25 March 2010

Money for carbon reduction in UK and China, and other company, industry, technology and government selections

Top Stories

Budget 2010: Chancellor announces green investment bank.reliability high.
"The chancellor, Alistair Darling, today announced the creation of a £2bn green investment bank and measures to support offshore wind energy in his budget, which he billed as crucial to guiding the country out of recession." Other green and not-green highlights from the proposed budget. Story at The Guardian. Interesting related stories: Experts comment (The Guardian) and VCs support (BusinessGreen).

China Leads G-20 Members in Clean Energy Finance and Investment.reliability high.
"For the first time, China led the United States and other G-20 members in 2009 clean energy investments and finance, according to data released today by The Pew Charitable Trusts. Last year, China invested $34.6 billion in the clean energy economy – nearly double the United States' total of $18.6 billion. Over the last five years, the United States also trailed five G-20 members (Turkey, Brazil, China, the United Kingdom, and Italy) in the rate of clean energy investment growth." From The Pew Charitable Trusts site. PDF of report here.

Companies, Industries, Markets and Supply Chains

Smart Water Meters Take Hold in California.reliability high.
"More than half of the state’s water utilities have some smart meters in their service areas, according to the report, 'Smart Meters and California Water Agencies: Overview and Status.' Lon W. House, the report’s author, said in an interview that the number was likely to be 'significantly' higher now because the report’s data was now over a year old. ... Still, some cities in perpetually water-strapped California are only just getting around to putting in home water meters in the first place. These include Sacramento — where according to a recent newspaper report, only a quarter of residents have meters — as well as Fresno." See New York Times Green Inc. blog. [The other smart meter.]

Lootah Technical Centre signs MoU with India-based Eko Vehicles.reliability high.
"Lootah Technical Centre (LTC), a competency based education and training centre and part of the S.S. Lootah Group, signed a Memorandum of Understanding (MoU) with India-based Eko Vehicles to explore opportunities in commercially viable sustainable transport. ... Anil Ananthakrishna, Chairman & CEO of Eko Vehicles commented, 'There is a huge potential for sustainable transport in the Gulf region. With our highly effective technology, successful products and services combined with Lootah Technical Centre's strong local network and ground knowledge, we hope to work together and contribute to this sector in a major way.'" From AMEinfo.

Smart Appliances Market to Hit $15B by 2015.reliability high.
"The global household smart appliance market is projected to grow from $3.06 billion to $15.12 billion, from 2011 to 2015, according to a new market report." See Sustainable Business.com. PDF of Zpryme report here.

Oil Sands Operator Aims for 25% Emissions Cut.reliability high.
"Statoil, which has oil sands operations in Alberta, Canada, plans to cut its emissions there by 25 percent by 2020 and 40 percent by 2025. The company plans to use technology and chemicals to help soften the bitumen – the source of oil in the sands – and bring it to the surface with less steam than has been typically required, according to the Winnipeg Free Press. Statoil, which is based in Norway, received funding from the Alberta government to devise the technology, which relies on injecting solvents into the ground." Story from Environmental Leader. ["Injecting solvents into the ground"--what a clever way to reduce pollution.]

Government and Regulation

California says climate change law won't hurt economy.reliability high.
"The report from the state Air Resources Board, the chief regulator of the law, forecast higher energy costs but said these would be offset by greater overall energy efficiency. The report also concluded that the measure will yield modest job gains statewide, will have a negligible effect on the state's overall economy and could benefit some sectors such as alternative energy businesses. 'These policies can shift the driver of economic growth from polluting energy sources to clean energy and efficient technologies, with little or no economic penalty,' the report said." Story at Reuters.  CARB press release here. PDF of report here.

When Negawatts Equal Megawatts, Demand Response Blooms.reliability medium.
"Is a negawatt worth the same amount of money as a megawatt? The Federal Energy Regulatory Commission has said yes, at least tentatively, and this could spell big new opportunities in the demand response industry. At the same time, it could give technologies that enable turning down energy use new and interesting ways to pay for themselves." More about opportunities in demand response and companies involved. See earth2tech.

[Crossposted from HaraBara.com courtesy of HaraBara, Inc. Copyright © 2010 HaraBara, Inc.]