One of the most compelling speakers at our last day of REFF Wall Street was Deutsche Bank’s Global Head of Asset Management, Kevin Parker.
The focus of his talk was the importance for the finance community to respond to resource scarcity amidst a (more…)
New Energy Finance CEO Michael Liebreich gave Renewable Energy Financial Forum (REFF) participants an informative presentation to the hundreds of financial leaders filling New York City’s Waldorf-Astoria.
Based on his firm’s research, he called the (more…)
The barons of Wall Street have been blamed for the global financial crisis. They have been the target of Main Street ire and the butt of talk show jokes. But as I walk the halls of New York City’s Waldorf-Astoria today, it is clear that the hundreds of suits filling the conference space want to change that. (more…)
The US Energy Information Agency (EIA) has further lowered its emissions projection for 2009 this month, as I said in May was likely. Lower coal consumption drives the reduction, based on the drop in industrial demand for fuel and the substitution by natural gas for coal for (more…)
The Paris-based International Energy Agency (IEA) reported today that they expect global oil demand to fall 2.6 million barrels per day (Mbd) in 2009, .24 Mbd lower than their April forecast. As I wrote last month, falling oil consumption can lead to lower overall global greenhouse gas emissions. And IEA’s prediction of even lower oil demand leads me to believe a 2009 emissions drop is now (more…)
The prices of oil and natural gas appear to have bottomed now. But with inventories near record levels, a quick price spike much higher doesn’t seem sustainable in the short-term. Yesterday, the US Energy Information Administration (EIA) weekly petroleum report clearly showed that recessionary low demand continues to dominate (more…)
The American Wind Energy Association (AWEA) is in Chicago this week, hosting its largest conference ever. Over 20,000 people are filling the McCormick Place Convention Center, representing a 60% growth from last year’s attendance. And they are sending a clear message too: we need to ensure continued US wind power leadership by passing a (more…)
Denmark offshore, photo by Jim Hodson of Greenpeace
SET’s home state of New York is moving to become a leader in offshore wind power. Both the New York Power Authority (NYPA) and the Long Island Power Authority (LIPA) have offshore wind farms they are pursuing. The NYPA project would be the first major freshwater wind farm in (more…)
I braced myself for the American Wind Energy Association’s quarterly report, thinking the sinking economy would lead to slower wind deployment in the US. But then I got the just-released report, and they showed another record wind deployment for the first quarter! The US added (more…)
While many companies are reporting lower profits here in 2009, Florida Power & Light shared a profit increase of 46% above the first quarter of 2008. And it was no coincidence that it is the nation’s largest wind power producer. The company made $364 million and (more…)