10 Nov
why is President Obama going to China Nov 15th??? Why will China sign this new Global Climate Treaty plan Nov 15th???? Answer”‘ they HAVE TO”"!
The Intergovernmental Panel on Climate Change, in turn, estimated that China would surpass the United States as the world’s leading emitter of carbon dioxide by that same year. Propelled by a decade of blistering growth unfettered by environmental regulations, China managed to hit its energy usage goal in 2007, 13 years ahead of schedule. And depending on whose estimates you accept, the country has already taken the carbon-dioxide emissions crown.
The statistics are staggering. Fourteen thousand new cars hit the road each day, and by the year 2020, China is expected to have 130 million cars. Meanwhile, about 70 percent of China’s nontransportation energy comes from burning 3.2 billion tons of coal each year. The nation is building coal-fired power plants—one of the dirtiest forms of energy production—at a clip of two to three a week. China is also home to 5 of the 10 most polluted cities on the planet, according to China’s own State Environmental Protection Administration (SEPA)—including the major coal-mining city of Linfen, the most polluted city in the world. The World Bank estimated in early 2007 that air pollution alone causes at least 700,000 premature deaths in China annually.
The impact of all this extends far beyond China’s borders. Taken as a group, its coal-fired power plants emit the world’s highest levels of sulfur dioxide (a major element of acid rain) and mercury, both of which rise high into the atmosphere and hitch a ride on air currents circling the globe. One study, published last year in the Journal of Geophysical Research, calculated that three-quarters of the black carbon pollution in the atmosphere over the western United States originates in Asia. It is estimated that as much as 35 percent of all the mercury pollution in the western United States comes from abroad, and China is most likely the main culprit. According to the World Wildlife Fund, untreated waste has turned China’s Yangtze River basin into the single largest polluter of the Pacific Ocean. “There’s no doubt,” says Elizabeth Economy, director of Asia Studies at the Council on Foreign Relations, “that what China is doing on the domestic front has an enormous effect on the globe.”
Within China, the devastation is more intense. One-third of its land has been hit by acid rain, according to the head of SEPA. One hundred ten of its cities are short of water. Available water is so polluted that nearly 700 million Chinese citizens drink from supplies contaminated by human and animal excrement.
The conventional wisdom has long held that China is merely following the path of the United States and other developed countries that polluted—and in some cases, continue to do so—on their way to a wealthier populace and eventual stricter environmental controls. But the epic pace of China’s development could spawn an ecological catastrophe of a different order. “What China is facing in terms of environmental challenges,” Economy says, “is not comparable to anything we have faced in this country.”
Ironically, the environmental goals set by the Chinese government appear more progressive than those of the United States. In its latest five-year plan, issued in 2005, the central government targeted a 20 percent improvement in energy productivity by 2010. The previous year, it pledged that 10 percent of the nation’s energy would come from renewables by 2010. This year, it began requiring that new cars meet fuel economy standards higher than those in the United States.
“There is no other country in the world as dynamic and rapidly changing as China,” observes Alex Wang, an NRDC attorney who directs the council’s China Environmental Law Project in Beijing. “It really is a country where things can be dramatically different from one day to the next.”
Just as quickly as China became the world’s leading polluter, it could find a greener path to development. But if it fails, the outcome will be more than just a public relations nightmare.
10 Nov
some Wharton folks charge MILLIONS for writing this succinct and Jan814_1999 is one of the best sharing his research on APWR freely, this is the BEST SUMMARY I have ever read on “”WHY”" to Own APWR Energy for the future of China and the World’s Next First Solar of China Wind Energy!
The point I am trying to make is this.
Many individual investors and institutional investors may be concerned that APWR may not meet street EPS expectations in Q3. They may be right. So these investors will hold their stock buying for the Q3 earnings release. They will hope for some stock price weakness, and then buy the news. They will buy because if they were paying attention, this is what they will know.
1) They will know that APWR has produced a steady flow of MOUs, contracts, and agreements, securing the future revenue flow. Seventeen DPG projects are in work. Seventy wind turbines are, or will be, in production this year. The joint venture with GE is well underway. The Shenyang Power Group has its’ first two MOUs, and the size of those two potential contracts are nothing less than spectacular. APWR has a couple of component supply agreements and the two “full responsibility” wind farm contracts in China. New biomass contracts have been signed. A solar undertaking is about to unfold etc.
2) They will know that the APWR Q3 numbers are reflective of the kinds of performance numbers that the street has been demanding. Q3 will deliver record revenue and record dollar earnings even if street EPS estimates are not met. Q4 will be even better with the first revenue from wind turbines gracing the income statement. The APWR vision, which has been clouded by contract delays and component shortages, is about to re-emerge with an exciting clarity.
3) They will know that FY 2010, with its accelerating turbine revenue in both China and the U.S., and the growing DPG revenue including Macau, will shatter the numbers on previous income statements and define the success story that is APWRs.
4) When looking for investment success, these investors will know they should look to China, which has the worlds’ third largest economy, the fastest growing economy, and the second largest level of energy consumption in the world. APWR is in China.
They will know to look at the alternative energy industry because we must revolutionize the methods with which energy is provided to us all. APWR is in that industry.
They will know they must focus on a company with a highly-skilled engineering team, proven management, strong government relationships, strong ties to industrial industries in China, and with access to university scientific research. APWR has all of that. And now, APWR has established a significant presence in the good old U.S.A.
5) They will know we have entered a new bull stock market coupled with recovering world economies. Investors are returning and they are looking for value. APWRs sleeping analysts have helped hand us that value.
6) They will know that all of the above will bring an expanding PE ratio to APWR and will prompt the analysts to deliver real world EPS projections.
7) And finally, they will know that the APWR stock price will transcend to a level which will exceed most expectations.
10 Nov
as most know, I follow APWR closer than AMSC due to P/e’s and PEG’s which are written rules of investing for me but I like BOTH and one might want to also add Vestas as Vestas is going to benefit immeidately with the Obama China Global Climate meeting coming in four days! Once Obama gets China to DROP 70% protectionism from China, the world changes as Green Power is going to rocket! Especially WIND and especially APWR as OBAMA will have to approve the China Wind Farm in Texas as part of the deal and package of China openning its borders, the USA must do the same!
By Sam Hopkins
Monday, November 2nd, 2009
United States Commerce Secretary Gary Locke said on Thursday that China is moving to allow more parts from foreign manufacturers to be included in the Middle Kingdom’s domestic wind power projects.
As it stands, Beijing requires that 70% of the components in wind energy turbines erected around China be produced by factories within the country.
Locke couldn’t say exactly when the rule would change, but after the 20th U.S.-China Joint Commission on Commerce and Trade, America’s top industrial diplomat did indicate that a policy shift is on the way.
That will be a boon to American wind energy component producers like American Superconductor (NASDAQ:AMSC), whose stock rose by over 10% in the week from October 26, compared to a 3% decline for the S&P 500.
China’s loosening of domestic manufacturing requirements for wind power is also part of a bi-national wind power exchange that involves companies of all sizes.
In Texas, a consortium just announced a $1.5 billion Sino-American joint venture between Shenyang Power Group, Cielo Wind Power, and the U.S. Renewable Energy Group, a private equity fund. That collaborative effort will bring turbines from China to the Lone Star State via Chinese turbine maker A-Power Energy (NASDAQ:APWR).
Look for more news soon on the growing exchange in U.S. and Chinese wind power infrastructure expansion and the wind power stocks that could profit.
-Sam Hopkins
10 Nov
connections of VC firm Kleiner Perkins, reasonably assumes that if they go after federal stimulus funds, they will likely get what they want. As we’ve seen with Fisker Automotive and Silver Spring Networks, Kleiner firms now have won over $1Bil from the Department of Energy or roughly the size of what others have reported to be Kleiner’s entire investment in CleanTech. (can anyone say “break even?”) But, before you conclude that Kleiner only needs to show up to win these funds, take a note of caution: it turns out that Kleiner Perkins is not the only politically connected CleanTech firm with it’s hand out for DOE funds. That’s right, even if Kleiner Perkins companies in some cases do not have to compete in a market to win these DOE funds, Kleiner Perkins the VC firm will have to compete for President Obama’s money. I’m sorry, I mean Tax Payer Money! (how could I screw that up?)
Competitor #1 to Kleiner’s complete domination of DOE stimulus funding: another VC firm called the US Renewable Energy Group. These are the guys that partnered with Cielo Wind Power and The Communist Party of China, I mean bankers in China, to put together a Texas Wind project. It might succeed because have a look at the team trying to pull home the funds (well, tax credits anyway). The US-Reg team reads like a Barak Obama grade school soccer team roster. “Kick it over here, Barak!” Does anyone formerly in politics do anything but seek federal funding any more? Depends on what Dick Cheney is up to these days I guess.
Before the Obama US Reg good ole boys get too celebratory though, they still face steep obstacles…not so much on the merit of their technology or program (a throwback to a market system we used to have) but rather on political momentum. First of all, they have Senator Charles Schumer on their back complaining about their prospects. Senator Schumer has received campaign contributions from Kleiner’s John Doerr (to name at least one). So Schumer is upset but not enough to necessarily ding Fisker Automotive for having an investment from an Arab Company on their financial sheets. (google prior blogs about that or search SEC records–you won’t find it in a newspaper).
10 Nov
The world is changing folks and if we dont go green, well, we wont survive, its that simple of terms.
PARIS (AP) — The global financial crisis has led to a dangerous drop in energy investment around the world which could choke off the nascent economic recovery, the International Energy Agency said Tuesday.
The warning from the Paris-based agency comes just a month ahead of the major UN climate conference in Copenhagen, where world leaders hope to agree on so-called climate finance to help developing countries cut emissions by switching from fossil fuels to cleaner energy such as wind and solar.
The EU has said that there should be a euro100 billion ($150 billion) annual package of public and private finance by 2020 to help poorer nations develop green industries and adapt to climate change.
The IEA, a policy adviser to 28 mostly industrialized oil-consuming nations, estimates that the financial and economic crisis is responsible for a $90 billion drop in global oil and gas investment this year, a 19 percent cut from 2008.
“Falling energy investment will have far-reaching and, depending on how governments respond, potentially serious consequences for energy security, climate change and energy poverty,” the IEA said in its annual World Energy Outlook report.
The resulting drop in oil and electricity supplies could “undermine the sustainability of the economic recovery,” the IEA warned.
Investment in renewable energy sources has been particularly hard hit, falling by about one-fifth in 2009 compared to a year earlier. Without the stimulus plans enacted by governments in response to the crisis, renewable energy investments would have fallen 30 percent this year, the IEA said.
“The financial crisis has cast a shadow over whether all the energy investment needed to meet growing energy needs can be mobilized,” the IEA warned.
The agency estimates that $1.1 trillion needs to be invested annually from now until 2030, for a total of $26 trillion, just to meet energy demand on current growth trends.
Should governments adopt plans to limit greenhouse gas concentrations in the atmosphere to 450 parts per million of CO2 equivalent, an additional $10.5 trillion needs to be invested over that time period, the IEA said
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