Going Gets Tougher for Newbies: Despite the long-term promise of clean energy, a new report from Clean Edge forecasts revenues will “remain level or decrease slightly” until global credit markets are restored and investor confidence returns, with the hardest hits being dealt to new technologies and companies. — NYT’s Green Inc.
Bad to Worse: Four environmental experts at a conference on climate change in Copenhagen said sea levels are rising about twice as rapidly as the UN forecast two years ago. The scientists hope the warning will help galvanize a solid international treaty at the climate talks taking place in the same city in December. — The Economist
GM to Make Do Without $2B: Citing gains from stepped-up cost cutting, General Motors has told President Barack Obama’s auto task force that it won’t need $2 billion of requested U.S. aid this month to stay afloat. Bloomberg
Green Light for Duke Smart Grid Project: North Carolina regulators have cleared Duke Energy Carolinas to start a pilot program involving smart meters, storage batteries, solar power and 200 customers in Charlotte. — Charlotte Business Journal
Sweden Sets New Targets: Sweden’s government announced yesterday that it now aims to have 50 percent of the country’s energy coming from renewables by 2020, the Swedish car fleet independent of fossil fuels a decade later, and a total carbon neutrality by 2050. — Grist