News

Westward Group Alternative Energy Tokyo, Asia, Paris Strategic Analysis – Energy sector faces issues regarding climate change and energy consumption

Executive Director of the Joint Institute for Strategic Energy Analysis, Douglas Arent, talks about the result of the imminent climate change and the challenges and opportunities the energy sector faces regarding the matter, in a lecture held in the Peter O’Donnell building as reported by Westward Group Alternative Energy blog.

Arent stated that the energy sector must decrease the amount of energy required to power a domestic economy and minimize its carbon footprint in order to help the United States overcome the results of climate change. Furthermore, he also noted that in order to reach the world’s demand for energy, carbon productivity must increase three times as quickly as labor productivity did during the Industrial Revolution.

According to the research of Arent’s team, which was requested by the Department of Energy, the United States could possibly meet the amount of its 2050 estimated electricity demand by using renewable energy.

As a result, renewable energy will represent anywhere from 30 to 90 percent of energy consumption. Arent also discussed that due to the desire of older people to create a sustainable earth for younger generations, they tend to invest more in clean and renewable sources of energy because they care for their children and grandchildren.

Trong Nguyen, a finance sophomore claims that in order to support the world’s energy demand in the future, the carbon productivity levels should increase. He also stated that he wouldn’t be surprised if future technological breakthrough allows society to quickly reach the carbon productivity levels that could meet the world’s demand for energy.

Jonathan Tran, a public health freshman said that experts should be devoted to increase their research to find more possible sources of renewable energy, because he believes that using an increasing amount of renewable sources of energy will support the society to deal with both the persistent problem of energy sources and limiting nonrenewable energy’s damaging impact on earth.

Energy investments are increasingly distributed to clean and sustainable energy due to the fact that decarbonizing initiative is gaining more traction. Bloomberg Energy Finance projected that for the next twenty years there will be a constant and relatively significant increase in investment in clean energy technologies and also a decrease in fossil fuel investment worldwide.

Westward Group Alternatives: UN climate talks in Paris

Representatives from around 190 nations have started the latest phase of negotiations in Geneva a couple of weeks ago to discuss climate change concerns.

The international agreement which covers over 100 concerns was contained in a 37-page draft that still needs to be prepared for negotiations in May and June, then ratification by the end of the year.

Pressure to get a final decision on the climate accord is mounting as both the global sea and land surface temperatures have reached record levels last year. All the leading countries have to declare emission targets by March so it’s no surprise that the EU is reportedly exerting pressure to get pledges from its members.

At the start of the conference, EU has already recognized that the target countries might not be able to contain the rise of global temperature below the ideal threshold of 2°C. (That critical 2 degrees is the threshold that Intergovernmental Panel on Climate Change thinks is a tipping point on a major climate change.)

According to Westward Group Alternatives, the draft highlights the divide between developing countries and their wealthier counterparts. So another concern is directed to the developing nations: should they also be required to make a carbon-reduction pledge? Also, there’s the question of whether developed nations ought to compensate them for losses related to climate change.

During a UN press interview, the European Union negotiator said, “We are concerned the targets set in Paris may fall short of what is required by science, that it will not be exactly what is required to remain within the 2 degrees.”

The US itself has committed to decreasing their emissions by 27% in the next 10 years along with creating another more ambitious international climate change accord. Westward Group Alternatives has previously reported that the US considers climate change as a risk to national security, so much so that it considers postponing the reductions could turn out to be more expensive in the long run.

Westward Group Alternative Energy Tokyo: Climate Change On Japan Agenda

TOKYO, Japan – Climate change and disaster risk reduction will take centre stage during the ministerial-level talks between Japan and CARICOM member states this week.

The country is hosting delegations representing the 14 Caribbean Community (CARICOM) member states this week in a bid to strengthen partnership on international issues ahead of critical United Nations’ meetings next year.

Maki Kobayashi, director of the Caribbean Division within Japan’s Ministry of Foreign Affairs, explained the Caribbean bloc had substantial influence as active members in the international arena, and increased solidarity on foreign policy issues that impacted Small Island Developing States (SIDS).

Officials will also seek to establish cooperation on international issues of disarmament and non-proliferation, development, United Nations reform – particularly Security Council reform – and the post-2015 Development Agenda.

“We would like to advance rapidly and profoundly the relationship that we have with Caribbean countries, to cooperation in terms of economic development in order to ensure sustainable development of CARICOM, because Caribbean countries are vulnerable particularly as Small Island Developing States and as Japan also has small islands within our territory we have experiences and challenges that we share with the Caribbean community,” Ms Kobayashi said.

“We put a lot of importance to work together to overcome vulnerabilities and increase resistance to natural disasters. We both are energy importing countries so we would like to find ways to overcome issues of how to mix with renewable energy and fossil fuel energy, what we can do to work together in order to cope with climate change but at the same time mitigate the effects of climate change which are natural disaster and energy issues.”

Both Japan and CARICOM member states share common perspectives on a number of issues as democratic nations with similar geographical characteristics, Ms Kobayashi added.

The first consultation meeting to establish the Japan-CARICOM relationship was held in Jamaica in 1993, and this year was commemorated as “Japan-CARICOM Friendship Year.”

The fourth ministerial-level conference will take place on Saturday, and will follow up on policy outlined at the Japan-CARICOM Summit held in Trinidad and Tobago in July. The country also hopes to deepen mutual trust through bilateral meetings with individual member states.

Seven foreign ministers, and one trade minister, will attend the meetings, with the remaining seven member states to be represented by designated officials.

Picewell Forbes, High Commissioner to CARICOM, will lead the Bahamas delegation.

Westward group alternatives: Alternative Energy: Investing Essentials

Alternative energy is currently one of the fastest growing areas in energy. There are also a variety of factors driving the industry’s pursuit of alternatives to traditional oil, natural gas, coal, and nuclear energy. Climate change in impacting how we look at fossil fuels, and Inexpensive oil is becoming more and more scarce, but the biggest driver may be the economics of alternatives to fossil fuels.

Over the next decade, it’s improving costs that will drive the adoption of wind, solar, electric vehicles, and biofuels. That opens up a world of potential for investors.

What is the alternative energy industry?

Alternative energy consists of energy sources that are different from traditional energy sources like oil, natural gas, nuclear, and coal energy. They may be renewable and they may be clean but those aren’t requirements to be an alternative.

On the electricity generating side of energy, alternative energy is dominated by hydro, wind, and solar energy. Hydroelectric energy has long been a contributor to the electric grid but wind and solar energy are growing in popularity as costs fall and concern about climate change increases. These are the two major growth markets in electricity generation in alternative energy.

Alternative energy is also of growing interest as an alternative to gasoline or diesel to fuel our vehicles. In recent years, electric cars have been produced in growing numbers as have natural gas trucks and even hydrogen vehicles. While these aren’t a large part of the current energy industry, they do have long-term potential to replace oil as a primary fuel energy. But today, the energy industry is still dominated by fossil fuels.

How big is the alternative energy industry?

According to the U.S. Energy Information Administration, 9.3 trillion BTUs of alternative energy from hydroelectric, geothermal, solar, wind, and biofuels were consumed in 2013. The largest contributors were hydroelectric power (2.56 trillion BTUs), followed by wood energy (2.1 trillion BTUs), and biofuels (2.0 trillion BTUs). Wind and solar energy are the fastest growing among the renewable group.

While these are big figures in energy, they pale in comparison to the energy industry as a whole. Alternative energy accounts for just 11.4% of all energy consumed in the U.S. last year, so the upside for alternative energy is very large.

How does alternative energy work?

Alternative energy is sold into two primary markets: electricity and fuel. In the electric market, sources like wind, solar, and hydroelectric energy are sold to utilities through power purchase agreements or sometimes through the spot electricity market. Occasionally, utilities will own these generating assets themselves.

In the fuel market, alternative energy is often mandated by the government but is increasingly becoming a choice for consumers. For example, an ethanol mix into gasoline is mandated by the government, creating demand for the alternative energy. Tax breaks are also given to hydrogen and electric vehicles and both are growing in availability and popularity, opening up a new market for energy companies. In fuel, natural gas is also considered an alternative energy because it is competing with oil and provides a cleaner and cheaper alternative.

The EIA says that in 2011 (the most recent data available) the consumption of alternative transportation fuels increased 13% as more ethanol and natural gas were consumed by consumers.

Expect electricity and hydrogen to be a larger piece of the pie above in the future as the technology improves and costs come down.

What are the drivers of alternative energy?

There are two main drivers of alternative energy: cost and government mandates.

Falling costs for wind, solar, biofuels, and other alternatives to traditional energy sources will keep driving adoption further. To give an example of this progress, according to GTM Research the cost to install a utility scale solar-power system fell 61% from the first quarter of 2010 to the second quarter of 2014. These kinds of cost reductions will drive demand long-term, and are making alternative energy more economically attractive than fossil fuels.

Government mandates will also drive demand for products like ethanol and other biofuels. Incentives like tax breaks and renewable energy standards also drive demand for alternative energy, although these incentives are declining around the world as the cost of alternative energy falls.

For investors, it’s important to understand the dynamics between cost and government mandates or incentives. Government incentives can come and go quickly, leading to an unsustainable market for some alternative energy sources. Investors should focus on energy sources that are becoming economically viable without these incentives because in the long-term, that’s what will make alternative energy a winn

More related article here: Westward Group Alternatives

Westward Group Alternatives Red ginseng-based ‘vitality drink’ is a tasty alternative to ‘energy drinks’

GR22RQPKR.3For millennia, ginseng has been used as an herbal “remedy” believed to rejuvenate the body and mind, alleviate fatigue and stimulate cognition.

Sacramento entrepreneur Paul Vonasek and his partners are touting their Root 9 ginseng-based “vitality drink” for its “wide range of benefits,” which they say include boosting energy, metabolism, memory and libido.

The product contains “the highest grade of Korean red ginseng,” which is produced in a specific area of South Korea and is aged for six years before going to market.

The zero-calorie, sugar-free drink is lightly carbonated and has an intriguing flavor, akin to a mild strawberry-like taste with a slightly bitter aftertaste. It’s a pleasant alternative to caffeine-heavy energy drinks and cloyingly sweet soda.

“We’re developing a mango-flavored (version) that should be ready in two months,” Vonasek said.

Root 9 is sold in about 900 locations throughout California and parts of Nevada, including Nugget Markets, convenience stores and gas stations. It’s $3 for a 12-ounce can, or two for $5.

Westward Group Energy Alternatives is an autonomous service for patrons who want to save cash on their gas and energy bills. Here are several major pieces of information about our service.

Established in 2012, Westward Group Energy Alternatives provides wide-ranging and objective guidance on home energy services.

Westward Group Renewable Energy News: Leading economies to global clean

Leading economies call for accelerating transition to global clean energy economy

SEOUL, May 13 (Yonhap) — Policymakers from the world’s leading economies that account for roughly 70 percent of all energy consumption on Tuesday called for accelerating the transition to a global clean energy economy that can help deal with climate change and energy security issues.

In a press conference held at the conclusion of the three-day 5th Clean Energy Ministerial (CEM) meeting in Seoul, Yoon Sang-jick, South Korea’s minister of trade, industry and energy, said clean energy development depends of three key pillars based on finding good technology, investment and market creation.

Yoon, who hosted the gathering, said for such pillars to contribute to clean energy use, trust building among interested parties is essential.

“By building trust, market actors can reduce risks associated with developing new technologies,” he said.

The minister also noted that participants of the latest CEM meeting agreed to discuss in detail issues raised by Seoul on the need to deal with different certifications, diverse regulations and government policies that favor national companies over foreign firms in the clean energy development field.

“After discussing the matter for one year, CEM will decide whether or not to adopt the issues as a formal initiative when it meets again in Mexico City for the sixth round of ministerial talks,” he said.

U.S. Secretary of Energy Ernest Moniz also concurred on the need for close cooperation across the board and said that recent focus on “clean energy finance” and other measures are important to bring about progress that can allow the world to deal more effectively with global warming.

“The focus on clean energy finance and close collaboration with the private sector is part of the broader theme where if we are going to have the kind of energy transformation that we want, at the scale that we want, and at the pace that we want, we need to find ways to move large amounts of private capital off the sidelines so it can be invested in clean energy,” the official stressed.

He said that the period between the CEM 5 meeting held in Seoul and the CEM 6 meeting set for next year is important because the international community will be discussing key issues related to climate change.

“Clean energy is central to the solution of climate change risks and energy security,” Moniz said.

Countries around the world are moving to make collective commitments to greenhouse gas reductions at the end of 2015 in Paris. In regards to energy security, he pointed out that the recent developments in the Ukraine have highlighted the issue to a new level.

CEM 5, which gathered energy ministers and senior delegates from 22 countries and the European Commission, highlighted progress made through the ministerial collaborative initiative and announced new and expanded actions that will enhance clean energy supply, improve energy efficiency and expand clean energy access around the world.

 

Cambridge Hydro buys Brant Power for $40.2M by Westward Group Renewable Energy News

Cambridge Hydro buys Brant Power for $40.2M by Westward Group Renewable Energy News

Original Source at TheRecord.com

PARIS – Cambridge and North Dumfries Hydro, also known as Energy+, has purchased Brant County Power Inc. for $40.2 million.

County of Brant announced to the sale on Monday afternoon (May 12).

The county will receive $32.2 million after settlement of debt and other obligations, which it said represents a significant premium over Brant Power’s book value.

The county announced last August it was putting its utility up for sale to raise money for infrastructure and help keep property taxes under control.

Conditions of the sale protect Brant Power customers from hikes in hydro distribution rates for four years and guarantee the jobs of Brant Power employees.

Energy+ agreed to freeze current Brant Hydro distribution rates for four years. Afterward, Energy+ will apply to the Ontario Energy Board to harmonize the Brant Power rates with its own rates, which is expected to result in similar or lower rates for Brant customers than if Brant Power remained municipally owned.

About 30 per cent of a customer’s hydro bill covers distribution. The rest is the actual cost of the electricity, which is set by the Ontario Energy Board.

Energy+ also agreed to continue to employ all Brant Power employees and honor all existing conditions of employment following the transaction, and continue operations from Brant Power’s Paris operations center for at least five years.

County council will create an investment fund using the sale proceeds. Annual returns are expected to “significantly” exceed the annual dividend the county received from Brant Power. The investment proceeds will go to infrastructure projects and to maintain and improve country roads, bridges, parks, trails and other public assets.

Ontario Energy Board approval of the sale is expected to take four to five months.

During that time, the county will work with Energy+ and Brant Power representatives on a transition plan. Energy+ plans to form an advisory committee made up of representatives from the county and its own officials.

Westward Group Renewable Energy News Paris: 17 Power Markets in Spain Set to Join

Europe Links 17 Power Markets as Spain, Portugal Set to Join

Westward Group Renewable Energy News Paris: 17 Power Markets in Spain Set to Join

Day-ahead power markets are set to be linked from Portugal to Finland as the European Union seeks to integrate electricity markets by the end of this year across the 28-nation bloc.

Spain and Portugal are due to today join the existing 15-country market coupling project, linked through an interconnector between Spain and France. Network operators and energy exchanges have held a single auction at noon Paris time since Feb. 4 to determine next-day power prices in the northwest of Europe.

Linking markets is part of the EU’s third package of legislation intended to remove national barriers to power and gas trading and reduce energy costs. Market coupling aims to smooth price differences between nations through better control of cross-border flows. Before coupling, traders selling power into another country had to buy cable capacity in advance, and then make a separate trade on another exchange, exposing themselves to two sets of price risk.

“This is the first time a market coupling arrangement has been geographically expanded,” Andrew Claxton, director of business development at APX Group Holding BV, said by e-mail. “Previously this has involved implementing a whole new solution. This shows that we have a robust underlying solution that can be extended across Europe.”

Day-ahead power market coupling links Austria, Belgium, Denmark, Estonia, France, Finland, Germany, Latvia, Lithuania, Luxembourg, Norway, the Netherlands, Poland, Portugal, Spain, Sweden and the U.K. excluding Northern Ireland, according to N2EX, a U.K. exchange.

Related: Westward Group Alternatives – Blog

Optimizing Cables

“Although the interconnection level between the Iberian Peninsula and Central West Europe, through the Pyrenees, is very limited, the new mechanism ensures a proper use,” Rafael Gomez-Elvira Gonzalez, a Madrid-based spokesman for Iberian exchanges OMIE, said by e-mail. “Market coupling optimizes the use of existing cross-border capacities.”

Day-ahead markets in Romania will be linked to Slovakia, Hungary and the Czech Republic through the price coupling mechanism on Nov. 11, Czech power market operator OTE AS said April 9.

Plans to link Swiss day-ahead markets with European countries have stalled after the bloc halted talks on the Alpine nation joining its energy market. The EU suspended talks after Swiss voters on Feb. 9 approved immigrant quotas, a move contrary to market-opening pacts with the EU going back to 2002.

Europe’s plans to link intraday power markets ground to a halt after power exchanges failed to agree on who would develop a platform. The European Commission said on Feb. 6 that it would propose legally binding obligations to ensure the intraday platform is developed. Exchanges from APX Group Holding BV to Epex Spot SE said on Feb. 10 they had reached an agreement and are working on an EU-wide platform.

Westward Group Renewable Energy News Paris about eco stuff expensiveness and green energy savings

Everyone thinks eco stuff is expensive – but green energy could save us $71 trillion by 2050

Westward Group Renewable Energy News Paris about eco stuff expensiveness and green energy savings

Yes: we’ll have to invest a lot but in the long term this could save the planet as well as huge sums of money, according to the IEA.

According to the International Energy Agency if the world replaced fossil fuels with renewables as its primary source of energy by 2050 the global economy will have saved US$ 71 trillion.

The IEA’s soberly named biennial report Energy Technology Perspectives 2014 casts a look at the energy sector over the next 40 years.

While these are the long term net gains, there are also some seriously costly investments needed to spur these changes.

The IEA estimates that an additional US$44 trillion of investment will be needed to meet 2050 carbon reduction targets.

This represents an increase of 22% from the figure the Agency gave two years ago ($36 trillion).

The investments would guarantee that the average temperature rise since the industrial revolution is limited to 2-degrees Celsius.

According to the Agency investments in renewables, nuclear power and carbon capture and storage would – in the long term – yield more than $115 trillion in fuel savings.

According to Maria van der Hoeven – executive director of the Paris-based IEA – coal use if still growing and outpacing that of renewable energies, while the intensity of electricity emissions has remained stable for the past two decades, though there has been some progress in certain areas.

The agency claims that tripling the use of renewable energy, nuclear power and carbon capture and storage by 2050 would be crucial to reaching the goal carbon reduction goal.

Westward Group Tokyo Energy News Post-Fukushima Japan Chooses Coal Over Renewable Energy

An employee holds a piece of coal in a storage yard at the Joban Joint Power Co. Nakoso coal-fired power station in Iwaki City, Fukushima Prefecture, Japan.

An employee holds a piece of coal in a storage yard at the Joban Joint Power Co. Nakoso coal-fired power station in Iwaki City, Fukushima Prefecture, Japan.

Prime Minister Shinzo Abe is pushing Japan’s coal industry to expand sales at home and abroad, undermining hopes among environmentalists that he’d use the Fukushima nuclear accident to switch the nation to renewables.

A new energy plan approved by Japan’s cabinet on April 11 designates coal an important long-term electricity source while falling short of setting specific targets for cleaner energy from wind, solar and geothermal. The policy also gives nuclear power the same prominence as coal in Japan’s energy strategy.

In many ways, utilities are already ahead of policy makers. With nuclear reactors idled for safety checks, Japan’s 10 power companies consumed 5.66 million metric tons of coal in January, a record for the month and 12 percent more than a year ago, according to industry figures.

“You cannot exclude coal when you think about the best energy mix for Japan to keep energy costs stable,” said Naoya Domoto, president of energy and plant operations at IHI Corp., a developer of a technology known as A-USC that burns coal to produce a higher temperature steam. “One way to do that is to use coal efficiently.”

Japan’s appetite for coal mirrors trends in Europe and the U.S., where the push for cheaper electricity is undermining rules limiting fossil fuel emissions and supporting cleaner energy. In the U.S., a frigid winter boosted natural gas prices, providing catalyst for utilities to extend the lives of dirtier coal plants. Germany, Spain and Britain are slashing subsidies for renewables to rein in the cost of electricity.

An employee walks in a coal storage yard at the Joban Joint Power Co. Nakoso coal-fired power station in Iwaki City, Fukushima Prefecture, Japan.

An employee walks in a coal storage yard at the Joban Joint Power Co. Nakoso coal-fired power station in Iwaki City, Fukushima Prefecture, Japan.

Mixed Bag

For renewable energy environmental groups, Japan’s policy is a mixed bag offers little in the way of policy direction. Instead, it backs the status quo, calling for reactors shut after the 2011 disaster to be restarted while offering no targets for the amount of power coming from wind and solar.

“What had been expected of the basic plan was to present a major policy to switch from nuclear power,” the Japan Renewable Energy Foundation said in a statement. “But the basic plan shows that the government has given up fulfilling that role. The plan does not promote a shift from old energy policies.”

WWF Japan urged the government to set a target to promote clean energy as soon as possible.

“The energy plan failed to present the spirit of innovation,” the conservation group said in a statement April 11. “Japan basically needs to recognize an increase in coal use is a serious issue for climate change. The country needs to push for reduction of carbon dioxide.”

The Joban Joint Power Co. Nakoso coal-fired power station stands illuminated at night in Iwaki City, Fukushima Prefecture, Japan.

The Joban Joint Power Co. Nakoso coal-fired power station stands illuminated at night in Iwaki City, Fukushima Prefecture, Japan.

Fossil Fuels

In calling for technology to be used to soften coal’s environmental impact, the plan acknowledges that traditional fossil fuels pollute more and carry higher costs.

Before the accident, Japan got 62 percent of its electricity from fossil fuels, and nuclear made up about a third, according to government figures. Since then, utilities reverted to fossil fuels such as liquefied natural gas and coal to replace nuclear capacity taken offline. Those thermal power sources generated about 90 percent of Japan’s electricity in fiscal 2012, according to figures in the energy plan.

Buying more fossil fuels comes at a cost. The resource-poor nation has run 20 consecutive months of trade deficits and last year backtracked on promises to cut greenhouse gas emissions. That jarred United Nations talks involving 190 nations discussing ways to limit global warming.

Export Hopes

“It’s crucial to have diverse energy sources for a country like Japan, which relies on imports for all energy,” said Akira Yasui, an official in charge of coal policy at the Ministry of the Economy, Trade and Industry. “Our basic stance is to use coal while caring for the environment as much as possible. Coal is economical and stable in supply.”

Abe’s government is supporting the development and export of advanced coal technology from Japan. According to a growth strategy released in June by the prime minister, the nation intends during the 2020s to commercialize A-USC technology. It’s also seeking to sell a equipment that combines fuel cells with a process called integrated gasification combined cycle to improve the efficiency of power generation.

“By applying Japan’s most advanced coal technology, the U.S., China and India can reduce a combined 1.5 billion tons of carbon dioxide emissions per year,” far above Japan’s total emissions, Toshimitsu Motegi, Japan’s trade minister, told parliament in February.

Fukushima Disaster

Japan’s interest in IGCC technology is on display at the Nakoso Power Station’s No. 10 coal power generator, about 60 kilometers (37 miles) south of the wrecked Fukushima nuclear plant. The unit, set up in 2007 to demonstrate the feasibility of the technology, can produce about a quarter of a typical nuclear reactor’s 1 gigawatt of electricity.

Had it not been for the Fukushima disaster three years ago, the generator would have been closed. Today, it’s up and working after repairs. The station, operated by a joint venture between Tokyo Electric Power (9501) Co. and Tohoku Electric Power (9506) Co., posted record output for the year ended March 31.

“This was a research generator,” Yoshitaka Ishibashi, associate director and executive general manager at the plant, said in an interview. “They’re usually dismantled once the study is over. But nuclear reactors were suspended, power supply was tight, and 250 megawatt is not a negligible capacity. So it was turned into a commercial one.”

More Coal

Tokyo Electric, better known as Tepco, has other plans to use more coal for the stations that serve 29 million customers around the nation’s capital.

The utility plans to add two more IGCC generators at the Nakoso station and at its Hirono plant, also in Fukushima. A more traditional 600-megawatt coal-fired generator at the Hirono site began operating in December.

Power generation costs from IGCC can eventually be reduced to conventional coal power generation levels at 9.5 yen (9 cents) per kilowatt hour, though that may not happen for 10 years to 15 years, said Ishibashi at the Nakoso power station.

“The plan represents nothing but anachronism,” said Mie Asaoka, head of the Kiko Network, a Kyoto, Japan-based environmental organization.