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Renewable Industry Groups Jointly Call for Tax Incentives, Federal RES
Executives from U.S. wind, biomass, geothermal, hydropower, and solar industry groups on Tuesday jointly called on Congress to enact tax incentives, a federal renewable energy standard (RES), and comprehensive legislation—measures they said would accelerate growth in those energy sectors.
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Coal Digest: Boosts for CCS Projects
The week brought important policy and technology news concerning carbon capture and storage (CCS) from around the world. President Barack Obama unveiled a task force to make “clean coal” a reality as the European Union struck a major deal with member states for CCS funding. Caterpillar joined the FutureGen Alliance, and Siemens Energy said it would conduct a feasibility study for a novel postcombustion CCS system in West Virginia.
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Final Approval for Calpine’s Hayward Plant Includes GHG Limits
Calpine Corp. last week received final approval to build its long-delayed 600-MW Russell City Energy Center in the City of Hayward, Calif. The Prevention of Significant Deterioration (PSD) permit issued by the Bay Area Air Quality Management District (BAAQMD) puts limits on the natural gas–fired power plant’s carbon emissions.
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Report: World Nuclear Power Renaissance Unlikely Before 2030
Despite some powerful drivers, nuclear power faces too many barriers compared to other means of generating electricity, and that means that a significant expansion of nuclear power is unlikely to occur before 2030, the Centre for International Governance Innovation (CIGI), a Canadian think tank, said in a report on Thursday.
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AREVA to Acquire CSP Firm Ausra
French nuclear giant AREVA on Monday said it had acquired 100% of Ausra, a major U.S.-based provider of large-scale concentrated solar power (CSP) plants. The acquisition marks AREVA’s foray into solar power. The company already has major offshore wind and biomass ventures.
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Exelon to Join FutureGen Alliance
Exelon Corp. last week said it intends to join the FutureGen Alliance, a consortium developing a 275-MW integrated gasification combined cycle power plant with carbon capture in Matoon, Ill.
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Countries Commit to Emissions Targets by UN Deadline
The Secretariat of the United Nations Framework Convention on Climate Change (UNFCC) on Monday said it had received pledges from 55 countries to limit and reduce greenhouse gas (GHG) emissions by 2020. The international climate change body said the countries together accounted for about 78% of global GHG emissions from energy use.
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SEC Votes for Disclosure of Climate Change–Related Business Risks
The Securities and Exchange Commission (SEC) last week voted to approve interpretive guidance that calls for disclosure of climate-related business risks. These include the anticipated impact of climate change on assets and financial risks associated with compliance costs for existing and pending regulations.
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Brazil Grants Environmental License to 11,000-MW Amazonian Hydro Project
The Brazilian government granted an environmental license to the controversial 11,000-MW Belo Monte hydroelectric dam in the Amazon rainforest on Monday in hopes that the $17 billion project will help the country cope with growing demand.
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Obama’s 2011 Budget Boosts Nuclear, Renewables
President Barack Obama emphasized the role of nuclear power, offshore oil and gas exploration, and carbon capture and sequestration (CCS) in his first State of the Union speech last week. The proposed $28.4 billion Fiscal Year 2011 budget for the Energy Department released by the White House this week could provide a much-needed boost to these and other measures.