Showing posts with label policy. Show all posts
Showing posts with label policy. Show all posts

Monday, July 12, 2010

China keeps promise to curb carbon emission

Although it is not an easy task, China strives to put into practice the promise made last November before the Copenhagen Conference -- to cut its carbon dioxide emissions per unit of gross domestic product by 40 to 45 percent by 2020 compared with the level from 2005.

"The old path of economic growth based on environmental pollution implemented in developed countries over the past 300 years is not feasible in China, and China can not afford the losses brought by this development mode," said China's Minister of Environmental Protection, Zhou Shengxian, at an ongoing theme forum of the Shanghai World Expo in Nanjing, capital of east China's Jiangsu Province. The two-day forum ended Sunday.

China should base its development on its own situation and explore a new development path that is more efficient and sustainable, costs less, and results in less carbon emissions, Zhou said.

After the outbreak of the international financial crisis in September 2008, the world economy suffered the greatest challenge since the Great Depression as the United Nations Environment Programme (UNEP) advocated the development of a "green economy" worldwide.

In China's 4-trillion-yuan (about US$588.24 billion) economic stimulus plan, funds for energy savings, carbon reductions and ecological construction reached 210 billion yuan. Plus the 370 billion yuan in funds used for innovation, restructuring and coping with climate change, "green investment" accounted for 14.5 percent of the stimulus plan. It indicates the government is shifting its values from traditional "profit maximization" to "welfare maximization."

Zhang Guobao, director of the National Energy Administration, said "the government puts great stock in seeking harmonious development between cities and the environment, and is readjusting the energy structure by giving priority to the development of clean and low-carbon energies, including hydroelectric, nuclear, wind and solar power."

Authorities have closed small, coal-fired plants totaling 60.06 million kilowatts in capacity between 2006 to 2009. This year's target of closing 10 million kilowatts of capacity should be achieved by August, he said.

"We have promised to the international community that 15 percent of our power will be generated from non-fossil sources by 2020," Zhang said. At present, non-fossil energy accounted for around 7.8 percent.

The country's operating hydropower capacity in 2009 reached 197 million kilowatts, the highest in the world. Further, the installed capacity of wind power has been doubling every year for the past four years to more than 22 million kilowatts, the third highest in the world, and the figure is expected to exceed 30 million kilowatts in 2010.

Zhang proposed increasing the proportion of clean energy in the total national energy consumption. Statistics show that China invested US$34.6 billion in clean energy in 2009, exceeding the United States which invested US$18.6 billion, to become the highest in the world. However, China's investment in clean energy was only US$ 2.5 billion five years ago.

China has reduced the traditional high-energy consumption industries while increasing its investment in clean energy. From 2006 to 2009, China shut down 6.06 million kilowatts of small coal fired power units, a figure equivalent to the fully installed capacity of Britain, therefore saving 64 million tonnes of coal and preventing 160 tonnes of carbon dioxide from being introduced into the air every year.

"China took only 30 years to have the environmental problems that had gradually emerged in developed countries over 200 to 300 years. As a big developing country with a population of 1.3 billion people, China is under unprecedented pressure for both economic development and environmental protection," said Minister Zhou Shengxian.

The Shanghai World Expo well illustrates China's effort to save energy and curb carbon dioxide emission. More than 80 percent of the pavilions adopted environmental friendly designs in buildings, while more than half of the pavilions use clean and renewable energy.

However, China's carbon emission reduction target cannot be achieved easily. Wang Ke, a team member of the energy and ecological economy project under the People's University in Beijing, said the shift to a low-carbon economy will only be met at a huge cost to society.

For instance, more than 400,000 people were laid off as a result of the shutdown of small coal-fired power plants from 2006 to 2009. Many studies indicate that curbing greenhouse gas emissions may delay China's development, affect people's income, lead to unemployment and further increase the burden on vulnerable groups in the short term.

Hu Angang, director of the Center for China Studies, a top think tank for policy-making under the Chinese Academy of Sciences and Tsinghua University, said China's promise of curbing carbon emissions and saving energy is not only a response to international pressure, but to meet the internal demands of the transformation of the economic development mode.
http://cdm.ccchina.gov.cn/

Thursday, July 30, 2009

Obama Administration Announces Billions in Lending Authority for Renewable Energy Projects and to Modernize the Grid

Loan Guarantees Will Help Create New Jobs while Fostering Clean Energy Innovation

Washington, DC – U.S. Energy Secretary Steven Chu announced today that the Department of Energy will provide up to $30 billion in loan guarantees, depending on the applications and market conditions, for renewable energy projects. Another $750 million will support several billion dollars more in loan guarantees for projects that increase the reliability, efficiency and security of the nation’s transmission system. The two new loan guarantee solicitations announced today are being funded partly through the Recovery Act and partly through 2009 appropriations.

“These investments will be used to create jobs, spur the development of innovative clean energy technologies, and help ensure a smart, strong and secure grid that will deliver renewable power more effectively and reliably,” said Secretary Chu. “This administration has set a goal of doubling renewable electricity generation over the next three years. To achieve that goal, we need to accelerate renewable project development by ensuring access to capital for advanced technology projects. We also need a grid that can move clean energy from the places it can be produced to the places where it can be used and that can integrate variable sources of power, like wind and solar.”

The lending authority includes:
- Up to $8.5 billion in lending authority supported by 2009 annual appropriations for renewable energy.
- Up to $2 billion in subsidy costs, provided by the Recovery Act, to support billions in loans for renewable energy and electric power transmission projects.
- Up to $500 million in subsidy costs to support loans for cutting edge biofuel projects funded by the Recovery Act.
- Up to $750 million in subsidy costs, provided by the Recovery Act, to support loans for large transmission infrastructure projects in the U.S. that use commercial technologies and begin construction by September 30, 2011.

The two solicitations issued today mark the sixth and seventh rounds of solicitations by the Department’s Loan Guarantee Program, which encourages the commercial use of new or improved energy technologies to help foster clean energy projects. Applications will be accepted over the next 45 days. The Department has streamlined its processes to accelerate these new loan solicitations. By investing in both renewable energy technology for generating electricity and technologies to modernize the country's transmission system, the Recovery Act targets the full integration of renewable energy sources onto the electric grid.

Read more information on this solicitation and the Department’s Loan Guarantee Program. Additional loan guarantee solicitations funded by the Recovery Act will be announced soon.

Wednesday, July 22, 2009

China: "Golden Sun" subsidies announced - 50% on large scale solar projects

The Chinese government started a Golden Sun program on Tuesday to provide subsidies to solar-power projects, to boost the solar industry as a new growth point for the country's economy.

The Ministry of Finance said on its Web site that it will offer 50 percent of investments for solar power projects of more than 500 megawatts and the transmission and distribution network over the next two- to- three years.

The solar power projects in the remote regions that are not connected to the grid will receive subsidies of 70 percent of the investment.

The total generating capacity of such pilot projects in each province should not exceed 20 megawatts, the ministry said. In addition, grid operators will also be required to buy excess electricity at prices on a par with power from coal-fired power plants.

Thursday, July 16, 2009

FERC reaffirms need for demand response in organized electric markets

The Federal Energy Regulatory Commission (FERC) today reaffirmed that demand response directly affects rates in organized wholesale electric markets and, therefore, removing barriers to demand response is consistent with FERC’s duty to ensure the sound operation of those markets.

The Commission’s statement today came in a rehearing order on its landmark October 2008 rule, Order No. 719, which seeks to improve the competitiveness of organized wholesale electric markets by removing barriers to demand response and by encouraging long-term power contracts, enhancing the role of market monitors and increasing the responsiveness to customers and other stakeholders of the boards of directors of regional transmission organizations (RTO) and independent system operators (ISO) that run the organized markets.

“Incorporating demand response is essential to fulfilling the Commission’s fundamental responsibility to ensure that energy markets produce just and reasonable rates,” FERC Chairman Jon Wellinghoff said. “That is good for consumers across the board.”

FERC stressed in today’s order that it is not challenging the roles of states and others to decide the eligibility of retail customers to provide demand response to wholesale markets. Indeed, with today’s order, FERC signaled flexibility in that area by adopting a plan under which market operators may not accept bids that include aggregated demand response provided by customers of small utilities that distributed up to 4 million megawatt hours during the previous year, unless a small utility’s retail regulator authorizes such aggregation. RTOs and ISOs may continue to accept bids from companies that aggregate demand response provided by customers of larger utilities, unless the relevant retail regulator prohibits those customers from participating in wholesale markets.

Organized market regions are those areas in which an RTO or ISO operates a day-ahead and/or real-time energy market. Regions with organized markets are PJM Interconnection, LLC; New York Independent System Operator, Inc.; Midwest Independent Transmission System Operator, Inc.; ISO New England, Inc; California Independent Service Operator Corp.; and Southwest Power Pool.

Friday, June 26, 2009

U.S. Companies’ Continued Investments in Energy Efficiency Good For Business, Say Corporate Execs on Capitol Hill Panel

Green Initiatives Curb Carbon Emissions, Create Jobs, Help Sustain Planet

U.S. companies are continuing to invest in energy efficiency and to incorporate sustainable practices that will lower their future carbon emissions while creating jobs and helping their own bottom lines, corporate executives told a Capitol Hill gathering today. These measures are part of the companies’ overall efforts to help the nation regain its economic footing, according to executives and energy efficiency advocates addressing the topic, Corporate Sustainability, The Environment and Economic Recovery - Investing for the Future. The panel discussion was sponsored by the Alliance to Save Energy and the Committee for Economic Development (CED).

Panelists included Rep. Zach Wamp (R-Tenn.) of the House Renewable Energy and Energy Efficiency Caucus and an Alliance Board honorary vice-chair; Rep. Steve Israel (D-N.Y.) of the Sustainable Energy and Environment Coalition and also an Alliance honorary vice-chair; David Gardiner, senior advisor with the UN Foundation Energy Coalition; Charlene Lake, AT&T Chief Sustainability Officer; Curtis Etherly, vice president of public affairs for Coca-Cola Enterprises; Alliance President Kateri Callahan; and CED President Charles Kolb.

The panelists discussed the innovative approaches that leading companies are taking to incorporate eco-friendly policies that save energy, lower energy waste and create new jobs while contributing to economic and environmental sustainability for years to come.

“As we all work towards a sustainable, healthy economy, it is clear that cost-effective energy efficiency measures are the keys to both improving a company’s bottom line and reducing its carbon footprint,” said Callahan. “Today’s discussion leaves no doubt that lowering energy use and costs are winning strategies for business and for the planet. We commend the companies represented here for their efforts towards long-term sustainability.”

“CED is dedicated to promoting sustained economic growth and development to benefit all Americans,” said CED President, Charlie Kolb. “The companies here today have shown great leadership in their commitment to investing in green initiatives, and we will continue to see more jobs created as a result.”

“AT&T has long been committed to social progress, economic growth and environmental stewardship, with a long history of strengthening the communities in which we live and work,” said Charlene Lake. “We are working to minimize our own environmental impact and are providing our customers with products and services that enable them to minimize their own environmental impacts.”

“At Coca-Cola Enterprises, we’ve fully integrated Corporate Responsibility and Sustainability into our business,” said Etherly. “Particularly in our environmental focus areas of water stewardship, energy conservation/climate change, and sustainable packaging/recycling, we are investing in technology that will help us capture operational efficiencies, drive effectiveness and eliminate waste, while simultaneously protecting the environment.”

Thursday, June 11, 2009

Algae Biofuel Leaders Converge on the Capitol

Leaders of the algae biofuel industry will meet on Capitol Hill today to brief congressional legislators on sector-wide technology and production advancements allowing for commercially-viable fuels, and advocate for continued federal support to help see the technology to maturity.

Algae-based biofuel has captured widespread interest for its ability to deliver significantly higher yields than plant-based technologies, recycle CO2 directly from industrial sources and not compete with agricultural land or water supply. To better inform legislators in setting a Renewable Fuel Standard, Tax Code and Recovery Act funding inclusive of such promising technologies, executives from leading algae biofuel companies Aurora Biofuels, LiveFuels, and Solix Biofuels - together with representation from the Biotechnology Industry Organization - will gather in Washington D.C. to provide government representatives with contextual information relevant to this rising interest in algae fuel generation.

"We applaud the leadership of the United States in forwarding carbon sequestration initiatives like the Carbon Capture and Storage Program," said Bob Walsh, CEO of Aurora Biofuels. "Algae biofuels provide superior benefits in trapping and eliminating industrial carbon waste, and present a great opportunity to attain these program goals."

"Nurturing an algae biofuel industry in the United States will create jobs that cannot be outsourced," said David Jones, COO of LiveFuels. "By supporting this industry, we can ensure new high-quality, well-paid jobs - not only in science and technology, but operations as well."

Doug Henton, CEO of Solix Biofuels, commented that "at the end of the day, no one single solution will address our domestic energy demands, but a continued focus on energy independence and technology neutrality will allow algae biofuels and other promising technologies to rise up and meet these 21st century energy demands."

"The decisions Washington will make in the days ahead will determine the future of our industry, and our ability to fulfill demand for an abundant renewable fuels marketplace," said Matt Carr, Policy Director, Industrial & Environmental Section at BIO. "We want to help inform representatives to the realities of algae biofuel production and encourage measures that are inclusive of systems like these and with other advanced biofuels in any mandates to come."

Sunday, June 03, 2007

California Clean Energy Fund Conference, June 18th

The California Clean Energy Fund will hold an all day conference to "assess California's progress in turning clean energy policy initiatives and technology breakthroughs into market realities."

Sessions will focus on detailing specific ways in which public policy and the private market are both working and struggling to bring clean technologies to scale.

Michael Peevey, who is a CalCEF Board Member, commented in the official press release that it is important to take "a hard look at the tough road still ahead and engaging in a frank discussion that tackles the challenges we face."

The full-day event, sponsored in part by PG&E, Nth Power, VantagePoint Venture Partners, DFJ Element, Nixon Peabody LLC and New Resource Bank, and managed by Global Inventures, includes a rich program comprising panels and keynotes examining:

- The role of high-tech entrepreneurs in building the market for clean
energy
- Whether existing policy efforts and the surge in private financing have
the clean energy industry positioned for success
- Challenges and successes from the investor's perspective
- What it takes to drive clean energy innovations in California
- Energy efficiency and innovation in transportation technologies
- How entrepreneurs can partner with regulated corporate entities to
advance clean energy innovation
- Major challenges California faces in terms of policy and business
climate
- Economic and employment-related benefits of the clean energy transition

CalCEF to Host Its First Annual Conference Detailing California's Transformation as a Driver of Clean Energy Initiatives [Offical Press Release]

Tuesday, March 06, 2007

EU to decide on renewable energy boost

The European Union is divided on mandatory means of reducing global warming, DPA reports.

European Commission President Jose Manuel Barroso called on the EU Tuesday to set a mandatory target for increasing renewable energy use.

Speaking ahead of the March 8-9 European Summit, he said the 27-member EU must commit to slashing greenhouse gas emissions and consent that 20 per cent of Europe's overall energy consumption in 2020 come from renewable energy sources.

France, Poland, Finland, Luxembourg and Bulgaria opposed the setting of obligatory targets, while others warned the 20 percent target was too ambitious.

Barroso is also to press EU leaders on agreeing to "unbundle" or break up their giant energy firms, by separating gas and electricity production and distribution activities.

However, most EU governments favor the simpler separation of energy production and delivery. One company could engage in both activities but keep them legally apart.

France said that any discussion on using low-carbon energies must also mention nuclear energy, a controversial and divisive issue in Europe. Barroso said the Commission did not want to get involved, but that countries must be free to choose whether to boycott or press ahead with nuclear energy.

German Chancellor Angela Merkel has said the summit agenda will be topped by measures to combat climate change. Germany currently holds the EU presidency.