World:
¶ “Fossil fuels ‘may prove worthless.'” Oxford University has begun research to identify carbon-dependent assets that could be devalued or written off if the world takes resolute action to limit emissions of greenhouse gases. [The Daily Climate]
¶ As renewable energy production increases in Australia, burning coal declines, and greenhouse gas emissions are reduced. [DesignBuild Source]
¶ A moratorium on off-shore wind farms in Ontario to do “further scientific research,” is still in place two years later. Resulting reports are not conclusive, and the only result we can be sure about is a $2.25 billion lawsuit. [Toronto Star]
¶ Germany and Spain are cutting funding for renewable energy in order to lower electric bills. [Electric Light & Power]
¶ A new nuclear plant to be built in Turkey is expected to cost $25 billion. [Hurriyet Daily News]
US:
¶ Senators Sanders and Boxer have introduced legislation to curb carbon emissions. [Power Engineering Magazine]
… The WWF has released its take on the legislation. [Power Engineering Magazine]
¶ A policy document released by the White House provides details on points in the president’s state of the union address. They include a proposal to make the renewable energy production tax credit a permanent fixture of the tax code. [North American Windpower]
¶ The US DOE’s National Renewable Energy Laboratory Director and a blue-ribbon panel of 20 energy experts say the United States can double its energy productivity by 2030 in ways that strengthen the economy. [ThomasNet Industrial News Room]
¶ A complaint filed with the California Public Utilities Commission accuses the operator of the San Onofre nuclear power plant of inflating the cost to ratepayers of the defective steam generators. [KPBS]
¶ The expected cost of a South Carolina project to turn weapons-grade plutonium into fuel for nuclear reactors has increased by about $2 billion. [The State]
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