Climate change could slow SEAsia growth almost 7 pct: IMF | My Sinchew

HANOI, March 22 (AFP) - Southeast Asian economic growth could slow this century by almost seven percent a year unless action is taken against climate change, a senior IMF official said Monday.

Is Corporate America Our Best Hope Against Climate Change? - The World Energy Technologies Summit - TIME

If Google can do for utility bills what it's done for email, it could change the way many of us view energy, dragging a reluctant industry into the 21st century.

Wind Energy Investment of $65 Billion May Curb Carbon (Update1) - Bloomberg.com

March 22 (Bloomberg) -- China WindPower Group Ltd., Iberdrola SA and Duke Energy Corp. will lead development of an estimated $65 billion of wind-power plants this year that let utilities reduce their reliance on fossil fuels.
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“Wind development is moving fast,” James Rogers, chairman of Duke, which owns utilities in the U.S. Southeast and Midwest, said in London on March 18 at the Bloomberg New Energy Finance conference. “In the last 10 years, 90 percent of plants we’ve built have been gas. I’ve used gas plants like crack cocaine.”
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Making wind power even more attractive is its “scalability,” or the ease with which a developer can add turbines as demand rises, said Petra Leue-Bahns, chief financial officer of Ecolutions GmbH.

“Wind is relatively easy to install in big packets and then scale up,” she said. “Wind will probably reach grid parity” and be able to compete with fossil fuels without subsidies within four years, she said. Ecolutions invests in renewable-energy projects in Europe and Asia.

Plenum Hedge Fund Gains 19% After Predicting Arctic Weather - Bloomberg.com

March 22 (Bloomberg) -- Plenum Power Surge, the hedge fund managed by Plenum Investments AG in Switzerland, returned 19 percent in the first two months of the year after betting on an increase in Scandinavian electricity prices.

Prices in the Nordic electricity market, where Plenum has 68 million euros ($92 million) invested in two funds, jumped to records as temperatures reached the lowest since 1987 in Sweden and consumption rose to a record in Norway, forcing industrial consumers to reduce demand to prevent blackouts.