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U.S. to Pull out of Paris Climate Change Agreement under Trump

Photo-illustration: Pixabay
Photo-illustration: Pixabay

As seemed likely from the day Donald Trump was elected president of the United States, the country will pull out of the global Paris Climate Agreement to reduce greenhouse-gas emissions.

The move had been signaled even before the election by the new president’s choice of noted climate-science denier Myron Ebell as head of his EPA transition team.

Indeed, yesterday, Ebell confirmed that the U.S. would pull out of the global pact under which China, the U.S., Europe, and India all agreed to slash carbon-dioxide emissions over the next two decades.

As recounted in an article by the Reuters news service, Ebell spoke to reporters in London and confirmed the pullout.

“The U.S. will clearly change its course on climate policy,” he said, according to Reuters. “Trump has made it clear he will withdraw from the Paris Agreement.”

Whether that happens immediately by executive order, or as part of a larger package of changes to environmental regulation and the EPA, Ebell suggested, apparently remains undecided.

The Paris climate agreement was negotiated in December 2015 by 193 nations, including the U.S., which had notably declined to ratify its predecessor, the 1997 Kyoto Protocol.

The new agreement took effect last November, after India and the 28 members of the European Union ratified the agreement within days of each other in October. To become binding, the agreement had to be signed by 55 countries, representing 55 percent of global emissions.

Its most important goal is to hold the increase in global average temperature to well below 2 degrees C (3.6 degrees F) above the pre-industrial levels that prevailed in 1700 or earlier.

Any country that has ratified the Paris agreement must wait four years to withdraw, but Reuters quotes a source on the Trump transition team saying there are speedier ways to accomplish that goal.

They include a letter withdrawing the U.S. from the 1992 parent treaty that led to the agreement, issuing a presidential order deleting the U.S. signature on the treaty, or voiding U.S. participation in any activities toward the pact’s goals.

Withdrawing from the United Nations Framework Convention on Climate Change, Ebell said, would be the “cleanest” way to end U.S. involvement.

“The people who elected [Trump] would prefer not to have a seat at the table,” he said. In his London comments, Ebell also discussed the new administration’s plans to slash environmental regulation and ease fossil-fuel extraction and transportation.

He said he expected the political views of Federal Energy Regulatory Commission executives and staff to change “dramatically” under the new president.

Among other duties, FERC reviews applications for the construction and operation of fossil-fuel and electricity transport infrastructure, notably including natural-gas pipelines.

“Given the way the campaign went,” Reuters said Ebell told reporters, “I think you will see very quick executive action to expedite LNG (liquefied natural gas) terminals and pipelines.”

Whether these changes are predicated on the confirmation of Oklahoma attorney general Scott Pruitt to head the U.S. Environmental Protection agency also remains unclear.

Pruitt also denies the accepted science of climate change, and has sued the agency he is nominated to lead a remarkable 14 times to prevent it enforcing its rules.

No date has been set for his confirmation vote by the U.S. Senate; Pruitt appears to be one of the Trump nominees against whom there is most resistance by the minority party.

Source: greencarreports.com

World Wetlands Day – 2. February

WWD17_homepage_E2nd February each year is World Wetlands Day. This day marks the date of the adoption of the Convention on Wetlands on 2. February 1971, in the Iranian city of Ramsar on the shores of the Caspian Sea.

Each year since 1997, the Ramsar Secretariat has provide and value of wetlands.

On 27 January 1998, the then Secretary General of the Ramsar Convention Secretariat, Mr. Delmar Blasco, signed the first partnership agreement between a global environmental convention and the private sector with Mr. Franck Riboud, CEO of the Danone Group, Yves Buchsenschutz, Director General of the Evian Water Company, France, part of the Danone Group, and Mrs. Dominique Voynet, French Minister for the Environment.

The Danone–Evian Fund for Water was born. Its mission is to raise awareness among decision-makers and the public at large of the importance of water resources through a portfolio of projects and educational products.

Thanks to financial support from Danone, each year communications materials for World Wetlands Day are produced in the Convention’s three official languages: English, French and Spanish.

Source: worldwetlandsday.org

Campus Greenhouse Gas Emissions Down 7 Percent Since 2014

MIT-Campsus-Emissions-1_0

MIT’s total campus emissions have dropped by 7 percent since 2014, according to MIT’s second annual greenhouse gas inventory. The inventory, whose results were released by the MIT Office of Sustainability in collaboration with the Department of Facilities and the Environment, Health and Safety Office, measured campus emissions in fiscal year 2016, which runs from July 2015 through June 2016. The analysis provides a wealth of data to inform MIT’s carbon-reduction strategies going forward.

“Step by step, we are making encouraging progress across the Institute,” says Don Holmes, director of maintenance and utilities in MIT’s Department of Facilities. “Teams from across the departments are employing creative energy-saving strategies that help optimize building performance, including upgrades to systems and lighting, improved insulation, and higher-efficiency materials and equipment. We are also investing in an upgrade to our power plant that will achieve additional emissions reductions.”

One year ago, when President L. Rafael Reif announced MIT’s five-year Plan for Action on Climate Change, the Institute committed to being a leader in solving the complex, global challenge of climate change. The announcement galvanized the already-engaged MIT community to take direct action to meet the plan’s goals.

One such goal is to use the campus as a “test bed” for climate action, and develop solutions to reduce campus emissions by at least 32 percent by 2030 with a plan toward achieving carbon neutrality as soon as possible. The inventory is being used to inform MIT’s carbon reduction plans and as a tool for campus learning and engagement.

“The greenhouse gas inventory is an indispensable tool for tracking and managing our efforts to reduce MIT’s campus carbon emissions. Just as importantly, by making the data publicly available, the inventory serves as a critical tool for engaging more members of the MIT community in reducing consumption and achieving our campus carbon emissions goals,” says Vice President for Research Maria Zuber.

With the underlying energy and greenhouse gas (GHG) data publicly available, staff, students, and faculty can use the inventory to support the Institute’s efforts to identify ways to reduce MIT’s emissions, understand related energy and emission trends, and refine data collection methods.

A greenhouse gas inventory assesses the quantity of greenhouse gases the Institute produces, and identifies the emissions’ sources. The team used the Campus Carbon Calculator — the most commonly used inventory tool for universities — to convert data from the MIT campus into a single unit: metric tons of carbon dioxide equivalent (MTCO2e). For this inventory, MIT measured its campus greenhouse gas (GHG) emissions associated with burning fossil fuels, and the emissions of noncombusted GHGs used in research, refrigeration, and electrical insulation. The MIT Office of Treasury and Planning then audited the findings for accuracy.

The 2016 inventory builds on the findings of the first inventory, released in January 2016, which reported campus emissions from 2014 and 2015 and established the 2014 emissions as a baseline for tracking changes. In 2016, MIT continued to measure its greenhouse gas emissions from three areas (as it did in 2014 and 2015): building energy use for Cambridge-based academic purposes, fugitive gases, and campus-owned vehicles.

“The data from our latest GHG inventory affirm that the strategies we have put in place are beginning to show results,” says Office of Sustainability Project Manager Steven Lanou, who managed the development of the inventory.

As in previous inventories, the largest source of campus emissions is the energy used to heat, cool, and power buildings. Ninety-seven percent of the Institute’s emissions are associated with the operation of labs, offices, residences, and other building facilities across campus. MIT leases approximately 515,000 gross square feet to accommodate departments in Cambridge, which account for 3 percent of these building-related emissions.

The inventory revealed that fugitive emissions, GHGs that are emitted on campus through noncombustion processes used in research, refrigeration, and electrical insulation, account for 2 percent of campus emissions.

Finally, campus-owned vehicles, MIT’s fleet of over 160 shuttles and departmental vehicles, account for 1 percent of emissions through their fuel combustion.

Between 2014 and 2016, the campus achieved a 7 percent reduction in overall emissions, from 213,428 MTCO2e in 2014 to 198,038 MTCO2e in 2016. The majority of the change came from the reduction of emissions in MIT-owned buildings, followed by reductions in fugitive gases, and fleet vehicle emissions. While there was an overall increase in leased space in 2016, increased emissions associated with leased space are primarily the result of better data tracking and collection practices.

Changes in emissions are expected to fluctuate year-to-year. For example, between 2014 and 2015, MIT recognized a 5.8 percent net reduction in emissions, while between 2015 and 2016 a net reduction of 1.4 percent was realized. Changes in space use, operations at MIT’s central utility plant, and weather can all influence emissions.

MIT achieved this reduction in its GHG emissions from 2014 through several strategies, including investing in energy efficiency and use of cleaner fuels, while also benefiting from relative improvements in grid-purchased electricity. Successful energy efficiency strategies included investments in new construction and renovation, upgrades in space lighting, building retro- and monitoring based-commissioning to optimize building performance, mechanical system upgrades, and utility distribution system insulation. Since FY2014, it is estimated that MIT’s investments in building energy efficiency lowered MIT’s annual total emissions by 8,400 metric tons of greenhouse gases — an amount equal to over half of the measured reductions.

While the 2016 GHG inventory shows encouraging results, there is still significant work to be done in achieving the Climate Action Plan goal of at least a 32 percent reduction in emissions. Shaped by past experience and new knowledge, MIT is already looking ahead to reduce its climate impact through several strategies.

The CUP Upgrade Project will replace the current natural gas turbine, add a second turbine, and upgrade for energy efficiency. These renovations will bring three major improvements: improved campus power resilience, reduced GHG emissions, and reduced regulated pollutant emissions. The renovation is expected to be completed by late 2020.

MIT will look to reduce the emission of fugitive gases through chemical substitution, enhanced material capture and reuse, and possible process redesign in its laboratories. For its campus vehicle fleet, MIT seeks to expand of the use of alternative fuels, optimize vehicle sizes for required duty, and improve transit routing and scheduling. As for the buildings MIT leases in Cambridge, emissions reduction strategies will require partnerships with leasing companies to advance energy efficiency and renewable energy sources in non-MIT owned properties.

Looking forward, MIT recognizes that investing in renewable energy by deploying additional renewable energy systems on campus and enabling off-site renewable energy production is a key component of the plan. In October 2016, MIT committed to partnering and investing in the development of the Summit Farms Solar Project in North Carolina, a 60 megawatt solar photovoltaic farm. When this project is completed in 2017, MIT will purchase solar energy equivalent to 40 percent of its current electricity use, which will neutralize emissions by 17 percent. This alliance with Boston Medical Center and Friends of Post Office Square is an additional demonstration that MIT is prepared to take large-scale action on climate change.

Source: energy.mit.edu

A Step Toward Renewable Diesel

MIT-Lipid-Bio_0

MIT engineers have genetically reprogrammed a strain of yeast so that it converts sugars to fats much more efficiently, an advance that could make possible the renewable production of high-energy fuels such as diesel.

The researchers, led by Gregory Stephanopoulos, the Willard Henry Dow Professor of Chemical Engineering and Biotechnology at MIT, modified the metabolic pathways of yeast that naturally produce large quantities of lipids, to make them about 30 percent more efficient.

“We have rewired the metabolism of these microbes to make them capable of producing oils at very high yields,” says Stephanopoulos, who is the senior author of the study, which appears in the Jan. 16 issue of Nature Biotechnology.

This upgrade could make the production of renewable high-energy fuels economically feasible, and the MIT team is now working on additional improvements that would help get even closer to that goal.

“What we’ve done is reach about 75 percent of this yeast’s potential, and there is an additional 25 percent that will be subject of follow-up work,” Stephanopoulos says.

The paper’s lead author is former MIT postdoc Kangjian Qiao. Other authors are former MIT graduate students Thomas Wasylenko and Kang Zhou, and former MIT postdoc Peng Xu.

Renewable fuels such as ethanol made from corn are useful as gasoline additives for running cars, but for large vehicles like airplanes, trucks, and ships, more powerful fuels such as diesel are needed.

“Diesel is the preferred fuel because of its high energy density and the high efficiency of the engines that run on diesel,” Stephanopoulos says. “The problem with diesel is that so far it is entirely made from fossil fuels.”

Efforts to develop engines that run on biodiesel made from used cooking oils have had some success, but cooking oil is a relatively scarce and expensive fuel source. Starches such as sugar cane and corn are cheaper and more plentiful, but these carbohydrates must first be converted into lipids, which can then be turned into high-density fuels such as diesel.

To achieve this, Stephanopoulos and his colleagues began working with a yeast known as Yarrowia lipolytica, which naturally produces large quantities of lipids. They focused on fully utilizing the electrons generated from the breakdown of glucose. To achieve this, they transformed Yarrowia with synthetic pathways that convert surplus NADH, a product of glucose breakdown, to NADPH, which can be used to synthesize lipids. They ended up testing more than a dozen modified synthetic pathways.

“It turned out that the combination of two of these pathways gave us the best results that we report in the paper,” Stephanopoulos says. “The actual mechanism of why a couple of these pathways work much better than the others is not well-understood.”

Using this improved pathway, the yeast cells require only two-thirds of the amount of glucose needed by unmodified yeast cells to produce the same amount of oil.

While this new glucose-to-lipid conversion process could be economically feasible at current prices for cornstarch, the researchers are hoping to make the process even more efficient, Stephanopoulos says.

“There is still room for more improvement, and if we push more in this direction, then the process will become even more efficient, requiring even less glucose to produce a gallon of oil,” he says.

The researchers are also exploring using cheaper sources of plant material, such as grass and agricultural waste, which would require converting the cellulose that makes up those plant materials into glucose.

The research was funded by the U.S. Department of Energy.

Source: energy.mit.edu

Transforming the Power Sector, at IRENA Ministerial Meeting

irena-power-sector-ministerial-roundtable-panelRenewable energy, for three years running, has accounted for more new power generation capacity installed worldwide than all other sources combined. In 2015, over USD 270 billion were invested in solar PV and wind power, boosting capacity by 47 GW 63 GW respectively. This capacity is expected to only grow and efforts are now focusing on implementing an innovative enabling framework to integrate these technologies at the scale needed. But that is not a simple task and questions still remain: what technologies and tool are part of the power sector transformation? What still needs to be developed? And how can IRENA assist?

“The transformation of the energy sector towards a renewables-based one is moving forward at an accelerated pace. Nowhere is this revolution more evident than in the power sector,” said Adnan Z. Amin, IRENA Director-General, at the opening Ministerial Roundtable, Towards an Economy Fuelled by Renewable Power: Innovation for the Next Stage of the Power Sector Transformation.

Government officials from around the world gathered to discuss the ongoing power sector transformation, and converse with prominent executives from the energy industry on its future development and outlook.

Integrating high shares of variable renewable energy in power systems, is a challenge not only from the perspective of securing the power supply, but also from the perspective of how to manage the surplus power from these sources.

In some countries at certain times, variable renewable power generation exceeds demand. Windy days in Denmark can produce 116% of the domestic power demand, and a share as high as 140% was reached in July 2015. In Portugal, wind power produced up to 65% of domestic power demand on some days in December 2015. On 8 May 2016, 95% of Germany’s domestic power demand was supplied by solar PV and wind power, and exports of electricity surged.

Energy experts and country representatives agreed that a holistic innovation approach is needed to tackle this challenge. Innovations ranging from technology to market design and business models all have a role to play. Part of the solution lies in implementing innovative flexibility measures in the power system, including additional cross-border interconnections, electricity storage systems, demand side management strategies, and advanced weather forecasting.

Luiz Barroso President of Brazil’s Energy Research Company, explained the country’s use of renewable energy auctions and biofuels, and highlighted how hydro and renewables can be used to leverage both technologies, something recently explored in IRENA’s market analysis of Latin America.

Barroso highlighted that although financing is available, risk allocation and business models are everything to tap these resources. “We like renewables because their short construction time is a hedge against economic uncertainty,” he told the Ministerial Roundtable, while explaining that currency risk can be an issue in emerging economies.

The outcomes of the Ministerial Roundtable was reported back to the Assembly, and will further feed into IRENA work, particularly IRENA’s two alternating biennial activities regarding the power sector transformation; the IRENA Innovation Week, which was last held in 2016; and the Innovation landscape report for the power sector transformation, which is expected to come out later this year. They will highlight not only technological innovations, but the market, regulatory, and business model changes that are making the up-scaling of variable renewables possible.

To learn more about innovation, check out IRENA’s innovation outlook reports on offshore wind power, advanced liquid biofuels, and renewable mini-grids.

Source: irenanewsroom.org

Tesla’s New Powerpack Battery Storage Project in Southern California Is the Largest on Earth

Photo: Tesla
Photo: Tesla.com

Mira Loma, California — Tesla cut the ribbon on a massive battery storage facility in the Southern California desert, 60 miles east of Los Angeles on Monday.

The Powerpack project, a joint venture with local electricity provider, Southern California Edison (SCE), will support grid operation during peak hours and improve the integration of renewable energy resources.

“This project is exactly in line with our mission to accelerate sustainable technology and sustainable energy broadly for the world,” Tesla Chief Technology Officer, JB Straubel, said.

“Storage is a piece that’s been missing on the grid since the grid was invented, so thanks to these technologies, we’re right at the turning point of being able to deliver storage and use renewables — solar, wind, and others — that can power people’s needs for longer parts of the day,” Straubel said.

The Powerpack is a commercial-scale variation of Tesla’s consumer-level Powerwall battery product. It loads up on energy from the sun and from the electric grid during off-peak hours. One Powerpack pod at the Mira Loma site contains 16,000 lithium-ion battery cells each, providing more than 210 kWh per pack.

Noting that this type of technology was not possible five or 10 years ago, Straubel said the amount of storage the Powerpacks at Mira Loma provide is unprecedented considering its relatively small footprint.

“The Mira Loma site can provide the equivalent energy storage of several hundred acres of solar panels,” Straubel said, adding that the facility “is able to to fit into this tight footprint right next to existing substations, and doesn’t really take up any substantial new land.”

“And every piece of this product — the battery, the battery modules, the power electronics, the inverters — was assembled by Tesla workers right here in the US,” Straubel said, seeming to nod to President Donald Trump, who has made examples of US companies that have sent manufacturing jobs overseas.

The Powerpacks are manufactured at Tesla’s massive Gigafactory in Sparks, Nevada.

SCE awarded Tesla the contract for the Mira Loma project last fall, but Tesla has been plugging away at building its energy business for some time. To date, 300 megawatt-hours worth of Tesla batteries have been deployed in 18 countries.

Source: businessinsider.com

Hangzhou Fengling Finishes 200 MW Solar-Aquaculture Project

Photo: Pixabay
Photo-illustration: Pixabay

The developer connected the massive installation to the grid earlier this month in eastern China, roughly 150 kilometres south of Shanghai.

The panels were mounted on piles above the surface of the Changhe and Zhouxiang reservoirs in Cixi, Zhejiang province.

The Hangzhou-based company invested approximately 1.8 billion yuan ($262.6 million) in the project, which spans about 299.5 hectares.

It did not reveal the solar panel supplier.

In an online statement, the Cixi municipal authorities hailed the project as a “new model” for solar-aquaculture projects, as the PV modules were deliberately spaced far apart to allow enough sunlight to penetrate the water, which is critical for the growth of the fish beneath the surface.

Construction started in late June and wrapped up in December.

The project is expected to annually generate about 220 GWh of electricity, or enough to cater to the needs of roughly 100,000 homes.

A unit of utility State Grid built two 110 kV substations for the project.

The installation is considerably larger than a similar 120 MW project that was completed last May in Poyang county, Jiangxi province.

Source: pv-magazine.com

Offshore Wind Energy in U.K. Far Ahead of Lower-Cost Target

Photo: Pixabay
Photo: Pixabay

The winds of change are blowing harder in the U.K. The price of energy generated by offshore wind farms has been falling steadily, and ahead of schedule too. Costs have fallen 32 percent since 2012, bringing them below a target of £100 per megawatt-hour previously set by the U.K. government and utilities.

Wind energy wasn’t expected to reach that threshold until 2020, according to the annual Cost Reduction Monitoring Framework report issued by the Offshore Renewable Energy Catapault advocacy group.

Set in 2012, the £100-per-MWh goal ultimately proved conservative, thanks to a variety of factors. The implementation of larger-capacity turbines quicker than anticipated is the likely the largest contributing factor to the cost reduction, according to the report. Other major factors cited by the report included increased competition among wind-farm developers and lower cost of capital.

The number of sites with the potential for development into wind farms now significantly exceeds the funding available from the U.K. government for such projects, the report said. This forced developers to cut costs more aggressively.

As a result, offshore-wind projects finalized in 2015 and 2016 achieved average energy costs of £97 per MWh, compared to £142 per MWh for those finalized in 2010 and 2011. In November 2016, the U.K. government announced its timing for a second round of auctions to distribute funds for new offshore wind-farm projects, to begin in April 2017.

The Offshore Renewable Energy Catapault believes further cost reductions can be achieved as these new projects are approved, but it calls for the government to devise a “set of cost-reduction priorities, timescales, and monitoring processes” to focus the effort.

Governments and utilities are now starting to see the results of years of steady decline in renewable-energy prices. In the U.S., both solar and wind are now cheaper than natural gas, according to the annual Levelized Cost of Energy analysis conducted by investment bank and research firm Lazard.

The renewable sources were found to undercut fossil fuels without subsidies, albeit only in utility-scale installations. Factoring in subsidies lowers the effective cost of electricity produced by wind and solar installations even further.

Source: greencarreports.com

London Taxi Company Poised to Rev Up £300m Coventry Electric Cab Factory

Photo: Pixabay
Photo: Pixabay

The London Taxi Company (LTC) is set to open its £300m electric black cab factory in Coventry in March with a view to producing its first vehicles for the UK market later this year, according to reports.

Speaking to Reuters, the Chinese-owned company’s chief executive Chris Gubbey revealed more than 600 workers had already been hired at the facility, which is expected to create 1,000 jobs once completed.

The expanded manufacturing facility is set to produce up to 36,000 of the company’s TX5 hybrid black cab models each year. The low emission cars include back-up petrol engines but are designed to travel up to 70 miles on electric power alone, curbing running costs, air pollution, and carbon emissions. The factory will also focus on EV research and development.

Gubbey reiterated plans for the company, which was taken over by Chinese manufacturer Geely in 2013, to expand production in order to sell the low emission vehicles in Europe from next year.

The move comes amid growing concerns about levels of air pollution in the UK capital, where this month the Mayor Sadiq Khan has issued alerts to residents about high levels of NO2 in the city.

A recent survey by LTC also suggested London cabbies are keen to switch to lower emissions models before tougher emissions regulations come into force in 2018.

In related news, oil giant Royal Dutch Shell is reportedly set to introduce electric vehicle charge points at some of its European petrol stations, while rival Total is also considering installing battery chargers at its fuelling stations in France.

As the acceleration towards electric vehicles continues apace, charging points are likely to be first installed at Shell filling stations in the UK and Netherlands later this year, according to the Financial Times, which also reports that Total is “studying the viability” of similar roll out at its facilities in France.

Shell’s director of downstream business did not say how many charge points would be installed, but told the FT the oil giant was looking at rolling out battery charging facilities in a number of countries, as well as undertaking research into other fossil fuel-substitutes such as hydrogen and biofuels.

Source: businessgreen.com

EIB Group Increases Support to Czech Republic by One Third to EUR 619 Million in 2016

Foto-ilustracija: Pixabay
Photo: Pixabay

The European Investment Bank Group provided EUR 619 million in new loans, guarantees equity in the Czech Republic in 2016, of which EUR 526 million from the EIB and EUR 93 million from its subsidiary the European Investment Fund (EIF).

The operations included five operations under the European Fund for Strategic Investments, part of the Investment Plan for Europe. Total investments triggered by these five operations alone amounted to nearly EUR 2 billion or 1.06% of the country’s GDP.

“2016 was a successful year for us in the Czech Republic. We managed to increase our financing in the country by a third compared to 2015. Our investments were aimed at reducing disparities in regional development, strengthening economic competitiveness and improving people’s living standards while using innovative financing,” said Vazil Hudák, EIB Vice-President responsible for the Bank’s operations in Central European countries, who presented the results in Prague.

In the strategic infrastructure sector, the EIB lent CZK 3 billion (some EUR 111 million) to the Czech Republic’s Energy Transmission Network Company (ČEPS a.s.) to finance the reinforcement and modernisation of the country’s electricity transmission network. This project supports the implementation of ČEPS’s 2016-2020 investment programme that involves 25 transmission schemes with voltage levels ranging from 110 kV up to 400 kV, including IT and communication systems. The network upgrading measures are geographically dispersed throughout the country.

The EIB also signed five intermediated loan contracts amounting to EUR 392.5 million with Czech financing institutions. These intermediaries – Česká spořitelna, a.s., ČSOB, a.s., ČSOB Leasing, a.s., Komerční banka, a.s. and SG Equipment Finance, a.s. – are using the EIB funds to finance projects carried out by SMEs, midcap companies and municipalities in the fields of local infrastructure, environmental protection, energy, R&D, innovation and services, including tourism. Two of the financial intermediaries, Komerční banka, a.s. and SG Equipment Finance, a.s., are using the EIB funds to increase youth employment by partly targeting firms that hire or train young people.

The EIF committed EUR 93 million in two equity, four guarantee and three microfinance operations, catalysing 636 million in new investments.

Source: eib.org

Siemens Unleashes 8MW Giant

Photo: EP

Siemens has installed and commissioned its new 8MW offshore wind turbine at the Østerild test site in Denmark.

The installation went “according to plan” the German manufacturing giant said and the hardware will now enter the final development phase.

A prototype machine featuring a 154 metre rotor was certified by DNV GL in January. It features a 120 metre steel tower.

Siemens will carry out a series of mechanical and electrical tests on the machine with final type certification expected next year.

“The installation of the SWT-8.0-154 prototype in Østerild is an important milestone in the success story of our offshore direct drive wind turbines,” said Siemens offshore wind chief executive Michael Hannibal.

“The evolution based on our platform strategy demonstrates that innovation to lower the cost of wind energy can work without compromising the proven reliability of a technically mature product.”

Source: renews.biz

Coal Demand Growth to Stall as Appetite Wanes, According to IEA

PercentageshareofcoalconsumptionBEIJING — Growth in global coal demand will stall over the next five years as the appetite for the fuel wanes and other energy sources gain ground, according to the latest coal forecast from the International Energy Agency.

The share of coal in the power generation mix will drop to 36% by 2021, down from 41% in 2014, the IEA said in the latest Medium-Term Coal Market Report, driven by lower demand from China and the United States, along with fast growth of renewables and strong focus on energy efficiency.

But in a sign of coal’s paradoxical position, the world is still highly dependent on coal. While coal demand dropped in 2015 for the first time this century, the IEA forecasts that demand will not reach 2014 levels again until 2021. However such a path would depend greatly on the trajectory of China’s demand, which accounts for 50% of global coal demand – and almost half of coal production – and more than any other country influences global coal prices.

The new report highlights the continuation of a major geographic shift in the global coal market towards Asia. In 2000, about half of coal demand was in Europe and North America, while Asia accounted for less than half. By 2015, Asia accounted for almost three-quarters of coal demand, while coal consumption in Europe and North America had declined sharply below one quarter. This shift will accelerate in the next years, according to the IEA.

Because it is relatively affordable and widely available, coal remains the world’s number one fuel for generating electricity, producing steel and making cement. It provides almost 30% of the world’s primary energy, declining to 27% by 2021. However it is also responsible for 45% of all energy-related carbon emissions and is a significant contributor to other types of pollution.

“Because of the implications for air quality and carbon emissions, coal has come under fire in recent years, but it is too early to say that this is the end for coal,” said Keisuke Sadamori, the director of the IEA’s energy markets and security directorate, who launched the report in Beijing, China.

“Coal demand is moving to Asia, where emerging economies with growing populations are seeking affordable and secure energy sources to power their economies. This is the contradiction of coal — while it can provide essential new power generation, it can also lock-in large amounts of carbon emissions for decades to come.”

The IEA’s report acknowledges China’s continued dominance in global coal markets. Coal-fired power generation in China dropped in 2015 due to sluggish power demand and a diversification policy that led to the development of new renewable and nuclear power generation capacity. The IEA forecast for Chinese coal demand shows a very slow decline, with chemicals being the only sector in which coal demand will grow, reaching 2,816 Mtce by 2021, around 100 Mtce less than the 2013 peak.

In the United States, coal consumption dropped by 15% in 2015, precipitated by competition from cheap natural gas, cheaper renewable power – notably wind – and regulations to reduce air pollutants that led to coal plant retirements. This was the largest annual decline ever, reaching levels not seen in more than three decades. Another substantial decline is expected in 2016. Looking ahead, the IEA forecasts a 1.6% per year decline, much slower than 6.2% decline over the past five years, as higher gas prices result in less coal-to-gas switching.

The brightest sign for coal was a recent unexpected boost in prices that provided relief to the industry. After a sustained four-year long decline, coal prices rebounded in 2016, mostly because of policy changes in China to cut capacity and curb oversupply. This was another example of the strong influence of macroeconomic developments and policies in China in shaping the global coal market.

The report also points out that despite the Paris Agreement there is no major impetus to promote the development of carbon capture and storage technology.

Source: iea.org

The EBRD for Renewables in Georgia

1395254431180The EBRD is a leading institutional investor in Georgia. Since the start of its operations in the country, the Bank has invested over €2.73 billion in 195 projects in the financial, corporate, infrastructure and energy sectors, with 91 per cent of those investments in the private sector.

TBC Bank, the European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are joining forces to support the expansion of renewable sources of energy in Georgia.

The institutions are providing a financial package of US$ 14.3 million (equivalent to approximately €13.5 million) to Rustavi Group LLC for the construction of a medium-size hydropower plant (HPP) in northern Georgia. The EBRD is supporting the project with a US$ 5.6 million loan and TBC Bank is contributing US$ 8.7 million. Meanwhile, the EU is backing this transaction through a risk-sharing facility based on a guarantee mechanism that makes it possible to increase the amount of financing beyond the amounts that would be available without a guarantee of this kind.

The Lukhuni 2 HPP will have an installed capacity of 17.2 MW and an expected annual generation of 86.3 GWh. During the summer period the power plant, operating on the Lukhuni River, will be eligible to export electricity to Turkey. In winter it will play a key role in providing electricity to northern Georgia. The power plant construction will benefit the citizens of Georgia  by reinforcing energy security in the country and increasing competitiveness in the energy market.

In addition to generating energy, the investment is expected to boost the development of the Racha region through the creation of new jobs. The project is in line with the strategic priorities of both the EBRD and the government of Georgia to develop renewable energy generation and infrastructure.

The EBRD financing and the EU’s support for the investment will allow Rustavi Group to implement EU standards during the construction of the HPP and to introduce more efficient and quality-oriented management practices, creating a benchmark for the industry.

Source: ebrd.com

Commission Delivers on its Circular Economy Promises

Photo: European Commision

One year after adopting its Circular Economy Package, the Commission has reported on delivery and progress to date, and tabled new ideas on waste management and investment.

One year after adopting its Circular Economy Package, the Commission today reports on the delivery and progress of key initiatives of its 2015 Action Plan. In the last year the Commission has taken measures in areas such as waste, ecodesign, food waste, organic fertilisers, guarantees for consumer goods, and innovation and investment. Circular economy principles have been gradually integrated in industrial best practices, green public procurement, the use of cohesion policy funds, and through new initiatives in the construction and water sectors.

Together with the report, the Commission also took further measures by establishing a Circular Economy Finance Support Platform with the European Investment Bank (EIB) bringing together investors and innovators, issued guidance to Member States on converting waste to energy, proposed a targeted improvement of legislation on certain hazardous substances in electrical and electronic equipment.

Building a circular economy for Europe is a key priority for the Commission. Building on the achievements of the Juncker Investment Plan, the Commission is again working with the EIB to match investors with innovators, with a goal of upscaling investment, both public and private, in the circular economy. The new business models may require new, innovative ways of financing, and the new Platform is intended to raise awareness of the circular economy’s potential and draw in more funding.

The Commission’s ‘waste-to-energy’ Communication provides guidance for Member States to achieve the right balance of waste-to-energy capacity, while highlighting the role of the waste hierarchy which gives top priority to preventing and recycling of waste.

The targeted improvements to existing legislation on hazardous waste will boost the second-hand market and repair of electrical and electronic equipment. It is estimated that these changes will prevent more than 3000 tonnes of hazardous waste per year in the EU, and enable savings of energy and raw materials. In the health sector alone, an estimated EUR 170 million in healthcare costs could be saved.

Source: ec.europa.eu

Connecting People to Nature – in the City and on the Land, from the Poles to the Equator

Foto-ilustracija: Pixabay

For this year’s World Environment Day, millions of people around the globe will answer the call to ‘connect with nature,’ celebrating the day by going to a park or heading to the beach and taking forward the call to protect the Earth that we share.

World Environment Day is the biggest annual event for positive environmental action and takes place every 5 June, with this year’s host country Canada at the centre of celebrations around the planet.

World Environment Day is for everyone, everywhere: whether you live in a city or the countryside, in the developed or developing world, in the invigorating chill of cold regions or the sultry heat of the tropics. Since it began in 1972, global citizens have organized many thousands of events, from neighborhood clean-ups, to action against the illegal trade in wildlife, to replanting forests.

“We can enjoy nature year-round, but World Environment Day is when the whole world comes together to celebrate our beautiful planet,” said Erik Solheim, the head of UN Environment. “It reminds us of what a treasure nature is, and encourages us all to protect and appreciate our environment.”

Starting today, UN Environment and the Government of Canada are calling on citizens all over the world to think about how we depend on nature, and to find fun and exciting ways to experience and cherish that vital relationship. On social media, we are seeking feedback on our campaign tagline.

Source: worldenvironmentday.global