Tag Archives: Renewable energy

India’s energy policy is key to the planet’s future

India must adopt a clean energy policy, a real industrial revolution, if the world is to slow the rising climate crisis.

LONDON, 18 February, 2021 − Here’s the bad news. Unless India opts for a totally new energy policy, a revolutionary switch to a clean future, the world has no chance of avoiding dangerous climate change.

But there’s some much better news too: with the right policies, it can both improve the lives of its own citizens and offer the entire planet hope of a livable climate.

That is the view of the International Energy Agency (IEA), which says that as it is the world’s third largest consumer of energy after China and the United States, the direction India takes is crucial to everyone’s future.

In a report, India Energy Outlook 2021, the Agency says the country’s energy use has doubled in the last 20 years, with 80% of the energy consumed still coming from coal, oil and wood.

“The stakes could not be higher, for India and for the world. All roads to successful global clean energy transitions go via India”

Despite this growth, India’s emissions per capita are still only half the world average. But this is set to change. Economic growth is expected to accelerate dramatically, and the rate of energy demand growth is already three times the global average.

Millions of Indian households are expected to buy new domestic appliances, air conditioning units and vehicles. Increasing urbanisation means four million people need new urban homes annually, requiring a city the size of Los Angeles to be built every year.

To meet this growth in electricity demand over the next twenty years, India will also need to add a power system the size of the whole European Union to what it already has, the IEA says.

The report describes the huge developments taking place in what is soon to overtake China as the world’s most populous country and explains how this growth can be achieved without destroying the planet in the process. The IEA has just entered what it calls “a strategic partnership” with India to help it towards a clean energy transition.

Huge opportunity

Dr Fatih Birol, the IEA’s executive director, admitted it was a daunting task: “The stakes could not be higher, for India and for the world. All roads to successful global clean energy transitions go via India.

“What our new report makes clear is the tremendous opportunity for India to successfully meet the aspirations of its citizens without following the high-carbon pathway that other economies have pursued in the past.”

The report agrees. Transformations in the energy sector – on a scale no country has achieved in history – require huge advances in innovation, strong partnerships and vast amounts of capital.

The extra funding for the clean energy technologies required to put India on a sustainable path over the next 20 years is US$1.4 trillion (£1tn), or 70% higher than in a scenario based on its current policy settings. But the benefits are huge, including savings of the same magnitude on oil import bills, the IEA calculates.

Solar’s bright future

At present the Indian government’s projected 50% rise in greenhouse gas emissions by 2040 is enough to offset entirely the projected fall in emissions in Europe over the same period.

The Agency says these high emissions can be avoided. Although solar energy accounts for less than 4% of India’s electricity generation at the moment, and coal 70%, this will change: “Solar power is set for explosive growth, matching coal’s share in the Indian power generation mix within two decades.”

Even so, the government is not going far or fast enough. The scope for rooftop solar panels, solar thermal heating and pumps for irrigation and drinking water is very great.

Transport is another problem area. “An extra 25 million trucks will be travelling on India’s roads by 2040 as road freight activity triples, and a total of 300 million vehicles of all types are added to India’s fleet between now and then,” the report says.

Health will improve

India has many good policies to reduce the effect of this by electrifying rail routes and vehicles. But even so, without more policy improvements, its demand for oil is set to increase more than any other country’s.

Perhaps the most difficult area to control emissions is in the construction sector, with cement and steel production heavily dependent on fossil fuels. Ways to use electricity made with renewables for manufacturing rather than fossil fuels must be found.

There is also a need to replace and improve cooking stoves using gas and electricity instead of firewood and other traditional fuels, like animal dung.

The report makes the point that all the moves to reduce greenhouse gas emissions also help the country’s balance of payments and security by substituting home-produced renewables for fossil fuel imports. This cuts air pollution as well and improves people’s health, further improving economic output. − Climate News Network

India must adopt a clean energy policy, a real industrial revolution, if the world is to slow the rising climate crisis.

LONDON, 18 February, 2021 − Here’s the bad news. Unless India opts for a totally new energy policy, a revolutionary switch to a clean future, the world has no chance of avoiding dangerous climate change.

But there’s some much better news too: with the right policies, it can both improve the lives of its own citizens and offer the entire planet hope of a livable climate.

That is the view of the International Energy Agency (IEA), which says that as it is the world’s third largest consumer of energy after China and the United States, the direction India takes is crucial to everyone’s future.

In a report, India Energy Outlook 2021, the Agency says the country’s energy use has doubled in the last 20 years, with 80% of the energy consumed still coming from coal, oil and wood.

“The stakes could not be higher, for India and for the world. All roads to successful global clean energy transitions go via India”

Despite this growth, India’s emissions per capita are still only half the world average. But this is set to change. Economic growth is expected to accelerate dramatically, and the rate of energy demand growth is already three times the global average.

Millions of Indian households are expected to buy new domestic appliances, air conditioning units and vehicles. Increasing urbanisation means four million people need new urban homes annually, requiring a city the size of Los Angeles to be built every year.

To meet this growth in electricity demand over the next twenty years, India will also need to add a power system the size of the whole European Union to what it already has, the IEA says.

The report describes the huge developments taking place in what is soon to overtake China as the world’s most populous country and explains how this growth can be achieved without destroying the planet in the process. The IEA has just entered what it calls “a strategic partnership” with India to help it towards a clean energy transition.

Huge opportunity

Dr Fatih Birol, the IEA’s executive director, admitted it was a daunting task: “The stakes could not be higher, for India and for the world. All roads to successful global clean energy transitions go via India.

“What our new report makes clear is the tremendous opportunity for India to successfully meet the aspirations of its citizens without following the high-carbon pathway that other economies have pursued in the past.”

The report agrees. Transformations in the energy sector – on a scale no country has achieved in history – require huge advances in innovation, strong partnerships and vast amounts of capital.

The extra funding for the clean energy technologies required to put India on a sustainable path over the next 20 years is US$1.4 trillion (£1tn), or 70% higher than in a scenario based on its current policy settings. But the benefits are huge, including savings of the same magnitude on oil import bills, the IEA calculates.

Solar’s bright future

At present the Indian government’s projected 50% rise in greenhouse gas emissions by 2040 is enough to offset entirely the projected fall in emissions in Europe over the same period.

The Agency says these high emissions can be avoided. Although solar energy accounts for less than 4% of India’s electricity generation at the moment, and coal 70%, this will change: “Solar power is set for explosive growth, matching coal’s share in the Indian power generation mix within two decades.”

Even so, the government is not going far or fast enough. The scope for rooftop solar panels, solar thermal heating and pumps for irrigation and drinking water is very great.

Transport is another problem area. “An extra 25 million trucks will be travelling on India’s roads by 2040 as road freight activity triples, and a total of 300 million vehicles of all types are added to India’s fleet between now and then,” the report says.

Health will improve

India has many good policies to reduce the effect of this by electrifying rail routes and vehicles. But even so, without more policy improvements, its demand for oil is set to increase more than any other country’s.

Perhaps the most difficult area to control emissions is in the construction sector, with cement and steel production heavily dependent on fossil fuels. Ways to use electricity made with renewables for manufacturing rather than fossil fuels must be found.

There is also a need to replace and improve cooking stoves using gas and electricity instead of firewood and other traditional fuels, like animal dung.

The report makes the point that all the moves to reduce greenhouse gas emissions also help the country’s balance of payments and security by substituting home-produced renewables for fossil fuel imports. This cuts air pollution as well and improves people’s health, further improving economic output. − Climate News Network

Solar power’s future could soon be overshadowed

Despite its recent runaway success, solar power’s future as a key way to counter climate chaos could soon be at risk.

LONDON, 12 February, 2021– As more households and industries have opted to harness the sun’s energy, a small but definite shadow is nagging at the many manufacturers who have put their faith in solar power’s future.

Prices have fallen dramatically: according to the International Energy Agency, the cost of producing electricity from solar energy dropped 80% over the past decade. But a mix of international economic rivalries and human rights issues could hamper the onward expansion of solar around the world.

Up till 15 years ago companies in Europe and Japan dominated the solar manufacturing industry. That has all changed: as with so many manufactured products, China now accounts for the bulk of solar equipment produced globally, with about a 70% share.

China itself is also by far the world’s biggest market for solar: about half of all solar power installed round the globe is in China.

China-based companies have invested heavily in sophisticated manufacturing facilities and in research and development. The country’s dominance of the solar manufacturing sector has caused concern in some countries.

“We’ve been telling all solar companies operating in the Xinjiang region to immediately move their supply chains. We’d ask all solar companies to immediately leave the region”

Manufacturers of photovoltaic panels and other solar products in East Asia, the US and Europe have alleged that cheaper, state-subsidised goods from China have hampered development of home-grown solar industries.

The former Trump administration in the US voiced increasingly strident opposition to what it saw as unfair trading practices by China: in early 2018 Washington slapped a 30% tariff on solar imports from China.

The resulting setback for the US solar market – and China’s exporters – was only temporary. The appetite in the US and elsewhere for solar power continues to grow.

In many countries solar energy is out-competing fossil fuels on price. Meanwhile new technologies and more efficient batteries mean large amounts of solar power can be stored for use in periods when the sun doesn’t shine.

Waiting for Biden

In 2019 there was a 24% increase in the number of solar installations in the US, with utility companies, particularly in sunnier and more environmentally progressive states such as California, leading the solar surge.

Whether or not the new Biden administration in the US will soften the hard line taken on China by former President Trump is uncertain.

Some feel that, while Biden might seek to ease trade tensions, there could be more emphasis on human rights issues, particularly in relation to the widely reported actions taken by Beijing against the Uighurs and other Muslim minorities in the north-western province of Xinjiang.

This could have serious implications for the solar industry, not only in China but worldwide. A number of China’s big solar manufacturers, some in partnership with foreign companies, have concentrated their operations in Xinjiang. The province accounts for the bulk of China’s production of polysilicon, one of the most important base materials for solar panels.

There have been reports not only about Uighurs and other groups in Xinjiang being forcibly herded into so-called re-education camps, but also of local people being used as forced labour in solar and other industries.

Human rights concern

Reacting to reports of widespread repression in the region, the US recently banned the import of tomatoes and cotton from Xinjiang.

The US Solar Energy Industries Association (SEIA) – a trade body representing the US solar industry and a sector employing an estimated 250,000 people – said it was taking the reports very seriously.

“Forced labour has no place in the solar industry”, said the SEIA. “Since the fall we’ve been proactively telling all solar companies operating in the Xinjiang region to immediately move their supply chains. We’d like to reiterate this call to action and ask all solar companies to immediately leave the region.”

Beijing has described the reports of forced labour in the province as “the biggest lie of the century”. – Climate News Network

Despite its recent runaway success, solar power’s future as a key way to counter climate chaos could soon be at risk.

LONDON, 12 February, 2021– As more households and industries have opted to harness the sun’s energy, a small but definite shadow is nagging at the many manufacturers who have put their faith in solar power’s future.

Prices have fallen dramatically: according to the International Energy Agency, the cost of producing electricity from solar energy dropped 80% over the past decade. But a mix of international economic rivalries and human rights issues could hamper the onward expansion of solar around the world.

Up till 15 years ago companies in Europe and Japan dominated the solar manufacturing industry. That has all changed: as with so many manufactured products, China now accounts for the bulk of solar equipment produced globally, with about a 70% share.

China itself is also by far the world’s biggest market for solar: about half of all solar power installed round the globe is in China.

China-based companies have invested heavily in sophisticated manufacturing facilities and in research and development. The country’s dominance of the solar manufacturing sector has caused concern in some countries.

“We’ve been telling all solar companies operating in the Xinjiang region to immediately move their supply chains. We’d ask all solar companies to immediately leave the region”

Manufacturers of photovoltaic panels and other solar products in East Asia, the US and Europe have alleged that cheaper, state-subsidised goods from China have hampered development of home-grown solar industries.

The former Trump administration in the US voiced increasingly strident opposition to what it saw as unfair trading practices by China: in early 2018 Washington slapped a 30% tariff on solar imports from China.

The resulting setback for the US solar market – and China’s exporters – was only temporary. The appetite in the US and elsewhere for solar power continues to grow.

In many countries solar energy is out-competing fossil fuels on price. Meanwhile new technologies and more efficient batteries mean large amounts of solar power can be stored for use in periods when the sun doesn’t shine.

Waiting for Biden

In 2019 there was a 24% increase in the number of solar installations in the US, with utility companies, particularly in sunnier and more environmentally progressive states such as California, leading the solar surge.

Whether or not the new Biden administration in the US will soften the hard line taken on China by former President Trump is uncertain.

Some feel that, while Biden might seek to ease trade tensions, there could be more emphasis on human rights issues, particularly in relation to the widely reported actions taken by Beijing against the Uighurs and other Muslim minorities in the north-western province of Xinjiang.

This could have serious implications for the solar industry, not only in China but worldwide. A number of China’s big solar manufacturers, some in partnership with foreign companies, have concentrated their operations in Xinjiang. The province accounts for the bulk of China’s production of polysilicon, one of the most important base materials for solar panels.

There have been reports not only about Uighurs and other groups in Xinjiang being forcibly herded into so-called re-education camps, but also of local people being used as forced labour in solar and other industries.

Human rights concern

Reacting to reports of widespread repression in the region, the US recently banned the import of tomatoes and cotton from Xinjiang.

The US Solar Energy Industries Association (SEIA) – a trade body representing the US solar industry and a sector employing an estimated 250,000 people – said it was taking the reports very seriously.

“Forced labour has no place in the solar industry”, said the SEIA. “Since the fall we’ve been proactively telling all solar companies operating in the Xinjiang region to immediately move their supply chains. We’d like to reiterate this call to action and ask all solar companies to immediately leave the region.”

Beijing has described the reports of forced labour in the province as “the biggest lie of the century”. – Climate News Network

Carbon-free future is in reach for the US by 2050

America could have a carbon-free future by 2050 with a big switch to wind and solar power, say US government scientists.

LONDON, 11 February, 2021 − The US − per head of population perhaps the world’s most prodigal emitter of greenhouse gases − can reverse that and have a carbon-free future within three decades, at a cost of no more than $1 per person per day.

That would mean renewable energy to power all 50 states: giant wind power farms, solar power stations, electric cars, heat pumps and a range of other technological solutions.

The argument has been made before: made repeatedly; and contested too. But this time the reasoning comes not from individual scientists in a handful of US universities, but from an American government research base: the Department of Energy’s Lawrence Berkeley National Laboratory, with help from the University of San Francisco.

To make the switch more politically feasible, the authors argue, existing power plant could be allowed to live out its economic life; nobody need be asked to scrap a brand new gasoline-driven car for an electric vehicle.

“All that infrastructure build equates to jobs, and potentially jobs in the US, as opposed to spending money overseas to buy oil from other countries”

Their study − in the journal AGU Advances − looked at a range of ways to get to net zero carbon emissions, at costs as low as 0.2% of gross domestic product (GDP, the economist’s favourite measure of national wealth), or as high as 1.2%, with about 90% of power generated by wind or solar energy.

“The decarbonisation of the US energy system is fundamentally an infrastructure transformation,” said Margaret Torn, of the Berkeley Lab, one of the authors.

“It means that by 2050 we need to build many gigawatts of wind and solar plants, new transmission lines, a fleet of electric cars and light trucks, millions of heat pumps to replace conventional furnaces and water heaters, and more energy-efficient buildings, while continuing to research and innovate new technologies.”

The economic costs would be almost exclusively capital costs necessitated by the new infrastructure. That is both bad and good.

Jobs aplenty

“All that infrastructure build equates to jobs, and potentially jobs in the US, as opposed to spending money overseas to buy oil from other countries.

“There’s no question that there will need to be a well thought-out economic transition strategy for fossil fuel-based industries and communities, but there’s also no question that there are a lot of jobs in building a low carbon economy.”

The study also suggests the US could even become a source of what the scientists call “net negative” emissions by mid-century, taking more carbon dioxide out of the atmosphere than is added.

This would mean systematic carbon capture, investment in biofuels, and a lot more electric power; which in turn would cost inland and interstate transmission lines. But, the authors argue, this would be affordable to society just on energy grounds alone. − Climate News Network

America could have a carbon-free future by 2050 with a big switch to wind and solar power, say US government scientists.

LONDON, 11 February, 2021 − The US − per head of population perhaps the world’s most prodigal emitter of greenhouse gases − can reverse that and have a carbon-free future within three decades, at a cost of no more than $1 per person per day.

That would mean renewable energy to power all 50 states: giant wind power farms, solar power stations, electric cars, heat pumps and a range of other technological solutions.

The argument has been made before: made repeatedly; and contested too. But this time the reasoning comes not from individual scientists in a handful of US universities, but from an American government research base: the Department of Energy’s Lawrence Berkeley National Laboratory, with help from the University of San Francisco.

To make the switch more politically feasible, the authors argue, existing power plant could be allowed to live out its economic life; nobody need be asked to scrap a brand new gasoline-driven car for an electric vehicle.

“All that infrastructure build equates to jobs, and potentially jobs in the US, as opposed to spending money overseas to buy oil from other countries”

Their study − in the journal AGU Advances − looked at a range of ways to get to net zero carbon emissions, at costs as low as 0.2% of gross domestic product (GDP, the economist’s favourite measure of national wealth), or as high as 1.2%, with about 90% of power generated by wind or solar energy.

“The decarbonisation of the US energy system is fundamentally an infrastructure transformation,” said Margaret Torn, of the Berkeley Lab, one of the authors.

“It means that by 2050 we need to build many gigawatts of wind and solar plants, new transmission lines, a fleet of electric cars and light trucks, millions of heat pumps to replace conventional furnaces and water heaters, and more energy-efficient buildings, while continuing to research and innovate new technologies.”

The economic costs would be almost exclusively capital costs necessitated by the new infrastructure. That is both bad and good.

Jobs aplenty

“All that infrastructure build equates to jobs, and potentially jobs in the US, as opposed to spending money overseas to buy oil from other countries.

“There’s no question that there will need to be a well thought-out economic transition strategy for fossil fuel-based industries and communities, but there’s also no question that there are a lot of jobs in building a low carbon economy.”

The study also suggests the US could even become a source of what the scientists call “net negative” emissions by mid-century, taking more carbon dioxide out of the atmosphere than is added.

This would mean systematic carbon capture, investment in biofuels, and a lot more electric power; which in turn would cost inland and interstate transmission lines. But, the authors argue, this would be affordable to society just on energy grounds alone. − Climate News Network

Recovering atmospheric carbon can make new fuel

Taking atmospheric carbon dioxide from the air to make fuel could tackle two threats: greenhouse gases and oil shortage.

LONDON, 4 February, 2021 − British scientists have worked out a way of recovering atmospheric carbon, meaning they can conjure aviation jet fuel from thin air, using an inexpensive catalyst to turn carbon dioxide into a range of hydrocarbons so far produced from crude oil.

More than 6,000 miles to the east, chemists have produced an aerogel, one kilogramme of which is capable of producing − again just from the ambient air − 17 litres of fresh water in a day.

Both these solutions to a growing demand for fuel and water are only at the demonstration stage. Commercial production is a long way off.

Both are yet more evidence of the enormous ingenuity and invention at work in the world’s laboratories and universities as they address the energy dilemma: how to power human society without generating the greenhouse gases that could also − through climate change driven by global heating − ultimately destroy it.

“[This is] a vision for the route to achieving net-zero carbon emissions from aviation; a fulcrum of a future global zero-carbon aviation sector”

For years researchers have addressed one power paradox: that the world is driven by fossil fuels which in combustion emit the greenhouse gas carbon dioxide. But fossil fuels are already fashioned − over millions of years − from organic material composed ultimately of carbon dioxide.

That is: all hydrocarbons must have once just been the greenhouse gas. So there might just be a clever way to shorten the process, and turn atmospheric carbon directly into butane or ethylene or kerosene.

Researchers from Oxford University report in the journal Nature Communications that with help from an organic compound − they used citric acid − they have fashioned a catalyst from iron, manganese and potassium that could directly convert atmospheric carbon dioxide into hydrocarbons very like jet fuel, with a bonus of ethylene and other products important to the petrochemical industry as well.

The researchers call their work “a significant advance” and a vision for “the route to achieving net-zero carbon emissions from aviation; a fulcrum of a future global zero-carbon aviation sector.”

Renewable water supply

The air we breathe is not just oxygen, nitrogen, argon and carbon dioxide: it also contains colossal amounts of water vapour, enough to fill 500 thousand billion Olympic-sized swimming pools.

Researchers at the National University of Singapore report in the journal Science Advances that they have fashioned an aerogel − think of a jelly made from air rather than water − that of itself collects water molecules from the air, condenses them into a liquid and releases the water: 95% of the vapour that goes in is released as water.

It needs no power source, the water meets World Health Organisation standards for drinking water, and in laboratory tests one aerogel sample went on for months.

Since vapour is constantly renewed by sun-driven evaporation, once again, the water supply becomes renewable. The next step is to find an industrial partner and a market where clean water is scarce. − Climate News Network

Taking atmospheric carbon dioxide from the air to make fuel could tackle two threats: greenhouse gases and oil shortage.

LONDON, 4 February, 2021 − British scientists have worked out a way of recovering atmospheric carbon, meaning they can conjure aviation jet fuel from thin air, using an inexpensive catalyst to turn carbon dioxide into a range of hydrocarbons so far produced from crude oil.

More than 6,000 miles to the east, chemists have produced an aerogel, one kilogramme of which is capable of producing − again just from the ambient air − 17 litres of fresh water in a day.

Both these solutions to a growing demand for fuel and water are only at the demonstration stage. Commercial production is a long way off.

Both are yet more evidence of the enormous ingenuity and invention at work in the world’s laboratories and universities as they address the energy dilemma: how to power human society without generating the greenhouse gases that could also − through climate change driven by global heating − ultimately destroy it.

“[This is] a vision for the route to achieving net-zero carbon emissions from aviation; a fulcrum of a future global zero-carbon aviation sector”

For years researchers have addressed one power paradox: that the world is driven by fossil fuels which in combustion emit the greenhouse gas carbon dioxide. But fossil fuels are already fashioned − over millions of years − from organic material composed ultimately of carbon dioxide.

That is: all hydrocarbons must have once just been the greenhouse gas. So there might just be a clever way to shorten the process, and turn atmospheric carbon directly into butane or ethylene or kerosene.

Researchers from Oxford University report in the journal Nature Communications that with help from an organic compound − they used citric acid − they have fashioned a catalyst from iron, manganese and potassium that could directly convert atmospheric carbon dioxide into hydrocarbons very like jet fuel, with a bonus of ethylene and other products important to the petrochemical industry as well.

The researchers call their work “a significant advance” and a vision for “the route to achieving net-zero carbon emissions from aviation; a fulcrum of a future global zero-carbon aviation sector.”

Renewable water supply

The air we breathe is not just oxygen, nitrogen, argon and carbon dioxide: it also contains colossal amounts of water vapour, enough to fill 500 thousand billion Olympic-sized swimming pools.

Researchers at the National University of Singapore report in the journal Science Advances that they have fashioned an aerogel − think of a jelly made from air rather than water − that of itself collects water molecules from the air, condenses them into a liquid and releases the water: 95% of the vapour that goes in is released as water.

It needs no power source, the water meets World Health Organisation standards for drinking water, and in laboratory tests one aerogel sample went on for months.

Since vapour is constantly renewed by sun-driven evaporation, once again, the water supply becomes renewable. The next step is to find an industrial partner and a market where clean water is scarce. − Climate News Network

Energy efficiency boosts jobs and cuts climate heat

Creating millions of jobs in energy efficiency schemes is the fastest way to restore prosperity and cut climate heating.

LONDON, 26 January, 2021 − Improving energy efficiency creates far more jobs than generating it, and at the same time provides a way out of the Covid crisis by bringing prosperity.

That’s the verdict of a report by the International Energy Agency (IEA), which says efficiency-related stimulus packages that have been announced already will create 1.8 million jobs in the next two years, with many more to come if governments spend their money wisely.

Two-thirds of the jobs would be in the building sector, most of them in retrofitting homes, factories and offices with insulation and other efficiency measures. One of the main benefits of the scheme, the IEA says, would be for young people with few academic qualifications, currently the worst hit by unemployment, who would be needed for most of the building jobs. The remaining jobs would be in transport (20%) and industry (16%).

Based on information received by the IEA by December, when the report was published, 80% of these new jobs would be created in Europe. At the time the US was the largest employer of workers in energy efficiency, despite the anti-climate policies of the Trump administration. With Joe Biden now occupying the presidency and rejoining the Paris Agreement, jobs in energy efficiency in the US are expected to snowball.

“Energy efficiency investments are one of the most attractive investments in the energy sector for governments seeking to protect existing or generate new jobs”

Altogether the scope for jobs in the sector across the world is enormous, with the developing world yet to take energy efficiency seriously. Before the pandemic hit, the IEA estimated that there were 2.4 million energy efficiency jobs in the US, up to 3 million in Europe, but fewer than 750,000 in China and a maximum of 62,000 in Brazil.

With China now taking climate change far more seriously and pledging to be carbon neutral by 2060, energy efficiency is likely to create a boom for building workers there.

Although many building jobs have been lost because of Covid-19, the IEA estimates that the labour-intensive nature of many energy efficiency upgrades means spending US$1million on improving efficiency will generate between six and 15 jobs on average, depending on the sector. Investments announced to date have created 3.4 million new job years (one job for one year) in the sector.

The report says: “As energy efficiency investments can also be mobilised quickly, they are one of the most attractive investments in the energy sector for governments seeking to protect existing jobs or generate new jobs during the recession.”

Best for new jobs

As part of their public relations drives when suggesting potentially unpopular new developments, most energy industries stress how many jobs will result. For example, building a nuclear power station in the UK, Sizewell C, is said by the would-be builders to promise the creation of  more than 5,000 jobs.

However, figures compiled by the UK Office for National Statistics show that energy efficiency trumps all other energy industries for job creation.

In the UK’s low-carbon and renewables energy sector, which includes all nuclear and renewable energy options, energy efficiency formed easily the largest component of jobs, with 114,000 full-time employees (51%) in 2018. There were 49,800 people employed in renewable activity, wind and solar for example, and only 12,400 in the whole nuclear energy sector, most of them in reprocessing spent fuel.

As the IEA notes, scaled-up world wide there are potentially millions of jobs in energy efficiency, and it is clearly the single quickest and cheapest way of reducing carbon emissions, since it both reduces existing demand for energy and makes new fossil fuel power stations unnecessary. − Climate News Network

Creating millions of jobs in energy efficiency schemes is the fastest way to restore prosperity and cut climate heating.

LONDON, 26 January, 2021 − Improving energy efficiency creates far more jobs than generating it, and at the same time provides a way out of the Covid crisis by bringing prosperity.

That’s the verdict of a report by the International Energy Agency (IEA), which says efficiency-related stimulus packages that have been announced already will create 1.8 million jobs in the next two years, with many more to come if governments spend their money wisely.

Two-thirds of the jobs would be in the building sector, most of them in retrofitting homes, factories and offices with insulation and other efficiency measures. One of the main benefits of the scheme, the IEA says, would be for young people with few academic qualifications, currently the worst hit by unemployment, who would be needed for most of the building jobs. The remaining jobs would be in transport (20%) and industry (16%).

Based on information received by the IEA by December, when the report was published, 80% of these new jobs would be created in Europe. At the time the US was the largest employer of workers in energy efficiency, despite the anti-climate policies of the Trump administration. With Joe Biden now occupying the presidency and rejoining the Paris Agreement, jobs in energy efficiency in the US are expected to snowball.

“Energy efficiency investments are one of the most attractive investments in the energy sector for governments seeking to protect existing or generate new jobs”

Altogether the scope for jobs in the sector across the world is enormous, with the developing world yet to take energy efficiency seriously. Before the pandemic hit, the IEA estimated that there were 2.4 million energy efficiency jobs in the US, up to 3 million in Europe, but fewer than 750,000 in China and a maximum of 62,000 in Brazil.

With China now taking climate change far more seriously and pledging to be carbon neutral by 2060, energy efficiency is likely to create a boom for building workers there.

Although many building jobs have been lost because of Covid-19, the IEA estimates that the labour-intensive nature of many energy efficiency upgrades means spending US$1million on improving efficiency will generate between six and 15 jobs on average, depending on the sector. Investments announced to date have created 3.4 million new job years (one job for one year) in the sector.

The report says: “As energy efficiency investments can also be mobilised quickly, they are one of the most attractive investments in the energy sector for governments seeking to protect existing jobs or generate new jobs during the recession.”

Best for new jobs

As part of their public relations drives when suggesting potentially unpopular new developments, most energy industries stress how many jobs will result. For example, building a nuclear power station in the UK, Sizewell C, is said by the would-be builders to promise the creation of  more than 5,000 jobs.

However, figures compiled by the UK Office for National Statistics show that energy efficiency trumps all other energy industries for job creation.

In the UK’s low-carbon and renewables energy sector, which includes all nuclear and renewable energy options, energy efficiency formed easily the largest component of jobs, with 114,000 full-time employees (51%) in 2018. There were 49,800 people employed in renewable activity, wind and solar for example, and only 12,400 in the whole nuclear energy sector, most of them in reprocessing spent fuel.

As the IEA notes, scaled-up world wide there are potentially millions of jobs in energy efficiency, and it is clearly the single quickest and cheapest way of reducing carbon emissions, since it both reduces existing demand for energy and makes new fossil fuel power stations unnecessary. − Climate News Network

A new city rises in the desert, under a fake moon

The world’s biggest oil exporter, Saudi Arabia, is planing a new city entirely dependent on clean energy.

LONDON, 18 January, 2021 − Crown Prince Mohammed bin Salman of Saudi Arabia, who has not till now shown any great enthusiasm for tackling climate chaos, is working on designs for an environmentally-friendly new city in the kingdom.

At successive international climate meetings Saudi Arabia, the world’s biggest oil exporter, has been among those states which have obstructed rather than encouraged attempts to tackle the increasingly urgent problems associated with a fast-warming world.

But recently Prince Mohammed, seen very much as the power behind the Saudi throne, has been talking of building a zero emissions city and establishing what he describes as “a blueprint for how people and planet can co-exist in harmony.”

In a glitzy presentation high on vision but low on detail, the prince outlined plans for a new, futuristic urban area to be carved out of the desert in the province of Tabuk, in north-west Saudi Arabia.

The city, to be called The Line, will stretch inwards for 106 miles from the Saudi Red Sea coast. It will be powered by 100% clean energy, says the prince, with no roads or cars. Instead “a belt of hyper-connected future communities” will be established.

Future techno-hub

There will be flying taxis, and scores of robot servants. The whole scheme will be built around nature, Prince Mohammed says. “Why should we sacrifice nature for the sake of development?”, he asks. “Why should seven million people die every year because of pollution?”

The cost of the project will be between US$100-200 billion: initial construction work will begin early next year, and an airport has already been built.

The Line is just one element in an overall Saudi plan called Vision 2030,  which seeks to wean the country off its dependence on oil revenues – which account for a major part of gross domestic product.

The aim is to turn Saudi Arabia into one of the world’s technological hubs. A multi-billion dollar tourist industry will also be established. Eventually, says Prince Mohammed, desert lands bordering Egypt and Jordan covering more than 10,000 square miles – an area roughly the size of Belgium – will be developed.

The Line, built to house a million people, will form part of a much larger US$500bn project called Neom – a combination of the Greek word Neos, meaning new, and the Arabic word mustaqbal, or future.

“Why should we sacrifice nature for the sake of development? Why should seven million people die every year because of pollution?”

Details about Neom are scarce: the project website says it will be home to both a Saudi and an international community, composed of “dreamers and doers.”

Attractions will include beaches with glow-in-the-dark-sand. There will even be a large fake moon to light the sky on cloudy nights.

If all this sounds a trifle fantastical, look no further than the Gulf cities of Dubai and Abu Dhabi where, over a relatively short time, small fishing and trading settlements have been turned into international centres of commerce and tourism. Prince Mohammed’s ambitions, though – and his talk of a sustainable, emissions-free future – are open to doubt.

Saudi Arabia is one of the world’s most profligate users of energy – almost all of it derived from the country’s plentiful reserves of fossil fuels. Renewable energy projects, announced in the past with much fanfare, have often come to nothing.

The Arabian peninsula is among the fastest-warming areas on the planet. For several years scientists have been warning that parts of the region will become uninhabitable if temperatures continue to rise.

Champion desalinator

Saudi Arabia has severely depleted water resources: the Neom project says it will help tackle this problem through extensive cloud seeding. Whether this will work is also open to question: cloud seeding can lead to its own set of environmental problems.

The project and its offshoot The Line will need to process water by using desalination technology. Saudi Arabia is already home to more desalination plants than any other country: the brine discharged in large quantities by such plants is harmful, particularly in such fragile ecological areas as the Red Sea.

Prince Mohammed and the Saudi planners have made little mention of those living in the north-west of the country who will be severely disrupted by Neom. The Huwaitat tribe, native to the area, say they are being forcibly relocated. A spokesman for the tribe was killed recently: reports say he was shot by government security forces.

Whether The Line and Prince Mohammed’s emissions-free Neom zone are built might ultimately depend on finance. Even for the deep-pocketed Saudis, the cost of the scheme represents a considerable challenge.

The project’s backers are wooing international investors: though many foreign companies will be licking their lips at the prospect of being involved in Neom, international banks and other financial institutions might be reluctant to invest funds, particularly in the wake of the brutal killing of Jamal Khashoggi, the Saudi dissident, and the ongoing imprisonment of others who voice any opposition to the prince and the kingdom’s hierarchy. − Climate News Network

The world’s biggest oil exporter, Saudi Arabia, is planing a new city entirely dependent on clean energy.

LONDON, 18 January, 2021 − Crown Prince Mohammed bin Salman of Saudi Arabia, who has not till now shown any great enthusiasm for tackling climate chaos, is working on designs for an environmentally-friendly new city in the kingdom.

At successive international climate meetings Saudi Arabia, the world’s biggest oil exporter, has been among those states which have obstructed rather than encouraged attempts to tackle the increasingly urgent problems associated with a fast-warming world.

But recently Prince Mohammed, seen very much as the power behind the Saudi throne, has been talking of building a zero emissions city and establishing what he describes as “a blueprint for how people and planet can co-exist in harmony.”

In a glitzy presentation high on vision but low on detail, the prince outlined plans for a new, futuristic urban area to be carved out of the desert in the province of Tabuk, in north-west Saudi Arabia.

The city, to be called The Line, will stretch inwards for 106 miles from the Saudi Red Sea coast. It will be powered by 100% clean energy, says the prince, with no roads or cars. Instead “a belt of hyper-connected future communities” will be established.

Future techno-hub

There will be flying taxis, and scores of robot servants. The whole scheme will be built around nature, Prince Mohammed says. “Why should we sacrifice nature for the sake of development?”, he asks. “Why should seven million people die every year because of pollution?”

The cost of the project will be between US$100-200 billion: initial construction work will begin early next year, and an airport has already been built.

The Line is just one element in an overall Saudi plan called Vision 2030,  which seeks to wean the country off its dependence on oil revenues – which account for a major part of gross domestic product.

The aim is to turn Saudi Arabia into one of the world’s technological hubs. A multi-billion dollar tourist industry will also be established. Eventually, says Prince Mohammed, desert lands bordering Egypt and Jordan covering more than 10,000 square miles – an area roughly the size of Belgium – will be developed.

The Line, built to house a million people, will form part of a much larger US$500bn project called Neom – a combination of the Greek word Neos, meaning new, and the Arabic word mustaqbal, or future.

“Why should we sacrifice nature for the sake of development? Why should seven million people die every year because of pollution?”

Details about Neom are scarce: the project website says it will be home to both a Saudi and an international community, composed of “dreamers and doers.”

Attractions will include beaches with glow-in-the-dark-sand. There will even be a large fake moon to light the sky on cloudy nights.

If all this sounds a trifle fantastical, look no further than the Gulf cities of Dubai and Abu Dhabi where, over a relatively short time, small fishing and trading settlements have been turned into international centres of commerce and tourism. Prince Mohammed’s ambitions, though – and his talk of a sustainable, emissions-free future – are open to doubt.

Saudi Arabia is one of the world’s most profligate users of energy – almost all of it derived from the country’s plentiful reserves of fossil fuels. Renewable energy projects, announced in the past with much fanfare, have often come to nothing.

The Arabian peninsula is among the fastest-warming areas on the planet. For several years scientists have been warning that parts of the region will become uninhabitable if temperatures continue to rise.

Champion desalinator

Saudi Arabia has severely depleted water resources: the Neom project says it will help tackle this problem through extensive cloud seeding. Whether this will work is also open to question: cloud seeding can lead to its own set of environmental problems.

The project and its offshoot The Line will need to process water by using desalination technology. Saudi Arabia is already home to more desalination plants than any other country: the brine discharged in large quantities by such plants is harmful, particularly in such fragile ecological areas as the Red Sea.

Prince Mohammed and the Saudi planners have made little mention of those living in the north-west of the country who will be severely disrupted by Neom. The Huwaitat tribe, native to the area, say they are being forcibly relocated. A spokesman for the tribe was killed recently: reports say he was shot by government security forces.

Whether The Line and Prince Mohammed’s emissions-free Neom zone are built might ultimately depend on finance. Even for the deep-pocketed Saudis, the cost of the scheme represents a considerable challenge.

The project’s backers are wooing international investors: though many foreign companies will be licking their lips at the prospect of being involved in Neom, international banks and other financial institutions might be reluctant to invest funds, particularly in the wake of the brutal killing of Jamal Khashoggi, the Saudi dissident, and the ongoing imprisonment of others who voice any opposition to the prince and the kingdom’s hierarchy. − Climate News Network

Rising heat forces big growth in electricity demand

As temperatures increase, rising heat will mean many power stations falter, leaving homes dark, chilly and short of energy.

LONDON, 13 January, 2021 − US scientists have identified a new anxiety for a world of heat extremes. As the thermometer climbs, they warn, the efficiency of thermal power plants will fall, as the rising heat makes it harder to keep the generators cool.

In a world in which billions of urban dwellers could be exposed to temperatures at the moment experienced in the Sahara desert and other  hotspots, and in which heat and humidity could reach potentially lethal  levels, the problems ahead for energy companies may seem of less consequence.

But rising city temperatures will inevitably be matched by ever-greater demand for electrically-driven air conditioning. And as air and water temperatures rise, and demand increases, turbines driven by coal, oil and gas combustion must, to operate efficiently, be cooled by air or water.

But if the air and water are warmer too, efficiency and then capacity could fall, by as much as 10%, causing periods when power suddenly becomes unavailable.

“We are already feeling the impacts of global warming. Governments should be preparing for the large increases in electricity demand that will come with increased temperatures”

And on the latest calculations, in the journal Environmental Research Letters, if global average temperatures increase by 2°C, then the number of outages on hot days could double.

In fact, global average temperatures have already climbed by more than 1°C, and could hit 1.5°C as early as 2027. Demand for air conditioning has already begun to affect US energy supplies.

“Our work demonstrates a harmful interaction between human adaptation and infrastructure vulnerability in a warming world,” said Ethan Coffel, a geographer at Syracuse University in New York, who led the research into the likely impacts of rising heat.

“As hot days become more frequent, people will want air conditioners to protect themselves from unpleasant and dangerous heat. But these air conditioners need electricity, which further increases the greenhouse emissions that drive global warming further.”

Big shortfall

And that puts a strain on the grid that distributes power around a nation. It also sets a challenge to those nations that have yet to invest heavily in renewable energy sources such as wind power and photovoltaic cells, and to phase out thermal generators.

“By the middle of the century we find that 100 to 200 additional average-sized global power plants could be required to make up for the electricity generating capacity lost due to heat,” Dr Coffel warned.

“Major progress has been made to reduce the cost of wind and solar power − these zero-carbon sources are now often cheaper than fossil fuels. So making the transition away from coal, oil and gas not only makes climate sense, but also economic sense.

“However, we are already feeling the impacts of global warming. Governments should be preparing for the large increases in electricity demand that will come with increased temperatures.” − Climate News Network

As temperatures increase, rising heat will mean many power stations falter, leaving homes dark, chilly and short of energy.

LONDON, 13 January, 2021 − US scientists have identified a new anxiety for a world of heat extremes. As the thermometer climbs, they warn, the efficiency of thermal power plants will fall, as the rising heat makes it harder to keep the generators cool.

In a world in which billions of urban dwellers could be exposed to temperatures at the moment experienced in the Sahara desert and other  hotspots, and in which heat and humidity could reach potentially lethal  levels, the problems ahead for energy companies may seem of less consequence.

But rising city temperatures will inevitably be matched by ever-greater demand for electrically-driven air conditioning. And as air and water temperatures rise, and demand increases, turbines driven by coal, oil and gas combustion must, to operate efficiently, be cooled by air or water.

But if the air and water are warmer too, efficiency and then capacity could fall, by as much as 10%, causing periods when power suddenly becomes unavailable.

“We are already feeling the impacts of global warming. Governments should be preparing for the large increases in electricity demand that will come with increased temperatures”

And on the latest calculations, in the journal Environmental Research Letters, if global average temperatures increase by 2°C, then the number of outages on hot days could double.

In fact, global average temperatures have already climbed by more than 1°C, and could hit 1.5°C as early as 2027. Demand for air conditioning has already begun to affect US energy supplies.

“Our work demonstrates a harmful interaction between human adaptation and infrastructure vulnerability in a warming world,” said Ethan Coffel, a geographer at Syracuse University in New York, who led the research into the likely impacts of rising heat.

“As hot days become more frequent, people will want air conditioners to protect themselves from unpleasant and dangerous heat. But these air conditioners need electricity, which further increases the greenhouse emissions that drive global warming further.”

Big shortfall

And that puts a strain on the grid that distributes power around a nation. It also sets a challenge to those nations that have yet to invest heavily in renewable energy sources such as wind power and photovoltaic cells, and to phase out thermal generators.

“By the middle of the century we find that 100 to 200 additional average-sized global power plants could be required to make up for the electricity generating capacity lost due to heat,” Dr Coffel warned.

“Major progress has been made to reduce the cost of wind and solar power − these zero-carbon sources are now often cheaper than fossil fuels. So making the transition away from coal, oil and gas not only makes climate sense, but also economic sense.

“However, we are already feeling the impacts of global warming. Governments should be preparing for the large increases in electricity demand that will come with increased temperatures.” − Climate News Network

Cyclones reduce India’s wind power generation

The risk of damage to turbines from cyclones has cut India’s electricity output, despite a longer windy season.

CHENNAI, 5 January, 2021 − Although India’s windy season was longer than usual in 2020, a series of cyclones that hit the country’s coasts reduced the amount of electricity generated by wind. The storms forced operators to shut down the turbines to prevent damage, which caused a 20% drop in production.

India witnessed five cyclones last year, with the two latest, Nivar and Burevi, making landfall in November. Altogether the combined onslaught of the five obliged turbine operations to be suspended for two weeks.

This has knocked confidence in the renewable energy industry at a time when the government of Narendra Modi is working hard to expand it.

Wind power generation capacity has significantly increased in recent years. It is concentrated across India’s windiest southern, western and northern regions. By the end of September 2020 the total installed capacity was 38,124 megawatts (MW), surpassed only by China, the US and Germany.

Unlike other parts of the world where the wind blows in fairly regular patterns all year round, India gets 70% of its wind between May and September, coinciding with the south-west monsoon. Once the rains and the clouds have gone, solar power largely replaces wind in supplying renewable energy.

“There is a need for a clear ten-year roadmap to boost clean energy technologies and create standards for innovation”

But in 2020 the normal pattern was different, with the windy season in southern India lasting till November. This brought no benefit, though: the turbines could not be left to operate at all, as the wind speed during the cyclones was very high.

Even though World Bank experts and others are predicting a large expansion of wind power in India, including offshore, its unpredictability is sapping the market’s confidence.

It is too early to say whether climate change has anything to do with the change in weather patterns. Ajay Devaraj, secretary-general of the Indian Wind Power Association, says that although wind power production varies from one year to the next, its decline was particularly significant last year because it knocked investor confidence.

“We are hoping this shortage will be met in 2021. But we can’t promise, since wind generation is based on nature’s laws. Due to cyclones there is a 20% shortage of wind power generation in India this year. Since offshore wind projects need huge capital, that doesn’t attract investors,’’ he said in 2020.

There was also a safety issue with some of the older turbines in very high winds, although if in good condition they could continue to operate for far longer, Dr Devaraj said. The alternative was to “repower” wind farms, replacing smaller turbines with larger, more efficient ones − which were also more expensive.

Renewable energy critical

But instead of repowering, he suggested the government could simply check turbine safety. This would encourage their owners to stay in business instead of disinvesting. Turbines as old as 30 years were still in operation in countries like Germany and Denmark, he said.

India produced 37,505 MW of wind power in 2019. It also set a new target of installing 175 gigawatts (GW) of renewable energy capacity by 2022 and 450 GW by 2030. Wind energy is expected to provide the lion’s share of this target. The government recently set up a national committee to co-ordinate more urgent action on climate.

In a recent virtual event on clean energy, Amitabh Kant, who heads India’s Niti Ayog (National Institution for Transforming India), said renewable electricity generated by clean technology was critical for the country.

“We need to get into a whole range of clean energy deployments. It is very important for India to get into cutting-edge technology. There is a need for a clear ten-year roadmap to boost clean energy technologies and create standards for innovation”, he said.

“India is the only country among the G20 nations that is on track to meet its climate change mitigation commitments, made in 2015 under the Paris Agreement, and has formulated forward-looking policies for energy efficiency measures.’’ − Climate News Network

The risk of damage to turbines from cyclones has cut India’s electricity output, despite a longer windy season.

CHENNAI, 5 January, 2021 − Although India’s windy season was longer than usual in 2020, a series of cyclones that hit the country’s coasts reduced the amount of electricity generated by wind. The storms forced operators to shut down the turbines to prevent damage, which caused a 20% drop in production.

India witnessed five cyclones last year, with the two latest, Nivar and Burevi, making landfall in November. Altogether the combined onslaught of the five obliged turbine operations to be suspended for two weeks.

This has knocked confidence in the renewable energy industry at a time when the government of Narendra Modi is working hard to expand it.

Wind power generation capacity has significantly increased in recent years. It is concentrated across India’s windiest southern, western and northern regions. By the end of September 2020 the total installed capacity was 38,124 megawatts (MW), surpassed only by China, the US and Germany.

Unlike other parts of the world where the wind blows in fairly regular patterns all year round, India gets 70% of its wind between May and September, coinciding with the south-west monsoon. Once the rains and the clouds have gone, solar power largely replaces wind in supplying renewable energy.

“There is a need for a clear ten-year roadmap to boost clean energy technologies and create standards for innovation”

But in 2020 the normal pattern was different, with the windy season in southern India lasting till November. This brought no benefit, though: the turbines could not be left to operate at all, as the wind speed during the cyclones was very high.

Even though World Bank experts and others are predicting a large expansion of wind power in India, including offshore, its unpredictability is sapping the market’s confidence.

It is too early to say whether climate change has anything to do with the change in weather patterns. Ajay Devaraj, secretary-general of the Indian Wind Power Association, says that although wind power production varies from one year to the next, its decline was particularly significant last year because it knocked investor confidence.

“We are hoping this shortage will be met in 2021. But we can’t promise, since wind generation is based on nature’s laws. Due to cyclones there is a 20% shortage of wind power generation in India this year. Since offshore wind projects need huge capital, that doesn’t attract investors,’’ he said in 2020.

There was also a safety issue with some of the older turbines in very high winds, although if in good condition they could continue to operate for far longer, Dr Devaraj said. The alternative was to “repower” wind farms, replacing smaller turbines with larger, more efficient ones − which were also more expensive.

Renewable energy critical

But instead of repowering, he suggested the government could simply check turbine safety. This would encourage their owners to stay in business instead of disinvesting. Turbines as old as 30 years were still in operation in countries like Germany and Denmark, he said.

India produced 37,505 MW of wind power in 2019. It also set a new target of installing 175 gigawatts (GW) of renewable energy capacity by 2022 and 450 GW by 2030. Wind energy is expected to provide the lion’s share of this target. The government recently set up a national committee to co-ordinate more urgent action on climate.

In a recent virtual event on clean energy, Amitabh Kant, who heads India’s Niti Ayog (National Institution for Transforming India), said renewable electricity generated by clean technology was critical for the country.

“We need to get into a whole range of clean energy deployments. It is very important for India to get into cutting-edge technology. There is a need for a clear ten-year roadmap to boost clean energy technologies and create standards for innovation”, he said.

“India is the only country among the G20 nations that is on track to meet its climate change mitigation commitments, made in 2015 under the Paris Agreement, and has formulated forward-looking policies for energy efficiency measures.’’ − Climate News Network

Major US pension fund plans fossil-free future

Goodbye to fossil fuels, says one major US pension fund: they’re no good for either the climate or the economy.

LONDON, 17 December, 2020 − In what’s being billed as “the biggest leap forward worldwide on climate finance action this year,” a major US pension fund has announced plans to move its money out of fossil fuels.

The New York State Common Retirement Fund has a portfolio of $226 billion worth of investments under its control. A substantial portion of that cash pile has been invested in the fossil fuel industry, including more than $1bn in the oil giant ExxonMobil.

Tom DiNapoli, the New York State comptroller, who oversees the state’s fiscal affairs, said the retirement fund was pulling its money out of fossil fuels not only for the good of the climate: the move also made financial sense.

“New York State’s pension fund is at the leading edge of investors addressing climate risk because investing for the low-carbon future is essential to protect the fund’s long-term value”, said DiNapoli.

“Divestment is a last resort, but it is an investment tool we can apply to companies that consistently put our investments’ long-term value at risk”

“We continue to assess energy sector companies in our portfolio for their future ability to provide investment returns in light of the global consensus on climate change. Divestment is a last resort, but it is an investment tool we can apply to companies that consistently put our investments’ long-term value at risk.”

The fund is the third largest public pension fund in the US, investing on behalf of more than a million past and present state and local government employees. Under the fund’s plan, investments in what’s termed the riskiest oil and gas companies will be withdrawn by 2025: by 2040 the fund aims to have no money invested in companies associated with climate-changing greenhouse gas emissions.

It says it has already withdrawn investments in more than 20 coal companies. Earlier this year, the last remaining coal-fired power plant in New York State closed.

The fund is now reviewing its investments in tar sands projects and plans further analysis of its financial holdings in fracking companies, fossil fuel service groups, oil and gas transport companies and pipeline operations.

Sandy’s warning

Climate activists in New York State have been among those at the forefront of what’s grown into a global campaign aimed at persuading investors to withdraw their money from the fossil fuel industry.

In 2012 Hurricane Sandy hit the Caribbean, the east coast of the US, and Canada. In the north-east of the US alone more than 60 people died, and the overall cost of the damage caused was estimated at more than $70bn.

In the aftermath of Sandy, a coalition of various organisations, including 350.org, was formed with the aim of persuading institutions – from religious groups to universities to sovereign wealth funds – to withdraw investments in fossil fuel enterprises.

Other organisations, such as the UK-based Fossil Free group, have boosted what is now a worldwide fossil fuel divestment movement, which has successfully campaigned for several trillion dollars’ worth of investments to be withdrawn from the fossil fuel industry. − Climate News Network

Goodbye to fossil fuels, says one major US pension fund: they’re no good for either the climate or the economy.

LONDON, 17 December, 2020 − In what’s being billed as “the biggest leap forward worldwide on climate finance action this year,” a major US pension fund has announced plans to move its money out of fossil fuels.

The New York State Common Retirement Fund has a portfolio of $226 billion worth of investments under its control. A substantial portion of that cash pile has been invested in the fossil fuel industry, including more than $1bn in the oil giant ExxonMobil.

Tom DiNapoli, the New York State comptroller, who oversees the state’s fiscal affairs, said the retirement fund was pulling its money out of fossil fuels not only for the good of the climate: the move also made financial sense.

“New York State’s pension fund is at the leading edge of investors addressing climate risk because investing for the low-carbon future is essential to protect the fund’s long-term value”, said DiNapoli.

“Divestment is a last resort, but it is an investment tool we can apply to companies that consistently put our investments’ long-term value at risk”

“We continue to assess energy sector companies in our portfolio for their future ability to provide investment returns in light of the global consensus on climate change. Divestment is a last resort, but it is an investment tool we can apply to companies that consistently put our investments’ long-term value at risk.”

The fund is the third largest public pension fund in the US, investing on behalf of more than a million past and present state and local government employees. Under the fund’s plan, investments in what’s termed the riskiest oil and gas companies will be withdrawn by 2025: by 2040 the fund aims to have no money invested in companies associated with climate-changing greenhouse gas emissions.

It says it has already withdrawn investments in more than 20 coal companies. Earlier this year, the last remaining coal-fired power plant in New York State closed.

The fund is now reviewing its investments in tar sands projects and plans further analysis of its financial holdings in fracking companies, fossil fuel service groups, oil and gas transport companies and pipeline operations.

Sandy’s warning

Climate activists in New York State have been among those at the forefront of what’s grown into a global campaign aimed at persuading investors to withdraw their money from the fossil fuel industry.

In 2012 Hurricane Sandy hit the Caribbean, the east coast of the US, and Canada. In the north-east of the US alone more than 60 people died, and the overall cost of the damage caused was estimated at more than $70bn.

In the aftermath of Sandy, a coalition of various organisations, including 350.org, was formed with the aim of persuading institutions – from religious groups to universities to sovereign wealth funds – to withdraw investments in fossil fuel enterprises.

Other organisations, such as the UK-based Fossil Free group, have boosted what is now a worldwide fossil fuel divestment movement, which has successfully campaigned for several trillion dollars’ worth of investments to be withdrawn from the fossil fuel industry. − Climate News Network

Dubai heads backwards to its clean energy future

A clean energy future is what Dubai says it’s aiming for. So why has it built a huge new coal-burning power station?

LONDON, 3 November, 2020 − Dubai, surrounded by desert but with its skyscrapers, luxury hotels, beach resorts and kilometres of shopping malls, promotes itself as a city with a clean energy future.

Yet when it comes to meeting the challenges posed by climate change, the Gulf state is going smartly backwards.

Within the next few months, what will be the Gulf’s first coal-fired power plant will start operations in the desert south of Dubai city.

The 2,400 MW Hassyan coal plant, when fully operational in 2023, aims to supply up to 20% of Dubai’s electricity, a big step towards a clean energy future.

The state-controlled Dubai Electricity and Water Authority (DEWA) describes the project as a clean coal facility fitted with the latest technology, including facilities for carbon capture and storage – the aim being to bury harmful greenhouse gas emissions from the plant deep underground.

“Talk of clean coal is a contradiction in terms. Burning coal is the most polluting way of producing energy. Carbon capture and storage is still a relatively untried way of coping with carbon emissions”

But a number of questions surround the plant’s operations. Under the Dubai clean energy strategy 2050, unveiled five years ago, the emirate aims to turn itself into what it calls a global clean energy centre by mid-century, with Dubai city having the smallest carbon footprint of any urban centre in the world.

As part of its clean energy future strategy, Dubai aims to produce 75% of its energy from what it calls clean sources by 2050.

Talk of clean coal is a contradiction in terms. Burning coal is the most polluting way of producing energy. No matter what equipment and technology is installed at the Hassyan plant, substantial carbon emissions will be produced.

Carbon capture and storage is still a relatively untried and disputed way of coping with carbon emissions: many power firms have shied away from implementing projects due to their complexity and great expense.

Cheaper solar

Then there is the question of the cost of the Dubai coal project. The Hassyan plant has a price tag of US$3.4bn (£2.5bn). Under prices agreed four years ago, DEWA agreed to buy electricity from Hassyan for about 5 US cents (£0.04) per kilowatt hour (kWh).

Since then solar power has expanded considerably in the emirate – with prices dropping to less that 2 US cents per kWh.

At present the bulk of Dubai’s electricity is sourced from gas-powered plants. Part of the reasoning behind the Hassyan project was worries over dependence on imports of gas from Qatar – now at loggerheads with the Emirates and Saudi Arabia. Though it awaits development, one of the world’s biggest gas fields was recently discovered in Dubai and neighbouring Abu Dhabi.

While many global financial institutions have turned their backs on funding for coal plants, China continues to be one of the biggest sponsors of coal projects around the world. China’s banks, including the state-owned Bank of China, have given loans to the Hassyan plant.

Much of the construction work there will be carried out by Chinese companies, including the giant Harbin Electrical International group.

Gulf penguins

Per capita emissions of climate-changing CO2 gases in Dubai and its fellow United Arab Emirates (UAE) states are among the highest in the world.

In order to meet ever-growing power needs, the first nuclear plant in the Arab world began operations in the UAE emirate of Abu Dhabi in August this year. The Barakah nuclear plant came on stream three years behind schedule and millions of dollars over budget.

And despite the talk of reducing emissions and clean energy targets, Dubai is still one of the most energy-wasteful territories on the planet: its desalination plants, air-conditioned shopping malls, skyscraper office blocks and luxury hotels use enormous amounts of energy, making a clean energy future a very ambitious goal.

The desert city even has an enclosed snow and ski complex, complete with a 1.5km ski slope – and penguins. − Climate News Network

A clean energy future is what Dubai says it’s aiming for. So why has it built a huge new coal-burning power station?

LONDON, 3 November, 2020 − Dubai, surrounded by desert but with its skyscrapers, luxury hotels, beach resorts and kilometres of shopping malls, promotes itself as a city with a clean energy future.

Yet when it comes to meeting the challenges posed by climate change, the Gulf state is going smartly backwards.

Within the next few months, what will be the Gulf’s first coal-fired power plant will start operations in the desert south of Dubai city.

The 2,400 MW Hassyan coal plant, when fully operational in 2023, aims to supply up to 20% of Dubai’s electricity, a big step towards a clean energy future.

The state-controlled Dubai Electricity and Water Authority (DEWA) describes the project as a clean coal facility fitted with the latest technology, including facilities for carbon capture and storage – the aim being to bury harmful greenhouse gas emissions from the plant deep underground.

“Talk of clean coal is a contradiction in terms. Burning coal is the most polluting way of producing energy. Carbon capture and storage is still a relatively untried way of coping with carbon emissions”

But a number of questions surround the plant’s operations. Under the Dubai clean energy strategy 2050, unveiled five years ago, the emirate aims to turn itself into what it calls a global clean energy centre by mid-century, with Dubai city having the smallest carbon footprint of any urban centre in the world.

As part of its clean energy future strategy, Dubai aims to produce 75% of its energy from what it calls clean sources by 2050.

Talk of clean coal is a contradiction in terms. Burning coal is the most polluting way of producing energy. No matter what equipment and technology is installed at the Hassyan plant, substantial carbon emissions will be produced.

Carbon capture and storage is still a relatively untried and disputed way of coping with carbon emissions: many power firms have shied away from implementing projects due to their complexity and great expense.

Cheaper solar

Then there is the question of the cost of the Dubai coal project. The Hassyan plant has a price tag of US$3.4bn (£2.5bn). Under prices agreed four years ago, DEWA agreed to buy electricity from Hassyan for about 5 US cents (£0.04) per kilowatt hour (kWh).

Since then solar power has expanded considerably in the emirate – with prices dropping to less that 2 US cents per kWh.

At present the bulk of Dubai’s electricity is sourced from gas-powered plants. Part of the reasoning behind the Hassyan project was worries over dependence on imports of gas from Qatar – now at loggerheads with the Emirates and Saudi Arabia. Though it awaits development, one of the world’s biggest gas fields was recently discovered in Dubai and neighbouring Abu Dhabi.

While many global financial institutions have turned their backs on funding for coal plants, China continues to be one of the biggest sponsors of coal projects around the world. China’s banks, including the state-owned Bank of China, have given loans to the Hassyan plant.

Much of the construction work there will be carried out by Chinese companies, including the giant Harbin Electrical International group.

Gulf penguins

Per capita emissions of climate-changing CO2 gases in Dubai and its fellow United Arab Emirates (UAE) states are among the highest in the world.

In order to meet ever-growing power needs, the first nuclear plant in the Arab world began operations in the UAE emirate of Abu Dhabi in August this year. The Barakah nuclear plant came on stream three years behind schedule and millions of dollars over budget.

And despite the talk of reducing emissions and clean energy targets, Dubai is still one of the most energy-wasteful territories on the planet: its desalination plants, air-conditioned shopping malls, skyscraper office blocks and luxury hotels use enormous amounts of energy, making a clean energy future a very ambitious goal.

The desert city even has an enclosed snow and ski complex, complete with a 1.5km ski slope – and penguins. − Climate News Network