The world economy might be in recession, however, carbon emissions are at an all time high. According to a new analysis by the nonprofit and nonpartisan Environmental Integrity Project (EIP) of data from the U.S. Environmental Protection Agency (EPA) U.S. power plant CO2 emissions jumped 2.9 percent in 2007, the biggest single-year increase since 1998. More than ever, companies need to commit to taking steps against global warming.

The $700 billion bailout package recently issued by the U.S. government favors supply-side economics. The bailout package included tax credits for renewable energy industries most notably for wind and solar energy manufacturers. The general view is however that larger utilities will benefit as opposed to smaller renewable energy players that remain dependent upon project financing.

Read more of this story »