ASEAN leaders are scheduled to sign today the Cebu Declaration on East Asian Energy Security. This is in hopes of addressing the rising fuel prices by promoting energy dependence programs that will promote : Energy Efficiency, Renewable Energy and Biofuels.
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Looks like much of what Pres. Bush promised in his State of the Nation Address to fund renewable energy projects to fight America’s addiction to Foreign oil is nowhere to be found. The cause being: Congress passed a stop-gap resolution to keep the budget at 2006 levels.
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With the 2006 Philippine Biofuels Act yet to be passed, San Carlos Bioenergy has secured already the Php 1.78 Billion funding required to setup an ethanol distillery with integrated co-generation power-plant. The funding came from a consortium of Banks led by the Development Bank of the Philippines (DBP), Land Bank of the Philippines, Banco de Oro Universal, China Bank, and Equitable PCI.
DBP and Land Bank are both government banks. They are tasked to provide loans for biofuels producers, blenders and transporters in the Philippines as mandated in the the 2006 Philippine Biofuels Act.
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More on the hot topic of China halting Ethanol expansion due to soaring grain prices.
The Agriculture Ministry has stated that:
1. They are giving priority for food over biofuels.
2. They are encouraging farmers to grow sorghum, cassava and other non-grain crops on marginal land to supply biofuel processors.
3. Top priority is protecting arable land and ensuring adequate food supplies.
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Business 2.0’s Chris Taylor lists Thin Film Solar Panels as one of the significant innovations for 2007.
I would have mentioned also: a sudden conscientious effort of tech companies and the US government to lower power consumption of tech devices. Then again, that’s more of like an industry trend/movement than a physical item *snicker*
Original Article here
