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OPEC Secretary General speaks at IP Week conference in London

OPEC Secretary General, HE Mohammad Sanusi Barkindo, two days ago delivered a keynote address at the International Petroleum (IP) Week conference in London.  The session was moderated by Manus Cranny, Markets Editor/Anchor, Bloomberg TV, who followed the Secretary General’s speech with a number of questions, including some from the audience.

The Secretary General initially highlighted how much has changed in the industry since the last time he spoke in London at the Oil & Money conference back in October 2016.  He highlighted the landmark and historic decisions reached by OPEC and non-OPEC at the end of last year, stressing that “collaborative and timely intervention was taken to address the prevailing market realities.”

The Secretary General reiterated that the implementation of these historic decisions taken had thus far been very encouraging. He added that all 24 countries involved remained resolute in their commitment to the ongoing process and are determined to implement their obligations in a full and timely fashion to help ensure a more balanced oil market on a sustainable basis.  In addition, he stressed the establishment of the Joint Ministerial Monitoring Committee and the supporting Joint Technical sub-Committee to oversee and monitor implementation were “prime examples of OPEC’s support for data sharing, openness and transparency.”

He also spoke about the gravity of the sharp contraction in oil industry investments in both 2015 and 2016 and stressed that “the industry cannot afford to see investment levels fall for a third year in a row.” He said that the industry needs regular, timely and sustainable investment to guarantee security of supply to the global community.

In this regard, he added, “we believe that the recent decisions taken by OPEC and non-OPEC are already creating the favorable conditions for the industry to deliver the necessary medium- and long-term investments for our energy future.”

IP Week, hosted by the Energy Institute is a highly respected global annual conference where leaders from the global oil and gas industry share their wealth of knowledge and experience with fellow experts over three days of conferences, seminars, roundtables and social events.

This year’s event also sees the awarding of ‘The International Oil Diplomacy Man of the Year Award’ to HE Dr. Mohammed Bin Saleh Al-Sada, Qatar’s Minister of Energy & Industry, and the OPEC Conference President in 2016.  The OPEC Secretary General said that “the judgement, patience, guidance, consistency and dedication” shown by HE Al-Sada in bringing together OPEC and non-OPEC in 2016 “were a cornerstone of the great efforts aimed at rebalancing the market, supporting sustainable stability and ensuring that the necessary industry investments return.”

Source: opec.org

Bollegraaf Recycling Solutions to Build 60 TPH Recycling Facility in Russia

Photo: Pixabay
Photo: Pixabay

Bollegraaf Recycling Solutions has been awarded a contract to to build a 60 tonne per hour MSW recycling by the MAG Group in Nizhny Novgorod, Russia. Dutch equipment manufacturer Bollegraaf Recycling Solutions has been awarded a contract to to build a 60 tonne per hour MSW recycling by the MAG Group in Nizhny Novgorod, Russia.

Bollegraaf explained that for several years, MAG Group has been investigating the experience of European and American systems integration companies and manufacturers of sorting and recycling equipment. Having visited a significant number of waste management enterprises in several countries MAG Group chose a turnkey solution designed and produced by Bollegraaf.

The manufacturer said that the installation will be capable of sorting 60 tonnes per hour of MSW material and will be equipped with the latest technologies.

The company added that the MAG Group is expecting failure-free operation of the equipment since the Waste Sorting Complex is designed for around-the-clock operation.

Technologies

The installation will be equipped with several Bollegraaf technologies including the Elliptical Separator, which is a ballistic sorting machine, to separate 3D fractions from the 2D fractions and the fines fraction. The Elliptical is said to be unique because of the adjustable screen surface and the way it agitates the material. The result: efficient separation with a long service life plus low costs of ownership.

The installation will also include the patented Bollegraaf ‘anti-wrapping’ starscreen. This screen deck does not wrap, but does have the high output and aggressive agitation, preventing the smaller parts from sticking to the larger parts. This results in a better performance of the following sorting process.

The large cardboard will be separated from the material flow by the high efficient Bollegraaf OCC (old corrugated cardboard) screen. Paper, small cardboard, and small material will be screened
off. This particular screen is placed at the beginning of the sorting installation to separate large cardboard, making manual separation of large cardboard redundant.

Source: waste-management-world.com

Shell Launches its First Hydrogen Refuelling Station in the UK

Shell announces the launch of its first hydrogen refuelling station in the UK at its Cobham service station on the M25. The new hydrogen station has been supplied by ITM Power and is the first fully branded and public hydrogen refuelling site in the UK. It is the first of three hydrogen stations Shell plans to open in the UK in 2017.

Matthew Tipper, Vice President, Future Fuels at Shell said: “Hydrogen has the potential to become a clean and versatile transport fuel for the future, and the Cobham hydrogen site is one of the ways Shell is encouraging the use of alternative fuels to contribute to the energy transition. This will provide customers with hydrogen fuel cell electric vehicles the ability to refuel simply and quickly, at one of the largest petrol stations in the UK.”

The opening of Shell’s first UK hydrogen site follows the success of sites in California, and in Germany where Shell is part of a joint venture with the ambition to open a network of up to 400 hydrogen sites by 2023. Shell is in the process of assessing the potential of future projects in the United States, Canada, Switzerland, Austria, France, Belgium, Luxembourg and the Netherlands.

In addition, Shell is a founding member of the Hydrogen Council, announced at Davos in January 2017, comprising energy companies, OEMs and technology partners with a collective pledge to accelerate investment in the development and commercialisation of the hydrogen and fuel cell sectors.

Hydrogen fuel cell electric vehicles convert hydrogen into electricity and produce only heat and water when driven. They offer an alternative to the conventional internal combustion engine, a driving experience similar to electric cars, and no local emissions. Hydrogen vehicles can drive up to 700 kilometers without refuelling and can be refuelled in a few minutes at a standard forecourt with a hydrogen pump.

Sinead Lynch, Shell’s UK Country Chair, commented: “We believe the journey to a low-carbon economy requires a coordinated and collaborative approach among organisations in the transport sector, including providers of energy and transport vehicles, users of transport vehicles, local authorities as well as government. The Cobham retail site is a small but significant first step toward developing infrastructure needed for increased usage of hydrogen vehicles.”

The hydrogen is generated on-site using an electrolyser which requires only water and electricity to generate the hydrogen gas. The hydrogen station at Cobham is the third hydrogen site in the UK to be supplied by ITM Power and opened as part of the HyFive project. The initiative has been partially funded by the European Fuel Cell, Hydrogen Joint Undertaking, and the UKs Office of Low Emission Vehicles.

Dr. Graham Cooley, CEO of ITM Power, said: “ITM Power is pleased to partner with Shell to bring their first forecourt hydrogen fuelling site to life. Electrolytic Hydrogen is the cleanest and lowest cost renewable fuel available for fuel cell electric vehicles. We look forward to working with Shell to introduce additional hydrogen stations on their forecourts in the UK in the near future.”

Bart Biebuyck, Fuel Cells and Hydrogen Joint Undertaking (FCH JU) Executive Director, commented: “While FCH JU project HyFIVE already delivered significant results and contributed to addressing major EU challenges, we are very pleased to see an important industry player joining the venture. The opening of Shell’s first station in UK occurs one month after the Hydrogen Council announcement at Davos, and reinforces the industrial commitment towards decarbonisation.”

Shell’s Cobham site opened in 2012 and was built for the 150,000 vehicles that travel on the M25 on a daily basis. The site received more than a million customer visits in 2016.

Source: shell.co.uk

Continuation of strategic cooperation with Gazpromneft

Photo: Wikimedia

Prime Minister Aleksandar Vucic met today with Director General of Gazpromneft PAO Alexander Dyukov to discuss the continuation of the strategic cooperation between the Republic of Serbia and the company Gazprom in the energy field.

Photo: Wikimedia/The Council of the Federation of the Federal Assembly of the Russian Federation

Vucic expressed his gratitude for the positive remarks, and stressed the readiness of our country to work together on the development of the company NIS, and thus on the development of the oil and gas industry and the energy sector of Serbia.

Dyukov praised the good business environment in the Republic of Serbia, its positive economic reforms and stable environment for business.

The officials, among other things, discussed support for the further development of the petrochemical complex of the Republic of Serbia with an emphasis on the company MSK from Kikinda and Petrohemija in Pancevo, as well as assistance of Gaspromneft in the supply of raw materials.

They also talked about the projects and renewable energy sources, as well as the development of retail network of company NIS in Serbia.

Source: srbija.gov.rs

Minister Tiilikainen: Finland to Achieve Carbon-Neutrality by 2045

Photo: Pixabay
Photo: Pixabay

Finland has every opportunity to serve as a model country in climate and energy policy, says Minister of Agriculture and the Environment Kimmo Tiilikainen. Making use of the available and new solutions will also boost investments and employment.

Finland aims at 80 to 95% emissions reductions by 2050 from the levels in 1990. According to the Government’s Energy and Climate Strategy, by 2030 we would have 250 000 electric cars and 50 000 gas cars, while at least a third of the road transport biofuel would come from renewable sources. By 2030, coal will no longer be used for energy and the use of oil has been halved.

These are among the means by which Finland is to implement the Paris Agreement on Climate Change that entered into force last November. The agreement requires that during the latter half of the century the emissions and carbon sinks must be in balance.

“In Finland this balance can be reached sooner, in 2045 at the latest. This is when our forests would sequester all the fossil emissions generated in Finland. In the international context this would place Finland among the highly ambitious countries. Of the other countries Sweden, for example, has set similar targets”, Minister Tiilikainen says.

With regard to forest sinks Finland is already one of the top countries in the EU as our forests sequester about 30% of the annual emissions generated in Finland. Despite the increased forest industry investments and use of wood, the growth of forests still exceeds the harvesting volumes. Thanks to the sustainable forest management that promotes the growth of forests, the carbon sinks will stay high in the years to come and be back at the current level in around 2035.

“About a decade ago several paper and pulp mills were closed down in Finland. Now new investments and increased use of wood are bringing significant numbers of jobs and boosting our exports and national economy. Actions should be targeted to wood building, which sequesters carbon on a long-term basis, and new innovations”, Minister Tiilikainen says.

According to the study by the Finnish Innovation Fund Sitra published at the end of last year, the world’s greenhouse gas emissions could be significantly reduced by the emission reduction solutions we already have in the Nordic countries.

“Together with the other Nordic countries we can be the trailblazers of ambitious climate policy”, Minister Tiilikainen concludes.

Source: valtioneuvosto.fi

Closure of One of the World’s Biggest Dumpsites

ISWA (The International Solid Waste Association), and ABRELPE (The Brazilian Association of Public Cleansing and Waste Management Companies) have taken their “closedumpsites” campaign to Brazil, home to some of the world’s largest and most dangerous dumpsites.

ISWA is campaigning to close the 50 biggest dumpsites in the world, a major source of pollution to the environment and a health threat to millions of people.

ISWA’s report “A Roadmap for Closing Waste Dumpsites”,  highlighted the Estrutural dumpsite in Brasilia, Brazil’s capital city, as one of the world’s largest and most threatening to human health.

The closure of the Estrutural dumpsite has given ISWA’s campaign its first success story. The report and the campaign was used to inspire the city of Brasilia to close down one of the largest dumpsites in Latin America and quite possibly the world.

Brasilia has hosted this huge open dump for more than 50 years and the regional government, supported by the conclusions of the ISWA report, took the decision to finally inaugurate an engineered sanitary landfill to replace the old dumpsite, which will be closed completely in 18 months.

“The governmental decision to inaugurate a Sanitary Landfill in Brasília is very important and represents the first step for the effective closure of the Estrutural dumpsite. Closing dumpsites is our main battle nowadays, because it is fundamental and the main solution for the improvement of the environment and health in any community, and a major contribution towards the implementation of the Sustainable Development Goals recently set by the UN”, says ISWA President Antonis Mavropoulos.

Source: iswa.org

ECRB Sets Out Its Priority Action Plan for the Next 12 Months

Today, the Energy Community Regulatory Board (ECRB) published its 2017 Work Programme. The work programme builds on the ECRB’s successful regulatory cooperation in the areas of wholesale and retail gas and electricity markets. It also reflects the ECRB’s new tasks and responsibilities under Regulation 347/2013 on guidelines for trans-European energy infrastructure and the Third Energy Package.

The ECRB President Branislav Prelević said: “Several challenges lie ahead of us this year, including Third Package network codes and guidelines. Their implementation in the Energy Community will require regulators to reshape their modes of operation and explore new ways of cross-border cooperation. We are ready to meet these challenges head on. The ECRB is committed to strengthening its role as an independent voice in the context of strategic regional energy market developments. The expertise of our members serves as a bridge between the technical needs of the regulated industry and the interests of energy consumers”.

Source: energy-community.org

Palestinians Discuss Development of Gas Field with Shell

The Palestinian Investment Fund (PIF) announced on Monday that it has been discussing the development of Gaza Marine Gas Field with Shell, Anadolu has reported.

Gaza Marine is about 30km off the coast of the Gaza Strip in the eastern Mediterranean; it is estimated to contain about 28 million cubic metres of gas.

British Gas bought the concession from the Palestinian Authority in 1999 but the development of the project has been on hold due to Israeli obstacles. Preventing the development of the project is part of the internationally-backed Israeli siege of the Gaza Strip. Shell bought the British Gas stake in Gaza Marine recently, and it is now the main developer of the field.

The Director of the PIF, Mohamed Mustafa, told Anadolu that the current discussions with Shell concentrate on accelerating the development of the project. He noted that there had been a study to connect a pipeline from the field to the sole electricity plant in Gaza. “The most important thing, though, is that we get Israel’s permission for this pipeline because it crosses its land,” he explained.

According to Offshore-technology.com, Shell holds a 90 per cent interest in the field. The stake will reduce to 60 per cent if the PIF and Consolidated Contractors Company (CCC) decide to exercise their options. PIF and CCC would subsequently hold 30 per cent and 10 per cent interests respectively.

The PIF is a sovereign Palestinian fund with capital of $800 million.

Source: middleeastmonitor.com

Photo: shell.com

This Danish School Has Installed The World’s Largest Solar Facade

A new building in Copenhagen is covered by 12,000 colourful solar tiles, making it one of the largest building-integrated solar power plants in Denmark.

The tiles completely cover the building and will provide it with 300 MWh of electricity per year, meeting over half of the new campus of Copenhagen International School’s energy needs.

But aside from being the largest installation of its kind in the world according to the developers, the tiles are also architectural features in their own right.

Based on a new technology developed in Switzerland, the tiles are a distinctive “sea green” – not unlike Copenhagen’s iconic Little Mermaid statue.

The unusual color is the result of a complicated process of light interference developed over more than a decade in the labs of the Ecole Polytechnique Federale in Lausanne (EPFL).

It took the researchers 12 years to figure out how they could define the colour of their solar tiles without adding any pigments to the materials.

By ensuring that only certain wavelengths are reflected, they can now make the tiles appear in colours such as brick red, royal blue, golden yellow or sea green as used in Copenhagen.

The researchers developed special filters, which they applied to the glass panels in nanometric layers. The filter design determines which wavelengths of light will be reflected as visible color.

You may have seen a similar effect in a soap bubble or in a layer of oil on the surface of water.

“The iris effect creates a colorful rainbow on a very thin layer. We used the same principle and adapted for glass,” said Jean-Louis Scartezzini, the head of the Solar Energy and Building Physics lab at EPFL.

The rest of the sunlight is absorbed by the solar panel and converted into energy.

About half of all energy used in Europe is for cooling and heating, but so far renewables only contribute 18 per cent to that.

At a different university in Switzerland, ETH Zurich, researchers have developed an adaptive solar façade in another effort to help counter that.

The system can be installed on existing buildings to generate electricity while allowing daylight to pass through into the building. The panels can be shifted to provide shading when needed.

But it is not just renewable energy that is powering Europe’s buildings. Energy efficiency should be seen as an energy source in its own right according to the European Commission, which says energy efficiency will play a key role in speeding up the transition to clean energy while boosting growth and jobs.

The buildings sector accounts for some 40 per cent of Europe’s energy consumption. Renovating existing buildings, households and businesses could greatly reduce their energy use – and drastically cut bills for consumers and businesses.

Because two-thirds of Europe’s buildings were built when energy efficiency requirements were limited or non-existent, there is a huge opportunity to upgrade existing buildings to drive down costs and emissions.

Better insulation is one of the first places to start to keep heating and cooling bills down.

Keeping buildings warm accounts for more than 80 per cent of heating and cooling consumption in colder climates. In warmer countries, space cooling is the most important use – and it is growing because of climate change.

Delft University of Technology in the Netherlands is testing out a new innovation that acts like a building’s second skin.

Existing buildings can be upgraded with the pre-fabricated material and the occupants can continue to use the space during construction.

Researchers in Gothenburg, Sweden, are also working on lighter, thinner and more durable materials that will meet stricter building regulations. One of the projects at Chalmers University of Technology focuses on ultra-thin concrete wall panels.

The researchers use a waste product from the iron industry as an eco-friendly alternative material. It fully replaces traditional cement, rendering one of the most CO2 intensive industrial processes obsolete. The use of textile reinforcement instead of steel additionally reduces the amount of cement in concrete walls.

On average, the renovation rate of buildings in the European Union is only around 1 per cent per year, this means that renovating all of Europe’s buildings would take roughly 100 years.

Although in Germany and France, around 1.75 and 1.5 per cent of buildings are already being renovated annually, the European Commission says it is introducing new measures to further speed up the decarbonisation of existing buildings as part of its Clean Energy for All Europeans plan.

The European Union’s climate innovation initiative, Climate-KIC, already connects universities and businesses in its Building Technologies Accelerator to speed up the decarbonisation of the buildings sector.

To figure out how this could work best in practice, Climate-KIC is also testing out new energy efficiency innovations and building materials in real-life settings in homes and offices around Europe.

Source: dailyplanet.climate-kic.org

Competition Launched to Find Innovative Solutions for Greener Cities

IoT for Greener Cities is a new challenge launched as an initiative of the Young Global Leaders of the World Economic Forum. It targets finding and developing cutting-edge technologies, based on the Internet of Things (IoT) and other IT innovations, which could be easily introduced in our homes, buildings and cities to reduce CO2 emissions and improve local air quality.

The competition is open to any small team with an idea that they think can be scaled up to help decarbonise and improve cities’ environmental footprint. After a voting stage, up to 15 finalists will receive six weeks of mentoring from experts to overcome technical or business related challenges. The finalists will then have the opportunity to present their idea to a jury of experts from a range of European companies and public stakeholders, including the European Union and the World Economic Forum, with the winning team in each category receiving six months of further technical support, visibility within the partners’ networks and €10,000 worth of prizes.

The competition follows the success of the first Decarbonathon competition that saw 230 teams from all over the world compete in the wake of the Paris climate change negotiations, COP 21, to find promising new ways of reducing CO2 emissions. The winners received significant support to help scale up their innovation.

The new IoT for Greener Cities challenge is looking for IT-based innovations that particularly utilise the potential of IoT: the emerging area that makes use of interconnected smart devices to better understand and tackle challenges such as climate change. The competition comprises three categories: smart solutions for households, smart solutions for energy-efficient buildings and sustainable mobility in an urban environment.

In addition to the Young Global Leaders of the World Economic Forum, the competition is facilitated by ENGIE, the Centre for Carbon Measurement at NPL, Climate-KIC and Energy Ville – a European research centre focusing on energy-efficient buildings and intelligent networks for a sustainable urban environment.

The partners will provide support and mentoring for applicants, to help design and speed up the commercialisation of these new solutions. The main phases of the competition are:
Online registration of the teams until 22 March 2017
Selection and publication of the best 15 ideas on 4 April 2017

A two-day event in Brussels on 15 May 2017 for the finalists to prepare their pitch to be presented to the jury on 16 May 16 and followed by the annoucement of the winners.

Isabelle Kocher, ENGIE CEO, said: “With our partners we are fully committed to support for a second year this global world initiative of the Young Global Leaders. Within ENGIE we believe in a 3D revolution of the world of energy, being more decentralized, decarbonized and digitalized. In this regard, new data-based solutions and IoT will trigger a better use of energy with a positive impact on the environment.”

For more information visit npl.co.uk.

Source: npl.co.uk

Chicago Receives 130 Complaints about Buildings without Recycling Options

Foto: Pixabay
Photo: Pixabay

Chicago’s Department of Streets and Sanitation (DSS) has received 130 complaints so far about residential and commercial high-rise buildings not complying with a new city recycling requirement since it took effect on Jan. 1, as reported by the Chicago Sun Times.

City inspectors will now visit each site to verify the claims and give property owners a warning to comply within 30 days. After that, penalties for the first violation could be up to $1,000 and the second violation within one year could cost up to $2,500. Any after that could cost up to $5,000 within one year of the most recent violation.

Because these penalties can compound on a daily basis, the Chicago Association of Realtors has called them “unduly onerous” and is unhappy with the system. DSS has repeatedly said that the intent is to work with property owners rather than penalize them.

Chicago has had a high-rise recycling requirement since 1993, but it was rarely enforced and DSS has issued less than 200 violations in the past 10 years. Last summer, Mayor Rahm Emmanuel decided to push for a change as part of a lager citywide recycling update and ran up against powerful real estate interests. While the 30-day warning period was added as a compromise, they are still not happy with the new ordinance.

In addition to arranging for collection in these high-rise residential and office buildings, landlords are also expected to educate tenants about the city’s single-stream recycling requirements. This policy is similar to a recent update to Delaware’s statewide recycling regulations around multi-unit buildings, though in this case the expectation is that landlords will be responsible for the change rather than haulers. The focus on multi-unit buildings is not unique and a number of other cities have also been targeting them in efforts to improve their diversion rates.

Once property owners can get past these initial logistical challenges they have the potential to help improve the city’s recycling system for years to come. Because some younger residents have grown up living or working in buildings without recycling it isn’t a part of their daily routine and that is seen as one of many factors in Chicago’s low diversion rates. Poor participation and high contamination have become such an issue that DSS recently decided to simplify its recycling requirements in some neighborhoods to stabilize the program.

Source: wastedive.com

Iran to Sell Russia 100,000 Barrels of Oil per Day – State TV

Photo: Pixabay
Photo: Pixabay

Iran announced on Tuesday it will begin selling 100,000 barrels of oil per day to Russia within the next 15 days and receive payment half in cash and half in goods and services, the Iranian Students’ News Agency (ISNA) reported.

Iranian Oil Minister Bijan Namdar Zanganeh provided details about the deal after meeting Russian energy minister Alexander Novak in Tehran, ISNA said.

“Of course we were ready to sign the contract tonight but our Russian counterpart was in a hurry and had to go to the airport,” Zanganeh said. He added that a number of Russian companies have already signed memorandums of understanding with Iranian companies.

Zanganeh said that Russia will be cooperating with an OPEC decision last November to cut production levels and will be reducing its oil output by 300,000 bpd, according to ISNA.

Source: middleeastmonitor.com

CO2 Cuts: Finding the Right Balance between Protecting Trade and Fighting Climate Change

MEPs vote last week on plans to reform the EU’s emissions trading system (ETS), a scheme set up to help reduce greenhouse gases, which is not not working as expected. Although the EU is the world’s third largest CO2 emitter, it also harbours the most ambitious climate target: to cut emissions by at least 40% by 2030 compared to 1990 levels. The plans voted on in Parliament this week should help achieve this target while maintaining Europe’s industrial competitiveness.

Launched in 2005, the emissions trading schemes obliges more than 11,000 power plants and factories to hold a permit for each tonne of CO2 they emit. Companies have to buy them through auctions. However, some of them are allocated for free, particularly in sectors at risk of having companies move production to other regions with laxer emission constraints.

The amount of permits put on auction is reduced year by year. The share of freely allocated permits is also reduced, except for critical industries. This should provide a financial incentive to pollute less: the less you pollute, the less you pay.

However, the price of permits have been very low in recent years because of oversupply, which means companies have little incentive to switch to less polluting technologies.

On Wednesday, MEPs vote on proposals aimed at reducing oversupply and boosting prices, including a proposal to reduce the supply of permits at a faster rate, as well as putting a certain amount of them in reserve.

The changes will form the basis of further negotiations with the governments of member states on the final text of the directive. UK ECR member Ian Duncan, who wrote the report with recommendations to fellow MEPs, will lead the negotiations on behalf of Parliament.

Source: europarl.europa.eu

The Cost of Air Pollution: Strengthening the Economic Case for Action

The Cost of Air Pollution: Strengthening the economic case for action, a joint study of the World Bank and the Institute for Health Metrics and Evaluation (IHME), seeks to estimate the costs of premature deaths related to air pollution, to strengthen the case for action and facilitate decision making in the context of scarce resources.

An estimated 5.5 million lives were lost in 2013 to diseases associated with outdoor and household air pollution, causing human suffering and reducing economic development. Those deaths cost the global economy about US$225 billion in lost labor income in 2013 and more than US$5 trillion in welfare losses, pointing toward the economic burden of air pollution. You can find study here.

Source: openknowledge.worldbank.org

Singapore to Introduce Carbon Tax to Curb Emissions

Photo: Pixabay
Photo: Pixabay

Singapore is set to introduce South East Asia’s first carbon tax in 2019 under plans revealed by Finance Minister Heng Swee Keat yesterday.

The scheme, which would see more than 30 of the nation’s largest polluters forced to pay tax on their emissions, would initially price a tonne of greenhouse gas emissions at between S$10 (US$7) and S$20 (US$14).

Although the Singapore government admitted the initiative would likely push up energy prices by between two and four per cent, Swee Keat said the tax is the fairest and most efficient way to bring down emissions.

“The most economically efficient and fair way to reduce greenhouse gas emissions is to set a carbon tax, so that emitters will take the necessary actions,” he said during his 2017 budget speech. “Singapore is vulnerable to rises in sea level due to climate change. Together with the international community, we have to play our part to protect our living environment.

Under the Paris Agreement, Singapore has promised to reduce its emissions intensity by 36 per cent by 2030, against 2005 levels, and peak overall emissions by around 2030.

The tax would be imposed on carbon dioxide emissions alongside five other greenhouse gases including methane and hydrofluorocarbons. Revenues will be used to help fund industry emission reduction measures.

An industry consultation has already been launched on the proposal, which Swee Keat said has the potential to “spur the creation of new opportunities in green growth industries such as clean energy”. A final decision is expected in the coming months.

The move comes as China is preparing to launch what is expected to be the world’s largest carbon market. The country has been testing regional pilots, and intends to launch a nationwide scheme by the end of the year.

Source: businessgreen.com

Siemens Tops Clean 200 as Chinese Firms Dominate Rankings

German tech giant Siemens has topped the latest Clean 200 list of publicly traded corporations which make significant revenue from green energy, while Chinese companies continue to dominate the rankings.

Revealed today, the Clean 200 list ranks firms according to green revenues, and features major, established clean tech names such as France’s Schneider Electric SE, US EV company Tesla, Spanish energy firm Gamesa and Danish firms Vestas Wind Systems and DONG Energy within the top 20.

Other major corporations such as Panasonic, Philips Lighting, Bombardier Inc. and Emerson Electric also feature highly in the list, which was last year topped by Japanese car company Toyota – now in second place – in the inaugural Clean 200.

However, while the highest-ranked Chinese firm in the list – Xinjiang Goldwind Science & Technology Co Ltd – sits only at number 15, there are as many as 71 companies from China in the latest quarterly rankings, which is almost double the 41 companies featured from the USA.

Meanwhile, only two UK companies again feature in the latest rankings – energy utility firm SSE Plc at number nine and Dialogue Semiconductor at 161.

Compiled by non-profit organisation As You Sow and market research firm Corporate Knights, the list ranks the largest publicly quoted companies worldwide by their total clean energy revenues, as rated by Bloomberg New Energy Finance.

To qualify, companies must have a market value of at least $1bn and generate 10 per cent of their revenues from clean sources.

Overall, according to Corporate Knights, since the first Clean 200 rankings last August, companies in today’s list only slightly underperformed those in the S&P Global 1200 indices by 1.3 per cent, despite a “tumultuous” period for global stock markets that included President Trump’s surprise US election win in November.

Commenting on today’s rankings, Corporate Knights’ CEO Toby Heaps said the domination of Chinese companies in the Clean 200 was particularly impressive given that China’s stock market is less than half the size of the USA’s.

A number of recent analyses have suggested China could be set to take the lead in the global green economy with the country announcing billions of dollars of investment into renewables and clean technology worldwide in recent months. Meanwhile, President Trump – known to harbour a distaste for wind farms – has indicated he favours greater support for USA’s fossil fuel industries.

“The clean energy ‘space-race’ is on and China is in pole position,” said Heaps. “Whether or not the US can climb out of second place will depend in no small measure on the new administration’s ability to make America green again.”

Updated quarterly, the Clean 200 list excludes all oil and gas companies as well as utilities which generate less than 50 per cent of their power from renewable sources. Also excluded are companies which engage in “negative climate lobbying” or profit from tropical deforestation, weapons manufacturing and the use of child and/or forced labour.

The list serves as a parallel listing to the ‘Carbon Underground 200’ ranking of fossil fuel companies being targeted for divestment.

Source: businessgreen.com