A delegation from the International Energy Agency spent two days in Baghdad speaking with high-ranking officials in preparation for an end-of-year report on the country's oil sector. By some estimates, Iraq could hold some of the largest oil reserves in the world and an international auction for oil and natural gas blocks is planned for May. Without a hydrocarbon law, and considering the fractured political system, the IEA's report may be more about political obstacles than oil potential, however.
The latest report from the Worldwatch Institute indicates global natural gas consumption is regaining momentum, with much of it being driven by increasing demand in Asia and the United States.
As stocks soared on the New York Stock Exchange Monday following a better than expected start to the U.S. shopping season, the exchange's operator, NYSE Euronext, announced a new partnership with researcher Bloomberg New Energy Finance (BNEF) to create three new regionally-focused clean energy stock indices.
The newest report from the United Nations Environment Program (UNEP), in cooperation with Bloomberg New Energy Finance, a clean tech analytics firm, shows that the combined impetus of stimulus funding, feed-in tariffs (FiTs) and renewable portfolio standards (RPS) generated a record $211 billion globally in 2010 in renewable energy investment.
Early in June, the U.S. Department of Housing and Urban Development (HUD) announced an initiative to help owners of apartment buildings, and other multi-family type rentals, borrow the money to “green” their buildings.