Hong Kong-Based Veteran of JPMorgan and Citigroup Joins IEEFA

first_img FacebookTwitterLinkedInEmailPrint分享IEEFA:Melissa Brown, a Hong Kong-based former securities analyst at JPMorgan and Citigroup analyst, has joined the Institute for Energy Economics and Financial Analysis. Brown has played a leading role in various Asian investment organizations focused on mainstream and sustainable investment strategies for public and private equity investors over the past 25 years.“The decisions made in Asia on the future of electricity markets are critically important both for the individual countries involved and for the world as a whole,” said IEEFA executive director Sandy Buchanan. “Melissa brings a wealth of knowledge and deep understanding of Asian finance and energy markets, and we are very pleased to welcome her to our team of global energy finance experts.” Hong Kong-Based Veteran of JPMorgan and Citigroup Joins IEEFAlast_img read more

More Countries, States Join Pact to End Coal Use for Electricity Generation

first_imgMore Countries, States Join Pact to End Coal Use for Electricity Generation FacebookTwitterLinkedInEmailPrint分享Reuters:At least 15 countries have joined an international alliance to phase out coal from power generation before 2030, delegates at U.N. climate talks in Bonn said on ThursdayBritain, Canada, Denmark, Finland, Italy, France, the Netherlands, Portugal, Belium, Switzerland, New Zealand, Ethiopia, Mexico and the Marshall Islands have joined the Powering Past Coal Alliance, delegates said.The alliance aims to have 50 members by the next U.N. climate summit in 2018 to be held in Poland’s Katowice, one of Europe’s most polluted cities.But some of the world’s biggest coal users, such as China, the United States, Germany and Russia, have not signed up.Powering Past Coal comes just days after U.S. administration officials, along with energy company representatives, led a side event at the talks to promote “fossil fuels and nuclear power in climate mitigation.”The alliance was kicked off by Britain, Canada and the Marshall Islands, who urged other nations to join them in a letter seen by Reuters on Wednesday.A source close to the matter said signatories to the alliance so far had been at least a dozen, in addition to some U.S. states, Canadian provinces and businesses.“It is a rebuke to (President) Donald Trump from the UK and Canada, two of America’s closest allies, that his obsession for dirty energy will not spread,” said Mohamed Adow, international climate lead at Christian Aid.Since signing the Paris Agreement in 2015, which aims to wean the world off fossil fuels, several countries have made national plans to phase out coal from their power supply mix.More: At least 15 states join global alliance to phase out coal by 2030_________________The Hill:A group of 19 countries and a handful of provinces and states, including Washington, is vowing to phase out their use of coal for electricity generation as part of the United Nations climate conference. Officials announced the new coalition, called the Powering Past Coal Alliance, on Thursday at the annual U.N. climate change conference in Bonn, Germany. They said they will look to more than double their membership by next year’s meeting.The countries — led by the United Kingdom and Canada — account for just a small percentage of global coal consumption, though several of the nations in the alliance rely on coal for a large amount of their electricity generation.“Reducing global coal consumption should be a vital and urgent priority for all countries and states. Unabated coal is the dirtiest, most polluting way of generating electricity,” said Claire Perry, the U.K.’s minister for climate change and industry.“The Powering Past Coal Alliance will signal to the world that the time of coal has passed. The UK is committed to completely phasing out unabated coal-fire power generation no later than 2025 and we hope to inspire others to follow suit.”Countries involved in the alliance include Costa Rica, Denmark, Italy, France, Mexico, Netherlands, New Zealand and others.The only U.S. entity involved in the alliance is Washington state. Its governor, Jay Inslee (D), has attended the Bonn conference this week.More: Countries, states, provinces vow to phase out coal uselast_img read more

French banks to be required to stop lending to coal projects

first_imgFrench banks to be required to stop lending to coal projects FacebookTwitterLinkedInEmailPrint分享S&P Global Market Intelligence ($):France will force its financial institutions to stop financing coal mines and coal-fired power stations if they do not stop that kind of lending voluntarily.Bruno Le Maire told a climate conference in Paris that he would meet banks, insurers and asset managers in the coming weeks and ask them to undertake new commitments to end the financing of highly polluting industries such as coal. These commitments would be checked and the results made public, he said in a speech at the UN Environment Programme Finance Initiative 2018 roundtable. If they are not met, they will be made binding.Friends of the Earth France on Nov. 26 published a report criticizing the major French lenders —BNP Paribas SA, Société Générale SA, Natixis and Crédit Agricole SA— for financing companies developing coal projects. It said the four banks have provided more than €10 billion to companies involved in coal and coal-fired power station projects since the 2015 Paris agreement on climate change, a 52% increase compared to the three years prior to the accord.Nevertheless, French banks are widely regarded as having taken the lead among European lenders to combat climate change. A ranking by ShareAction in November 2017 had BNP Paribas as the leader in managing climate-related risks, with Crédit Agricole and SocGen among the top five.In 2015, Natixis said it would end the financing of coal-fired power stations and thermal coal mining projects worldwide. BNP Paribas, SocGen and Crédit Agricole have also said they would end their financing of coal mining projects.More ($): France to force banks to end coal financing if they do not stop voluntarilylast_img read more

New England transmission operator projects sharp rise in solar generation through 2028

first_imgNew England transmission operator projects sharp rise in solar generation through 2028 FacebookTwitterLinkedInEmailPrint分享Platts:ISO New England Tuesday discussed its 2019 solar power capacity forecast with stakeholders, which showed a regional cumulative installed capacity increase to 6,744 MW in 2028 from 2,884 MW at the end of 2018, a 134% jump.The grid operator’s Final 2019 PV Forecast that was presented to the Distributed Generation Forecast Working Group and posted on ISO-NE’s website, estimates the region will add 463.1 MW of total nameplate installed solar power capacity in 2019. Massachusetts is expected to provide 63%, or 292 MW, of the 2019 increase, with Connecticut providing the second-largest incremental increase of 68.4 MW.The grid operator’s regional annual solar energy forecast estimates 4,047 GWh will be produced in 2019, a figure that increases to 8,511 GWh in 2028.Properly accounting for behind-the-meter solar power output is important because these resources are connected to the distribution system and do not directly participate in the wholesale power markets. BTM solar resources impact the wholesale market by reducing load.BTM solar PV systems are forecast to reduce estimated summer peak load by 707.6 MW in 2019 and 1,050.6 MW in 2028, according to the grid operator.More: ISO-NE estimates solar power capacity will jump 134% over the next decadelast_img read more

Abu Dhabi Fund for Development backing 500MW solar development effort in Sudan

first_imgAbu Dhabi Fund for Development backing 500MW solar development effort in Sudan FacebookTwitterLinkedInEmailPrint分享PV Magazine:The Sudanese minister of energy and mining, Khairy Abdul Rahmanhas, and the general director of the Abu Dhabi Fund for Development, Mohamed Saif Al Suwaidi, signed on Sunday a memorandum of understanding for the deployment of solar power plants with a combined capacity of 500 MW in Sudan.In an official statement, the Sudanese government said it will buy the generated electricity at a competitive price over a period of 20 years from facilities that will be built by unspecified UAE-based companies. No more details on the projects’ number and locations were disclosed.If implemented, these projects would represent the country’s first attempt to deploy utility scale PV capacity.Sudan has one of the lowest levels of solar development in Africa although it has one of the best levels of solar radiation in the whole continent. The Sudanese government tried to implement several initiatives to increase the share of renewables in the country’s energy mix over the past years but so far results seem to be quite limited. Most of Sudan’s electricity generation comes from around 3.2 GW of hydropower.[Emiliano Bellini]More: Sudan wants to contract 500 MW of solar powerlast_img read more

Mountain Mama: My Paddling Partner Put His Kayak Through My Window. Should He Pay Up?

first_imgDear Mountain Mama,Last weekend a friend accidentally slid his kayak through the rear window of my pickup. He apologized and offered to pay. I had the window fixed and called him about it, but he’s not making good on his promise.I don’t want to lose a paddling partner, but things are tight, especially during the holidays. Should I ask him again?Thanks,Out-of-Pocket————————————————————————-Dear Out-of-Pocket,I can hear the glass shattering into hundreds of pieces. I can see the looks of surprised exchanged, the feeling that if only we could rewind two minutes, we’d be more careful.I know because my rear window has been busted. My friend slid a canoe all the way into the front seat, ignoring that glass barrier altogether. I was out $200. At first he offered to split the cost with me. But then he didn’t follow through, despite my constant reminders.I resented that he never made good on his offer to split the cost. I was keeping track, a tit for a tat, and I began to wonder if he was a good friend after all.Fast forward two months later when my two-year old son reached a toddler milestone – his first visit to the ER. My two-year old came to crying to me, covered in blood. It was almost eight on a freezing Tuesday evening. The friend in question is a nurse. I called him, expecting at most for a few minutes of his time to figure out how serious the cut was. He picked up on the first ring, was cleaning the blood 10 minutes later, and drove us to the ER. Not only did he drive us there, but he escorted us through the whole ordeal, calming a nervous mama.That night I realized that generosity can’t be captured on a balance sheet, that it doesn’t work when we keep tally. Instead, if we trust in our friendships we will discover abundance. By letting go of accounting, we nurture generosity. When we assume that our needs will be taken care of, we are able to give and receive without strings attached.Dear Out-Of-Pocket, consider letting go of the expectation that your friend needs to pay you back for the window. You’ll be paying it forward in the karma bank. Trust that when you really need your friends in some way, they’ll be there for you. Consider it a bonus if your friend comes through with a check, but don’t ruin a friendship over broken glass.Cheers!Mountain Mamalast_img read more

Trauma Tuesday: Candide Thovex Too Huge Double Huck Edition

first_imgEven if you are one of the best, most famous, most accomplished free skiers in the game, you can still blow it. Candide Thovex proves this when he carries “just a bit” too much speed into this booster and overshoots it, by a lot. Love the cloud of cold smoke that erupts after we lose sight of him over the ridge. Has a very cartoony feel, like you would expect him to come waddling back flat as a pancake or just covered in black soot like a bomb had exploded.I love cartoons.On the flip side, here is what happens when you come up short. A TGR segment from Chad’s Gap in 2000, when jumps were always a wildcard.last_img read more

Beer Blog: Sierra Nevada Harvest Series

first_imgWild ThingYou’d think that after reaching the behemoth level of Sierra Nevada, the brewery might sit back and relax. Rest on its laurels. Kick it. Sell some of that uber popular Pale Ale and reside happily within the envelope, so to speak.And yet, Sierra Nevada continues to push that envelope. They collaborated like crazy this year, partnering with a dozen smaller craft breweries for their Beer Camp series and putting out some innovative brews in the process. They recently installed a small pilot brewing system inside their new brewery in Mills River. This tiny system is where Sierra Nevada will do R&D and produce draught-only one-off beers. Most of us will never get a chance to sample these limited run experiments. Luckily, the brewery does mass produce some outside-of-the-box beers.Case in point: Sierra Nevada explored the fringes of hops this year with their Harvest Series. Each IPA in the five-part series took a different approach to hopping methods, starting with a single hop IPA (which really gives you insight into what a single hop strain contributes to a beer) and finishing with this wild hopped IPA, which uses a feral hop with multiple cone heads recently found in the hills of New Mexico called, appropriately, NeoMexicanus Medusa. Harvest Wild Hop is the first beer to give NeoMexicanus a national stage.First impressions? Zing!!!The beer smells like the rind of a cantaloupe—vaguely sweet, but also good for you in a way, if that’s possible. You get a punch of citrus when you finally take a swig, with a good bit of sweetness but not the bitterness you might expect from an IPA packing 55 IBUs. But the defining characteristic of Harvest Wild Hop is how tingly the damn thing is. Each sip is like a thousand tiny bubbles in your mouth. Kind of like mixing Pop Rocks with Coke. But for adults.Meanwhile, Sierra Nevada also recently released their annual Christmas Jam Ale, a session beer on the other end of the spectrum that falls squarely into pale ale territory. Nothing terribly innovative. Just a solid, easy drinking beer that benefits a good cause (proceeds go to the Warren Haynes Foundation). But maybe that’s how you get to be a brewery like Sierra Nevada. You play well on the fringes and in the center.last_img read more

The August Issue of Blue Ridge Outdoors Magazine is Live!

first_imgDEPARTMENTSEDITOR’S NOTEScott Jurek makes a career-capping comeback to break the Appalachian Trail speed record.CONTRIBUTOR QUESTIONSOnce a month we throw our contributors for a loop with a different question about their lives in the outdoors. This month we asked about childhood dream jobs. Here’s what they had to say.CHATTERChatter is a Monthly collection of Reader Reactions to previous BRO IssuesFLASHPOINTOcoee River ransomed by TVAQUICK HITSEastern cougar declared extinct • Tour de Pour • Bikers bare al • 500-pound marathonerTHE DIRTQ&A with Scott Jurek • Exercise makes you smarterTHE GOODSCyclist’s Ally Stacher’s go-to gearTRAIL MIXNew grooves from our neck of the woodsFEATURESCOOL SCHOOLSHike the A.T., scuba dive, ice climb, paddle rivers for college credit. Check out the 32 best college courses and outdoor offerings in the Southeast.WILL WORK FOR ADVENTUREGet paid to do what you love. Meet six outdoor enthusiasts who have made their dream jobs a reality.‘HOLD THE TRAIL LIGHTLY’Previous A.T. record holder Jennifer Pharr Davis shares her thoughts on Scott Jurek’s new mark.RIDE BIKES, DRINK BOURBONFour cyclists pedal 60 miles of Kentucky’s Bourbon Trail., visiting distilleries along the way. On paper, it sounds awesome. In reality, it’s even better.DOWN UNDERScuba diving in Southern Appalachia can be full of surprises—including shipwrecks, flooded towns, and underwater poker games.last_img read more