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Australia To Build Southern Hemisphere's Largest Wind Farm
Sydney (AFP) Oct 27, 2006 Australia gave the green light to the southern hemisphere's largest wind farm Friday, the country's second major project aimed at reducing greenhouse gas emissions announced this week. The go-ahead for the 600 million dollar (460 million US), 183-turbine wind farm in the state of Victoria follows Wednesday's announcement of the world's biggest space-age solar power station and extra funds for a pilot project to reduce, capture and store carbon dioxide emissions from a coal-fired power station in the same state. The wind farm would have the capacity to generate enough power for almost 190,000 homes every year, Victoria state planning minister Rob Hulls said of the 55 square kilometre (22 square mile) project to be built at Macarthur in the state's west. Energy company AGL would build the farm, which would be able to produce up to 329 megawatts of electricity, Hulls said. "The approval at the Macarthur wind farm shows that the (Victorian state) government is certainly taking climate change seriously," he told reporters. Hulls said the wind farm would help the state government reach its target of sourcing 10 percent of electricity from renewable energy sources by 2016.
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Global Carbon Market Hits 22 Billion Dollars
Washington (AFP) Oct 26, 2006The global market in carbon emissions has doubled from 2005 levels to stand at nearly 22 billion dollars so far this year, the World Bank said Thursday. "All the data show that the carbon market is becoming a powerful financial force supporting clean development," said Karan Capoor, co-author of a new World Bank report on emissions trading. |
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