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Colin Bennett

The International Energy Efficiency Scorecard - 0 views

  • The International Energy Efficiency Scorecard ranks the world's largest economies on their energy efficiency policies and programs.
Wade Ren

The end of Bretton Woods 2? - 0 views

  • The Bretton Woods 2 system – where China and then the oil-exporters provided (subsidized) financing to the US to sustain their exports – will come close to ending, at least temporarily. If the US and Europe are not importing much, the rest of the world won’t be exporting much.
  • And rather than ending with a whimper, Bretton Woods 2 may end with a bang. In some sense Bretton Woods 2 has been on life support for a while now. China’s recent export growth has depended far more on Europe than on the US. US demand for non-oil imports peaked in 2006. One irony of the past year is that the US was borrowing far more from China that it was buying from China. Campaign rhetoric that the US was paying for Saudi oil with funds borrowed from China isn’t far off – though it leaves out the fact that the US also borrows from Saudi Arabia to pay for Venezuelan, Mexican and Nigerian oil.
  • If Bretton Woods 2 ends in 2009 – if US demand for imports falls sharply in the last part of 2008 and early 2009, bringing the US trade deficit down – it won’t have ended in the way Nouriel and I outlined back in late 2004 and early 2005. We postulated that foreign demand for US debt would dry up – pushing up US Treasury rates and delivering a nasty shock to a housing-centric economy. As Brad DeLong notes, it didn’t quite play out that way. The US and European banking system collapsed before the balance of financial terror collapsed. Dr. DeLong writes: All of us from Lawrence Summers to John Taylor were expecting a very different financial crisis. We were expecting the ‘Balance of Financial Terror’ between Asia and America to collapse and produce chaos. We are not having that financial crisis. Instead we are having a very different financial crisis. Catastrophic failures of risk management throughout the entire banking sector caused a relatively minor collapse in housing prices to freeze up global finance to a degree that has not been seen since the Great Depression. The end result of this crisis though could be rather similar: a sharp contraction in credit, a fall in US economic activity, a fall in US imports and a fall in the amount of foreign financing the US needs.* The US government is (possibly) trying to offset the fall in private demand by borrowing more and spending more — but as of now there is realistic risk that the fall in private activity will trump the fiscal stimulus.
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  • Or, to put it more succinctly, Bretton Woods 2, as it evolved, hinged both on the willingness of foreign central banks to take the currency risk associated with lending to the US at low rates in dollars despite the United States large current account deficit AND the willingness of private financial intermediaries to take the credit risk associated with lending at low rates to highly-indebted US households.
  • But now US financial institutions are neither willing nor able to take on the risk of lending even more to US households. For a while the US government was able to ramp up its lending to households (notably through the Agencies) and in the process effectively take over the function previously performed by the private financial system (over the last four quarters, the flow of funds data indicates that the Agencies provided around $800 billion of net credit to US households). But now the US government is struggling to keep the financial system from collapsing. It doesn’t seem like it will able to avoid a sharp fall in the overall availability of credit.
  • It is now clear how the financial sector kept profits up: it took on more risk, as it shifted from borrowing short to buy safe long-term assets (Treasuries and Agencies) to borrowing short to buy risky long-term assets. Leverage in the system also increased (and for some broker dealers that seems to be an understatement), as more and more financial institutions believed that the US had entered into an era of little macroeconomic or financial volatility. The net result seems to have been a truly explosive concentration of risk in the hands of a core set of financial intermediaries in the US and Europe. Securitization – it seems – actually didn’t disperse risk into the hands of institutions able to handle it.
  • I hope that the process of adjustment now underway isn’t as sharp as I fear. The US economy gradually can shift from producing MBS for sale to US investors flush with cash from the sale of safe securities to China and Saudi Arabia to producing goods and services for export – but it cannot shift from churning out complex debt securities to producing goods and services overnight. Indeed, in a slowing US and global economy, improvements in the US deficit will likely come from faster falls in US imports than in US exports – not from ongoing growth in US exports.
  • But right now it looks like there is a real risk that the adjustment won’t be gradual. And it certainly looks like the flow of Chinese (and Gulf) savings to US households over the past few years has produced one of the largest misallocations of global capital in recent history.
  • US taxpayers are going to be hit with a large tab for the credit risk taken on by undercapitalized financial intermediaries. Chinese taxpayers may get hit with a similar tab for the losses their central bank incurred by overpaying for US and European assets as part of its policy of holding its exchange rate down. The TARP is around 5% of US GDP. There are plausible estimates that China’s currency losses will prove to be of comparable magnitude. Charles Dumas puts the cost at above 5% of GDP: “Charles Dumas of Lombard Street Research estimates that China makes 1-2 per cent on its (largely) dollar reserves. It then loses up to 10 per cent on the exchange rate and suffers a Chinese inflation rate of 6 per cent for a total real return in renminbi of about minus 15 per cent. That is a loss of $270bn a year, or a stunning 7-8 per cent of gross domestic product.”
  • Jboss — if some of the Chinese inflow could be redirected into investment in alternative energy, that would indeed be a win/ win. Some infrastructure bank style ideas have promise in my view — basically, the flow that used to go to freddie/ fannie could go to wind farms and the like. I would rather see more adjustment in china (i.e. more investment in Chinese infrastructure) but during the transition, if there is one, to a lower Chinese surplus, redirecting chinese financing toward new energy tech would be offer real benefits.
  • China likes 3rd generation nuclear power. Safe, lower cost than NG or coal, very much lower cost than coal with carbon sequestering, and zero carbon footprint. Wind is about 4X more expensive than our electric costs now. That’s in an area with consistent wind. Solar is worse. I don’t know if we can sucker them into investing in our technical fairy tales. Here’s a easy primer on 3rd gen nukes. http://nuclearinfo.net/Nuclearpower/WebHomeCostOfNuclearPower
    • Wade Ren
       
      is this true?
  • btw, solar thermal installations are so easy & affordable to retrofit onto existing structures, it’s amazing that there aren’t more of them here…until you realize that they work to decentralize energy. cedric — china is already doing it in china. they are way ahead of the curve over there. my partner brought back some photos of shanghai — rows of middle class homes each with a small solar panel on top. and that’s just the tip of the iceberg — an architect friend just came back from beijing and wants to move to china (he’s into designing self-powering structures and is incredibly frustrated by the bureaucracy and cost-prohibitive measures in the US).
  • I went to engineering school right after the Arab Oil Embargo, and alternative energy was a hot topic then. All the same stuff you hear of nowadays. They even offered entire courses on it , which I took. Then my first mini career was in the power plant biz, before Volker killed it with interest rates and the Saudies killed any interest in alt. energy with their big oil field discovery. For the last 5 years I’ve been researching what’s changed, and it is frighteningly little. Solar cells are still expensive and only have a 15% conversion efficiency. They developed the new cost reduced film technology, but that knocks down efficiency to 7%. Wind power works where there is wind constantly. Generators are mature technology and are already 90 some percent efficient. Geothermal, tidal, ect. work where they are available. Looks like coal gasification and synfuel is out because it makes too much CO2. Good news is 3rd gen nuclear is way better than 1st gen plants. Hybrid cars are good, and battery technology is finally getting barely good enough for all electric cars to be practical.
  • According to news report today, Japan’s trade surplus is less than 1 billion $ in September 08, a whopping 94% decrease compared to September 07. Does it imply that going forward Japan can not buy as much treasury as before?
Colin Bennett

Unplugged: Goodbye cables, hello energy beams - 0 views

  • With this new impetus, engineers and start-up companies have jumped at the challenge, and while beamed power is still in its infancy, three viable options seem to be emerging. The use of radio waves to transmit electricity is perhaps the most obvious solution, since you can in principle use the same kinds of transmitters and receivers used in Wi-Fi communication. Powercast, based in Pittsburgh, Pennsylvania, has recently used this technology to transmit microwatts and milliwatts of power over at least 15 metres to industrial sensors. They believe a similar approach could one day be used to recharge small devices like remote controls, alarm clocks and even cellphones. A second possibility, for more power-hungry devices, is to fire a finely focused infrared laser beam at a photovoltaic cell, which converts the beam back to electrical energy. It's an approach PowerBeam has adopted, but so far its efficiency is only between 15 and 30 per cent. While that could serve more power-hungry appliances, it would in practice be too wasteful. The technology has been used to power wireless lamps, speakers and electronic photo frames that require less than 10 watts to function. Over time, as both the lasers and photovoltaic cells improve, the company hopes efficiencies of up to 50 per cent will be possible. "There's no reason we couldn't power a laptop eventually," says Graham. Unlike some other possible techniques, a sharply focused beam loses minimal energy over large distances, preserving its efficiency: "A hundred metres is no big deal."
Dea David

Energy from Waste the Biosphere Technology Duo - 0 views

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    Energy efficient programs are proposed in the green market to lessen the cost of your electricity bill while endowing eco-friendly benefits.
Colin Bennett

Government Policies are Driving the Energy Efficient Buildings Technology and Services ... - 0 views

  • Since buildings account for a large portion of national energy consumption, most of the governments in the Asia Pacific region have taken steps to promote energy management and energy efficiency in both new construction and existing buildings.
Colin Bennett

Concern grows among UK manufacturers at rising energy costs - 0 views

  • In an attempt to reduce costs and cut emissions, manufacturers are increasingly turning to energy efficient technologies. Almost two-thirds of companies surveyed planned to increase investment in energy management during the next 12 months, in areas such as renewable and self-generation technologies. The aerospace industry leads the way, with more than two-thirds investing in energy efficient technologies, compared with 41 per cent in metals and aggregates.
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Ocean Power: Europe's Next Green Thing - 0 views

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    Ireland's OpenHydro and Germany's RWE are spending millions to try to turn the power of waves into electricity With oil prices hitting almost daily record highs and global warming climbing up the public agenda, the need for alternative energy sources has never been more urgent. But while wind and solar have dominated the recent rush to invest in renewables, market watchers reckon it could now be marine energy's turn to shine. Ocean power-using the energy from waves or tidal flows to produce electricity-is quickly coming of age as a viable green resource that could help meet ambitious global targets to reduce greenhouse gases and dependency on fossil fuels. European and North American power companies such as Canada's Emera (EMA.TO) and Germany's RWE (RWEG.DE) are spending millions to fund wind and tidal projects. This investment has led to a new generation of more efficient technologies, with dozens of prototypes expected to be ready for commercial deployment within the next five years. "There's huge interest in both wave and tidal technology," says Thomas Boeckmann, clean tech analyst at market research firm StrategyEye in London. "It's gaining a lot of attention from energy companies, which will be able to offer financial backing and technical expertise to these startups."
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End of easy carbon trading? - 0 views

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    LONDON, UK, August 12, 2008. Analyst New Energy Finance says the days of easy carbon trading may be over as the low hanging fruit of the cheap carbon credits in the developing world have now been harvested. To date, the cheapest way of reducing greenhouse gas (GHG) emissions have come from projects eliminating high global warming potential (GWP) gases in developing countries, notably China. These projects involve the destruction of two waste gases from industrial facilities: the hydrofluorocarbon HFC-23 and nitrous dioxide, or 'laughing gas' (N2O), both of which are several thousand times more potent in terms of global warming that CO2. The size of the emissions reductions achievable from these projects relative to the scale of the investment required, that these carbon credits are so cheap - around €1/tCO2e. In comparison, costs claimed by project developers of renewable energy and energy efficiency projects are €5-15 per tonne and the global market price for carbon countries from developing countries are around €20/tCO2e.
Hans-Juergen Kugler

Google and GE team up on clean-energy policy, tech | Green Tech - CNET News - 0 views

  • General Electric and Google on Wednesday announced a collaboration to lobby for renewable energy policies and to jointly develop clean technologies.
  • On the technology side, the two companies intend to develop smart-grid technologies, plug-in hybrid vehicles, and enhanced geothermal systems, where underground heat is converted into electricity. Smart-grid technology lets utilities more efficiently manage electricity on the grid. And through smart meters and in-home displays, it lets consumers better understand and control home energy use. GE and Google will work on utility software to make the grid more efficient, and on software for home smart-grid equipment, Immelt said.
Colin Bennett

Reshaping the EU Energy System - 0 views

  • "This analysis shows the main cause to be the lack of a single European energy market, but also slower than expected cost reduction of some new energy technologies and slower deployment of energy efficiency than envisioned.
Colin Bennett

Superconductivity and the environment: a Roadmap - 0 views

  • Energy. The Equinox Summit held in Waterloo Canada 2011 (2011 Equinox Summit: Energy 2030 http://wgsi.org/publications-resources) identified electricity use as humanity's largest contributor to greenhouse gas emissions. Our appetite for electricity is growing faster than for any other form of energy. The communiqué from the summit said 'Transforming the ways we generate, distribute and store electricity is among the most pressing challenges facing society today.... If we want to stabilize CO2 levels in our atmosphere at 550 parts per million, all of that growth needs to be met by non-carbon forms of energy' (2011 Equinox Summit: Energy 2030 http://wgsi.org/publications-resources). Superconducting technologies can provide the energy efficiencies to achieve, in the European Union alone, 33–65% of the required reduction in greenhouse gas emissions according to the Kyoto Protocol (Hartikainen et al 2003 Supercond. Sci. Technol.16 963). New technologies would include superconducting energy storage systems to effectively store power generation from renewable sources as well as high-temperature superconducting systems used in generators, transformers and synchronous motors in power stations and heavy-industry facilities. However, to be effective, these systems must be superior to conventional systems and, in reality, market penetration will occur as existing electrical machinery is written off. At current write-off rates, to achieve a 50% transfer to superconducting systems will take 20 years (Hartikainen et al 2003 Supercond. Sci. Technol.16 963).
Colin Bennett

Survey - Are Energy Managers Optimistic for The Future? - 0 views

  • a survey of energy professionals that have been asked to comment about the various issues concerning energy usage, the environment, and the government’s role in enforcing environmental rules on utility companies. The survey was conducted by Bloomberg Businessweek and concluded that most energy professionals agree that a change is needed to encourage companies to use their energy more efficiently.
Sergio Ferreira

The energy efficiency of cars - 0 views

  • That future is electric vehicles powered by high ERoEI renewable electricity.
  • ERoEI for wind ~ 20, efficiency factor = 0.95 Grid transmission losses = 0.9 Battery efficiency = 0.97 Motor efficiency = 0.92
Colin Bennett

Application of copper motors to high efficiency electric motors expanding - 0 views

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    In connection with a global trend of increasing the use of electric motors in the electric power consumption in order to raise the energy efficiency, the development of copper motors and the applicati
Hermes Anguyen

Thе Benefits Of Utilizing Green Constructing Supplies(also referred tо aѕ Mat... - 2 views

When people give consideration to green building, а fеw оf thе initial items whісh pop іnto theіr mind arе green constructing materials(Materiales De Construccion , including materials created frоm...

Materiales De Construccion

started by Hermes Anguyen on 18 Nov 11 no follow-up yet
Colin Bennett

Zero Energy Building Construction - 1 views

  • Also called net zero energy buildings, ZEBs bring together existing energy efficient technologies to form a high-performance building
Colin Bennett

Russia swings to openness on clean energy | Environment | Reuters - 0 views

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    MOSCOW (Reuters) - Russia this week pledged budget funds for clean energy and called for limits on greenhouse gas emissions in a reversal of the country's earlier reluctance to embrace the Kyoto Protocol and energy efficiency.
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HelioVolt hopes for a fast scale-up with high-efficiency CIGS process » Ventu... - 0 views

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    These are heady times for the thin-film solar industry. The sector's dominant player, First Solar, has been on a tear of late, recently announcing it would build a second 10 megawatt power plant in Nevada, while Miasole, once thought to be ailing, has staged an impressive comeback, raking in an eye-popping $220 million. Nanosolar has developed a new ultra-fast solar cell printer, and even giants like IBM and Applied Materials have gotten in on the game. In the face of such intense competition, how will HelioVolt, a well-funded outpost of CIGS manufacturing in Texas, fare? The company hopes a new hybrid, super fast CIGS process it has developed in collaboration with the National Renewable Energy Laboratory (NREL), which combines its patented FASST process and NREL's non-vacuum deposition technique, will help even the odds. The Austin, Texas-based company licensed NREL's non-vacuum deposition process, which allows for the quick application of liquid precursors onto a printing plate and substrate, to manufacture its solar cells with a 12.2 percent conversion efficiency at a fraction of the regular cost and in record time - under 6 minutes. Another advantage is that the substrate can be made from a variety of building materials, including glass, metals, plastics and roofing materials.
Colin Bennett

Nano devices to dramatically boost energy efficiency - 0 views

  • A recent breakthrough by scientists from NUS and University College Cork may mean the arrival of highly energy-efficient smart phones and tablets that can last up to 10 times their usual life.
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