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A leading British academic has called for accelerated research into futuristic geo-engineering and a worldwide nuclear power station "binge" to avoid runaway global warming. Peter Wadhams, professor of ocean physics at Cambridge University, said both potential solutions had inherent dangers but were now vital as time was running out. "It is very, very depressing that politicians and the public are attuned to the threat of climate change even less than they were 20 years ago when Margaret Thatcher sounded the alarm. Co2 levels are rising at a faster than exponential rate, and yet politicians only want to take utterly trivial steps such as banning plastic bags and building a few windfarms," he said. "I am very suspicious of using technology to solve problems created by technology, given that we have messed up so much in the past but having done almost nothing for two decades we need to adopt more desperate measures such as considering geo-engineering techniques as well as conducting a major nuclear programme." Geo-engineering techniques such as whitening clouds by adding fine sprays of water vapour, or adding aerosols to the upper atmosphere have been ridiculed in some quarters but welcomed elsewhere. Wadhams proposes the use of thorium-fuelled reactors, being tested in India, which are said to be safer because they do not result in a proliferation of weapons-grade plutonium, experts say. Also, under certain circumstances, the waste from thorium reactors is less dangerous and remains radioactive for hundreds rather than thousands of years. Wadhams, who is also head of the polar ocean physics group at Cambridge and has just returned from a field trip to Greenland, was reacting to evidence that Arctic sea ice cover had reached a record low this summer. This latest rate of loss is 50% higher than most scenarios outlined by other polar scientists and coincide with alarming new reports about a "vast reservoir" of the potent greenhouse gas, methane, that could be released in Antarctica if the ice melts equally quickly there. Greenpeace said last night that it agreed with the academic's concerns but not with his solutions. "Professor Wadhams is right that we're in a big hole and the recent record sea ice low in the Arctic is a clear warning that we need to act. But it would be cheaper, safer and easier to stop digging and drilling for more fossil fuels," said Ben Ayliffe, the group's senior polar campaigner. "We already have the technologies, from ultra-efficient vehicles to state-of-the-art clean energy generation, to make the deep cuts in greenhouse gases that are needed to stave off the worst effects of climate change. Unfortunately, we're still lacking the political and business will to implement them," he added. Wadhams, who has done pioneering work on polar ice thinning using British naval submarines from 1976 onwards, said these latest satellite findings confirmed his own dire predictions. And they feed into the alarming scenarios that the Arctic Methane Emergency Group have been warning about.
A leading British academic has called for accelerated research into futuristic geo-engineering and a worldwide nuclear power station "binge" to avoid runaway global warming.
Peter Wadhams, professor of ocean physics at Cambridge University, said both potential solutions had inherent dangers but were now vital as time was running out.
"It is very, very depressing that politicians and the public are attuned to the threat of climate change even less than they were 20 years ago when Margaret Thatcher sounded the alarm. Co2 levels are rising at a faster than exponential rate, and yet politicians only want to take utterly trivial steps such as banning plastic bags and building a few windfarms," he said.
"I am very suspicious of using technology to solve problems created by technology, given that we have messed up so much in the past but having done almost nothing for two decades we need to adopt more desperate measures such as considering geo-engineering techniques as well as conducting a major nuclear programme."
Geo-engineering techniques such as whitening clouds by adding fine sprays of water vapour, or adding aerosols to the upper atmosphere have been ridiculed in some quarters but welcomed elsewhere. Wadhams proposes the use of thorium-fuelled reactors, being tested in India, which are said to be safer because they do not result in a proliferation of weapons-grade plutonium, experts say. Also, under certain circumstances, the waste from thorium reactors is less dangerous and remains radioactive for hundreds rather than thousands of years.
Wadhams, who is also head of the polar ocean physics group at Cambridge and has just returned from a field trip to Greenland, was reacting to evidence that Arctic sea ice cover had reached a record low this summer.
This latest rate of loss is 50% higher than most scenarios outlined by other polar scientists and coincide with alarming new reports about a "vast reservoir" of the potent greenhouse gas, methane, that could be released in Antarctica if the ice melts equally quickly there. Greenpeace said last night that it agreed with the academic's concerns but not with his solutions.
"Professor Wadhams is right that we're in a big hole and the recent record sea ice low in the Arctic is a clear warning that we need to act. But it would be cheaper, safer and easier to stop digging and drilling for more fossil fuels," said Ben Ayliffe, the group's senior polar campaigner.
"We already have the technologies, from ultra-efficient vehicles to state-of-the-art clean energy generation, to make the deep cuts in greenhouse gases that are needed to stave off the worst effects of climate change. Unfortunately, we're still lacking the political and business will to implement them," he added.
Wadhams, who has done pioneering work on polar ice thinning using British naval submarines from 1976 onwards, said these latest satellite findings confirmed his own dire predictions.
And they feed into the alarming scenarios that the Arctic Methane Emergency Group have been warning about.
Of course, it remains possible that a sick civilization will chose the wrong path once again. "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
however, I remain unconvinced that nuclear is as CO2 neutral as is suggested. You need an awful lot of cement for a nuke power station and none of that is CO2 neutral. The mining and processing of the fuel isn't CO2 neutral and as for the disposal of the waste, god alone knows what the CO2 costs for that will be as nobody has seriously attempted it yet.
But whilst the corporates make more money wrecking the planet, nothing sensible can be done keep to the Fen Causeway
As far as I know, no one's looked at whether there's any significant consequential climate effects from INES7 catastrophes or nuclear conflict; and we still don't have a meaningful probability distribution for those. So lots of uncertainties.
Um, nuclear winter? If you are not convinced, try it on someone who has not been entirely debauched by economics. — Piero Sraffa
If there is a (more obvious) climate catastrophe, a decision could be made to return to the idea of massively centralized nuclear power, with proper security and improved containment. Run by infallible nuclear priests wearing hooded capes, presumably.
The bad thing about that model is that it concentrates the potential disasters into a smaller number of bigger disasters, c.f., Fukushima. The potentially good thing is that this would require a new power distribution grid topology. With suitably clever engineers, unhindered by politicians and economists, the distribution system could possibly be designed to support a short-term nuclear supply system and a long-term distributed and sustainable supply system.
I am strongly opposed to nuclear power, but if you need to make a fast change to an alternative system, I just don't see how else you're going to do it. Increasing the wind penetration from 5% to 75% or so (depending on solar supply) in fewer than two or three decades seems pretty optimistic. Partly because of the construction issue, and partly because of the grid management problems.
Can any sustainable supply be ramped up at the rate this would require?
And can nuclear? If you want to replace fossil fuels, how many nuclear power plants can you build per year? Less than 2.5% of the global production of energy is nuclear. I am amazed that you think it is easier to build nuclear than to build renewables.
You would need a fully developed police state to enforce nuclear. And then there are the much higher costs. Never ever has a nuclear power plant without public subsidies been built. Face it, it is the most dirty, dangerous, and expensive method to produce power imaginable. I don't think we need worry about nuclear any more.
Oh, and to answer your question: yes, if there is the political will, sustainable energy can be ramped up very quickly. More quickly than nuclear, so forget that.
"Hard" means you have to actively manage your grid, instead of just checking up on it every fifteen minutes or so.
Yes, you need balancing capacity that can be ramped up quickly. This is available on a Europe-wide basis these days. In the medium term, e.g. ten years with renewables ramping up as fast as possible, you have plenty of balancing capacity because -- guess what -- all those fossil plants you are displacing still exist, and you can run them to plug the gaps.
To eliminate those fossil plants entirely is perhaps harder, but we don't need to do that in the medium term. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
> Less than 2.5% of the global production of energy is nuclear
...but 13.5% of electricity is.
Why are we all talking about electricity, when that makes up something like a quarter of primary energy use, and (I think) a similar fraction of CO2 emissions?
Nuclear doesn't help much. It produces electricity and heat. And yes, there's a lot of need for low-grade heat that could come from nuclear, if you're prepared to build the piping infrastructure. But what about transport? What about metallurgy, chemical processes?
Conventional power plants grind coal into dust, which is then blown into a boiler. But in Niederaussem, the pulverized coal is first stored in a silo, making it possible to control much more closely the amount that is later fed to the flame. German energy giant RWE originally built the silo in Niederaussem to make fueling its power plant easier. But the German energy revolution has lent the silo system an entirely new dimension. A power plant with a silo can run on a low level if necessary. It can be powered down to 10 percent of its maximum output, a function that's impossible for plants without a silo. Even the most modern conventional facilities can go no lower than 35 percent of maximum performance. Operating at a capacity any less than that requires laboriously keeping the combustion going by burning oil or gas -- an option that's far too expensive. Silos for storing coal dust represent just one of several new technologies that are helping coal-fired power plants shape up for the transition to renewable energy. Time is short. Germany's environmental revolution will mean major upheavals for coal plant operators, and the new electricity supply system will subject them to grim competition. .... This new system leads to ever greater fluctuations in power generation, with output changing with every gust of wind and every cloud that flits across the sun. Hitachi Power, a Japanese company that builds power plants, estimates these fluctuations will double or triple by the end of the decade, while at the same time the demand for electricity from non-renewable sources will drop by half between 2010 and 2020. Soon the demand for electricity will likely no longer be enough to keep all the existing coal-fired plants in business, and those that want to continue selling as much conventionally generated energy as possible in this shrinking market must be able to react quickly to fluctuations in supply and consumption. Once this was something only gas-fired plants were able to do, but coal-fired plants are now preparing to challenge them for the role of a flexible provider that can make up shortfalls. Coal and gas power, once partners, are suddenly becoming competitors in a shrinking market.
Conventional power plants grind coal into dust, which is then blown into a boiler. But in Niederaussem, the pulverized coal is first stored in a silo, making it possible to control much more closely the amount that is later fed to the flame. German energy giant RWE originally built the silo in Niederaussem to make fueling its power plant easier. But the German energy revolution has lent the silo system an entirely new dimension.
A power plant with a silo can run on a low level if necessary. It can be powered down to 10 percent of its maximum output, a function that's impossible for plants without a silo. Even the most modern conventional facilities can go no lower than 35 percent of maximum performance. Operating at a capacity any less than that requires laboriously keeping the combustion going by burning oil or gas -- an option that's far too expensive.
Silos for storing coal dust represent just one of several new technologies that are helping coal-fired power plants shape up for the transition to renewable energy. Time is short. Germany's environmental revolution will mean major upheavals for coal plant operators, and the new electricity supply system will subject them to grim competition. .... This new system leads to ever greater fluctuations in power generation, with output changing with every gust of wind and every cloud that flits across the sun. Hitachi Power, a Japanese company that builds power plants, estimates these fluctuations will double or triple by the end of the decade, while at the same time the demand for electricity from non-renewable sources will drop by half between 2010 and 2020.
Soon the demand for electricity will likely no longer be enough to keep all the existing coal-fired plants in business, and those that want to continue selling as much conventionally generated energy as possible in this shrinking market must be able to react quickly to fluctuations in supply and consumption. Once this was something only gas-fired plants were able to do, but coal-fired plants are now preparing to challenge them for the role of a flexible provider that can make up shortfalls. Coal and gas power, once partners, are suddenly becoming competitors in a shrinking market.
So Yes, in the mid-term, there will be ways to balance the system, and as long as some form of basic intelligence prevails, the goal of drastically lowering CO2 can be accomplished, even by using what's already built and dirty. "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
Suppose you want to shut down all global coal-fired power stations in five years. Can any sustainable supply be ramped up at the rate this would require?
OK, that's a bit of an arbitrary target, but let's see. Using figures from the REN21 Global Status Report 2012, and the IEA.
Coal was about 40% of global electricity, which was around 2500GW, so we'd be looking for about 1000GW of electricity.
PV has been increasing at about 70% a year. Wind at about 30% per year. And that's without global co-ordinated effort. What could be done with such an effort? Shall we double those rates? After all, this is as serious as a World War, and so merits the same sort of industrial response.
Global annual PV production capacity was around 60GW at the start of this year. Global annual wind production capacity was around 50GW or so (hard to be sure). Let's take a PV capacity factor of 15%, and a wind capacity factor of 30%, assuming most deployment in high-yield places. So that gives us a base figure of 9GW of extra electricity from PV, and 15GW from wind, for 2012. Let's see what could be produced for the five years 2013-2017, in terms of additional electricity (not capacity, but mean power) per year:
Total (2013-2017): +1627GW of additional electricity production
So that's easily met the 1000GW, before we've accounted for any extra hydro, and any conversion of coal plant to biomass.
So, it doesn't seem entirely unfeasible, at least at the level of generation.
And how much extra nuclear could we bring on board in that time, assuming planning and design started tomorrow? Well, in round figures, as close to zero as makes no odds. And would you really want anyone living on the same planet as a panic-built nuclear fleet anyway?
Now, maybe you've got additional questions about balancing. But that would need a systems model for the entire world, and that's a decent-sized research project (call it a million Euro, off the top of my head - please send a formal request for quotation to andrew at {my EuroTrib username} dot info ;-). The bottom line is probably going to be something about building a few million gigawatt-km of extra transmission infrastructure, and converting as much of the world's existing storage hydro to pumped-storage as possible, and maybe building a hundred GW of peaking gas plant). I don't yet know how to assess the feasibility of those things.
From a windswept corner of Hokkaido, Japan's northernmost island, Japan Steel Works Ltd. controls the fate of the global nuclear-energy renaissance. There stands the only plant in the world, a survivor of Allied bombing in World War II, capable of producing the central part of a nuclear reactor's containment vessel in a single piece, reducing the risk of a radiation leak. Utilities that won't need the equipment for years are making $100 million down payments now on components Japan Steel makes from 600-ton ingots. Each year the Tokyo-based company can turn out just four of the steel forgings that contain the radioactivity in a nuclear reactor. Even after it doubles capacity in the next two years, there won't be enough production to meet building plans.
There stands the only plant in the world, a survivor of Allied bombing in World War II, capable of producing the central part of a nuclear reactor's containment vessel in a single piece, reducing the risk of a radiation leak.
Utilities that won't need the equipment for years are making $100 million down payments now on components Japan Steel makes from 600-ton ingots. Each year the Tokyo-based company can turn out just four of the steel forgings that contain the radioactivity in a nuclear reactor. Even after it doubles capacity in the next two years, there won't be enough production to meet building plans.
China and South Korea could indeed build more forges and ramp up the supply chain within five years. Then we'd be back to the original blindness that the answer is staring us in the face, but we refuse to see it.
A healthy civilization would want its energy directly from the sun, distributed throughout society, period. Not with 400 million years of poison added on, not with ersatz suns created by a military-technical elite, not with the danger of a "whoops" hanging around for a few thousand years.
But what do eye know? "Life shrinks or expands in proportion to one's courage." - Anaïs Nin
Even if we can conceive of a politician advocating a new nuke near a given village AND being successful at that: the costs. Nukes need a lot of subsidies, they can't be profitable. Who is to (successfully!) argue for these subsidies?
Forget nukes. They are politically dead. As much as I like to give arguments against them (because it is so dead easy and I am by nature lazy), it's not worth it. We are flogging a dead horse.
thing is there's a split in the road coming up for big energy investment/subsidies, one leads to alternative/renewables, the other goes nuke.
germany has a spirited defence against them, so much so even merkel had to fake it, but the rest of europe.... i hope so.
energy costs being so fundamnetal to the sucess of any industrial efforts, no serious investments will happen here in europe until this is resolved, and the obstacle is the lobbying power from the enrgy cartel vested interests, who count on a passive, scared and ignorant public.
as you said upthread, the nuke road will need a police state to ram it down the public throat.
as renewables get cheaper every day, the dark side has to move soon, or the narrative will change too much and they will have lost the bet to nuclearise the planet, using global warming as cudgel to get 'er done. 'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
thing is there's a split in the road coming up for big energy investment/subsidies, one leads to alternative/renewables, the other goes nuke
Not true. There are no serious private investments in nukes, and public ones are decreasing rapidly. The old model of shifting costs and risks to the public, but privatising the profits no longer works for new plants.
The only interesting debate is what to do with old plants. They are written off, that makes them profitable. They clash with renewables though. So, do we want technological stagnation, and exponentially growing risk (from ancient nukes) or do we want innovation, investment in renewables, and a different structure of the producers (large entities or a network of small ones) and the corresponding grid?
So, when you hit your target in terms of renewables capacity, and your fossil plants are only producing say 25% of the electricity they are producing today, you switch the war-mode effort to pumped storage etc... having done the planning carefully in the meantime of course. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
the balancing is provided by the fossil plants you're displacing. You don't need any new peaking gas plants, surely?
But the challenge set by asdf was an end to all coal-electricity within five years. So, I took that to mean no balancing with coal either, at least for this extreme-test scenario.
Yes, you're right that it would be cheaper to have some coal for balancing, in a 10-15 year transition. And in reality, that's what's happening: fossil plants just run with lower capacity factors, and might spend much of the year in mothballs.
I suppose we could have given him some credit if he had said something interesting about marine energy. But as it is ...
As government negotiators from the world's poorest countries ended a round of United Nations climate change talks in the Thai capital, they sounded a grave note about what appears imminent when they assemble in November in Doha - the reading of the last rites of the Kyoto Protocol. "We are concerned that the environmental integrity of the Kyoto Protocol, which is the only international treaty that binds developed nations to lower (greenhouse gas) emissions, and thus our lone assurance that action will be taken, is eroding before our eyes," declared a statement released by the Alliance of Small Island States (AOSIS), the Least Developed Countries (LDCs) and the Africa Group, which represent over a billion people vulnerable to the ravages of extreme weather. Such concern about the fate of the Kyoto Protocol in the capital of Qatar, where negotiators from over 190 countries will gather for a U.N. climate summit, is with reason. The upcoming 18th conference of the parties (CoP 18) will be the last meeting before the clock runs out on Dec. 31for the world's industrialised countries to meet their initial, legally-binding greenhouse gas emission reduction targets and to announce new legally binding cuts for the second period as 2013 dawns. But as analysts who followed the week-long talks in Bangkok noted, the world's richer nations appear determined to walk away from the leadership they have been expected to demonstrate under the Kyoto Protocol, the 1997 treaty, which entered into force in 2005 after nearly a decade of negotiations. Under the Kyoto Protocol, a cornerstone of the U.N.'s international climate change architecture - the Framework Convention on Climate Change (UNFFC) - the world's 37 industrialised nations and the European Union (EU) pledged to reduce their greenhouse gases by five percent, measured against 1990 levels by the end of 2012, when the first phase of the protocol ends. During the climate talks here, which ran from Aug. 30 to Sept. 5, the "Annex 1 countries" as the bloc of industrialised countries are dubbed under the Kyoto Protocol, offered little hope to the developing world that the talks will produce new, legally binding emission cuts that are higher than the prevailing five percent to cover a period from 2013-2020. "The negotiations for the Kyoto Protocol need to be concluded successfully, and that means having the second commitment period in place by the Doha CoP," says Martin Khor, executive director of the South Centre, a Geneva-based intergovernmental policy think tank of developing countries. "It was meant to be revealed at the last Cop in Durban, but it was postponed by a year.
As government negotiators from the world's poorest countries ended a round of United Nations climate change talks in the Thai capital, they sounded a grave note about what appears imminent when they assemble in November in Doha - the reading of the last rites of the Kyoto Protocol.
"We are concerned that the environmental integrity of the Kyoto Protocol, which is the only international treaty that binds developed nations to lower (greenhouse gas) emissions, and thus our lone assurance that action will be taken, is eroding before our eyes," declared a statement released by the Alliance of Small Island States (AOSIS), the Least Developed Countries (LDCs) and the Africa Group, which represent over a billion people vulnerable to the ravages of extreme weather.
Such concern about the fate of the Kyoto Protocol in the capital of Qatar, where negotiators from over 190 countries will gather for a U.N. climate summit, is with reason. The upcoming 18th conference of the parties (CoP 18) will be the last meeting before the clock runs out on Dec. 31for the world's industrialised countries to meet their initial, legally-binding greenhouse gas emission reduction targets and to announce new legally binding cuts for the second period as 2013 dawns.
But as analysts who followed the week-long talks in Bangkok noted, the world's richer nations appear determined to walk away from the leadership they have been expected to demonstrate under the Kyoto Protocol, the 1997 treaty, which entered into force in 2005 after nearly a decade of negotiations.
Under the Kyoto Protocol, a cornerstone of the U.N.'s international climate change architecture - the Framework Convention on Climate Change (UNFFC) - the world's 37 industrialised nations and the European Union (EU) pledged to reduce their greenhouse gases by five percent, measured against 1990 levels by the end of 2012, when the first phase of the protocol ends.
During the climate talks here, which ran from Aug. 30 to Sept. 5, the "Annex 1 countries" as the bloc of industrialised countries are dubbed under the Kyoto Protocol, offered little hope to the developing world that the talks will produce new, legally binding emission cuts that are higher than the prevailing five percent to cover a period from 2013-2020.
"The negotiations for the Kyoto Protocol need to be concluded successfully, and that means having the second commitment period in place by the Doha CoP," says Martin Khor, executive director of the South Centre, a Geneva-based intergovernmental policy think tank of developing countries. "It was meant to be revealed at the last Cop in Durban, but it was postponed by a year.
The world's only global system of carbon trading, designed to give poor countries access to new green technologies, has "essentially collapsed", jeopardising future flows of finance to the developing world.Billions of dollars have been raised in the past seven years through the United Nations' system to set up greenhouse gas-cutting projects, such as windfarms and solar panels, in poor nations. But the failure of governments to provide firm guarantees to continue with the system beyond this year has raised serious concerns over whether it can survive.A panel convened by the UN reported on Monday at a meeting in Bangkok that the system, known as the clean development mechanism (CDM), was in dire need of rescue. The panel warned that allowing the CDM to collapse would make it harder in future to raise finance to help developing countries cut carbon.Joan MacNaughton, a former top UK civil servant and vice chair of the high level panel, told the Guardian: "The carbon market is profoundly weak, and the CDM has essentially collapsed. It's extremely worrying that governments are not taking this seriously."The panel said that governments needed to reassure investors, who have poured tens of billions into the market, by pledging a continuation of the system, and propping up the market by toughening their targets on cutting emissions, and perhaps buying carbon credits themselves.Governments have a last chance to restore confidence in the system when they meet in Qatar this December to discuss climate change. But few participants hold out any hope that they will agree to toughen their 2020 emissions targets, which are scarcely even on the agenda. Instead, governments are focusing on drawing up a new climate change treaty by the end of 2015, which would stipulate emissions cuts for the period after 2020.
The world's only global system of carbon trading, designed to give poor countries access to new green technologies, has "essentially collapsed", jeopardising future flows of finance to the developing world.
Billions of dollars have been raised in the past seven years through the United Nations' system to set up greenhouse gas-cutting projects, such as windfarms and solar panels, in poor nations. But the failure of governments to provide firm guarantees to continue with the system beyond this year has raised serious concerns over whether it can survive.
A panel convened by the UN reported on Monday at a meeting in Bangkok that the system, known as the clean development mechanism (CDM), was in dire need of rescue. The panel warned that allowing the CDM to collapse would make it harder in future to raise finance to help developing countries cut carbon.
Joan MacNaughton, a former top UK civil servant and vice chair of the high level panel, told the Guardian: "The carbon market is profoundly weak, and the CDM has essentially collapsed. It's extremely worrying that governments are not taking this seriously."
The panel said that governments needed to reassure investors, who have poured tens of billions into the market, by pledging a continuation of the system, and propping up the market by toughening their targets on cutting emissions, and perhaps buying carbon credits themselves.
Governments have a last chance to restore confidence in the system when they meet in Qatar this December to discuss climate change. But few participants hold out any hope that they will agree to toughen their 2020 emissions targets, which are scarcely even on the agenda. Instead, governments are focusing on drawing up a new climate change treaty by the end of 2015, which would stipulate emissions cuts for the period after 2020.
A federal carbon cap-and-trade program is dead for the foreseeable future. So is a once-promising national clean energy standard. With climate policy paralyzed in Washington, a number of leading U.S. corporations are going it alone, squeezing big reductions of climate-changing emissions from their operations and supply chains. With stakeholder criticism and other pressures building, more and more are also releasing rigorous climate data in their financial reports and enlisting third-party firms to make sure it is accurate. "We do it because it makes good business sense--whether it's top of the fold [politically] or not," said Wayne Balta, vice president of corporate environmental affairs and product safety at IBM. The world's biggest computer services provider is on track to slash its electricity use by 20 percent by the end of this year from 2008 levels. It will also cut its energy-related greenhouse gas emissions by 16 percent from 2005 levels--four percent above its original goal. Earlier this year, the firm won one of the U.S. Environmental Protection Agency's first-ever Climate Leadership Awards. Balta said that key to those reductions were efficiency upgrades in more than 360 buildings and data centers, which were achieved with the help of 40 full-time energy management professionals. He would not say how much the climate initiatives cost.
A federal carbon cap-and-trade program is dead for the foreseeable future. So is a once-promising national clean energy standard.
With climate policy paralyzed in Washington, a number of leading U.S. corporations are going it alone, squeezing big reductions of climate-changing emissions from their operations and supply chains. With stakeholder criticism and other pressures building, more and more are also releasing rigorous climate data in their financial reports and enlisting third-party firms to make sure it is accurate.
"We do it because it makes good business sense--whether it's top of the fold [politically] or not," said Wayne Balta, vice president of corporate environmental affairs and product safety at IBM.
The world's biggest computer services provider is on track to slash its electricity use by 20 percent by the end of this year from 2008 levels. It will also cut its energy-related greenhouse gas emissions by 16 percent from 2005 levels--four percent above its original goal. Earlier this year, the firm won one of the U.S. Environmental Protection Agency's first-ever Climate Leadership Awards.
Balta said that key to those reductions were efficiency upgrades in more than 360 buildings and data centers, which were achieved with the help of 40 full-time energy management professionals. He would not say how much the climate initiatives cost.
Like just about everything else, the system was predicated on unbroken economic growth. At the slightest downturn, the price of carbon takes a nosedive as big industry slows down. No mechanism exists to take the surplus carbon allowances off the market. The EU can either decide to move on this, in the next couple of months, or it's game over.
The efficacy of the carbon market, when it works, can be illustrated by the pair of graphs on page 61 of this document (pdf). It compares electricity generation by technology in April 2011 and April 2012. It illustrates the merit order effect, with coal taking market share from gas, with lower carbon costs tipping the balande. It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II
New computer models suggest there could be many more habitable planets out there than previously thought. Scientists have developed models to help them identify planets in far-away solar systems that are capable of supporting life. Estimates of habitable planet numbers have been based on the likelihood of them having surface water. But a new model allows scientists to identify planets with underground water kept liquid by planetary heat. The research was presented at the British Science Festival in Aberdeen. Water is fundamental for life as we know it. Planets too close to their sun lose surface water to the atmosphere through evaporation. Surface water on planets located in the more frigid distant reaches from their sun is locked away as ice. The dogma was, for water to exist in its life-giving liquid form, a planet had to be the right distance from its sun - in the habitable zone. As Sean McMahon, the PhD student from Aberdeen University who is carrying out the work explained: "It's the idea of a range of distances from a star within which the surface of an Earth-like planet is not too hot or too cold for water to be liquid.
New computer models suggest there could be many more habitable planets out there than previously thought.
Scientists have developed models to help them identify planets in far-away solar systems that are capable of supporting life.
Estimates of habitable planet numbers have been based on the likelihood of them having surface water.
But a new model allows scientists to identify planets with underground water kept liquid by planetary heat.
The research was presented at the British Science Festival in Aberdeen.
Water is fundamental for life as we know it.
Planets too close to their sun lose surface water to the atmosphere through evaporation.
Surface water on planets located in the more frigid distant reaches from their sun is locked away as ice.
The dogma was, for water to exist in its life-giving liquid form, a planet had to be the right distance from its sun - in the habitable zone.
As Sean McMahon, the PhD student from Aberdeen University who is carrying out the work explained: "It's the idea of a range of distances from a star within which the surface of an Earth-like planet is not too hot or too cold for water to be liquid.
We'll be needing a new one soon.
The Russian Federation's state nuclear energy corporation Rosatom hopes to win a contract to help realise a prospective nuclear plant in Poland. "Rosatom wants to participate in the tender for the construction of a nuclear power plant in Poland," Sergei Boyarkin, engineering projects manager at Rosatom, told the Polish Press Agency. Boyarkin revealed his hopes at the XX Economic Forum in Krynica, southern Poland. "If Poland launches a tender, we are ready to present our offer, but we are waiting for the conditions of the tender," Boyarkin said. The current Polish government is aiming for a nuclear plant to be built by 2023. Four Polish state-controlled companies signed a preliminary deal on Wednesday, agreeing to share the brunt of the costs of construction of the plant (PGE, Tauron, KGHM and Enea). However, it is unlikely that the general contractor for the construction will be appointed before 2014. French and American companies have also voiced an interest. Meanwhile, although a short-list of potential sites for a nuclear power plant was presented in November 2011, the ultimate location has not been confirmed. The three prospective locations are all near the Baltic Sea - in Mielno, Zarnowiec and Choczewo, although the government faces potential stumbling blocks in winning over public opinion.
"Rosatom wants to participate in the tender for the construction of a nuclear power plant in Poland," Sergei Boyarkin, engineering projects manager at Rosatom, told the Polish Press Agency.
Boyarkin revealed his hopes at the XX Economic Forum in Krynica, southern Poland.
"If Poland launches a tender, we are ready to present our offer, but we are waiting for the conditions of the tender," Boyarkin said.
The current Polish government is aiming for a nuclear plant to be built by 2023.
Four Polish state-controlled companies signed a preliminary deal on Wednesday, agreeing to share the brunt of the costs of construction of the plant (PGE, Tauron, KGHM and Enea).
However, it is unlikely that the general contractor for the construction will be appointed before 2014. French and American companies have also voiced an interest.
Meanwhile, although a short-list of potential sites for a nuclear power plant was presented in November 2011, the ultimate location has not been confirmed.
The three prospective locations are all near the Baltic Sea - in Mielno, Zarnowiec and Choczewo, although the government faces potential stumbling blocks in winning over public opinion.
Like former Barclays chief executive Bob Diamond, the bosses of Glencore and Xstrata are a breed apart. These mining and commodities trading giants, which are in the midst of a £37bn merger, have ridden an extraordinary boom in demand over the last 10 years and creamed off much of the profits for themselves and their shareholders.Based offshore and paying little tax, Glencore orchestrates a business that few people would understand, least of all politicians who must judge whether the merger creates a monopolistic industry. Exotic derivatives and super-fast computer systems are deployed to maximise profits. Like the bankers, commodities traders argue their sophisticated systems enhance the smooth working of market capitalism. For those not in the habit of reading business pages, here are five reasons why you should care about this merger.1. Pay and wealthBankers once enjoyed the salaries and bonuses commanded by mining company bosses. Mick Davis, the Xstrata chief executive, is already the best paid boss in FTSE 100, taking home £18.5m last year. Until last week, when the merger was still friendly, he was due to receive a £30m golden handcuff to keep him at his desk. Now Glencore boss Ivan Glasenberg, who owns a £5bn stake in his company, has performed an extraordinary U-turn. He has upped his offer for Xstrata and made Davis's exit a condition of the deal, though Davis will likely leave with £8m in cash and £38m in shares.The two men are well known to each other. Davis and Glasenberg met at the University of Witwatersrand in South Africa and decided to cement their already strong business relationship into a merger of the two companies over a dinner in London last December.2. FoodDroughts and floods have damaged this year's food harvest, though conflicting reports of the overall effect on global stocks often make it difficult to fathom the shortfall.Nevertheless, foodstuff prices are already up more than 20% since the spring and trading is frantic as a glut of panicky stories flood the media. Soybean prices are above the peak reached in the last food crisis in 2008.Glencore has grown over 20 years to be one the biggest food traders in the world, dominating the trade in wheat, maize and barley, edible oils and sugar. The head of Glencore's food trading business created a storm when he said last month that the chronic drought affecting the US midwest would be "good for Glencore" because it would be able to exploit soaring prices.
Like former Barclays chief executive Bob Diamond, the bosses of Glencore and Xstrata are a breed apart. These mining and commodities trading giants, which are in the midst of a £37bn merger, have ridden an extraordinary boom in demand over the last 10 years and creamed off much of the profits for themselves and their shareholders.
Based offshore and paying little tax, Glencore orchestrates a business that few people would understand, least of all politicians who must judge whether the merger creates a monopolistic industry. Exotic derivatives and super-fast computer systems are deployed to maximise profits. Like the bankers, commodities traders argue their sophisticated systems enhance the smooth working of market capitalism. For those not in the habit of reading business pages, here are five reasons why you should care about this merger.
1. Pay and wealth
Bankers once enjoyed the salaries and bonuses commanded by mining company bosses. Mick Davis, the Xstrata chief executive, is already the best paid boss in FTSE 100, taking home £18.5m last year. Until last week, when the merger was still friendly, he was due to receive a £30m golden handcuff to keep him at his desk. Now Glencore boss Ivan Glasenberg, who owns a £5bn stake in his company, has performed an extraordinary U-turn. He has upped his offer for Xstrata and made Davis's exit a condition of the deal, though Davis will likely leave with £8m in cash and £38m in shares.
The two men are well known to each other. Davis and Glasenberg met at the University of Witwatersrand in South Africa and decided to cement their already strong business relationship into a merger of the two companies over a dinner in London last December.
2. Food
Droughts and floods have damaged this year's food harvest, though conflicting reports of the overall effect on global stocks often make it difficult to fathom the shortfall.
Nevertheless, foodstuff prices are already up more than 20% since the spring and trading is frantic as a glut of panicky stories flood the media. Soybean prices are above the peak reached in the last food crisis in 2008.
Glencore has grown over 20 years to be one the biggest food traders in the world, dominating the trade in wheat, maize and barley, edible oils and sugar. The head of Glencore's food trading business created a storm when he said last month that the chronic drought affecting the US midwest would be "good for Glencore" because it would be able to exploit soaring prices.
Read in whole...
Tax is a big issue too, but there's an ongoing record of corruption involving organisations based there and Europe needs to end that immunity.
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