Global leaders, development experts, bankers, academics and activists are gathering here this week to celebrate the anniversary of the landmark Earth Summit of 1992 and to try to address the linked problems of poverty, hunger, energy shortages and environmental degradation. But the conference — expected to draw as many as 50,000 participants — is in many ways overshadowed by economic and political crises around the world. While more than 100 heads of state and government are planning to attend the formal talks starting Wednesday, President Obama, Prime Minister David Cameron of Britain and Chancellor Angela Merkel of Germany are staying away, preoccupied by domestic politics and the financial turmoil in Europe.
Right now, renewable energy sources like solar and wind still provide just a small fraction of the world’s electricity. But they’re growing fast. Very fast. Three new pieces of evidence suggest that many policymakers may be drastically underestimating just how quickly wind and solar are expanding.
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.
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.
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.
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.
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.
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.
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.
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.