Friends and foes of the U.S. are in today’s edition: Mexico is on track to deliver record levels of clean energy investment this year and Brazil is gearing up its economy for a renewable energy drive, while Iran manages to dodge sanctions with a natural gas byproduct and Cuba rethinks its energy strategy to include renewables, after failing at offshore oil drilling.
Quote of the day
“Red tape is still a big problem, as well as the taxes.”
Alberto Cutter, sales director for emerging markets at Jinko, a top producer of photovoltaic (PV) panels, in the Reuters’ story Brazil readies big push on solar energy but companies are wary
Brazil readies big push on solar energy but companies are wary
Grappling with its worst energy crisis in more than a decade, Brazil is making its first big move to develop a local solar power industry that could help reduce its dependence on a battered hydro power system.
***LB: Also in this story “In October, Brazil will hold an auction to negotiate energy to be produced exclusively by solar farms, the first ever of the kind in the South American country.”
Brazil bank BNDES outlines plans to finance solar-power plants
Brazil’s state-owned development bank BNDES will offer loans to power companies to cover up to 65 percent of the cost of new solar generation projects in the country, part of the government’s plan to rapidly develop a local solar energy industry.
Central America poised for clean tech investment boom
Mexico is on track to deliver record levels of clean energy investment this year, further reinforcing Central America’s position as one of the world’s leading emerging clean tech markets.
With Natural Gas Byproduct, Iran Sidesteps Sanctions
Clifford Kraussaug, The New York Times
Iran is finding a way around Western sanctions to export increasing amounts of an ultralight oil to China and other Asian markets, expanding the value of its trade by potentially billions of dollars a year.
***LB: Also in this story “The condensates can be a byproduct of natural gas or oil production. But under the sanctions, they are fully covered only when they come out of an oil field, and not when produced from a natural gas field, even though they are routinely mixed with heavier grades of oil later for making fuels.”
After offshore oil failure, Cuba shifts energy focus
Marc Frank, Reuters
Cuba has shifted its focus away from offshore oil, concentrating on renewable energy and improving output from onshore wells due to a lack of interest by foreign companies for further deepwater exploration, sources close to the industry say.
UN: Climate adaptation investment will ensure Africa’s growth
Investment in climate change adaptation will prevent decades of development in Africa being undone by water shortages or floods, according to the UN Environment Programme (UNEP).
Turkey Striving to Realize Energy Dream
With Ukraine and the Middle East currently engulfed in turmoil, Turkey is trying to play a new energy-export card and, in the process, strengthen its position as a regional energy hub.
Rising economies ‘ahead on climate’
Navin Singh Khadka, BBC News
Four of the world’s emerging economies have claimed that they are far ahead of developed countries in their efforts to slow climate change.
***LB: Also in this story “Ministers from the BASIC countries (Brazil, South Africa, India and China, known as the BASIC bloc) made the claim after meeting in the Indian capital, New Delhi.”
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
The Climate Trust’s $10M moment
Wendy Culverwell, Portland Business Journal
The Climate Trust marks its 17th anniversary with a deal that pushes its total investment in projects that offset carbon emissions from power plants past $10 million.
***LB: Also in this story “The Portland-based nonprofit, which invests money from power plants into projects that offset their carbon emissions, purchased offsets associated with 10,000 forested acres in Maine’s Katahdin Iron Works conservation preserve. “
Natural gas / coal
Beijing’s coal use drops seven per cent over first half of 2014
Beijing cut coal consumption seven per cent in the first half of this year according to state media as the Chinese capital battles the smog that has besieged it over recent years.
(Column) Next energy revolution will be on roads and railroads
John Kemp, Reuters
From modest beginnings in the Barnett shale beneath the city of Fort Worth, unnoticed by most energy analysts, horizontal drilling and hydraulic fracturing spread across North America and transformed all aspects of the energy landscape in under 10 years.
Senators want more comment time on EPA climate rule
Timothy Cama, The Hill
Two senators are planning to ask the Environmental Protection Agency (EPA) to further extend the public comment period for its power plant carbon proposal.
Coal’s Reign Ebbing in U.K. May Delay New Plants, Baringa Says
Rachel Morison, Bloomberg
Natural gas’s return as a profitable competitor for coal in U.K. power generation may cause utilities to hesitate in their choice of fuel and delay investment in new plants, according to energy consultants Baringa Partners LLP.
Iran hails major new wind farm
Jessica Shankleman, BusinessGreen
Iranian Energy Minister Hamid Chitchian has cut the ribbon on a major new wind farm project, as the oil rich country seeks to boost its use of energy from renewable sources.
***LB: Also in this story “The MAPNA Group this week cut the ribbon on the first phase of its Kahak wind farm boasting 17.5MW of capacity and located in the north-west province of Qazvin, which neighbours Tehran Province.”
Eon profit down as clean energy squeezes power price
Jeevan Vasagar, Financial Times
Eon posted a 20 per cent fall in profit on Wednesday as the expansion of renewable energy in its home market squeezed wholesale power prices.
UK wind power sets new summer record
James Murray, BusinessGreen
The UK’s wind energy industry set a new hourly output record for August late on Sunday, as strong winds led to a surge in renewable energy generation.
Germany’s Renewables Did It Again, A New Record!
Roy L Hales, Clean Technica
Germany’s renewables did it again, a new record! According to the Fraunhofer institute, renewable energy produced about 81 TWh, or 31% of the nation’s electricity during the first half of 2014.
***LB: Also in this story ” Solar production is up 28%, wind 19% and biomass 7% over last year. “
Green signal for ‘Britain’s first’ battery-powered train
Network Rail is trialling a prototype battery-powered train it claims could prove a cost-effective and sustainable zero emission replacement for diesel engines.
Electric Vehicle Sales Expected To Grow Globally To 1.8 Million By 2023
Joshua S. Hill, Clean Technica
The rise of the electric vehicle has been predominantly centered in North America and Europe, but new figures from Navigant Research predict that the Asia Pacific region will soon become the largest market for plug-in electric vehicles (PEVs).
California Will Fall Short of Water Recycling Goals
Brett Walton, Circle of Blue
Just as they failed to meet non-binding statewide targets set more than two decades ago for reusing water supplies, California’s water providers are not spending enough to achieve new water recycling goals that were approved last year, officials in the Department of Water Resources (DWR) told Circle of Blue.
States Use Regional Partnership, Innovation to Protect Rivers and a Way of Life
Astor Boozer, United States Department of Agriculture blog
The Pacific Northwest is known for its picturesque lakes, cascading streams and dramatic coastlines.
Report: US green employment surge takes clean job opportunities past 2.6 million
The number of so-called “Clean Jobs” in the US has soared in the past year, as job postings in the sector climbed 88 per cent in the past 12 months to pass through the 2.6 million mark.
Governors In Rainforest Nations Continue To Step Up On Deforestation.
Will The Rest Of The World Follow?
Steve Zwick, Ecosystem Marketplace
Indonesia’s largest cash crop is palm oil. In Brazil, it’s soybeans. Those two crops are driving deforestation in both countries, yet governors from oilseed-dependent states in both countries have vowed to slash deforestation if funding for Reduced Emissions from Deforestation and forest Degradation (REDD) materializes.