Word: wind
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...well as other companies. An existing $370 billion plan granting a government guarantee on bonds issued by banks, earmarked to close in April, was extended to the end of 2009. And Northern Rock, the mortgage bank crippled by the credit crisis and nationalized in 2008, will abandon plans to wind down its mortgage book, the government said, and instead boost funds available to home buyers. (Read "Four Steps to Ending the Foreclosure Crisis...
...than that, Masdar City and the WFES as a whole show the triumph of a kind of techno-environmentalism that would be all but unrecognizable to the crunchy nature lovers who once dominated the green movement. A walk through the summit's cavernous exhibition area, where models push mini-wind turbines, reveals booths dedicated to thin-film solar arrays, geothermal pumps and carbon-trading consultancies. There's little about trees or wildlife, nothing about environmental sacrifice - this is about the business of getting the carbon out of our energy supply as quickly as possible. And even in the middle...
...Merkel's win in one of Germany's biggest states, a financial center and home to the European Central Bank, puts wind in her sails as she campaigns on behalf of her party and for her own re-election in September. Gerd Langguth, a political scientist and Merkel biographer, says the Hesse result means Merkel's return to the Chancellery is assured. The real question is whether Merkel will be able to form a coalition with the FDP or continue the so-called grand coalition with the left-leaning Social Democrats (SPD), he says. "Merkel believes that it would...
...that $825 billion, Democrats said, $54 billion would go toward renewable power production, improving energy efficiency and upgrading the country's antiquated electrical grid; that includes $20 billion dedicated to tax credits to the alternative energy industry, like solar and wind, which often still needs subsidies to compete with fossil fuels. "It's an intensely Darwinian environment for small-scale solar," says Arno Harris, the CEO of Recurrent Energy, a San Francisco solar project developer. (See the top 10 green ideas...
...face of declining demand. Where there was a glut of orders for new solar systems as recently as the past summer, prices for rooftop solar arrays have dropped 8% to 10% since October, and are likely to keep falling this year. Layoffs are happening even in the more mature wind industry - including big companies like the Spanish firm Gamesa, which let go of staff in one of its Pennsylvania factories...