Energy

China wind power hits 5.6 GW
January 16, 2008 06:04 AM - Reuters

BEIJING (Reuters) - China's wind power generating capacity surged to 5.6 gigawatts by the end of last year, but over a quarter of it is still not connected to the grid because of bad planning, an industry expert said on Wednesday. Shi Pengfei, vice-president of the Chinese wind energy association, said capacity growth in 2008 is likely to speed up, with another 4 GW expected to be added by the booming industry. This will bring the total amount of turbines erected by the end of this year to nearly 10 GW, or twice Beijing's official target for the end of the decade.

Wind Power and M&A: A Moveable Feast
January 15, 2008 10:21 AM - , Triple Pundit

Multi-billion dollar renewable energy enterprises seem to have sprung up full-blown practically overnight, providing investment bankers, venture capitalists and financiers with their latest moveable feast. Wind power projects and companies were among the first to attract serious attention and capital. While solar and biofuels have likewise come to the fore, wind power investment continues to grow at a healthy clip, constrained more by a lack of key materials than by lack of capital, opportunity, industry or even political will.

EU lawmakers seek more time for car CO2 cuts
January 15, 2008 09:24 AM - Reuters

Automakers should be given more time to cut carbon dioxide emissions from their cars under legislation proposed by the European Union's executive arm, EU lawmakers said on Tuesday. In a non-binding report, the European Parliament said manufacturers should reduce the average level of car C02 emitted to 125 grams per km by 2015, rather than to 120 grams by 2012 as proposed by the European Commission last month.

Finnish court actions could delay Baltic gas link
January 15, 2008 09:22 AM - Reuters

Environmental concerns in Finland over the Nord Stream consortium's plans to build a gas pipeline under the Baltic Sea from Russia to Germany could cause months or even years of delay to the project, officials said. Nord Stream, majority owned by Russian gas export monopoly Gazprom, plans to start building the 1,200 km (750 mile) pipeline in mid-2009 and begin deliveries in early 2011.

China warns of faulty dams danger, plans repairs
January 15, 2008 06:23 AM - Reuters

Just under half of China's nearly 90,000 dams are dangerously unstable and need urgent repair, the government said on Tuesday, unveiling a three-year plan to do just that costing 27 billion yuan ($3.7 billion). "Over the last several years, dams have had a very important effect on socio-economic development," Deputy Water Resources Minister Jiao Yong told a meeting carried live on central government Web site www.gov.cn.

OECD wary on biofuel policies
January 14, 2008 09:25 AM - Reuters

PARIS (Reuters) - Governments may be getting a clearer picture of the shortcomings of current biofuel policies but the likelihood they can remedy any wrongs looks far from certain, a senior OECD official said on Monday.

Abu Dhabi unveil plans for sustainable city
January 14, 2008 09:24 AM - WWF

WWF and the government of Abu Dhabi today launched a Sustainability Strategy to deliver the world’s greenest city. Masdar City will be the world’s first zero-carbon, zero-waste, car-free city, meeting or exceeding a set of stringent sustainability goals established under the “One Planet Living™” programme established by WWF and environmental consultancy BioRegional.

Biofuel impact on farm prices overplayed
January 14, 2008 08:42 AM - Reuters

The recent price rally in farm commodities such as grains, oilseeds and sugar beet can be attributed partly to higher biofuel demand but their share of the blame has been exaggerated, a top official of the Organisation for Economic Cooperation and Development (OECD). Loek Boonekamp, a division head in the Agro-food Trade and Markets Division at the Paris-based OECD, said the surge in farm product prices -- with cereals more than doubling last year -- would have happened even without the rise in biofuel production.

UK biofuels push lacks greenhouse targets
January 14, 2008 07:07 AM - Reuters

A government directive requiring fuel suppliers to use more biofuels will do little to combat climate change because the measure lacks targets to reduce greenhouse gas emissions, British scientists said on Monday. In a report focusing on the British directive set to take effect in April 2008, the Royal Society said biofuels should play an important role in cutting greenhouse gas emissions linked to global warming.

China still building "energy-guzzling" buildings
January 14, 2008 06:47 AM - Reuters

BEIJING (Reuters) - China's developers are still building "energy-guzzling" buildings, flying in the face of sustainability pledges made during their design, state media reported on Monday. China, facing an uphill battle to secure energy and resources to feed its booming economy, has set targets to make new buildings 50 percent more energy efficient by 2010.

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