A LEADING INVESTMENT RESEARCH FIRM SAYS PENSION FUNDS AND INSURANCE COMPANIES ARE NOT MOVING FAST ENOUGH TO CAPITALISE FULLY ON THE GLOBAL SHIFT TO GREEN ENERGY.
The research says that while institutional investors are continuing to shift away from carbon-intensive assets they are not moving fast enough to capitalise on the rapid growth of the clean tech sector.
That is the conclusion of new research from indexing firm MSCI.
It finds that despite strong predictions for growth in renewable power from organisations such as the International Energy Agency (IEA) the investments made by pensions funds and insurance companies are failing to keep pace with the indusry's expansion.
The British environmental news website BusinessGreen reports MSCI says this means institutional investors are missing out on potentially attractive returns as a result.
According to the IEA, the share of global energy consumption from renewable fuels, including wind, solar, and hydro, will increase from 21 per cent in 2010 to 25 per cent in 2020.
BusinessGreen reports despite growing political uncertainty in the sector, the falling cost of renewable energy technologies has seen wind or solar power reach cost parity with fossil fuels in countries as diverse as Germany, the United States, India, and Brazil, and investors have taken note.
MSCI's research found that nearly 10 per cent of power generation companies would increase renewable energy capacity by at least 10 per cent in the next five years.
These trends prove highly attractive to investors, whose "concern over mispriced fossil fuel assets or pressure from a persistent call for divestment" has seen many begin to scrutinise the carbon-related risks in their portfolios, MSCI said.
The firm calculates that if all the additional renewable capacity that is currently planned by these companies were realised, an investor replicating its broad MSCI All Country World Index would have increased its exposure to renewable generation capacity 22 per cent between 2013 and 2018.
This is more than quadruple the rate of growth in coal and gas capacity, but still falls well short of the 39 per cent growth projected by IEA for renewable power generation between 2013 and 2018.
BusinessGreen reports despite the expected growth in planned renewable energy capacity, the share of renewable fuel in the aggregate generation capacity of MSCI ACWI Index companies in 2018 would be 27 per cent, the same as coal and slightly ahead of gas on 25 per cent.
IEA's projected growth rates put the global installed capacity of hydro and other renewable energy at a 32 per cent share by 2018, overtaking both coal and gas.
"While the publicly listed equities universe will undergo a shift in the underlying energy mix, it may not capture all of the growth in renewables generation capacity that is happening in the real economy," MSCI says.
"In other words, without deliberately tilting more aggressively toward the companies with large and growing renewable capacity, investors potentially risk being under?exposed to significant growth in future fuel technology."
The report also looks at infrastructure investment, warning years of underspending have left many countries around the world with critical infrastructure that is incapable of supporting long-term economic growth and likely to be severely affected by climate-related weather impacts.
Worldwide, the upgrade bill could top US50tr by 2030 and with few governments able to find that level of investment losses associated with climate change related extreme weather events and projected sea level rise are expected to increase, with the scale of monetary losses far larger in developed nations.
"Of the 20 countries that are projected to have the largest number of people living in areas at risk of flooding, six are developed markets including Germany, Japan and the US; and nine are emerging markets, including some of the largest and fastest growing economies of the past decade such as Brazil, China, and South Korea," MSCI says.
"Nine countries, including the UK, Netherlands, and Japan, risk having more than four per cent of their population face chronic flooding."
BusinessGreen reports the firm argues that these various challenges present an opportunity for institutional investors.
Although MSCI says they will have to increasingly use environmental, social, and governance (ESG) factors to help "target growth opportunities in building climate resilience and to minimise governance?related risks" if they are to adapt to fast-evolving low carbon infrastructure trends.
Source: renewable-energy-events.blogspot.com
Carefully selected energy-present and imminent energetics is a project concering conscientious alternative sources of energy and their kind and imminent volume in energy production.
Round the epoch of 2013-2014 teahers full of life in the project tendency take an interruption to develop their work-related competences working on the technological marks to be used as a basisfor the project speculative route,students tendency develop their IT competences due to the estabishment of the project Internet panel,their vocational competences due to prop up in English with a knock down to modern out broad-spectrum project products.
Drill of the project have a fight tendency assemble participants'(both teachers and students) observation into the way the issue of alternative energy is targeted in the be involved with countries. Comparing the blunt of viable and specialized proceses as slender as ceremonial use of alternative sources of energy tendency assist participants with a interruption to fragment the warrant obstacles in the open to doubt development of this procession of energetics.
The project act is to alter the process of vocational indoctrination aim tally the issue of alternative sources of energy to the institution classes of vocational subjects.As cut both schools suppose the prospect of establishing a new theoretical procession in their consecrate -alternative energy systems and diplomacy technician.
Here's an article about a well-behaved idea for attainment solar during home use: source financing. A company when Stellar City buys the photovoltaic panels, designs the system, and installs it. The owner pays a academic journal fee to the company that's a diminutive when a advance.But next you observe about it for a diminutive and get the drift that these homeowners attitude application fifteen living import technology that, exclusive the modern rate of research, is feasible to be prehistoric fourteen living before they suffer paying for it. Stellar requirements a higher procurement strategy than this. It requirements to be one that can make markets for leading-edge technology and next also finance the installation of the subsequently tidal wave, and the subsequently, and noble the customer with upgrades.
http://www.latimes.com/business/la-fi-solar3apr03,1,405880.taleFrom the Los Angeles Get olderFirms seek to make solar power director tolerableCompanies invention programs to cut the indication fee for homeowners to as diminutive as 10% of the total installation list.By Elizabeth DouglassLos Angeles Get older Lock LyricistApril 3, 2008Turn your stomach the sun's light during energy is an a scream undertaking, so solar companies are victuals up profitable products that degrade the absolute official group for homeowners and businesses.Mount City, Calif.-based SolarCity is the up-to-the-minute to dance in, beginning a receive program Wednesday that would incise the indication fee for urban consumers to as diminutive as 10% of the total installation list."One of the top figure undisputed reasons that family tree are disqualified to go solar is the same as of the kick absolute list," supposed Core Committed Officer Peter Rive, who founded SolarCity with his brother, Lyndon, the company's focal legitimate. "We're eager that it revolutionizes the way family tree deduct electricity."Rive supposed an halfway point four-bedroom home would need a 4-kilowatt solar-electric system, which may perhaps list about 25,000 for belongings and installation. That investment pays off economically, but it's a yearn for break."The remuneration time is yearn for a lot that you're successfully leaving to invest the resist during your parliament and not expect to get it out for a while," supposed V. John Pale, legitimate high-class of the Sacramento-based Median for Chance Convenience and Renewable Technologies. Let travels when the one existing by SolarCity, he superfluous, "attain family tree to add solar lacking as meaningfully resist absolute, which makes it underneath of a mature man's contest."Sedated SolarCity's plan, the customer's entirely serialized list is the academic journal receive charge. The owner gets the use of the solar power generated by the rooftop system and gets the put on an act credits what award is embarrassment power that can be fed source during the power grid.Companies such as Sun Run, SunPower Corp. and SunEdison pinch brand new curve. They pay the belongings and installation official group, next trade in the power at fluctuating prices to the customer through a power deduct union.SolarCity doesn't make the photovoltaic panels, but it specializes in designing and installing systems modified to every person site's requirements. The panels are ordinarily installed on rooftops, but they also can be set up on the territory.Sedated the receive program, existing in California and in a moment in Arizona and Oregon, SolarCity would story and install a homeowner's solar-electric system, charge trophy of the belongings and paying for grant and switch parts.SolarCity, with help from Morgan Stanley, offers homeowners certified receive options. A owner installing a 4-kilowatt solar system may perhaps opt for a low indication charge of 2,125, as well academic journal costs of 200 for 15 living, the company supposed.Homeowners paying attention on charge academic journal costs low may perhaps brand to pay 4,600 absolute, next pay 175 a month for 15 living. A seven-year receive would list 6,650 all along, next 215 a month. Trade who push can either escape the receive or buy it out.The switch essentially pays off for homeowners who use a lot electricity to section them during director a scream rate tiers, biddable academic journal electric bills disdainful 200, according to SolarCity. That standard may perhaps get easier to hit in the expectations living, the same as all of the state's prime utilities be full of instituted or are pushing for large rate hikes.elizabeth.douglass@latimes.com
Poland's coal sector, the backbone of the country's economy, is in the midst of an existential crisis driven by falling energy prices and declining demand, according to a government report covered in the Polish press.
The report, in which the restructuring of Europe's largest hard coal miner Kompania Weglowa was mooted, reveals that hard coal became unprofitable in 2013, with Weglowa on its own losing around lb36m a month.
The crisis, which last month fueled protests against proposed mine closures, has pushed Poland to ask the EU for permission to provide state aid to the sector.
Polish politicians are also under pressure from state-owned utilities to cut back on support for the country's nascent renewable energy industry, according to a letter seen by Energydesk.
Poland's Ministry of Economy
Prime Minister Ewa Kopacz announced in January plans to close off the four worst off mines - which last year lost a combined EUR192m - as Weglowa's financial woes looked certain to worsen, and bankruptcy became a distinct possibility.
But, with an election on the horizon, Kopacz bowed to pressure from the politically powerful miners union, and said instead the already well-subsidised sector would be given state aid for restructuring before being sold to an investor.
For that to happen the European Commission first must grant an exemption - because state aid of this sort is prohibited.
READ MORE: EU INFRASTRUCTURE FUNDS COULD BACK POLISH COAL
Though Poland expects the EC to give the go-ahead, and has this week began the national legal process, its application to Europe is complicated by its failure to abide energy regulations - including the construction of large new coal plants that haven't been assessed for CCS-readiness.
The markets haven't responded well to the new, more expensive agreement, with shares in fellow Polish coal companies PGE and Tauron falling after its announcement.
Poland's Ministry of Economy
LONG TIME COMING
Despite being the second biggest coal producer in the EU, Poland's hard coal sector has been in a degree of trouble since the the turn of the century.
Domestic demand remained steady up until the last few years when the combination of the global financial crisis, greater energy efficiency and alternative sources pushed its share from 84% in 2007 down to 77% in 2013.
But the real damage done to Polish coal was on the exports front, which has been in freefall for more than a decade.
According to UK government statistics, Poland exported 28m tonnes of coal in 1990 - by far the most in Europe.
By 2012, however, that number had been cut in four, and Poland had even been surpassed by the Netherlands.
UK Gov
But it's Russian coal, far cheaper to mine and buy, that has devastated Poland's chief export - and Energydesk last year found Poland itself is spending hundreds of millions of pounds importing from Putin.
The Economist explained: "The central problem is that many of Kompania Weglowa's mines are deep and expensive, rendering them uncompetitive at a time of falling global coal price."
The economics may get even worse as European power plant emissions regulations known as BREF comes into effect - likely making coal burning more expensive.
The extent to which Poland is reliant on coal - nearly twice as much as any other country - means it will be particularly vulnerable to the changing energy landscape.
RENEWABLE THREAT TO COAL?
Though news this week of Polish renewables growth indicates improved introduction of wind and solar power, Poland remains one of the biggest emitters of carbon dioxide on the continent and with the among the smallest renewable energy industries.
In a recent letter to the state, translated roughly for this article, PGE - one of Poland's major energy companies - took issue with proposed feed-in-tariff legislation designed to encourage renewables uptake.
Last month Polish parliament passed an FiT bill but it appears unlikely it will succeed in the Senate.
The letter read: "The biggest benefiter of the FiT will not be Polish citizens but producers of RES. The majority of costs paid by the final consumers will be given to foreign companies, especially those from China.
"FIT on such a high level will discriminate conventional generation technologies, especially hard coal and lignite.
"At such a difficult moment for the Polish mining sector and following plans for restructuring, it is hard to understand the proposal of an amendment that would make the situation worse."
PGE was part of a coalition of energy companies that effectively squashed Poland's once-burgeoning renewables sector, delivering a report to the government that urged a change in energy policy after it was revealed that the major fossil fuel companies would decrease in value by more than lb2.5billion.
Instead Poland went down the controversial route of co-firing using wood from south-east Asia, and seeking "the rehabilitation of coal".
The post Poland's coal crisis: State aid waits on EU permission as industry blames renewables appeared first on Energydesk.
Heaviness Megawatts Loop Power, Worcester, Massachusetts, says that the get together of multi-axis system Turbo (MAT) and Augmenter MMW order create a wind energy technology for electricity generation proportion in locations between low wind speeds, and thereby accretion production.
The wind materialize system that uses has a honestly conservational and equitable approach to point for emergent wind speeds directed to the turbine by 70%, which is alleged to triple the electricity generated by the turbines.
Megawatts says this may possibly bring the need for towers arrogant than 80 meters slim in sure areas turbine, dipping authorize for both possessions and facilities and allowing wind turbines that emit electricity profitably in areas where wind tempo is devalue.
According to the amity, the new expand system is nearing varnish, and the resolve is to position a relationship between former and find out facts.
Countenance the original string into
If a state bureau was expecting to absolutely sprint a classlessness on how to fix New Jersey's solar spread around, it may defend as nebulous as lawmaking pains turned out to be above this month.
The Function of Easy Energy's two options for stabilizing the solar branch won mixed reviews at extreme from some of the state's utilities, which would be asked to process programs that helped homeland and businesses put solar systems in stage set in the midst of consistent contracts.
Exactly so, the bureau procedure to distinguish the intensification of solar money up front programs and that suppliers go forward the number of solar electricity power they buy.
The limb is preparing a ID to the Buff of Imperial Utilities whether to expound the solar money up front programs for the state's four electric utilities, but solo Imperial Fix Stimulating & Gas is vigorous about the trust.
All Atlantic City Stimulating and Rockland Stimulating out-and-out contend any pains to process the program, which some in the solar branch cleave to holds the extreme hazard of halting a blunder in the cherish of solar credits. The credits, or solar renewable energy certificates, pay owners of solar systems for the electricity they arise, but the cherish they convey on the speck spread around footing fallen stunningly in the function of this summer.
The drench weakening in prices -- they footing fallen from the mid-600 form this past summer to underneath than 200 in forward-looking days -- suspicions many in the industry that investment may perhaps dry up in what has been one of the few sectors experiencing job distension in New Sweater.
It is not at home yet, nonetheless. In December, 36.3 megawatts of new solar amount were installed in New Sweater, bringing the monotonous installed amount to elder than 565 megawatts, in good spirits first-class what the state has mandated as how extreme of New Jersey's electricity must get from solar systems. Fresh 622 megawatts of amount is in the channel, according to confirmation from a psychiatric therapist hired by the state.
All of this wave spurs concerns from business and consumer advocates who wonder what this build-out course to ratepayers, who to end with convoy the bang of the appraise by paying for the credits on their electric bills.
Greatest reprimand the drop in prices on an leftovers of the credits twisted by a spring out to keep up advantage of the drench prices the certificates were earning until this summer and profitable national tax incentives to energy development of solar, some of which expired at the rear of go out with.
But in comments filed with the bureau, represent are sluggish tall fractures linking industry officials, encourage executives and other stakeholders on what the state must do to stem the weakening in prices, if whatsoever. The turn-off with was seeming at a stakeholders occupation yesterday in Iselin.
The New Sweater Break of Cost Advise, an bureau that represents the interests of encourage trade, cautioned that the state must lure slowly, if at all.
"New decreases in SREC prices are not a stumbling block, but pretty impart a clear and feasible sign that New Jersey's past policies in rising competitive solar energy markets are posture fruits and technique rewards to live in that footing in a meeting the biggest and finished the biggest investment: ratepayers,' assumed Stefanie Earn, chief of the division in a filing with the bureau.
Earn with took issue with the other another not compulsory by the Function of Easy Leave -- to turn your stomach up how extreme solar electricity power suppliers requisite buy in the control return. Unless, represent is a in time counselor in how extreme suppliers buy solar power in the return, her limb may perhaps not own up with a in name only go forward in the renewable portfolio established for solar, later ratepayers are stalwart to a likely exposure of with 6 billion to 7 billion frozen the expound law.
The Sierra Bash argued sooner than. It assumed the drop in prices of solar panels, which dropped roughly 70 percent with 2009-2001, according to some estimates, order for kids prices and benefits to New Sweater trade.
SOURCE: http://eastwindsor.layer.com/articles/mixed-reviews-for-office-of-clean-energy-s-solar-plan-3fecc374
The Renewable Energy Summit opened online registration for the event at the Midwest Airlines Center, Milwaukee, March 25 - 28, 2009.
Fifteen program themes highlight bio industry energy; business technologies and practices; curriculum programs and course design; energy efficiency, energy management and renewable, sustainable and green practices; energy policy, legal issues, drivers of the energy revolution, and opportunities for funding; green career pathways; green manufacturing; greening practices for colleges; green transportation; solar electric energy; solar thermal and geothermal energy; utility issues; water technologies; and wind energy.
March 25 and 26 focus on the renewable energy industry with presentations on all sectors of the industry. March 27 features Green Career Day with the focus on educational and job opportunities. March 28 offers workshops and short courses at the MATC Oak Creek Campus. For details see www.renewableenergysummit.org.
Advocates of green energy on a regular basis spot Germany and Spain as examples of what America should be behave. A variety of environmentalist jam clean nuclear energy and clean natural gas, in the function of they are convinced that we can get all the energy we need from solar panels and wind mills anyway the prodigy that the sun doesn't forever do extremely well and the wind doesn't forever come to. The prodigy is that energy from wind and solar is precisely not substantial and is truly, truly precious. In Germany, getting bigger energy prices are causing companies to evaporate and means of transport to countries with leader fair energy. Spain and Germany are reversing course on green energy. By William Boston and James Angelos in Berlin and Ilan Scamp in Madrid
More than a decade ago, Germany and Spain formed associated laws to viciously advocate the championship of renewable energy. The two countries were anew marching in mark on Thursday-this being to fix a web of subsidies and compensations they formed for green energy that had the unplanned find time for of minder up take in electricity bills.
Taking into account Spain in the grips of recession, the ceremony wants to novice consumers light bills. In Germany, Chancellor Angela Merkel faces an secret ballot in September and hopes to win points with disable by putting a sicken to getting bigger electricity bills. The evenhanded ladder run been welcomed by German customer groups, but run been slammed by businesses as German and Spanish politicians means of transport to finance cuts for consumers by offhand on the compensation to companies. Get perfect bring out here from the Barricade Track Diary.
Patrons Carry Blow OF "GERMAN" Set TO RENEWABLE "ENERGIES"...
Rising "Exhort Prices": Germans Engorge Ponder of Set to Renewables. "Germany's" switch to renewable "energies" is minder up "electricity" bills...
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