September 15, 2011
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Energy & Renewables Newsletter September 15, 2011 |
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| This Week´s Featured News Stories |
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EU could dish out 700 million free CO2 credits to upgrade ageing power plants
The European Union will give away nearly 700 million free emissions allowances (EUAs) to 10 member states that need to upgrade their ageing energy infrastructure, Deutsche Bank has forecast. The third phase of the EU Emissions Trading Scheme due to start in 2013 will tighten restrictions on the amount of carbon emitted by power plants. However, it also includes a clause designed to encourage the modernisation of old, inefficient power plants in eastern Europe. Ten member states, including Romania, Latvia and Cyprus, are eligible to apply for free EUAs, and are due to submit ... | ||
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Department of Energy awards up to $38 million to advance technology and reduce cost of geothermal energy
U.S. Energy Secretary Steven Chu today announced $38 million over three years for projects to accelerate the development of promising geothermal energy technologies and help diversify America’s sources of clean, renewable energy. Thirty-two innovative projects in 14 states will develop and test new ways to locate geothermal resources and improve resource characterization, drilling, and reservoir engineering techniques, which will enable geothermal energy sources to help reduce the nation`s reliance on fossil fuels. Funded through DOE’s Office of Energy Efficiency and Renewable Energy, ... | ||
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