Coal Fights Back, and Wins in Europe

A funny thing is happening on the way to the clean energy future.  While the US government wages a regulatory war on coal fired generation, in Europe, the land of the oh so politically correct the drive for greenhouse gas emissions reduction is meeting a new competitor----reality! The EU emissions trading scheme had fallen on hard times as the number of permits issued was large and demand in a falling economy was weak so prices fell.  Some reforms were made and the freebie credits were reined …Continue Reading »

Going Cold Turkey: Renewables without Subsidies

That is the new reality facing many renewable energy players in Europe as the consequences of the Greek meltdown’s impact on the Euro hits home.  We had a taste of this last year as Spain and then Germany cut its feed-in-tariffs in a pique because the money intended as a subsidy to create jobs at home was siphoned off to China for wind turbines and PV panels. The Greek-induced panic that Feed in tariff subsidies would be cut is coming on the heels of a new International Energy Agencies (IEA) …Continue Reading »

Volatility is a Wonderful Thing

Volatility is a wonderful thing.  It not only brings profits to some willing to take risk, it punishes the foolish and teaches them lessons that make them stronger.  Some days just aren’t that great in times of volatility, but we keep going because we believe that tomorrow will be better, that we will be wiser the next time, and it reminds us of the values and principles that ground us to reality. That is the natural optimist in each of us, but it also works for companies and countries too. We …Continue Reading »