Connect with us

Energy

“Eliminating fossil fuel subsidies will reduce carbon emissions by 12%”: says director at the Cambridge’s Institute for Sustainability Leadership

Published

on

Sandrine Dixson-Declève, a director at the Cambridge University’s Institute for Sustainability Leadership says that Europe needs to eliminate fossil fuel subsidies and create an energy system based around renewables or will face becoming increasingly uncompetitive.

Speaking in Paris yesterday in her capacity as Director of the Prince of Wales’s Corporate Leaders Group at the European Wind Energy Conference where Ecotricity’s launched their groundbreaking new windmill, the Britwind H15, Dixson-Declève warned that fossil fuel subsidies are harming the poor and are based on short term goals rather than long term strategy.

Fossil fuel subsidies globally total $5.3tn a year, or $10m a minute, and cost the average UK family £1,000 per year. Renewable energy on the other hand costs us £100 per family per year and produces 25% of UK power.

Sandrine Dixson-Declève said: “We believe that Europe is at a crossroads, either you create a competitive system that responds to energy security but also to climate concerns or you become increasingly uncompetitive.

“Fossil Fuel subsidy reform is absolutely crucial to create a level playing field.

“The International Energy Agency’s statement on climate change energy indicates that every dollar spent on renewable subsidies equals six dollars on fossil fuel subsidies.

“There is a real window of opportunity to reform from this uneconomic position because of the low oil price. Government’s are starting to realise that fossil fuel subsidies are a drain on budgets and stop spending on health, education and public welfare.

“Eliminating fossil fuel subsidies could give an immediate boost of 10%-12% reduction in greenhouse gases.”

Dale Vince, founder of Ecotricity, said: “Renewable energy has the potential to upend the energy market, it’s doing it in other countries around the world, it’s bringing lower energy bills and lower carbon emissions at the same time.”

Developed by Ecotricity’s new subsidiary, Britwind, which it formed in 2014, the new Britwind H15 is set to bring big wind performance to small wind, generating electricity at almost half the cost of the best selling small windmill on the market, the Britwind R9000.

Ecotricity is also introducing a radical new approach, creating a new kind of green energy partnership between itself and its customers – making green energy where they live and work and sharing the benefits with them.

Vince continued: “The Britwind H15 is at the cutting edge of windmill technology – it’s super efficient, cheap to maintain, and cuts the cost of making energy. Our commercial model is also at the cutting edge – we make the energy with our customers, where they live and work, and we share the benefits with them.

“It’s about democratising the energy market – our aim is to bring lower bills and energy independence to homes and businesses in Britain, and to export the same opportunity to other parts of the world.”

Energy

7 New Technologies That Could Radically Change Our Energy Consumption

Published

on

Energy Consumption
Shutterstock Licensed Photo - By Syda Productions | https://www.shutterstock.com/g/dolgachov

Most of our focus on technological development to lessen our environmental impact has been focused on cleaner, more efficient methods of generating electricity. The cost of solar energy production, for example, is slated to fall more than 75 percent between 2010 and 2020.

This is a massive step forward, and it’s good that engineers and researchers are working for even more advancements in this area. But what about technologies that reduce the amount of energy we demand in the first place?

Though it doesn’t get as much attention in the press, we’re making tremendous progress in this area, too.

New Technologies to Watch

These are some of the top emerging technologies that have the power to reduce our energy demands:

  1. Self-driving cars. Self-driving cars are still in development, but they’re already being hailed as potential ways to eliminate a number of problems on the road, including the epidemic of distracted driving ironically driven by other new technologies. However, even autonomous vehicle proponents often miss the tremendous energy savings that self-driving cars could have on the world. With a fleet of autonomous vehicles at our beck and call, consumers will spend less time driving themselves and more time carpooling, dramatically reducing overall fuel consumption once it’s fully adopted.
  2. Magnetocaloric tech. The magnetocaloric effect isn’t exactly new—it was actually discovered in 1881—but it’s only recently being studied and applied to commercial appliances. Essentially, this technology relies on changing magnetic fields to produce a cooling effect, which could be used in refrigerators and air conditioners to significantly reduce the amount of electricity required.
  3. New types of insulation. Insulation is the best asset we have to keep our homes thermoregulated; they keep cold or warm air in (depending on the season) and keep warm or cold air out (again, depending on the season). New insulation technology has the power to improve this efficiency many times over, decreasing our need for heating and cooling entirely. For example, some new automated sealing technologies can seal gaps between 0.5 inches wide and the width of a human hair.
  4. Better lights. Fluorescent bulbs were a dramatic improvement over incandescent bulbs, and LEDs were a dramatic improvement over fluorescent bulbs—but the improvements may not end there. Scientists are currently researching even better types of light bulbs, and more efficient applications of LEDs while they’re at it.
  5. Better heat pumps. Heat pumps are built to transfer heat from one location to another, and can be used to efficiently manage temperatures—keeping homes warm while requiring less energy expenditure. For example, some heat pumps are built for residential heating and cooling, while others are being used to make more efficient appliances, like dryers.
  6. The internet of things. The internet of things and “smart” devices is another development that can significantly reduce our energy demands. For example, “smart” windows may be able to respond dynamically to changing light conditions to heat or cool the house more efficiently, and “smart” refrigerators may be able to respond dynamically to new conditions. There are several reasons for this improvement. First, smart devices automate things, so it’s easier to control your energy consumption. Second, they track your consumption patterns, so it’s easier to conceptualize your impact. Third, they’re often designed with efficiency in mind from the beginning, reducing energy demands, even without the high-tech interfaces.
  7. Machine learning. Machine learning and artificial intelligence (AI) technologies have the power to improve almost every other item on this list. By studying consumer patterns and recommending new strategies, or automatically controlling certain features, machine learning algorithms have the power to fundamentally change how we use energy in our homes and businesses.

Making the Investment

All technologies need time, money, and consumer acceptance to be developed. Fortunately, a growing number of consumers are becoming enthusiastic about finding new ways to reduce their energy consumption and overall environmental impact. As long as we keep making the investment, our tools to create cleaner energy and demand less energy in the first place should have a massive positive effect on our environment—and even our daily lives.

Continue Reading

Energy

Responsible Energy Investments Could Solve Retirement Funding Crisis

Published

on

By

Energy Investments
Shutterstock / By Sergey Nivens | https://www.shutterstock.com/g/nivens

Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.

Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?

Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.

Tip #1: Focus & Determination

Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.

Tip #2: Minimize Spending

One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!

Tip #3: Visualize Your Goal

You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.

Investing in Clean Energy

One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.

With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.

The Future of Green Biz

As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.

Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.

In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!

Continue Reading
Advertisement

Facebook

Trending