Renewable Energy in Manufacturing
by Rachel Posner Ross and Evan Scandling
At a time when Vietnam’s electricity demand is surging in response to commercial, industrial, and population growth, a common concern has emerged that rising economic activity will shift carbon emissions from China and other manufacturing hubs to Vietnam. However, our experience through the Clean Energy Investment Accelerator (CEIA) initiative in Vietnam indicates that private-sector demand for renewables has the potential to overcome policy barriers and catalyze significant scaling up of clean energy deployment in emerging markets. Vietnam’s 2019-2020 rooftop solar boom and anticipated surge in wind and solar virtual power purchase agreements for corporate offtakers in 2020 and beyond are the results of public-private collaboration on issues that simultaneously advance government and private-sector interests, offering important lessons for other markets in pursuit of sustainable development.
Vietnam is a developing economy with a population of nearly 100 million and annual GDP growth of 6 to 7 percent, making it one of Asia’s fastest-growing economies, which has been true for decades. Foreign direct investment (FDI) was close to $18 billion in 2018, which accounted for approximately 24 percent of total investment in the economy.1 More than 10,000 foreign companies are estimated to operate or have supply chain manufacturing in Vietnam, including many of the world’s largest companies from a variety of sectors.2 For decades, Vietnam has been home to labor-intensive industries such as apparel and footwear production. Many of the world’s
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This report is produced by the Center for Strategic and International Studies (CSIS), a private, tax exempt institution focusing on international public policy issues. Its research is nonpartisan and nonproprietary. CSIS does not take specific policy positions. Accordingly, all views, positions, and conclusions expressed in this publication should be understood to be solely those of the author(s). © 2020 by the Center for Strategic and International Studies. All rights reserved
Funded by: USAID, US Department off Energy, USEA (US Energy Association)
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Apr 01, 2019, 3 min read, pipeline
What will the liquefied natural gas (LNG) market of tomorrow look like? Today, a number of newer business models have emerged due to rapidly changing dynamics that have impacted the market, including increasing resource availability, new technologies and new sources of demand. Tiếp tục đọc “Technology to impact the future of LNG – Deloitte”
Jul 06, 2020 6 min read, pipeline
By: Sverre Alvik, Energy Transition Program Director, DNV GL
The coronavirus pandemic will have a dramatic impact on energy supply and demand in the short term and will have lasting impacts once the pandemic dissipates. However, that will in itself do little to advance the world’s progress towards the Paris climate ambitions.
Energy use is strongly linked to economic activity, which has, and will continue to be, significantly impacted by the novel coronavirus pandemic: Our energy forecast is predicated on IMF’s longer outbreak scenario, where World GDP will shrink 6 per cent in 2020. The lingering effects of the pandemic will take the wind out of the sails of the world economy for many years – reducing World GDP in 2050 by 9 per cent, relative to pre-pandemic forecasts. Even with slower growth, however, by mid-century the world economy will still be twice its size today. In contrast, energy demand will not grow. In 2050, it will be about the same as it is today, in spite of a larger population and world economy. This is largely due to significant improvements in energy intensity, but also due to the effects of COVID-19. Tiếp tục đọc “The impact of COVID-19 on the energy transition”
by Chris Ross, Executive Professor, Finance, University of Houston and Justin Varghese, MBA Candidate, Bauer College of Business
Liquefied natural gas (LNG) developers and natural gas producers have depended on third parties to create demand for their product. In recent years, LNG market prices have dropped in response to a surge in supplies and roughly two million tons of LNG contracts are set to expire in the next 10 years. Promising new LNG projects cannot be financed and have stalled. Tiếp tục đọc “LNG Projects Have Stalled. A New Business Model Could Help”
Researchers at the National Renewable Energy Laboratory (NREL) have conducted the first global assessment into the most promising approaches to end-of-life management for solar photovoltaic (PV) modules.
PV modules have a 30-year lifespan. There is currently no plan for how to manage this at end of their lifespan. The volume of modules no longer needed could total 80 million metric tons by 2050. In addition to quantity, the nature of the waste also poses challenges. PV modules are made of valuable, precious, critical, and toxic materials. There is currently no standard for how to recycle the valuable ones and mitigate the toxic ones.
Numerous articles review individual options for PV recycling but, until now, no one has done a global assessment of all PV recycling efforts to identify the most promising approaches.
“PV is a major part of the energy transition,” said Garvin Heath, a senior scientist at NREL who specializes in sustainability science. “We must be good stewards of these materials and develop a circular economy for PV modules.”
Tiếp tục đọc “NREL Research Points to Strategies for Recycling of Solar Panels”