Archive: News

World Bank: Global Carbon Market Doubles in 2008

Despite financial turmoil, the global carbon market doubled in size and grew to an estimated value of $126 billion, according to the latest State and Trends of the Carbon Market Report 2009, released today by the World Bank at Carbon Expo in Barcelona.

U.S. Power Sector Carbon Emissions Fell  2.1% in 2008

Carbon dioxide emissions from the power sector decreased by about 2.1% as power generation declined by 1% last year, according to preliminary estimates released last week by the Energy Information Administration (EIA). The decrease reflected, among other factors, falling emissions from fossil fuel generation and an increase in wind-powered generation, the agency said.

Planned U.S. CCS Demonstration Will Be Largest Test of MHI’s Amine Technology

A public-private partnership that includes the Energy Department, Mitsubishi Heavy Industries (MHI), the Electric Power Research Institute (EPRI), and Southern Co. is planning the largest start-to-end coal-fired demonstration of MHI’s amine solvent carbon capture technology at an existing Alabama coal-fired unit by 2011.

Duke Energy Vindicated on Majority of EPA Pollution Control Charges

A jury in U.S. District Court for the Southern District of Indiana last week ruled in favor of Duke Energy and against the Environmental Protection Agency (EPA) on four of six projects involved in a decade-long pollution controls lawsuit affecting the company’s Midwest power plants. The jury ruled against the company on two Indiana projects.

U.S. Power Sales Plunge on Weak Economy

U.S. power sales have plunged in the past six months on the back of an unprecedented demand decline that was caused by sharp contractions in the economy, and recovery is not anticipated until the 2010 to 2015 period, an analysis from Edinburgh-based Wood Mackenzie shows.

Cap-and-Trade Bill Clears House Committee

After a week of long and heated arguments, the House Energy and Commerce Committee on Friday passed by a vote of 33 to 25 the American Clean Energy and Security Act of 2009, a massive 946-page bill that would set up a cap-and-trade program and a federal renewable energy standard.
H.R. 2454 now heads to the House Ways and Means Committee, which will review the tax and trade implications of the bill. That committee could make more revisions to the bill.

Calvert Cliffs Unit 3 on DOE Loan Guarantee Shortlist

UniStar Nuclear Energy last week confirmed that its Calvert Cliffs Unit 3 nuclear energy facility was among four projects chosen by the U.S. Department of Energy (DOE) to enter the final phase of due diligence for a portion of $18.5 billion in federal loan guarantees for advanced nuclear projects. The selection positions UniStar to move forward with detailed negotiations leading to a conditional commitment under the program.

Chu: $2.4 Billion of Stimulus Funds to Accelerate Deployment of CCS

U.S. Secretary of Energy Steven Chu on Friday announced at the National Coal Council that $2.4 billion from the American Recovery and Reinvestment Act will be used to expand and accelerate the commercial deployment of carbon capture and storage (CCS) technology.