The good news for Britain’s energy supply is that the sheer scale of the recession has cut our electricity demand and carbon emissions. An impending energy security crunch has been postponed.
The bad news is that the recession will almost certainly delay investment in Britain’s energy infrastructure and encourage complacency.
Energy security is no longer something that we can take for granted. This week more than 100 people were arrested in Nottingham over a suspected plan to disrupt a nearby power station. Will there will be more disruptions at other coal-fired power stations or against new nuclear developments now that we know more about where they will be sited?
For the past two decades we have had ample reserves to absorb the shocks: now the margins are beginning to wear thin. Many of the existing power stations were built in the 1970s or earlier. All the coal-fired stations are more than 30 years old, as are most of the nuclear ones. They are all coming to the end of their lives and their reliability is inevitably beginning to suffer. Although significant numbers of gas power stations have been added, North Sea gas and oil supplies have been depleted at breakneck speed. After decades as an energy exporter, Britain now relies increasingly on imports of gas and coal.
Fast-forward to 2015 and the energy position could be precarious. By then the remaining coal power stations will be facing closure because of the pollution control requirements of the EU directive on large combustion plants. By then all except one of the existing nuclear stations will also be closed or facing closure. Having to replace so much coal and nuclear capacity in such a short period is unprecedented – except perhaps in wartime.
And at the same time because of the EU Renewables Directive the Government has committed itself to a crash programme to increase wind’s share of electricity generation from the current 5 per cent to perhaps 35 per cent by 2020. But not only will wind power do little to combat global climate change (the big issue is the projected increases in coal burn in China, India and developing countries), it is also expensive and may even reduce the security of supply. It is uncertain too. Few think that wind supply on this scale will be achieved – though, unsurprisingly, few politicians will admit this in public.
What will fill the gap and at the same time back up the intermittent wind? The answer appears to be gas, gas and more gas. We will be lucky if even a single new nuclear station comes on stream by 2020. The carbon emissions from new coal stations will need to be sequestrated underground, and that technology is not likely to be commercially available until well after 2020. So before 2020 it would have to be “unabated” coal – which sits uncomfortably with the climate change objectives.
The chances of enough gas stations being built on time are not looking good, so the gas will have to be imported, and at a time when across Europe everyone is dashing for gas too. The Russians are not increasing investment in new gas resources and doubts remain about their ability to meet Europe’s demand. Liquefied natural gas will be used to plug this gap, but the sources of supply are quite limited and again lots of other countries (especially the US and Japan) will want it too.
The scale of the investment required to plug the energy gap while pursuing renewables is enormous. The cost of building not only power stations, but also new transmission networks and gas storage facilities, fitting smart meters, developing an offshore wind industry and implementing energy efficiency measures will run to tens of billions, possibly more than £100billion in the next decade. Though the recession has brought a breathing space on the demand side of the equation, it has markedly worsened investment on the supply side. The credit crisis has made it harder and more expensive to finance investment; just when the investment is needed, finance has dried up.
This matters not only for customers – though they are likely to be paying a lot more. The rest of the economy depends on energy supply. Have a bit too much and we pay a small premium. Have too little and we pay a lot. These costs are the real burden on the economy and they are felt long before any physical interruption in supply. We should worry less about the lights going out and more about the costs to the economy of running our energy system on the edge.
Russia’s interruptions of its gas supplies to Europe for three weeks in January was another warning, as well as performance failures at our existing nuclear power stations. These may be isolated instances, but our vulnerability to such events indicates that all may not be entirely well with our energy systems.
Source - The Times
Showing posts with label carbon emissions. Show all posts
Showing posts with label carbon emissions. Show all posts
Sunday, 16 August 2009
Thursday, 6 August 2009
The future is bright for solar panels
The future is looking greener for investors as ambitious government targets for generating renewable energy are providing fund managers with new opportunities.
More than 30 per cent of the UK’s electricity could eventually be derived from renewable sources, according to the latest estimates, compared with just 5.5 per cent today. This would be twice the government’s legally-binding target of 15 per cent by 2020.
Much of this is expected to come from wind power but other sources, including biomass and tidal power, will also increasingly be drawn upon. The government plans to invest £100bn in the renewable energy sector, which could involve the creation of as many as 500,000 jobs. It has also set out new plans for reducing carbon emissions to help tackle climate change.
Fund managers say this increased commitment, together with a similar focus from the US, plus stronger moves towards clean energy from China, is welcome news for an industry that has been slow to take off – and has suffered more than others in the recent downturn.
Edward Guinness, one of the managers of Guinness Asset Management’s Alternative Energy Fund, says green energy companies were trading at a premium to the market before the downturn but were hit hard last year, particularly as funding dried up.
His fund lost 40 per cent in the year to the end of June, according to total return figures from Lipper.
A number of other renewable energy funds, most of which have been set up in the past couple of years, have had an equally difficult run. Lipper’s rankings show that, over the same period, BlackRock’s New Energy Investment Trust, the Premier Renewable Energy trust and the Jupiter Green Investment Trust all saw negative returns of at least 30 per cent.
But new opportunities now look to be arising, particularly in wind power .
“The area where government policy is really having an impact on our investing is on the wind side,” says Guinness. “The UK has much better resources in this area than in solar, and the government wants to make it easier to get planning permission.”
His fund typically invests in companies that derive at least 50 per cent of their business from either the manufacture and development of renewable energy generation or the improvement of energy efficiency.
Guinness says solar stocks performed well last month as demand started to pick up following a difficult 18 months, in which the prices for solar panels halved. The lower prices should trigger stronger growth, he says, while providers should also receive a boost from cheaper raw materials, lower manufacturing costs and improved subsidies.
Luciano Diana, portfolio manager of the Pictet Clean Energy fund, says wind power is more attractive than solar because it is much cheaper. He claims that, for the first time, there is a real push to new energy around the world.
“For a long time, it has just been Europe supporting it but now there is a big push from the US and also Chinese packages dedicated to cleaner energy,” he says.
Fund managers say much of the new government investment will be captured by the large utilities.
The Association of Investment Companies argues that moves to combat climate change should prove beneficial to some of the big utility and infrastructure investment companies.
John Murray, chairman of Ecofin, which invests in the utility and infrastructure sectors, says utilities have been largely oversold in recent months as investors have moved back into cyclical and recovery stocks. As a result, some companies in the sector are looking the cheapest they have been since 2003.
But, he points out: “Unlike in 2003, the fundamentals of the global utility sector are generally sound. Balance sheets are in relatively good shape and the utilities are proving that they are able to access long-term capital markets.”
Source - Financial Times
More than 30 per cent of the UK’s electricity could eventually be derived from renewable sources, according to the latest estimates, compared with just 5.5 per cent today. This would be twice the government’s legally-binding target of 15 per cent by 2020.
Much of this is expected to come from wind power but other sources, including biomass and tidal power, will also increasingly be drawn upon. The government plans to invest £100bn in the renewable energy sector, which could involve the creation of as many as 500,000 jobs. It has also set out new plans for reducing carbon emissions to help tackle climate change.
Fund managers say this increased commitment, together with a similar focus from the US, plus stronger moves towards clean energy from China, is welcome news for an industry that has been slow to take off – and has suffered more than others in the recent downturn.
Edward Guinness, one of the managers of Guinness Asset Management’s Alternative Energy Fund, says green energy companies were trading at a premium to the market before the downturn but were hit hard last year, particularly as funding dried up.
His fund lost 40 per cent in the year to the end of June, according to total return figures from Lipper.
A number of other renewable energy funds, most of which have been set up in the past couple of years, have had an equally difficult run. Lipper’s rankings show that, over the same period, BlackRock’s New Energy Investment Trust, the Premier Renewable Energy trust and the Jupiter Green Investment Trust all saw negative returns of at least 30 per cent.
But new opportunities now look to be arising, particularly in wind power .
“The area where government policy is really having an impact on our investing is on the wind side,” says Guinness. “The UK has much better resources in this area than in solar, and the government wants to make it easier to get planning permission.”
His fund typically invests in companies that derive at least 50 per cent of their business from either the manufacture and development of renewable energy generation or the improvement of energy efficiency.
Guinness says solar stocks performed well last month as demand started to pick up following a difficult 18 months, in which the prices for solar panels halved. The lower prices should trigger stronger growth, he says, while providers should also receive a boost from cheaper raw materials, lower manufacturing costs and improved subsidies.
Luciano Diana, portfolio manager of the Pictet Clean Energy fund, says wind power is more attractive than solar because it is much cheaper. He claims that, for the first time, there is a real push to new energy around the world.
“For a long time, it has just been Europe supporting it but now there is a big push from the US and also Chinese packages dedicated to cleaner energy,” he says.
Fund managers say much of the new government investment will be captured by the large utilities.
The Association of Investment Companies argues that moves to combat climate change should prove beneficial to some of the big utility and infrastructure investment companies.
John Murray, chairman of Ecofin, which invests in the utility and infrastructure sectors, says utilities have been largely oversold in recent months as investors have moved back into cyclical and recovery stocks. As a result, some companies in the sector are looking the cheapest they have been since 2003.
But, he points out: “Unlike in 2003, the fundamentals of the global utility sector are generally sound. Balance sheets are in relatively good shape and the utilities are proving that they are able to access long-term capital markets.”
Source - Financial Times
Sunday, 28 June 2009
New property will be installed with solar panels
Solar panels should be a fundamental part of all future housing stock built in the UK, the National Energy Foundation (NEF) believes.
The organisation, which helps homes and businesses to reduce their carbon emissions by pursuing energy efficiency measures, also called for new residences to be better insulated to reduce energy consumption.
A spokesperson for the NEF said that biomass could also be a “significant” technology for helping to lower emissions tied to the nation’s energy consumption, but suggested that it is limited by how much feedstock can be grown.
“Solar is an infinite quantity,” he added. “Every single property that is built in the UK, if it doesn’t have solar panels on it then I ask, ‘Why?’”
His comments came after research from UK Climate Projections warned that t
Source - Low Carbon Economy
The organisation, which helps homes and businesses to reduce their carbon emissions by pursuing energy efficiency measures, also called for new residences to be better insulated to reduce energy consumption.
A spokesperson for the NEF said that biomass could also be a “significant” technology for helping to lower emissions tied to the nation’s energy consumption, but suggested that it is limited by how much feedstock can be grown.
“Solar is an infinite quantity,” he added. “Every single property that is built in the UK, if it doesn’t have solar panels on it then I ask, ‘Why?’”
His comments came after research from UK Climate Projections warned that t
Source - Low Carbon Economy
Wednesday, 27 May 2009
Professor Steven Chu: paint the world white to fight global warming
As a weapon against global warming, it sounds so simple and low-tech that it could not possibly work. But the idea of using millions of buckets of whitewash to avert climate catastrophe has won the backing of one of the world’s most influential scientists.
Steven Chu, the Nobel prize-winning physicist appointed by President Obama as Energy Secretary, wants to paint the world white. A global initiative to change the colour of roofs, roads and pavements so that they reflect more sunlight and heat could play a big part in containing global warming, he said yesterday.
Speaking at the opening of the St James’s Palace Nobel Laureate Symposium, for which The Times is media partner, Professor Chu said that this approach could have a vast impact. By lightening paved surfaces and roofs to the colour of cement, it would be possible to cut carbon emissions by as much as taking all the world’s cars off the roads for 11 years, he said.
Building regulations should insist that all flat roofs were painted white, and visible tilted roofs could be painted with “cool-coloured” paints that looked normal, but which absorbed much less heat than conventional dark surfaces. Roads could be lightened to a concrete colour so they would not dazzle drivers in bright sunlight. “I think with flat-type roofs you can’t even see, yes, I think you should regulate,” Professor Chu said.
Pale surfaces reflect up to 80 per cent of the sunlight that falls on them, compared with about 20 per cent for dark ones, which is why roofs and walls in hot countries are often whitewashed. An increase in pale surfaces would help to contain climate change both by reflecting more solar radiation into space and by reducing the amount of energy needed to keep buildings cool by air-conditioning.
Professor Chu said that his thinking had been influenced by Art Rosenfeld, a member of the California Energy Commission, who drove through tough new building rules in the state. Since 2005 California has required all flat roofs on commercial buildings to be white; the measure is being expanded to require cool colours on all residential and pitched roofs.
Dr Rosenfeld is also a physicist at the Lawrence Berkeley National Laboratory in California, of which Professor Chu was director. Last year Dr Rosenfeld and two colleagues from the laboratory, Hashem Akbari and Surabi Menon, calculated that changing surface colours in 100 of the world’s largest cities could save the equivalent of 44 billion tonnes of carbon dioxide — about as much as global carbon emissions are expected to rise by over the next decade.
Professor Chu said: “There’s a friend of mine, a colleague of mine, Art Rosenfeld, who’s pushing very hard for a geo-engineering we all believe will be completely benign, and that’s when you have a flat-top roof building, make it white.
“Now, you smile, but he’s done a calculation, and if you take all the buildings and make their roofs white and if you make the pavement more of a concrete type of colour rather than a black type of colour, and you do this uniformly . . . it’s the equivalent of reducing the carbon emissions due to all the cars on the road for 11 years.”
The US needed to increase its investment in clean energy research, he said, citing high-tech industries that spent 10 to 20 per cent of their income on research. The US was spending $1 trillion on generating electricity, but “nothing like” the $100 billion to $200 billion on research that would meet that standard, he said.
Source - The Times
Steven Chu, the Nobel prize-winning physicist appointed by President Obama as Energy Secretary, wants to paint the world white. A global initiative to change the colour of roofs, roads and pavements so that they reflect more sunlight and heat could play a big part in containing global warming, he said yesterday.
Speaking at the opening of the St James’s Palace Nobel Laureate Symposium, for which The Times is media partner, Professor Chu said that this approach could have a vast impact. By lightening paved surfaces and roofs to the colour of cement, it would be possible to cut carbon emissions by as much as taking all the world’s cars off the roads for 11 years, he said.
Building regulations should insist that all flat roofs were painted white, and visible tilted roofs could be painted with “cool-coloured” paints that looked normal, but which absorbed much less heat than conventional dark surfaces. Roads could be lightened to a concrete colour so they would not dazzle drivers in bright sunlight. “I think with flat-type roofs you can’t even see, yes, I think you should regulate,” Professor Chu said.
Pale surfaces reflect up to 80 per cent of the sunlight that falls on them, compared with about 20 per cent for dark ones, which is why roofs and walls in hot countries are often whitewashed. An increase in pale surfaces would help to contain climate change both by reflecting more solar radiation into space and by reducing the amount of energy needed to keep buildings cool by air-conditioning.
Professor Chu said that his thinking had been influenced by Art Rosenfeld, a member of the California Energy Commission, who drove through tough new building rules in the state. Since 2005 California has required all flat roofs on commercial buildings to be white; the measure is being expanded to require cool colours on all residential and pitched roofs.
Dr Rosenfeld is also a physicist at the Lawrence Berkeley National Laboratory in California, of which Professor Chu was director. Last year Dr Rosenfeld and two colleagues from the laboratory, Hashem Akbari and Surabi Menon, calculated that changing surface colours in 100 of the world’s largest cities could save the equivalent of 44 billion tonnes of carbon dioxide — about as much as global carbon emissions are expected to rise by over the next decade.
Professor Chu said: “There’s a friend of mine, a colleague of mine, Art Rosenfeld, who’s pushing very hard for a geo-engineering we all believe will be completely benign, and that’s when you have a flat-top roof building, make it white.
“Now, you smile, but he’s done a calculation, and if you take all the buildings and make their roofs white and if you make the pavement more of a concrete type of colour rather than a black type of colour, and you do this uniformly . . . it’s the equivalent of reducing the carbon emissions due to all the cars on the road for 11 years.”
The US needed to increase its investment in clean energy research, he said, citing high-tech industries that spent 10 to 20 per cent of their income on research. The US was spending $1 trillion on generating electricity, but “nothing like” the $100 billion to $200 billion on research that would meet that standard, he said.
Source - The Times
Thursday, 21 May 2009
Looming energy gap according to energy industry leaders
The UK must avoid being lured into a new dash for gas as it seeks to bridge a looming power generation gap, according to energy industry leaders.
Ministers and the industry are committed to a range of power-generation options, from nuclear and cleaner coal through gas to renewables and energy saving, but striking the right balance may not be easy. New nuclear reactors are the best part of a decade away, even on optimistic assumptions. Coal is controversial and its future looks to be closely tied to the ability to develop carbon capture and storage. In terms of generation, that leaves gas and renewables to take the strain as a raft of ageing or environmentally unacceptable generating plant is taken out of service.
David Porter, chief executive of the Association of Electricity Producers, argues that in the long run Britain “could be well very well provided with a diverse range of technologies for power generation”. The problem is the near term: around a third of the UK’s generating capacity may need to be replaced by 2015. Some analysts believe the crunch could come earlier.
“At the moment companies are having to go ahead with what looks to be easiest,” Porter says. “Despite supply scares and price volatility, gas-fired generation is still easier to do than most.”
Recent developments back his view. The government has just given the green light to three gas-fired power plants, including a 2 gigawatt power station in Pembrokeshire.
Ian Marchant, chief executive of Scottish and Southern Energy, said this month that Britain will lose 14 to 18GW of capacity by 2015. He told the Commons business and enterprise committee that some 7GW of gas generating capacity was under construction and another 6GW had been given the go-ahead. That is balanced by some 46 renewable projects, providing about 5 megawatts of power generation.
Paul Golby, chief executive of E.ON UK, said last week that it was vital the UK maintained a variety of options: “Clearly gas has an important part to play, both in the near and the medium term. But we can’t become overly reliant on a single form of power generation if we’re to ensure security of supply, reduce our carbon emissions and ensure energy remains affordable for our customers.
“The only way we can do that is to, yes, build gas-fired power stations… But we also need to ramp up our renewable build, create a new generation of cleaner and, eventually, clean coal-fired power stations - and, longer term, replace the UK’s nuclear fleet. To become overly reliant on a single fuel - and one that will, in the next decade or so, become 80% imported - is simply too dangerous.”
Centrica chief executive Sam Laidlaw says this winter’s row between Russia and Ukraine has brought security of supply issues sharply back into focus and that the UK needs to develop diverse sources of gas as its dependence on imports increases. “Russia will play a role in the long term… but also more LNG [liquefied natural gas] coming from other sources has to be the answer so we aren’t dependent on one source. But, thinking about power generation, we can’t have another dash for gas.”
EDF has placed a multi-billion-pound bet on the development of a new generation of nuclear power in the UK through its acquisition of British Energy. Its UK subsidiary, EDF Energy, plans to build four new nuclear reactors and is aiming to have the first coming on stream at the end of 2017. In the meantime, the company is building a 1.3GW gas plant in Nottinghamshire. “Until nuclear can come on line, it is likely that much of the energy gap will be filled by new ‘combined-cycle’ gas turbines, as these are relatively cheap, quick to build and flexible, meaning they are able to respond to market prices,” the company says.
Gas and renewables, notably wind, can be complementary, rather than alternatives, with gas taking on the back-up role as more wind generation comes on stream. A key test, however, is whether companies will be able to secure returns on their investment in gas if the plant runs only to supplement wind power.
Money is an issue. Ian Parrett from energy analyst Inenco says: “Funding difficulties in the current economic climate are resulting in new generating capacity being delayed or even shelved. The UK’s lack of gas storage leaves the country running the risk of being held to ransom and forced to pay a premium for gas in a highly volatile market.”
Ministers and the industry are committed to a range of power-generation options, from nuclear and cleaner coal through gas to renewables and energy saving, but striking the right balance may not be easy. New nuclear reactors are the best part of a decade away, even on optimistic assumptions. Coal is controversial and its future looks to be closely tied to the ability to develop carbon capture and storage. In terms of generation, that leaves gas and renewables to take the strain as a raft of ageing or environmentally unacceptable generating plant is taken out of service.
David Porter, chief executive of the Association of Electricity Producers, argues that in the long run Britain “could be well very well provided with a diverse range of technologies for power generation”. The problem is the near term: around a third of the UK’s generating capacity may need to be replaced by 2015. Some analysts believe the crunch could come earlier.
“At the moment companies are having to go ahead with what looks to be easiest,” Porter says. “Despite supply scares and price volatility, gas-fired generation is still easier to do than most.”
Recent developments back his view. The government has just given the green light to three gas-fired power plants, including a 2 gigawatt power station in Pembrokeshire.
Ian Marchant, chief executive of Scottish and Southern Energy, said this month that Britain will lose 14 to 18GW of capacity by 2015. He told the Commons business and enterprise committee that some 7GW of gas generating capacity was under construction and another 6GW had been given the go-ahead. That is balanced by some 46 renewable projects, providing about 5 megawatts of power generation.
Paul Golby, chief executive of E.ON UK, said last week that it was vital the UK maintained a variety of options: “Clearly gas has an important part to play, both in the near and the medium term. But we can’t become overly reliant on a single form of power generation if we’re to ensure security of supply, reduce our carbon emissions and ensure energy remains affordable for our customers.
“The only way we can do that is to, yes, build gas-fired power stations… But we also need to ramp up our renewable build, create a new generation of cleaner and, eventually, clean coal-fired power stations - and, longer term, replace the UK’s nuclear fleet. To become overly reliant on a single fuel - and one that will, in the next decade or so, become 80% imported - is simply too dangerous.”
Centrica chief executive Sam Laidlaw says this winter’s row between Russia and Ukraine has brought security of supply issues sharply back into focus and that the UK needs to develop diverse sources of gas as its dependence on imports increases. “Russia will play a role in the long term… but also more LNG [liquefied natural gas] coming from other sources has to be the answer so we aren’t dependent on one source. But, thinking about power generation, we can’t have another dash for gas.”
EDF has placed a multi-billion-pound bet on the development of a new generation of nuclear power in the UK through its acquisition of British Energy. Its UK subsidiary, EDF Energy, plans to build four new nuclear reactors and is aiming to have the first coming on stream at the end of 2017. In the meantime, the company is building a 1.3GW gas plant in Nottinghamshire. “Until nuclear can come on line, it is likely that much of the energy gap will be filled by new ‘combined-cycle’ gas turbines, as these are relatively cheap, quick to build and flexible, meaning they are able to respond to market prices,” the company says.
Gas and renewables, notably wind, can be complementary, rather than alternatives, with gas taking on the back-up role as more wind generation comes on stream. A key test, however, is whether companies will be able to secure returns on their investment in gas if the plant runs only to supplement wind power.
Money is an issue. Ian Parrett from energy analyst Inenco says: “Funding difficulties in the current economic climate are resulting in new generating capacity being delayed or even shelved. The UK’s lack of gas storage leaves the country running the risk of being held to ransom and forced to pay a premium for gas in a highly volatile market.”
Thursday, 7 May 2009
China ready for post-Kyoto deal on climate change
China is ready to abandon its resistance to limits on its carbon emissions and wants to reach an international deal to fight global warming, the Guardian has learned.
According to Britain's climate change secretary, Ed Miliband, who met senior officials in Beijing this week, China is ready to "do business" with developed countries to reach an agreement to replace the Kyoto treaty.
Miliband said he was encouraged by the change in tone since late last year in the country that emits more greenhouse gases than any other. "I think they're up for a deal. I get the strong impression that they want an agreement," he told the Guardian.
"They see the impact of climate change on China and they know the world is moving towards a low-carbon economy and see the business opportunities that will come with that."
The shift in the Chinese position significantly improves the chances of an agreement being reached when world leaders meet in Copenhagen in December to negotiate a deal that scientists say is critical if dangerous warming is to be avoided.
While Britain and the European Union – which have a large historical responsibility for greenhouse gas emissions – are pushing for ambitious reduction targets at home, no global climate deal will be possible in Copenhagen without the agreement of China and the US, which together are responsible for more than 40% of the world's annual carbon emissions.
China's official negotiating position is unchanged, but the government is understood to be preparing a set of targets up to and beyond 2020 to lower the country's "carbon intensity". This translates to cutting the emissions needed to produce each unit of economic growth.
Miliband said Barack Obama's pledge to reduce US emissions to 1990 levels by 2020 has unblocked the international negotiating process.
"China used to think the developed world is not serious. That's what they were saying [at UN talks] in December," he said. "But now they know the US is on the pitch and ready to engage with them. It has made a real difference to what China is saying."
His comments echoed the message from Chinese officials. Su Wei, a senior negotiator, told the Guardian last month that the US had made a "substantive change" under the Obama administration.
"The message we have got is that the current US administration takes climate change seriously, that it recognises its historical responsibility and that it has the capacity to help developing countries address climate change," Su said.
But while the tone may have changed, there is still a long way to go before agreement can be reached on specifics.
China wants developed nations to commit to more ambitious reduction targets, to share low-carbon technology and to set up a UN fund that would buy related intellectual property rights for use across the world. Beijing's position is complicated by the fact that it already owns a large share of the patents for wind and solar energy in developed nations.
Europe and the US accept the Chinese economy should be allowed to grow further, improving the living standards of its millions of poor, before it makes overall emissions reductions. Instead, the western nations are pushing for strong measures to improve efficiency and establish caps for certain industries. One possibility being considered by Chinese officials is to set a carbon intensity goal up to 2040 that would include energy efficiency, renewable energy, transport and afforestation.
"It would be very welcome for China to set a commitment for carbon intensity," said Miliband. "It would send a signal around the world."
He was visiting Minqin county, a remote area in north-western China threatened by desertification and drought. Along with the melting of the Himalayan glaciers, the spread of deserts and the shortage of water have highlighted the destructive impact of unsustainable development and climate change.
"We're very concerned about climate change," said Xu Wenshan, the deputy mayor of Wuwei, at a welcome banquet. "Living in such an ecologically fragile area, we will feel the impact directly if there is a further rise in the temperature."
Jim Watson, of the UK's Tyndall Centre for Climate Change Research, said it had become the mainstream view in China that global warming was caused by human activity, which was not the view five years ago.
"We see significant policy shifts and encouraging developments in technology, for example phenomenal development of wind power and plug-in cars. That could be a sign of things to come," he said. "My impression is that although the negotiators haven't moved ground officially, there are a hell of a lot of new ideas. They are very interested in low-carbon economy."
Last month, the Tyndale centre published research showing that it was possible for China to begin reducing its total emissions from 2020.
Government officials say that is unrealistic and China has so far resisted announcing a target for when emissions might peak. But the authorities tend towards the later end of the various academic forecasts of between 2020 and 2040.
Watson noted that if emissions are measured on a historical per-capita basis, China is 78th in the world rather than first.
Source - The Guardian
According to Britain's climate change secretary, Ed Miliband, who met senior officials in Beijing this week, China is ready to "do business" with developed countries to reach an agreement to replace the Kyoto treaty.
Miliband said he was encouraged by the change in tone since late last year in the country that emits more greenhouse gases than any other. "I think they're up for a deal. I get the strong impression that they want an agreement," he told the Guardian.
"They see the impact of climate change on China and they know the world is moving towards a low-carbon economy and see the business opportunities that will come with that."
The shift in the Chinese position significantly improves the chances of an agreement being reached when world leaders meet in Copenhagen in December to negotiate a deal that scientists say is critical if dangerous warming is to be avoided.
While Britain and the European Union – which have a large historical responsibility for greenhouse gas emissions – are pushing for ambitious reduction targets at home, no global climate deal will be possible in Copenhagen without the agreement of China and the US, which together are responsible for more than 40% of the world's annual carbon emissions.
China's official negotiating position is unchanged, but the government is understood to be preparing a set of targets up to and beyond 2020 to lower the country's "carbon intensity". This translates to cutting the emissions needed to produce each unit of economic growth.
Miliband said Barack Obama's pledge to reduce US emissions to 1990 levels by 2020 has unblocked the international negotiating process.
"China used to think the developed world is not serious. That's what they were saying [at UN talks] in December," he said. "But now they know the US is on the pitch and ready to engage with them. It has made a real difference to what China is saying."
His comments echoed the message from Chinese officials. Su Wei, a senior negotiator, told the Guardian last month that the US had made a "substantive change" under the Obama administration.
"The message we have got is that the current US administration takes climate change seriously, that it recognises its historical responsibility and that it has the capacity to help developing countries address climate change," Su said.
But while the tone may have changed, there is still a long way to go before agreement can be reached on specifics.
China wants developed nations to commit to more ambitious reduction targets, to share low-carbon technology and to set up a UN fund that would buy related intellectual property rights for use across the world. Beijing's position is complicated by the fact that it already owns a large share of the patents for wind and solar energy in developed nations.
Europe and the US accept the Chinese economy should be allowed to grow further, improving the living standards of its millions of poor, before it makes overall emissions reductions. Instead, the western nations are pushing for strong measures to improve efficiency and establish caps for certain industries. One possibility being considered by Chinese officials is to set a carbon intensity goal up to 2040 that would include energy efficiency, renewable energy, transport and afforestation.
"It would be very welcome for China to set a commitment for carbon intensity," said Miliband. "It would send a signal around the world."
He was visiting Minqin county, a remote area in north-western China threatened by desertification and drought. Along with the melting of the Himalayan glaciers, the spread of deserts and the shortage of water have highlighted the destructive impact of unsustainable development and climate change.
"We're very concerned about climate change," said Xu Wenshan, the deputy mayor of Wuwei, at a welcome banquet. "Living in such an ecologically fragile area, we will feel the impact directly if there is a further rise in the temperature."
Jim Watson, of the UK's Tyndall Centre for Climate Change Research, said it had become the mainstream view in China that global warming was caused by human activity, which was not the view five years ago.
"We see significant policy shifts and encouraging developments in technology, for example phenomenal development of wind power and plug-in cars. That could be a sign of things to come," he said. "My impression is that although the negotiators haven't moved ground officially, there are a hell of a lot of new ideas. They are very interested in low-carbon economy."
Last month, the Tyndale centre published research showing that it was possible for China to begin reducing its total emissions from 2020.
Government officials say that is unrealistic and China has so far resisted announcing a target for when emissions might peak. But the authorities tend towards the later end of the various academic forecasts of between 2020 and 2040.
Watson noted that if emissions are measured on a historical per-capita basis, China is 78th in the world rather than first.
Source - The Guardian
Wednesday, 29 April 2009
The Gas Company to Award Metropolitan Transportation Authority More Than $600,000 for Adoption of Solar Power, Energy Efficiency
As the Obama Administration pushes for increased use of renewables in the fight against global warming, Southern California Gas Co. (The Gas Company) announced today it expects to award incentives of up to $633,000 to the Los Angeles County Metropolitan Transportation Authority (Metro) for installing the nation's largest solar photovoltaic system at a transit facility, as well as a state-of-the-art energy management system.
The 6,720 solar panels at Metro's Support Service Center in downtown Los Angeles -- Metro's central maintenance facility for busses -- represent the largest solar installation in the City of Los Angeles, with a capability of generating 1.2 megawatts of power. Metro expects to cut the facility's annual $1.1 million energy bill in half with the system and reduce carbon emissions by more than 3,700 metric tons -- the equivalent of taking 600 cars off the road.
Metro also installed new heating, ventilation and air-conditioning systems, and compressed air systems, and replaced about 4,000 lighting fixtures, all controlled by a state-of-the-art energy management system.
Metro qualified for the incentives by participating in The Gas Company's Self-Generation Incentive and Business Energy-efficiency programs. Both are state-sponsored programs that provide financial incentives to businesses for generating their own electricity on site and improving energy efficiency.
"Thanks, in part, to The Gas Company's incentives, Los Angeles is now one step closer to becoming the solar capital of the United States," said Los Angeles Mayor and Metro Board Chair Antonio Villaraigosa. "Today's unveiling of the city's largest solar-powered facility will not only generate clean, renewable energy, but will provide the kinds of green jobs that this economy so desperately needs."
"The Gas Company has awarded more than $70 million since 2001 to customers installing electric-generation systems, providing the state with 77 megawatts of much-needed generation -- enough to power about 50,000 homes," said Hal D. Snyder, vice president of customer solutions for The Gas Company. "Over the past 18 years, our energy-efficiency programs have helped customers conserve more than 386 million therms of natural gas, or enough to supply energy to more than 770,000 homes for one year, at a cost savings of more than $320 million.
"We commend Metro for its leadership in the use of renewable energy and energy-efficient equipment, reducing costs and helping California meet its greenhouse-gas emissions-reduction goals," said Snyder.
The Metro Support Service Center is used for the central maintenance of Metro's bus fleet, which includes more than 2,500 compressed natural gas-fueled busses. Spanning 27 acres, the 400,000-square foot facility consists of five separate buildings where technicians and mechanics keep Metro's bus fleet in all of the agency's 11 operating divisions in top condition.
For more information on The Gas Company's energy-efficiency and self-generation incentive programs, customers can visit the utility's Web site at www.socalgas.com/business.
Southern California Gas Co. has been delivering clean, safe and reliable natural gas to its customers for more than 140 years. It is the nation's largest natural gas distribution utility, providing safe and reliable energy to 20.5 million consumers through 5.7 million meters in more than 500 communities. The company's service territory encompasses approximately 20,000 square miles in diverse terrain throughout Central and Southern California, from Visalia to the Mexican border. The Gas Company is a regulated subsidiary of Sempra Energy (NYSE: SRE). Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company.
Source - marketwire
The 6,720 solar panels at Metro's Support Service Center in downtown Los Angeles -- Metro's central maintenance facility for busses -- represent the largest solar installation in the City of Los Angeles, with a capability of generating 1.2 megawatts of power. Metro expects to cut the facility's annual $1.1 million energy bill in half with the system and reduce carbon emissions by more than 3,700 metric tons -- the equivalent of taking 600 cars off the road.
Metro also installed new heating, ventilation and air-conditioning systems, and compressed air systems, and replaced about 4,000 lighting fixtures, all controlled by a state-of-the-art energy management system.
Metro qualified for the incentives by participating in The Gas Company's Self-Generation Incentive and Business Energy-efficiency programs. Both are state-sponsored programs that provide financial incentives to businesses for generating their own electricity on site and improving energy efficiency.
"Thanks, in part, to The Gas Company's incentives, Los Angeles is now one step closer to becoming the solar capital of the United States," said Los Angeles Mayor and Metro Board Chair Antonio Villaraigosa. "Today's unveiling of the city's largest solar-powered facility will not only generate clean, renewable energy, but will provide the kinds of green jobs that this economy so desperately needs."
"The Gas Company has awarded more than $70 million since 2001 to customers installing electric-generation systems, providing the state with 77 megawatts of much-needed generation -- enough to power about 50,000 homes," said Hal D. Snyder, vice president of customer solutions for The Gas Company. "Over the past 18 years, our energy-efficiency programs have helped customers conserve more than 386 million therms of natural gas, or enough to supply energy to more than 770,000 homes for one year, at a cost savings of more than $320 million.
"We commend Metro for its leadership in the use of renewable energy and energy-efficient equipment, reducing costs and helping California meet its greenhouse-gas emissions-reduction goals," said Snyder.
The Metro Support Service Center is used for the central maintenance of Metro's bus fleet, which includes more than 2,500 compressed natural gas-fueled busses. Spanning 27 acres, the 400,000-square foot facility consists of five separate buildings where technicians and mechanics keep Metro's bus fleet in all of the agency's 11 operating divisions in top condition.
For more information on The Gas Company's energy-efficiency and self-generation incentive programs, customers can visit the utility's Web site at www.socalgas.com/business.
Southern California Gas Co. has been delivering clean, safe and reliable natural gas to its customers for more than 140 years. It is the nation's largest natural gas distribution utility, providing safe and reliable energy to 20.5 million consumers through 5.7 million meters in more than 500 communities. The company's service territory encompasses approximately 20,000 square miles in diverse terrain throughout Central and Southern California, from Visalia to the Mexican border. The Gas Company is a regulated subsidiary of Sempra Energy (NYSE: SRE). Sempra Energy, based in San Diego, is a Fortune 500 energy services holding company.
Source - marketwire
Tuesday, 21 April 2009
Budget to include £500m spending on reducing carbon emissions
Alistair Darling will use this week's budget to announce an extra £500m of government spending on reducing carbon emissions, including a pledge of £40m to top up and keep open a grants programme for renewable-energy technologies.
The chancellor has been coming under increasing pressure from Britain's fledgling renewables industry not to allow a key part of the controversial low carbon buildings programme to come to an end this summer, nearly a year before a new support system offering a feed-in tariff kicks in.
The industry has been warning that many small companies that install solar panels, wind turbines or biomass boilers would go out of business if the LCBP were closed. In any case, the programme's budget was significantly underspent and firms were worried that the unspent money – over £20m – would be reallocated elsewhere.
Firms have already been laying off staff due to the recession and the fact that grants for the LCBP's most popular technology – solar photovoltaics – have already been suspended because the PV part of the grant pot had been spent.
But Darling is understood to be determined to make good on the government's rhetoric that it wants a "green jobs revolution" and will make money available on Wednesday despite the dire state of public finances.
November's pre-budget report provided a green stimulus of about £500m in total. This week's budget is expected to deliver a further £500m, plus other policy measures that will support billions in investment in low-carbon industries and secure tens of thousands of jobs.
Ministers believe the new funding will provide much needed support for the renewable supply chain in the lead-up to the introduction of feed-in tariffs for electricity in 2010 and the renewable heat incentive in 2012.
Industry representatives gave a cautious welcome to the news. "This is good news but we will need to see the detail," said Seb Berry, spokesman for solar panel company Solarcentury. "We look forward to sitting down with the government to work through how the money can be spent."
Several companies and campaign groups are planning to deliver a petition to Downing Street today demanding that the government put greater support for renewable energy in place. Britain is the second-worst performer in the European Union in terms of the amount of energy coming from renewables, and is a long way behind Germany, Denmark, Spain and Portugal.
Source - The guardian
The chancellor has been coming under increasing pressure from Britain's fledgling renewables industry not to allow a key part of the controversial low carbon buildings programme to come to an end this summer, nearly a year before a new support system offering a feed-in tariff kicks in.
The industry has been warning that many small companies that install solar panels, wind turbines or biomass boilers would go out of business if the LCBP were closed. In any case, the programme's budget was significantly underspent and firms were worried that the unspent money – over £20m – would be reallocated elsewhere.
Firms have already been laying off staff due to the recession and the fact that grants for the LCBP's most popular technology – solar photovoltaics – have already been suspended because the PV part of the grant pot had been spent.
But Darling is understood to be determined to make good on the government's rhetoric that it wants a "green jobs revolution" and will make money available on Wednesday despite the dire state of public finances.
November's pre-budget report provided a green stimulus of about £500m in total. This week's budget is expected to deliver a further £500m, plus other policy measures that will support billions in investment in low-carbon industries and secure tens of thousands of jobs.
Ministers believe the new funding will provide much needed support for the renewable supply chain in the lead-up to the introduction of feed-in tariffs for electricity in 2010 and the renewable heat incentive in 2012.
Industry representatives gave a cautious welcome to the news. "This is good news but we will need to see the detail," said Seb Berry, spokesman for solar panel company Solarcentury. "We look forward to sitting down with the government to work through how the money can be spent."
Several companies and campaign groups are planning to deliver a petition to Downing Street today demanding that the government put greater support for renewable energy in place. Britain is the second-worst performer in the European Union in terms of the amount of energy coming from renewables, and is a long way behind Germany, Denmark, Spain and Portugal.
Source - The guardian
South Korea lights the way on carbon emissions with its £23bn green deal
The secretary for future vision is considering how many South Koreans it takes to change a million lightbulbs. No joke.
Kim Sang-hyo, the president's extravagantly titled right-hand man, is trying to create more than 940,000 green jobs and improve his country's energy efficiency at the same time. Switching every bulb in every public building in South Korea to light-emitting diodes by the end of this year is one, very small, element in the master plan of what has been described as the greenest new deal on the planet.
Since the start of the financial crisis last year, governments across the globe have been talking up the environmental content of their fiscal stimulus programmes and being judged by their efforts to save the planet. US president Barack Obama and the Chinese government have been praised for their ambitious plans to invest in renewable power, clean transport and energy-efficient buildings. Britain, by contrast, has been castigated for the relatively miserly sums it has so far committed to green projects. Alistair Darling's budget tomorrow will be closely scrutinised from the same perspective.
But no matter what the UK promises, it will pale in comparison with the green boasts of South Korea's 50tn won (£23bn) plan. According to an international ranking by the bank HSBC, 81% of the money is earmarked for green projects, easily the highest proportion in the world and vastly more than the 7% share in the UK.
So how will South Korea spend all that money? The first challenge for Kim is co-ordinating how this huge sum - equivalent to 2.6% of GDP - should be doled out. He must face both drooling construction industry conglomerates and suspicious environmental groups while creating jobs and lifting a nosediving economy. Many Koreans believe the apparently green spending will turn out to be heavily grey.
At his office in the presidential Blue House, Kim says he is tasked with a fundamental restructuring of the South Korean economy and energy structure, which is 97% dependent on expensive imported fuel. "The president realises that now is the time for change," he says.
Over the next four years, the government promises to build a million green homes, improve the energy efficiency of a million more, invest £1.2bn on research into low-carbon technologies and spend £4.8bn on high-speed railways and other forms of "clean" transport.
More than 2,500 miles of bicycle expressways will be built, including a 175-mile stretch alongside the demilitarised zone boundary with North Korea. By 2020, expanded subway, railway and electric car ownership is expected to reduce greenhouse gases from transport by 20%. The forestry sector will employ an extra 50,000 people to increase carbon sink capacity and build the country's first wood pellet fuel mill.
The UN secretary general, Ban Ki-moon, has praised the example set by his homeland. But environmental groups warn the plan is not nearly as green as it seems.
The biggest and most controversial item of expenditure is the "renewal" of four rivers, ostensibly to reduce the risk of drought. The project is likely to mean more dams and concrete embankments. Critics suspect it will be used as a cover to push through the president's widely opposed goal of building a canal through the centre of the country. There are fears too that developers will use the excuse of "ecohome" building to tear up strips of green belt outside Seoul.
Many also question the wisdom of building long-distance cycle paths they think will benefit the cement industry more than the environment.
"This is just old-style fiscal spending with a new label. At the end of this 'green new deal', Korea will definitely be a greyer country," said Oh Sung-kyu, general secretary of the Citizen's Movement for Environmental Justice. "The problem is that in Korea, jobs equals concrete."
With few specific details about how the money will be spent and no estimate of the impact on carbon emissions, environmental auditing of the plan is difficult. Diplomats and local journalists said the true amount of green spending was likely to be far below 81%. In the short term, some suggest, South Korea's carbon footprint could even go up as a result of the burst of construction. But Kim denies these accusations. "Our projects are all related to lowering emissions. They will definitely reduce our carbon emissions."
President Lee Myung-bak may have a long way to go before he can persuade sceptics that he has turned over a green new leaf. Lee is a former head of Hyundai Construction, one of the world's biggest cement pourers. As mayor of Seoul, his best-known "green" project was the development of Cheongye stream, which was uncovered and now runs on a concrete bed, beside concrete walkways and neon-illuminated concrete walls.
Concern for the environment has traditionally been a low priority in South Korea's development, which has long centred on energy-intensive heavy industry. Green groups say the world's 13th biggest economy pours almost twice as much cement as Japan and is three times worse for energy inefficiency.
However, the business-oriented president says the country must turn green to improve its corporate competitiveness. To sell his green growth plans to the nation's conglomerates - known as chaebol - he has stressed that moving early on low-carbon technology will give South Korea a head start over rivals around the world.
Hi-tech companies, such as Samsung, Hyundai and SK, have already begun investing in energy-saving technologies that use their expertise in semi-conductors and information technology.
The government hopes to accelerate the move to green-tech powerhouses by offering incentives and support for research and development. Hyundai and Kia will get financial support to develop electric and hybrid vehicles. South Korea also aims to be the first country in the world to have a "smart national grid" that uses information technology to maximise the efficiency of electricity transmission.
Given the huge sums spent in other areas, the renewable energy spending share of South Korea's green new deal is a disappointingly low £80m, mostly on solar-powered homes, photovoltaic heating and geothermal power sources for apartment blocks. Part of the reason is that the government had previously announced plans to invest 37tn won from 2009 to 2022 on new power plants, including 12 nuclear plants, to improve fuel efficiency and lower emissions.
Government advisers say South Korea's relatively small and crowded land area limits the potential for large-scale wind and solar projects and the rivers have far less hydro-power potential than those in China and the US. But even before the green new deal, engineers had begun work on the world's biggest tidal power plant. When it is finished later this year, the 254MW capacity plant at Siwha will supply the energy equivalent of 862,000 barrels of oil a year. A three times bigger tidal power plant is planned at Ganghwa.
Over the next 20 years, the government says it will invest 110tn won in renewables so that by 2030, they make up 11%of the overall energy mix. While this is far less ambitious than China, Europe or the US, it is a big improvement on the 2.4% share in 2007. Chung Rae-kwon, South Korea's climate change ambassador, said that by June, the government will announce its first target for reducing greenhouse gases: "The green new deal is just the start."
John Ashton, special representative for climate change for the UK Foreign Office, said South Korea was moving fast. "There seems to be growing consensus in Korea that being an early mover in the low carbon transition is good for the Korean economy, and good for Korean manufacturers."
At the Blue House, Kim says South Korea is on the point of embracing green technology with the same fervour that it adopted broadband in the late 1990s.
"By 2020, we'd like to be at least in the top five nations for green technology," says the presidential secretary for future vision. "As a nation, we want to be charming, to get respect from global society, to be seen as more than an economic animal.
"It has been only seven months since the president made the speech calling for low-carbon, green growth, but so much is changing. Everyone is now talking about green things. It may be a strength or a weakness of Korean people, but once we reach a consensus we move very quickly," he said.
Key projects:
Housing
$6bn for the construction of 1m green homes, energy efficiency upgrades for a million more, energy conservation improvements in villages and schools, and the installation of LED lighting in public facilities.
Cars
$1.8bn to support the development of fuel-efficient vehicles, such as electric and hybrid cars, by automakers
Hyundai and Kia.
Trains and bikes
$7bn to upgrade the transport infrastructure through the expansion of electrified tracks, new high-speed rail links and the construction of more than 2,500 miles of bicycle paths.
Water
$11.1bn on river "restoration" and water resource management that will controversially include building dams
and concreting some embankments.
Forestry
$1.7bn on forestry management,
including tree planting to improve
carbon sink capacity, and new facilities to use wood as biomass energy.
Recycling
$670m on resource recycling, including rubbish incineration plants that burn methane emissions to generate electricity.
Source - The Guardian
Kim Sang-hyo, the president's extravagantly titled right-hand man, is trying to create more than 940,000 green jobs and improve his country's energy efficiency at the same time. Switching every bulb in every public building in South Korea to light-emitting diodes by the end of this year is one, very small, element in the master plan of what has been described as the greenest new deal on the planet.
Since the start of the financial crisis last year, governments across the globe have been talking up the environmental content of their fiscal stimulus programmes and being judged by their efforts to save the planet. US president Barack Obama and the Chinese government have been praised for their ambitious plans to invest in renewable power, clean transport and energy-efficient buildings. Britain, by contrast, has been castigated for the relatively miserly sums it has so far committed to green projects. Alistair Darling's budget tomorrow will be closely scrutinised from the same perspective.
But no matter what the UK promises, it will pale in comparison with the green boasts of South Korea's 50tn won (£23bn) plan. According to an international ranking by the bank HSBC, 81% of the money is earmarked for green projects, easily the highest proportion in the world and vastly more than the 7% share in the UK.
So how will South Korea spend all that money? The first challenge for Kim is co-ordinating how this huge sum - equivalent to 2.6% of GDP - should be doled out. He must face both drooling construction industry conglomerates and suspicious environmental groups while creating jobs and lifting a nosediving economy. Many Koreans believe the apparently green spending will turn out to be heavily grey.
At his office in the presidential Blue House, Kim says he is tasked with a fundamental restructuring of the South Korean economy and energy structure, which is 97% dependent on expensive imported fuel. "The president realises that now is the time for change," he says.
Over the next four years, the government promises to build a million green homes, improve the energy efficiency of a million more, invest £1.2bn on research into low-carbon technologies and spend £4.8bn on high-speed railways and other forms of "clean" transport.
More than 2,500 miles of bicycle expressways will be built, including a 175-mile stretch alongside the demilitarised zone boundary with North Korea. By 2020, expanded subway, railway and electric car ownership is expected to reduce greenhouse gases from transport by 20%. The forestry sector will employ an extra 50,000 people to increase carbon sink capacity and build the country's first wood pellet fuel mill.
The UN secretary general, Ban Ki-moon, has praised the example set by his homeland. But environmental groups warn the plan is not nearly as green as it seems.
The biggest and most controversial item of expenditure is the "renewal" of four rivers, ostensibly to reduce the risk of drought. The project is likely to mean more dams and concrete embankments. Critics suspect it will be used as a cover to push through the president's widely opposed goal of building a canal through the centre of the country. There are fears too that developers will use the excuse of "ecohome" building to tear up strips of green belt outside Seoul.
Many also question the wisdom of building long-distance cycle paths they think will benefit the cement industry more than the environment.
"This is just old-style fiscal spending with a new label. At the end of this 'green new deal', Korea will definitely be a greyer country," said Oh Sung-kyu, general secretary of the Citizen's Movement for Environmental Justice. "The problem is that in Korea, jobs equals concrete."
With few specific details about how the money will be spent and no estimate of the impact on carbon emissions, environmental auditing of the plan is difficult. Diplomats and local journalists said the true amount of green spending was likely to be far below 81%. In the short term, some suggest, South Korea's carbon footprint could even go up as a result of the burst of construction. But Kim denies these accusations. "Our projects are all related to lowering emissions. They will definitely reduce our carbon emissions."
President Lee Myung-bak may have a long way to go before he can persuade sceptics that he has turned over a green new leaf. Lee is a former head of Hyundai Construction, one of the world's biggest cement pourers. As mayor of Seoul, his best-known "green" project was the development of Cheongye stream, which was uncovered and now runs on a concrete bed, beside concrete walkways and neon-illuminated concrete walls.
Concern for the environment has traditionally been a low priority in South Korea's development, which has long centred on energy-intensive heavy industry. Green groups say the world's 13th biggest economy pours almost twice as much cement as Japan and is three times worse for energy inefficiency.
However, the business-oriented president says the country must turn green to improve its corporate competitiveness. To sell his green growth plans to the nation's conglomerates - known as chaebol - he has stressed that moving early on low-carbon technology will give South Korea a head start over rivals around the world.
Hi-tech companies, such as Samsung, Hyundai and SK, have already begun investing in energy-saving technologies that use their expertise in semi-conductors and information technology.
The government hopes to accelerate the move to green-tech powerhouses by offering incentives and support for research and development. Hyundai and Kia will get financial support to develop electric and hybrid vehicles. South Korea also aims to be the first country in the world to have a "smart national grid" that uses information technology to maximise the efficiency of electricity transmission.
Given the huge sums spent in other areas, the renewable energy spending share of South Korea's green new deal is a disappointingly low £80m, mostly on solar-powered homes, photovoltaic heating and geothermal power sources for apartment blocks. Part of the reason is that the government had previously announced plans to invest 37tn won from 2009 to 2022 on new power plants, including 12 nuclear plants, to improve fuel efficiency and lower emissions.
Government advisers say South Korea's relatively small and crowded land area limits the potential for large-scale wind and solar projects and the rivers have far less hydro-power potential than those in China and the US. But even before the green new deal, engineers had begun work on the world's biggest tidal power plant. When it is finished later this year, the 254MW capacity plant at Siwha will supply the energy equivalent of 862,000 barrels of oil a year. A three times bigger tidal power plant is planned at Ganghwa.
Over the next 20 years, the government says it will invest 110tn won in renewables so that by 2030, they make up 11%of the overall energy mix. While this is far less ambitious than China, Europe or the US, it is a big improvement on the 2.4% share in 2007. Chung Rae-kwon, South Korea's climate change ambassador, said that by June, the government will announce its first target for reducing greenhouse gases: "The green new deal is just the start."
John Ashton, special representative for climate change for the UK Foreign Office, said South Korea was moving fast. "There seems to be growing consensus in Korea that being an early mover in the low carbon transition is good for the Korean economy, and good for Korean manufacturers."
At the Blue House, Kim says South Korea is on the point of embracing green technology with the same fervour that it adopted broadband in the late 1990s.
"By 2020, we'd like to be at least in the top five nations for green technology," says the presidential secretary for future vision. "As a nation, we want to be charming, to get respect from global society, to be seen as more than an economic animal.
"It has been only seven months since the president made the speech calling for low-carbon, green growth, but so much is changing. Everyone is now talking about green things. It may be a strength or a weakness of Korean people, but once we reach a consensus we move very quickly," he said.
Key projects:
Housing
$6bn for the construction of 1m green homes, energy efficiency upgrades for a million more, energy conservation improvements in villages and schools, and the installation of LED lighting in public facilities.
Cars
$1.8bn to support the development of fuel-efficient vehicles, such as electric and hybrid cars, by automakers
Hyundai and Kia.
Trains and bikes
$7bn to upgrade the transport infrastructure through the expansion of electrified tracks, new high-speed rail links and the construction of more than 2,500 miles of bicycle paths.
Water
$11.1bn on river "restoration" and water resource management that will controversially include building dams
and concreting some embankments.
Forestry
$1.7bn on forestry management,
including tree planting to improve
carbon sink capacity, and new facilities to use wood as biomass energy.
Recycling
$670m on resource recycling, including rubbish incineration plants that burn methane emissions to generate electricity.
Source - The Guardian
Sunday, 28 December 2008
Japan launches first solar cargo ship
The world's first cargo ship partly propelled by solar power took to the seas on Friday in Japan, aiming to cut fuel costs and carbon emissions when automakers ship off their exports.
Auriga Leader, a freighter developed by shipping line Nippon Yusen K.K. and oil distributor Nippon Oil Corp., took off from a shipyard in the western city of Kobe, officials of the two firms said.
The huge freighter capable of carrying 6,400 automobiles is equipped with 328 solar panels at a cost of 150 million yen (1.68 million dollars), the officials said.
The ship will initially transport vehicles being sent for sale overseas by Japan's top automaker Toyota Motor Corp. The project was conceived before the global economic crisis, which has forced automakers to drastically cut production as sales dwindle.
Company officials said the 60,213-tonne, 200-metre (660-foot) long ship is the first large vessel in the world with a solar-based propulsion system. So far solar energy has been limited to supporting lighting and crew's living quarters.
The solar power system can generate 40 kilowatts, which would initially cover only 0.2 percent of the ship's energy consumption for propulsion, but company officials said they hoped to raise the ratio.
The shipping industry has come under growing pressure to take part in efforts to curb global warming, which is blamed on carbon emissions.
Estimates say maritime transport accounts for anything from 1.4 percent to 4.5 percent of the world's greenhouse gas emissions. But the industry remains largely unregulated due to its international nature.
Nippon Yusen, Japan's largest shipping company, has set a goal of halving its fuel consumption and carbon-dioxide emissions by 2010.
Resource-poor Japan has been looking for ways to reduce its dependency on foreign oil.
Source - Solardaily
Auriga Leader, a freighter developed by shipping line Nippon Yusen K.K. and oil distributor Nippon Oil Corp., took off from a shipyard in the western city of Kobe, officials of the two firms said.
The huge freighter capable of carrying 6,400 automobiles is equipped with 328 solar panels at a cost of 150 million yen (1.68 million dollars), the officials said.
The ship will initially transport vehicles being sent for sale overseas by Japan's top automaker Toyota Motor Corp. The project was conceived before the global economic crisis, which has forced automakers to drastically cut production as sales dwindle.
Company officials said the 60,213-tonne, 200-metre (660-foot) long ship is the first large vessel in the world with a solar-based propulsion system. So far solar energy has been limited to supporting lighting and crew's living quarters.
The solar power system can generate 40 kilowatts, which would initially cover only 0.2 percent of the ship's energy consumption for propulsion, but company officials said they hoped to raise the ratio.
The shipping industry has come under growing pressure to take part in efforts to curb global warming, which is blamed on carbon emissions.
Estimates say maritime transport accounts for anything from 1.4 percent to 4.5 percent of the world's greenhouse gas emissions. But the industry remains largely unregulated due to its international nature.
Nippon Yusen, Japan's largest shipping company, has set a goal of halving its fuel consumption and carbon-dioxide emissions by 2010.
Resource-poor Japan has been looking for ways to reduce its dependency on foreign oil.
Source - Solardaily
Sunday, 23 November 2008
Claim solar panels grants – but do it now
GREEN support services provider eaga is urging local authorities and housing associations across the UK to apply for funding from the Low Carbon Buildings Programme before it runs out next year.
The Government-funded scheme encourages the take up of low and zero-carbon energy sources. It will match fund up to 50% of the cost of installation projects to a maximum value of £1m.
But applications must be made by June 2009 and the cash must be spent by June 2010.
FTSE 250 eaga has considerable experience in facilitating access to the Low Carbon Buildings Programme funds and fitting renewable energy sources such as solar thermal panels.
It has worked with numerous local authorities and housing associations across the UK and has recently helped launch a renewable energy education programme for local students by donating a solar demonstrator panel to Yardleys Science College in Birmingham.
Steve Caseley, managing director of eaga Renewables, said: “The Government recently increased the Climate Change Bill targets for reducing the UK’s greenhouse emissions from 60% to 80% by 2050.
“While this positions the UK at the forefront of efforts to tackle climate change – it will also dramatically ramp up the pressure on local authorities and similar organisations to cut their carbon emissions.
“Securing funds from the Low Carbon Buildings Programme can help meet these demanding targets. Indeed, if organisations get their renewable and low carbon energy management right, they could also tap into exciting opportunities ahead through potential feed in tariffs. Hospitals, for example, could create their own renewable or low-carbon power source and then sell any surplus back to the national grid.
This already happens in other European countries and every indication is that the same will happen here.”
Using the sun as a renewable power source, solar thermal panels can convert enough heat to provide up to 60% of a typical household’s hot water needs. A 4sq m panel can also cut annual CO2 emissions by up to a tonne.
Even in overcast conditions the solar panels can still absorb up to 65% of available energy.
For local authorities and social housing providers they can therefore offer an extremely economical and efficient source of renewable energy, particularly for homes or properties which have no access to mains gas or which are in remote rural areas and hard to reach.
Source - NE Business
The Government-funded scheme encourages the take up of low and zero-carbon energy sources. It will match fund up to 50% of the cost of installation projects to a maximum value of £1m.
But applications must be made by June 2009 and the cash must be spent by June 2010.
FTSE 250 eaga has considerable experience in facilitating access to the Low Carbon Buildings Programme funds and fitting renewable energy sources such as solar thermal panels.
It has worked with numerous local authorities and housing associations across the UK and has recently helped launch a renewable energy education programme for local students by donating a solar demonstrator panel to Yardleys Science College in Birmingham.
Steve Caseley, managing director of eaga Renewables, said: “The Government recently increased the Climate Change Bill targets for reducing the UK’s greenhouse emissions from 60% to 80% by 2050.
“While this positions the UK at the forefront of efforts to tackle climate change – it will also dramatically ramp up the pressure on local authorities and similar organisations to cut their carbon emissions.
“Securing funds from the Low Carbon Buildings Programme can help meet these demanding targets. Indeed, if organisations get their renewable and low carbon energy management right, they could also tap into exciting opportunities ahead through potential feed in tariffs. Hospitals, for example, could create their own renewable or low-carbon power source and then sell any surplus back to the national grid.
This already happens in other European countries and every indication is that the same will happen here.”
Using the sun as a renewable power source, solar thermal panels can convert enough heat to provide up to 60% of a typical household’s hot water needs. A 4sq m panel can also cut annual CO2 emissions by up to a tonne.
Even in overcast conditions the solar panels can still absorb up to 65% of available energy.
For local authorities and social housing providers they can therefore offer an extremely economical and efficient source of renewable energy, particularly for homes or properties which have no access to mains gas or which are in remote rural areas and hard to reach.
Source - NE Business
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