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A vote could come as early as this week in the U.S. Senate on a bill introduced by Senate Tax Committee Chairman Max Baucus (D-MT) and Senate Majority Leader Harry Reid (D-NV) containing a one-year renewable energy production tax credit (PTC) extension and a small wind turbine investment tax credit. The Senate bill, S. 3335, contains a one-year PTC extension at its current value. After December 31, 2009, any further extension would include the "presumption" of a cost cap, which would, through a complex formula, put a ceiling on the value of the credits of no greater than 35% of project value. The small wind ITC has a cap of US $4,000 per system.The 10-year cost for the PTC, including all technologies to which it applies, is projected to be approximately US $7 billion, while the ITC, which includes solar, would cost approximately US $907 million over 10 years. The bill also includes provisions to extend through 2014 the tax credits for solar energy, fuel cell and microturbine property, as well as the residential energy efficient property tax credit. Marine renewable energies could also benefit from the bill as credits to build wave, tidal, current and ocean thermal energy conversion systems of at least 150 kilowatts (kW) are extended through the end of 2011.

Instead, America's consumption binge drew support from two major asset bubbles-property and credit. Courtesy of cheap and freely available credit, in conjunction with record housing price appreciation, consumers tripled the rate of net equity extraction from their homes, from 3 percent of disposable personal income in 2001 to 9 percent in 2006. Only by levering increasingly overvalued homes could Americans go on the biggest consumption binge in modern history. And now those twin bubbles-property and credit-have burst, and so has the US consumption bubble: real consumer spending fell at an unprecedented 3.5 percent average annual rate in the two final quarters of 2008. While the original excesses were made in America, the rest of the world was delighted to go along for the ride. With the United States lacking in internal saving, it had to import surplus savings from abroad in order to grow-and ran massive current-account and trade deficits to attract that capital. This fit perfectly with the macro-imbalances of the export-led developing countries of Asia, whose exports exceeded a record 45 percent of regional GDP in 2007-fully ten percentage points higher than their share ten years earlier, in the depths of the Asian financial crisis. China led the charge, taking its exports from 20 percent, to 40 percent of its GDP over the past seven years alone. The export-led growth in developing Asia could well be described as a second-order bubble-in effect, a derivative of the one in US consumption.

Children at the new school will also benefit from a natural ventilation strategy supplied and installed by Monodraught, the UK's leading supplier of natural ventilation solutions. Specified by the Lancashire County Architects department and Lancashire County Property Group

The redeveloped World Trade Center will be "one of the largest fuel cell installations in the world" according to the New York Power Authority (NYPA). Under the US$10.6 million agreement between NYPA and fuel cell developer and provider UTC Power, fuel cells with a total capacity of 4.8MW will provide an on-site supplement to the renewable and other clean energy that will power the rebuilt centre. The first fuel cells will be delivered to the Freedom Tower in January 2009, and will be owned and operated by the Port Authority, which also owns the building. The fuel cells for the other three towers will be owned and operated by World Trade Center Properties, LLC. "Fuel cells are one of the environmentally beneficial technologies that the Power Authority is investing in under Governor Paterson's leadership to combat greenhouse gas emissions and diversify the state's energy mix. To date, we've installed 15 fuel cells in New York City and other locations, and expect to add to this total in support of the Governor's ambitious goals for significant increases in the state's renewable power," says Roger B Kelley, NYPA President and Chief Executive Officer.

"YBCO is one of the most well-known ceramic copper-based superconductors. Its critical temperature is -183 Celsius, but what if there were a way to raise that temperature to make these invaluable materials viable without cryogenic cooling? New clues regarding the properties of YBCO from Swedish and Swiss researchers could be the first step towards such a goal"

Home prices in China remained flat in June, breaking the eight month trend of continuous decline. Nevertheless, home prices were down by 1.5% y-o-y. The construction industry is one of the key consumers of copper in China.

Chile's national copper company, CODELCO, announced Friday that it will invest US$1.5 billion in new environmental and health projects over the next five years. The company plans to utilize copper's antibacterial properties in projects involving Santiago's subway system (Metro) and the salmon-farming industry.

The electric membership corporations (EMCs) in Georgia observed the first anniversary of legislation to bring harsher penalties to those charged with metals theft. "Metals theft is not a victimless crime," says Bill Verner, vice president, government relations, communications and member services with Georgia EMC. "Consumers foot the bill for replacing and repairing the damage left by a wire thief." In 2007, the EMCs and Georgia EMC led an industry effort to craft legislation aimed at toughening the existing law. The new law, which took effect July 1, 2007, forces the defendant to make full restitution to the lawful owner of the stolen metal and allows the prosecutor to prosecute based on how much it will cost to return the affected property to its original condition and not just the salvage value of the stolen metal. According to Verner

Industrial, mining and property investors were still in a state of confusion over power utility Eskom's approach to new electricity connections, but the corporation promised on Tuesday that the issue would be clarified with the imminent release of a comprehensive policy, possibly by as early as next week. CEO Jacob Maroga - currently in Europe on a road show to expose potential investors to its R150-billion capital-raising plan - said last week that the utility had not yet determined just how much power could be allocated to new projects. However, he indicated that a needs analysis was under way in a bid to align its stretched supply profile to the new demand. Maroga also stressed that supply security could be markedly improved and space created for new connections if greater savings were achieved. In fact, he displayed a graph showing that Eskom's reserve margin, which was currently running at a paltry 6%, could rise to well above 10% by 2009 should its savings targets be met. "If we follow the 10% savings path, there will be space for new connections. But we need information from potential customers, which will tell us what is, in fact, possible," he said.

Wisconsin regulatory officials, utility companies and environmentalists agree that more line capacity is needed to transport electricity generated by the growing number of wind farms. But they're not sure ITC's plan for giant-sized lines is the answer. Michael Vickerman, executive director of the Madison environmental group, Renew Wisconsin, said he has "reservations" about the need for 765-kilovolt lines. Smaller transmission upgrades can accommodate new wind generation, he said. Wisconsin Public Service Commission Chairman Eric Callisto also has questions. "I don't want to close any doors to what they have proposed but I have lots of grave concerns about the cost," he said. ITC is proposing "very large lines" that would require "very large right-of-ways," Callisto said. A right-of-way is the legal permission to use a property owner's land or the area above it.

Washington, Dec 10 : In an effort to combine the properties of plastics and metals, scientists have developed a composite material, which not only conducts electricity like metals but is also light and inexpensive like plastics. The plastic-metal hybrids will be used in the very places where plastic components are equipped with printed circuit boards, for instance in cars or aircraft.

Shanghai's real estate agents are keeping prices high despite talk of a property slowdown that's stifling homebuyer enthusiasm.

BP has a lot of money, and they want to focus a big chunk into cellulosic ethanol. So, they're partnering up with Verenium and giving the company $90 million over the next year and a half in order to gain some of Verenium's technology and hopefully speed up commercialization of cellulosic ethanol. Looking towards sugar cane, miscanthus, and energy cane, they're hoping to scale up biofuel's availability from these and other sources. The $90m will go towards helping put up low-cost production facilities across the US, and will give BP licenses to intellectual property of Verenium. BP's president Sue Ellerbusch said that this partnership positions BP as having the best technology in cellulosic ethanol production and makes them leaders in the area. Not surprising since they're forming other partnerships that help them corner the biofuel industry, including partnerships with DuPont, Tropica BioEnergia and D1 Oils. BP's fuel sales during 2007 accounted for 10% of the global biofuels market. So they're serious about making sure that biofuels become more easily available.

Super strong nanometals - a Chinese-Danish success Research shows that it is possible to produce copper about 4 times stronger than commercial material - and doing so while also having a ductile material. As the thermal and electrical conductivity are also good, the manufacturing of, for example, electrical conductors with improved mechanical properties looks promising

A pilot programme launched by the International Copper Association (ICA) and copper miner Codelco has tested the use of copper cages in salmon farming. According to a joint statement of the two organisations, it was the first time that about 60,000 salmon were harvested in copper cages. The programme was part of a wider plan of the two organisations which looks for new markets for copper. Codelco said that the use of copper benefits salmon farming because of its antimicrobial properties. The programme showed that there was a decrease in salmon mortality and better oxygenation in specimens.

Recent research into the properties of graphene nanoribbons provides two new reasons for using the material as interconnects in future computer chips. In widths as narrow as 16 nanometers, graphene has a current carrying capacity approximately a thousand times greater than copper - while providing improved thermal conductivity.