Thursday, June 07, 2007

Renewable Energy News for June 7, 2007

  • U.S. and Europe Reach Climate Change Compromise? The New York Times is reporting that President Bush and German Chancellor Angela Merkel reached an "agreement" on plans to combat climate change at the G8 summit today. President Bush says that he'll "seriously consider" the European proposal to reduce emissions by 2050 - minus the most critical aspect of the plan, a mandatory 50-percent reduction in emissions.
  • California Moves to Fix Problems with Solar Initiative: RenewableEnergyAccess.com reports that California Governor Arnold Schwarzenegger has signed legislation to addresses flaws in the California Solar Initiative (CSI) program that have resulted in a significant drop in applications for the program. The goal of the initial CSI legislation was to install 3000 MW of solar power by the end of the decade in California, but problems with implementation of the program have cause a 78% drop in applications in 2007, compared to the same period last year. RenewableEnergyAccess.com reported on the problems with the CSI program back in March.
  • Oregon Enacts 25% RPS standard: the AP reports that the State of Oregon recently passed one of the nation's toughest renewable portfolio standards (RPS). The legislation will require that electric utilities provide 5 percent of the power they sell from renewable sources (other than hydro) by 2011, increasing to 25% by 2025.

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