Old Coal Mines Can Win a Second Life as Green Energy Hotspots

bloomberg.com

By Rob Verdonck +Follow18 December 2020, 11:14 GMT+7

  •  Study examines turning coal operations into pumped hydro sites
  •  Other projects aim to add wind, solar at shuttered mines
Genex Power’s 50-megawatt solar farm at the disused Kidston mine.
Genex Power’s 50-megawatt solar farm at the disused Kidston mine. Photographer: Genex

Australia is studying plans to transform a disused underground coal mine into a pumped hydro facility, part of a wider effort to reuse retiring fossil fuel sites for renewable energy generation.

Tiếp tục đọc “Old Coal Mines Can Win a Second Life as Green Energy Hotspots”

Unlocking a Renewable Energy Future: How Government Action Can Drive Private Investment

WRI.org

Download full paper here >>

This Working Paper is part of the Clean Energy within our Energy Program. Reach out to Norma Hutchinson for more information.AuthorsNorma HutchinsonMaggie Dennis, Emil Damgaard Grann, Tyler Clevenger, Michelle Manion, Johannes Bøggild and Jennifer LaykePrimary Contacts

LicenseCreative Commons

A renewable energy future is within our grasp: the technology is now widely available and cost-effective in most places around the world. But the current rates of deployment remain well below what is required to avert the worst impacts of climate change. The private sector is poised to invest billions of dollars to massively speed up, scale and support the energy transition. However, many investors, particularly in the private sector, are deterred by some of the risks related to renewable energy investments. As the energy transition is likely to be financed largely by the private sector, governments must work with the private sector to remove barriers and incentivize investment in renewable energy.

This working paper, produced in partnership with Ørsted, focuses on the challenges and solutions to scaling investment in renewable energy generation and provides actionable policy solutions to unlock the private sector investment needed to support the energy transition.

Key Findings

  • The global transition to renewable energy is likely to be financed largely by the private sector, including utility companies, corporations, project developers, and various investment funds.
  • One critical element of the energy transition will be decarbonization of the world’s electricity supply. The needed technology is developing rapidly and the scale of the requisite investment is manageable, but current rates of deployment remain well below what is required to avert the worst impacts of climate change.
  • Challenges that inhibit decarbonization of the power sector fall into three categories: market structure that lacks appropriate incentives to catalyze private investment in new projects, lack of public support for siting renewable energy development, and incompatible or inadequate grid infrastructure.
  • Governments will play a critical role in scaling renewable energy capacity by providing regulatory frameworks and policy solutions to the challenges that are slowing down private sector investment.
  • Top priorities for governments will be to establish renewable energy targets, policies, and market instruments that incentivize and de-risk green energy investments; improve planning and permitting, and address community concerns, while balancing other concerns; and invest in modern electricity grids and infrastructure.

Reshore, Reroute, Rebalance: A U.S. Strategy for Clean Energy Supply Chains

CSIS.org

May 19, 2021DOWNLOAD THE REPORT

Clean energy technologies are now big business. Vast sums of money in clean energy supply chains promise to rearrange the geopolitics of industrial competition and energy security. Further, to achieve their increasingly ambitious climate goals, countries are likely to do far more to reshape industrial sectors, compressing in a few years a process that normally takes decades.

Tiếp tục đọc “Reshore, Reroute, Rebalance: A U.S. Strategy for Clean Energy Supply Chains”

Lessons from Texas Freeze: 5 Ways to Strengthen US Energy Resilience

WRI.org

Even as people are suffering through the harshest winter storm Texas has seen in decades, the reasons for the state’s devastating power grid failure have become a political battleground. While vulnerable people freeze in their homes, pundits snipe about whether wind turbines are to blame. Tiếp tục đọc “Lessons from Texas Freeze: 5 Ways to Strengthen US Energy Resilience”

Analysis: Vietnam’s leadership flex shows how to drive electricity reform

We calculated how much money trees save for your city

theconversation

Megacities are on the rise. There are currently 47 such areas around the globe, each housing more than 10 million residents.

More than half the global population now lives in urban areas, comprising about 3 percent of the Earth. The ecological footprint of this growth is vast and there’s far more that can be done to improve life for urban residents around the world. Tiếp tục đọc “We calculated how much money trees save for your city”

Khủng hoảng kim loại đất hiếm: ngành năng lượng sạch đừng lo lắng

Rare-earth stock prices from 2007 to 2017

“Nguyên tố Đất hiếm” là 17 nguyên tố hóa học với tên gọi lạ lùng và đặc điểm không bình thường. Số nguyên tử của chúng là từ 57-71, 21 và 39. Hai phân nhóm nhỏ hơn, một nhóm là hiếm hơn và vì thế có giá trị hơn nhóm còn lại, có đặc điểm hóa học tương tự, vì vậy chúng thường được tìm thấy và khai thác cùng nhau.

Mặc dù tên gọi là hiếm, đất hiếm không phải là chất hiếm về mặt địa lý nhưng được phân tán rộng khắp lớp vỏ trái đất. Tuy nhiên, đất hiếm được khai thác ở một vài nơi và bởi một vài công ty bởi vì chúng thường không xuất hiện tập trung một chỗ với lượng lớn. Hơn nữa khai thác mỏ ngày càng nhiều chi phí và rủi ro, thị trường đất hiếm trên thế giới không lớn (vài tỷ đô la một năm), dễ bay hơi, phức tạp và bị chi phối bởi Trung Quốc, nơi mà không phải tất cả các mỏ và xuất khẩu khoáng sản đều hợp pháp và minh bạch. Một chuyên gia kết luận rằng khoảng một nửa số đất hiếm được sản xuất trên toàn cầu năm 2015 không nằm trong thống kê chính thức.
Tiếp tục đọc “Khủng hoảng kim loại đất hiếm: ngành năng lượng sạch đừng lo lắng”

Al Gore Trường hợp lạc quan cho biến đổi khí hậu – The case for optimism on climate change

TED

Vietnam solar Power Purchase Agreement is ‘non-bankable’

Vietnam Business Forum said actual development and investment in solar power projects may be limited under current PPA model. Credit: Intel Free PressVietnam Business Forum said actual development and investment in solar power projects may be limited under current PPA model. Credit: Intel Free Press

pv-tech.org_A consortium of international chambers of commerce has advised the Vietnamese government that its draft solar PPA template is “non-bankable” and cannot attract financing for PV in Vietnam, particularly for medium and utility-scale projects, according to documents seen by PV Tech. Tiếp tục đọc “Vietnam solar Power Purchase Agreement is ‘non-bankable’”

Vietnam’s solar energy push draws investors

asia.nikkei_Policy changes spur shift to renewables, with far to go

Vietnam is finally looking at renewable energy options for future generations. © Reuters

HO CHI MINH CITY — Vietnam’s TTC Group is planning to sink about $1 billion into solar energy projects in a country still dependent on coal-fired thermal and hydro power for its power needs, with national electricity demand growing faster than 10% annually.

TTC Group, a sugar, energy and real estate conglomerate, said it plans to build as many as 20 solar parks with a total capacity of 1,000 megawatts by next year. The group executed a number of clean energy projects using sugarcane waste before moving into the solar sector Tiếp tục đọc “Vietnam’s solar energy push draws investors”

Low Costs of Solar Power & Wind Power Crush Coal, Crush Nuclear, & Beat Natural Gas

Cleantechnica

December 25th, 2016 by

 We already published a great article from Nexus Media regarding Lazard’s new report showing the extremely low (and falling) costs of solar power and wind power. However, I’ve been wanting to highlight these awesome new findings since Larmion shared the updated report with us earlier this month, and I want to break out the amazing news in 5 specific ways.

Tiếp tục đọc “Low Costs of Solar Power & Wind Power Crush Coal, Crush Nuclear, & Beat Natural Gas”

Plans for coal-fired power in Asia are ‘disaster for planet’ warns World Bank

Experts have offered stark warnings that proposed power plants in India, China, Vietnam and Indonesia would blow Paris climate deal if they move ahead

 World Bank president Jim Yong Kim said that new coal-fired power plants ‘would spell disaster for us and our planet’.
The World Bank president, Jim Yong Kim, said that new coal-fired power plants ‘would spell disaster for us and our planet’. Photograph: Bloomberg via Getty Images

Waiting for a Rockefeller: Meet the Next `Supermajors’ of Energy

April 4, 2016 — 12:01 AM BST Updated on April 4, 2016 — 6:20 AM BST
  • Dominant global players have yet to emerge in wind and solar
  • Handful of clean-energy companies build `supermajor’ skills

More than a decade after the birth of the modern renewable energy industry, solar and wind await their John D. Rockefeller.

Bloomberg – Clean power remains a tumultuous and fragmented business, crowded with companies grabbing for slices of an emerging market that aspires to reshape how the world meets its energy needs. They rise and fall as technology advances and demand seesaws. Some have grown into sprawling regional players, often propped up by government subsidies. A few, like Suntech Power Holdings Co. and Q-Cells SE, soared to prominence, then all but flickered out.

Yet there are still no companies that dominate the industry. Tiếp tục đọc “Waiting for a Rockefeller: Meet the Next `Supermajors’ of Energy”

Despite Stay, America’s Economy and Climate Need the Clean Power Plan

by and

WRI – Yesterday, the U.S. Supreme Court paused implementation of the Clean Power Plan (CPP) to allow an appeals court to consider a legal challenge from a number of states, corporations and industry groups. That case is being expedited, and a decision is expected by the fall.

Importantly, the Supreme Court’s decision to grant a temporary stay was not based on the legal merits of the CPP, which calls for emissions reductions throughout states’ power sectors. Experts agree that the CPP is on solid legal ground and will prevail. Indeed, previously the Supreme Court not only upheld the EPA’s authority to regulate carbon pollution under the Clean Air Act (which the Clean Power Plan builds upon), the Court found the agency had the obligation to do so to protect Americans’ health.

We expect yesterday’s ruling to be only a temporary time out as the CPP heads to full implementation. As the legal case proceeds, the EPA has indicated it will continue to help states put in place the plans and tools they need to comply with the rule, and the Obama administration has committed to continue taking aggressive steps to reduce emissions and lead in the fight against climate change.

Clean Power Plan: Smart, Balanced and Beneficial

The benefits of the plan are clear, far-reaching and worth fighting for. The CPP offers a smart, balanced approach that will cut dangerous pollution as it drives innovation, creates new job opportunities and improves public health. The CPP is one of the most important near-term tools the United States can use to help reach its goal of reducing emissions 26-28 percent below 2005 levels by 2025. In addition, the plan will make our air safer to breathe by reducing Americans’ exposure to particulate matter and ground-level ozone, benefiting our health and the economy by an estimated $25 billion to $65 billion – far more than the $7 billion to $9 billion cost of compliance, according to the EPA.
Tiếp tục đọc “Despite Stay, America’s Economy and Climate Need the Clean Power Plan”