Tag Archives: green
The Sustainable Approach – Powering Africa Through Biomass Energy
Countries within the great African continent are blessed with enough resources to see them benefiting from biomass energy. Biomass is an important source of energy and the most important fuel worldwide after coal, oil, and natural gas. Bio-energy, which is derived from biomass, is expected to be a pivotal resource, which will contribute to global sustainable development. Dr Segun Adaju, the Project Manager of the Bank of Industry/United Nations Development Project (UNDP), Access to Renewable Energy (AtRE) Project, notes thus: “Biomass is a clean renewable energy resource derived from the waste of various human and natural activities. It excludes organic material, which has been transformed by geological processes into substances such as coal or petroleum.” The energy of biomass is extracted from three distinct sources, the largest energy source of biomass being wood (contributors include the timber industry, agricultural crops and raw materials from the forest); the second largest source is waste energy (main contributors are municipal solid waste and manufacturing waste); and the third largest source is alcohol fuels ‑ derived mainly from corn. Accordingly, in the developed world, biomass should become more important for dual applications such as heat and power generation. This is so since most countries within and across the African continent have a lot of resources for biomass energy; the continent is blessed with an environment and geography that supports the growth of anything. Importantly, biomass energy is especially relevant for Sub-Saharan Africa where over 80 percent of the population relies upon wood, crop and animal residues for meeting their household needs (mainly cooking). Notwithstanding extensive plans for electrification and provision of fossil fuels, a vast majority of households in Sub-Saharan Africa will still depend on biomass resources for their energy needs for at least the next two decades. It is also critical to note that African countries have adequate biomass resources for biomass energy because there is waste like sawdust and/or wood chips, which should not waste away. These countries can convert them into energy by simply putting the waste into small devices called bio-digesters, so that they can digest those waste through bacteria and the rest, scientists know more about that. Since African countries have so many resources (biomass energy resources), developing biomass industries in the continent will have more impact and it will ease some problems affecting the development of the continent. For instance, developing biomass industries in African countries will create more jobs; it will create adequate energy and it will solve the problem of how do we deal with waste. To effectively use resources for biomass energy, policy makers in African governments need to know the technologies that are available and how to apply them. There are also many technologies that can be imported and used to develop local (African) technologies. More so, to tap into these resources, the first thing is for African governments to create awareness so that people know that the waste they are even generating in their houses is actually money and it is a material to generate energy. Crafting of policies is a crucial step if the continent is to effectively utilise its resources for biomass energy. Adaju concurs: “We need government’s support in terms of policy so that we can be able to use our resources to generate our needs. It is not all the time we have to import what we want to consume or use so we need government’s policy to encourage production, and to support entrepreneurs.” The World Bank’s Director for Sustainable Development in the Africa Region, Jamal Saghir, said partners now need to foster mainstreaming of biomass into national economic policies. “The development of biomass energy is closely linked with forestry, agriculture, indoor air pollution and health, environment and climate change, rural electrification, and gender development,” he said. “And all these linkages have to be explicitly recognised and harmonised to have a unified sustainable approach.” This means Africa must embrace biomass energy and utilise it as a developmental tool. One of the major reasons why unemployment is high in the continent and why manufacturing companies are shutting down is because of energy is insufficient. If African countries have adequate energy, there will obviously be more employed people. Without doubt, biomass is an important source of energy and the most important fuel worldwide after coal, oil, and natural gas. Continue reading
Emerging Market Sell-Off Sets Scene For Long-Haul Returns
By Fiona Hamilton (Money Observer) | Fri, 23rd August 2013 Emerging market sell-off sets scene for long-haul returns Steep setbacks in a number of emerging and Asian stockmarkets have attracted the attention of global and regional investment company managers. Stockmarkets in the BRIC countries have been relatively disappointing for some time, but other emerging markets – in Mexico, Thailand and the Philippines, for example – had a fantastic run prior to the June sell-off. As a result, the shares of many consumer-oriented and higher-yielding companies reached levels that persuaded leading emerging market managers to take profits. They were well advised, as some of the most highly rated companies, such as Mexican restaurant group Alsea, have fallen by more than 30%, even though their businesses seem unlikely to be materially affected by macroeconomic events. Tense times If confidence continues to be undermined by fear that central banks will reduce quantitative easing in the West and credit conditions will tighten in China, emerging stockmarkets are likely to remain out of favour, as Western money tends to fly home when nerves are jangling. Riots in Brazil and Turkey have not helped, and nor have the Syrian bloodbath, the increasingly authoritarian tone of the Russian government, or a series of interventionist or confiscatory moves by Latin American leaders. Despite all this, the long-term outlook for many emerging market and Asian companies remains far more exciting than it is for their counterparts in the West, and investors who buy when the worst of the setback is over should be well rewarded. Mark Mobius has managed the £1.6 billion Templeton Emerging Markets Investment Trust (TEMIT) since its 1989 debut, and has achieved net asset value total returns averaging close to 20% a year over the past decade. He believes emerging markets continue to offer potential for superior long-term returns, primarily because their economies are, on average, growing much faster than developed economies. “We believe this growth has become increasingly self-sustaining, as levels of trade with emerging markets start to dominate overall trading patterns, and rising consumer wealth in emerging market economies stimulates domestic demand. The finances of emerging market countries as a group, as measured by factors such as foreign reserves and debt-to-GDP levels, appear stronger than those of many developed markets, while demographic factors in emerging nations today are also much more favourable,” he says. Matthew Dobbs, who has achieved highly competitive returns for Schroder Oriental Income and Schroder Asia Pacific, makes a similarly positive case for Asia, which dominates the emerging market indices, and particularly for the 10 countries that make up the ASEAN region. Dobbs says political conditions seem encouragingly stable in the key countries of Thailand, Indonesia and the Philippines, which have a combined population of around 400 million. Urbanisation is continuing to increase, which boosts productivity and growth, while intraregional trade is growing, helped by improved infrastructure. He believes the Asian economies have become much less vulnerable to problems in the West because most are now well financed, with sturdier current account balances, robust foreign exchange reserves and less US dollar-denominated debt. Although such positive fundamental measures were priced in before the June correction, he says valuations have started to look interesting again, especially in areas such as property development, banking and healthcare. Investor options Investors wanting to venture into emerging markets have a variety of options among closed-end investment companies. The most indirect choice would be a developed market trust holding a lot of companies exploiting emerging market opportunities, such as Jupiter European Opportunities or Henderson Smaller Companies. They invest in companies with higher levels of corporate governance, their liquidity tends to be better and it is easier to keep close tabs on what a company’s management is up to. They can get plenty of exposure to some sectors of emerging market demand – consumer goods, industrial equipment, tobacco, luxury goods, aerospace and pharmaceuticals, for example. However, investors will be unable to tap into many other sectors through Western companies, so their emerging market exposure will be partial. Also, Western companies are more comprehensively followed, so it becomes harder to spot valuation anomalies. Some trusts in global sectors offer a more direct but still flexible exposure. Murray International is the stand-out option. It has roughly half its portfolio invested in Asian and emerging market companies and boasts a fantastic long-term record. Its net asset value fell sharply in June. If this brings the premium down to earth, it could offer a buying opportunity. British Empire Securities & General has about a quarter of its portfolio in Asia, largely through well-managed conglomerates selling at deep discounts to their asset values. Scottish Mortgage Investment Trust has just under a quarter of its assets in emerging markets and Asia, but its high-conviction portfolio and high gearing means it is not for the fainthearted. Scottish Investment Trust reduced its emerging market and Asian exposure to around 22% before the setback, but lead manager John Kennedy is keen to rebuild it. Global emerging market trusts, such as TEMIT, JPMorgan Global Emerging Markets Income and JPMorgan Emerging Markets, require a more wholehearted commitment, as they cannot swing the balance elsewhere when times are tough. Regional specialists in Latin America, eastern Europe and Asia Pacific are even more circumscribed. Single-country trusts have a narrower selection of equities and nowhere to hide if their market falls out of favour, but they may offer deeper exposure. The portfolio of VinaCapital Vietnam Opportunity, for example, includes private equity and real estate as well as equities. Antony Bolton’s difficulties managing Fidelity China Special Situations Investment Trust have underscored the importance of picking specialist managers with a lot of relevant local knowledge and contacts. Schroders, Aberdeen and First State Stewart are all strong in Asia and emerging markets, and offer a variety of trusts and offshore funds. Green tinge First State’s Pacific Assets Trust is a carefully-run trust that does not use gearing and steers clear of overvalued consumer companies. It looks to buy quality companies on modest valuations, but manager David Gait is also committed to finding companies that directly or indirectly address the enormous sustainable development challenges confronting Asia, such as sourcing clean water. Fund Data Name 1 Year (%) 3 Years (%) 5 Years (%) Rating Brit Emp Sec&Gen Tst plc 15.43 22.41 22.41 2 star(s) Fidelity China Spec Sits Plc 29.28 -8.10 – 1 star(s) Henderson Sm Cos 63.29 120.63 140.59 3 star(s) JP Morgan Emg Mkts IT plc 2.30 7.20 37.16 4 star(s) JPM GblEM Inc Tst plc 5.53 22.69 – N/A star(s) Jupiter European Opps 41.59 105.52 147.07 5 star(s) Murray Intl Tst PLC 15.05 50.78 96.78 3 star(s) Pacific Assets Trust plc 25.94 50.16 74.00 3 star(s) Schroder Asia Pacific 6.22 29.59 83.20 4 star(s) Schroder Oriental Inc 14.57 51.20 133.58 4 star(s) Scottish Investment Trust PLC 24.38 51.30 42.71 3 star(s) Scottish Mortgage IT 32.45 67.64 72.15 3 star(s) Templeton Emerging Markets 1.31 4.56 47.98 3 star(s) VinaCapital Vietnam Opp 31.55 43.41 -11.99 Continue reading
Entire Dubai Metro cabin for women and children
Entire Dubai Metro cabin for women and children Lily B. Libo-on / 27 August 2013 From September 1, the Roads and Transport Authority’s Rail Agency will extend the Metro cabin capacity for women and child passengers to meet the growing demand during peak hours. A cabin of the Dubai Metro reserved for women and children during peak hours from September 1. — KT photo by Leslie Pableo Peak hours are from 7am to 9am and from 5pm to 8pm during which one cabin will be allocated entirely for women and children from Sundays to Thursdays. Currently, only half of the cabin is dedicated as special Dubai Metro compartment for women and children to provide, in addition to privacy, more space to allow strollers and bags. Ramadan Abdullah Mohammed, Director of Rail Operations, said that every Metro train has five cabins, of which half a cabin has been allocated to women and children and the other half for Gold card-holders, and the rest for all other passengers. “With the extension of the Metro cabin capacity for women and children, only three-and-a-half cabins will be for other passengers during peak hours starting September 1. “The number of women and children Metro passengers have noticeably increased primarily due to the growth in the public transport culture among the public from different social cross-sections, including women and children. Such a rise in the number of these commuters has prompted us to extend the current capacity of their Metro cabin to reach half of silver cabin.” He said that this Metro cabin capacity is being extended to make the Metro trip smoother and more comfortable for women and children, especially that this segment of Metro passengers needs to be given privacy. The Rail Operation director appealed to all male Metro commuters to respect this new cabin allocation during the peak hours and help women and child travellers enjoy riding in the Metro with more privacy. Dubai Metro, which was launched on 09-09-2009, is servicing 400,000 riders a day, with 46 trains on the Red Line and 10 trains on the Green Line during peak hours. Dubai’s is the world’s longest driverless Metro at 75km. – lily@khaleejtimes.com Continue reading
