News

INTERVIEW: Novozymes CEO: Sees Limited Impact From Euro Crisis

Source: By Aaron Back, Wall Street Journal • Posted: Tuesday, June 19th, 2012

Novozymes A/S (NZYM-B.KO), a Danish producer of industrial enzymes used in everything from detergents to biofuels, sees limited impact on its business from the euro-zone crisis barring a “catastrophe” such as a Greek exit from the euro zone. “The outlook we have is that our sales for this year will grow by between 4% and 8%, and only a catastrophe in Europe will shake that number,” Novozymes President and Chief Executive Steen Riisgaard told Dow Jones Newswires in an interview.

Renewables could produce 80 percent of U.S. power by 2050 — federal study

Source: Hannah Northey, E&E reporter • Posted: Tuesday, June 19th, 2012

Renewable energy could supply up to 80 percent of the country’s electricity by 2050 if the United States makes major upgrades to the electric grid and implements clean energy policies, according to a federal study released Friday.
The National Renewable Energy Laboratory study found that renewables, which currently provide 10 percent of U.S. electricity, could be ramped up if new power lines were built to access geographically dispersed pockets of wind and solar energy. Policies would also need to be imposed to support the construction of new power lines at a cost of more than $8 billion annually, according to the report.

On Our Radar: A Global Wind Day

Source: By THE NEW YORK TIMES • Posted: Monday, June 18th, 2012

It’s Global Wind Day, an annual celebration coordinated by the wind industry that includes events like a photo competition, the inauguration of new wind farms and many festivals, mostly in Europe.

The state of renewable energy industries

Source: Dan Piller, Des Moines Register • Posted: Monday, June 18th, 2012

ike a proud college graduate, Iowa’s youthful renewable energy industry has set out into the real world just in time to learn how tough the energy business can be.

Des Moines Register Special Report: Threats to Iowa’s Bio-energy Industry

Source: Dan Piller, Des Moines Register • Posted: Monday, June 18th, 2012

A surge in domestic oil and natural gas production and a decline in national political support for grain-fed biofuels threatens to cripple Iowa’s more than $20 billion renewable energy industry just as it has matured into a major force in the state’s economy.

Bingaman says ‘erratic’ policies hurt U.S., help China in clean-tech market

Source: John McArdle, E&E reporter • Posted: Friday, June 15th, 2012

As Congress continues a fierce debate over the extension of federal subsidy programs for alternative energy, Senate Energy and Natural Resources Chairman Jeff Bingaman (D-N.M.) today said that the inconsistent approach that the U.S. government has taken to promote clean technology is providing an advantage to China.

Obama, Romney make energy a centerpiece of dueling speeches in Ohio

Source: John McArdle, E&E reporter • Posted: Friday, June 15th, 2012

In dueling economic speeches today from different corners of the key presidential battleground of Ohio, presumptive Republican nominee Mitt Romney and President Obama agreed that the road back to American prosperity will be built in large part on jobs and growth in the energy industry.

Lame duck may seal fate of transportation, wind, as time crunch intensifies

Source: Nick Juliano and Elana Schor, E&E reporters • Posted: Friday, June 15th, 2012

Renewable power and transportation represent the two poles of America’s power mix, the former competing with gas and coal while the latter is yoked to oil. But as the partisan rancor of even-numbered years spikes to a presidential election-fueled high, builders of wind turbines and highways are in a surprisingly similar jam. Meanwhile, clean energy advocates have continued their push for quick action to renew a key break for the wind industry that gives developers a 2.2 cent tax credit for every kilowatt-hour of electricity they generate. Previous lapses in the production tax credit (PTC), which was first established in 1992, have caused deployment of wind turbines to virtually disappear, and industry backers say the economic pain would be even more acute this year because of significant growth in U.S.-based manufacturing of turbine components.

Americans prefer climate regulations over market-based measures

Source: Julia Pyper, E&E reporter • Posted: Thursday, June 14th, 2012

Economists commonly favor market-based methods of curbing greenhouse gas emissions, such as taxes and emissions trading schemes, but a new survey shows that the American public does not. Rather than putting a price on carbon, Americans tend to support regulatory programs on clean energy development, industrial emission controls and vehicle mileage standards, according to the spring 2012 National Survey of American Public Opinion on Climate Change (NSAPOCC).

Senators to meet on extenders, look to fate of wind PTC

Source: Nick Juliano, E&E reporter • Posted: Wednesday, June 13th, 2012

Senate tax writers will meet tonight to begin hashing out what temporary tax provisions are likely to be extended at year’s end, as backers of a key incentive for the wind industry step up their effort to win an extension before the election.
Bipartisan members of the Senate Finance Committee will meet in a closed-door session to discuss the more than 100 “tax extenders” that expire Dec. 31 or have already expired, including the production tax credit for wind that has been a key target of renewable energy backers. Asked about the fate of the PTC this afternoon, Finance Chairman Max Baucus (D-Mont.) said that “some have a lot more support than others” but that tonight’s session was aimed at taking a more holistic look at the expiring provisions.