29 January 2018, Renew Economy, Victorian networks blow a fuse in heatwave – Coalition blows its mind on Twitter. Conservatives love a summer blackout. And with two-thirds of peak blackout season already gone, they were not going to miss the opportunity presented by last night’s outages across Victoria to point the finger at renewable energy, the state Labor government’s support of renewables, and most of all last year’s closure of the privately owned Hazelwood coal-fired power plant. The only slight hitch in this ingenious plan is that none of the above had anything at all to do with it. On Sunday, the state reached record grid demand for a Sunday in the midst of the heatwave, but around 55,000 Victorians suffered without power at various times on Sunday evening – and many continue to do so on Monday – after faults across the state’s distribution networks. As explained by the Energy Networks Association, the assorted network companies, and the Australian Energy Market Operator, the blackouts were caused by faults in the *delivery* of the electricity – and not the *supply* or generation of it. That is, as absolutely everyone in the state turned their air conditioners up to 11 to cope with temperatures hovering around 40°C – and an overnight low of around 30°C – the state’s “poles and wires” (mostly substation fuses) systems were overwhelmed by demand that peaked at around 9,144MW: “the highest operational demand for a Sunday, ever,” says AEMO. Read More here
Category Archives: PLEA Network
22 January 2018, The Guardian, Lloyd’s of London to divest from coal over climate change. Firm follows other big UK and European insurers by excluding coal companies from 1 April. Lloyd’s of London, the world’s oldest insurance market, has become the latest financial firm to announce that it plans to stop investing in coal companies. Lloyd’s will start to exclude coal from its investment strategy from 1 April. The definition of what is a coal company and the criteria for divestment will be set over the coming months. The firm has long been vocal about the need to battle climate change, with insurance one of the worst affected industries by hurricanes, wildfires and flooding in recent years. The insurance market decided last month to implement a coal exclusion policy as part of a responsible investment strategy for the central mutual fund that sits behind every insurance policy written by the Lloyd’s market. Inga Beale, Lloyd’s of London chief executive, said: “That means that in the areas of our portfolio where we can directly influence investment decisions we will avoid investing in companies that are involved mainly in coal. “Is there more the insurance sector could be doing to help the world transition to a low-carbon economy by choosing sustainable or low-carbon stocks?” Lloyd’s does not underwrite operations directly, but offers a marketplace to almost 90 syndicates of other insurers. Lloyd’s has been slower to take action than others. Other big UK and European insurance companies, including Aviva, Allianz, Axa, Legal & General, SCOR, Swiss Re and Zurich, have been shifting away from coal and other fossil fuels due to concerns about climate risks. About £15bn has been divested by insurers in the past two years, according to a recent report from Unfriend Coal Network, a global coalition of NGOs and campaigners including 350.org and Greenpeace. It said 15 companies – almost all in Europe – have fully or partially cut financial ties by selling holdings in coal companies and refusing to insure their operations. Read More here
19 January 2018, World Resource Institute. Global Environmental Risks Are Keeping Davos Leaders Awake at Night. As movers and shakers — reportedly including President Trump – fire up their private jets to travel to Switzerland for the annual World Economic Forum (WEF) in Davos, the Forum issued its annual Global Risks Report. For more than a decade, the report has been surveying the WEF’s network of business, government and civil society leaders, asking them to rank global risks based on both their impact and likelihood. In short, the report asks what keeps the global elite awake at night. The answer? Mounting environmental threats. 2 Takeaways from the Global Risks Report First, a majority (five of eight) of the risks respondents said were both most impactful and most likely to happen were environmental risks. These were extreme weather events, failure of climate change mitigation and adaptation, man-made environmental disasters, biodiversity loss and ecosystem collapse, and natural disasters. A sixth, water crises, is labeled by the WEF as a societal risk, but it can also be considered an environmental risk. In other words, even while geopolitical and cyber risks are increasing and domestic politics in many countries are in turmoil, the leading decision-makers in business and government remain most concerned about the cluster of risks connected to the environment—many of them related to climate change. Read More here
15 January 2018, Climate News Network, District heating warms cities without fossil fuels. Heating homes and offices without adding to the dangers of climate change is a major challenge for many cities, but re-imagined district heating is now offering an answer. A district heating scheme is a network of insulated pipes used to deliver heat, in the form of hot water or steam, from where it is generated to wherever it is to be used. As a way of providing warmth for thousands of homes, typically in multi-storey apartment buildings, district heating has a long history in eastern Europe and Russia. But the hot water it distributes typically comes from power stations burning coal or gas, which means more greenhouse gas emissions. Tapping into other forms of producing hot water, from renewable energy, bio-gas or capturing waste heat from industrial production, supermarkets or IT systems, provides alternative sources of large scale heating without adding to the carbon dioxide in the atmosphere. Sweden has pioneered the switch from fossil fuels to other ways of heating water. The Swedish Environmental Protection Agency says the country has gone from almost exclusively relying on fossil fuels to being 90% powered by renewable and recycled heat in 2017. Read More here