Although the passage of a U.S. bill to cap greenhouse gas emissions in 2010 was far from certain, the election of a Republican in Massachusetts to the Senate on Tuesday derailed any momentum President Obama had following his healthcare push toward introducing a cap-and-trade scheme this year.

This, coupled with a disappointing UN climate summit in the Danish capital last month where leaders from over 190 countries failed to agree a legally-binding pact to succeed the Kyoto Protocol, is causing concern for some clean energy project developers and forcing them to reassess their game plan.

"I'm not as bullish as I was a year ago," said Sascha Lafeld, an executive board member at First Climate AG. "The U.S. pre-compliance market is cautiously developing, so our strategy is also one of caution ... We're on hold, we'll keep our two U.S. offices open but we're not expanding this year."


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Source: http://uk.reuters.com/article/idUKTRE60L4DE20100122