May 17, 2012
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Energy & Renewables Newsletter May 17, 2012 |
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| This Week´s Featured News Stories |
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Saudi Arabia launches world`s largest renewable energy program
Saudi Arabia is not known for thinking small. So when the oil-rich Kingdom announced a new initiative to expand the production of renewable energy, it laid out plans for what could become the most sweeping renewable energy undertaking in the world. The King Abdullah City for Atomic and Renewable Energy (KACARE) will begin implementation of the Kingdom`s solar energy strategy this year, with the goal to save up to 520,000 barrels of oil per day by 2032. Deputy President of KACARE Walid Abu Al-Faraj, who spoke at a recent Solar Energy Forum in Riyadh, said KACARE plans to make a big shift in the ... | ||
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Microsoft taxes itself - will it be enough to drive change?
This week, Microsoft is announcing an unusual initiative that it hopes will change how the company operates: an internal fee on carbon. Starting July 1st - the beginning of the company`s fiscal year 2013 - the software giant will charge all of its 100-plus global offices and datacenters a fee for every ton of carbon they produce (mostly from plugging into the electric grid, so-called "indirect" emissions). The money collected will go to purchase Renewable Energy Certificates (RECs) and carbon offsets, allowing Microsoft to declare itself carbon neutral. Although carbon neutrality is a claim ... | ||
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