As climate talks begin to wind down in Qatar, a new report, “Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy,” has been released by Calvert Investments, Ceres and World Wildlife Fund. The report concludes that many of the world’s largest companies are not waiting for binding treaties and subsequent polices, rather they are integrating clean energy …
Algae. Tec Facility Continues to Attract Attention
Parliamentary Secretary for Defence and Member for Eden-Monaro Dr Mike Kelly recently visited Alage.Tec facility in Shoalhaven (Australia). The plant is proving out technology that produces low cost, high grade algae-based biofuels. While on site, Dr. Kelly was briefed about the technology by company representatives. One element with great promise is the fact that algae “eat” carbon to grow. In …
Propel Receives $21M in Investments
Propel Fuels has closed on the initial phase of its Series D round of funding with $11 million in equity capital from existing investors Nth Power, Craton Equity Partners, and @Ventures as well as a new investor, Gentry Venture Partners. In addition, the company has secured $10 million in debt financing from CapX Partners. With the additional funds, Propels plans …
Offshore Wind Within Reach Off Eastern US Shores
The Obama administration has announced competitive lease sales for wind energy development off the eastern coasts of Massachusetts, Rhode Island and Virginia. This is the first time that a portion of the outer continental shelf will be leased for renewable energy development. There are several areas proposed for leasing: the Virginia coast could support more than 2,000 megawatts of wind generation; Massachusetts and …
World Energy Trilemma Report Released at Doha
According to the World Energy Council (WEC), the world is far away from achieving environmentally sustainable energy systems. According to the organization’s global ranking of country energy sustainability performance, over 90 countries assessed are still far from achieving fully sustainable energy systems. The 2012 Energy Sustainability Index, published within the WEC’s 2012 World Energy Trilemma report, “Time to get real …
EC: Save Carbon Trading System; Need Key Actions
The European Wind Energy Association (EWEA) has been busy promoting wind energy throughout the European Union (EU). Last week, the European Commission identified key actions to develop the internal energy market by 2014 that included the phasing-out of regulated electricity prices and the Commission was also critical of capacity payments. In addition, the proposal lacks further development of the internal …
More Accurate ILUC Carbon Accounting
Dr. Jesper Hedal Kløverpris and Dr. Steffen Mueller have proposed a new approach to measuring the climate impact of biofuels related land-use changes (ILUC) as opposed to other land use changes: “Baseline Time Accounting Concept” and believe it should become an integrated part of future ILUC studies. According to the researchers, this model incorporates baseline time accounting into ILUC models, leading …
Cool Planet – 3 Years, 30 Biomass Plants
Cool Planet Energy Systems has announced a breakthrough in the commercialization and affordability of biofuels from biomass. Using a mechanical process and scaling approach, the company says it can produce high octane gasoline at the cost of $1.50 per gallon without the need for subsidies and also while removing carbon from the air during the course of production. The company, backed by …
Palm Oil Production Creates High GHG Emissions
The United States Environmental Protection Agency (EPA) is currently reviewing whether to allow biofuels produced from palm oil as an allowable renewable fuel under the Renewable Fuel Standard (RFS2). The palm oil industry and the Indonesian and Malaysian governments are applying pressure to the EPA to reverse its finding that the greenhouse gas emissions resulting from palm oil production are …
Book Review – Climategate
For those of you who believe in climate change, you will criticize me for not only reading but reviewing “Climategate,” by Brian Sussman as the last book in my 2012 La Nina Reading List. For those of you who don’t buy in to climate change, you’ll applaud me for bringing you this review. Sussman is best known as a TV …