Tag Archives: climate-change

The Global Outlook For Renewable Power In One Graph

By Share   Print Energy produced from hydro, wind, solar, and other renewables sources is expected to exceed that from natural gas and double that from nuclear sources by 2016 – becoming the second most important energy source behind coal. Speaking at the 10 th Annual Renewable Energy Finance Forum in New York City last month, International Energy Agency (IEA) Executive Director Maria van der Hoeven said the global outlook for renewables is “robust”, with total renewable generation capacity expected to grow to nearly one-quarter of the global electricity generation capacity by 2018. Ms. van der Hoeven points to two main trends driving the renewables outlook: renewable deployment is expanding across the globe and renewables are becoming cost competitive versus fossil fuels in many circumstances. Led by investment and deployment in China, non-OECD countries are expected to account for two-thirds of the global increase in renewable power generation between now and 2018. This rapid deployment is “mainly driven by fast‐rising electricity demand, energy diversification needs, and local pollution concerns, while contributing to climate change mitigation”, according to Ms. van der Hoeven. China is expected to account for 40 percent of the global growth in renewable power capacity between 2012 and 2018. Although a large portion of China’s renewable portfolio is hydro and onshore wind, the country could have the largest deployment of solar PV systems if financial incentives and a stronger policy push are made. In addition to China, there is significant renewable deployment in Brazil, India, South Africa, and the Middle East. The IEA expects this growth to more than compensate for slower growth in Europe and the United States. COE) for onshore wind is competitive or close to competitive versus new coal or gas-fired plants in Australia, where wind is competitive versus the generation costs of new coal- and gas-fired plants with carbon pricing, and the best wind sites can compete without carbon pricing. In Turkey and New Zealand, onshore wind has been competing well in the wholesale electricity market for several years. Despite the healthy growth prospects, renewable energy deployment is becoming more complex and needs policy certainty to be successful. “To get investment at favourable rates, risks must be reduced and shared. Even for less deployed technologies such as concentrated solar power and offshore wind, technology risk is no longer seen as the main barrier to investment”, Ms. van der Hoeven explained. “The main challenge, the public enemy #1 for investors and the most important barrier to renewable energy deployment is policy uncertainty.” Countries such as Spain , Czech Republic , and Bulgaria have adopted retroactive policy changes that shake investor confidence. In the United States, uncertainty over Production Tax Credits at the end of 2012 provided little confidence for the renewable industry and investors. Reducing incentives for renewable projects is a legitimate policy action as long as the reductions “reflect cost reductions of technologies to maximize benefits to customers and tax-payers.” The IEA Medium-term Renewable Energy Market Report Executive Summary can be found here . Related reading: U.S. energy transitions in one graph Graph: IEA Continue reading

Posted on by tsiadmin | Posted in Investment, investments, News, Property, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , | Comments Off on The Global Outlook For Renewable Power In One Graph

Jonathan Elliott – Can The UK Be A Green Energy Giant?

Posted on 09 July 2013 by ELN reporter That’s one of the big questions the nation faces right now – and from the looks it, with renewable energy projects cropping up all over the UK, the potential for rapid growth is strong. The emphasis on cutting carbon emissions and ramping up the UK’s green credentials is hardly a secret: the government has targets to meet and there are EU goals and industry calls for investment to boot. But I wonder if the country will capitalise on its potential to become a world leader. We may be a dominant force when it comes to offshore wind – but surely that’s to be expected from an island with our infrastructural and financial assets. Keep it fresh – look beyond offshore wind turbines I believe we should have one eye on continuing to build up our vast arrays of turbines and another on fresh initiatives. It strikes me there are some genuinely exciting examples to point to right now. Take the Swansea Bay Tidal Lagoon initiative. This is a plan to invest £650 million on harnessing power from the ebb and flow of the tide. Developers say the lagoon would be the first of its type anywhere in the world, able to supply Swansea’s entire domestic electricity needs and run for more than 120 years. While the project is still very much in its infancy it’s generating a huge amount of interest. It’s easy to understand why. The company says it will save an estimated 216,000 tonnes of CO2 a year – as much as taking 81,000 cars off the UK’s roads every year and could provide 3,600 construction jobs. The lagoon’s appeal notches up even further if you think about similar projects it could inspire in other areas of the UK coastline. Obviously this is all speculation – much depends on the developers getting financial backing, not to mention approval from the relevant authorities. But early signs are undeniably encouraging. With plans for the facility to be operational by 2017, the ambition is clearly there. Watch this space. Digest this – a new UK-wide anaerobic digestion network Elsewhere, keep an eye on an adventurous programme by Tamar Energy. They want to create a network of 40 anaerobic digestion (AD) power plants in the UK – and all by 2018. With four stations set to become operational in 2014 and another 14 sites in various stages of development, the firm seems dedicated to meeting its ambitious target. If successful, their AD sites will produce enough electricity and gas to power more than 200,000 homes. What’s more, with the plants using organic waste to generate renewable energy, Tamar’s project is an effective waste management solution for local authorities. A renewables revolution – but is the backing there? Notwithstanding the role private firms have to play in driving a potential renewables revolution in the UK, government support for the sector remains crucial. With cutbacks on the agenda and austerity the theme of many a spending review, we’d be forgiven for concerns that clean energy firms may not get the backing they desire. Still, there are some promising signs. Greg Barker, Minister of State for Energy and Climate Change, recently told the Intersolar Conference in Germany that the UK “has a reformed, robust and fully-financed support framework for renewables, set all the way to 2020 and beyond”. In the latest Spending Review the Chancellor announced an extra £800 million worth of funding will be pumped into the Green Investment Bank. Finally, the Scottish government recently opted to introduce new subsidies designed to make it less expensive to develop offshore wind farms: the backing is there to provide carbon-neutral businesses with a platform to build. If the majority are dedicated to clean power and the UK continues to dedicate itself to renewables then the nation could well establish itself as a global giant in the green energy arena in the coming years. Imagine the economic benefits in store as the driver of that bandwagon. Jonathan Elliott is the MD of Make It Cheaper , which helps small businesses save money on energy and other bills. If you would like to get a quote on your energy needs, please call 0800 158 5265. Continue reading

Posted on by tsiadmin | Posted in Investment, investments, News, Property, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , | Comments Off on Jonathan Elliott – Can The UK Be A Green Energy Giant?

If We Burn Wood For Energy, We Can’t Have Our Cake And Eat It

Whether more power stations should switch to burning wood or biomass is debatable. David Cheskin/PA Many countries have turned to the planet’s forests to meet their need for renewable energy, burning wood chips and pellets produced at home or abroad in power stations to generate electricity. But a report from the European Environment Agency published this week urged caution over what to burn, and how. There’s no question that if managed sustainably – which absolutely rules out turning tropical forests into palm oil plantations – wood-powered bioenergy can be an effective renewable energy source. In some cases, wood energy markets even encourage good forestry practice that can improve forest health and reduce fire and insect risks. And many experts agree that high yield, short rotation plantations of fast-growing willow or poplar make sense, depending on the land-uses these operations displace. But the question of whether wood bioenergy is problematic from a climate change perspective is much harder to answer. If we burn wood from a forest to produce heat or electricity or both, would the carbon emissions be re-sequestered as the forest re-grows? Is it accurate to consider wood biomass energy to be carbon neutral in terms of greenhouse gas emissions? Forest carbon is sequestered – soaked up from the atmosphere – by plants though photosynthesis, stored in living and dead biomass, and ultimately released back to the atmosphere in the form of carbon dioxide through plant and animal respiration and decomposition. This might suggest that the carbon locked up in forests is part of a global biogenic carbon cycle , separate and distinct from that humans have released by burning fossil fuels. It seems simple, intuitive even, but it’s not that straightforward. Even the concept of “biogenic carbon” is disputed. In our paper we contended that the concept of biogenic carbon is a red herring, because what really matters is the net amount of carbon in the atmosphere, regardless of source. Others will adamantly disagree. In many cases, poorly supported assumptions continue to underpin a sudden rush to develop wood bioenergy power generation around the world – often backed by subsidies. In my opinion, policies promoting wood bioenergy have developed quicker than the science that examines the potential tradeoffs, net effects, and consequences. Science needs time to explore the complexities of an issue like bioenergy. Only proper study can the scientific community provide more informed answers to important policy questions. The crux of the debate comes down to whether or not there will be an initial increase in greenhouse gas emissions if more wood is used for bioenergy (a carbon “debt”), particularly if it is harvested from growing trees, followed by a delay before a net emissions reduction is achieved (the “dividend”). And if so, how long that delay would be. This was structure of the argument laid out in a now infamous study conducted for the state of Massachusetts in the US. A paper by Dr Giuliana Zanchi and colleagues found immediate emissions benefits from using biomass leftover from harvests or from plantations established on marginal agricultural land, assuming biomass was substituted for coal and gas. But intensified harvesting of existing forests was projected to incur a carbon debt lasting many decades. Generating thermal energy instead of electricity has been shown to incur much shorter debt, for example. Getting this right is vital, because we have a window of only the next few decades to stabilise atmospheric greenhouse gases, beyond which some scientists believe climate disruption will be irreversible. So, assuming there will be some degree of debt in the near future and a consequent time lag before an overall net reduction of emissions, we can minimise both by following certain practises. Using by-product or waste biomass, that does not involve intensive forest harvesting , practising excellent sustainable forestry techniques, and building small-scale, highly efficient energy generation applications with minimal waste. Policies should promote high-efficiency energy applications, such as combined heat and power. Studies have found smaller bioenergy projects such as those for homes, housing estates or municipal buildings have much lower net emissions than large, industrially-sized plants. The choice of what not to use is just as important – substituting wood for coal results eliminates considerably more carbon emissions than substitution for natural gas. My research group , using data from bioenergy harvests and energy production across the northeastern United States, came to completely different conclusions depending on the baseline used as a reference to evaluate net emissions. The results swung from carbon negative to carbon positive if the baseline used was the amount of carbon that would have been sequestered had wood bioenergy not been used (with all other things being equal, and taking into account avoided emissions and direct and indirect energy uses associated with wood harvesting). Conversely, if the baseline is simply the amount of carbon currently being emitted at the present date, then most forest management schemes, including wood bioenergy, lowered cabon emissions over the long term. This was true so long as they incorporated the principles of sustainable harvest scheduling that maintain stable forest levels to stock carbon across the landscape as a whole. Should we stop investing in and promoting wood bioenergy? No – but we should proceed with caution, using the best available science. Policymakers will need to weigh the benefits and tradeoffs to minimise unintended consequences such as emissions increasing in the short-term. Go local, go small scale, go high efficiency, and develop rigorous forest harvesting standards and guidelines. When it comes to wood bioenergy, it is unlikely we will be able to have our cake and eat it too. Continue reading

Posted on by tsiadmin | Posted in Investment, investments, News, Property, Taylor Scott International, TSI, Uk | Tagged , , , , , , , , , , | Comments Off on If We Burn Wood For Energy, We Can’t Have Our Cake And Eat It