In Malaysia, a Bloomberg survey expects February palm oil reserves to have fallen to 11-month lows at 2.11 million metric tons, down 8.7% on the month, thanks to 3.5% less production as the El Niño-induced drought impacts oil palms. Some analysts believe the impacts could repeat those seen in the El Niño of 1997/98. Exports […]
In California, Bloomberg reports that in California refiners are getting biodiesel practically for free thanks to the federal $1/gal blending credit mixed with the Low Carbon Fuel Standard, or in some cases may even be making a profit. In the Midwest, refiners are paying just 64.5 cents per gallon with the credit is taken into […]
Novozymes, Bloomberg, KLM, Boeing, RSB, Carbon War Room, FAO, UN Foundartion, PANGEA, NEPAD, ICAO, Sky NRG, and the Inter-American Development Bank aim to “facilitate the development and deployment of sustainable bioenergy solutions…and doubling the use of renewable energy.” Seven projects underway in Bioenergy and Food Security, Sustainable Aviation, Policy Tools, Sustainability Certification and Sustainable Bioenergy […]
World clean energy investment in 2014 rose 16% in 2014 to $310 billion, with offshore wind in Europe and solar in China and the US as the main drivers. This marks the first year since 2010-2011 that investment actually rose. Bloomberg New Energy Finance’s annual data highlights China as the strongest performance by far, and […]
In New York state, Bloomberg says corn-based RINs jumped to 53.5 cents, up 13% and the highest seen since Aug. 17. Rail congestion keeping ethanol in the Midwest along with the EPA’s delays in unveiling the 2014 RFS blending mandates are boosting RIN prices. Export demand is also having a hand in boosting RIN prices.
Bloomberg reports that the International Energy Agency reports that the fossil fuels industry receives $500 billion a year in subsidies, and is holding back investment in cleaner forms of energy. Oil, coal and gas received more than four times the $120 billion paid out in incentives for renewables including wind, solar and biofuels, the Paris-based […]
In New York, according to Bloomberg, world clean energy investment will almost certainly bounce back from its two years of decline. In the first three quarters of 2014, investment was 16% ahead of the same period of 2013, at $175.1 billion. According to the analysis: “Third-quarter investment was $55 billion, up 12% from 2013, thanks […]
In a recent Bloomberg View article, a strong case is made for a carbon tax based on uncertainty about accessible shale oil and gas resources, which is having a chilling effect on the renewable industry. As Bloomberg states, “Investors come across it hard to look ahead to see regardless of whether green energy sources will […]
In Illinois, a Bloomberg survey of 24 analysts estimated that corn stocks on Dec. 1 were 10.764 billion bushels, the highest since 1994 and 34% higher than on the same date last year. Corn futures have fallen 40% in the past year and one analyst says corn could come down to $3.75 a bushel due […]
According to Bloomberg, palm oil prices may slump to 2009 lveles by January claims Dorab Mistry, director at Godrej International Ltd. Futures are expected to retreat to $629 per metric ton. The causes for the drop explored in the article include U.S. weather, which hurt the US soybean crop, expanding supplies between Malaysia and Indonesia, […]
