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Concentration of CO2 in the Atmosphere

May 12 Green Energy News

Economics and finance:

  • There were 6.5 million people employed in the renewable energy sector worldwide in 2013, a 14% rise from 5.7 million a year earlier, according to a new report by the Abu Dhabi-based International Renewable Energy Agency. [Utilities-ME.com]
  • Global consulting firm PwC says the utility industry is about to go through an unprecedented and rapid transition as dramatic as that which affected other industries. The key is the emergence of enabling technologies such as rooftop solar, and its cheap electricity. [CleanTechnica]

Science and Technology:

  • Manufacture of a new black silicon wafer can reduce the cost of manufacture by 23.5%. The pilot manufacturing batches produced wafers of 15.7% efficiency, and this is expected to improved with mass production, becoming about the same as current production wafers. [CleanTechnica]
  • Indoor vertical farms are on the rise, thanks partly to new high efficiency LED growing lights that cut electricity costs to the bone. LED farming translates into new opportunities for siting year-round hyperlocal, organic farm-to-table operations, sustainably powered. [CleanTechnica]

World:

  • A new study by ROAM consulting shows that future power prices will be lower with Australia’s Renewable Energy Target in place than they would be if it was removed. The RET is minimizing the costs of generating power with natural gas. [EcoGeneration]
  • A new report from the University of East Anglia says the UK government is not doing enough to support the growing number of communities wishing to install wind turbines, solar panels and other renewable energy technologies. [Business Green]
  • A new report published by the International Energy Agency says electricity is set to rival oil as the power behind the global economy in the 21st century, but a huge decarbonisation effort will be necessary to limit emissions, and the “overall picture of progress remains bleak.” [Business Green]
  • The National Bank of Canada will provide Canadian Solar with C$115.5 million in short-term construction financing to help build three solar power projects in Ontario, Canada, totaling 30 MW alternating current. [SmartMeters]
  • Energy ministers and senior energy officials from 24 countries, including Saudi oil minister Ali Al-Naimi and US Energy Secretary Ernest Moniz, are meeting in Seoul for two days to discuss how to reduce fossil oil consumption and promote renewable resources. [Platts]

US:

  • The last snow survey this year (taken just last week) showed that California snowpack was just 18% of normal. According to the U.S. Drought Monitor, 100% of California is now in moderate to exceptional drought. The drought is expected to continue with climate change. [Energy Collective]
  • Governor Andrew Cuomo announced that $285 million will be available in the form of rate incentives to decrease demand by up to 125 MW in New York City and Westchester, the county just to the north of the city, using combined heat and power systems. [Energy Collective]

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