Tuesday, June 3, 2014
TO COST $7.3-8.8B/YEAR to implement proposed EPA CO2 rule. FInal rule next June. EPA head expects "significant" revisions. Also, 30% not a target, it's est. of what can be achieved. Energy efficiency at power plants some "low-hanging fruit". States get another year after final rule to submit compliance plans or apply for extension. They can opt for adding clean energy, carbon tax, cap-and-trade, energy efficiency, others. 491 coal plants. States will have to drop CO2 emissions from existing power plants 25% from '05 levels by '20, another 5% by '30. EPA est. coal will be 30% of US power mix by '30. ~39% now ... Global energy industry needs $48T of investment through '35: IEA. $2.5T/year. $8T on efficiency ... IEA predicts $6T global investment in clean power next 20 yrs. $23T on fossil fuel power. (That's an uncaring world for children, grandchildren.) ... China announced plan to cap carbon emissions ... Revamping Europe's energy systems can cut annual spending E81B ... Baryonyx abandoned plans for TX's first offshore wind project. Concerns over migrating birds ... German solar installs in April - 163Mw - down 52% from last April ... Sun Edison (SUNE) partnering with Huantai Group for 1.7Gw China solar buildout next 5 yrs ... World Bank awarded $203M for Ethiopia geothermal power project ... Joule Africa (UK) to build 100Mw solar plant in Cameroon ... First Solar (FSLR) buying skytron-energy. Solar ops, maintenance, data monitoring services ... Upower (FL) got Honduras OK for 100Mw of solar PPAs ... Sunflower (Israel) bought licenses (E5M) for up to 100Mw of wind farms in Finland ... 67% of Americans say "solid evidence Earth is warming": Pew. 54% say "effects of global warming already begun": Gallup. 11% say "global warming doesn't exist": CBS News poll. 73% say "global warming is happening": Stanford. 80% of Democrats have high trust in scientists. 63% of Independents. 46% of Republicans. Stanford. 85% of S Koreans say "global climate change major threat": Pew. 76% in Brazil. 72% in Japan. US Democrats 65%. Spain 64%. Germany 56%. Canada 54%. US Republicans 25% ... Businesses increasingly planning for "water risk" amid more competition for dwindling fresh water sources ... Australia set 2-year temp record. Their govt "needs wake-up call": Jane Goodall ... BOEM issued 1st lease to get power from ocean currents offshore FL ... Wholesale el price caps went up in TX ... A-gas (UK) selling CO2 refrigerant from CO2 collection in sugarbeet ethanol production ... O, by the way, Gazprom extended Ukraine NG payment deadline 6 days to the 9th after Kiev wired $786M partial payment. $3.5B owed. Ukraine pushing for return to discounted price - $268/KCM. Now $485 ... US LNG export developers will be required to get enviro approval from FERC before DOE issues approval. Takes up to $100M for FERC approval process. DOE permit ~$20K. 45-day comment period on rule ... Tata Power developing 134Mw, 95Mw wind projects in S Africa with JV. Online in '17. Tata also developing 126Mw hydropower project in Bhutan, 185Mw hydro project in Georgia ... Global sales of hybrids, EVs to triple to $179B by '24: ID TechEx. Onward and upward, pards. Gates/Clooney in '16. Happy trailers. Do good.
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