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Europe weighing 40 percent 2030 carbon-cutting goal: EU sources

European Union regulators are considering doubling the bloc’s target to cut greenhouse gas emissions by 2030 and setting a tougher binding goal for renewable energy use, EU sources said. The European Commission, the EU’s executive, outlined new targets earlier this year but has yet to follow up with a firm legislative proposal. That is expected around the end of the year. Speaking on condition of anonymity, one source said the Commission was considering two legal targets to follow the three green energy goals that expire at the end of this decade.

Germany’s Clean Energy Revolution Hits Speed Bumps

The effort underway in Germany to transition the entire country—the industrial powerhouse of Europe—away from nuclear and fossil fuel-based energy sources in favor of renewables like wind and solar may be the most ambitious national energy strategy in the world. It is also one of the most fraught with challenges, The New York Times reports.

Renewable energy is still a hot topic for Germany

Solar Valley, an industrial park sandwiched between the autobahn and the eastern German town of Bitterfeld-Wolfen, was once home to the world’s biggest manufacturer of solar cells. Q-Cells – whose shares were worth €84 at their peak in 2007 – still exists, but is now owned by South Korean conglomerate Hanwha after filing for bankruptcy last year. It is one of the most prominent victims of an industry shake-out that has seen a rollcall of smaller firms declare themselves insolvent while bigger players have exited the market. This year, Siemens announced that it would shut down its solar power unit after struggling to find a buyer, while Bosch announced that it would stop making solar parts from next year. It is a rare disaster story for German manufacturing.

Renewable energy expo witnesses grand opening

The 7th Renewable Energy India 2013 Expo at the national capital witnessed a grand opening on the first day of the expo with participation of companies from across the globe and over a 1000 Industry experts at the India Expo Centre, Greater Noida. As always the event has proved to be Asia’s largest and the most influential platform to address the challenges of the Renewable Energy Industry and to showcase the best innovative technological solutions available to overcome them. The event brings together decision makers and influencers as well as technical experts and professionals from leading companies involved in the renewable energy generation, transmission and distribution within India and around the world.

India’s reliance on imported energy threatens long-term recovery

Crisis over? The sharp recovery of the Indian rupee over the past week and the return of foreign investors to the stock market suggest that fears of an Indian balance of payments crisis were overblown. Yet India’s biggest underlying financial problem, according to business leaders and economists, is not the imminent change in US monetary policy that triggered an investor exodus from India and other emerging markets last month. Rather, it is India’s own heavy and growing dependence on imported energy.

‘Clean Energy’ Is Cooling The Economy And Damaging The Environment

Many people take this advice to heart, especially when it comes to environmental regulations. Policymakers have eagerly supported pre emptive green measures like clean energy subsidies without first waiting for scientific verification or considering their broader economic costs. After all, who wants to be “sorry” when it comes to environmental degradation? “No one” is the easy answer, especially when someone else is picking up the bill.