08 June 2010

GM stays in India EV race, carbon markets' limitations, greening Bulgaria and other business news

Top Stories

General Motors may build its own low-cost EV for India.reliability medium.
"Now that General Motors has abandoned its plan to build a low-cost electric vehicle for the Indian market with Reva, it may move forward with an internally developed vehicle. Mahindra and Mahindra recently purchased a majority stake in Reva and that triggered GM's change of plans. GM India president Karl Slym revealed that the automaker would pursue its own electric car, one that is smaller than the Beat concept." See Autoblog Green.

Energy Efficiency Investments Remain Strong Despite Global Recession.reliability high.
"Despite a global recession, investment levels in energy efficiency have remained strong according to the Energy Efficiency Indicator (EEI) released today by Johnson Controls (NYSE: JCI), the global leader in delivering products, services and solutions that increase energy efficiency in buildings. The survey of more than 2,800 executives and managers responsible for making investments and managing energy in commercial buildings worldwide found that 56 percent of respondents say they have invested the same or more in energy efficiency over the last 12 months. A regional comparison indicates that respondents have invested the same or more in energy efficiency in China (60 percent), followed by the United States (59 percent), Europe (55 percent) and India (45 percent)." See Johnson Controls site. Access report here.

Companies, Industries, Markets and Supply Chains

Energy Star Label for Data Centers Open for Business.reliability high.
"The EPA today unveiled its new and long-awaited Energy Star certification for buildings that house data centers and stand-alone facilities, marking a big step forward for energy efficiency in high-tech environments. The new certification relies on PUE, or power usage effectiveness, to gauge the efficiency of a computing facility. PUE is a metric developed by the Green Grid consortium, and measures how much of total energy going into a data center is used for computing compared to lighting and cooling." Story at Greener World Media.

The wait of justice--Bhopal.reliability medium.
"Over a quarter of a century after a deadly methyl isocyanate gas leak from the Union Carbide plant in Bhopal killed thousands of people, eight men (one of whom is now dead) have been convicted of causing 'death by negligence'. The district court in Bhopal sentenced them to two years in prison and imposed fines. The accused were immediately released on Rs 25,000 ($530) personal bail bonds. They include Keshub Mahindra (current chairman of India's big tractor maker Mahindra & Mahindra), who was formerly chairman of Union Carbide’s Indian subsidiary." Laments the slow pace of justice and the levity of the sentences. The Economist blog. Straight news story from BBC News here.

In drastic green energy proposal, U.S. pays most.reliability high.
"The world could generate 95 percent of electricity from renewable energies by 2050 in a drastic shift from fossil fuels, with the United States paying about a third of a giant bill, green lobby groups said on Monday. The report, by Greenpeace and the European Renewable Energy Council (EREC), representing Europe's main renewable energy companies, is one of the most detailed to work out the nuts and bolts of a near-total shift to green energy such as wind or solar power. The report said that global investments in energy would need to total $18 trillion by 2030 ... to set the world on a path to generating about 95 percent of electricity from non-polluting renewables by mid-century. ... The report said the shift would mean there were about 12 million jobs, including 8.5 million in the renewables sector, by 2030. 'Under business as usual, global renewable power jobs would be only 2.4 million of the global power sector's 8.7 million jobs,' it said." More highlights of report. See Reuters story. Access report at Greenpeace.

Suntech to add 1GW of solar manufacturing capacity in Shanghai.reliability high.
"Global solar panel producer Suntech has announced plans to expand its crystalline silicon manufacturing technology capacity in Shanghai by 1GW within the next three years due to rising demand in the region. It will spend around $393bn [sic; million?] (RMB2.68bn) on the expansion, according to a Reuters report." See NewNet.

Carbon markets not likely to keep global warming in check.reliability high.
"A gloomy picture for the US$125bn global carbon markets has emerged from the annual greenhouse gas (GHG) market sentiment survey conducted for the International Emissions Trading Association (IETA) by PricewaterhouseCoopers, showing growing market frustration with the slow pace of a new climate deal, and low carbon investment. ... More than two thirds believe that the carbon price will need to be more than EUR40 to limit warming to 2oC, but only one in ten respondents see any real prospect of this emerging in the medium-term." See Environmental Expert. PDF of IETA press release here.

Government and Regulation

Bulgaria takes first steps to adopting green building rules.reliability high.
"The Bulgarian Government has signed an agreement creating the first steps towards launching a green building code in the former Soviet-controlled country. Consultants BRE Global and Greenworks have signed a memorandum of understanding for the development of BREEAM in Bulgaria." Story at edie.net.

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