Welcome to the Green Chip Review Weekend Edition — our insights from the week in everything alternative and cleantech, as well as links to our most-read Green Chip Review and sister publication articles.
This week picked up right where last week left off... with good news for cleantech.
It's always been said that a price would need to be put on carbon for renewable energy to reach scale. This is the model that's already working in Europe.
On Monday, the Environmental Protection Agency took a major step to make that happen, even as Congress waffles on the issue.
By declaring that greenhouse gas emissions endanger human health, the federal agency now has the power to regulate them per a Supreme Court decision. This means we could see cap-and-trade or a carbon tax even without a signed bill from Congress.
The message this action sends is crucial. The financial world had better get used to viewing carbon as the liability that it is and to factoring it into their business models. Obviously, that would tip the scales in favor of green investment — the outcome we're after.
Of course, this also sends strong signals to all Copenhagen attendees, namely that the U.S. is finally ready to breach climate denial and leap to action.
And speaking of Copenhagen... one of the major hurdles during this week's talks has been the lack of funding for developing nations to combat climate change. African nations, for example, requested $40 billion per year to combat climate change.
They won't get that much, but some steps have been reached that break the negotiation stalemate. European leaders came to the table with a new $10.3 billion United Nations fund that would help developing nations combat the challenges of climate change.
And legendary financier George Soros has put forth a plan that could create an additional $100 billion through loans backed by International Monetary Fund gold reserves.
This rekindled spirit in Copenhagen is also apparent in the markets...
Rhode Island announced this week it could be the first state to complete an offshore wind farm as Deepwater Wind secured a deal with National Grid to sell 28 MW of electricity generated at the site.
GE announced it's received a $1.4 billion contract to supply turbines to Caithness Energy. The turbines will eventually be used to build the word's largest wind farm in Oregon.
Continuing with superlatives, Poseidon Resources won a regulatory battle in California this week to continue construction on the biggest desalination plant in the Western Hemisphere.
And on the solar front, a shelved Trony Solar IPO wasn't enough to stall the sector. Bullish feed-in-tariff announcements from Germany and an announcement by the U.S. military that they'll aggressively pursue solar were enough to keep the sector buoyant.
All this good news has led to some major wins for Green Chip investors. If you haven't had a chance to look at the products we offer to help investors capitalize on these markets, you can check them out here.
And you can catch up the rest of this week's green coverage below.
Call it like you see it,
Nick
Copenhagen Climate Conference: What's Being Discussed in Denmark
Green Chip contributor Emily Rutan gives the skinny on the Copenhagen Climate Conference as talks get underway this week.
A 40-year-long, Multi-Trillion Dollar Drug Deal: How You Can Make a [Legal] Fortune from this Cartel's Next Move
Green Chip Review reports: the world's longest-running drug deal has been going on since 1970... and cost Uncle Sam more than 1.35 Trillion. Now, this cartel is pouring billions of dollars into an unexpected investment. Three things you need to know — now.
EPA to Regulate Greenhouse Gases: Bypassing Congress for Cleantech Profits
Green Chip's Nick Hodge discusses the recent EPA ruling that declares greenhouses gases a threat to human health.
Chinese Battery Stock: From Rags to Richest, this Genius Will Soon Be China's Richest Inventor
China literally has the lithium market locked down... and boasts the one inventor and company reshaping the battery and electric car markets for future generations. Green Chip reveals the company that increased net profit by 97% in the last quarter alone.
GE Wind Turbines: GE Wind Turbines to Power Largest Wind Farm in the World
Publisher Jeff Siegel discusses recent news that General Electric has received $1.4 billion turbine and services contract.
The Smart Grid's Coming Electric Economy: The Utilities' View of the Smart Grid
Energy & Capital Editor Nick Hodge discusses utilities and the smart grid, and how the relationship between the two can make you money.
Climate Change Thought: A Climate Change Thought for Everyone to Consider
Director and producer of the new documentary film Haynesville (about the Haynesville Shale Discovery), Gregory Kallenberg poses a challenge to Climate Change — to humor him with a game of pretend...
Carbon Storage: Nearly $1 Billion for Carbon Storage
Green Chip's Jeff Siegel reports on the U.S. Department of Energy ponying up nearly $1 billion for carbon capture and storage technology.
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