Posts Tagged ‘EU’

While Europe enters austerity, US spends on Green Energy

Posted on July 5, 2010, 8:45 AM, by nikitaob, under Alternative Energy, Politics & Policy, Utilities.
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While nations of the European Union are cutting down on spending and rolling back their budgets, the Obama administration is doing the very opposite, and pursuing renewable energy, despite the budget problems facing the US. Barack Obama told reporters yesterday that he will hand out up to 2 billion dollars in grants for the development of clean energy projects, including the construction of one of the largest solar power plants, which will provide energy to 70,000 homes and 1600 jobs. The measure is part of a broader effort that the President says is part of the economic recovery. “We’re fighting to speed up this recovery and keep the economy growing by all means possible,” he said. “It’s going to take months, even years to dig our way out.”

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BusinessWeek Rains on Germany’s Green Energy Parade

Posted on February 12, 2009, 6:38 AM, by Anthony Butler, under Alternative Energy, Politics & Policy.
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german_windmill

Businessweek has discovered the dirty little secret behind he success of Germany’s renewable energy industry.

Germany’s renewable energy companies are a tremendous success story. Roughly 15 percent of the country’s electricity comes from solar, wind or biomass facilities, almost 250,000 jobs have been created and the net worth of the business is €35 billion per year.

But there’s a catch: The climate hasn’t in fact profited from these developments. As astonishing as it may sound, the new wind turbines and solar cells haven’t prohibited the emission of even a single gram of CO2.

Even more surprising, the European Union’s own climate change policies, touted as the most progressive in the world, are to blame. The EU-wide emissions trading system determines the total amount of CO2 that can be emitted

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