Vestas Ends 2011 With 6GW of Orders for Wind Energy Projects
Filed under: Americas, Asia-Pacific, Energy, Europe, Government, Renewable Energy, World
Countries like the Ukraine, Poland, Pakistan, and Brazil have not previously been required to reduce their greenhouse gas emissions. Last month at Durban, that changed. Orders from nations like these boosted year-end wind turbine business at Danish wind giant Vestas. The flurry of orders came a month after international climate negotiations in Durban, South Africa, delivered a surprise stipulation that every nation has agreed to, to share binding, international cuts in greenhouse gas emissions within just 8 years.
The unequal requirements of the precursor agreement, the Kyoto Accord, which cut developing nations a break, had long prevented US agreement, and its elimination has resolved a longstanding dispute that prevented international agreement on carbon reductions. Some of these formerly “developing” nations, like Brazil, are now among the world’s highest emitters of greenhouse gases. Like other European renewable energy companies that grew to world domination because Europe adopted tough Kyoto Accord rules that required that Europe use clean energy, Vestas is likely to be a beneficiary of the new agreement. Over the next eight years, all nations will need to rush to get their clean energy in time for the changed climate rules, ready or not. Read more
RBI Bulletin December 2011
Mumbai, India 12 Dec 2011 — The Reserve Bank of India today released the December 2011 issue of its monthly RBI Bulletin. The Bulletin carries six articles, namely, (i) India’s Foreign Trade: 2011-12 (April-September) (ii) Central Government Finances 2011-12 (April-September) (iii) Inflation Expectations Survey of Households: September 2011 (Round 25) (iv) Quarterly Industrial Outlook Survey: July-September 2011 (Round 55) (v) Quarterly Order Books, Inventories and Capacity Utilisation Survey: April-June 2011 (Round 14) (vi) Consumer Confidence Survey: September 2011.
Highlights:
1. India’s Foreign Trade: 2011-12 (April-September)
The article reviews India’s merchandise trade performance during 2011-12 (April-September) on the basis of data released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S). It also analyses disaggregated commodity-wise and direction-wise details for the period 2011-12 (April-June).
Main Findings
- During 2011-12 (April-September), exports stood at US$ 160 billion and recorded a growth of 52.1 per cent as compared with an increase of 30.0 per cent during the corresponding period of the previous year.
- During 2011-12 (April-September), imports at US$ 233.5 billion registered a growth of 32.4 per cent as compared with 37.6 per cent in the preceding year. There has been significant rise in import of gold and silver and machinery.
- Petroleum, oil and lubricants (POL) imports at US$ 70.4 billion in 2011-12 (April-September) exhibited a higher growth of 42.0 per cent, reflecting increase in international crude oil prices, as compared 31.8 per cent a year ago.
- Non-oil imports during 2011-12 (April-September) at US$ 163.1 billion recorded a growth of 28.5 per cent as compared to 40.0 per cent in the corresponding period of the preceding year.
- Trade deficit during 2011-12 (April-September) amounted to US$ 73.5 billion, as compared with US$ 71.2 billion during April-September 2010.
- The disaggregated data on commodity-wise merchandise exports indicate that during 2011-12 (April-June), engineering goods, petroleum products, chemicals, gems & jewellery and agricultural products contributed more than 80 per cent of exports. Export growth was higher in sectors, viz., leather & manufactures and textile & textile products while the same was lower for petroleum products and ores & minerals.
- There has been diversification of merchandise exports towards developing countries with their share in total exports increasing to 43.6 per cent during April-June 2011-12 from 41.7 per cent during April-June 2010. Read more