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Wind Turbine Makers Become Top Stock Performers as Growth Surges
Europe’s wind turbine makers are becoming top performers in the stock market as orders surge and the industry enjoys the fruits of cost cutting in years past. Vestas Wind Systems A/S, the biggest manufacturer of the machines, on Wednesday detailed record first-half orders as profits exceeded analyst forecasts. That followed record production at German rival Nordex SE and a doubling of profits at Spain’s Gamesa Corp. Tecnologica SA.
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Texas leads nation in wind power
Texas leads the nation in total output of wind energy, according to two new reports from the federal Department of Energy. The Lone Star State has installed more than 14,000 megawatts of power – more than twice as much as California, the next-highest state. The studies also show Texas has more wind capacity than all but five countries worldwide. [ read more … ]
Cost of not acting on climate change $44 trillion: Citi
Up to $44 trillion could be going up in smoke if the world does not act on climate change, according to the latest piece of research from U.S. banking giant Citigroup. The report – Energy Darwinism II: Why a Low Carbon Future Doesn’t Have to Cost the Earth — has forecast that spending on energy will hit around $200 trillion in the next 25 years. The study then examines two scenarios: one that Citi describe as an “‘inaction’ on climate change scenario”, and another that looks at what could happen if a low carbon, “different energy mix” is pursued. [ read more … ]
Calif. forms alliance to promote zero-emission cars
alifornia, the Netherlands and Quebec will cooperate to promote cars with zero tailpipe emissions, they said today. California EPA announced the launch of the International Zero-Emission Vehicle Alliance. The three partners said they also want to recruit other countries and sub-national jurisdictions to join the effort. [ read more … ]
EPA regs morphed from inferior option to ‘wicked cool’
The Obama administration released big new climate rules this month with much fanfare, hailing them as “historic,” an “incredible economic opportunity” and “wicked cool.” But not long ago, the administration expressed hope it would never have to write those regulations. In the early days of Obama’s presidency, when an economywide climate bill seemed possible on Capitol Hill, the administration’s top environmental officials said U.S. EPA rules weren’t the ideal route for tackling climate change. [ read more … ]
Note: News clips provided do not necessarily reflect the views of coalition or its member governors.