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Oil Prices Drop as Concerns over Global Fuel Glut Re-emerge

Photo: Pixabay
Photo: Pixabay

Oil prices fell more than a percent on Wednesday as a report showing a surge in U.S. crude stocks, rising production in Nigeria and squabbling among producers about a planned output cut re-ignited concerns about a global supply glut.

Brent crude futures were down 61 cents, or 1.20 percent, at $50.18 a barrel as of 0417 GMT. Prices hit $50.17 earlier in the session, the lowest in about three weeks. U.S. crude was at $49.27 per barrel, down 69 cents, or 1.38 percent, from its settlement on Tuesday.

“Crude is on the defensive this morning following American Petroleum Institute (API) inventory numbers showing a rise of 4.8 million barrels against an expected rise of 1.7 million,” said Jeffrey Halley, senior market analyst at brokerage OANDA in Singapore.

Official data by the Energy Information Administration (EIA) is due later on Wednesday.

“EIA crude inventory figures will be closely watched tonight. A large jump in inventories will no doubt see crude pushed lower again,” Halley said. The oil market is also keeping an eye on U.S. currency movements for trading cues.

The dollar hit a nine-month peak overnight against a basket of currencies, underpinned by expectations U.S. rates will rise by the year-end, making commodities priced in the greenback expensive for holders of other currencies.

“Technical resistance with Brent above $50 might (also) be driving some activity,” said Michael McCarthy, chief market strategist at Sydney’s CMC Markets.

According to a Reuters market analyst, Brent could drop further to $49.67, the next support level.

Traders said squabbles within the Organization of the Petroleum Exporting Countries (OPEC) about a planned output cut later this year were weighing on oil markets too.

Other OPEC-members, including Libya and Nigeria, are likely to be exempt from cutting production, while Iran and Venezuela and Indonesia are also unlikely to reduce output.

Royal Dutch Shell has resumed crude exports from the Forcados terminal in Nigeria’s restive Niger Delta following repairs after a militant attack, the Nigerian presidency said late on Tuesday.

Unless non-OPEC production giant Russia joins the effort, that leaves the onus of a potential cut with Arab producers in the Middle East like Saudi Arabia, Kuwait and the United Arab Emirates (UAE).

Source: reuters.com

Renewables Overtake Coal as World’s Largest Source of Electricity Capacity

Foto: Pixabay
Photo: Pixabay

According to the International Energy Agency (IEA), total clean power capacity increased by 153 gigawatts, overtaking coal for the first time.

“We are witnessing a transformation of global power markets led by renewables and, as is the case with other fields, the center of gravity for renewable growth is moving to emerging markets,” Dr. Fatih Birol, the IEA’s executive director, said.

The agency also raised its five-year forecast for renewable energy by 13 percent and now expects renewables to be 42 percent of global energy capacity by 2021.

Source: ecowatch.com

Nepal, Bangladesh Agree to Build More Than 1,600 MW of Pumped-Storage Hydropower

Foto-ilustracija: Pixabay
Photo: Pixabay

The governments of Nepal and Bangladesh have signed an agreement to build two pumped-storage hydropower plants with a total capacity of more than 1,600 MW in Nepal, according to the Kathmandu Post.

The agreement was signed Oct. 16 by Nepal Commerce Minister Romi Gauchan Thakali and Bangladesh Commerce Minister Tofail Ahmed. The projects are 1,110- MW Sunkoshi II and 536-MW Sunkoski III, both on the Sunkoshi River in central Nepal.

The countries will develop the projects under the Bangladesh, Bhutan, India, Nepal (BBIN) initiative the four countries signed to facilitate regional trade and business. Electricity produced will be exported to Bangladesh via India through the BBIN economic corridor.

The Department of Electricity Development assumed the responsibility of conducting feasibility studies on both projects. If the projects proceed, they will be developed as the first pumped-storage facilities in the country. Water will be pumped from the reservoir of Sunkoshi III to Sunkoshi II.

Other projects on the Sunkoshi River include 2.6-MW Sunkoshi Small and 10-MW Sunkoshi.

Source: renewableenergyworld.com

AUTOBEST 2016 Awards for Opel Ampera-e and Opel Group

Photo: Pixabay
Photo: Pixabay

Opel has been very successful at the 2016 AUTOBEST Awards. The Rüsselsheim-based carmaker took home trophies in two categories. The expert AUTOBEST jury, consisting of independent journalists from 31 European countries, voted the Ampera-e ECOBEST 2016. The revolutionary electric car with the exceptional range beat stiff competition by providing the “right answer for shaping the future of electro-mobility in Europe”. Furthermore, the jury recognized “Opel’s successful turnaround under the leadership of Dr. Karl-Thomas Neumann”. The jury continued to state that Opel’s credo of “German precision meets sculptural artistry” can be applied to the models and the company alike. The result is that the Opel Group has been named COMPANYBEST 2016.

“We are very proud to receive these prestigious awards,” said Opel Group CEO Dr. Karl-Thomas Neumann. “It shows that our models but also we as a company and the brand can convince people. So far, we have grown on 18 markets this year – that is only possible if you have a good team and the right products. The success of our bestseller, the Astra, and the groundbreaking technology of the new Opel Ampera-e are only two examples of our comprehensive model offensive.”

The Opel Ampera-e is exemplary for Opel’s ability to innovate. It is revolutionizing electro-mobility. With its range of over 500 kilometers (electric range, measured in the New European Driving Cycle in km: > 500 km, provisional figure), the electric car boasts at least 100 km more than its nearest segment rival currently on the road. In addition, the Ampera-e also offers a lot of driving pleasure and the feistiness of a sportscar. The performance of the electric motor is equivalent to 150 kW/204 hp (PS) and the new electric car accelerates from 0 to 50 km/h in 3.2 seconds. And as the large, 60 kWh capacity batteries are cleverly integrated in the underbody, the car also offers ample space for five passengers and a trunk with the load capacity of a five-door compact class car. Further highlights include Opel-typical outstanding digital connectivity thanks to OnStar and smartphone projection.

Opel is seamlessly continuing its AUTOBEST successes of last year with the two latest awards. In 2015, the jury presented Opel with the SAFETYBEST award for the IntelliLux LED® matrix light, previously the Opel Corsa was voted Best Buy Car of Europe for 2015.

Source: media.opel.com

More Northeast Natural Gas Pipeline Capacity Brings Questions

Photo: Pixabay
Photo: Pixabay

Led by the surge in Appalachia’s Marcellus and Utica plays, U.S. natural gas production has increased over 50% since 2005 and related infrastructure to move the gas has become short. This is really not just an issue for the U.S. but for the world: the Northeast shale gas boom is making U.S. natural gas a global commodity. Combined, Pennsylvania, Ohio, and West Virginia have rapidly evolved from producing 2.5% of U.S. gas in 2005 to nearly 30% today.

As Northeast supplies are wanted by many markets, the entire U.S. gas industry is being flipped from its decades-old way of operating, which was basically west-to-east and south-to-north. The industry has thus needed to re-learn receipt points and flows as the whole way of operations is transforming, a change that is being further affected by regulatory and social changes, such as the climate change-driven anti-fossil fuel movement. Not exactly a small problem.

The Northeast is still a highly constrained gas market and much of the region doesn’t have access to the local gas surge because there aren’t enough pipelines to take the gas away to markets. In fact, combined with low prices, this lack of infrastructure often has companies in the region curtailing gas production because there’s no way to move the gas out. Cabot Oil & Gas, which has been ranked as the 2nd biggest PA Marcellus producer (here), had to curtail 75 Bcf in 2015, or enough gas to heat more than 1.1 million homes for a year.

New England in particular has suffered and is easily the highest priced gas and power market in the country, with respective rates of 45% and 55% higher than the national average. Natural gas is promoted as a way to reduce New England’s over reliance on heating oil and oil-based power generation, the latter averaging a whopping 16.2 GWh/day in Winter 2014. When gas demand rises in New England, a lack of pipelines means pricer LNG imports from as far away as Yemen. Remember that residential heating gets priority over gas needed for utilities.

The “Not in My Backyard” obstacle is very strong in the Northeast. One problem has been that the Northeast is a relatively new area of major gas production, so residents aren’t used to the infrastructure required to produce more, unlike, say, Texans or Oklahomans. Moreover, the Northeast is generally more environmentally conscious and has a higher population density, which makes it tougher to lay pipelines.

This isn’t welcome news for an oil and gas industry already caught in a historically low price environment that is reducing revenues and making projects more difficult. We have seen gas infrastructure and pipeline projects delayed, denied, or cancelled that are worth billions of dollars, perhaps the largest being the $1 billion Constitution Pipelined headed up by Williams and Cabot. Anti-pipeline groups stress that combating climate change should simply focus on ramping up renewables, storage, energy efficiency, and other demand-side management programs.

Regulatory wise, FERC is the main permitting agency for interstate pipeline projects and is an independent actor that regulates the transmission of gas, electricity, and oil. Particularly in environmental matters, projects require certain state (and sometimes local) permits.

Source: forbes.com

What the Ancient Carbon Dioxide Record May Mean for Future Climate Change

Photo-illustration: Pixabay
Photo: Pixabay

The last time Earth experienced both ice sheets and carbon dioxide levels within the range predicted for this century was a period of major sea level rise, melting ice sheets and upheaval of tropical forests.

The repeated restructuring of tropical forests at the time played a major role in driving climate cycles between cooler and warmer periods, according to a study led by the University of California, Davis and published today in the journal Nature Geoscience.

Using fossilized leaves and soil-formed minerals, the international team of researchers reconstructed the ancient atmospheric carbon dioxide record from 330 to 260 million years ago, when ice last covered Earth’s polar regions and large rainforests expanded throughout the tropics, leaving as their signature the world’s coal resources.

The team’s deep-time reconstruction reveals previously unknown fluctuations of atmospheric carbon dioxide at levels projected for the 21st century and highlights the potential impact the loss of tropical forests can have on climate.

“We show that climate change not only impacts plants but that plants’ responses to climate can in turn impact climate change itself, making for amplified and in many cases unpredictable outcomes,” said lead author Isabel Montañez, a Chancellor’s Leadership Professor with UC Davis Department of Earth and Planetary Science. “Most of our estimates for future carbon dioxide levels and climate do not fully take into consideration the various feedbacks involving forests, so current projections likely underestimate the magnitude of carbon dioxide flux to the atmosphere.”

Similarly to how oceans have served as the primary carbon sink in the recent past, tropical forests 300 million years ago stored massive amounts of carbon dioxide during these ancient glacial periods. The study indicates that repeated shifts in tropical forests in response to climate change were enough to account for the 100 to 300 parts per million changes in carbon dioxide estimated during the climate cycles of the period.

While plant biologists have been studying how different trees and crops respond to increasing carbon dioxide levels, this study is one of the first to show that when plants change the way they function as CO2 rises or falls, it can have major impact, even to the point of extinction.

“We see great resilience in vegetation to climatic changes, millions of years of stable composition and structure despite glacial-interglacial cycles,” said co-author William DiMichele, a paleobiologist with the Smithsonian Institution. “But we’ve come to understand that there are thresholds that, when crossed, can be accompanied by rapid and irreversible biological change.”

Co-leading author Jenny McElwain, professor of paleobiology at University College in Dublin, Ireland, said the study indicates that shifts in atmospheric carbon dioxide impacted plant groups differently.

“The forest giants of the period were hit particularly hard because they were the most inefficient of all the plants around at the time, likely losing water like open hose pipes” McElwain said. “Their forest competitors, like tree ferns, were able to outcompete them as the climate dried.”

Over the past million years, atmospheric carbon dioxide has been generally low and fluctuated predictably within a window of 200 to 300 ppm. This, the researchers explain, has sustained the current icehouse — a time marked by continental ice at the polar regions — under which humans have evolved. This trend has been abruptly interrupted by the pronounced rise of carbon dioxide over the past 100 years to the current level of 401 ppm — one not seen on Earth for at least the past 3.5 million years.

The current unprecedented rate of rising atmospheric CO2 raises concerns about melting ice sheets, rising sea level, major climate change, and biodiversity loss — all of which were evident more than 300 million years, the only other time in Earth’s history when high CO2 accompanied ice at the polar regions.

Source: sciencedaily.com

Environmental Group Calls for Electric Car Infrastructure

Photo: Pixabay
Photo: Pixabay

Members of environmental groups and electric car owners gathered at The Peacock Inn in Princeton on Monday to call for increased electric car infrastructure in New Jersey.

They also touted a study with 50 steps toward a carbon-free transportation system.

The findings are especially important for the state as transportation is responsible for 53 percent of New Jersey’s global warming emissions, according to the event’s organizer, Environment New Jersey — a citizen-based advocacy project.

“America’s transportation system is climate enemy number one,” Marc Katronesky of Environment New Jersey said. “There is hope however.”

“First and foremost… public funding should prioritize low-carbon efficient transit, and secondly, polluting vehicles and polluting fuels should be phased out with higher vehicle standards.”

Environment New Jersey distilled the 50 steps further, saying that some key points include:
-Make addressing global warming a strategic goal
-Stop doing further environmental harm
-Get the most out infrastructure that we already have
-Level the playing field for shared mobility
-Harness the power of markets
-Hasten the introduction of low carbon vehicles
-Hasten the introduction of low carbon fuels
-Reform the transportation bureaucracy

Speakers recapped some of the reasons the state is lagging in electric car infrastructure and then spoke about the future of electric cars and the necessary charging stations.

“More than a decade ago, the car industry actively lobbied against clean car legislation by lampooning electric cars,” Doug O’Malley of Environment New Jersey said. “They literally drove an electric-powered golf cart around the statehouse to say that ‘these are the options you’ll have if electric cars come to New Jersey.'”

“If this is an electric golf cart sign me up,” O’Malley said while gesturing to a 2009 Tesla Roadster behind him.

Gov. Chris Christie’s administration’s one-year stoppage on Tesla sales in New Jersey showrooms also earned a mention for the slump.

“(Electric cars) are without a doubt an evolution of the old internal combustion engine car,” Michael Thwaite, president of Plug in America, said. “That vehicle took over from the horse and buggy and it’s done us proud for a hundred years, but what we’re looking at today is… the same kind of evolution.”

Thwaite says that soon electric cars will become as ubiquitous as smartphones and there should be no delay in building support infrastructure. “The technology in the (battery) cells has doubled since I owned my car in the last seven years,” Thwaite said, pointing out the accelerated advances.

“We, in some ways, have a chicken and egg problem where drivers say ‘there’s not enough places for me to charge’ and then dealers say ‘there’s not enough demand for these vehicles,'” O’Malley said.

“We need the charging infrastructure to catch up,” O’Malley said. “There are only, roughly, 400 hundred charging stations in the state right now.”
Electric car drivers on hand touted the gas-savings and the benefits of installing solar panels on their homes to charge their cars for free.

One electric car owner, Tom Moloughney, says that after buying an electric car for himself, he began to install charging stations on his shopping center properties.

“To get on the right track New Jersey will need to reevaluate how it is implementing its transit system,” Katronesky said.

Source: nj.com

World Bank Ups Its 2017 Oil Price Forecast To $55

Foto: Pixabay
Photo: Pixabay

The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2 more than its earlier forecast, which is a reflection that at least some shred of optimism is returning to the oil market.

In late September, Saudi Arabia managed to persuade its OPEC co-members to consider a reduction in their combined crude oil output in a bid to, as they called it, restore balance to the oil markets. Balance, in this context, invariably means higher prices that would help Saudi Arabia – and other oil-dependent producers – plug growing budget deficits, and help Venezuela and Nigeria stave off a complete economic collapse.

As soon as the news about a general mood of agreement among OPEC members hit the global news flows, crude oil shot up, passing the US$50-barrier and staying there for almost a month now, which may well be the longest over-US$50 streak this year. As optimism returns to the market, it spreads, apparently, to analysts, exactly as pessimism does when the pendulum swings the other way.

Early this year, when OPEC was pumping at full tilt and frackers refused to give up, oil started slipping to new lows. At the time, all the big names in commodity market analysis, including Goldman Sachs, Morgan Stanley, BofA, and Citigroup, warned that crude could really fall to US$20 a barrel. Those were pessimistic times indeed.

Fast forward a few months, and we get Goldman Sachs (to pick just one), revising its oil price forecast to a much cheerier US$45-50. A few months more, and a day after that OPEC meeting that gave oil bulls a much-needed adrenaline shot, Goldman’s analysts were playing it safe: WTI would hover around US$43 a barrel until the end of 2016, down from the earlier US$50 forecast, it said.

Everyone is playing it safe except for the bolder speculators, and with a very good reason. Just three days after the World Bank released its revised outlook – noting that the OPEC freeze is very uncertain – Iraq said it won’t be taking part in any freezes or production cuts. This could very well spell the end of OPEC negotiations, since Iraq is OPEC’s second-largest producer after Saudi Arabia, and has been pumping a daily average of 4.7 million barrels, according to the State Oil Marketing Company’s head Falah al-Amri.

Add to this the vague comments on the agreement from Russia’s Energy Minister Alexander Novak and Saudi’s Oil Minister Khalid al-Falih, and the chances of a freeze agreement actually getting sealed plunge closer to zero.

Source: oilprice.com

Renewable Energy World Announces Finalists, Honorable Mentions for 2016 Project of the Year Awards

Foto: Pixabay

PennWell Corporation and Renewable Energy World are pleased to announce our 2016 Renewable Energy Project of the Year Finalists. Projects are nominated by the industry and finalists are selected by a committee of editors from PennWell Corporation.

Photo: Pixabay

The first finalist is the 110-MW Crescent Dunes Solar Energy Center in Tonopah, Nevada. The $1 billion utility-scale solar thermal power plant with fully integrated molten salt energy storage is the first of its kind to exist at full utility scale in the United States. Solar Reserve, a California-based company, developed the project and its technology. Other contractors involved with the project include ACS Cobra as the EPC contractor; Nooter Eriksen, manufacturer of Solar Reserve receiver; Alstom/GE, the turbine generator supplier; Emerson, the DCS supplier; and Delta Automation, Heliostat motors and controllers.

The second finalist is the Village of Minster Energy Storage Project in Minster, Ohio. The 7-MW, 3-MWh energy storage system is co-located with a 4.2-MW solar PV plant and is capable of providing multiple revenue streams (that flow to multiple parties) by integrating frequency-regulation services, transmission and distribution deferral, demand response services and voltage support. The Village of Minster Energy Storage Project is one of the largest U.S. facilities of its kind connected through a municipal utility. Half Moon Ventures worked in partnership with S&C Electric Company to supply full EPC on the solar + storage project. Other contractors include LG Chem and Premier Power. Modules were supplied by Canadian Solar, inverters from Ingeteam and the mounting system is from RBI solar.

The two finalists will be invited to attend the opening keynote session of Power Generation Week on Tuesday, December 13, 2016 at the Orange County Convention Center in Orlando, Florida. Power Generation Week features four co-located conferences focused on the power sector. During the keynote session, the winning Renewable Energy Project of the Year will be announced.

Source: renewableenergyworld.com

Singapore Becomes IEA Association Country

The International Energy Agency (IEA) has welcomed Singapore as an IEA Association Country, deepening the partnership between both sides for a more sustainable and secure energy future. The announcement was made jointly by Singapore Minister S Iswaran, Minister for Trade and Industry, and Dr Fatih Birol, Executive Director, IEA, at the opening of the Singapore International Energy Week (SIEW) 2016.

Becoming an Association Country is particularly important for Singapore given its role as a regional energy hub in the heart of Southeast Asia – a rapidly developing region where energy demand is set to increase 80% by 2040 due to a booming population and robust economic growth.

Singapore and the IEA will organize an Energy Efficiency Training Week in 2017 to provide hands-on training for energy efficiency practitioners. In addition, the first Singapore-IEA Forum will be held at the annual SIEW, which will provide a platform for energy stakeholders to engage in a debate on the future of the industry and preview IEA initiatives.

Dr Birol said, “I am particularly happy to welcome Singapore into the IEA family. It is an important player both regionally and globally and has put in place strong policies to ensure secure, sustainable and competitive energy supply. We look forward to building even stronger ties between the IEA and Singapore, especially because it is in a strategic position to support the energy transition in Southeast Asia.”

Source: iea.org

 

This Massive Farm Grows 15% of Australia’s Tomatoes without Soil, Fresh Water or Fossil Fuels

Photo: Pixabay
Photo: Pixabay

Did you know there is a way to grow tons of fresh fruits and vegetables with saltwater and solar energy? The good people at SunDrop Farms are doing just that with their Australian operation, where they grow 15 percent of the nation’s tomatoes. Seawater is piped in from a nearby gulf, desalinated using the reflected heat of the sun, and sprinkled on hydroponically grown produce in a revolutionary,renewable cycle of production.

SunDrop Farms’ operation is fossil fuel-free, freshwater-free, and soil-free, eliminating the need for some of the most financially and environmentally costly elements in the agriculture business. The company told Aljazeera their sustainable method of growing produce slashes “26,000 tonnes ofcarbon dioxide” and 180 Olympic-sized swimming pools of fresh water each year, which is just what a rapidly growing population needs to offset human demand on Mother Earth.

A field of mirrors surround a massive solar tower, which reflect the sun onto this central point. The tower heats up to provide a steady temperature for the greenhouses and to desalinate one million liters of seawater per day. The tomatoes on their Australian farm are grown hydroponically in coconut coir and 15,000 tonnes are sold exclusively to the local Coles grocery chain every year. SunDrop Farms has locations in Australia, the UK, and the US and hopes to expand “cutting-edge, sustainable technology” to other locales in the near future.

Source: inhabitat.com

India Could Reclassify Hydropower as Renewable Energy

Foto-ilustracija: Pixabay
Photo: Pixabay

The National Democratic Alliance government of India will present legislation to the Cabinet to reclassify hydropower as a clean renewable energy source.

Speaking at a conference to mark the construction of a new Ministry of Mines, Coal, Power, New and Renewable Energy (MNRE) headquarters building in New Delhi on Oct. 19, MNRE Minister, Piyush Goyal, said, “hydropower of all sizes and shapes shall be considered renewable energy.”

The classification change may likely aid hydropower projects currently in financial limbo become eligible for tax incentives. This, according to local news reports, could make investment in hydropower projects become more attractive.

Currently, hydropower in India is categorized as conventional energy and the country’s installed capacity is about 43 GW, according to the MNRE.

MNRE is studying a committee report on hydropower and after the review is completed the ministry will present its recommendation to the Cabinet for approval, Goyal said.

The ministry did not provide a planned date to present its findings to the Cabinet.

Source: hydroworld.com

Landin, Schienebeck: Biomass Energy is Part of a Clean Energy Solution

Photo: Pixabay
Photo: Pixabay

Congress is about to make a decision that could have profound effects on the forests of Wisconsin and the future of American energy. They are considering if the United States should treat “biomass” energy generated from forests — one of the most renewable, recyclable and greenest resources on the planet —as a part of our clean energy solution.

For years, the answer was clear. The U.S., like the rest of the world, had an energy policy that recognized the carbon benefits of forest biomass. Officials understood that much of it comes from wood and paper manufacturing byproducts that would have wasted away in landfills. And they realized that, unlike fossil fuels, strong markets for paper and wood products encourage continued forest management and replanting of trees that will capture and store carbon for generations to come.

Without public notice or scientific basis for a change, government policy shifted in 2010. The Environmental Protection Agency began to regulate greenhouse gases emitted from biomass the same as it did fossil fuels. The EPA committed to revising the policy by 2014, but has yet to do so.

Congress now is trying to break that gridlock and provide much needed clarity, introducing legislation based on well-established science and widely accepted data. In other words, Congress is doing its job.

But this effort faces obstacles from detractors who base their opposition on a flawed view of the way forests and the forest products industry interact. They portray our industries as “destroyers” of forestland, instead of as its most enthusiastic stewards. Fortunately in Wisconsin, we have strong bipartisan support for recognizing biomass as clean energy.

The reality is our forests are flourishing in Wisconsin and throughout America. Indeed, 49% of the land in Wisconsin is forest. According to a 2014 Wisconsin Department of Natural Resources economic report, Wisconsin forests are responsible for 65,000 good-paying jobs in the pulp, paper, forestry, logging and wood products industries, generating more than $24 billion in economic activity. Nationwide, with a strong marketplace for wood products, our volume of growing trees has increased by 50% since the 1950s, according to the U.S. Department of Agriculture.

There is no better example of sustainable biomass energy than the forest product industries themselves. The pulp, paper, packaging, tissue and wood products sectors use biomass to generate roughly two-thirds of our power so we are able to dramatically reduce our fossil fuel purchases. And we do it with leftovers from the manufacturing process — along with wood lost due to insects, disease and fire — that would otherwise decompose naturally emitting the carbon back into the atmosphere.

Even more critically, biomass powers the growth of our most powerful natural “carbon capture” technology, the American forestland, which, in addition to filtering 25% of our drinking water, preserving critical wildlife habitat and protecting the cultural and economic foundation of hundreds of communities and 2.4 million jobs, also offsets 13% of total U.S. CO2 emissions each year.

This fundamental scientific truth is recognized by the European Union and the United Nations’ Intergovernmental Panel on Climate Change, along with 100 nationally recognized U.S. forest scientists, representing 80 top research universities, who wrote to the EPA to make this case. Our government policy should reflect this reality.

Source: jsonline.com

PepsiCo Launches 2025 Sustainability Agenda

budo45-adriahost-comPepsiCo, Inc. announced an ambitious global sustainability agenda designed to foster continued business growth in a way that responds to changing consumer and societal needs. The company’s efforts, which focus on creating a healthier relationship between people and food, include specific 2025 goals to continue transforming PepsiCo’s food and beverage product portfolio, contribute to a more sustainable global food system and help make local communities more prosperous.

“To succeed in today’s volatile and changing world, corporations must do three things exceedingly well: focus on delivering strong financial performance, do it in a way that is sustainable over time and be responsive to the needs of society,” said PepsiCo Chairman and CEO Indra Nooyi. “The first ten years of PepsiCo’s Performance with Purpose journey have demonstrated what is possible when a company does well by also doing good. We have created significant shareholder value, while taking important steps to address environmental, health and social priorities all around the world.”

indra_nooyi_pepsico-ceo“PepsiCo’s journey is far from complete, and our new goals are designed to build on our progress and broaden our efforts,” Nooyi continued. “We have mapped our plans against the United Nations Sustainable Development Goals, and we believe the steps we are taking will help lift PepsiCo to even greater heights in the years ahead. Companies like PepsiCo have a tremendous opportunity – as well as a responsibility – to not only make a profit, but to do so in a way that makes a difference in the world.”

Source: pepsico.com

Climate-Friendly Transport in Chinese Cities

giz2016-klimafreundlich-unterwegs-in-chinesischen-staedtenTraffic in China’s cities is steadily increasing. GIZ is advising the country on how to mitigate greenhouse gas emissions and make the transport sector more climate friendly.

Climate change mitigation is a major challenge for China’s cities – particularly as automobile transport is increasing rapidly. 144 million cars have already been registered by 2016. The result: air pollution, greenhouse gas emissions, traffic congestion and land use are all increasing.

Working on behalf of the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB), the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is supporting China in the low-carbon transformation of its transport sector. One priority is electro mobility. The key question is: What measures must be implemented so that electro mobility also helps mitigate climate change? To address this, GIZ is analysing vehicle emissions – from electricity generation to vehicle use through to recycling. Since electro mobility cannot resolve traffic congestion by itself, other measures such as car sharing and carpooling can play a role in helping protect the environment and reduce greenhouse gas emissions. For example, at the beginning of 2016 a German provider introduced a car sharing model, which is well-known in Germany, to the Chinese city of Chongqing with its 30 million inhabitants – and other cities are due to follow suit.

China’s cities are also undertaking short-term measures to address their climate impact. GIZ is supporting them with a tool for measuring emissions. The emissions model, originally designed for Europe, has been adapted to the Chinese transport sector and has already been applied by six large cities in their transportation decision-making processes. For example, Beijing used the model to test which type of toll system makes the most sense for reducing CO2 emissions. The city of Shenzhen is monitoring when and how the most carbon dioxide emissions are released per minute and by street. Another measure being used to mitigate greenhouse gases is a digital parking space management system and a smart phone app developed by GIZ together with the China Automotive Technology and Research Centre (CATARC) in Shenzhen. Drivers can use the app to find and reserve empty parking spaces, thereby avoiding congestion and unnecessary driving. This improved parking space management system will mitigate two million tonnes of CO2 between 2015 and 2020.

Source: giz.de

Ecoplexus Commences Construction on 30 MW of Solar PV Projects in North Carolina

Photo: Pixabay
Photo-illustration: Pixabay

Ecoplexus Inc. (San Francisco, CA, U.S.) a developer of solar photovoltaic (PV) systems, recently announced that it has begun construction on three more ground-mounted photovoltaic (PV) installations in North Carolina.

The Baker, Benthall Bridge, and Turkey Creek solar parks represent a combined investment of more than USD 45 million, the company notes.

These PV facilities will be interconnected into Dominion North Carolina Power’s electrical grid, increasing the capacity of clean energy the utility has to distribute around the state.

This will be an essential addition to the state’s power supply after Hurricane Matthew swept along the East Coast on October 7th and 8th, leaving almost 100,000 people without power.

Solar projects are on schedule despite Hurricane Matthew

Despite the hurricane’s best efforts to delay construction, all three solar projects are on schedule to be completed by the end of the year.

Two of the three PV projects will be added to Ecoplexus’ growing IPP asset base and the third will be owned by a large U.S. utility with Ecoplexus providing ongoing asset management and operations and maintenance services for all the facilities.

These projects will provide 50 gigawatt-hours of solar power annually, enough to power 5,200 homes.

Source: solarserver.com