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Cap-and-Trade System Favored, But Polluters Must Pay

Capping emissions and making polluters pay for putting global warming emissions into the atmosphere is the most economically efficient and fair approach to cutting global warming pollution nationwide, according to a report by the U.S. Public Interest Research Group (U.S. PIRG). “Cleaner, Cheaper, Smarter: The Case for Auctioning Pollution Allowances in a Global Warming Cap-and-Trade Program” recommends that the United States and any state or region contemplating a cap-and-trade program sell 100 percent of pollution permits ­ called “allowances” ­ at an auction as opposed to giving them to emitters for free. U.S. PIRG also released a statement signed by more than 100 organizations and individuals, including former Labor Secretary Robert Reich, the Consumer Federation of America, MoveOn.org, and OXFAM, calling for a 100 percent auction. “Giving away pollution allowances absolves polluters of their responsibility and even provides some polluters with a new opportunity to profit,” said Tony Dutzik, Senior Policy Analyst for the Frontier Group and an author of the report. “Auctioning allowances, on the other hand, ensures that all polluters pay based on the amount of pollution they release.” The report recommends that revenues from the auction be used to: Support clean energy technological development, including research and […]

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Live the Good Life in a Green Mansion

URL: http://money.cnn.com/2007/08/30/lifestyle/green_mansions/index.htm?postversion=2007091414 Website: http://money.cnn.com/2007/08/30/lifestyle/green_mansions/index.htm?postversion=2007091414     

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AREVA Acquires 51% Of Multibrid

European nuclear leader AREVA is expanding its strategic positioning on the CO2-free energy market with a 51% stake in Multibrid, a designer and manufacturer of multi-megawatt off-shore wind turbines based in Germany. The transaction values Multibrid at Euro 150 million. AREVA plans to rapidly expand Multibrid’s activities by giving the company access to its industrial resources, financial base and international commercial network. In return, Multibrid will provide AREVA with its leading-edge technology which, developed for 5 MW turbines, can achieve a very high output while reducing operating costs thanks to a simplified maintenance system. With this stake in Multibrid, AREVA aims to increase its presence on the offshore wind market. Multibrid will participate in projects such as Borkum West (30 MW), the first offshore project in Germany, Borkum West 2 (400MW), and Cote d’Albatre (105 MW), the first offshore wind farm project in France. In wind energy, Areva also recently acquired REpower, one of the world’s leading turbine manufacturers. Areva is also involved in bioenergy, constructing 10 turnkey biomass power plants in India, Thailand and Brazil. Its Helion subsidiary manufactures hydrogen and fuel cell power systems. Website: http://www.areva.com     

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