Abu Dhabi has got the largest sovereign wealth fund in the world with asset of over $600 Billion.The small emirate which is a part of the larger United Arab Emirates is one of the richest countries in the world due to its Oil Riches.The country had made ambitious Renewable Energy Plans setting up a Fund/Company dedicated to its Green Ambitions called Masdar.The Company has faced a number of reverses as it tried a number of things all at once in a new industry.Its “Jack of All Trades” Strategy has proven to be a failure as it lost/fired a number of top executives.Its Solar Plans have also come up a cropper as Thin Film Technology has faced a lot of reverses in recent times.The Company has tried to change tactics by concentrating now on Solar Thermal Technology partnering with Abengoa and Total in building a CSP plant near Abu Dhabi.With its Renewable Energy Arm facing a number of reverses,its plan for a futuristic,zero carbon Green Masdar City has also been scaled down.
Constellation Energy has become the latest USA Utility to cancel its proposed new nuclear energy plant to be built in Maryland.Despite a Loan Guarantee from Department of Energy (DOE) as part of the US Green Stimulus,Constellation has found the economics of the Nuclear Reactors as unworkable.In fact this is keeping with the trend of other utilities in the Developed World who have found New Nuclear to be too expensive.While a number of cyclical factors are at play (Wind Energy has also been affected) in hindering the development of these plants,it seems a secular shift has occured.Finland has become the poster boy of a Nuclear Project Disaster with the main developer Areva bleeding from losses as time and cost overruns have almost doubled.The increaseing costs of environment and safety regulations has increase manifold since the last spurt of nuclear energy construction in the 1980s.The Nuclear Renaissance has proven to be a complete failure in the Western Countries.While China continues with its aggressive Nuclear Expansion plans,construction in the US has come to a virtual halt.Exelon which is the largest Nuclear Energy Operator in the USA has also halted developed of 2 new reactors in Texas.These Utilities have said that they need much higher energy prices and a carbon tax before going ahead with reaction construction.Note Exelon recently bought a Wind Energy Operator as Solar/Wind become the favored Green Energy choices.
A US expert has said that India was the target of the Stuxnet Attack rather than Iran.India’s Insat 4B Communications Satellite suffered from a malfunction recently and it used the same Siemens software which was the target of this Worm Attack.India has been subject to Chinese cyberwarfare attacks in the past .This has led to a general wariness in the Indian Establishment over Chinese origin companies like Huawei operating in India.Tensions between Indian and China have been rising over a range of issues such as territory,supply of arms and nuclear reactors to Pakistan and construction of military bases around India.The failure of an Indian Communications Satellite without any explicit attack done surreptitiously by Chinese hackers does not seem far fetched.Nothing would be clearly known to the general public given the clandestine nature of these cyberwarfare between nation states.However India’s decision to bolster its cyberwarfare capabilities and the recent decision by Google to abandon China,all point to China using cyberattacks as an instrument of statecraft.
Mazda the Japanese Automobile Producer has decided to double the R&D spending on EcoFriendly Vehicles over the next 5 years.The Company has decided to up the percentage spend on Green Automobile Technology to 40% by 2015 from 20% at present.This implies almost $450 million in annual R&D spend on Hybrid and Electric Vehicles.Mazda has been a latecomer to the new generation Green Automobiles.Like Honda,Mazda trails Toyota and Nissan in the EV and Hybrid Car Technology.
Mazda has already tied up with Toyota to fast track the development of Hybrid Vehicles,the first one which it plans to introduce by 2013.Note Honda and Toyota have already introduced Hybrid Cars and Mazda will face tough competition as it is a latecomer to the Hybrid Party.Other AutoMakers around the world like Hyundai,GM,Ford,Geely,BYD are already well on the way to introducing Green Cars.
Renewable Energy is Easter Europe has boomed driven by government incentives and subsidies.Many of these countries like Estonia,Bulgaria and Czech are cutting or already have cut generous feed in tariffs paid to Green Energy Investors.While Czech has seen an unprecedented Solar Boom leading to a massive public backlash,Estonia and Bulgaria have seen huge wind energy projects.The Green Energy has boomed in the last 2 years mainly as governments in these countries try to meet the Renewable Energy Target of 20% by 2020 set by the European Union.These East European countries have been hit hard by these EU directives as the costs have spiralled
The Government of India has formed a high powered panel to look into replacing the usage of diesel powered gensets by Renewable Energy in Telecom Towers.India has around 300,000 Telecom Towers most of which are powered by expensive diesel generators.The reason is that a lot of the telecom towers are situated in far flung areas where the grid does not exist.Also the power supply in India is erratic and not reliable with 10 hour electricity blackouts not an infrequent occurrence.In these cases a backup supply of electricity supply is badly needed.Diesel Generators are the most popular form with Diesel heavily subsidized by the government in comparison to normal petroleum.Also Diesel Generators are widely available without huge capital costs.