The following was published on December 5, 2012. By Ron Mahabir
SINGAPORE SHOULD INVEST MORE HEAVILY IN CLEANTECH
AS WE speed dangerously along the highway of global economic growth, it has become awfully clear that we are headed for major accidents in food, water and other resource shortages, as well as increasing environmental disasters.
We just have had way too many red alerts in recent years including Fukushima, Gulf of Mexico, Katrina, floods and heat waves to not take these a great deal more seriously. It is probably more than coincidence that 2012 is on track to be the hottest year in the United States and Hurricane Sandy was the largest Atlantic hurricane on record. Continue reading
Posted in ADB, Biofuels, Biogas, Clean Energy, Cleantech venture capital, Climate Change, Green Building, Green chemicals, Hybrid, Hydro, India, Indonesia, Japan, Korea, Malaysia, Myanmar, Renewable Energy, Singapore, Small-hydro, Solar, Solar Thermal, Thin-film Solar, Wind
March 3, 2008 (The Edge Daily) – Carbon Capital Corp Sdn Bhd will launch RM150 million worth of biogas and biomass projects in Sarawak next month as part of its long-term strategy for growth.
“We will be launching four biogas projects and one 10 megawatt biomass power plant there, utilising empty fruit bunches (from oil palm).
“These are all projects which we will be investing in and developing 100%,” Carbon Capital group managing director William Kho said.
Posted in Biodiesel, Biogas, Biomass, Carbon Credits, Clean Energy, Cleantech venture capital, Conservation, Crude Palm Oil, Japan, Malaysia, Recycling, Renewable Energy, Small-hydro, Waste Management, Waste to Energy
February 11, 2008 (Bangkok Post) – To cope with high oil prices and reduce greenhouse gas emissions, Thailand must pursue four options: development of renewable energy, energy efficiency, nuclear energy and carbon capture and storage. However, renewable energy has certain limitations, and options for each country are different depending on availability of natural resources, technologies and manpower. This is why the Thai government has mainly concentrated on renewable energy based on domestic raw materials and wastes.
Financial incentives together with the provision of information to investors and consumers have proved to work wonders, for instance in the promotion of biofuels. The consumption of gasohol (E10) more than doubled in 2007. With the introduction of E20 in 2008, daily demand for ethanol should reach two million litres by 2011 when new cars capable of using E85 should be on sale.
Posted in Biodiesel, Biofuels, Biogas, Biomass, Carbon capture, Carbon Credits, Clean Energy, Cleantech venture capital, Climate Change, Coal, Conservation, Crude Palm Oil, Energy Efficiency, Ethanol, GHG, Legislation, LNG, Recycling, Renewable Energy, Small-hydro, Solar, Solar Thermal, Thailand, Transportation, Waste Management, Waste to Energy, Wind
January 16, 2008 (FinanceAsia.com) – Macquarie Group has appointed Anton Rohner as head of renewables in Asia, with the aim of expanding its business in a region where the renewable energy market is valued at more than $20 billion.The bank projects the market will grow by 15% to 20% annually in the next five years. Among the Asian countries, China and India are two of the world’s top five renewable energy markets, along with Germany, Spain and the US. China plans to have 30,000 megawatts of wind-generated electricity capacity by 2020, which represents massive growth but is still small compared with the country’s total installed electricity generating capacity of around 710,000MW at the end of 2007. India already has an installed wind power capacity of 6,000MW.
“We see a groundswell of interest in renewable and sustainable energy from the rising affluence in developing markets in Asia and this presents us with huge opportunities,” says Andrew Low, Asia head of Macquarie Capital Advisers. “We see increased interest in clean energy in China and India.”
December 25, 2007 (Business Standard) – When Internet search major Google Inc decided to power its “Googleplex” in Mountain View with one of the largest solar panel installations in the world last year, it was a big vote for solar energy, which presently provides less than 1 per cent of the energy generated worldwide.
Though the capital expenditure required for solar energy – estimated at Rs 24 crore per megawatt (Mw) – is almost six times higher than that for conventional sources of energy, there is no fuel cost. Sunlight is free.
October 12, 2007 (Cleantech Network) – The country is moving forward with its plan to produce 90 percent of its power from renewable sources by 2025.The New Zealand government announced plans to introduce a ban on new gas or coal fired generators. The move is part of the country’s target to produce 90 percent of its power from renewable sources by 2025.
“We don’t believe there should be any need for new fossil fuel plants to be built for baseload generation for at least ten years,” said David Parker, New Zealand’s energy minister.
New Zealand already produces 70 percent of its electricity from wind, hydro and geothermal plants. Continue reading
September 22, 2007 (Hindu Business Line) India, which accounts for 31 per cent of world’s CDM (Clean Development Mechanism) projects, sees a huge opportunity for small hydro power projects to get carbon credits or Certified Emission Reductions (CERs).There is an estimated potential of 15,000 MW from small hydropower projects in the country. Of this, about 2,000 MW has been tapped so far. “This shows that there is a significant potential for taking up CDM projects in this segment,” Mr V. Subramanian, Union Secretary in the Ministry of New and Renewable Energy, told Business Line. The Kyoto Protocol allows hydropower projects with less than 25 MW capacity to claim carbon credits. “We have 70 small hydro projects in the pipeline to get the CDM status. Of these, 31 have already been registered, while 34 are at the validation stage,” he said.