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  reprint (by W. Scharnhorst ) Divestment of stocks in fossil fuel companies may seem like a good idea if the goal is to put financial pressure on conventional energy companies and thereby leave an opening for cleaner alternative fuels in the fight against climate change. The question is whether the strategy works. Certainly any company, whose core business is making money, is likely to take notice of any activity that affects its revenues. Yet many argue that a drop in investment in an energy company may not be the best way to get its attention, especially at a time when alternative energies are scarce and fossil fuels remain the dominant source of power . In other words, how many people today can afford to junk their gasoline-powered cars and invest in more expensive electric models? That’s exactly the point made by London Mayor Boris Johnson, a member of Britain’s Conservative Party who also harbors libertarian, if not liberal, political views. The Lond...

  reprint (by W. Scharnhorst ) Hydraulic fracturing, or fracking , is shunned by the environmentalists that laud renewable energy sources. However, by not supporting both initiatives, they may be working at cross purposes. Natural gas, booming largely because of fracking, complements renewable energies on the grid . The two seemingly opposite technologies are, for the moment, inextricably linked. Renewable energies like solar and wind produce most of their output at times of the day when not that many people need it. Peak demand for electricity is usually in the morning and evening. Solar production is highest during the middle of the day and afternoon, and wind reaches its highest production at night. Because there is no large-scale economical way to store that energy and reconcile the misaligned supply and demand, most of our peak demand must still rely on non-renewable fuel sources. _progress | M replaces _kt75 | mirror. visit: http://progress-m.blogspot.com . ...

  reprint Russia possesses the potential to produce significant gas from its Eastern Regions, with total proved reserves  in  East  Siberia  and  the  Far  East  of  Russia  standing  at  5  trillion  cubic  metres  (Tcm)  while prospective  resources  could  be  as  large  as  65Tcm. This  would  appear  to  give  Russia  a  huge opportunity for export sales into the Asia Pacific region , which contains the world’s largest LNG importing  nations  and  two  of  the  world’s  fastest  growing  gas  markets   in  China  and  India   (also importers  of  LNG). It  is  surprising,  therefore,  that  despite  the  obvious  commercial  logic  of  linking enormous gas resources to expandin...

  reprint Japan anticipates that by 2030 clean energy such as solar and hydro will generate slightly more of the nation’s electricity than nuclear power plants . _progress | M replaces _kt75 | mirror. visit: http://progress-m.blogspot.com . ready: 01.07.2015. close ✕ Clean energy sources will supply as much as 24 percent of Japan’s electricity in 15 years, while atomic power will account for as much as 22 percent, according to a draft report from the Ministry of Economy, Trade and Industry on what Japan’s electricity mix should look like by 2030. Though the eagerly-awaited report — the result of months of study by a ministry panel debating the electricity mix — continues to see a need for nuclear , the draft proposes a diminished role compared with before the Fukushima disaster of March 2011. Nuclear power accounted for more than a quarter of Japan’s electricity generation before the meltdowns at the Fukushima Dai-Ichi reactors. Even the 22 percent level is do...

reprint Investors who have dumped holdings in fossil fuel companies have outperformed those that remain invested in coal, oil and gas over the past five years according to analysis by the world’s leading stock market index company, MSCI, which runs global indices used by more than 6,000 pension and hedge funds, found that investors who divested from fossil fuel companies would have earned an average return of 13% a year since 2010, compared to the 11.8%-a-year return earned by conventional investors. _progress | M replaces _kt75 | mirror. visit: http://progress-m.blogspot.com . ready: 01.07.2015. close ✕ The figures indicate that if a major charitable institution or foundation with £100m in funds had divested from fossil fuels in November 2010 they would be around £7m better off today than if they had maintained their holdings in coal, oil and gas companies. In total, a portfolio of shares with fossil fuel companies included has grown in value by 62.2% since 2010,...

reprint The solar energy industry may prove to be a dark horse in the race to provide global energy security. The world has renewed its interest in solar energy investment as it searches for a cleaner and more sustainable alternative to conventional fossil fuels. Countries like China , Germany, the UK, the US, Japan and Canada have already made significant investments in solar power . Who are the other players who are investing big in solar energy? With its own set of limitations such as high installation costs and high plug-in time, are consumers across the world ready to choose solar energy to power their daily lives? Or, are the conventional energy sources still the best bet? The best part about solar energy is that it is abundant and freely available, at least in most parts of the world. However, the high upfront costs of a photo voltaic panel remain a concern for many. Things are changing fast, however, and according to data from SEIA, the cost of an average PV system i...

reprint UPDATE -- The debate about the future use of coal to generate power gathered steam in Germany after the country recently saw greenhouse gas emissions rise. The government’s Climate Action Programme foresees additional emission cuts from the power sector and the federal grid planning agency now assumes there will be one third less coal in the power mix in the future. By summer 2015, the Ministry for Energy wants to present legislation that specifies how and when coal power generation has to be limited. Power generation from coal has long served German industry, and despite Germany’s reputation as an ecological role model, the cheap, carbon-intensive, fossil fuel has recently seen a revival. After many scientists, activists and politicians, including the Environment Minister, warned that Germany would miss its target of cutting CO2 by 40 percent by 2020 (over 1990), the government adopted a plan to cut the share of coal in the mix . The Climate Action Pr...

_NEW: follow the development of the new web-presence wolframscharnhorst.blogspot.com ▶ TOP NEWS : Alpiq starts new business: Dismantling of Nuclear Power PLants. reprint Existing nuclear power plants are extremely valuable societal assets. Shutting them down in the absence of compelling economic or technical reasons is folly. It sometimes feels like this statement is so obvious that it shouldn’t need to be made and yet you don’t have to look far to see governments which appear not to care. subscription : rss-reader index : all reprints here In Europe, Germany and Belgium have implemented arbitrary caps on reactor lifespans as part of their phase-out policies. Green party pressure in Sweden may yet result in tax hikes which make the ongoing operation of nuclear plants there next to impossible. In Spain the Garoña plant closed due to the impact of a new tax law (the government is now in fact seeking to resurrect the plant...

_NEW: follow the development of the new web-presence wolframscharnhorst.blogspot.com reprint Energy is used to heat and to cool buildings and homes, transport goods, and power the economy. But with ageing infrastructure, poorly integrated markets, and uncoordinated policies, our consumers, households and businesses do not benefit from increased choice or from lower energy prices. It is time to complete the single energy market in Europe . _progress | M replaces _kt75 | mirror. visit: http://progress-m.blogspot.com . ready: 01.07.2015. close ✕ Delivering on this top priority set out in President Juncker's political guidelines, today the European Commission sets out its strategy to achieve a resilient Energy Union with a forward-looking climate change policy. The Energy Union means in particular: Solidarity clause : reducing the dependence on single suppliers and fully relying on their neighbours, especially when confronted with energy supply disru...

_NEW: follow the development of the new web-presence wolframscharnhorst.blogspot.com reprint East–West nuclear rivalry is back. The Ukraine crisis threatens the nuclear governance . Demand for nuclear energy is growing again after the 2011 Fukushima disaster. A 2014 report by Bloomberg New Energy Finance forecasts a 69 per cent expansion in nuclear capacity worldwide from 345GW in 2012 to 583GW by 2030. Furthermore, the International Energy Agency counts that more than three-quarters of nuclear reactors under construction are in non-OECD (Organisation for Economic Co-operation and Development) countries. China’s domestic appetite for energy accounts for much of this increase, with four to six reactors expected to be built every year for the next five years. Civil nuclear facilities in China incorporate technology from a variety of western suppliers, but Beijing has aggressively negotiated for intellectual property to be shared during the acqui...

_NEW: follow the development of the new web-presence wolframscharnhorst.blogspot.com reprint Global demand for energy is expected to rise by 37% from 2013 to 2035, or by an average of 1.4%/year, due in large part to ongoing economic expansion in Asia, particularly in China and India, according to the latest BP Energy Outlook 2035. Demand for oil is projected to increase 0.8%/year to 2035, coming entirely from countries outside of the Organization for Economic Cooperation and Development. Oil consumption within OECD peaked in 2005 and by 2035 is expected to have fallen to levels not seen since 1986. China by 2035 is likely to have overtaken the US as the world’s largest single consumer of oil. The recent worldwide rise in oil supply stemming in large part from strong growth in tight-oil production in the US , meanwhile, is likely to take several years to work through, BP indicates in its outlook. Tight-oil production in 2014 drove overall US oil output higher...