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Aussies Launching $350Mn Emissions Cutting Initiative (Int'l.)
Australia
Date: 2020-03-09
In the Land Down Under, the Liberal government of Prime Minister Scott Morrison is touting the launch of a $350 million initiative to lead the energy grid away from fossil fuel, promote renewable energy and cut carbon emissions. It will also invest $68.5 million to create the Reliable Affordable Clean Energy for 2030 Co-operative Research Centre (RACE for 2030). And, in what seems a contradiction, the government will also fund a $4 million investigation of the economic case for a new coal-fired power station in north Queensland State.

Working with private industry, RACE for 2030 will fund research into a "distributed grid"; a national strategy for charging stations required under the forecast growth in electric vehicles; harnessing rooftop solar and paying householders for their energy; and trial community scale micro-electricity grids.

Under the Paris Agreement, Australia committed to reducing emissions by at least 26 pct on 2005 levels by 2030, but may have to use "carryover" credits gained under the previous Kyoto Protocol to achieve half of its Paris target, according to the Brisbane Times report. (Source: Various Media, Brisbane Times, 8 Mar., 2020) Contact: Office of Prime Minister Scott Morrison, twitter.com/ScottMorrisonMP

More Low-Carbon Energy News Climate Change,  Carbon Emissions,  Renewable Energy,  


Repsol Sets 2050 Net-Zero Emissions Goal (Int'l. Report)
Repsol
Date: 2019-12-06
In Madrid, Spanish energy major Repsol SA reports its 2021-2025 Strategic Plan sets new goals for the reduction of its carbon intensity indicator from a 2016 baseline -- 10 pct by 2025, 20 pct by 2030, 40 pct by 2040, and net-zero CO2 emissions by 2050.

To that end, the company plans to double the production of high-quality biofuels derived from vegetable oils (HVO) to 600,000 tpy in 2030, half of which will be derived from waste transformation before 2025. Repsol will also integrate renewable energy into refining operations, which will incorporate production of green hydrogen as well as the use of renewable energy to fuel industrial processes.

Repsol was the first company in the industry to support the Kyoto Protocol, and it is now intensifying its decarbonization ambitions with the aim of being a net- zero emissions company by 2050. In addition, the company has pledged to work so that all the associations and initiatives in which it participates are in alignment with the targets derived from the Paris Agreement. (Source: Repsol, PR, RE Mag., 3 Dec., 2019) Contact: Repsol SA, Josu Jon Imaz, CEO, (+34) 91 7538100 / 91 7538000, sacportal@repsol.com, www.repsol.com

More Low-Carbon Energy News Repsol,  Biofuel,  Net-Zero Emissions,  


PSEG Claims Among Lowest Power Producer CO2 Emissions (Ind Report)
Public Service Enterprise Group (PSEG)
Date: 2019-07-01
In the Garden State, Newark-based power producer Public Service Enterprise Group (PSEG) is touting its record as having one of the lowest carbon emissions rates of the nation's largest power producers, according to Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States , a recently released report by M.J. Bradley & Associates, Bank of America, CERES, Entergy, Exelon and NRDC. According to the report:
  • In 1993, PSEG became the first electric utility in the U.S. to volunteer to participate in the Climate Challenge Program; PSEG successfully met this goal and stabilized carbon dioxide emissions from its New Jersey plants to 1990 levels by 2000.

  • In 2002, PSEG joined EPA's Climate Leaders program to reduce the six greenhouse gases covered under the Kyoto Protocol. Under this program, PSEG committed to reduce its CO2-equivalent GHG emissions on a pound-per-mWh basis by 18 pct from 2000 levels by Dec. 31, 2008. PSEG surpassed this goal by achieving a 31 pct reduction, due primarily to the fact that more than half our power comes from nuclear generation.

  • In 2009, PSEG established a new goal of reducing company-wide GHG emissions by 25 pct from 2005 levels by 2025. PSEG met this goal 14 years ahead of schedule. PSEG achieved this goal through implementation of energy efficiency programs, deployment of renewable energy, increasing nuclear output and building clean, efficient natural gas generation.

  • Since 2010, PSEG has invested approximately $400 million in energy efficiency initiatives that reduce emissions in hospitals, multifamily housing and buildings occupied by nonprofits and government agencies.

  • In 2018, PSEG announced its new goal of eliminating 13 million metric tons of CO2-equivalent by 2030 from 2005 levels. The new goal expands upon previous reduction goals, including efficiency upgrades of existing combined-cycle natural gas fleets and the retirement of the company's New Jersey and Connecticut coal plants.

  • PSEG has invested $1.7 Billion in 625 MWs of solar, including 211 MWs in New Jersey and 23 projects in 14 states totaling 414 MWs. PSEG is New Jersey's leading developer of solar energy resources and is an active supporter of efforts to develop offshore wind facilities.

  • Supplying more than 90 pct of the state's emissions-free power, PSEG's Salem and Hope Creek nuclear generating plants play a key role in supporting New Jersey's clean energy goals.

    Download the Benchmarking Air Emissions of the 100 Largest Electric Power Producers in the United States report HERE. (Source: PSEG, CSRWire 28 June, 2019) Contact: PSEG, PSE&G, PSEGPower, www/investor.pseg.com

    More Low-Carbon Energy News Carbon Emissions,  CO2,  Public Service Enterprise Group (PSEG),  Carbon Emissions,  


  • Guardian Comments on Paris Agreement Progress (Opinions, Editorials & Asides)
    Paris Climate Agreement
    Date: 2018-08-20
    According to the London School of Economics and Political Science there are 1,500 climate laws and policies globally. Only 20 years ago when the Kyoto protocol was signed, there were only 72. These policies include carbon pricing -- countries representing 56 pct of global emissions are on track to be covered soon -- 179 countries have renewable energy targets and vehicle emissions standards to which nearly 80 pct of new light duty vehicles sold globally are subject.

    Although the Paris agreement has been ratified by 179 countries including the US, China and other major emitters, US president Trump has stated that the US intends to leave the agreement, but legally they cannot formally withdraw until November 2020. Despite Trump's efforts, with clean technology costs falling and concerted action from US states, polluting coal plants are continuing to close and renewable energy and gas are expected to dominate the future of the US power system.

    Both China and India have committed to emissions targets under the Paris agreement. China has committed to lower the carbon intensity of its economy by 60 to 65 pct below 2005 levels by 2030. India committed to reduce the emissions intensity of its economy by 33-35 pct below 2005 level over the same period.

    The Guardian notes the world is currently not on track to achieve the objectives of the Paris agreement. And, although progress has been made more will need to be done by all countries to limit global warming to well below 2 degree C. (Source: Guardian, Aug., 2018)

    More Low-Carbon Energy News Paris Climate Agreement,  Climate Change,  


    Scholars Lauded for Sounding Climate Change Alarm (Int'l)
    Mopntreal Protocol
    Date: 2018-06-18
    In Taipei, Taiwan, the Tang Prize reports Dr. James E. Hansen, former Director of the US National Aeronautics and Space Administration (NASA) Goddard Institute for Space Studies, and Professor Veerabhadran Ramanathan, Council of Pontifical Academy of Sciences are co-recipients of the 2018 Tang Prize in Sustainable Development for their pioneering work on climate change and its impact on the sustainability of the earth. Their works lay the scientific foundation for international actions as the Paris Climate Agreement and the new global development-Agenda 2030.

    In 1988, then Director of NASA Goddard Institute of Space Studies, he famously announced in televised testimony before the US Congress that "global warming is here," as the observed temperature record exhibited an anomalous rise above the statistical noise of natural fluctuations. Dr. Hansen's testimony "was an important turning point in the history of global climate change."

    In 1975, Indian-born Professor Veerabhadran Ramanathan, Victor C. Alderson Professor in Applied Ocean Sciences, UC San Diego, noted the significant greenhouse effects of chlorofluorocarbons (CFCs) and halocarbons, particularly chlorofluorocarbons (CFCs) used as refridgerants and in manufacturing. This was a significant indication that showed how gases not only CO2 but such as CFCs that deplete the ozone layer could have ramifications for climate. This finding was also at the core of future negotiations for the Montreal Protocol on Substances that deplete the ozone layer that followed in 1987. The Montreal Protocol benefits both the ozone layer and the climate system. Its effectiveness is much greater than the first phase of the Kyoto Protocol.

    The Tang Prize, founded in 2012 by Dr. Samuel Yin, chairman of Ruentex Group, seeks to be an inspiring force for people working in all corners of the world. (Source: Source: Tang Prize Foundation, PR, 17 June, 2018) Contact: Tang Prize Foundation, Scarlett Tu, thetangmedia@tang-prize.org, www.tang-prize.org

    More Low-Carbon Energy News Climate Change,  GHGs,  Montral Accord,  Paris Climate Agreement,  


    UAE SCA Proposing Carbon Emissions Trading Scheme (Int'l)
    UAE Securities and Commodities Authority
    Date: 2018-01-31
    In Abu Dhabi, the UAE Securities and Commodities Authority (SCA) reports it is considering launching the region's first-of-its-kind emissions trading scheme specifically targeting carbon dioxide.

    The initiative is part of a roadmap being deliberated by the SCA to ensure sustainable financial markets complying with world standards and to help the country meet its carbon reductions obligations under the Kyoto Protocol. (Source: UAE Securities and Commodities Authority, Emirates News Agency, Trade Arabia, Others, 30 Jan., 2018) Contact: UAE Securities and Commodities Authority , www.sca.gov.ae/English

    More Low-Carbon Energy News Carbon Emissions,  Climate Change,  Kyoto Protocol,  


    China Welcomes Bonn COP 23 Climate Meeting Results (Int'l)
    COP23,Climate Change
    Date: 2017-11-20
    Reflecting on the just concluded cop23 meeting, China's special representative on climate change affairs, Xie Zhenhua, said that the dialogue on climate change, "while still not 100 percent satisfactory," did succeed in reflecting the concerns of all sides in a balanced manner. Xie Zhenhua added that he hoped developed countries would uphold their Paris Agreement obligations in dealing with climate change.

    "We hope that all sides adhere to the principles of equity, common but differentiated responsibilities, and their respective capabilities, and consider the actual conditions of each country while pushing negotiations on implementing the Paris Agreement," Xie said. He said he also hoped that all sides would speed up ratification of the Doha Amendment that establishes the second commitment period of the Kyoto Protocol, and that developed countries would continue to uphold their obligation to provide funds, technology and capacity-building to developing countries. (Source: Global Times, Xinhua, 19 Nov., 2017)

    More Low-Carbon Energy News COP23,  Climate Change,  

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