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Palestinians Discuss Development of Gas Field with Shell

The Palestinian Investment Fund (PIF) announced on Monday that it has been discussing the development of Gaza Marine Gas Field with Shell, Anadolu has reported.

Gaza Marine is about 30km off the coast of the Gaza Strip in the eastern Mediterranean; it is estimated to contain about 28 million cubic metres of gas.

British Gas bought the concession from the Palestinian Authority in 1999 but the development of the project has been on hold due to Israeli obstacles. Preventing the development of the project is part of the internationally-backed Israeli siege of the Gaza Strip. Shell bought the British Gas stake in Gaza Marine recently, and it is now the main developer of the field.

The Director of the PIF, Mohamed Mustafa, told Anadolu that the current discussions with Shell concentrate on accelerating the development of the project. He noted that there had been a study to connect a pipeline from the field to the sole electricity plant in Gaza. “The most important thing, though, is that we get Israel’s permission for this pipeline because it crosses its land,” he explained.

According to Offshore-technology.com, Shell holds a 90 per cent interest in the field. The stake will reduce to 60 per cent if the PIF and Consolidated Contractors Company (CCC) decide to exercise their options. PIF and CCC would subsequently hold 30 per cent and 10 per cent interests respectively.

The PIF is a sovereign Palestinian fund with capital of $800 million.

Source: middleeastmonitor.com

Photo: shell.com

This Danish School Has Installed The World’s Largest Solar Facade

A new building in Copenhagen is covered by 12,000 colourful solar tiles, making it one of the largest building-integrated solar power plants in Denmark.

The tiles completely cover the building and will provide it with 300 MWh of electricity per year, meeting over half of the new campus of Copenhagen International School’s energy needs.

But aside from being the largest installation of its kind in the world according to the developers, the tiles are also architectural features in their own right.

Based on a new technology developed in Switzerland, the tiles are a distinctive “sea green” – not unlike Copenhagen’s iconic Little Mermaid statue.

The unusual color is the result of a complicated process of light interference developed over more than a decade in the labs of the Ecole Polytechnique Federale in Lausanne (EPFL).

It took the researchers 12 years to figure out how they could define the colour of their solar tiles without adding any pigments to the materials.

By ensuring that only certain wavelengths are reflected, they can now make the tiles appear in colours such as brick red, royal blue, golden yellow or sea green as used in Copenhagen.

The researchers developed special filters, which they applied to the glass panels in nanometric layers. The filter design determines which wavelengths of light will be reflected as visible color.

You may have seen a similar effect in a soap bubble or in a layer of oil on the surface of water.

“The iris effect creates a colorful rainbow on a very thin layer. We used the same principle and adapted for glass,” said Jean-Louis Scartezzini, the head of the Solar Energy and Building Physics lab at EPFL.

The rest of the sunlight is absorbed by the solar panel and converted into energy.

About half of all energy used in Europe is for cooling and heating, but so far renewables only contribute 18 per cent to that.

At a different university in Switzerland, ETH Zurich, researchers have developed an adaptive solar façade in another effort to help counter that.

The system can be installed on existing buildings to generate electricity while allowing daylight to pass through into the building. The panels can be shifted to provide shading when needed.

But it is not just renewable energy that is powering Europe’s buildings. Energy efficiency should be seen as an energy source in its own right according to the European Commission, which says energy efficiency will play a key role in speeding up the transition to clean energy while boosting growth and jobs.

The buildings sector accounts for some 40 per cent of Europe’s energy consumption. Renovating existing buildings, households and businesses could greatly reduce their energy use – and drastically cut bills for consumers and businesses.

Because two-thirds of Europe’s buildings were built when energy efficiency requirements were limited or non-existent, there is a huge opportunity to upgrade existing buildings to drive down costs and emissions.

Better insulation is one of the first places to start to keep heating and cooling bills down.

Keeping buildings warm accounts for more than 80 per cent of heating and cooling consumption in colder climates. In warmer countries, space cooling is the most important use – and it is growing because of climate change.

Delft University of Technology in the Netherlands is testing out a new innovation that acts like a building’s second skin.

Existing buildings can be upgraded with the pre-fabricated material and the occupants can continue to use the space during construction.

Researchers in Gothenburg, Sweden, are also working on lighter, thinner and more durable materials that will meet stricter building regulations. One of the projects at Chalmers University of Technology focuses on ultra-thin concrete wall panels.

The researchers use a waste product from the iron industry as an eco-friendly alternative material. It fully replaces traditional cement, rendering one of the most CO2 intensive industrial processes obsolete. The use of textile reinforcement instead of steel additionally reduces the amount of cement in concrete walls.

On average, the renovation rate of buildings in the European Union is only around 1 per cent per year, this means that renovating all of Europe’s buildings would take roughly 100 years.

Although in Germany and France, around 1.75 and 1.5 per cent of buildings are already being renovated annually, the European Commission says it is introducing new measures to further speed up the decarbonisation of existing buildings as part of its Clean Energy for All Europeans plan.

The European Union’s climate innovation initiative, Climate-KIC, already connects universities and businesses in its Building Technologies Accelerator to speed up the decarbonisation of the buildings sector.

To figure out how this could work best in practice, Climate-KIC is also testing out new energy efficiency innovations and building materials in real-life settings in homes and offices around Europe.

Source: dailyplanet.climate-kic.org

Competition Launched to Find Innovative Solutions for Greener Cities

IoT for Greener Cities is a new challenge launched as an initiative of the Young Global Leaders of the World Economic Forum. It targets finding and developing cutting-edge technologies, based on the Internet of Things (IoT) and other IT innovations, which could be easily introduced in our homes, buildings and cities to reduce CO2 emissions and improve local air quality.

The competition is open to any small team with an idea that they think can be scaled up to help decarbonise and improve cities’ environmental footprint. After a voting stage, up to 15 finalists will receive six weeks of mentoring from experts to overcome technical or business related challenges. The finalists will then have the opportunity to present their idea to a jury of experts from a range of European companies and public stakeholders, including the European Union and the World Economic Forum, with the winning team in each category receiving six months of further technical support, visibility within the partners’ networks and €10,000 worth of prizes.

The competition follows the success of the first Decarbonathon competition that saw 230 teams from all over the world compete in the wake of the Paris climate change negotiations, COP 21, to find promising new ways of reducing CO2 emissions. The winners received significant support to help scale up their innovation.

The new IoT for Greener Cities challenge is looking for IT-based innovations that particularly utilise the potential of IoT: the emerging area that makes use of interconnected smart devices to better understand and tackle challenges such as climate change. The competition comprises three categories: smart solutions for households, smart solutions for energy-efficient buildings and sustainable mobility in an urban environment.

In addition to the Young Global Leaders of the World Economic Forum, the competition is facilitated by ENGIE, the Centre for Carbon Measurement at NPL, Climate-KIC and Energy Ville – a European research centre focusing on energy-efficient buildings and intelligent networks for a sustainable urban environment.

The partners will provide support and mentoring for applicants, to help design and speed up the commercialisation of these new solutions. The main phases of the competition are:
Online registration of the teams until 22 March 2017
Selection and publication of the best 15 ideas on 4 April 2017

A two-day event in Brussels on 15 May 2017 for the finalists to prepare their pitch to be presented to the jury on 16 May 16 and followed by the annoucement of the winners.

Isabelle Kocher, ENGIE CEO, said: “With our partners we are fully committed to support for a second year this global world initiative of the Young Global Leaders. Within ENGIE we believe in a 3D revolution of the world of energy, being more decentralized, decarbonized and digitalized. In this regard, new data-based solutions and IoT will trigger a better use of energy with a positive impact on the environment.”

For more information visit npl.co.uk.

Source: npl.co.uk

Chicago Receives 130 Complaints about Buildings without Recycling Options

Foto: Pixabay
Photo: Pixabay

Chicago’s Department of Streets and Sanitation (DSS) has received 130 complaints so far about residential and commercial high-rise buildings not complying with a new city recycling requirement since it took effect on Jan. 1, as reported by the Chicago Sun Times.

City inspectors will now visit each site to verify the claims and give property owners a warning to comply within 30 days. After that, penalties for the first violation could be up to $1,000 and the second violation within one year could cost up to $2,500. Any after that could cost up to $5,000 within one year of the most recent violation.

Because these penalties can compound on a daily basis, the Chicago Association of Realtors has called them “unduly onerous” and is unhappy with the system. DSS has repeatedly said that the intent is to work with property owners rather than penalize them.

Chicago has had a high-rise recycling requirement since 1993, but it was rarely enforced and DSS has issued less than 200 violations in the past 10 years. Last summer, Mayor Rahm Emmanuel decided to push for a change as part of a lager citywide recycling update and ran up against powerful real estate interests. While the 30-day warning period was added as a compromise, they are still not happy with the new ordinance.

In addition to arranging for collection in these high-rise residential and office buildings, landlords are also expected to educate tenants about the city’s single-stream recycling requirements. This policy is similar to a recent update to Delaware’s statewide recycling regulations around multi-unit buildings, though in this case the expectation is that landlords will be responsible for the change rather than haulers. The focus on multi-unit buildings is not unique and a number of other cities have also been targeting them in efforts to improve their diversion rates.

Once property owners can get past these initial logistical challenges they have the potential to help improve the city’s recycling system for years to come. Because some younger residents have grown up living or working in buildings without recycling it isn’t a part of their daily routine and that is seen as one of many factors in Chicago’s low diversion rates. Poor participation and high contamination have become such an issue that DSS recently decided to simplify its recycling requirements in some neighborhoods to stabilize the program.

Source: wastedive.com

Iran to Sell Russia 100,000 Barrels of Oil per Day – State TV

Photo: Pixabay
Photo: Pixabay

Iran announced on Tuesday it will begin selling 100,000 barrels of oil per day to Russia within the next 15 days and receive payment half in cash and half in goods and services, the Iranian Students’ News Agency (ISNA) reported.

Iranian Oil Minister Bijan Namdar Zanganeh provided details about the deal after meeting Russian energy minister Alexander Novak in Tehran, ISNA said.

“Of course we were ready to sign the contract tonight but our Russian counterpart was in a hurry and had to go to the airport,” Zanganeh said. He added that a number of Russian companies have already signed memorandums of understanding with Iranian companies.

Zanganeh said that Russia will be cooperating with an OPEC decision last November to cut production levels and will be reducing its oil output by 300,000 bpd, according to ISNA.

Source: middleeastmonitor.com

CO2 Cuts: Finding the Right Balance between Protecting Trade and Fighting Climate Change

MEPs vote last week on plans to reform the EU’s emissions trading system (ETS), a scheme set up to help reduce greenhouse gases, which is not not working as expected. Although the EU is the world’s third largest CO2 emitter, it also harbours the most ambitious climate target: to cut emissions by at least 40% by 2030 compared to 1990 levels. The plans voted on in Parliament this week should help achieve this target while maintaining Europe’s industrial competitiveness.

Launched in 2005, the emissions trading schemes obliges more than 11,000 power plants and factories to hold a permit for each tonne of CO2 they emit. Companies have to buy them through auctions. However, some of them are allocated for free, particularly in sectors at risk of having companies move production to other regions with laxer emission constraints.

The amount of permits put on auction is reduced year by year. The share of freely allocated permits is also reduced, except for critical industries. This should provide a financial incentive to pollute less: the less you pollute, the less you pay.

However, the price of permits have been very low in recent years because of oversupply, which means companies have little incentive to switch to less polluting technologies.

On Wednesday, MEPs vote on proposals aimed at reducing oversupply and boosting prices, including a proposal to reduce the supply of permits at a faster rate, as well as putting a certain amount of them in reserve.

The changes will form the basis of further negotiations with the governments of member states on the final text of the directive. UK ECR member Ian Duncan, who wrote the report with recommendations to fellow MEPs, will lead the negotiations on behalf of Parliament.

Source: europarl.europa.eu

The Cost of Air Pollution: Strengthening the Economic Case for Action

The Cost of Air Pollution: Strengthening the economic case for action, a joint study of the World Bank and the Institute for Health Metrics and Evaluation (IHME), seeks to estimate the costs of premature deaths related to air pollution, to strengthen the case for action and facilitate decision making in the context of scarce resources.

An estimated 5.5 million lives were lost in 2013 to diseases associated with outdoor and household air pollution, causing human suffering and reducing economic development. Those deaths cost the global economy about US$225 billion in lost labor income in 2013 and more than US$5 trillion in welfare losses, pointing toward the economic burden of air pollution. You can find study here.

Source: openknowledge.worldbank.org

Singapore to Introduce Carbon Tax to Curb Emissions

Photo: Pixabay
Photo: Pixabay

Singapore is set to introduce South East Asia’s first carbon tax in 2019 under plans revealed by Finance Minister Heng Swee Keat yesterday.

The scheme, which would see more than 30 of the nation’s largest polluters forced to pay tax on their emissions, would initially price a tonne of greenhouse gas emissions at between S$10 (US$7) and S$20 (US$14).

Although the Singapore government admitted the initiative would likely push up energy prices by between two and four per cent, Swee Keat said the tax is the fairest and most efficient way to bring down emissions.

“The most economically efficient and fair way to reduce greenhouse gas emissions is to set a carbon tax, so that emitters will take the necessary actions,” he said during his 2017 budget speech. “Singapore is vulnerable to rises in sea level due to climate change. Together with the international community, we have to play our part to protect our living environment.

Under the Paris Agreement, Singapore has promised to reduce its emissions intensity by 36 per cent by 2030, against 2005 levels, and peak overall emissions by around 2030.

The tax would be imposed on carbon dioxide emissions alongside five other greenhouse gases including methane and hydrofluorocarbons. Revenues will be used to help fund industry emission reduction measures.

An industry consultation has already been launched on the proposal, which Swee Keat said has the potential to “spur the creation of new opportunities in green growth industries such as clean energy”. A final decision is expected in the coming months.

The move comes as China is preparing to launch what is expected to be the world’s largest carbon market. The country has been testing regional pilots, and intends to launch a nationwide scheme by the end of the year.

Source: businessgreen.com

Siemens Tops Clean 200 as Chinese Firms Dominate Rankings

German tech giant Siemens has topped the latest Clean 200 list of publicly traded corporations which make significant revenue from green energy, while Chinese companies continue to dominate the rankings.

Revealed today, the Clean 200 list ranks firms according to green revenues, and features major, established clean tech names such as France’s Schneider Electric SE, US EV company Tesla, Spanish energy firm Gamesa and Danish firms Vestas Wind Systems and DONG Energy within the top 20.

Other major corporations such as Panasonic, Philips Lighting, Bombardier Inc. and Emerson Electric also feature highly in the list, which was last year topped by Japanese car company Toyota – now in second place – in the inaugural Clean 200.

However, while the highest-ranked Chinese firm in the list – Xinjiang Goldwind Science & Technology Co Ltd – sits only at number 15, there are as many as 71 companies from China in the latest quarterly rankings, which is almost double the 41 companies featured from the USA.

Meanwhile, only two UK companies again feature in the latest rankings – energy utility firm SSE Plc at number nine and Dialogue Semiconductor at 161.

Compiled by non-profit organisation As You Sow and market research firm Corporate Knights, the list ranks the largest publicly quoted companies worldwide by their total clean energy revenues, as rated by Bloomberg New Energy Finance.

To qualify, companies must have a market value of at least $1bn and generate 10 per cent of their revenues from clean sources.

Overall, according to Corporate Knights, since the first Clean 200 rankings last August, companies in today’s list only slightly underperformed those in the S&P Global 1200 indices by 1.3 per cent, despite a “tumultuous” period for global stock markets that included President Trump’s surprise US election win in November.

Commenting on today’s rankings, Corporate Knights’ CEO Toby Heaps said the domination of Chinese companies in the Clean 200 was particularly impressive given that China’s stock market is less than half the size of the USA’s.

A number of recent analyses have suggested China could be set to take the lead in the global green economy with the country announcing billions of dollars of investment into renewables and clean technology worldwide in recent months. Meanwhile, President Trump – known to harbour a distaste for wind farms – has indicated he favours greater support for USA’s fossil fuel industries.

“The clean energy ‘space-race’ is on and China is in pole position,” said Heaps. “Whether or not the US can climb out of second place will depend in no small measure on the new administration’s ability to make America green again.”

Updated quarterly, the Clean 200 list excludes all oil and gas companies as well as utilities which generate less than 50 per cent of their power from renewable sources. Also excluded are companies which engage in “negative climate lobbying” or profit from tropical deforestation, weapons manufacturing and the use of child and/or forced labour.

The list serves as a parallel listing to the ‘Carbon Underground 200’ ranking of fossil fuel companies being targeted for divestment.

Source: businessgreen.com

World Bank Scores Sustainable Energy Policies in 111 Countries

An increasing number of developing countries – Mexico, China, Turkey, India, Vietnam, Brazil, and South Africa – are emerging as leaders in sustainable energy, with robust policies to support energy access, renewables and energy efficiency, according to a new World Bank Report.

But there is huge room for improvement across every region in the world and particularly in Sub-Saharan Africa, says the report, entitled RISE (Regulatory Indicators for Sustainable Energy).

RISE is the first global policy scorecard of its kind, grading 111 countries in three areas: energy access, energy efficiency and renewable energy. The report is aimed at helping governments assess if they have a policy and regulatory framework in place to drive progress on sustainable energy and pinpoints where more can be done to attract private investments. RISE also enables countries to measure their performance against others, and will allow them to track progress over time.

“RISE will be an invaluable tool for policymakers, helping them to identify and bolster policies and regulations that spur the kind of investments needed to extend access to modern, affordable and reliable energy for all,” said Riccardo Puliti, Senior Director and Head of Energy and Extractives at the World Bank.

While many of the countries surveyed in RISE have embraced the sustainable energy agenda, the report identifies important policy gaps across all regions, and highlights opportunities for rapid progress. SubSaharan Africa is the world’s least electrified continent, where 600 million people still live without electricity. As many as 40 percent of Sub-Saharan African countries surveyed by RISE have barely taken any of the policy measures needed to accelerate energy access, compared to less than 10 percent of Asian countries. Exceptions include Kenya, Tanzania, and Uganda which have strong policy frameworks.

RISE assesses where additional efforts are most needed – both developed and developing countries need to pull their weight. Among the top 10 high-impact countries for renewable energy and energy efficiency, all have relatively robust policy frameworks in place. The same cannot be said for the top 10 high-impact countries for access – both Nigeria and Ethiopia still need to make much progress in policies and regulations. The report notes that in order to improve electricity access, there must be a better balance between making power both affordable for customers without undermining the financial viability of the utilities that need to invest to provide service.

With the plummeting costs of solar panels, there is now an opportunity to bring electricity to customers beyond the reach of utility networks. But many countries, have done little to create a regulatory environment favorable to accelerate the diffusion of solar home systems.

RISE finds that measures to promote renewable energy – such as targets, incentives and institutions – are widespread. The challenge is no longer how to build renewable power plants, but how to ensuRISE data is freely available on an online platform that enables users to customize the information they need on each country’s power sector and policy framework an online platform that enables users to customize the information they need on each country’s power sector and policy framework. The report has 27 indicators and 80 subindicators and examines over 3,000 laws, regulations and policy documents.

Source: World Bank

Saudis Kick-Start RE Plan

Photo: Pixabay
Photo: Pixabay

Saudi Arabia has launched the first two tenders of its much-awaited 9.5GW renewable energy program.

Under Round 1, the country has opened requests for qualifications for the 400MW Midyan wind farm in Al Jouf province and the 300MW Sakaka solar park in Tabuk province.

Its Renewable Energy Project Development Office is seeking companies to build, own and operate the projects. Both sites have undergone full predevelopment work, according to the ministry.

The office will accept submissions until 20 March and will seek requests for proposals from 17 April.

The wind project will be backed by a 20-year power purchase agreement and the photovoltaic plant with a 25-year deal.

Saudi Arabia’s National Renewable Energy Programme aims to drive the installation of 9.5GW of clean power capacity by 2023, with an interim target of 3.45GW by 2020.

Source: renews.biz

Eco-Industrial Parks: Creating Shared Prosperity and Safeguarding the Environment

Photo: UNIDO
Photo: UNIDO

Eco-Industrial Parks (EIP) foster economic and social progress and help to protect the environment. This future-oriented eco-industrial development concept integrates industry and nature to offer businesses prospects for growth, improve eco-systems and foster innovation. UNIDO’s eco-industrial park approach is an inclusive and sustainable development strategy seeking to meet the Sustainable Development Goals (SDGs). It rejects the trade-off between economic growth and the environment.

Stephan Sicars is the Director of the Department of Environment at UNIDO, whose team implements the Organization’s eco-industrial park programme. He explains why there is little time left for shifting to the eco-industrial model:

“If the current business-as-usual practices are sustained, scientists estimate that by 2050 three planet Earths will be needed. Eco-industrial parks promote the circular economy, water resource conservation, recycling and the sound management of waste, as well as the utilization of industrial synergies.”

UNIDO promotes the development of national programmes on eco-industrial parks. These programmes link the existing local projects into a network of national stakeholders and help countries in a comprehensive and coordinated strategic planning of EIPs.

“Eco-industrial parks better integrate industries in the cities through the creation of shared economic opportunities, improved ecosystems and innovative avenues for responsible businesses. EIPs help to achieve the triple bottom-line benefits: economic, environment and social”, says Smail Alhilali, Industrial Development Officer at UNIDO.

In China, one of the most successful EIPs, the Shenyang Development Area (SDA), established a circu­lar economy promotion fund (with a total val­ue of US$4.8m) to support key industrial symbiosis projects. The bulk of investment is being dedicated to support­ing public infrastructure at SDA for water pipe­lines, a natural gas pipeline and heat pumps. This led to increased competitiveness of compa­nies, reduced resource costs, lessened dependence on coal, and increased sales due to “green” and niche marketing.

Modern eco-industrial parks drastically reduce negative environmental impacts caused by industrial operations through environ­mental management and pollution prevention systems. For example, in 2010, Vietnam Singapore Indus­trial Park I (VSIP I) was given the Award for Green Tech­nology by the Vietnam Environmental Protection As­sociation for its contribution to environmental con­servation. A number of companies in the VSIP I, such as Procter & Gamble Indochi­na, Uchiyama, Yakult, Esquel Garment, MHE Demag Vietnam, Takako and Estec, have ISO 14001 certification. As a result, these compa­nies are continuously seeking to improve their envi­ronmental and social performance through cleaner production and resource efficiency solutions.

Source: unido.org

EnBW Hohe See 500 MW Offshore Wind Farm To Proceed With Siemens & Enbridge

Photo: Pixabay
Photo-illustration: Pixabay

The 497 megawatt EnBW Hohe See offshore wind farm off the coast of Germany is set to proceed following Canadian energy infrastructure company Enbridge’s decision to invest in the project, and German engineering company Siemens committing for the first time to provide complete construction work.

German public utility company EnBW made a final construction and investment decision back at the end of 2016, and appointed Siemens to provide not just the wind turbines, but full construction work, including providing the foundations. This week, the project received its last green light, with Canadian energy infrastructure company Enbridge acquiring 49.9% of the shares in the Hohe See project.

The EnBW Hohe See offshore wind project is set to be constructed in the “exclusive economic zone” in the North Sea, off the coast of Germany. It will cover an area of approximately 42 square kilometers, and upon completion will have a total capacity of 497 megawatts (MW) thanks to 71 Siemens 7 MW wind turbines. The project is estimated to be able to provide electricity for around 560,000 average households.

“With Enbridge at our side, we can realise our largest offshore wind farm to date and at the same time generate financial scope through this participation for the development of new projects,” said EnBW CEO Frank Mastiaux. “This is now the third successful participation model with which we are sharing the risk and represents another major step in the implementation of our EnBW 2020 strategy.”

“With an investment volume of around 1.8 billion euro, we have not only taken one of the largest investment decisions in the history of our company but despite the currently difficult economic conditions, we are continuing to rigorously invest in the implementation of our strategy and through EnBW Hohe See we are developing another cornerstone for safeguarding the future of EnBW. Following its commissioning in 2019, the wind farm will make a substantial contribution to our Group operating result.”

Siemens will begin manufacturing the 71 SWT-7.0-154 wind turbines from its new nacelle plant in Cuxhaven beginning in the middle 2018, with delivery expected for early 2019. Siemens will also provide the large monopile foundations, measuring up to 80 meters and with a weight of 1,500 tonnes.

“We are happy to apply our full scope of engineering services at EnBW Hohe See offshore wind project,” said Michael Hannibal, Offshore CEO at Siemens Wind Power. “The extended scope makes this 497-megawatt wind power plant one of the largest projects that we have ever executed. Our customer thereby benefits from the proven experience of a multinational company along the entire value chain of large offshore wind projects.”

Source: cleantechnica.com

Arena to Give EnergyAustralia Grant to Investigate Pumped Hydro Storage Project

Photo: Pixabay
Photo: Pixabay

The Australian Renewable Energy Agency (Arena) has approved a $450,000 grant to EnergyAustralia to investigate a pumped hydro energy storage project off South Australia as the state’s energy mix continues to cause a political storm.

The grant will cover a feasibility study into a Spencer Gulf project that the company says has a capacity to produce about 100 megawatts (MW) of electricity with six-to-eight hours of storage.

EnergyAustralia says the storage is the equivalent of installing 60,000 home battery storage systems at one third of the cost.

In a statement, Turnbull described pumped hydro energy storage as a “mature and cost-effective storage technology” that could address the need for security and stability in the electricity grid.

As federal cabinet met in Sydney on Tuesday, EnergyAustralia’s managing director, Catherine Tanna, briefed the cabinet’s energy committee on the project and other options to stabilise the system.

The decision comes after Turnbull wrote to Arena and the Clean Energy Finance Corporation to direct the two agencies to prioritise pumped hydro and storage before his first major speech this year.

It follows a $54m grant from the Clean Energy Finance Corporation last week for a solar development at Genex Power’s Kidston renewable energy hub, 270km north-west of Townsville.

Energy policy continues to provide the flashpoint for federal politics, as South Australia suffers from blackouts. The Coalition has used the blackouts to blame the state Labor governments renewable energy targets and the intermittent nature of wind power.

On Monday, a Senate committee heard that SA Power Networks knew a software glitch caused an additional 60,000 houses in South Australia to be out of power during load shedding this month. However, the state’s network operator stayed quiet for a week and a half while the Turnbull government continued to criticise the South Australian government’s use of renewables.

Labor’s shadow energy and environment spokesman, Mark Butler, said the good work being done by Arena was a result of Labor’s legacy, given the Coalition had tried and failed to abolish it and the Clean Energy Finance Corporation.

“Only a few months ago the government again tried to abolish Arena,” Butler said. “They have no plan. The good work being done is thanks to Labor’s legacy and is happening in spite of, not because of, the government. The industry will continue to take advantage of the latest technologies, like storage, pumped hydro and community renewables.”

Pumped hydro storage works by pumping from a lower reservoir into a higher reservoir when energy is cheap and then dropping the water downhill through a turbine to create electricity when energy is expensive and in high demand.

EnergyAustralia confirmed that, if the Spencer Gulf project goes ahead, a two-year construction would see the power provided to the grid by 2020/21.

The project has developed from an assessment by the Melbourne Energy Institute and engineering and design firm Arup into the adoption of pumped hydro technology using seawater for Australia’s dry conditions. If it goes ahead, it would be the largest seawater pumped hydro project in the world. There is currently only one other plant using seawater for pumped hydro storage.

Source: theguardian.com

Argentina in the G20 Troika: the Boost to Sustainable Financing

The Ministry of Treasury recently hosted the UN Environment Mission as part of the country’s commitment to boosting sustainable financing.

In its first steps as part of the G20 troika,  a set of three countries working to ensure the continuity of the G20 agenda. The Chief of Cabinet of the Ministry of Treasury Ariel Sigal expressed the country’s commitment to the G20 and in this context received today UN Environment, which with its vision will contribute to the development and sustainable financing challenges of Argentina.

Subsequently, the Ministry of Finance held a public event headed by Simon Zadek, co-director of the UN Environment Inquiry, where the design of a sustainable financial system was discussed.

The UN Environment delegation – Simon Zadek, senior advisor Mark Halle, members of the Inquiry team and representatives of UN Environment’s Finance Initiative – arrived in Buenos Aires last Monday with the aim of launching the development of a strategic roadmap on sustainable finance in Argentina, and therefore contributing with the country to the study and analysis of the sector.

Zadek also presented the report “The Financial System We Need: From Momentum to Transformation”, launched at the International Monetary Fund/World Bank annual meetings last October. The report discusses the effectiveness of the financial system in mobilizing capital towards a green and inclusive economy, as presented in the sustainable development goals (SDGs) and the Paris Agreement on climate change.

“A sustainable financial system is essential for Argentina to achieve its development priorities and, in turn, consolidates international cooperation in this area” explained Zadek.

The strategic plan presented today by Zadek shows the commitment of UN Environment to continue working to identify measures and policies that promote the development of a green and inclusive economy. For its part, Argentina will continue to advance in the study and analysis of these high-priority topics, such as sustainable financing, which are discussed in international fora, and the desire to draw on global experiences that make a positive contribution to the local economic policy decisions.

Troika

The troika is formed each year by the country that holds the presidency of the G20, together with its immediate predecessor and successor. In 2017, it is made up of China, Germany and Argentina.

Source: unep.org

Nord Stream 2 to Play Crucial Role in EU’s Energy Security

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Rainer Seele, Chairman of the Executive Board of OMV, took place in St. Petersburg yesterday.

The meeting addressed Russian gas supplies to Austria. In 2016, Gazprom exported 6.1 billion cubic meters of gas to Austria, which was 37.9 per cent higher than in 2015. The upward trend in gas demand continues in early 2017, as gas deliveries added 109.8 per cent in January and the first half of February 2017 compared to the same period of 2016.

Particular attention was paid to the Nord Stream 2 project. The parties noted that the gas pipeline would ensure reliable supplies of Russian gas to the European market, playing a crucial role in the European Union’s energy security.

The meeting also touched upon the issues related to the asset swap between Gazprom and OMV.

Source: gazprom.com