Ģ018 Energy Efficiency Indicator survey: More than half of global organizations plan to increase energy efficiency spending in next 12 months – The survey of nearly 2,000 facility and energy management executives from 20 countries found that 57% of organizations in the United States and 59% of global organizations plan to increase investment in energy efficiency in the next year. To participate, companies need to submit a solution that has five times less climate impact than a standard air conditioner, at no more than twice the cost, so it has a payback period of less than four years. The new competition is designed to provide an incentive to create higher-efficiency air conditioners and support startups in a field that’s currently dominated by a handful of major corporations. Richard Branson just launched a $3 million prize for a better air conditioner – The number of AC units may swell from 1.2 billion worldwide today to 4.5 billion by 2050–and household air conditioning, alone, could push global warming up half a degree by the end of the century, according to a new report. Ĭolumbia University CleanTech: Designing Batteries for a Sustainable Future – The Columbia Electrochemical Energy Center plans to study how battery systems interact with other efficient technologies, including thermal storage. The device remains in development and is far from ready for commercial use. The device creates a heat sink and then cools a targeted area through radiative cooling.
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New air-conditioning design cools without using fossil fuels – scientists at Stanford are working to develop air-conditioning free of fossil fuels. These targets can only be raised, not lowered. By 2030, energy efficiency in the EU has to have improved by 32.5%, whereas the share of energy from renewables should be at least 32% of the EU’s gross final consumption. To be successful, this will need an unprecedented global political and economic effort.” Video – ĮU Parliament approves binding 2030 target for renewables (32%) and an indicative target on energy efficiency (32.5%) that will play a crucial role in meeting the EU’s climate goals. We can create some room for maneuver by expanding the use of Carbon Capture Utilization and Storage, hydrogen, improving energy efficiency, and in some cases, retiring capital stock early. But we also need to be much smarter about the way that we use our existing energy system. “This means that if the world is serious about meeting its climate targets then, as of today, there needs to be a systematic preference for investment in sustainable energy technologies. The World Energy Outlook 2018– “We have reviewed all current and under-construction energy infrastructure around the world – such as power plants, refineries, cars and trucks, industrial boilers, and home heaters – and find they will account for some 95% of all emissions permitted under international climate targets in coming decades,” said Dr Birol. The research will help the GSE design valuation guidance and uniform data collection tools and develop underwriting guidelines to account for energy efficient features.
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įreddie Mac launches new, “green” mortgage – The new GreenCHOICE Mortgage will allow Freddie Mac to assess mortgage loan performance between homes with and without energy efficient enhancements. The ceiling price for solar and wind has been set at $60/MWh. Īrgentina launches 400 MW mini renewables auction – Some 350 MW will be divided between wind and solar for projects of 500 kW to 10 MW in scale. K-State will save $200,000 a year by tapping into this natural resource – By 2020, half of Kansas State University’s Manhattan campus will be powered by wind, school officials announced Tuesday. coal plants, which Lazard pegs between $27/MWh and $45/MWh. That challenges the average cost for existing U.S. onshore wind energy costs average between $26/MWh and $56/MWh without subsidies, while utility-scale solar averages between $36/MWh and $44/MWh. Renewables can challenge existing coal plants on price – according to analysis from the research firm Lazard. The levelized cost of energy (LCOE) analysis finds that U.S. Consumers in many emerging markets feel even more strongly about this, with India (97 percent) and Colombia (96 percent) at the top. 81 percent of global consumers say it’s extremely or very important for companies to implement programs to improve the environment, according to a recent survey conducted by Nielsen.
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