded fund on the London Stock Exchange. The listing of the Ucits III compliant ETF, based on the db Hedge Fund Index, which follows the launch of a euro-hedge version on the Xetra Frankfurt in March, is…
Carbon market VAT scrutiny shifts to Climex
The Dutch government has announced changes to the way carbon permits will be taxed, following concerns about a 49% leap in volumes on Dutch carbon exchange Climex in June. The growth came despite an overall drop in trading volumes across all European…
Trayport links cleared OTC energy trades to LCH.Clearnet
Trading software provider Trayport has announced that it will now offer automated clearing for energy OTC trades on LCH.Clearnet.
French power supply problems could hit UK
Unusually high temperatures last month put a third of France's nuclear power stations out of action, forcing the country to import electricity from the UK. According to Chris Bowden, CEO of energy and carbon advisors Utilyx, the UK may face similar…
Government initiates $3bn renewables programme
The US Treasury and Department of Energy today announced today a $3 billion funding programme for the development of renewable energy projects, as well as publishing application guidance for obtaining funds.
Pickens Plan hit by transmission issues
Oil tycoon T. Boone Pickens has confirmed reports that he is to shelve plans to build the world's largest wind farm in Texas and will funnel the resources into smaller projects instead.
Updated: Light at the end of the tunnel for Russian JI
The Russian government is discussing an important step towards clarifying regulatory procedures for JI projects, according to market participants.
Carbon traders reject EDF Energy’s price floor calls
Carbon market participants have criticised calls by EDF Energy chief executive Vincent de Rivaz for a carbon price floor.
Recession drives carbon trading says report
The global carbon market has grown despite the economic slowdown, a report has shown. Global carbon market volumes grew by 124% and by 22%, in terms of value, in the first half of 2009, according to a report by market analysis firm Point Carbon…
Oil & gas sector stung by Obama budget proposals
Tax changes proposed in President Obama's 2010 budget have raised concerns in the US oil & gas industry about supply security and price volatility. Pauline McCallion reports