Green deals expected to drop amid policy fears

However, there have been rising fears that European governments will dramatically cut incentives to renewable energy, which will have an adverse impact on private equity deals.

The Spanish Government, which has been one of the biggest backers of renewables in Europe, is considering a move to retroactively reduce incentives for existing solar energy plants. This has led private equity executives to worry other countries may follow suit.

Senate Democrats Opt for Scaled-Back Energy Bill - NYTimes.com

“This legislation, it’s not all green stuff — you know, Sierra Club stuff,” Mr. Reid said. “We’re importing 70 percent of the oil that we use. We have a need to change the paradigm in America. And that is, we need to have a move to renewable energy.”

New Paper “Impact Of Atmosphere And Sub-Surface Ocean Data On Decadal Climate” By Dunstone And Smith 2010 « Climate Science: Roger Pielke Sr.

Secondly, the climate models drift from reality unless real world data is continually assimilated (i.e. inserted) into the model equations. The multi-decadal global climate models have no such real world constraint. There is no way to determine how far they drift from reality, but this study (although with a single idealized model) suggests that they deviate significantly with respect to what the real world will actually be decades from now.

Carbon-Pricing Plan Might Not Clear Moderate Hurdles

Senate Democrats working on a last-ditch effort to price carbon emissions of power plants face a mounting wall of resistance from moderate senators in both parties whose support is essential for the passage of any type of energy and climate bill.
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Lincoln and Rockefeller, who both chair committees with jurisdiction over energy legislation, said Wednesday that they are not working with and have not been contacted by Lieberman and Kerry about their bill that prices carbon emissions of power plants only.
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Kerry has been meeting with utility associations and environmental groups to try to rally support for his and Lieberman's bill, but those efforts were dealt a blow when the American Chemistry Council, an association that represents many energy-intensive manufacturing companies, officially came out Wednesday against any type of bill that prices carbon of utilities only. "Unfortunately, under every version of the proposal discussed to date, utility allowances are insufficient to cover their higher energy costs, which will simply be passed through to industrial energy consumers and other rate payers," ACC President and CEO Cal Dooley said in a statement.