“There is an appreciation by everybody in the room it is important to make good on that commitment,” Stern said.
“The Copenhagen Accord outlined funds approaching $30 billion for 2010 to 2012 to help developing countries adapt to global warming and mitigate its potential effects, like floods, droughts and stronger storms,” their story adds.
Once again, various negotiators are downplaying any hopes for a final treaty coming out of the next big round of U.N. talks in Cancun, Mexico late this year, Bloomberg reports.
But even if prospects for a final treaty look grim, the Financial Times notes that Stern sounded relatively upbeat about the state of international collaboration overall.
That counts as good news in the aftermath of the messy Copenhagen summit that left many downcast. The FT notes that Stern “at least managed to sound a more positive note than those leading the UN talks have managed of late.”
* Several developers hope to build wind farms in the Great Lakes.
Proposals for wind farms off the Atlantic Coast – notably the controversial Cape Wind project slated for Nantucket Sound – have received more attention. But the Wall Street Journal looks at budding initiatives to tap wind resources in Lake Michigan and other Great Lakes.
Their piece describes efforts by the city of Evanston, Illinois to explore a privately-financed project in Lake Michigan, and then surveys a broader trend.
“Officials in Cleveland and surrounding counties last month formed a nonprofit to develop a small wind farm in Lake Erie as a public-private partnership to jump-start a new industry. The New York Power Authority is seeking developers for potential projects in Lake Erie and Lake Ontario. A Toronto company plans to begin building a wind farm in Lake Ontario over the next few years,” the story notes.
It adds: “Offshore wind farms are more expensive to develop than those on land, but they offer some advantages, backers say. Winds tend to be faster and steadier over water. A doubling of wind speed can yield an eightfold increase in power production, according to industry estimates. Also, the Great Lakes are closer to population centers than other windy regions, such as the Great Plains.”
* A carbon pledge has led a big green group to drop opposition to a Texas coal plant.
The Environmental Defense Fund is no longer opposing Tenaska’s planned West Texas coal plant following the developers’ pledge to capture 85 percent of the carbon dioxide emissions, according to the Dallas Morning News and other outlets.
“Jim Marston, the Environmental Defense Fund's national energy program director and head of the group's Texas office, said the group dropped its opposition to Tenaska's proposed plant when the company put its environmental promises into a legally binding, enforceable contract,” the Morning News reports.
But the project still faces opposition from some groups.
“The confidential nature of the contract leaves many questions unanswered, particularly if Tenaska sells the project to another developer in the future, said Tom ‘Smitty’ Smith, state director of Public Citizen in Texas which will continue to oppose the project,” Reuters reports.
Tenaska hopes to begin operating the plant in 2015. The plan calls for capturing CO2 and selling it for use in enhanced oil recovery projects. Underground CO2 injection is a way of increasing oil production.