NewEnergyNews: QUICK NEWS, July 30: A TRILLION $$$ FOR NEW ENERGY; GE SUFFERS FROM GOP BLOCK ON WIND INCENTIVE; HOW A COAL BURNER CAN CLEAN UP

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Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

While the OFFICE of President remains in highest regard at NewEnergyNews, this administration's position on climate change makes it impossible to regard THIS president with respect. Below is the NewEnergyNews theme song until 2020.

The challenge now: To make every day Earth Day.

YESTERDAY

  • FRIDAY WORLD HEADLINE-Is ‘Game Of Thrones’ About Climate Change?
  • FRIDAY WORLD HEADLINE-Surprises In The New Global Solar Rankings
  • FRIDAY WORLD HEADLINE-Denmark’s Vestas Wins Mexico’s Biggest Wind Deal
  • FRIDAY WORLD HEADLINE-Supervolcanoes Could Grow Cars With Plugs
  • THE DAY BEFORE

    THINGS-TO-THINK-ABOUT THURSDAY, August 17:

  • TTTA Thursday-Is The White House Hiding DOE’s Grid Study?
  • TTTA Thursday-Will The White House Hide The Climate Report?
  • TTTA Thursday-Crucial Transmission Line For Wind Denied
  • TTTA Thursday-Wind And Solar Are Saving Lives
  • THE DAY BEFORE THE DAY BEFORE

  • ORIGINAL REPORTING: Organizing California’s Distributed Energy Efforts
  • ORIGINAL REPORTING: A Deep Look At Evolving U.S. Efforts To Support Solar
  • THE DAY BEFORE THAT

  • TODAY’S STUDY: Big Growth In Customer-Sited Wind
  • QUICK NEWS, August 15: New Forest To Offset Bad U.S. Climate Policies Has 120,000 Pledges; Wind Becoming The Go-To Power; 88,000 Jobs And The Fight Over Solar Imports
  • AND THE DAY BEFORE THAT

  • TODAY’S STUDY: The Work On Tomorrow’s Grid So Far
  • QUICK NEWS, August 14: Climate Is The Elephant In The Room; Long-Term, NatGas Is Not The Answer; Why Wind Is Such A Good Choice
  • THE LAST DAY UP HERE

  • Weekend Video: Al Gore Talks With Bill Maher
  • Weekend Video: The U.S. Celebrates Its First National Wind Week
  • Weekend Video: Wind Is Just Beginning To Show Its Power
  • --------------------------

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    Founding Editor Herman K. Trabish

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    Research Associate and Contributing Editor Jessica R. Wunder

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • ---------------
  • WEEKEND VIDEOS, August 19-20:

  • Colbert On The Newest Climate Fiasco
  • Consumer Reports’ Tesla Vs. Bolt Face-Off
  • All About The Eclipse And The Power Grid

    Monday, July 30, 2012

    QUICK NEWS, July 30: A TRILLION $$$ FOR NEW ENERGY; GE SUFFERS FROM GOP BLOCK ON WIND INCENTIVE; HOW A COAL BURNER CAN CLEAN UP

    A TRILLION $$$ FOR NEW ENERGY How To Tap A Trillion Dollars For Renewable Energy Investment

    Jigar Shah, July 23, 2012 (Forbes)

    “Since the late 1970s the U.S. has avoided creating a comprehensive energy policy. Instead, we have…[p]ermanent tax credits for the fossil fuel industry and temporary credits and subsidies for the renewable energy industry…[T]the Production Tax Credit for wind energy…is set to expire on Dec. 31 unless it is renewed for another two-year run…[Solar’s] 30% investment tax credit sunsets at the end of 2016…It has helped jumpstart a $300 billion solar market…President Obama has proposed eliminating eight permanent oil subsidies that the Cato Institute’s Jerry Taylor estimates will save $43 billion over 10 years.

    “…[P]ublic support drives the vagaries…[S]ince the nuclear disaster in Fukushima, Japan in March 2011, support for building more nuclear power plants declined to 42% from 61% in 2008… 76% of Americans support regulating carbon dioxide…[and] two-thirds believe the U.S. should pursue policies to reduce its carbon footprint…[But] without a comprehensive energy plan, plus uncertainty about energy tax credits and subsidies, what signals are we sending to investors? [Yet] in 2010-2011…more renewable energy was installed than new natural gas generators…”

    “Renewable energy is taking off because it is delivering low risk, stable returns…This year renewable energy investment exceeded $40 billion in the United States and $260 billion globally. But we can’t reach our goals of oil independence, renewable electricity, local job creation, and reduced health care expenses caused by fossil fuels unless we can mobilize investors at $1 trillion scale.”

    “The money exists on the sidelines today and politicians should be looking to deliver a stable comprehensive energy plan to tap into these investment dollars. We cannot have an “all of the above” approach to energy without a clear plan…[A plan can lead to] deployment of the hundreds of dormant technologies that we have invented since the 1970s that can be scaled up quickly…[by] unlocking capital flows for good, solid, measured and controlled-risk investments into infrastructure…A comprehensive plan would provide comfort to investors looking to make long-term investments…[Without it], $1 trillion of investment dollars sit[s] on the sidelines, making no impact.”

    GE SUFFERS FROM GOP BLOCK ON WIND INCENTIVE GE blames drop in wind turbine sales on tax uncertainty

    Zack Colman, July 20, 2012 (The Hill)

    “General Electric, the nation's largest producer of wind turbines, is blaming a drop in orders on the uncertainty surrounding a wind-production tax credit.

    “GE’s wind sales fell 37 percent from the second quarter of 2011 to the same quarter in 2012…[GE] attributed most of the decrease in sales to the tax credit's uncertain future.”

    “A slew of smaller wind firms have announced layoffs in recent months, with most listing the wind tax credit as a driving factor...The Obama administration has blamed Congress for layoffs in the wind industry and urged the renewal of the tax credit, which pays wind power generators 2.2 cents per kilowatt-hour

    “Presumptive GOP nominee Mitt Romney favors phasing out the wind credit, a stance that has drawn the ire of wind advocates in Iowa, the state with the second-most wind generating capacity.”

    HOW A COAL BURNER CAN CLEAN UP Greenpeace Report Shows a Cheaper, Cleaner Pathway for Duke Energy

    July 25, 2012 (EcoWatch)

    “…[Greenpeace’s] Charting the Correction Course: A Clean Energy Pathway for Duke Energy…details how Duke Energy can save their customers $108 billion over 20 years by investing in renewable energy and energy efficiency.

    “…Under Duke’s current plan, the majority of energy generated in North and South Carolina over the next 20 years will be sourced from 70-year-old coal plants and risky nuclear plants…Duke will [also] be expanding its natural gas fleet, thereby doubling the company’s exposure to volatile natural gas prices. At the same time Duke Energy will quadruple electricity rates in the Carolinas within ten years, and increase them by nearly 20-fold by 2032…to pay for the company’s proposed construction.”

    “The Greenpeace plan highlights specific changes Duke Energy can make to benefit ratepayers, the environment and investors…Duke could source 33 percent of its electricity from wind, solar and efficiency resources while saving ratepayers 57 percent on their bills over the next 20 years…[That] would also reduce long-term debt for the company by 75 percent when compared to Duke’s current plans…

    “If Duke took the suggested steps it would reduce its global warming pollution by 29 percent, acid rain pollution by 61 percent and smog-causing pollution by 47 percent. This includes 141 million tons of carbon dioxide, nearly 143,000 tons of sulfur dioxide and more than 114,000 tons of nitrogen oxides.”

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