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Home→Published 2015 → August - Page 10 << 1 2 … 8 9 10 11 12 13 14 >>

Monthly Archives: August 2015

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10 August 2015, Washington Post, A stunning five million acres have now burned in Alaskan wildfires this year. Last month, wildfire watchers were astounded as terrifying wildfires raged across the state of Alaska. Sometimes the records would come in with 300,000 or more new acres burned in a single day. It seemed inevitable that the 2015 wildfire season would quickly catch up with and then surpass the all-time record year, 2004, when 6,590,140 acres burned. But then the weather shifted. Rains moved in, and satellite analysts downsized their size estimates of some fires. Instead of racing forward, the fire acreage numbers slowed or even stopped their increase. Only recently have they started to tick back up again. Nonetheless, according to the latest report Tuesday from the Alaska Interagency Coordination Center, Alaska fires have now consumed 5,098,829.9 acres in 2015. That’s about five-sixths of the total acreage consumed by wildfires anywhere in America this year —currently, 6,224,545 acres. It’s also enough to put the 2015 Alaska wildfire season ahead of what was previously the second-place year — 1957, with 5,049,661 acres burned, according to the Alaska Division of Forestry. [Alaska’s terrifying wildfire season and what it says about climate change] So will 2015 overtake 2004 and set a new record for the most acres burned? A seasonal wildfire outlook from the National Interagency Fire Center shows a big red splotch across Alaska for the month of August — a forecast of areas where conditions would be favorable for increased wildfire activity. “The volume of active fires on the landscape should continue to produce acreage gains through August,” the agency notes. As of Tuesday, 238 fires were still burning across the state. Read More here

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10 August 2015, Climate Network News, Clouds over China’s solar power industry. China is by far the world’s biggest producer of solar panels, but the industry could become a victim of its own success. The recent turmoil in China’s stock market has sent shockwaves through the country’s corporate sector, including its mighty solar power industry which in recent years has grown to dominate the world market. Harnessing solar energy is considered a key way of cutting back on fossil fuel use and of meeting the challenge posed by climate change. Seven out of the world’s top ten manufacturers of solar panels are China-based companies, together providing about 40% of global solar supplies. But now the industry’s future expansion is under threat as companies try to cope with too much production capacity, very low profit margins and crushing amounts of debt. In 2013 Suntech, a Chinese company which was at one time the world’s biggest manufacturer,went bust. International creditors are still trying to recoup millions lent to the company. Read More here

 

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7 August 2015, Renew Economy, Coal industry assets are the penny dreadfuls of new economy. They used to be known as penny dreadfuls – the highly speculative stocks that became the playthings of the mining boom of the 1960s and 1970s and what followed. And judging by the moniker accorded them, they were mostly bad outcomes. The currency units might have changed, but it seems that the moniker still applies – not just to speculative mining stocks with tall tales of mythical or unobtainable ore bodies, but to the thermal coal industry, with equally tall tales of a long-term market for its commodity. And it seems that one dollar, a greenback, or even just one euro can go an awfully long way in the coal industry these days. In Australia, it can buy you a mine that just three years ago was valued at $860 million. Brazilian miner Vale and Japan’s Sumitomo Corp have just sold the Isaac Plains coking-coal mine in Queensland to Stanmore Coal for a single dollar. Sumitomo bought a half stake for $A430 million in 2012. In Germany, one euro can buy you a share in a brand new, never used, 1.6GW coal-fired generator in Hamm. RWE has offered to pay €1 to the 23 municipalities for their share of the $4 billion facility that not only faces major technical issues, but it is also effectively redundant and not needed in a country now more dependent on renewable energy.

Still, the Abbott government doesn’t get it. Environment minister Greg Hunt has launched an extraordinary attack on the environmental groups that have fought the Carmichael mine. Abbott himself told The Australian on Friday that environmental groups were “sabotaging” the coal industry through protests and court action. Which might explain why the Abbott government is keen to support the mining lobby, which has forced a parliamentary inquiry into whether environmental NGO’s should be allowed to receive tax deductible donations. “As a country we must, in principle, favour projects like this (Carmichael),” the Prime Minister told The Australian. “This is a vitally important project for the economic development of Queensland and it’s absolutely critical for the human welfare literally of tens of millions of people in India.” Not so much a triumph of hope over reality, but a stunning disregard for environmental impacts and market forces. If Abbott were to put money into Carmichael – as his government has signalled it might, via its northern infrastructure development fund – it would be an act of absolute recklessness, and make even the proverbial lift boy look like an investment genius. Read More here

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7 August 2015, Renew Economy, Cheaper renewables force closure of NZ’s last coal-fired power units. Utility-scale coal-fired power generation will soon be a thing of the past in New Zealand, after local gentailer Genesis Energy said it would close the last two coal-burning units at its coal and gas Huntly power station in Waikato, on the North Island, due to falling demand and lower-cost renewables. Stuff.co.nz reports that the 953MW plant’s remaining two coal-burning units – the two others have already been retired – will be shut down in 2018, after running “at the margin of the market” for a number of years, according to Genesis. Indeed, the gentailer said it had been on track to retire the four coal/gas fired “Rankine” units – which were commissioned in the early 1908s, when they were seen as less expensive than building extra hydropower – since 2009. “The development of lower cost renewable generation, principally wind and geothermal, investment in the HVDC link (the Cook Strait cable), and relatively flat growth in consumer and industrial demand for electricity have combined to reinforce the decision to retire the remaining Rankine units, which will deliver further operational efficiencies to Genesis Energy,” said Genesis chief executive Albert Brantley. Closure of the coal units – which Genesis said would mark the end of large scale coal-fired generation in New Zealand – is expected to produce operational and capital cost savings for the company of approximately $20 to $25 million a year. 

The shuttering of the coal plants has been welcomed by NZ green groups, and – in stark contrast to Australian PM, Tony Abbott, and his response to the likely abandonment of the proposed Adani mega-coal mine project in Queensland – even by NZ Prime Minister John Key, who is reportedly “unsurprised” by the closures. “I mean, in a lot of ways it’s unsurprising because the costs actually for Genesis, with the ETS and the likes, means that probably in the long-term coalfire power plants aren’t the most sensible plants to have,” Key said. “From New Zealand’s emissions perspective, this is actually probably a good thing.” Read More here

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