LONDON (Reuters) – Academics and lawmakers have proposed a U.S. carbon tax to curb carbon emissions and trim the debt pile, but the idea depends on prominent Republican support, so far absent.
Without a deal on cutting the fiscal deficit the United States faces a $600 billion package of automatic tax increases and spending cuts which could tip the country back into recession.
LONDON (Reuters) – Some limited flexibility over how member states apply a European Union airlines emissions law might buy time to resolve opposition while the U.N.’s International Civil Aviation Organisation ICAO.L tries to forge a compromise deal.
The emissions trading directive requires operators of aircraft arriving in or departing Europe to surrender permits equal to their whole-flight emissions.
LONDON, Nov 7 (Reuters) – Some limited flexibility over how
member states apply a European Union airlines emissions law
might buy time to resolve opposition while the U.N.’s
International Civil Aviation Organisation (ICAO) tries to forge
a compromise deal.
The emissions trading directive requires operators of
aircraft arriving in or departing Europe to surrender permits
equal to their whole-flight emissions.
LONDON, Nov 6 (Reuters) – Natural gas will struggle beyond
niche applications in U.S. transport despite a widening discount
to rival fuels, given a shortfall in distribution compared with
gasoline, biofuels and electric vehicles.
Shale gas production has up-ended power generation,
under-cutting the economics of older coal plants and new
LONDON, Nov 2 (Reuters) – The reluctance of utilities and
makers of appliances and intelligent meters to develop demand
response systems undermines a core motive in a massive smart
meter rollout in Europe.
It is a great idea: when everyone rushes to turn on the
kettle at half-time in a football final the utility can remotely
turn off non-urgent services like air conditioning to avoid a
demand surge and so save firing up another power plant.
LONDON, Nov 1 (Reuters) – BP’s decision to scrap plans for a
U.S. cellulosic ethanol refinery is a setback for second
generation biofuels and opens the door to alternatives including
Brazilian sugar ethanol, biodiesel and electric vehicles.
The United States wants to cut dependence on foreign oil
through a combination of more domestic oil drilling, improved
vehicle fuel economy and local alternatives including biofuels,
gas and electricity.
LONDON, Oct 30 (Reuters) – Britain is edging closer to its
vision of low-carbon energy based on large-scale nuclear power
and fossil fuels with carbon capture, which contrasts with
small-scale renewable energy which many of its European
But it has yet to square investor demands for returns with
the massive capital outlay of large-scale plants, untested in
the case of carbon capture and storage (CCS), which implies
large subsidies through guaranteed higher power prices.
LONDON, Oct 24 (Reuters) – European policymakers are
discovering the difficulty of curbing a biofuel industry they
weaned five years ago as a low-carbon alternative to crude oil
but which is increasingly at odds with the environment and food
To halt or put into reverse a $22 billion European biofuel
industry requires a sound justification.
LONDON, Oct 18 (Reuters) – A European Union strategy to
expand power transmission across borders and seas requires
closer coordination of operators and regulators to mobilise
More cross-border transmission is important to balance
intermittent renewable energy, narrow national price differences
and improve market resilience through pooled liquidity and
LONDON (Reuters) – The extreme variability of wind and solar power in Germany is laid bare by 2012 data that also illustrates a particular vulnerability when power demand surges on cold winter days – they are often both weak at the same time.
Intermittent renewable energy requires grid balancing services, primarily from stand-by baseload fossil fuel capacity or battery and pumped storage, but also via interconnectors bringing power from other countries and regions.