Category Archives: Carbon Capture and Storage

Climate costs set to rise, technology can help – U.N. (EcoSeed)

Costs of combating global warming will rise inexorably if the world fails to cap greenhouse gases by 2015, but new technologies can curb the price, the head of the United Nations climate panel said on Monday.

Rajendra Pachauri also told Reuters he felt “reasonably optimistic” that a U.N. climate meeting in Mexico from November 29 to December 10 would make at least modest progress toward curbing climate change.

A scenario by his panel in 2007 said world emissions would have to peak by 2015 to get on track to limit temperature rises to 2oC (3.6oF) above pre-industrial times, widely seen as a threshold for “dangerous” climate change.

“If you deviate from that (2015 goal) and delay the peaking of global emissions you are moving onto a more expensive trajectory,” he said on the sidelines of a conference in Norway about zero emissions.

“You are not giving up the possibility but you are going to have to pay a higher price,” said Mr. Pachauri.

Earlier on Monday, a study showed emissions of planet-warming carbon dioxide are on track to hit a record in 2010, driven largely by booming economies in China and India and their reliance on coal.

But Mr. Pachauri also said technological breakthroughs could mute the costs of a strong assault on global warming, projected by the panel to cost about 0.12 percent of world gross domestic product a year until 2030.

“It is entirely possible … that the benefits might outweigh the costs,” he said of efforts to avert more floods, droughts, heat waves and rising sea levels. “And the decline in costs might be far more rapid than expected.”

Phone breakthroughs

Telephone bills, for instance, had plunged in recent years because of unexpectedly cheap new technologies. A shift from fossil fuels means less air pollution and smaller health bills.

He said there were big uncertainties in any cost forecasts. “I don’t think one can make predictions that one treats as the words of The Bible in looking at the future,” he said.

For more – click HERE to go to EcoSeed.org

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2010 May See Record Greenhouse Gas Emissions

The world’s discharge of carbon dioxide, a major contributor to global warming, could reach record highs this year, according to a new study.

The culprit: a recovering economy, the researchers say.

Scientists from the University of Exeter in the United Kingdom, along with the University of East Anglia, also in the U.K., and other institutions, found that despite the financial crisis last year, globalcarbon dioxide emissions from the burning of fossil fuels in 2009 were just 1.3 percent below the record 2008 figures. That’s less than half the drop predicted last year.

The team found that while the global financial crisis severely affected western economies, leading to large reductions in carbon dioxide emissions, emerging economies fared much better, and their greenhouse gas emissions rose in lockstep.

For example, United Kingdom emissions were 8.6 percent lower in 2009 than in 2008, with similar decreases in the United States (6.9 percent), Japan (11.8 percent), Germany (7 percent), Russia (8.4 percent) and most other industrialized nations. But China showed an 8-percent increase in carbon dioxide emissions, while India’s emissions increased 6.2 percent in 2009, and South Korea’s went up 1.4 percent.

Last year, the scientists had projected a 2.8-percent reduction in carbon dioxide emissions, basing their calculation on a forecast from the International Monetary Fund for GDP. They also assumed the fossil fuel emissions per unit of GDP would continue to improve.

The projection was wrong for two reasons, the scientists report online Nov. 21 in the journal Nature Geoscience: First the decrease in GDP was lower than forecast in October 2009. Second, the amount of carbon released per GDP didn’t improve as much as expected, due to an increased share of the emissions coming from emerging economies with a relatively high carbon intensity and increasing reliance on coal, according to lead author Pierre Friedlingstein, of the college of engineering, mathematics, and physical sciences at the University of Exeter.

Friedlingstein’s team projects that if economic growth proceeds as expected, global fossil fuel emissions will increase by more than 3 percent in 2010, approaching the high emissions growth rates observed through 2000 to 2008.

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Europe to channel unspent $200 million fund to clean energy (EcoSeed)

The European Union’s energy recovery fund policy may be amended before yearend as lawmakers voted in favor of releasing 146 million euros ($200 million) to fund energy greening efforts.

While European lawmakers adopted the amended legislation through 582 votes against 27, the European Council is yet to formally approve the changes.

The European Union launched the European Energy Recovery Plan in 2009 to boost economic recovery by funding energy projects. The latter includes cross-border gas and electricity interconnectors, offshore wind parks and carbon capture and storage projects. In 2010 a total of 3.98 billion euros was earmarked for such plans.

Parliament sought to include energy efficiency and renewable energy in the E.E.R.P. when it was first proposed. The European Commission had promised to consider this at a later stage, using funds unspent by the end of 2010.

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Renewable energy backers find E.U.’s Energy 2020 plan weak

European Union lawmakers and renewables sector representatives criticized the European Commissions’ newly released Energy 2020 communication, saying it lacks cutting edge commitments and does not provide a solid platform for renewables until mid-2011.

An outline of their demands for the commission’s energy vision, which spells out plans towards as late as 2050, is expected in the following months.

Their response will mostly be on the commission’s decision to shift to low-carbon technologies instead of total renewables.

“Particularly disappointing is the absence of any pledge in the Communication to step up the share of renewable energy,” said Linda McAvan, chairperson of the European Parliament socialist group’s environment and climate change network.

She cited studies showing that Europe could reach the target of 100 percent renewable energy by 2050, if only the right measures are put in place.

“The use of fossil fuel causes environmental and health costs. This must be reflected in their prices. Renewable energy prices must be brought down by smart regulations, such as feed-in tariffs and additional subsidies,” Ms. McAvan argued.

Party of European Socialists president Poul NyrupRasmussen said the communication “[failed] to make real progress on the main challenges,” which he identified as reducing energy use, increasing the supply of renewable energy and upgrading energy grids.

“Instead of addressing the needs of energy consumers, such as rising energy prices, the commission mainly prioritizes the interests of energy companies. This is a charter for traditional energy use,” Mr. Rasmussen said.

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New energy: climate change and sustainability shape a new era

A new energy revolution – similar to shifts from wood to coal to oil – is inevitable as climate change and oil scarcity drive a global search for sustainability in power production. But even the promise of renewable energy holds drawbacks.

“Tonight I want to have an unpleasant talk with you,” a somber President Jimmy Carter said gravely into a television camera on an April night in 1977.

A series of oil embargoes and OPEC price hikes had hit the nation hard. Gasoline prices had tripled. Auto-dependent Americans had sometimes waited hours in line to buy the gasoline needed to get to work. The president, in an iconic fireside chat – in a beige cardigan – two months earlier had congenially urged Americans to turn thermostats down to 65 degrees F. by day, 55 by night.

But on this night, he ratcheted up his tone: Warning of an imminent “national catastrophe” and scolding Americans for selfish wastefulness, the president declared it time for Americans to curb consumption of oil, which he said had doubled in the 1950s and again in the ’60s – time to end their dependence on imports.

“This difficult effort will be the moral equivalent of war,” he said.

Mr. Carter created the Department of Energy. He called for energy conservation and increased production of coal and solar power. He installed solar panels on the White House.

But his vision – to push America and the world into a new energy era as significant as the shift from wood to coal that fueled the Industrial Revolution – never materialized.

Gasoline prices plummeted in the 1980s, removing the incentive to end oil imports. Driving returned to precrisis levels. Carter’s successor, Ronald Reagan, withdrew funding for renewable energies. And the White House solar panels were torn down.

While experts in the late 1970s believed that America would derive 30 to 50 percent of its power from renewable sources by 2005, it didn’t happen. Renewables, other than hydroelectric, now make up about 4 percent of the energy that Americans consume.

As Americans come to grips with current energy problems – this time with climate change as the looming threat – it’s also a good time for perspective. Over the past 200 years, the world has seen about a dozen major transitions in how it obtains or uses energy. Looking back at those transitions provides some surprising hints about how the next 50 years will unfold. Our energy future will look very different from what most people imagine.

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New Zealand sitting on renewables gold mine (EcoSeed)

New Zealand is becoming a prime location for significant investments in renewable energy, analyst say, because of its vast resources and a few policy improvements. “New Zealand is blessed with abundant renewable options of world class resource – high and consistent wind speeds, very hot geothermal fields, good water resources, good wave potential,” said Peter Apperley, corporate ventures manager at Meridian Energy Limited, the largest state-owned electricity generator in the country.

At 70 percent renewable energy generation, which includes large hydro and geothermal, New Zealand is currently considered one of the most sustainable in terms of electricity generation. Wind, geothermal and hydropower compose majority of the country’s renewable energy industry, competing directly with gas and coal power. Hydropower accounts for most capacity.

Nearly 24 gigawatt-hours of hydropower electricity was generated in 2009, approximately 57 percent of the country’s annual total electricity generation. The country’s Waitaki hydropower plant alone generates 7,600 GWh of electricity annually, supplying 18 percent of total power.

Located on the geothermal-rich borders of the Pacific and the Indo-Australian Plate, New Zealand sources most of itsgeothermal power from within the Taupo Volcanic Zone, a geothermal field in the North Island.

In 2009, the country’s installed geothermal capacity of 627 MW provided nearly 11 percent of the country’s power supply.

http://www.ecoseed.org/en/business/renewable-energy/article/95-renewable-energy/8324-new-zealand-sitting-on-renewables-gold-mine-analysts-say

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E.U. spending in renewables R&D goes up but global picture gloomy (EcoSeed)

Research and development investment in Europe’s renewable energy sector in 2009 grew from the previous year even though the budget for research fell overall in the region, according to recent poll from theEuropean Commission.

Fifteen companies from all over the world invested purely in clean energy research in 2009, shows the European Union Industrial Research and Development Investment Scoreboard. Nine of these companies are new to the list while 13 are from the E.U.

These 13 companies invested more than 500 million euros ($695 million) in clean energy R&D last year, an increase of 28.7 percent from 2008 despite a 2.6 percent fall in total research and development investment by top companies from the region.

Lower R&D allocations also come as sales and profits fell by 10.1 percent and 21.0 percent respectively.

http://www.ecoseed.org/en/business/renewable-energy/article/95-renewable-energy/8313-e-u-spending-in-renewables-r-d-goes-up-but-global-picture-gloomy

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U.S. grid needs $ 100 billion for renewable energy capability (EcoSeed)

The Brattle Group estimated that up to $100 billion in transmission investments is necessary to infuse renewable energy into the existing power grid in the United States. Johannes Pfeifenberger, principal and utility practice leader at the consulting firm, revealed these findings during the EUCI Transmission Cost Allocation conference held this week in Chicago.

Mr. Pfeifenberger said that the technology currently composing the country’s electricity grid will not be enough to support state renewable portfolio targets. As of August 2010, there are 30 states that uphold a renewable portfolio standard. For example, California has set an ambitious 33 percent renewable energy target by 2020, while New York aims to source 30 percent of its total electric consumption from renewable sources by 2015.

Even government-owned utilities also established renewable energy goals. The Tennessee Valley Authority seeks to source 50 percent of its power generation from renewable energy by 2020. Wind and solar power are the most popular sources for renewable energy generation. For instance, Illinois hopes to meet 75 percent of its target through wind energygeneration, while Memphis intends to establish 8 gigawatts of wind capacity by 2030.

http://ecoseed.org/en/business-article-list/article/1-business/8218-u-s-grid-needs-$-100-billion-for-renewable-energy-capability

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