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The cap-and-trade approach will best tackle global warming and sustain economic recovery because, though reducing carbon emissions will cost money, alternatives to cap and trade will cost more, Exelon Chair and CEO John W. Rowe reiterated on Tuesday in a keynote address at the PennFuture Southeast Global Warming Conference in Penn Valley, Pa.

In the wake of this week’s Carbon Sequestration Leadership Forum (CSLF) in London—a meeting attended by leaders from 22 countries to explore the best ways to accelerate commercialization of carbon capture and storage (CCS)—several significant announcements were made around the world.

The $8 million pilot project funded by 37 power companies from around the world to test Alstom’s advanced chilled ammonia process on a 1.7-MW flue slipstream at We Energies’ coal-fired Pleasant Prairie power plant in Wisconsin has demonstrated more than 90% carbon capture—or about 40 tons each day—sponsors said on Thursday.

American Superconductor Corp. (AMCS) announced on Tuesday that its Superconductor Electricity Pipelines have been chosen for the Tres Amigas Project, the nation’s first renewable energy market hub. The Tres Amigas Project, introduced yesterday in Albuquerque by New Mexico Governor Bill Richardson, who was energy secretary in President Bill Clinton’s administration, focuses on uniting the three main U.S. power grids for the first time to enable faster adoption of renewable energy and increase the reliability of the U.S. grid.

The Mexican government over the weekend disbanded Luz y Fuerza del Centro, a state-owned power utility that distributes 30% the country’s power supply, and ordered the federal electricity commission to seize the utility’s operations because it was hemorrhaging money and the ensuing budget gap could threaten service to some 25 million customers.

The catastrophe at the 6,400-MW Sayano-Shushenskaya hydroelectric plant that killed 75 workers in southern Siberia on Aug. 17 had a number of contributing causes, including design, operation, and repair drawbacks, an investigative report released last week by the Russian industrial safety regulator Rostekhnadzor said. But the agency also pointed fingers at six high-ranking officials, saying that the accident resulted from their “negligence, laxity, and a lack of engineering thinking.”

The Environmental Protection Agency (EPA) last week proposed a rule that would limit future regulation of greenhouse gas (GHG) emissions under the Clean Air Act to industrial facilities that emit 25,000 tons or more of carbon dioxide annually. The announcement was made on the same day as Senate Democrats unveiled the “Clean Energy Jobs and American Power Act,” indicating increased pressure on Congress to pass comprehensive climate legislation.

Canadian Hydro Developers last week agreed to buy the rights to a proposed 4,440-MW offshore wind project—what could possibly be the largest offshore wind facility in the world—in Lake Erie from Utah-based Wasatch Wind, but the company later acknowledged that the Ontario government had not yet granted it the rights to build the farm.

Alcoa Power Generating (APGI) has countered North Carolina’s alleged efforts to seize its privately owned hydropower business along the Yadkin River by filing a formal response with the Federal Energy Regulatory Commission (FERC), the company said on Tuesday.

A pilot project begun at NRG Energy’s 1,700-MW Big Cajun II power plant will evaluate local conditions for growing switchgrass and high-biomass sorghum and determine if they could replace a portion of the plant’s combusted coal to reduce its carbon intensity. The project could lead to commercial-scale projects that would substitute biomass for some of the coal burned at NRG’s other carbon-intensive plants, the company said last week.