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It’s another dismal day in the neighborhood.
Connecticut’s solar initiative — which had hoped to offer consumers subsidies for installing solar systems over the next two years, is out of cash six months into the project says the Green Inc. blog at the New York Times. The governor is trying to scrape a little cash together and the federal tax incentives passed in the week of the financial debacle could help, but installers are worried.
Spain went through a similar turmoil, which lead to an oversupply of panels. Connecticut is much smaller so the same won’t likely occur.
Meanwhile, Nikkei Net (subscription required) reports that Toyota may suffer a $1.67 billion (that’s U.S., not Yen) in fiscal 2008. It would be the company’s first since 1940.
Elsewhere, Green Car Congress says Australia wants to reduce carbon emissions to 5 percent to 15 percent below 2000 levels by 2020. That’s less ambitious than some plans — President elect Obama wants to cut them to 80 percent of 1990 levels by 2050 — but that also makes the Australian ones more realistic. It will also have a carbon market by 2010.
Meanwhile, News.com writes about Alex Cheimets, a homeowner in Massachusetts who is covering his house with two layers of foam board to insulate it. It’s to save energy, not to win style points. This one seems weird to me. There are actually great insulating materials — such as aerogels — you can use on the inside of your home. But he is saving a lot of power.
At TechOn, check out a Q&A on Honda’s battery initiative.
And finally, VentureBeat has an interview with creamy-skinned VC Steve Jurveston on why cleantech will do OK in the downturn.
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