Energy Newsletter - July 2014

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In This Issue:

- Russia's Second Renewable Energy Auction Gives Both Glimmer of Hope and Cause for Concern

- Tanzania Publishes First Draft of a Long-Awaited Local Content Policy

- New York's Highest Court Holds that Zoning Laws of New York Towns Banning Fracking Are Enforceable — A Brief Analysis of the Oral Arguments and the Court's Opinion

- U.S. Supreme Court Restricts EPA Regulation of Greenhouse Gas Emissions

- Nuisance Verdicts in the Barnett Shale: Two claims arising out of the same natural gas operations yield two very different verdicts

- President Obama Signs Water Resources Reform & Development Act of 2014

- FERC Initiates Proceeding Regarding Price Formation In Organized Markets

- Excerpt from Russia's Second Renewable Energy Auction Gives Both Glimmer of Hope and Cause for Concern

Having one of the richest conventional energy reserves in the world, Russia has traditionally downplayed the importance of renewable power generation. Therefore, it is not surprising that compared to other countries' policy targets around the globe, Russia's goal for electricity generation from renewable sources is starkly diminutive. In 2009 the government set its sights on achieving 4.5% of power generation from renewable sources by 2020, but statements from officials over the past year indicate that, at most, Moscow is now only aiming for 2.5%. By comparison, fellow energy-rich Norway plans to boost wind power capacity alone by up to two gigawatts and Germany is aiming to produce 35% of its power from renewable sources by 2020. Even the European-laggard United Kingdom plans to hit the 15% mark by 2020. In this context, it is worth noting that Russia obtains a significant portion of its electricity from large-scale hydropower, which Russian policy makers do not consider a renewable energy source for the purpose of calculating Russia's renewable energy targets.

Please see full issue below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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