Rhein on Energy and Climate

Archives for Copenhagen Climate Conference

No other country on earth wastes more energy than Russia. According to Russian estimates, the country could save about 40 percent of its energy consumption if its energy sector functioned according to Western standards. The losses due to poor heat isolation of buildings, outdated equipment in industry and power generation and transmission are colossal. It… » read more

Posted by Eberhard Rhein

Spurred by the ruling of the Environmental Protection Agency declaring C02 emissions a risk for human health and welfare, the House Energy and Commerce Committee has begun work on what might become one of the most ambitious pieces of legislation passed by Congress. Its basic contours would resemble EU legislation, in particular a cap and… » read more

Posted by Eberhard Rhein

The news from the climate front is extremely worrying. After 10 days of debate on formalities and secondary issues the Bonn preparatory meeting has ended without offering much hope for a substantive outcome in Copenhagen at the end of year. The gulf between what humanity needs to do to prevent a dramatic deterioration of the… » read more

Posted by Eberhard Rhein

President Obama has done what many citizens across the world following the preparations for the Copenhagen Climate Conference had hoped for: take the lead. He has invited the heads of government of the 16 main emitter countries of green house gases and the UN Secretary General to a meeting at the White House, April 27-28th,… » read more

Posted by Eberhard Rhein

The success of the Copenhagen Climate Conference is at great risk. International climate diplomats have lost sight of what it should achieve. They seem more concerned with creating new financial mechanisms for adapting to future climate change than getting tangible reductions of green house gases by the major emitting countries. Last Friday, the European Council… » read more

Posted by Eberhard Rhein

PM Gordon Brown has decided to add climate change to the already overcharged agenda of the G 20 summit meeting in London April 2nd. That is a wise and courageous decision considering the poor state of preparation of the International Climate Conference to be held in December in Copenhagen. Indeed, the G 20 countries account… » read more

Posted by Eberhard Rhein

Heed the Warnings on the Wall

Throughout the last 15 years, Alan Greenspan, the once illustrious FED Chairman, had indulged in an irresponsible deregulation of the American banking system, ignoring occasional warnings from subaltern officials. He had full trust in the self-regulating capacity of Wall Street and could fully rely on the backing of US Presidents, in particular G.W. Bush. Today,… » read more

Posted by Eberhard Rhein

Vattenfall, the state-owned Swedish power company, has announced the take-over of Nuon, a Dutch power company heavily engaged in wind energy. This decision follows the take-over bid made by RWE, the German power giant, for another Dutch utility, Essent, and the completion of the lengthy take-over battle for the Spanish Endesa by the Italian Enel… » read more

Posted by Eberhard Rhein