Bernstein analyst: 100% renewable energy transition looking more and more feasible FacebookTwitterLinkedInEmailPrint分享Barron’s:Electricity generation is the largest single contributor to the carbon emissions that are warming the planet. It accounts for 42% of global emissions, and that share is likely to grow as transportation increasingly is powered by batteries instead of oil.As countries announce ambitious plans to wean their economies from fossil fuels, their efforts to shift how they generate electricity will determine whether they can hit those goals. The International Renewable Energy Agency (IRENA), which helps governments come up with plans to shift to renewables, has estimated that 86% of electricity can be generated with renewables by 2050.That number might seem high, but more data is now supporting the potential for an aggressive shift in power generation. In a new report, Bernstein analyst Meike Becker examined how countries can get to 100% renewable electricity generation by 2050, and the analysis has some good news about the potential for renewable generation.Becker’s report found that countries will take widely different paths to renewable generation, based on their natural resources. If coal and oil deposits determined a country’s fate in the 20th century, the force of its rivers and strength of its sunshine will likely determine its path in the 21st. Countries that generate hydroelectric power are way ahead in terms of producing clean power. Norway generates 98% of its electricity from renewable sources, largely because of hydro power. As of 2015, Brazil got 75% of its power from hydro sources. Canada relies on renewables for 67% of its electricity.But even in countries without rushing water generating much electricity, Becker sees a feasible path to renewable generation. In Belgium, for instance, hydro accounts for just 7% of generation. What’s more, Belgium depends on nuclear power for about 30% of its electricity, and the country plans to phase nuclear out by 2025. Nonetheless, Becker expects Belgium can generate at least 75% of its electricity with renewables by 2050 by relying on solar, wind and a variety of other technologies, including so-called “combined cycle gas turbines” that use gas and steam for power. The key to doing this is being able to generate and store power at times when the sun isn’t shining and the wind isn’t blowing, using batteries and technologies that can use other fuels more efficiently.The chances that countries can generate all their electricity with renewables by 2050 are “at this point very close to 100% for countries with good resources and a bit further away if conditions are less favourable,” she wrote in an email to Barron’s. Nonetheless, countries without the same resources can still generate “very high share, and usually higher than what most people currently think, I would say.”More: The path to 100% renewable power is looking more achievable
Metro Sport ReporterThursday 12 Mar 2020 3:58 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link4.2kShares Advertisement Ian Wright tells Pierre-Emerick Aubameyang he ‘deserves better’ than Arsenal Arteta is desperate for Aubameyang to stay (Picture: Getty)Aubameyang was visibly distraught after the Gunners were knocked out of the Europa League following his sensational scissor kick against Olympiacos and Wright admits that he feels sorry for the forward as he ‘deserves’ to be playing in Champions League finals. AdvertisementAdvertisementADVERTISEMENT‘If you can imagine him in a better team then he himself would be winning Premier Leagues and vying for places in Champions League finals and I think he deserves that,’ Wright told Premier League Productions.‘You don’t see him particularly vocal on the pitch [no] pointing and screaming but it’s what he does in respect of his leadership with the goals that he scores.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘If you take his goals out of that team then they’re in a massive heap of trouble. Arsenal need a few more players to kick in with their form to help him.‘We’re talking about a goalscorer who is scoring at the rate of a Champions League player, a world class goalscorer. ‘We’re talking about the last big contract in his career. I just hope that the love that he has for the club and the fans have for him is enough for him but I wouldn’t want to be in his position because it’s a tough one for him.’MORE: What Ole Gunnar Solskjaer told Man Utd squad in dressing room after Man City win Pierre-Emerick Aubameyang is considering his Arsenal future (Picture: Getty)Arsenal legend Ian Wright admits Pierre-Emerick Aubameyang faces a difficult decision over his future at the club because he ‘deserves better’ than the Gunners’ current position. The Gabon international has been a revelation in north London since his £57million move from Dortmund and he’s scored an incredible 61 goals in 92 appearances for the club.The 30-year-old has less than 18 months to run on his Arsenal deal and a decision over a new deal is likely to hinge on the Gunners’ form between now and the end of the season, with Champions League qualification believed to be a requirement for the Gabonese. Advertisement Comment
Norwegian energy giant Statoil and its partners will invest over 5 billion Norwegian Krones ($643 million) in the development of the Snøhvit field in the Barents Sea, to feed the company’s LNG plant at Melkøya in Hammerfest.The development of Askeladd, which will supply 21 billion cubic meters of gas and two million cubic meters of condensate to Hammerfest LNG, is the part two of the multi-phased Snøhvit development, Statoil said in a statement.Production is scheduled to come on stream towards the end of 2020.“This is the next step in the development of Snøhvit. Askeladd will help maintain a plateau production rate at the Hammerfest LNG plant until 2023,” said Torger Rød, Statoil’s senior vice president for project development.Speaking of the Snøhvit license, Per Henry Gonsholt, acting production director at Hammerfest LNG, said it contains enough gas to maintain beyond 2050.Askeladd will be developed with three wells via two new subsea templates with space for additional wells in the future. In addition, an infrastructure will be installed to tie-in the Askeladd development to existing Snøhvit field infrastructure.The multi-phased development of Snøhvit was approved by the authorities in 2002. The partnership has already begun working on the next steps in the development of Snøhvit.Statoil said that Aker Solutions has been awarded the contract for the two subsea templates, whi9le additional contracts will be awarded in the following months.
Press Association De Bromhead said: “That was a good performance and it was a confident young man’s ride as he was throwing him at fences. “He jumped so well, but every time he got in front the mare (Shesaportrait) came to him and it didn’t help him. “Dropping back to two miles might suit him more than stepping up and his options are the Kilbegnet Chase at Roscommon and maybe running at Listowel or here at the end of September in between.” De Bromhead and Burke enjoyed Plate glory with Shanahan’s Turn on Wednesday and Sizing Platinum was a 3-1 shot for his Ballybrit assignment in the same colours of Alan and Ann Potts. Ridden prominently from the outset, Sizing Platinum was strongly pressed by 9-1 favourite Rock The World running down the hill, but De Bromhead’s charge would not be denied, galloping on for a three-and-three-quarter-length verdict. The Galway Plate-winning combination of Henry de Bromhead and Jonathan Burke were on the mark again at Ballybrit as Sizing Platinum struck gold in the Guinness Harp Novice Chase.