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: Renewable Energy Law BlogRenewable Energy News for June 27, 2007
By Geoff Hand, Associate Attorney
How Does the U.S. Ocean Energy Industry Compare with the Rest of the World? Carolyn Elefant, author of the Offshore Renewable Energy Law Blog, and Sean O'Neill, co-founder of the Ocean Renewable Energy Coalition, discuss the state of the U.S. ocean energy sector in an article posted on renewableenergyaccess.com.
- Goldman Sachs Outlines Top Five Drivers for Future Growth in Renewables (via maria energia): Investment bank Goldman Sachs recently outlined five key events that the company believes are critical for continued growth in the renewable energy sector. In short form, they are:
- New state renewable portfolio standards (RPS);
- Enforcement of existing state RPSs;
- Enactment of national carbon cap-and-trade or carbon tax program;
- A significant increase in fossil fuel prices; and
- Election of a U.S. President that is not opposed to carbon regulation and renewable portfolio standards.
- New System Will Certify Renewable Power Generation in the West: Earlier this week the California Energy Commission (CEC) announced the launch of the Western Renewable Energy Generation Information System (WREGIS), a renewable energy registry and tracking system for electricity generation. The system will verify the credibility of renewable energy certificates (RECs) and will be used to help California meet its goal of generating 33% of the state's electricity needs from renewable sources. The system will also help implement RPS requirements in other western states. Check out the WREGIS website for more information.
- China Surpasses U.S. in Total Carbon Dioxide Emissions: EERE News reports on new analysis from the Netherlands Environmental Assessment Agency which indicates that China has finally surpassed the U.S. in total CO2 emissions. Of course, as the report indicates, the U.S. still produces approximately 4 times as much CO2 as China on a per-capita basis.
- Congress May Delay Consideration of Climate Change Legislation: Dow Jones Newswire is reporting that the U.S. House of Representatives may put off consideration of legislation to address renewable energy development and climate change until next fall. According to the report, John Dingell (D. Mich), Chairman of the House Energy and Commerce Committee, says that the energy bill his committee is working on may not include some major provisions that some committee members hoped to have in the legislation, including mandates to increase motor vehicle efficiency and renewable energy generation. Chairman Dingell says that those initiatives will be taken up in the fall as part of a comprehensive climate change bill. The Dow Jones report comes via the WSJ Energy Roundup Blog.
Full post as published by Renewable Energy Law Blog on June 26, 2007 (boomark / email).
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