New York State Assembly members Kevin Cahill and Barbara Lifton introduced a carbon tax bill into the Assembly this week. The bill would tax carbon emissions with the ultimate goal of reducing carbon dioxide emissions. This is an ambitious effort that starts a discussion at the state level on what a market-based solution to climate change should look like. The bill would implement a carbon tax that would start at $40 per metric ton of carbon dioxide and increase in $10 increments annually up to $180 per metric ton, which would entirely eliminate carbon dioxide emissions in New York State.- JA Solar Holdings has announced that Australia’s 70 MW Moree Solar Farm (MSF) has begun to install the batches of solar modules provided by JA Solar since June. MSF is located 10 km south of Moree, in northern New South Wales. The project is owned by Fotowatio Renewable Ventures. Project financing totaling $164 million, including a $102 million grant from the Australian Renewable Energy Agency and $47 million of debt financing from the Clean Energy Finance Corporation, was secured in August 2014, and construction of the farm broke ground in November 2014.
- China Ming Yang Wind Power Group has announced that it entered into a framework agreement with CGN Wind Energy, one of the new energy arms of China General Nuclear Power Group and Shenzhen Energy to jointly invest in a fund management company, namely Guangdong Oriental Millennium Renewable Energy Industry Fund Management Co. Ming Yang expects to make a limited partner capital commitment of up to RMB1 billion to the Guangdong Renewable Energy Industry Fund to managed by Oriental Millennium.
