Energy

Saudi, Norway back carbon capture for CDM: paper
February 18, 2008 06:33 AM - Reuters

OSLO (Reuters) - Oil exporters Saudi Arabia and Norway will cooperate to get carbon capture and storage (CCS) -- burying greenhouse gases -- recognized as a way for rich countries to offset their emissions, a Norwegian daily reported. CCS involves trapping carbon dioxide (CO2) from industrial processes, such as power generation from fossil fuels, and storing it underground or below the seabed. The technology is still in a pioneering phase and is not yet commercial.

Thank carbon for air cars
February 16, 2008 09:31 AM - , Private Landowner Network

One of the great success stories of recent technological history is carbon fiber. Light, stronger than steel and corrosion proof, it’s used in everything from airplanes to fishing rods to sailboat masts. Without carbon fiber composites Guy Negre wouldn’t have his air powered cars. It’s the super strong carbon fiber pressure tanks that make the cars possible. Soon cars running on compressed air will go into production – in India. MDI Industries, of Carros, France, which develops the air powered cars and engine technology, has signed a licensing agreement with Tata Motors that allows that company exclusive rights to manufacture and market an MDI car and its technology in the world’s second most populous nation. The small, fiberglass composite 770 pound (350 kg) cars could sell for about $5000.

CERA sees a dozen U.S. reactors by 2015
February 16, 2008 06:54 AM - Reuters

HOUSTON (Reuters) - Challenges facing a nuclear revival in the United States seem only to increase, but industry experts at the CERA conference expect to see a dozen new reactors under construction in the next decade, they said Friday. "It's execution time," said Jone-Lin Wang, a senior director of Cambridge Energy Research Associates, host of the annual conference in Houston.

Investors pledge $10 billion for renewable energy
February 15, 2008 09:42 AM - Reuters

UNITED NATIONS (Reuters) - U.S. institutional investors pledged at a U.N. summit on Thursday to invest $10 billion over two years in technologies that aim to reduce greenhouse gas emissions and to pressure companies to disclose their risks associated with climate change. The plan "reflects the many investment opportunities that exist today to put a dent in global warming pollution, build profits and benefit the global economy," said Mindy Lubber, the president of Ceres, a coalition of investors and environmental leaders, and director of the Investor Network on Climate Risk.

Energy taxes in Italy seen falling as CO2 rises
February 15, 2008 09:41 AM - Reuters

ROME (Reuters) - Taxes on energy in Italy have fallen by almost a quarter in the last decade while greenhouse gas emissions have soared, environmental group Legambiente said on Friday, calling for greater action against climate change. In its annual report on the state of the environment, Italy's leading green group said successive Italian governments had failed to discourage growing energy consumption or encourage renewable power such as wind and solar.

U.S. moving toward ban on new coal-fired power plants
February 15, 2008 09:39 AM - Lester Brown, Earth Policy Institute

In a report compiled in early 2007, the U.S. Department of Energy listed 151 coal-fired power plants in the planning stages and talked about a resurgence in coal-fired electricity. But during 2007, 59 proposed U.S. coal-fired power plants were either refused licenses by state governments or quietly abandoned. In addition to the 59 plants that were dropped, close to 50 more coal plants are being contested in the courts, and the remaining plants will likely be challenged as they reach the permitting stage.

“Green Economics”: Turning Mainstream Thinking on Its Head
February 15, 2008 09:28 AM - , Worldwatch Institute

A few years ago, a homeowner in Las Vegas—a place that gets maybe five inches of rainfall a year—was confronted by a water district inspector for running an illegal sprinkler in the middle of the day. The man became very angry. He said, “You people and all your stupid rules—you’re trying to turn this place into a desert!” Ideas about how the world works that don’t accord with reality can be unhelpful. That’s especially true about mainstream economics, which is based in part on ideas that made a lot of sense at some point in the last 250 years but that have outlived their time and usefulness.

Time is up for coal: environmental analyst
February 15, 2008 07:27 AM - Reuters

NEW YORK (Reuters) - The United States should leave its estimated 200 years' supply of coal in the ground and invest in wind farms and solar technology for its power-generating needs, a leading environmental analyst said on Thursday. Wall Street, politicians and public opinion have all turned so dramatically against coal in the last year over climate concerns that it is probably "the beginning of the end of the coal industry," said Lester Brown.

Beijing to clean up gas stations before Olympics
February 15, 2008 06:44 AM - Reuters

BEIJING (Reuters) - Beijing plans to shut down 144 petrol stations by the end of May, about 10 percent of the city's total, to help clean up its air before the August Olympic games, state media reported on Friday. These gas stations, and nine oil depots, are mostly owned by China's state oil major Sinopec and by CNPC, the official Xinhua News Agency reported, citing the city's environmental authority.

Nobel winner urges oil execs to help cut emissions
February 13, 2008 09:37 AM - Reuters

HOUSTON (Reuters) - Rajendra Pachauri said he thought he was "walking into the lion's den" on Tuesday when he told oil executives they need to take a lead in cutting greenhouse gas emissions in order to save the earth. Pachauri, chairman of the U.N. Intergovernmental Panel on Climate Change (IPCC) that shared the 2007 Nobel Peace Prize with former Vice President Al Gore, said the oil industry has been both lion and lamb when it comes to seeing the need to cut greenhouse gas emissions to prevent global warming.

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