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3 Ways Wind and Solar Can Continue To Grow In a 21st-Century Grid

Earlier this year, MIT researchers were the latest in a series of analysts to raise alarm about the perceived limitations of solar PV’s continued growth. In short, these analysts propose that variable renewables will depress wholesale prices when they run, thereby limiting their own economic success.

These concerns have garnered coverage in other venues (including Vox, Greentech Media, and The Financial Times), leading observers to suggest that the future prospects for renewables may be dim.

But are these concerns really justified, or do they rely on outdated assumptions about the grid and about electricity markets? We argue that these critiques, assuming a static grid and unchanging market mechanisms, can be used to make any innovation look bad. However, more integrative assessments of a least-cost, clean, and reliable power system of the future will factor in high fractions of variable renewables, along with more-efficient markets (and usage) and new technologies to integrate these resources seamlessly and resiliently.

In this article, we argue that falling wholesale prices is a good problem to have, and that concerns about economic limitations ignore remedies available from supply-side evolution, demand-side resources, and updated market mechanisms. As the world gathers in Paris for COP21, these messages are as important as ever for charting and pursuing a low-carbon clean-energy pathway.

Understanding the “Problems”

There has been increasing concern that variable renewables such as wind and solar may face an upper limit to adoption in the U.S. grid. The argument is that large amounts of variable renewables will create excess supply concentrated at the particular times of day when they produce. The notorious “duck curve” is an example of this—the duck-like shape of a particular, daily demand curve modeled for California’s grid when the production of large amounts of solar photovoltaics (PV) is netted out.

Critics argue that this technical characteristic of variable renewables, specifically PV—a daily generation pattern that is not perfectly matched with load—can have economic consequences for all forms of generators, especially the renewable resources themselves. Large amounts of renewable resources can sell a glut of power when it’s available, offsetting production from higher-marginal-cost resources (like gas-fired power plants). Since power prices are generally set by the resources with the highest marginal cost that clear in the market, additional generation from renewables tends to lower market prices.

This “merit order effect” often decreases revenues for fossil generators. This impact has been particularly dramatic in Europe, where generation from costly-to-run thermal plants during the daily solar peak was formerly very profitable for fossil generation owners. PV has decreased energy prices so much there that the top 10 EU utilities lost half their market capitalization. However, the merit order effect also means that variable renewables themselves may also earn lower profits as their adoption rises. A common conclusion is that variable renewables can play only a modest role in power production, marginalized by declining wholesale value at higher adoption levels.

The Other Half of the Thought Experiment: Three Factors That Can Accelerate Renewable Energy Adoption

Analysts who have put forth these arguments have elaborated only the first half of a microeconomics thought experiment. The problems they hypothesize hinge upon the laws of supply and demand, but omit important aspects of both, drastically overstating the perceived “problems.” Let’s see how.

1) Supply is changing holistically, not incrementally

Many of these thought experiments consider adding just a single supply resource (often solar PV) without considering many of the other supply-side changes happening at the same time. In reality, solar PV, wind, and natural gas are all joining the supply mix in a big way at the same time; the first two are often complementary and the third is dispatchable, so together, they can do a lot to mitigate the “duck curve” often portrayed.

At the same time, retirements of uneconomic assets will provide a countervailing buoyancy to wholesale prices. For example, even though old, dirty plants often have low production costs, they may exit the market anyway due to high costs of compliance upgrades or other fixed costs that erode their profits. The resulting less-abundant supply can cause the marginal supply curve to contract in quantity, leading to higher prices and higher profits for renewables and remaining fossil generators—unless demand drops too, as it’s doing in the industrialized world.

2) Demand is increasingly flexible, not fixed

Analysts arguing that renewables’ variability will limit their growth often assume perfectly efficient wholesale markets, but unchanged retail markets and fixed demand profiles. This incomplete and asymmetrical treatment ignores the emerging capability to harness the demand side of the equation. For example, people like and respond to time-varying pricing programs, and these programs are starting to roll out at scale. The electricity demand of many appliances including electric water heaters and electric vehicles is inherently flexible without disrupting the service provided. Furthermore, new business models (from both utilities and third parties) are driving this convenient flexibility by providing seamless solutions, unobtrusively, conveniently, and without requiring customers to become part-time energy traders.

These factors together increase flexibility of demand, an important low-cost resource, and enable what is the most natural response to changing prices in an efficient market where consumers find ways to use and benefit from cheap electricity from wind and solar. In other words, as renewables reduce energy prices during certain times of day, demand flexibility allows customers to shift demand to those times, which will both reduce energy prices at other (peak) times and raise the price paid to renewables during times when they produce the most.

3) Storage makes renewables dispatchable, not variable

Diverse supply and flexible demand will play a big role in easing renewable integration concerns but, to the extent that issues remain, the continuing decline in battery prices and the range of values available from batteries means that remaining variability issues can probably be addressed at modest incremental costs. At the retail level, this can lead to increasing self-balancing of distributed generation (we’ve already seen this in Germany and Australia, and it may affect utility business models in the U.S.). At the wholesale level, as variable resources begin to saturate the market, high-priced hours will incentivize developers to begin to look at storage. Already, storage is seen as a near-term replacement for peaking generation, and batteries installed for peaking capacity can also be used to smooth the economic impact of renewables on power prices.

Storage is already a common feature of concentrating solar power (via molten salt), and becoming an increasingly common feature of solar PV. For example, the all-renewable winning bids in the latest Chilean auction for unsubsidized electricity included not just solar power as low as $65/MWh in the daytime, but also nighttime solar power—via thermal or electrical storage—for $97/MWh at night. With storage, variable renewables become dispatchable, and dispatchable renewables do not have nearly the same merit order effect as variable ones. To be sure, our recent demonstration that 13 kinds of benefits of behind-the-meter distributed storage can make batteries cost-effective does not necessarily make them competitive with the many other ways to achieve grid flexibility, but similar reasoning suggests an abundant range of options for averting the problems that narrowly constrained models imply.

Whole-System Thinking Illuminates a Path Towards Least-Cost Outcomes

Analysts arguing that renewables will economically limit their own continuing adoption generally leave out the considerations listed above—and more importantly, these arguments are built on incremental thinking, assuming that today’s grid and markets are fixed and only one thing changes (e.g., PV or wind-energy market share). A more holistic, integrative, and accurate analysis would start with the ultimate objectives (reliable, resilient, and least-cost energy services), and promote a whole-system design to get there promptly.

With this perspective in mind, the characteristics of renewable energy that have caused so much hand-wringing—variable output and near-zero marginal costs of production—simply add to the list of design considerations for a market design that rewards efficient investment. Given supply diversity, demand flexibility, and emerging technologies like storage, variable renewables are unlikely to face any practical limit to growth even under current grid paradigms and market structures.

Nothing Sacred About Existing Markets

But even if renewables do face adoption limits in current markets, there is no reason we have to keep these markets the way they are. Wholesale power markets are largely a product of historical coincidence, formed out of the paradigms of the last century in which thermal power plants competed only with each other. Modern market design that reflects the realities and changing resource mix of the 21st century grid, being pioneered in Germany already, can go a long way towards aligning incentives for least-cost resource mixes. Particularly, incorporating behind-the-meter distributed energy resources and flexible loads into energy markets—as is being done in California and New York—can bring new capabilities and a refined level of control to the grid.

An Integration Challenge?

Evolving supply, flexible demand, storage, and updated markets can remove the limits to increasing renewable energy on the grid. In a later post, we will highlight how these same levers can address the common concerns—and misunderstandings—about “integration costs” of renewable energy. For example, a much-hyped recent paper claims that high-penetration renewables must incur steeply rising integration costs. But that turns out to be an artifact of extremely restrictive assumptions in the models used, combined with an assertion that competitive harm to thermal-plant incumbents is an economic cost of the renewables that beat them.

Renewables Are Here To Stay

The “problems” with renewables often brought up by analysts may be real in isolation, but are overstated when the full range of options is considered. Indeed, these are good problems to have: they’re the natural forces of supply and demand acting to send signals to market participants to diversify resource choice, incentivize demand flexibility, and invest in storage and other emerging technologies. Arguments against wind and solar PV conclude that these resources will need greater subsidies to survive in the “duck curve” era. But instead, we can tap the latent power of supply diversity, demand flexibility, storage, and market design to level the playing field for all resources, rather than clinging to the premises of the 20th century grid. Protecting the old system is far inferior to enabling the new one so that innovation can flourish, entrepreneurs can thrive, and all options can compete fully and fairly. Source

 

 

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Green Aruba 2015 Conference

Green Aruba is an annual conference born in 2010 with the specific aim to place dedicated emphasis on Aruba's energy transition to 100% fuel independence.

Besides showcasing Aruba's progress and challenges to the accelerated penetration of renewables in the total energy mix, Green Aruba also exhibits the experiences and knowledge of other institutions and island nations in this field. Over the past six years, Green Aruba has evolved into a practical and valuable well-known platform within the region for the exchange of information and applied knowledge on sustainable and best practices for the shift to cleaner, more environmentally friendly energy sources and resources.

Green Aruba VI – Share Sustainability

At this year's Green Aruba conference to be held October 27th and 28th, the main theme will focus on sharing sustainability by together confronting the common barriers we face, identifying the solutions moving forward and creating the essential roadmaps to achieve our desired growth paths of the sustainability journey for our island nations.

Aruba has made remarkable progress over the years in the penetration level of renewables and/or efficiency at production level, with in 2015 reaching close to the 20% mark. With the ongoing and upcoming planned projects operational by the end of 2017, the 40% barrier will be surpassed by 2018!

With our goal to reach 100% fuel free energy production by 2020, and in order to surpass the 40% level, it is fundamental to embark on a “deep dive” into our existing energy mix. Aruba is examining cutting-edge technologies and new business models for our utility companies, all in conjunction with our RAS framework, to create a balance between Reliable and Sustainable investments. This balancing act will only be achievable if energy production costs remain Affordable for the customer base.

Local utility stakeholders together with foreign renowned institutions are preparing for this dive known as the Aruba Renewable Integration Study (ARIS), and will present their approach and concept at the upcoming conference. The ARIS will provide models that map out the road forward towards Aruba's aspiring renewable energy goals, while maintaining grid reliability and minimizing overall system costs, and can serve as a prototype or starting point for fellow island nations. More

 

 

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Caribbean States ‘lighting path’ towards sustainable future, says UN chief in Barbados

“I want to salute Caribbean countries for taking on ambitious renewable energy targets. By 2020, for example, Barbados will be one of the world’s top five leading users of solar energy on a per capita basis. You are lighting the path to the future,


Secretary-General Ban Ki-moon My main message to you is to remain fully engaged and keep working with us to strengthen our partnership during this vital year for humanity. Together, we can build a better, more sustainable world, for all.said during a high-level symposium focused on sustainable development in the Caribbean.

This meeting was among the UN chief’s first stops in Barbados, where later on Thursdayhe is expected to make opening remarks to the 2015 Caribbean Community (CARICOM) Summit, and where tomorrow, he will, among others, hold an interactive dialogue at the University of the West Indies.


“Twenty years ago, this very building was the site of the First Global Conference on Small Island Developing States that adopted the Barbados Programme of Action – the first compact between this group and the international community,” he noticed


For small island developing States, Ban added, this space is “hallowed ground.”

Encouraged by the presence of so many leaders of governments, regional and international organizations, the private sector, academia, and civil society, the Secretary-General highlighted the “continuing Caribbean commitment to put our world on a safer, more sustainable and equitable pathway,” a few days from theThird International Conference on Financing for Development in Addis Ababa, Ethiopia.

“As leaders of some of the most vulnerable countries in the world, you don’t need to be told that our planet is at grave risk. You are on the climate frontlines. You see it every day,” he continued.

Convinced that sustainable development and climate change are “two sides of the same coin,” the UN top official went on to say that this generation could be the first to end global poverty, and the last to prevent the worst impacts of global warming “before it is too late.”


To get there, he underlined, the international community must make sure that the proposed sustainable development goals (SDGs) are “focused, financed and followed up – with real targets, real money and a real determination to achieve them.”


Considering these goals as a sort of a “to-do list for people and the planet”, Ban emphasized that it will take partnerships to make that happen. In that regard, he said, the Third International Conference on Small Islands Developing States in Samoa last year laid a pathway for collective action and success within the post-2015 development agenda.


But, as the world prepares for a new sustainability framework and the sustainable development goals, a number of critical partnership areas must be strengthened, in particular the need for capacity building; financing; access to technology; and improved data collection and statistics.

Member States also must continue working together to link the global agenda to regional agendas and to deepen regional integration and to address the “unique needs and vulnerabilities” of small island developing states and middle-income countries, such as the debt challenge.

“And we need to keep forging the way forward towards a low-carbon, climate-resilient development pathway that will benefit both people and the planet,” the Secretary-General underlined.

He gave the assurance that, through the Green Climate Fund, and in working with world leaders, he will continue to insist that small islands and least developed countries are top funding priorities.


“My main message to you is to remain fully engaged and keep working with us to strengthen our partnership during this vital year for humanity. Together, we can build a better, more sustainable world, for all.”

Later, in an address to an event on ending violence against women, the Secretary-General said the Caribbean has among the highest rates of sexual assault in the world. Three Caribbean countries are in the global top ten for recorded rapes. Moreover, he noted that in the eastern Caribbean, UNICEF estimates that child sexual abuse rates are between 20 and 45 per cent – meaning at least one in five precious children are affected. Most are girls who have no choice but to live close to their attacker.

“They desperately need our help. Too many women are afraid to seek help. One study showed that up to two thirds of all victims suffer without ever reporting the crime. I am outraged by this. Shame belongs to the perpetrators – not the victiWe have to change mindsets – especially among men,” declared the UN chief.

In that light, he said he was proud to be the first man to sign onto the UN’s HeForShecampaign, and he invited more men to take the HeForShe pledge.

“I encourage you to join UNICEF’s End Violence global campaign. And every day, I count on all of you to work for true equality.”


In the margins of the 36th meeting of the Conference of Heads of Government of the Caribbean Community in Barbados, the Secretary-General met with Prime Minister Freundel Stuart, and Minister for Foreign Affairs and Foreign Trade, Maxine McClean, of Barbados, a country he congratulated for its upcoming leadership of CARICOM. More

 

 

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Latin America And Caribbean Region Expected To Install 9 GW Of Solar In 5 Years

That solar photovoltaic (PV) technology is poised to become a dominant energy generation technology throughout the world is of no surprise to most, but the sheer wealth of possibility being forecast throughout the middle and southern hemispheres begins to give an idea of just how prevalent the technology will be by the end of the decade.

Figures published by NPD Solarbuzz have so far predicted that several of the major Asia Pacific nations will account for 60% of solar PV demand in 2014, while being primary drivers of growth over the next several years, at the same time as the Middle East and Africa region currently has close to 12 GW of solar demand in the pipeline.

So it should really come as no surprise that NPD Solarbuzz’s recent figures show that the Latin America and Caribbean region is set to install 9 GW of solar PV over the next five years.

Latin America and Caribbean Five-Year Cumulative Demand Forecast by Project Status

“Solar PV is now starting to emerge as a preferred energy technology for Latin American and Caribbean countries,” said Michael Barker, senior analyst at NPD Solarbuzz. “The region has high electricity prices and it also benefits from strong solar irradiation, which makes it a good candidate for solar PV deployment. As a result, experienced global solar PV developers are seeing strong solar PV growth potential in the region.”

NPD Solarbuzz’s Emerging PV Markets Report: Latin America and Caribbean shows that the total PV project pipeline now exceeds 22 GW of projects across all stages of development — with 1 GW of projects already under construction, and another 5 GW of projects have received the appropriate approval to proceed.

The Latin America and Caribbean region was previously home to many small-scale and off-grid solar PV applications, however governments are now looking to solar PV to address large-scale utility power requrements — specifically in Brazil, Chile, and Mexico.

“Many countries across the LAC region have the potential to develop into major solar PV markets in the future,” added Barker. “While project pipelines vary by country, there is a strong contribution from early-stage developments that have yet to finalize supply deals or find end-users to purchase the generated electricity, which presents both risks and opportunities for industry players.”

A number of countries throughout the developing and second-world countries are turning to renewable energy technologies to develop strong, future-proof, and economically efficient energy generation. Such a trend is being backed by major manufacturing companies who are focusing their efforts on these regions, hoping to increase their own profits while fulfilling renewable energy demand. More

 

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On Low-Carbon Economies

RMI and Carbon War Room are working together to help Caribbean islands transition to lowcarbon, clean-energy economies

Former Costa Rican president and Carbon War Room head José María Figueres on islands, carbon, and global energy use

In 1994 at age 39, José María Figueres was elected president of Costa Rica, becoming the youngest president of a Central American country during modern times. A graduate of the United States Military Academy at West Point and Harvard University’s John F. Kennedy School of Government, his administration focused on sustainable development. Since then, he has served as the chair of a United Nations taskforce, CEO of the World Economic Forum and then Concordia 21, and most recently president of Sir Richard Branson’s nonprofit Carbon War Room. Fresh off travel through parts of Asia with RMI chief scientist Amory Lovins, we asked Figueres about the importance of working with islands, creating low-carbon economies, and how to accelerate transforming global energy use.

José María Figueres

Rocky Mountain Institute: Like RMI CEO Jules Kortenhorst, your background spans business and government. Looking at today’s energy and climate challenges, why are market-based solutions — even if bolstered by supportive governmental policies — so important for driving change?

José María Figueres: About 40 percent of global carbon emissions can be profitably avoided today within existing international agreements and national regulations by applying already-proven technologies. RMI and CWR are leaders in helping businesses realize this terrific market opportunity. As we get more capital to flow into financing the transition toward clean energy and lower carbon emissions, we can provide profitable example for others to follow and broaden understanding about these issues at the same time.

RMI: Looking at RMI and Carbon War Room’s collaborative work together in the Caribbean, including the Creating Climate Wealth summit earlier this year, why is focusing on islands so important, given their small contribution to climate change yet great vulnerability in the face of it?

JMF: Working with islands to shift their energy base from fossil fuels to renewables is important for at least three reasons. First, it helps improve the quality of life for island residents, who are burdened with some of the highest electricity prices in the world. Second, such a transition creates jobs, investment possibilities, and entrepreneurial opportunities that render these islands — normally dependent on tourism for the overwhelming bulk of their economies — more competitive. And third, our work with islands can yield shining examples of a successful transition to lower-carbon, clean-energy economies using existing technologies. This will hopefully inspire others to follow in their footsteps, and not only on literal islands. After all, islands need not be surrounded by water. They can be an off-grid mine, a rural community, an isolated military installation, and much more.

RMI: Costa Rica, already known as an ecotourism hot spot and global leader in environmental stewardship, has set a goal to become carbon neutral by 2021. Your energy mix is already almost entirely renewable (mostly hydro plus some geothermal and wind), with an impressively small amount of fossil fuels. As the country embraces diversification with other renewables, such as solar in the Guanacaste region, what lessons can the rest of the world learn from your successes and challenges?

JMF: The first lesson is that renewables are profitable. Powered by renewables Costa Rica has successfully diversified its economy, with a very pronounced and competitive export-oriented bias. Secondly, we are living proof it can be done even among developing nations with scarcer economic resources than the developed world. Thirdly, our experience shows that systemic thinking in addressing these challenges is much better than a “silo” focus.

RMI: What do you see as the most significant barriers that stand in the way of transforming global energy use? With renewables making an increasingly compelling economic case — garnering billions of dollars of global investment, while their costs keep declining, making that investment go further — how can we accelerate their adoption and topple incumbent fossil fuels?

JMF: There is nothing harder than changing cultural attitudes. Most of the world grew up on fossil fuels without thinking of their unintended consequences: increasing carbon emissions driving climate change. Now we must change our habits and practices, and do so within a ten- to fifteen-year window to avoid temperature changes from escalating beyond two degrees Celsius. This requires broadening our understanding with respect to the business opportunities it entails, strong leadership to change present business models, and public-private partnerships to make progress in the short time we have to act.

RMI: With China and the U.S. dominating global oil imports, fossil fuel consumption (especially coal), and carbon emissions, how do smaller countries such as Costa Rica and the Caribbean’s island-nations perceive their place in that landscape?

JMF: Smaller nations face both a great challenge and a great opportunity. The challenge — and it’s not an easy one to come to terms with — is that even if we do everything we can in the smaller nations and reduce our carbon footprint to zero, the world still needs China, the U.S., Brazil, India, and other large players to do more and move faster. The opportunity, though, is for smaller nations to set an example in the transition to low-carbon economies, which hopefully inspires others to follow. Then, the issue becomes one of scaling solutions, rather than proving them in the first place. Smaller nations can become early-adopters proving the case that paves the way for other major world energy powers to follow.

Follow José María on Twitter.

This article is from the Summer 2014 issue of Rocky Mountain Institute’s Solution Journal. To read more from back issues of Solutions Journal, please visit the RMI website.

 

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OAS Workshop Seeks to Improve Caribbean Sustainable Energy Projects

20 August 2014: A regional workshop organized by the Organization of American States (OAS) discussed how to improve donor interventions regarding sustainable energy projects in the Caribbean.

The workshop, titled 'Development of Sustainable Energy Projects: Experiences, Strategies and Implementation,' took place on 19 August 2014 in Saint Lucia. The event brought together major donors for Caribbean energy projects with country representatives to: examine current and planned sustainable energy projects; discuss local barriers to commercialization of sustainable energy; identify Caribbean country project priorities and gaps in current assistance; and look at ways to foster collaboration and complementarity between projects.

During the opening session, OAS consultant Christina Becker-Birck provided an overview of the 80+ energy initiatives in the region, amounting since 2004 to around US$129 million in technical assistance and grants, about US$108 million in loans and lines of credit, with at least US$100 million pending and planned.

Philipp Blechinger, Reiner Lemoine Institut, outlined the results of a survey on barriers to the development of renewable energy technologies for power generation on Caribbean island States. Carolina Peña, OAS Sustainable Development Department (DSD), outlined OAS energy interventions in the region.

During a roundtable discussion on learning from success stories and failures, the Organization of Eastern Caribbean States (OECS) detailed its Sustainable Energy Programme on technical assistance and energy labeling. The Carbon War Room discussed its 10 Island Challenge to catalyze private investment and produce a Ten Island Renewable Roadmap/Blueprint. The Caribbean Development Bank outlined the proposed Sustainable Energy for the Eastern Caribbean (SEEC) and Geothermal Drill Risk Facility projects. The EU provided an overview of its support for energy projects in the region, and the Clean Energy Solutions Center (CESC) outlined its technical support.

The workshop was organized by the OAS DSD in the framework of the Sustainable Energy Capacity Building Initiative (SECBI) of the Energy and Climate Change Partnership of the Americas (ECPA). More

 

 

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High-level Event Discusses Renewable Energy in SIDS


News: High-level Event Discusses Renewable Energy in SIDS

1 September 2014: Participants recognized sustainable energy for all as a tool for eradicating poverty, combating climate change, creating economic opportunities and achieving sustainable development for all small island developing States (SIDS), at a high-level side event, titled ‘Linking SIDS and Sustainable Energy for All (SE4ALL): From Barbados to Samoa, and Beyond.' The event took place on the sidelines of the Third International Conference on SIDS, in Apia, Samoa, on 1 September 2014.


The SE4ALL side event aimed to build on commitments from the UN Conference on Sustainable Development (UNCSD, or Rio+20+) and the Barbados SIDS High-Level Conference on SE4ALL, to take stock of progress since these events and chart the way forward to ensure sustainable energy for all SIDS.


Speaking at the event, UN Secretary-General Ban Ki-moon said achieving the three targets of the SE4ALL initiative is an important part of putting the world on a pathway for keeping temperature rise below two degrees Celsius. He outlined the need for a new energy paradigm, particularly for SIDS, who he said are particularly vulnerable to climate change and faced inflated energy costs due to their remoteness, and he welcomed the proposal of a dedicated Sustainable Development Goal (SDG) on sustainable energy for all with a focus on access, efficiency and renewables. Ban encouraged all leaders to “bring bold actions and ideas and strong political vision and political will” to the UN Climate Summit.


“SIDS are creating opportunities and examples that, if replicated worldwide, could lead the transition from fossil fuel energy to renewable and sustainable energy,” said UN General Assembly President John Ashe in his remarks.


The panel was moderated by Helen Clark, UN Development Programme (UNDP) Administrator, and featured: Adnan Amin, Director-General, International Renewable Energy Agency (IRENA); Camillo Gonsalves, Foreign Minister of Saint Vincent and the Grenadines; Salvatore Bernabei, General Manager, Enel Green Power Chile and Andean Countries; Naoko Ishii, CEO and Chairperson of the Global Environment Facility (GEF); and Reginald Burke, Caribbean Policy Development Centre. Key messages included the importance of reducing risk to catalyze private investment, the leadership being taken by SIDS, and various SIDS initiatives on sustainable energy, such as SIDS Dock and IRENA's SIDS Lighthouse project.


Participants highlighted: energy costs and energy security; climate change; and challenges and vulnerabilities faced by SIDS, including their small size and the high costs of importing fossil fuels. They stressed SIDS' renewable energy potential and the importance of addressing energy access and efficiency, highlighting the role of partnerships to address these issues. [UN Press Release] [UN Secretary-General Statement] [UNDP Administrator Remarks] [IISD RS Meeting Coverage, 1 September] [IISD RS Sources]



read more: http://energy-l.iisd.org/news/high-level-event-discusses-renewable-energy-in-sids/


 

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Goodbye gasoline… first green LEAF arrives in the Cayman Islands

GEORGE TOWN, Cayman Islands — The NCB group in the Cayman Islands has purchased the very first new all-electric Nissan LEAF in the Caribbean, reinforcing its commitment to environmental sustainability.

“NCB Group is proud to be a part of the innovative movement towards electric cars in the Cayman Islands,” said Matthew Wight, managing director.

Considered the premier residential developer in the Cayman Islands, the NCB group is seeking to further reduce its ecological footprint in an effort to protect the Caribbean and the planet from harmful greenhouse gasses.

Wight said that he drives electric vehicles because he knows that he is helping the environment.

“As a company, we strive to employ sustainable and green technologies when we build our residential and commercial projects and we wanted to carry this mission through to the vehicles we drive,” he explained.

Driving a Nissan LEAF – a 100% electric car — has been extremely rewarding “in the sense that the LEAF does not use a single drop of gas. It has no tailpipe, no fumes and produces zero emissions,” he said.

“As we build with Cayman’s future in mind we are also looking to alternative energy sources in everything we do with the goal to be as eco-conscious as possible,” Wight added.

For nearly a decade John Felder, president and CEO of Cayman Automotive Leasing, has been at the forefront of the burgeoning electric vehicle industry in the Caribbean.

His hope is to see electric vehicles being driven in every country in the Caribbean and eventually the world in years to come.

“I applaud Mr Matthew Wight and NCB for investing in the future for a cleaner and healthier environment. The energy generated to power the Nissan LEAF and the energy to move the car is 97% cleaner in terms of noxious pollutants,” Felder said.

The Nissan LEAF boasts one of the quietest and smoothest rides ever experienced. The vehicle does not have a gas tank and drivers will never have to pay at the pumps again. The motor is powered by an advanced lithium-ion battery, which is half the weight and twice the power of the nickel-metal hydride batteries used in hybrids, and can easily be charged at home, or at any solar panel charging station in Grand Cayman.

Felder is certain that electric cars are the cleanest, most efficient, and most cost effective form of transportation around.

“Electric cars are high performance vehicles that will continue to meet new challenges in the future,” he said. More

 

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Energy Efficiency Simply Makes Sense

What simple tool offers the entire world an extended energy supply, increased energy security, lower carbon emissions, cleaner air and extra time to mitigate climate change? Energy efficiency. What’s more, higher efficiency can avoid infrastructure investment, cut energy bills, improve health, increase competitiveness and enhance consumer welfare — all while more than paying for itself.

Maria van der Hoeven - IEA

The challenge is getting governments, industry and citizens to take the first steps towards making these savings in energy and money.

The International Energy Agency (IEA) has long spearheaded a global move toward improved energy efficiency policy and technology in buildings, appliances, transport and industry, as well as end-use applications such as lighting. That’s because the core of our mandate is energy security — the uninterrupted availability of energy at an affordable price. Greater efficiency is a principal way to strengthen that security: it reduces reliance on energy supply, especially imports, for economic growth; mitigates threats to energy security from climate change; and lessens the global economy’s exposure to disruptions in fossil fuel supply.

In short, energy efficiency makes sense.

In 2006, the IEA presented to the Group of Eight leading industrialized nations its 25 energy efficiency recommendations, which identify best practice and policy approaches to realize the full potential of energy efficiency for our member countries. Every two years, the Agency reports on the gains made by member countries, and today we are working with a growing number of international organizations, including the European Bank for Reconstruction and Development, the Asian Development Bank and the German sustainable development cooperation services provider GIZ.

The opportunities of this “invisible fuel” are many and rich. More than half of the potential savings in industry and a whopping 80 percent of opportunities in the buildings sector worldwide remain untouched. The 25 recommendations, if adopted fully by all 28 IEA members, would save $1 trillion in annual energy costs as well as deliver incalculable security benefits in terms of energy supply and environmental protection.

Achieving even a small fraction of those gains does not require new technological breakthroughs or ruinous capital outlays: the know-how exists, and the investments generate positive returns in fuel savings and increased economic growth. What is required is foresight, patience, changed habits and the removal of the barriers to implementation of measures that are economically viable. For instance, as the World Energy Outlook 2012 demonstrates, investing less than $12 trillion in more energy-efficient technologies would not only quickly pay for itself through reduced energy costs, it would also increase cumulative economic output to 2035 by $18 trillion worldwide.

While current efforts come nowhere close to realizing the full benefits that efficiency offers, some countries are taking big steps forward. Members of the European Union have pledged to cut energy demand by 20 percent by 2020, while Japan plans to trim its electricity consumption 10 percent by 2030. China is committed to reducing the amount of energy needed for each unit of gross domestic product by 16 percent in the next two years. The United States has leaped to the forefront in transportation efficiency standards with new fuel economy rules that could more than double vehicle fuel consumption.

Such transitions entail challenges for policy, and experience shows that government and the private sector must work together to achieve the sustainability goals that societies demand, learning what works and what does not, and following the right path to optimal deployment of technology. Looking forward, energy efficiency will play a vital role in the transition to the secure and sustainable energy future that we all seek. The most secure energy is the barrel or megawatt we never have to use.

Maria van der Hoeven is the Executive Director of the International Energy Agency, an autonomous organization which works to ensure reliable, affordable and clean energy for its 28 member countries and beyond. This commentary appeared first this month in IEA Energy, the Agency’s journal.

 

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Here’s Why Al Gore Is Optimistic About the Fight Against Climate Change

Al Gore has something of a reputation as the Cassandra of climate change. But amid the doom and gloom—melting glaciers, ever-rising carbon levels, accelerating species extinction—the former vice president has been positively sunny of late.

Why? Solar energy. “There is surprising—even shocking—good news: Our ability to convert sunshine into usable energy has become much cheaper far more rapidly than anyone had predicted,” Gore wrote recently in Rolling Stone. “By 2020—as the scale of deployments grows and the costs continue to decline—more than 80 percent of the world’s people will live in regions where solar will be competitive with electricity from other sources.”

Now a new report substantiates Gore’s optimism. Research firm Bloomberg New Energy Finance predicts renewable energy will account for 49 percent of the world’s power by 2030, with another 6 percent coming from carbon-free nuclear power plants. Solar, wind, and other emissions-free sources will account for 60 percent of the 5,579 gigawatts of new energy capacity expected to be installed between now and 2030, representing 65 percent of the $7.7 trillion that will be invested.

Gore is right that solar is driving the shift away from fossil fuels, thanks to plummeting prices for photovoltaic panels and the fact that solar fuel—sunshine—is free.

“A small-scale solar revolution will take place over the next 16 years thanks to increasingly attractive economics in both developed and developing countries, attracting the largest single share of cumulative investment over 2013–26,” the report states.

Solar will outpace wind as an energy source, with photovoltaic power accounting for an estimated 18 percent of worldwide energy capacity, compared to 12 percent for wind. That’s not surprising given that a solar panel can be put on just about any home or building where the sun shines. Erecting a 100-foot-tall wind turbine in your backyard usually isn’t an option.

In the United States, solar is projected to supply 10 percent of energy capacity, up from 1 percent today. In Germany, though, solar and wind will account for a whopping 52 percent of all power generated by 2030, according to the BNEF estimate.

These are all projections, of course, based on the existing pipeline of projects and national policies and involving a certain amount of guesswork.

The big wild card is what happens in developing nations like China and India, where energy demand is expected to skyrocket with a burgeoning middle class. Energy consumption will grow to an estimated 115 percent in China and 200 percent in India over the next 16 years. (Falling birth rates in the West mean that energy use will drop 2 percent in Japan, for instance, and 0.2 percent in Germany.)

Whether the world kicks its reliance on coal-fired electricity will depend in large part on what kind of energy choices China and India make. China installed a record amount of solar capacity last year and has set ambitious goals for ramping up renewable energy production.

But old ways die hard. While the Obama administration has proposed regulations to slash carbon emissions from coal-fired power plants, the U.S. Export-Import Bank, on the other hand, is considering financing a 4,000-megawatt coal-fired power station in India.

The good news, though, is that individuals around the world can make a difference with their personal power choices. According to BNEF, much of the solar energy to be generated over the next 16 years will come from solar panels installed on residential roofs. More

 

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