Green Energy Investing On the Rise

The article is titled: Surprising Green Energy Investment Trends Found World Wide, but I’m not sure why they are surprised…

Here’s a substantial section of the article:

Wind

Wind attracted the highest new investment ($51.8 billion, 1% growth on 2007), confirming its status as the most mature and best-established sustainable generation technology. Wind’s leading position continues to be driven by asset finance, as new generation capacity is added worldwide, particularly in China and the US.

Solar

Solar continues to be the fastest-growing sector for new investment ($33.5 billion, 49% growth on 2007), with compound annual growth of 70% between 2006 and 2008. Solar’s growth reflects the easing of the silicon bottleneck and falling costs, which are expected to decline 43% in 2009. Solar project financing underwent the most dramatic growth in 2008, rising 71% to $22.1 billion.

Biofuels

Investment in biofuels fell 9% in 2008 down to $16.9 billion. Although the technology is well established, particularly in Brazil, it has suffered for the past two years from over-investment in early 2007, followed by a fall from grace caused by a combination of high wheat prices, lower oil prices and an increasingly heated food-versus-fuel controversy. Biofuels technology investment is now focused on finding second-generation / non-food biofuels (such as algae, crop technologies and jatropha): the second half of 2008 saw next-generation technology investment exceed first-generation for the first time.

Geothermal

Geothermal was the highest growth sector for investment in 2008, with investment up 149% and 1.3 GW of new capacity installed. The competitive cost of electricity from geothermal sources and long output lifetimes have made this an attractive investment despite the high initial capital cost.

Energy Efficiency

New private investment in energy efficiency was $1.8 billion – a fall of 33% on 2007 – although this figure doesn’t capture the investments made by corporates, governments and public financing institutions.

The energy efficiency sector recorded the second highest levels of venture capital and private equity investment (after solar), which will help companies develop the next generation of sustainable energy technologies for areas such as the smart grid. Energy efficiency also attracted more than 33% of the estimated $180 billion in green stimulus measures.

Global Trends in Sustainable Energy Investment 2009 — Regional Hi-lites

Europe

Europe continues to dominate sustainable energy new investment with $49.7 billion in 2008, an increase of 2% on 2007 (37% CAGR from 2006-2008).This investment is underpinned by government policies supporting new sustainable energy projects, particularly in countries such as Spain, which saw $17.4 billion of asset finance investment in 2008.

North America

New investment in sustainable energy in North America was $30.1 billion in 2008, a fall of 8% compared to 2007 (15% CAGR from 2006-2008). The US saw a slow-down in asset financing following the glut of investment in corn based ethanol in 2007. Also, the number of tax equity providers fell for wind and solar projects due to the financial crisis.

Africa

South Africa — Feed-in Tariffs Kick Start Green Investment

On 31 March 2009, South Africa announced ‘feed-in’ tariffs that guarantee a stable rate-of-return for renewable energy projects. South Africa is hoping to spur the sort of investment spurred in Germany and Denmark through feed-in tariff schemes.

Sub-Saharan Africa — Geothermal Kenya & Sweet Sorghum Ethanol

Elsewhere in Sub-Saharan Africa, lack of finance is the principal barrier to sustainable energy roll-out. However, some notable progress was made in 2008.

In Kenya, a number of investments are underway; including the continents first privately financed geothermal plant and a 300MW wind farm planned for construction near Lake Turkana.

In Ethiopia, French wind turbine manufacturer Vergnet signed a EUR 210 million supply contract in October 2008 with the Ethiopian Electric Power Corporation for the supply and installation of 120 one MW turbines.

In Angola, Brazilian industrial conglomerate Odebrecht set up an Angolan sugar cane processing plant and plans to steer its production from ethanol to sugar when it comes online late next year. UK-based Cams Group announced plans for a 240 million liter per year sweet sorghum ethanol facility in Tanzania.

North Africa — Sun and Wind

Renewable energy in North Africa remains focused on Morroco, Tunisia and Egypt, particularly in solar and wind. Egypt recently announced its expectation that wind farms in the Saidi area will produce 20% of the country’s energy needs by 2020. Morocco’s government has also outlined plans to meet 10% of its power needs with renewable energy sources.

Asia

China – Asia’s Green Energy Giant

By 2008, China was the world’s second largest wind market by newly installed capacity and the fourth largest by overall installed capacity. Between 5GW and 6.5GW of new capacity was installed and commissioned in 2008, bringing total capacity to 11GW to 12.5GW.

China became the world’s largest PV manufacturer in 2008, with 95% of its production for the export market.

Some 800MW of biomass power was added in 2008, bringing the total installed capacity for agriculture waste-fired power plants up to 2.88GW. Development of biofuels has all but ground to a halt, mostly due to high feedstock costs.

India – Pressing Need for Grid Improvements and Clean Power Generation

In 2008 the largest portion of new investment in India went to the wind sector, growing 17% — from $2.2 billion to $2.6. Thanks to a supportive policy environment, solar investment grew from $18 million in 2007 to $347 million in 2008, most of which went to setting up module and cell manufacturing facilities.

Small hydro investment in India grew nearly fourfold to $543 million in 2008, while biofuels investment stalled and fell from $251 million in 2007 to only $49 million in 2008.

Japan – A New Push for Sustainable Energy

In December 2008, Japan unveiled a new $9 billion subsidy package for solar roofs, granting JPY 70,000 ($785)/kW for rooftop PV installation. For the first time in three years, domestic shipments of solar cells rose between April to September (up 6%), indicating a fundamental change in domestic solar demand.

Geothermal also seems to be reawakening in Japan, after a twenty-year lull. In January 2009, plans for a 60MW geothermal plant were announced.

Australia – Geothermal and Wind Gaining Support

The Australian government has set up a A$500m ($436 million) Renewable Energy Fund to accelerate the roll-out of sustainable energy in the country. A$50 million has already been committed to helping geothermal developers meet the high up-front costs of exploration and drilling.

Geothermal is expected to provide about 7% of the country’s baseload power by 2030.

Wind will also benefit from Australia’s new push for sustainable energy, and is expected to provide most of the 20% renewable energy by 2020 target.

Other Asian Countries — Philippines, Thailand, Malaysia

In late 2008, the Philippine government signed a new Renewable Energy Law, offering specific incentives (mainly tax breaks) for renewable generation — a first for Southeast Asia and perhaps a model for other countries. Thailand and Malaysia have been talking about introducing renewable energy legislation for some time; and other countries are planning biofuel blending mandates, similar to those introduced by the Philippines in 2007 and subsequently by Thailand.

Latin America

Brazil – World’s Largest Renewable Energy Market

About 46% of Brazil’s energy comes from renewable sources, and 85% of its power generation capacity thanks to its enormous hydropower resources and long-established bioethanol industry.

Some 90% of Brazil’s new cars run on both ethanol and petrol (all of which is blended with around 25% ethanol). By the end of 2008, ethanol accounted for more than 52% of fuel consumption by light vehicles.

Brazil is now moving into wind. The government has announced a wind-specific auction to take place in mid-2009, for the sale of approximately 1GW of wind energy per year.

Brazil also has a global leader in renewable energy financing. In 2008 the Brazilian Development Bank (BNDES) was the largest provider globally of project finance to renewable energy projects.

Chile, Peru, Mexico and the rest of Latin America

Brazil accounted for more than 90% of new investment in Latin American, but several other countries are looking to implement regulatory frameworks supportive of renewable energy.

Chile’s recently approved Renewable Energy Legislation is responsible for regulating the country’s renewable energy sector, where small hydro, wind and geothermal projects have become increasingly attractive for investors. It requires electricity generators of more than 200MW to source 10% of their energy mix from renewables.

In 2008 Peru introduced legislation that requires 5% of electricity produced in the country to be derived from renewable sources over the next five years, including financial incentives such as preferential feed-in-tariffs and 20-year PPAs for project developers.

Mexico has a non-mandatory target to source 8% of its energy consumption from renewable sources by 2012. However a new national energy plan expected at the end of June 2009 is expected to double that target.

Eco Pizza Box

Featuring the new, improved, pizza box!!!

Since pizza boxes are the bane of recycling existence, these creative geniuses have come up with a solution! This crafty box turns in to a mini box for storage AND plates for your guests!!! Yay for invention! Yes, I am excited, but really it’s just some strategically placed perforations. Yay, because it took us 50 years of pizza delivery to figure it out.

Straw Buildings = Quake Resistant

Great article in the NYT about how environmentally friendly straw houses are, but then the twist: they’re great in an earthquake!

I have written before about straw building here, that time inspired by the New Orleans Common Ground Collective, who was using straw bale building as a cheap way to house returning Orleaneans.

Nothing inspires me more than this kind of thinking and utilization of resources!!

Link Found between Vinyl Floors and Autism

Just in case you weren’t convinced that our synthetic surroundings were causing you cancer and countless other illnesses, here’s an article from treehugger stating the following disturbing findings:

TreeHugger has been reporting for years about the dangers of phthalates, the endocrine disruptor that is used to make vinyl flexible. We have noted previously that it might cause “phthalate syndrome”- smaller penises, and undescended or incompletely descended testicles- in humans…

But NOW:

Now a new study links it to autism. Scientific American says that the Swedish study was looking for something else, a relationship between phthalates and allergies, but found that “Infants or toddlers who lived in bedrooms with vinyl, or PVC, floors were twice as likely to have autism five years later, in 2005, than those with wood or linoleum flooring.”

New Jersey Laundry House turns Sustainable School

Home Grown Revolution

Obama’s Agriculture Pick

Obama Picks Vilsack for Secretary of Agriculture CNN reports Obama’s choice for Secretary of Agriculture: Tom Vilsack, the former Governor of Iowa.
The Organic Consumers Association argues that he “originated the seed pre-emption bill in 2005, effectively blocking local communities from regulating where genetically engineered crops would be grown,” (Wikipedia) making him a dangerous choice for head of agriculture for the whole nation.
The issue of Genetically Modified Food is a hot one. For a president in precarious circumstances, like President Obama, it must be particularly difficult to pick sides on the topic. On one side is the argument that food prices are skyrocketing and people are in difficult times, so any technology that increases crop yield will be a positive component to solving the economic crisis. On the other had, it is arguable that GMO’s are completely dismantling any remaining “clean” food, by inseminating non-GMO crops. If this is the case, in the long run, this choice would have the opposite effect, causing billions of dollars in health care costs after years of VIRTUALLY EVERY AMERICAN CITIZEN being exposed to high levels of genetically altered food, which has been linked to cancer.

An open letter from the New York Times to President Obama.

Obama Pressed To Improve Food By Chefs

A Yahoonews article explores the coming shift in attitudes about food from the White House.

Rick Bayless, the chef of that restaurant, Topolobampo, says Obama’s comfortable demeanor at the table — slumped contentedly in his chair, clearly there to enjoy himself — bodes well for the nation’s food policy. While former President George W. Bush rarely visited restaurants and didn’t often talk about what he ate, Obama dines out frequently and enjoys exploring different foods.

Obama, has expressed increased support for small farmers, and in interviews has been more open about his diet and values than Bush. I take this as a step in the right direction. There are so many movements springing up about local growing, personal gardening, and community gardens over the past five years that it’s becoming a force that’s hard to ignore. Hopefully this president will be a more positive role model and leader in this crucial matter.

Food needs “Fundamental Rethink”

The BBC reports today what may seem obvious to those of us thinking about our ever increasing population and decreasing space for viable food production: That in order to feed all of us, we have to start thinking outside the box…and fast.
Copied in full:

Food needs ‘fundamental rethink’
By Mark Kinver
Science and environment reporter, BBC News

Food crops, agriculture and biodiversity cannot be separated from one another

A sustainable global food system in the 21st Century needs to be built on a series of “new fundamentals”, according to a leading food expert.

Tim Lang warned that the current system, designed in the 1940s, was showing “structural failures”, such as “astronomic” environmental costs.

The new approach needed to address key fundamentals like biodiversity, energy, water and urbanisation, he added.

Professor Lang is a member of the UK government’s newly formed Food Council.

“Essentially, what we are dealing with at the moment is a food system that was laid down in the 1940s,” he told BBC News.

“It followed on from the dust bowl in the US, the collapse of food production in Europe and starvation in Asia.

“At the time, there was clear evidence showing that there was a mismatch between producers and the need of consumers.”

Professor Lang, from City University, London, added that during the post-war period, food scientists and policymakers also thought increasing production would reduce the cost of food, while improving people’s diets and public health.

We all know that waste is everywhere; it is immoral what is happening in the world of food
Raymond Blanc,
Chef and food campaigner

“But by the 1970s, evidence was beginning to emerge that the public health outcomes were not quite as expected,” he explained.

“Secondly, there were a whole new set of problems associated with the environment.”

Thirty years on and the world was now facing an even more complex situation, he added.

“The level of growth in food production per capita is dropping off, even dropping, and we have got huge problems ahead with an explosion in human population.”

Fussy eaters

Professor Lang lists a series of “new fundamentals”, which he outlined during a speech he made as the president-elect of charity Garden Organic, which will shape future food production, including:

* Oil and energy: “We have an entirely oil-based food economy, and yet oil is running out. The impact of that on agriculture is one of the drivers of the volatility in the world food commodity markets.”
* Water scarcity: “One of the key things that I have been pushing is to get the UK government to start auditing food by water,” Professor Lang said, adding that 50% of the UK’s vegetables are imported, many from water-stressed nations.
* Biodiversity: “Biodiversity must not just be protected, it must be replaced and enhanced; but that is going to require a very different way growing food and using the land.”
* Urbanisation: “Probably the most important thing within the social sphere. More people now live in towns than in the countryside. In which case, where do they get their food?”

Professor Lang said that in order to feed a projected nine billion people by 2050, policymakers and scientists face a fundamental challenge: how can food systems work with the planet and biodiversity, rather than raiding and pillaging it?

The UK’s Environment Secretary, Hilary Benn, recently set up a Council of Food Policy Advisers in order to address the growing concern of food security and rising prices.

Farm working cutting kale (Getty Images)
The 21st Century is going to have to produce a new diet for people, more sustainably, and in a way that feeds more people more equitably using less land
Professor Tim Lang

Mr Benn, speaking at the council’s launch, warned: “Global food production will need to double just to meet demand.

“We have the knowledge and the technology to do this, as things stand, but the perfect storm of climate change, environmental degradation and water and oil scarcity, threatens our ability to succeed.”

Professor Lang, who is a member of the council, offered a suggestion: “We are going to have to get biodiversity into gardens and fields, and then eat it.

“We have to do this rather than saying that biodiversity is what is on the edge of the field or just outside my garden.”

Michelin-starred chef and long-time food campaigner Raymond Blanc agrees with Professor Lang, adding that there is a need for people, especially in the UK, to reconnect with their food.

He is heading a campaign called Dig for Your Dinner, which he hopes will help people reconnect with their food and how, where and when it is grown.

“Food culture is a whole series of steps,” he told BBC News.

“Whatever amount of space you have in your backyard, it is possible to create a fantastic little garden that will allow you to reconnect with the real value of gardening, which is knowing how to grow food.

“And once you know how to grow food, it would be very nice to be able to cook it. If you are growing food, then it only makes sense that you know how to cook it as well.

“And cooking food will introduce you to the basic knowledge of nutrition. So you can see how this can slowly reintroduce food back into our culture.”

Waste not…

Mr Blanc warned that food prices were likely to continue to rise in the future, which was likely to prompt more people to start growing their own food.

Norfolk black turkey (Getty Images)
Sustainable food helps protect rare breeds and varieties

Raymond Blanc on good food

He was also hopeful that the food sector would become less wasteful.

“We all know that waste is everywhere; it is immoral what is happening in the world of food.

“In Europe, 30% of the food grown did not appear on the shelves of the retailers because it was a funny shape or odd colour.

“At least the amendment to European rules means that we can now have some odd-shaped carrots on our shelves. This is fantastic news, but why was it not done before?”

He suggested that the problem was down to people choosing food based on sight alone, not smell and touch.

“The way that seeds are selected is about immunity to any known disease; they have also got to grow big and fast, and have a fantastic shelf life.

“Never mind taste, texture or nutrition, it is all about how it looks.

“The British consumer today has got to understand that when they make a choice, let’s say an apple – either Chinese, French or English one – they are making a political choice, a socio-economic choice, as well as an environmental one.

“They are making a statement about what sort of society and farming they are supporting.”

Growing appetite

The latest estimates from the UN Food and Agriculture Organization (FAO) show that another 40 million people have been pushed into hunger in 2008 as a result of higher food prices.

This brings the overall number of undernourished people in the world to 963 million, compared to 923 million in 2007.

The FAO warned that the ongoing financial and economic crisis could tip even more people into hunger and poverty.

“World food prices have dropped since early 2008, but lower prices have not ended the food crisis in many poor countries,” said FAO assistant director-general Hafez Ghanem at the launch of the agency’s State of Food Insecurity in the World 2008 report.

“The structural problems of hunger, like the lack of access to land, credit and employment, combined with high food prices remain a dire reality,” he added.

Professor Lang outlined the challenges facing the global food supply system: “The 21st Century is going to have to produce a new diet for people, more sustainably, and in a way that feeds more people more equitably using less land.”

GM Food Linked to Lower Fertility

Link to actual article, reproduced in full:

Published on Wednesday, November 12, 2008 by The Daily Mail/UK
Why Eating GM Food Could Lower Your Fertility
by Sean Poulter
Genetically modified corn has been linked to a threat to fertility in an official study that could deliver a hammer blow to controversial ‘Frankenstein Food’.

Most of the research on GM crop safety has been conducted by biotech companies, such as Monsanto, rather than outside independent laboratories. A long-term feeding trial commissioned by the Austrian government found mice fed on GM corn or maize had fewer offspring and lower birth rates.

The trial has triggered a call from Greenpeace for a recall of all GM food crops currently on the market worldwide on the grounds of the threat to human health.

Most of the research on GM crop safety has been conducted by biotech companies, such as Monsanto, rather than outside independent laboratories.

GM advocates have argued that the fact the US population has been eaten some types of GM food for more than a decade is proof of its safety.

However, these reassurances have been turned on their head by the study commissioned by the Austrian Ministries for Agriculture and Health, which was presented yesterday at a scientific seminar in Vienna.

Professor Dr Jurgen Zentek, Professor for Veterinary Medicine at the University of Vienna and lead author of the study, said a GM diet effected the fertility of mice.

GM expert at Greenpeace International, Dr Jan van Aken, said: ‘Genetically Engineered food appears to be acting as a birth control agent, potentially leading to infertility.

‘If this is not reason enough to close down the whole biotech industry once and for all, I am not sure what kind of disaster we are waiting for.

‘Playing genetic roulette with our food crops is like playing Russian roulette with consumers and public health.’

The Austrian scientists performed several long-term feeding trials with laboratory mice over a course of 20 weeks.

One of the studies was a so-called reproductive assessment by continuous breeding (RACB) trial, in which the same parent generation gave birth to several litters of baby mice.

The parents were fed either with a diet containing 33per cent of GM maize, a hybrid of Monsanto’s MON 810 and another variety, and a normal feed mix..

The team found changes that were ’statistically significant’ in the third and fourth litters produced by the mice given a GM diet. There were fewer offspring, while the young mice were smaller.

Prof Zentek said there was a direct link between the changes seen and the GM diet.

A press release from the Austrian Agency for Health and Nutrition, said the group of mice given a diet of genetically engineered corn saw a significant change in fertility.

It said: ‘The number of litters and offspring decreased in the GE-fed group faster than in the control. In the GE-fed group more females remained without litters than in the control group.’

Monsanto press offices in the UK and USA were unable to provide a comment on the findings.

CropGen, which speaks for the biotech industry, claims GM crops have been accepted as safe by Government authorities on both sides of the Atlantic.

British scientists recently unveiled a GM purple tomato they claimed could help people avoid developing cancer. The tomato is high in antioxidants – naturally found in other fresh produce such as blueberrys, cranberries and carrots – which are seen as a protection against ill health.