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The Ozone Hole is Shrinking and It’s Now the Smallest It Has Been in 30 Years

Photo-illustration: Pixabay
Photo-illustration: Pixabay

Here’s a rare piece of good news about the environment: The giant hole in the Earth’s protective ozone layer is shrinking and has its smallest peak since 1988, NASA scientists said.

The largest the hole became this year was about 7.6 million square miles wide (19.7m square kilometres wide), about two and a half times the size of the United States, in September. But it was still 1.3 million square miles (3.4m square kilometres) smaller than last year, scientists said, and has shrunk more since September.

The news comes just after the 30th anniversary of the hole’s discovery, which led to the 1987 Montreal Protocol — a landmark international agreement that led to major global efforts to phase out the use of ozone-depleting chemicals.

Deterioration of the ozone layer was mainly taking place over Antarctica, and became a particular cause for concern for those living in the southern hemisphere. Ozone, a colourless gas, protects the Earth from harmful ultraviolet radiation, which could cause higher rates of skin cancer and cataracts disease, as well as disrupt plant growth.

Scientists predict the ozone layer won’t return to its 1980s form until about 2070. The ozone hole was largest in 2000, when it was 11.5 million square miles wide (29.8 million square kilometres wide), according to NASA.

Source: Science alert

National Climate Report Finds Virtually ALL Global Temperature Rise Since 1950 Caused By Human Activity

Photo-illustration: Pixabay
Photo-illustration: Pixabay

The National Climate Report is an annual assessment mandated by Congress. This year’s report has just been released and it contains this stunning finding — virtually all of the observed increase in average global temperatures since 1950 is the result of human activity, primarily the burning of fossil fuels.

The 600 page report was created from input by scientists working at 13 different federal government agencies. “Based on extensive evidence … it is extremely likely that human activities, especially emissions of greenhouse gases, are the dominant cause of the observed warming since the mid-20th century,” the report says (emphasis in original text). Noted climate scientist Michael Mann tells ThinkProgress, the report “indicates that a path of inaction will truly lead to disastrous climate change impacts.”

The NCR claims that the “business as usual” approach, much favored by the Trump administration, will lead to some nasty consequences for people living in North America. Average temperatures over the central part of the country would rise by 8 to 10 degrees Fahrenheit. Prolonged drought conditions in the west would seriously damage the nation’s ability to grow enough food to feed its citizens. Rising oceans would inundate almost all of America’s coastal cities. Further north, temperatures in the Arctic would increase by 18 degrees Fahrenheit.

The report has been peer reviewed by the National Academy of Sciences. “For the warming over the last century, there is no convincing alternative explanation [other than human activity] supported by the extent of the observational evidence,” it states. In fact, it suggests that, but for human activity, the earth would most likely have seen a slight cooling trend during that period. Is this a “worst case scenario?” No, it is not. The “climate models are more likely to underestimate than to overestimate the amount of long-term future change,” the NCR warns.

Okay, that’s the word from the scientific community. Either humans come together in a concerted global effort to rein in carbon emissions or face a future where famine and flooding — and the armed conflicts they will lead to — are the norm. One would think that rational people would find that an easy choice to make. But history teaches us that armed conflicts are plentiful, and examples of global cooperation are few. In fact, if you can think of one, please share it with us.

Nothing, it seems, can make us realize that using the earth as a communal toilet is a bad idea. It’s like trying to understand at some basic, existential level that we are all going to die someday. The reality is just too awful to confront, so we deal with it by not dealing with it. Fouling our own nest must be okay because that’s what humanity has always done and we’re still here, aren’t we? Surely, we will always be here, right?

Actually, no, we haven’t always been here and there is no guarantee we always will be. One of the only common threads running through all human experience is the legend of the Great Flood. All humans — even people on remote Pacific islands — share a narrative about a time long, long ago when the earth was flooded and only a very few survived.

Who will the Walton family sell their low-priced products to then? What good will fossil fuels be if there are no cars to drive, homes to heat, or factories to run? Will anyone even know we were here a million years from now when the waters recede and all records of our existence have been lost? Will genetic mutations make the next humans smart enough to work together rather than devising new and interesting ways of killing each other? Based on the history of humanity to date, the most likely answer is no.

As if to make the point even more forcefully, neither the front page of the New York Times nor the Washington Post makes any reference to the National Climate Report. Nothing to see here, move along. Nothing to see here, move along. And soon, there really will be nothing to see except wave tops as the land is swallowed by the ocean once again.

Source: cleantechnica.com

Portugal Aiming to Introduce “Free Zones” for Self-Driving Vehicles & Drones

Foto: Pixabay
Photo-illustration: Pixabay

The government of Portugal is now planning to introduce “free zones” in certain parts of the country where self-driving vehicle and drone tech can be deployed and tested more easily through the use of special regulations and investment incentives, Portugal’s industry secretary has revealed.

The idea behind the plan is to further establish Portugal as a good place to base a tech startup, drawing also on the relatively cheap but well educated workforce and the relatively friendly to foreign investment property market (obviously, this isn’t necessarily a good thing for the poorer locals).

“We are working a lot on the regulatory and legal aspects because this is really totally fundamental for opportunities in this area,” stated Industry Secretary Ana Lehmann in an interview with Reuters. “One of the areas we are working on has to do with technological free zones and drones is one of the areas we want to promote … another is autonomous vehicles.”

Reuters provides more: “Many countries are looking at how to allow companies to test new technologies. In Britain, Amazon is carrying out special parcel delivery testing while Alphabet’s Google has tested drone delivery technology in Australia under its ‘Project Wing’. The US government last week approved a plan for expanded drone testing.

“Lehmann said the Portuguese government was working carefully on the laws needed for such zones. The country restricted the use of drones this year to raise public security. We are studying some locations and what is needed … within a legal framework that is very careful because these technologies have an impact. … This is a delicate topic and we want to do it properly.”

As it stands, Portugal’s laws don’t allow for the testing of self-driving vehicles on public roads. Interestingly, though, Daimler (Mercedes-Benz) already possesses a “digital center” in Lisbon where autonomous vehicle tech is being worked on; and of course a number of other major auto manufacturers possess significant operations in the country as well.

As you’ll possibly recall, some parties in Portugal have been lobbying Tesla in recent years, trying to attract a new production facility of some kind — possibly a second or third Gigafactory.

Portugal reportedly has some of the largest lithium reserves in Europe, it should be noted.

Source: cleantechnica.com

Mayor Sadiq Khan Confirms 2019 Early Start Date for Ultra-Low Emission Zone

Foto: pixabay

London Mayor Sadiq Khan has confirmed the capital’s planned Ultra-Low Emission Zone (ULEZ) will enter into force more than a year earlier than originally planned, on April 8 2019.

Photo: Pixabay

The ULEZ, which will operate 24 hours a day, will impose charges on all but the cleanest vehicles that come into the city centre as part of the Mayor’s plan to bring air quality in London back within legal limits.

Two charging levels will be introduced: £12.50 for cars, vans and motorbikes and £100 per day for lorries, buses and coaches.

It will be levied alongside the existing Congestion Charge, currently set at £11.50 per day, but replace the T-Charge which was introduced last month.

The Mayor’s Office confirmed late last week that it expects the new charge to impact around 60,000 vehicles every day, marking a sharp increase on the 6,500 vehicles a day thought to be covered by the T-Charge. The policy’s strict emissions criteria means most cars that are more than four years old will have to pay the charges, giving London the tightest emissions standards of any city in the world.

“London’s lethal air is one of the biggest health challenges of this generation,” Khan said in a statement. “We can’t continue breathing in air so toxic it harms children’s lung development and causes chronic illness and premature death.

“So I am pleased to confirm that from 8th April 2019 – 17 months earlier than planned – stricter standards for diesel vehicles will apply 24/7 across central London. This builds on the success of the T-Charge and is part of my comprehensive plan to clean London’s air.”

All cash raised from charges will go to Transport for London and will be earmarked for improving city’s fleet of buses and tube, cycle, and rail connectivity.

The decision to introduce the ULEZ earlier than the original 2020 start date will cut road transport emissions by an extra 20 per cent in 2019, the Mayor’s Office said.

According to official estimates, it will mean more than 100,000 people will no longer live in areas that exceed legal limits for NO2 limits, and 42 schools across the capital will no longer suffer illegal levels of air pollution.

Chief executive of the British Lung Foundation Dr Penny Woods welcomed the decision to introduce the ULEZ early, claiming it could “dramatically improve people’s quality of life”.

However, she warned “further and faster” action is still needed from the national government. “A targeted scrappage scheme is needed to help people move to cleaner vehicles,” she said. “This must prioritise people on low incomes and those with health conditions who find it hardest to get around.”

Source: businessgreen.com

European Solar Sector Set to Add 94,000 New Jobs by 2021

Photo: Pixabay
Photo-illustration: Pixabay

The European solar sector is poised for dramatic expansion over the next four years as the market starts to realise the full benefit of plummeting costs and countries scramble to hit clean energy targets.

A new report released today from consultancy EY on behalf of Solar Power Europe predicts job creation could grow by as much as 470 per cent between now and 2021 in some countries, with Spain, Greece, and Poland tipped to enjoy rapid expansion over the coming years.

Overall, an extra 94,000 new solar jobs are expected to be created by 2021, the report said, taking the sector’s total full-time employment count to almost 175,000 and generating nearly €12.5bn in gross value added (GVA) for the bloc’s economy.

The paper suggests the sharp increase in employment will be driven by countries finally realising the full benefits of the dramatic drop in the cost of solar energy that has been seen in recent years, combined with fresh efforts to meet national renewable energy targets for 2020.

“As a result of the strategic plans developed by European countries to increase the shares of renewables in their energy mix, countries with ambitious forecasts of new installed capacities (e.g. France, Italy, Spain) show an acceleration of the number of job support downstream of the value chain,” the report notes. “2021 new installed capacities will be three to 20 times the capacities installed in 2016. This has a direct effect on engineering and installation related jobs.”

If the predictions prove accurate they would herald a remarkable turnaround in fortunes for the solar sector, which boomed between 2008 and 2011 then suffered a sharp slowdown after a swathe of regulatory and subsidy changes took effect across Europe.

Proposals from EU lawmakers to raise renewable energy ambition across the trading bloc could also help drive a massive expansion in solar activity, EY predicts.

Under legislation currently making its way through the EU, countries could be expected to source 35 per cent of their final energy consumption from renewables by 2030 – a step up from the current target of 27 per cent. If the target is approved, job provision would increase by 56 per cent in the solar industry alone, the report predicts.

Similarly, the report suggests the removal of anti-dumping measures, which prevent international manufacturers from flooding the EU market with cheaper panels, would create an additional 45,500 direct and indirect jobs in EU solar.

Solar installers have long argued the EU should drop the minimum pricing requirement that it has placed on imported Chinese panels in order to cut the cost of the technology. But some of the handful of solar PV manufacturers that remain in Europe continue to allege that the rules are required to combat ‘dumping’ by Chinese firms.

Source: businessgreen.com

World’s Largest Reforestation Project Wants To Plant 73 Million Trees In The Amazon

Photo-illustration: Pixabay
Photo-illustration: Pixabay

The Amazon rainforest has been treated roughly since the 1970s. Now, as deforestation in the area slowly but surely tails off, a massive new project hopes to help restore this natural wonder to its former glory.

The project, led by Conservation International, is the world’s largest-ever tropical reforestation effort, with the hopes of planting 73 million trees in the Brazilian Amazon by 2023. Through the sowing of selected native species and the planting of native species, the new area of forest should cover around 30,000 hectares of land.

This huge push aims to help Brazil, and by association the wider world, by achieving its 2015 Paris Agreement pledge of reforesting 12 million hectares of land by 2030.

It’s fairly widely known that the Amazon is being chopped down at an alarming rate due to the exploitation of natural resources, minerals, and infrastructure projects, although this has thankfully slowed down in more recent years.

Trees are a key part of the global carbon cycle because they “eat up” carbon dioxide and pump out oxygen through photosynthesis. Healthy forests are also really important for the culture of the local people and biodiversity. After all, the Amazon rainforest is home to at least 10 percent of the world’s known biodiversity.

This effort by Conservation International is part of the World Bank’s even bigger Amazon Sustainable Landscapes Project, a pipeline project to spend over $60 million on restoring Brazil’s rainforests, as well as to promote the connectivity of protected areas within the region.

Source: IFLScience

New Zealand is Planning to Plant 100 Million Trees

Foto-ilustracija: Pixabay
Photo-illustration: Pixabay

New Zealand’s incoming government is hoping to make the nation greener by planting 100 million trees each year, ensuring the electricity grid runs entirely from renewable energy, and spending more money on cycle ways and rail transport.

Jacinda Ardern, who took over as prime minister, outlined agreements her Labour Party reached with other political parties joining them in the new government.

The 37-year-old is New Zealand’s youngest leader in more than 150 years and hopes to take the country on a more liberal path following nine years of rule by the conservative National Party.

“I don’t need to be influenced on climate change,” she said. “It will sit at the heart of what this government does.”

Ardern’s plan is for New Zealand to reduce its net greenhouse gas emissions to zero by the year 2050.

Some of the targets will require only incremental changes. New Zealand already generates about 85 percent of its electricity from renewable sources including hydroelectric, geothermal and wind. Ardern plans to increase that to 100 percent by 2035, in part by investigating whether solar panels can be used atop schools.
She said the country will need to double the amount of trees it plants each year, a goal she said was “absolutely achievable” by using land that was marginal for farming animals. Her plans also call for the government’s vehicle fleet to be green within a decade.

Source: World Economic Forum

Texas Engineers Develop New Material for Better Lithium-Ion Batteries

Foto: utexas.edu
Photo: utexas.edu

Researchers in the Cockrell School of Engineering at The University of Texas at Austin have discovered a family of anode materials that can double the charge capacity of lithium-ion battery anodes — a breakthrough that opens the door to cheaper, smaller and lighter batteries in the future.

In lithium-ion batteries, energy is stored by shuttling lithium between two electrodes that are made of conductive materials, which generate the electric current that makes batteries function. Novel electrode materials promise significant performance improvements and have been the focus of extensive scientific and energy research for decades.

Source: Renewable Energy World

China Makes a Big Bet on Offshore Wind

Photo: Pixabay
Photo-illustration: Pixabay

In China, the year witnessed newly added wind power capacity of about 23 GW, decreasing 24 percent from a year earlier, according to data released by the Chinese Wind Energy Association. The country’s total installed wind power capacity reached 169 GW. Remarkably, the installed capacity of the onshore wind power sector decreased, while offshore saw an increase of more than 60 percent. The country installed 154 wind turbines last year, with a total capacity of 590 MW, an increase of 64 percent year on year.

China’s newly added installed wind power capacity accounted for 42.7 percent of the global total in 2016.

According to a report on the global wind power market published by the Global Wind Energy Council (GWEC) in 2016, wind’s share of power output is rising, with the percentage in China reaching 4 percent. The global wind power market is expected to grow steadily in the next five years, with total installed capacity expected to reach 800 GW by 2021.

Over the last few years, China has made a serious bet on offshore wind. By the end of 2020, the country is aiming for total on-grid wind power capacity to exceed 210 GW, with the offshore component expected to exceed 5 GW. Annual power generation from wind across China is expected to reach 420 billion kilowatts, accounting for approximately 6 percent of the country’s total.

Source: Renewable Energy World

Carmakers Promise 400 Fast-Charging Stations Across Europe by 2020

Foto-ilustracija: Pixabay
Photo-illustration: Pixabay

Four of the world’s largest automakers have today revealed details of their plan to establish an extensive electric vehicle (EV) fast-charging network across Europe, with a promise to install 400 chargers across the continent by 2020.

The Munich-based joint venture, IONITY, was established by VW Group, Daimler, Ford, BMW last year. Porsche and Audi have since joined the group, which aims to accelerate the roll out of zero emission vehicles.

Together the carmakers hope to make long-distance travel for EVs faster and easier by installing powerful charging stations, which can generally refuel an electric vehicle to 80 per cent charge in around half an hour – far quicker than the six to eight hours it can take using a domestic EV charger. Their rollout is seen as crucial to soothing the ‘range anxiety’, which remains one of the biggest barriers to EV adoption.

“The first pan-European HPC network plays an essential role in establishing a market for electric vehicles,” the joint venture’s chief executive officer Michael Hajesch said in a statement. “IONITY will deliver our common goal of providing customers with fast charging and digital payment capability, to facilitate long-distance travel,” said Hajesch.

The group said 20 stations will open to the public this year in Germany, Norway and Austria, each spaced 120km apart on major roads. Over 2018 100 more will open, each with multiple charging points capable of supporting a range of manufacturers.

In other industry news, logistics firm Ryder said today it has started to take delivery of 125 electric vans from EV start-up Chanje in the US.

The vans, the first of their kind in North America, will join Ryder’s lease and rental fleet in California, New York and Illinois. They are capable of transporting up to 6,000 pounds of cargo with zero exhaust emissions.

Dennis Cooke, president of global fleet management solutions for Ryder, said the rollout of the new electric vans demonstrates the firm’s leadership in new technologies. “We are proud to partner with Chanje to bring an all-electric medium-duty vehicle to market as this will further promote energy efficiency in the industry by allowing our rental and lease customers to implement electric vehicles into their operations on a short-term or long-term basis,” he added.

Source: businessgreen.com

Atmospheric Methane Levels Rose Rapidly In 2016, Scientists Claim To Not Understand Why

Photo: Pixabay
Photo-illustration: Pixabay

Atmospheric methane levels rose fairly rapidly in 2016, as did atmospheric carbon dioxide levels (which saw the yearly average rise up to 403.3 parts per million), according to a new report from the World Meteorological Organization (WMO).

The scientists involved in the report claim to not know why atmospheric methane levels are rising rapidly, interestingly — making for a good example of the way that climate change communication from researchers is often comically reserved and thus hobbled.

It’s no true mystery why atmospheric methane levels are rising. Though the exact mechanisms and sources may well have not been definitively identified, broad reasons can certainly be inferred — melting permafrost, thawing sea beds, and in a more generalized way, simply rising temperatures and increasing rot, amongst other things, are likely all playing a part.

Engadget provides more: “The WMO’s report also points to a mysterious rise in the levels of methane in the atmosphere, which were also higher than the 10-year average. Speaking to BBC News, Professor Euan Nisbet from Royal Holloway University of London said this was not expected in the Paris Agreement. ‘We do not understand why methane is rising … It is very worrying.’”

It’s hard to know what to make of comments like that … or perhaps I’m not being fair here.

Notably, the new figures relating to the current rate of atmospheric carbon dioxide and methane levels rises suggest that official climate change targets are impossible to achieve without a vast and rapid change of directory.

WMO Secretary-General Petteri Taalas stated: “Without rapid cuts in CO2 and other greenhouse gas emissions, we will be heading for dangerous temperature increases by the end of this century, well above the target set by the Paris Climate Change Agreement. Future generations will inherit a much more inhospitable planet.”

Source: cleantechnica.com

Greener School Buildings Could Save Taxpayers £2.6bn a Year

Source: Pixabay
Photo-illustration: Pixabay

If all the UK’s school buildings were replaced with the most energy efficient alternatives taxpayers would save £2.6bn a year from the schools budget, new research has revealed.

A paper released yesterday by the Centre for Economics and Business Research (CEBR) on behalf of zero-emissions buildings firm Net Zero Buildings argues major savings could be found in the education budget if more efficient buildings were widely used.

Net Zero Buildings has created what it claims to be the UK’s most energy efficient school building – a modular building constructed off-site that features airtight insulation and solar energy installations.

The net zero-emission construction stands in stark contrast to much of the UK’s current school building stock, 60 per cent of which was built before 1976. If all school buildings were as efficient as the Schoolhaus design the Department of Education would save £2.6bn a year, almost five per cent of its annual budget, according to the analysis.

The UK’s growing population means demand for school places in the UK is set to grow 10 per cent over the next decade. The Department of Education has a target of building at least 500 new schools by 2020 to cater for rising demand, but some studies suggest more than 2,000 new school buildings will be needed.

According to today’s report, if 500 new schools were built to Schoolhaus’ efficiency standards savings of £1.25bn could accrue to taxpayers over the next 60 years from cheaper capital, energy, maintenance, and lifecycle costs. If 2,000 schools are built to net zero standards the savings could rise to £5bn over the same period.

“With pupil numbers forecast to grow by around 10 per cent between now and 2026, it’s clear that innovative solutions are required to ease the pressing need for new school buildings,” Net Zero Buildings CEO Neil Smith said in a statement. “This report shows that the government has an opportunity to meet this demand, save money and help to protect the environment.”

The Department for Education was considering a request comment at the time of going to press.

Source: businessgreen.com

IKEA to Help UK Staff and Customers Make Clean Energy Switch

Photo-illustration: Pixabay
Photo-illustration: Pixabay

IKEA is planning to launch a new clean energy drive before the end of the year aimed at encouraging staff and customers to switch their household electricity suppliers to those which only use renewable sources, the company has revealed.

The Swedish retail giant is currently working with the Big Clean Switch initiative with a view to offering lower electricity tariffs to employees in return for them switching to renewable energy suppliers for their household power needs.

In an interview with BusinessGreen, the company’s sustainability manager for UK and Ireland, Hege Sæbjørnsen, said the plan was to then extend this offer to IKEA Family member customers in the new year.

“We’re currently working with the Big Clean Switch campaign, and we are negotiating a lower renewable energy tariff for our customers through IKEA Family,” Sæbjørnsen said. “It is being launched internally for co-workers first at the end of this year, and then early next year for IKEA Family members.”

The Big Clean Switch initiative – a ‘social business’ partnership between campaign group Purpose and social enterprise Clean Energy UK – works with renewables suppliers such as Bulb, Ecotricity and Good Energy on targeted campaigns to quicken the move towards zero carbon power. It recently launched a campaign with 10 councils in Greater Manchester to offer local residents and businesses lower tariffs through 100 per cent renewable energy suppliers.

No firm launch date has yet been confirmed for IKEA’s clean energy drive, but Sæbjørnsen said it formed part of the retailer’s wider strategy to encourage greener staff and customer behaviour beyond its own stores, in keeping with its Sustainable Life at Home product range.

The move follows IKEA’s decision to team up with Solarcentury for its new home solar panel and battery storage product offering, which has seen positive early sales since its launch back in August, according to Sæbjørnsen.

She explained the Big Clean Switch project would enable staff and customers who do not own their own homes or are unable to invest in a solar-battery storage product to also benefit from lower electricity bills thanks to renewable power sources.

“It’s wonderful if you own your own house, but not everyone does,” said Sæbjørnsen. “Also, people move, so do you want to invest x-amount in a solar set up? So this is actually helping this whole shift, and it is very aligned with the [UK government’s recently published] Clean Growth Plan.”

Source: businessgreen.com

Hotels Must Cut Carbon Footprint by 90 Per Cent to Meet Paris Goals, Industry Leaders Admit

Foto: Pixabay
Photo-illustration: Pixabay

The hotel industry must eliminate 90 per cent of its carbon emissions by 2050 if the sector is to stay within the limits set out under the Paris climate agreement.

That is the headline conclusion of a new report published yesterday by hospitality consultancy Greenview on behalf of the International Tourism Partnership (ITP), a group of leading hotels brands such as Four Seasons Hotels and Resorts, InterContinental, Marriott International, and Hilton.

Absolute carbon emissions from hotels must drop 66 per cent by 2030 and 90 per cent by 2050 if the sector is to deliver its fair share in limiting warming to less than 2C, the report calculated.

Despite the large emissions reductions required, ITP’s director Fran Hughes insisted the cuts were achievable. “The technology exists today to fully decarbonise the sector,” she said.

“Solving the issue of climate change becomes how to accelerate the solutions which are currently available.”

Carbon cutting solutions suggested in the report include investment in more efficient buildings, increased use of renewable energy, and the introduction of more reward schemes to encourage greener guest behaviour.

The analysis follows ITP’s move in September to set the first industry-wide carbon and water targets for the tourism sector as part of the group’s 25th anniversary celebrations.

Under the strategy ITP’s members, which collectively are responsible for more than 25,000 hotels around the world, promised to “embrace” science-based emissions targets and “embed” water stewardship into business models.

Hughes said while the industry will work together to see where collaboration could accelerate emissions reductions, individual hotel firms should also develop science-based targets to ensure they are contributing their fair share to emissions cuts.

“The reductions individual companies need to make may vary, dependent on where they are located and their infrastructure,” she said. “That’s why we’re encouraging hotels to develop their own science-based target.”

Source: businessgreen.com

Ørsted to Sell 50 Per Cent Stake in Giant Walney Offshore Wind Project

Foto: Pixabay
Photo-illustration: Pixabay

Renewable energy firm Ørsted – the Danish company formerly known as DONG Energy – has agreed to sell half its stake in the 659MW Walney offshore wind project currently under construction off the coast of Cumbria.

The company announced yesterday it has signed a deal that will see it divest 50 per cent of its shares in the project for £2bn to a consortium consisting of leading Danish pension funds PKA and PFA, with each obtaining an equal 25 per cent ownership.

The £2bn sale price also includes a commitment from the two pension funds to pay for 50 per cent of the engineering, procurement and construction (EPC) contract for the project, set to be paid during 2017 and 2018.

Ørsted will maintain a 50 per cent stake, as well as looking after construction and long term operation and maintenance of the project. It said the deal is set for completion by the end of this year, subject to regulatory approval.

Once completed the Walney Extension project is expected to be the largest offshore wind farm in the world, consisting of 87 turbines and generating enough power to meet the needs of more than 500,000 UK homes.

Henrik Poulsen, Ørsted CEO, said the divestment was in line with the company’s expectations of “value creation” in the project, and that he was “delighted” to welcome PKA and PFA as new co-owners.

“We already have a strong partnership with PKA on three other offshore wind farms and we look forward to building an equally long-lasting relationship with PFA on what will be the world’s biggest wind farm when completed,” he said. “Both partners are committed to the green energy transition and I’m pleased that our offshore wind assets continue to be attractive to institutional investors.”

Meanwhile Allan Polack, PFA Group CEO, said the investment marked “yet another step” for the Danish pension fund into the renewable energy market. “The investment fits perfectly into our strategic work with focus on alternative investments that contribute to providing our customers with reliable and stable long-term returns,” he said.

The sale was part-financed via a new long-term debt facility provided by Macquarie, marking the Australian bank’s first offshore wind transaction since it acquired the previously UK state-owned Green Investment Bank – now renamed the Green Investment Group (GIG) – earlier this year.

James Wilson, co-head of Macquarie Infrastructure Debt Investment Solutions (MIDIS), said it had been working closely with Ørsted over the past 15 months on the deal. “The transaction demonstrates Macquarie’s ability to apply our considerable expertise and resources to deliver large amounts of capital, with execution certainty, to support the most complex transactions,” he said.

Source: businessgreen.com

China To Ban Sale Of High-Sulfur Diesel Fuel For Tractors & Ships

Foto: Pixabay
Photo-illustration: Pixabay

As of November 1st, the sale of high-sulfur content diesel fuel — that is, diesel fuel with more than 10 parts per millions (ppm) of sulfur — will be banned nationwide in China, the government in the capital of Beijing has revealed.

High-sulfur diesel fuel is typically used in China as a relatively low-cost option for those running tractors or ships. The ban of sales is intended to help reduce local air pollution problems, and to function as part of nationwide efforts to reduce the country’s growing air pollution problems.

“The move by the National Development & Reform Commission (NDRC) comes after the government banned sales of diesel with more than 50 ppm of sulfur in July,” Reuters notes.

“In a statement, the NDRC said it will crack down on the production and distribution of oil products that don’t meet government standards, and increase its supervision of major refiners and rural gas stations.”

This ban follows closely on the announcement that, despite all of the actions taken so far this year to reduce the growing air pollution problems of Northern China, PM2.5 levels in the region were essentially just as bad during September 2017 as during September 2016.

Source: cleantechnica.com