• Aker says to build $159 million carbon unit

    OSLO (Reuters) - Norwegian industrial group Aker ASA said it and a partner will invest 875 million crowns ($159.3 million) to build a facility to capture carbon dioxide emissions, saying it will be the first and biggest of its kind. Aker predicted that building such plants for industrial and power plants around the world could become a business as important as building oil platforms, and that it could make money out of helping to solve the global climate crisis. >> Read the Full Article
  • Gore says "changing light bulbs" not enough

    Climate campaigner Al Gore urged world policymakers on Thursday to change laws "not just light bulbs" in tackling global warming, and a UN official said world market turmoil must not be allowed to delay action. An annual meeting of world political and business leaders in Davos, Switzerland, this year has scheduled a record number of sessions and workshops on global warming. But a sharp downturn on markets and fears of recession have dominated discussion. >> Read the Full Article
  • French billionaire joins charge on car batteries

    ERGUE-GABERIC, France (Reuters) - Billionaire corporate raider turned ecology activist Vincent Bollore on Thursday opened a factory to produce batteries for electric cars that could be flooding cities from Tokyo to Turin. The factory, on the site of a family's paper business started in 1822, will produce 10,000 lithium-metal-polymer batteries a year and cost 36 million euros ($52.8 million), taking investment in the project to 250 million euros, Bollore said during a press trip to the site. >> Read the Full Article
  • Wind Energy Grows 45% in 2007

    The American Wind Energy Association (AWEA) reported last week record growth in wind power generation with 5,244 megawatts of capacity installed in 2007 – a 45% increase reflecting $9 billion in investment and 30% of all new power generating capacity in 2007. 2008, however, will likely show growing pains as there is a current shortage of wind turbines, a situation that the AWEA sees as a big opportunity for manufacturers and entrepreneurs wishing to get in on a growing market. There’s always a better mouse trap – wind energy technology is ripe for imaginative innovators to not only fill the current need for parts, but to continually make those parts better. >> Read the Full Article
  • Iceland's hydrogen ship heralds fossil-free future

    At first glance, the red ship hardly looks like a herald of the future. Even its owner admits the hull needs a coat of paint and the interior some spit and polish. But in a few weeks, the Elding -- Icelandic for "Lightning" -- will be transformed into the world's first hydrogen-equipped commercial vessel, the latest sign that Iceland is pushing hard to become the first nation to break free from the constraints of fossil fuel. >> Read the Full Article
  • EU Commission details plan for 2020 emissions cuts

    The European Union's executive arm unveiled on Wednesday details on how to slash greenhouse gas emissions by a fifth in 2020, including mandatory targets to produce renewable energy and curb industrial emissions. The European Commission said member states unable to meet mandatory renewables targets at home could pay other EU countries to install the likes of wind and solar power on their behalf. >> Read the Full Article
  • China's energy policies 'do not tackle climate change'

    [BEIJING] China's economic, energy and environment policies have not been streamlined to fight climate change, according to a new study. Carmen Richerzhagen and Imme Scholz from the German Development Institute reviewed China's recent climate-relevant policies and actions in a study published last month (3 December) in World Development. >> Read the Full Article
  • World wind energy market growth seen in 2008

    BERLIN (Reuters) - The global wind energy market is set to keep growing in 2008, despite pressure on turbine makers from raw materials prices, but it is likely to slow in Germany, the German Engineering Federation (VDMA) said on Tuesday. Thorsten Herdan, head of VDMA power systems, said Germany, one of the world's biggest markets, would probably experience a further slowdown after shrinking by 25 percent in 2007. >> Read the Full Article
  • U.S. says world must improve energy efficiency

    The world's largest energy consumer the United States on Monday called for a global push for increased energy efficiency to help meet rising demand and alleviate the impact of high prices on economic growth. The U.S. consumes about 21 million barrels per day of oil, around a quarter of the world's supply. Record oil prices have cooled U.S. appetite for gas guzzling cars and, along with increasing environmental concerns, leant weight to calls for more sparing use of energy. >> Read the Full Article
  • EU carbon plans seen hurting coal plants

    LONDON (Reuters) - European Commission proposals to be published on Wednesday will force power generators to pay for carbon-emissions permits and could chop profits at companies which burn coal to produce electricity, analysts said on Monday. That in turn could re-open a debate about how Europe can safeguard its future energy supplies, especially as Germany plans to phase out nuclear power. >> Read the Full Article