Showing posts with label alternative. Show all posts
Showing posts with label alternative. Show all posts

Alternative Energy Stocks After Obama's Election Victory

After the election of Obama, many believed that we would see a surge in alternative energy stock prices, but this did not happen. As reviewed in a Renewable Energy World article “of the approximately 250 alternative energy companies that the Roen Financial Report tracks, only 21 companies, or less than 9%, were gainers. In other words, losers beat gainers by a 10:1 ratio! On average, alternative energy companies were down 5.8%, with 35 companies showing double-digit losses for the week. Of the 21 gainers, fully half were volatile penny stocks with market caps less than $100 million, so those gains may change very quickly.”

“Of the six alternative energy industries — wind, solar, smart grid, efficiency, fuel alternatives and environmental companies — wind fared the worst. Only two wind companies posted a gain for the week, Pike Electric Corporation (PIKE) and the highly speculative Quantum Fuel Systems Technologies (QTWW). Otherwise, the average wind company lost 6.0% for the week.”

Overall the entire stock market was down about 4 percent and Energy sectors were down 5.1 percent. All 68 industries Fidelity lists were down the only exception was Biotechnology.

With regard to the fiscal cliff the country was right back where it started. So concerns about the fiscal cliff made investors wary, oil futures dropped and energy stocks tanked.

The alternative energy picture will improve dramatically if Washington continues to move ahead with alternative energy initiatives, particularly a carbon tax. With all the low hanging fruit out there, Energy Efficiency companies may benefit the most.

© 2012, Richard Matthews. All rights reserved.

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The CERINA Investment Model from IWR

The CERINA plan (CO2 Emissions and Renewable Investment Action Plan) is an investment model by means of which CO2 emissions are compensated for through investments in renewable energy technologies. Since 2009, the German Based Renewable Energy Industry (IWR) has been determining global CO2 emissions and those of individual states using the fossil fuel energy consumption data of BP. On this basis, the amount of investment in renewable technology needed to stabilise global CO2 emissions at the current level is then computed for each country.

On the basis of an objective allocation key per metric ton of CO2, the level of investment can be specified according to the source. Countries with low emissions are required to make lower investments than are countries with high emissions.

Emissions and renewable energy investments for 65 countries in 15 languages can be found here.

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Obama Administration's Wind Energy Leases

Although the Obama administration has offered offshore oil leases, it has also announced that it is offering competitive lease sales for wind energy development in areas off the coasts of Massachusetts, Rhode Island and Virginia. What makes this announcement so important is the fact that this is the first time that a portion of the outer continental shelf will be leased for renewable energy development.

As explained in EcoWatch, the area off the coast of Virginia alone can support more than 2,000 megawatts of wind generation, which can power an estimated 700,000 homes. The areas off the coasts of Massachusetts and Rhode Island are expected to be able to support about an additional 2,000 megawatts of wind generation.

“We have enormous potential for harnessing pollution-free wind energy of our coasts, and now are closer than ever to making this vision a reality in Massachusetts, Rhode Island, and Virginia. We are thrilled that the Obama administration has announced another critical step forward for offshore wind development and look forward to continuing to work with state and federal leaders to see turbines spinning off our coasts soon,” said Courtney Abrams, Environment America’s federal clean energy advocate.

“Tapping into the power of our offshore wind resources is vital to ensuring a future with cleaner air and fewer extreme weather events. Along the Atlantic coast alone, reaching the Department of Energy’s goal of 54 gigawatts of offshore wind power would reduce global warming pollution by the equivalent of taking roughly 18 million cars off the road. Meeting this benchmark would also generate $200 billion in new economic activity while creating more than 43,000 permanent, high-paying jobs in manufacturing, construction, engineering, operations and maintenance, according to the National Renewable Energy Laboratory.

“We applaud this step forward and the Obama administration for their leadership in ensuring that responsibly-sited offshore wind becomes a reality in the United States as soon as possible.”

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Infrastructure Summit 2012: New Policy Technology and Finance (Event)

The Infrastructure Summit will take place on November 6th 2012 in London, UK and will once again bring together 150 leading policy-makers, business, academics and experts from transport, energy and digital communications. The event will explore new approaches to infrastructure and takes a strategic view of infrastructure opportunities in Europe and the UK.

As Europe's economy stagnates, infrastructure development offers one of the critical devices to generate growth. Yet we need new ideas. Traditional approaches are simply not working. We need to rethink our policies, embrace new opportunities offered by technology and rethink how we finance these.

Issues to be discussed:
  • Why infrastructure development will give Europe the necessary economic stimulus. 
  • Where the necessary public policy reforms have already been made or will be made, in short: where to invest. 
  • How policies must change to give the right impetus to technological innovation and private investment. The new, cutting-edge technologies, how to integrate them, how this will help move ahead of the competition, increase efficiencies of infrastructure systems and cut costs. 
  • The new approaches and strategies that are already here or will generate smart, sustainable growth across the continent. 
  • This includes, how to take an integrated approach amongst public and private sector stakeholders across EU, national and regional levels. 
  • How to finance infrastructure development whilst government budgets are stretched. 


For more information click here.

Green Energy Business Seminar & Trade Show: Sustainable Growth for Northern Virginia (Event)

A Green Energy Business Seminar with be taking place on November 1, 2012, from 8:00 AM to 11:30 AM at the Mason Inn Conference Center in Virginia. The strategic seminar is subtitled "Sustainable Growth for Northern Virginia." The event is being conducted by Relerience, a green energy consulting company.

The Seminar will address the development of green business plans and offer strategic guidance in eight key areas.


Business plans are intended to help companies:

• Implement green energy solutions
• Implement energy management strategies
• Optimize resources
• Gain access to capital
• Comply with industry & government requirements
• Attract more revenue
• Achieve business growth
• Create jobs

Goals for the Green Energy Business Seminar:

To support business growth and job creation through Green Business Plans.
To support relationship-building and economic growth in the Northern Virginia business community.

The guest speaker for the event is Terry McAuliffe, the Chairman of GreenTech Automotive, a U.S.-based automotive manufacturer dedicated to developing and producing environmentally-friendly, energy-efficient vehicles. McAuliffe has been a long-time investor and promoter of affordable green energy projects. McAuliffe has been a business leader and entrepreneur for nearly four decades. In addition, he was elected Chairman of the Democratic National Committee from 2001 to 2005. He also served as Chairman of the 2008 Hillary Clinton Presidential campaign. In 2009, he ran for Governor of the State of Virginia. McAuliffe received a Juris Doctor degree from Georgetown University School of Law and a Bachelors degree from The Catholic University of America in Washington, D.C. He lives in McLean, Virginia. Learn more about McAuliffe.

Agenda:

8:00 AM – 11:30 AM: Exhibit Hall is open

8:00 AM – 8:30 AM: Breakfast and Networking

8:30 AM – 9:00 AM: Opening Remarks

9:00 AM – 10:00 AM: Part I: What is a Green Energy Business in 2013 and beyond?

10:00 AM– 10:15 AM: Remarks by Terry McAuliffe (of GreenTech Automotive) regarding Green Energy & Transportation

10:15 AM – 11:00 AM: Part II: Green Energy Business Plans

11:00 AM – 11:30 AM: Networking Session & Lunch
Throughout the Seminar: Exhibit Hall is open during the entire Seminar

Attendees:

Over 400 executive leaders and business owners are expected to attend the Green Energy Business Seminar.

Attendees include:

• Companies seeking alternative strategies to grow their customer base and increase cash flow.

• Companies interested in implementing green energy initiatives to increase their revenue.

• Companies interested in energy management strategies to increase access to capital.

• Defense contractors, restaurants, hotels, franchises, manufacturers, retailers, technology firms, transportation companies, car dealerships, commercial banks, and health care facilities.

Register:

• $55 to register.

• $35 Online Seminar Option.

Attendees interested in viewing the Seminar live, online (rather than in-person), may register for $35. Presentation materials will be made available in electronic format during the Seminar and immediately thereafter.

For more information click here.

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The International Sustainable Energy Summit (Event)

The International Sustainable Energy Summit (ISES) will take place on November 7 & 8 in Kuala Lumpur, Malaysia. SEDA Malaysia is organising its inaugural ISES event at the Putrajaya Marriott Hotel.

Recognizing the increasingly prominent role that RE and EE play in the world, ISES 2012 aims to share good practices and help identify means of providing necessary know-how, technology and financing for transformation towards energy independence and sustainable development. ISES 2012 also provides a platform and opportunity for RE and EE industry professionals in Malaysia and the world to meet, discuss and get latest updates and related issues on sustainable energy in Malaysia.

The theme of ISES 2012, Empowering Nations via Sustainable Energy is timely as we seek alternative energy sources to reduce our dependence on fossil fuel and transform the energy sector to encompass efficient, clean and renewable sources of energy. SEDA Malaysia will provide updates on the latest development RE and EE in the country with respect to the legal framework and the implementation.

Other notable topics presented by renowned speaker from all over the world will include green financing, renewable energy and energy efficiency.

To register click here to download the registration form (pdf).

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The Biofuels Pipedream

First generation biofuels have been widely criticized, but even second, third and fourth generation biofuels have uncertain technical, economic and environmental viability. A full assessment of the environmental costs of biofuels reveals that the vast majority do not make sense. For biofuels to be a truly feasible alternative to oil, life cycle analysis must take into account not only CO2, but all the associated environmental impacts. The total environmental impacts of biofuel go far beyond the GHGs released by combustion, they must include a host of factors including the impacts they have on biodiversity.

Many are counting on biofuels to contribute substantially to addressing future energy demands. The EU has proposed that 10 percent of all fuel used in transport should come from biofuels by 2020 and the emerging global market is expected to be worth hundreds of billions of dollars a year in the next couple of decades.

The research shows that biofuels are increasingly in demand. In a 2011 report titled Biofuels Markets and Technologies, Pike Research estimates that production of biofuels will increase from $82.7 billion in 2011 to $185.3 billion by 2021. The report goes on to predict that supply will not be able to keep up with demand.

On January 18th, 2012, BP released Energy Outlook 2030, its official corporate view of the future of energy. At the release event in London, BP’s CEO Bob Dudley outlined what he called the “great potential” of biofuels, but Dudley added, “the world needs to focus on biofuels that do not compete with the food chain and are produced in a sustainable way.”

First Generation

First-generation biofuels rely on food crops (e.g.: corn, soy, palm and sugarcane), which have readily accessible sugars, starches and oils. First generation biofuels have been based almost exclusively on conventional fermentation or esterification processes. The problems with first-generation biofuels include net energy losses, GHG emissions, increased food prices and even mass starvation. Further, the increased production of ethanol results in deforestation and more carbon dioxide, a large water footprint, and negatively impacted water quality. It is clear that first generation biofuels are a losing proposition environmentally and economically.

When everything is factored into the equation, using biofuels made from feedstocks like corn, sugar cane and soy may have a greater environmental impact than burning fossil fuels. As summarized in Michael Grunwald’s article The Clean Energy Scam, “ethanol increases global warming, destroys forests, and inflates food prices”.

Second Generation

Second generation biofuels like cellulosic ethanol are not yet commercially available, but believers contend they may significantly alter the energy equation. Second-generation biofuels use non-food feed stock like cellulosic biomass (e.g. grasses, reeds and agricultural residue such as corn stalks). The processing of cellulosic biomass uses enzymes to breakdown the feedstock’s cellulose into sugar and it is then fermented. Alternatively, a thermo-chemical approach gasifies the biomass and then liquefies it in a process known as “biomass-to-liquid.”

Early in 2012, the Advanced Biofuels Association claimed “cellulosic ethanol and advanced biofuels industry is on the cusp of a major increase in scale that will prove critics of the effort to increase biofuels production in the US wrong.” In a recent interview, BP Biofuels North America President Sue Ellerbusch claimed that biofuel manufacturers are “right on the cusp of told you so.” Ellerbusch claims that BP is making sufficient progress that “over time we’ll have an industry that can compete head-on with fossil fuels.”

Research presented by Jeanette Whitaker of the Centre for Ecology and Hydrology in Lancaster, UK, finds that second generation biofuels hold substantially more promise than ethanol made from food-based feedstocks.

In 2009, scientists touted bio char as a potential source of biofuel. Early lab results were promising, suggesting that biochar would lead to less carbon in the atmosphere while also improving crops and soil fertility.

Also in 2009, North Carolina State University researchers Dr. Anne Stomp and Dr. Jay Cheng indicated that they believe duckweed was the key to better ethanol production. Using wastewater for growth, duckweed can create ethanol both faster and cheaper than corn-based ethanol.

Another possible feedstock for the production of biofuel is grass. In 2010, the Carbon Trust started working with the University of York to research how they could use microwave technology to turn garden and wood waste into biofuel. This new biofuel reportedly has a carbon footprint that could save “95 per cent of carbon compared to fossil fuels”.

Early in 2012, researchers indicated that camelina may be the best feedstock for biofuel. Camelina is a low-cost feedstock that has high energy, is non-food, uses marginal land and requires no irrigation. Boeing is already using biofuel derived from camelina for some of its planes.

Also in 2012, a company called DSM announced that it has developed yeast and enzyme solutions that increase biomass conversion rates and make the technology commercially viable.

However, there is a dark lining to these silver clouds. The United Nations has indicated that some of the non-food crops used for the creation of the fuel risk billions of dollars in damages to general agriculture. They cite a scientific report which warns that should invasive species spread, potential damages could easily reach $1.4 trillion annually.

Third Generation

Rather than improving the fuel-making process, third-generation biofuels seek to improve the feedstock. The most viable third-generation biofuels are largely based on fuels extracted from algae cultivated in water. Profitable biodiesel production derived from algae are not expected until at least 2016, but by some estimates, they could account for a third of biofuel production as early as 2022.

Algae may be able to reduce greenhouse gas emissions and serve as a feedstock for biodiesel production. Algae consume carbon dioxide (CO2) for normal growth during photosynthesis, making it a promising sink for carbon dioxide from power, chemical and fermentation projects.

Some reports indicate that algae based fuel can represent up to 30 times more energy per acre than more common crops. While others suggest the yields of oil from algae are 10-100 times more than competing energy crops.

Some strains of algae can produce 50% of their weight of oil, which is far better than rapeseed (which might yield a tonne of biodiesel per hectare), or palm oil (8 tonnes per hectare). Some estimate that as much as 40 – 90 tonnes per hectare is possible from algae. Algae grown in ponds can in principle be placed anywhere and there is no need to use arable land for them. Some algae grow well in salt-water, which conserves freshwater, whereas growing crops requires enormous quantities of freshwater.

Growing algae could become cost-effective if it is combined with environmental clean-up strategies like sewage wastewater treatment and reducing CO2 emissions from smokestacks of fossil-fuelled power stations or cement factories.

Algae biofuel pioneer OriginOil is behind a 2009 “breakthrough” in the quest to cost-effectively extract a renewable biofuel from algae.

A study published in 2012 confirms that algal biofuels are a legitimate solution to efforts to combat lifecycle GHG emissions. The study is known as Environmental Science and Technology by ExxonMobil Research and Engineering, MIT and Synthetic Genomics. The study found that when produced in large volumes, algae has the potential to produce huge amounts of fuel per unit area of production.

The study also found that algal biofuels in saline systems using brackish makeup water can have freshwater consumption that compares to gasoline. Through a process known as “wet extraction”, there is potential for more than 50 per cent reductions in GHG emissions.

Given algae’s high oil yield, it’s estimated that about 1 percent of today’s 1 billion U.S. farm and grazing acres (as land, pond, or ocean space) could produce enough algae to replace all petroleum diesel fuel consumed in the U.S.

However, the research on algae as a biofuel is inconclusive. CSU mechanical engineering professors Anthony Marchese and Azer Yalin are amongst the researchers who are examining exactly what gases are emitted when algae oil burns. The CSU team seeks to understand how gases like nitrogen oxides (NOx) emissions are produced from burning biofuel. The outcome of their research will go a long way to determine the viability of algae as a feedstock for biofuel.

Professor Chris Rhodes is a writer and researcher who has reservations about the feasibility of algae as a feedstock for biofuel (it should be stressed that Rhodes is also a climate denier). The reason he claims he is bearish about algae is due to insufficient global rock phosphate reserves. These phosphates are required to grow algae.

The high hopes many have for algae as a biofuel may never come to fruition. According to a 2009 article by GWIR’s Thomas Schueneman titled Algae Biofuels – The Hype, the Hope, the Promise, the buzz around algae based biofuel “is wild-eyed optimism and pure hype.”

Fourth Generation

Fourth-generation technology combines genetically optimized feedstocks, which are designed to capture large amounts of carbon with genomically synthesized microbes, which are made to efficiently make fuels. Key to the process is the capture and sequestration of CO2, making them carbon neutral fuels.

Dr. J. Craig Venter said his Synthetic Genomics could lead to improvements in biofuels by letting scientists design feedstocks that capture more carbon. Venter is an American biologist who was one of the first to sequence the human genome and he is working to develop cells with a synthetic genome. His company plans to combine the processes of feedstock growth and fuel processing by designing organisms that will inhale CO2 and excrete sugars. The research was published in the Proceedings of the National Academy of Sciences. Venter’s teams are now using this knowledge to see if new biofuels can be efficiently developed.

Advanced Reactors

As reported in January 2012 issue of the journal Energy & Environmental Science and highlighted in Nature Chemistry, a team of chemical engineers at the University of Massachusetts Amherst has discovered reactions occurring within wood that could serve as the basis for designing advanced biofuel reactors. The “mini-cellulose” molecule, called ?-cyclodextrin, solves one of the major roadblocks confronting high-temperature biofuels processes such as pyrolysis or gasification. Paul Dauenhauer, assistant professor of chemical engineering and leader of the UMass Amherst research team, says that by creating reaction models of wood conversion, the scientists can design biomass reactors to optimize the specific reactions that are ideal for production of biofuels

Conclusion

Genetic modification and feedstock optimization may improve the outlook for non-food feedstock pathways and may expedite commercialization.

In the absence of a proven feedstock or production process, biofuels have been oversold by industry and politicians. Biofuels cannot solve all our energy problems on their own and the belief that they will leads to a false sense of security. The unwarranted faith in biofuels detracts from crucially important efficiency initiatives and undermines efforts to ramp-up abundant, truly renewable sources of energy like wind, solar and geothermal.

Source: Global Warming is Real

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Breakdown of Obama's Clean Energy & Efficiency Budget for 2013

The President's $3.8 trillion budget for fiscal year 2013, includes $6.7 billion for clean energy programs. According to a White House press release, this represents a 13 percent increase over the last enacted budget. (See the bottom of the page for a detailed breakdown of the President's 2013 budget proposal for clean energy and efficiency).

A total of $2.3 billion is directed towards the DOE’s office of energy efficiency and renewable energy projects. The DOE projects are known as EERE. EERE’s and their goal is to make clean energy cost-competitive with conventional sources. They also seek to make American businesses more energy efficient.

Although there is no new money for the DOE loan guarantee program, there is a plan to reauthorize $5 billion in new tax credits for clean energy manufacturers.

Obama also wants to cut $4 billion in yearly tax breaks for big oil, gas and coal companies over the next ten years.

Predictably conservative Republicans reject the budget and they are demanding deep cuts to existing clean energy programs.

Breakdown

DEPARTMENT OF ENERGY
  • Energy efficiency/green buildings $740 million
  • Electric cars/alternative transportation $430 million
  • Advanced Research Projects Agency - E (ARPA-E) $350 million
  • Solar energy $310 million
  • Biomass/renewable fuels refineries $270 million
  • Wind energy $95 million
  • Permitting and review for projects on public lands (Dept of Interior) $86 million
  • Hydrogen and fuel cell technologies $80 million
  • Geothermal energy $65 million
  • State energy programs (i.e. energy audits, electric car tax breaks) $49 million
  • Smart grid/energy storage $44 million
  • Clean energy transmission lines $24 million
  • Hydropower $20 million
  • Clean energy projects on Native lands $7 million
  • Nuclear energy $770 million
  • Carbon capture and storage (CCS) $276 million
  • Natural gas drilling study $17 million
DEPARTMENT OF DEFENSE
  • Energy conservation/renewables deployment at military buildings $1 billion
© 2012, Richard Matthews. All rights reserved.

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EIA: US Wind Growth 2006-2011

The Energy Information Administration(EIA) reports that US wind energy has shown tremendous growth for the last several years. Wind power is the fastest growing source of new electric power generation in the US.

According to the most recent EIA data, wind energy has grown an average of just under 40 percent in the last five years. In 2011 wind power increased 27 percent compared to 2010; in 2010, wind power generation increased 28.1 percent; 2008 saw 33.4 percent gains; 2007 saw 60.7 percent gains; and 2006 saw 49.3 percent gains.

Electricity from wind contributed approximately 3% of the total energy generated in the US in 2011. Wind energy is the largest source of non-hydroelectric renewable electricity in the US, contributing 61% of the nearly 200 gigawatthours of non-hydroelectric renewable generation in 2011

© 2012, Richard Matthews. All rights reserved.

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US Energy: Coal Declining While Renewables Increasing

Coal is one of the biggest sources of greenhouse gas emissions in the world and as revealed by its use in America at the end of 2011, it appears to be declining. According to the Energy Information Administration (EIA) coal's share of monthly power generation in the US decreased to below 40 percent in both November and December 2011. We have not seen monthly oil totals below 40 percent in more than three decades (March 1978).

The reason given for this decline is falling natural gas prices. Another factor involves the closure of 106 coal plants between January 2010 and February 2012. These coal plants represents a total emissions profile of 162 million tons of carbon a year.

EIA data also shows that renewable energy generation is increasing. This growth has been supported by Federal and State programs, including federal tax credits, state renewable portfolio standards, and a federal renewable fuels standard. The EIA forecasts that renewable energy will account for 33 percent of the overall growth in electricity generation from 2010 to 2035.

Federal production tax credits and grants for electricity from certain renewable sources as well as State-level renewable portfolio standards have encouraged both capacity additions and increased generation from wind and other renewable sources.

© 2012, Richard Matthews. All rights reserved.

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Renewable Energy Surpasses Nuclear in the US

According to Monthly Energy Review, published by the Energy Information Administration, renewable energy production has surpassed nuclear energy production in the US.

During the first three months of 2011, energy produced from renewable energy sources (biomass/biofuels, geothermal, solar, hydro, wind) generated 2.245 quadrillion Btus of energy equating to 11.73 percent of U.S. energy production. During this same time period, renewable energy production surpassed nuclear energy power by 5.65 percent. In total, energy produced from renewables is 77.15 percent of that from domestic crude oil production.

When looking at all energy sectors, production of renewable energy has increased by a little over 15 percent when compared to first quarter of 2010, and by more than 25 percent when compared to the first quarter of 2009. Of this total, biomass/biofuels accounted for approximately 48 percent of this total followed by hydropower at 35.41 percent Hydropower (an increase of 28.7 percent over last year), wind at 12.87 percent (an increase of 40.3 percent over last year), geothermal at 2.45 percent (an increase of 28.7 percent over last year) and lastly solar at 1.16 percent (an increased of 104.8 percent compared to last year).

While nuclear energy has seen a slight increase in power generation, for the most part it has remained steady.

© 2012, Richard Matthews. All rights reserved.

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Japan One Year After the Fukishima Disaster

Japanese nuclear energy is one of the fatalities of the tragic earthquake and tsunami that occured on March 11, 2011. Japan held solemn memorials on the one year anniversary of the earthquake and tsunami that led to the explosions at the Fukushima nuclear plant. More than fifteen thousand people perished and over five thousand were injured on that fateful day one year ago.

It is understandable that Japan is leery about nuclear's savage power. On August 6, 1945, the nuclear bomb that was dropped on Hiroshima, killed 140,000 people. The nuclear bomb that hit Nagasaki killed more than 70,000 people. Nagasaki mayor Tomihisa Taue spoke for many when he said Japan must develop safer energies such as solar and wind. Japan's Prime Minister Naoto Kan also called for a shift from nuclear power to renewable energy.

After the explosions at the Fukushima nuclear power plant, Japan closed almost all of their nuclear facilities to conduct safety checks. It is very unlikely that the country will restart the vast majority of these nuclear reactors. The cities of Osaka, Kyoto and Kobe have already told utility companies that they no longer want nuclear power.

Presently only 14 of Japan's 54 reactors are operational and the gap in the countries's energy requirements are being increasingly met with fossil fuels.

According to Japan's Institute of Energy Economics, replacing nuclear facilties with fossil fuels will increase annual CO2 emissions by 60 million tonnes, or more than 5 per cent.

The fallout from the tragic explosion of the Fukushima reactor has killed nuclear power in Japan and increased GHG intensive energy production. While the switch to renewables is entirely laudable, replacing the shortfall with fossil fuel powered energy is not.

© 2012, Richard Matthews. All rights reserved.

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The Future of Energy and the Environment According to Ian Bowles

Ian A. Bowles is an American environmentalist, politician, and political aide who served as Massachusetts Secretary of Energy and Environmental Affairs from 2007 to 2011. From 1999 to 2001, Bowles was the associate director of the White House Council on Environmental Quality. He also has experience in the private sector.

As reported in Nature of Business radio, host Chrissy Coughlin interviewed Ian Bowles, here are excerps of that interview:

"The U.S. as a national government is profoundly out of step with the rest of the world in terms of clean energy. Forget about how you feel about climate change. Even leaving that aside, the basic economic reason to make this transition is very strong."

At the state level, Ian describes how Governors and legislatures can and are working together to put in place renewable energy quotas and energy efficiency mandates for these two levels of government.

Ian talked specifically about the different forms of renewable energy and associated issues including tax credits. In addition to supporting an extension of the PTC for wind power he indicated that the challenge for solar is to convert federal tax credit into cash grants.

Ian only sees a bright future for renewable energy, particularly as people are better educated and more receptive to adaptation. Ian cites the example of energy derived from food and yard waste which is huge in Germany but only beginning in the US.

Ian reviews energy efficiency and describes it as the cheapest form of alternative energy. He notes that utilities are incresingly in the business of energy efficiency. Ian also adds that many jobs have been added directly related to increased energy efficiency measures.

The good news is that every single state now has some form of energy efficiency program, which is a far cry from where we were just a mere 15 years ago.

The heterogeneous energy mix in the US breeds competition and efficiency. There is a lot of ground for optimism particularly at the state level and municipal level. In Bowles' view, Renewable energy and energy efficiency will keep growing and keep providing jobs across America.

© 2012, Richard Matthews. All rights reserved.

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Video: The Inherent Design Flaws In The "Resource Based Economy" Model



This video is Peter Joseph's reply to Zeitgeist's support for a resource based economy. In this video Jospeh reviews the numerous, very real, and legitimate problems. Those problems are not minor details that can be glossed over or fixed at a later date, they are in fact inherent design flaws which render it unworkable.

In light of the recession and political deadlock it is understandable why the ideas behind a resource based economy are popular. It is easy to support being more sustainable, (radical efficiency, recycling, eliminating waste, etc). It is also easy to support the idea of creating a single system that shares resources. While these and other tenants are admirable, a Resource-Based Economic Model, it is yet another unrealistic utopia. Change is difficult for most and we simply do not have the time for the radical changes advocated by the Zeitgeist Movement.

One of the biggest problems with a resource based economy is the notion of removing the monetary exchange system and eliminating free markets. The free market is an efficient system and our monetary system provides incentives and disincentives that are consistent with human psychology. The failure of pure forms of socialism illustrate that this form of governance does not work.

As laudable as the ideals of a resource based economy might be, we have no time for the radical changes they require. The urgency of the threats posed by climate change mean we must be utterly realistic about creating a sustainable world using the most expedient means at our disposal. To make the changes we need to see in the time we have demands that we work within our current economic and monetary system.

© 2012, Richard Matthews. All rights reserved.

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In this video from the Zeitgeist Vancouver Lecture Series, a Resource Based Economic model is explained by Matt Berkowitz. The Zeitgeist Movement was founded in 2008, it is a Sustainability Advocacy Organization which conducts community based activism and awareness actions. The Zeitgeist Movement recognizes that issues such as poverty, corruption, collapse, homelessness, war, starvation and the like appear to be "Symptoms" born out of an outdated social structure. Their defining goal is the installation of a new socioeconomic model based upon technically responsible Resource Management, Allocation and Distribution through what would be considered The Scientific Method of reasoning problems and finding optimized solutions.

This Resource-Based Economic Model is about taking a direct technical approach to social management as opposed to a monetary or even political one. It is about updating the workings of society to the most advanced and proven methods Science has to offer, leaving behind the damaging consequences and limiting inhibitions which are generated by our current system of monetary exchange, profits, corporations and other structural and motivational components.

The Zeitgeist Movement views the world as a single system and the human species as a single family and recognizes that all countries must disarm and learn to share resources and ideas if we expect to survive in the long run. Hence, the solutions arrived at and promoted are in the interest to help everyone on the planet Earth, not a select group.

© 2012, Richard Matthews. All rights reserved.

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This 18 minute video is a recording of the TEDx [Portugal] Talk by Peter Joseph. Its focus is a resource based economy which describes a post-scarcity world economy. A resource based economy supports the removal of monetary exchange and is advocated by groups like The Venus Project.

The Venus Project was started by Jacque Fresco with the aim of improving society with a design that he calls a "resource-based economy". The system aims to incorporate sustainable cities and values, energy efficiency, collective farms, natural resource management and advanced automation.

Fresco suggests that in a resource-based economy, resources would be allocated into the goods and services in consumer demand, based on factors of availability, sustainability and technological advancement. The role of money would be phased out; instead, central computers would serve a lineup of goods and services, which citizens could order upon demand. Central computers would serve a variety of goods based on sustainability and the latest technological advances; obsolete, unwanted, or unused goods would be recycled, reduced and/or reused. Resource waste is a burden which the system must eliminate to function efficiently.

A resource-based economy aims to supplant the market economy as the entity to which people turn for goods and services. It aims essentially to take the market out of the market economy, replacing it with automation based on the assumption that machines do not profit and do not maintain an environment of scarcity to gain indebtedness and servitude from the population. Machines would act as the mediator to deliver goods and service to people in-place of the market and the government.

The advance of technology, if it were carried on independently of its profitability, would make more resources available to more people by producing an abundance of products and materials. This new-found abundance of resources would reduce the human tendency toward individualism, corruption, and greed, and instead rely on people helping each other.

A resource-based economy uses existing resources, rather than money, to provide an equitable method of distribution in the most humane and efficient manner. It is a system in which all goods and services are available to everyone without the use of money, credits, barter, or any other form of debt or servitude. And human error will not be left to chance, but compensated by cybernated structures, these will manage the risk to minimize or eliminate the opportunities that allow damage to the functioning of society. Offenders will not be killed, instead they will be re-educated, provided with the pieces of information for them to be altruistic, the integrity of a peaceful sustainable society will hold priority.

© 2012, Richard Matthews. All rights reserved.

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Government Energy Policy the Environment and the Economy

What a government does, or does not do, on energy policy will have major implications for the future. Rather than allowing the markets to dictate the price of energy, the confluence of environmental and economic concerns are putting pressure on governments to engage the issue of energy.

China recently unveiled a $700-billion program to promote clean energy investment. The U.S. government is seeking greater automotive efficiency and Germany is considering the development of nuclear power. In countries like Brazil Government policy has enabled the country to go from being a net importer to a net exporter of energy.

China, already the largest energy consumer in the world, is planning a major expansion of its greenhouse gas causing coal-fired generating plants. The challenge is the same in India and everywhere in the world because coal is cheap and easily readily available.

The growing energy demands of countries like China and India are widely believed to be a major threat to the environment. However, countries like Canada are also a target of criticism because of their massive oil sand reserves.

Fossil fuel powered energy is a major emitter of GHGs and it drives down the price of energy thereby impeding the growth of renewable sources of power. Fossil fuels are relatively cheap which is why governments must not allow price to dictate energy choice.
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