29 September 2010

Fossil electricity obsolete? cleantech venture capital, climate policies and politics, other green news

Top Stories

"Offshore Wind Power Will Create More Jobs and Produce Cheaper, Cleaner Energy off the U.S. Atlantic Coast than Offshore Oil & Gas"reliability high.
A new report by conservation group Oceana finds "offshore wind potential is so high off the U.S. Atlantic coast that investments in offshore wind power in Atlantic waters could generate about 30 percent more electricity than economically recoverable offshore oil and gas in the same region combined.  In fact, Oceana found that a modest investment in offshore wind could easily supply nearly half of the current electricity generation of East Coast states." It says, "Delaware, Massachusetts and North Carolina could generate enough electricity from offshore wind to equal current electricity generation, entirely eliminating the need for fossil fuel- based electric generation." More highlights of report. See Oceana press release. Access the report here.

"Denmark eyes up fossil fuel-free future"reliability high.
Denmark could develop a fossil-fuel-free energy network by 2050, according to a new report by the government climate commission. The government will consider the report's recommendations as it develops its energy policy due in November. From BusinessGreen. Access the report here.

"Northern Ireland targets 40 per cent renewable electricity by 2020"reliability high.
"Northern Ireland's Assembly government yesterday approved an ambitious target of sourcing 40 per cent of its electricity from renewable sources by 2020 – at a potential cost of £1bn," reports BusinessGreen. A parallel suggestion that the country could get 10% of its heat from renewables by 2020 was also published earlier. These ideas have to be worked into a concrete energy strategy that is under development. See BusinessGreen. [These three stories, and the similar one about Scotland yesterday, suggest a major change in where electricity comes from over the coming decades.]

Companies, Industries, Markets and Supply Chains

"Mr. Cleantech doubles down on green future"reliability high.
Reuters article about Alan Salzman of venture capital firm VantagePoint and his emphasis on cleantech investments. Vantage Point has $1.25 billion targeted to cleantech, half of which is already invested. The company is seeing growing interest from big industrial companies in buying out its startups, he says. From Reuters.

Government and Regulation

"Health advocates urge EPA regulation of greenhouse gases"reliability medium.
Mike Lillis posts that more than 100 leading health advocates called on policy makers to allow the Environmental Protection Agency to regulate greenhouse gas emissions. They said, "In order to prepare for changes already under way, it is essential to strengthen our public health system so it is able to protect our communities from the health effects of heat waves, wildfires, floods, droughts, infectious diseases, and other events. But we must also address the root of the problem, which means reducing the emissions that contribute to climate change." The signers included 18 national public health organizations, 66 state-based groups and dozens of individual medical experts. See The Hill's energy & environment blog.

"California is leading, but not going it alone, on clean energy policies"reliability medium.
Kristin Eberhard posts that "the Cleantech Group released a report analyzing state energy policies and their impact on high growth cleantech markets. The conclusion, in short, is that California is leading but certainly not alone in pursuing clean energy; in fact, every state in the U.S. is trying to encourage clean energy by instituting policies from encouraging energy efficiency to requiring renewable energy, and 22 states have 11 or more policies in place." From the NRDC staff blogs. PDF of the report here.

"Climate change requires new kind of politics, says Miliband"reliability high.
Ed Miliband, the new leader of Britain's opposition Labour Party, says "taking the difficult steps to protect our planet for future generations is the greatest challenge our generation faces," and "When I think about my son, I think what he will be asking me in 20 years time is whether I was part of the last generation not to get climate change or the first generation to get it." See GreenWise. Also see opinion piece in The Guardian. [Ed Miliband may be green, but before he can do anything about it he has to get back in power. So far (his first few days as opposition leader) he is not emphasizing green issues.]

And from a sister blog:

"Green Blogs List"reliability medium.
A thoughtful list of 40 blogs treating green business issues. Not news feeds or lifestyle hints, but real blogs. See Doc's Green Blog.