Suntech Profit Doubles–Sales Up 76% – Investor’s Business Daily. “China-based Suntech — one of the world’s 10 largest solar companies — reported first-quarter earnings per share of 33 cents, more than double year-ago earnings of 16 cents. The company pointed to broad global strength and rising prices for its solar products, as governments dole out more incentives to fuel clean energy.” As of 2008, Chinese probably the top manufacturer of PV, a technology that Americans invented.
Governor: Alaska to challenge polar bear listing – AP News. Alaska Governor Sue Palin announced that the state will sue to challenge the listing of polar bears as threatened species. She argued that there is not sufficient evidence to support the listing, claiming that polar bear numbers have increased over the last 30 years. “Climate models that predict continued loss of sea ice, the main habitat of polar bears, during summers are unreliable, said Palin, a Republican.” Alaska is the state most painfully being transformed by climate change today — how sad that the governor is in such a state of denial.
G8 Greenhouse Gases Down in 2006, Only Russia Up – Reuters. “Greenhouse gas emissions by all the Group of Eight industrial nations except Russia fell in 2006 in the broadest dip since the world started trying to slow climate change in 1990, a Reuters survey showed”…but the ‘dip’ was only 0.6%. Experts are skeptical of any real policy changes, but rather attribute the dip to higher oil prices and a mild winter.
Toyota building $192M green-car battery plant – AP News. The plant will produce nickel-metal hydride batteries for gas-electric hybrid vehicles, including Toyota’s best-selling Prius. Toyota is currently Japan’s top automaker and the industry leader in hybrids.
Italy Embraces Nuclear Power – NY Times. Within five years, Italy plans to “resume building nuclear energy plants, two decades after a public referendum resoundingly banned nuclear power and deactivated all its reactors.” The change reflects a “growing concern in many European countries over the skyrocketing price of oil and energy security, as well as the warming effects of carbon emissions from fossil fuels.” This is certainly a better idea than building new coal plants!
Carbon Market Could be Worth 2 Trillion Euros in 2020 – Physorg.com. “The global market in CO2 emission rights could be worth two trillion euros (3.14 trillion dollars) by 2020 if the United States joins the scheme, analysis group Point Carbon said.” Carbon reductions are the place to make money this century.