Powering NSW. March 2009

Size: px
Start display at page:

Download "Powering NSW. March 2009"

Transcription

1 Powering NSW March 2009

2 Executive Summary The NSW Business Chamber is concerned about the future of electricity supply in NSW. The failure to privatise the electricity generators in NSW means the State Government needs to act now to ensure we have a reliable supply, as current power stations are near their full capacity. In addition, the establishment of a carbon emissions trading scheme means governments, at all levels, need to increase their focus on low carbon energy options such as nuclear, geo-thermal, clean coal & carbon capture technologies, solar and wind. In 2007 the Owen Inquiry into Electricity Supply in NSW found that the state would need a new base load power station by and that it would take up to six years to plan and commission such a project 1. A 2008 report by the national electricity regulator NEMCO put this date at , when NSW will face a deficit of 300 MW 2. This means the planning process needs to start now. This urgent need for a new base load station is taking place against the backdrop of the introduction of a carbon emissions trading scheme in This development has significant implications for the relative costs associated with running new (and existing) power stations. The abundance of cheap coal in NSW means this source of energy has historically been the obvious choice for base load electricity generation in the state, coupled with back-up support from other energy sources such as hydroelectricity. Looking further ahead, this may no longer be the case once a carbon price is introduced. The NSW Government needs to start planning for the next generation of power stations, beyond NSW s immediate needs, and looking at a range of options including nuclear, solar, wind and geo-thermal. In addition to looking at supply issues, the NSW Business Chamber would also like continued focus on demand management policies. If growth in demand can be slowed down, then the timetable around a new base power station could be pushed out. This includes supporting projects that allow individuals, companies and buildings to establish their own power sources and sell any excess electricity back to the grid. Recommendations The NSW Business Chamber s energy policy has four key recommendations: > Provide a timetable with clear deadlines that outlines when the energy retailers, contract management operations and development sites will be sold and the mechanisms and structures around the sale. > Undertake an information campaign that clearly explains to the community the steps being taken to ensure that NSW has reliable electricity supply beyond This is critical if NSW is to attract new energy-intensive businesses, and retain existing ones. > All levels of Government need to consider alternative, low carbon energy sources when planning for future electricity generators. This includes the current Federal and State Governments abandoning their ban on nuclear power plants. > The NSW Government should continue its commitment to demand management projects. 1 Owen Inquiry Report - Summary (2007) Pg 2 2 Statement of Opportunities 2008 (2008) 1

3 Introduction The recent failure to privatise the electricity assets of New South Wales was a disappointing development that could have significant long term impacts on the security of electricity supply in the state. The NSW Business Chamber was strongly supportive of the privatisation plan, not least because of the fiscal benefit the sale would deliver. The financial gains would come not only through the direct proceeds of the sale (which could be spent on much needed infrastructure), but also because it would save the taxpayers of New South Wales the cost of retro-fitting existing power stations with new technology and building a new base load power station a cost estimated to be around $15 to $20 billion. In addition to the privatisation debate, the business community is also focused on the implications of the introduction of a carbon emissions trading scheme. The NSW Business Chamber recognises the need to look at other energy sources, beyond standard coal, to power future generators. The abundance of cheap coal in NSW means this has been the obvious choice for power generation. However, a carbon trading scheme could change these relativities depending on the price of carbon. The NSW Business Chamber remains supportive of a range of demand reduction schemes that currently operate and would like to see further expansion of these into areas used by major global cities such as building-based generators that sell excess power back to the grid. The NSW Business Chamber has been actively involved in the energy and climate change debate. At a political level, we strongly supported the attempt by the NSW Government to privatise the electricity sector and we make a direct contribution to policy in this area via our membership of the NSW Climate Change Council. At a membership level, we offer a range of programs and advice fact sheets for members about the logistics and benefits of reducing energy consumption. Internally, we are actively working to reduce energy usage at our head office in North Sydney through the Sustainability Advantage program. Our energy policy covers three key issues. Firstly, our concerns about the immediate security of electricity supply in NSW and the need to start planning now to avoid a shortfall in Secondly, the need for all levels of government to increase their focus on low carbon energy options prior to the introduction of a carbon emissions trading scheme. This includes the mature technology of nuclear power. Finally, the opportunities we see for demand reduction schemes that could potentially push-out the timeframe around a future base-load generator. 2

4 Key Issues & Recommendations Immediate Base-load Generator Needs According to the national energy regulator, NEMMCO (National Electricity Market Management Company Limited), NSW currently has 15,670 MW of generating capacity. This includes the newly commissioned Tallawarra (400MW) and Uranquinty (640 MW) stations. Meanwhile, maximum demand during 2008/09 is expected to be between 14,200 to 14,500 MW. Based of these figures there is currently sufficient capacity to meet NSW s current needs. However, looking ahead, using demand projections and known new projects 3, NEMMCO expects that by 2014/15 there will be a deficit of around 300MW 4. A similar view was put forward in the 2007 Owen Report into Electricity Supply in NSW, which put the shortfall timeframe at When forming this view, Professor Owen took into account the potential for some demand saving policies to slow current growth projections (discussed later in the paper). But even allowing for these, NSW can no longer delay the planning of a new power station, given that it takes around six years to achieve a fully operating generator. How this new generator is to be powered will be determined by site-specific assessments. Professor Owen suggested that gas or coal were the most likely sources, even with the introduction of a carbon emissions trading scheme in But other options may emerge depending on the site chosen. A summary of the characteristics of various energy sources can be found in Appendix 1. The complicating factor in this process is that the new generator needs to be planned now but would be coming online in a different operating environment where carbon emissions have a price attached. All other things being equal, this will make coal relatively less attractive than it currently is. It will also have an impact on gas, although to a lesser extent given the lower carbon emissions associated with this fuel. Preliminary research is underway into carbon-capture technology that could reduce the carbon emissions of coal. This involves capturing the CO 2 emissions and storing them, instead of releasing them in to the atmosphere. If this technology proves effective then this could improve the performance of coal under a carbon emissions trading scheme. There are several different types of carbon capture technology currently being investigated but none are currently being used in commercial power stations. The other drawback of this technology is that, to date, it has proved to be very energy intensive. A typical power station using this technology would need 30% of its generated energy to run such a system, compared to the 5% of generated power currently used to run a standard coal-fired generator. Irrespective of the fuel source used time is running out and NSW must start planning now. Currently, a base load power station takes four to six years to commission 6 including: > Feasibility, site selection and site purchase (up to two years) > Environmental assessment, and development and planning approval (up to two years) > Detailed design and letting of construction contracts which can be undertaken in parallel with development and planning approval (one to two years) > Construction of a coal-fired power station can take up to four years inclusive of pre-commissioning works > Construction time for gas-fired powers stations can be around two years (plus pre-investment works). These timeframes mean planning for the next base load station should be underway now to avoid the risk of any shortages, given that NSW s current base load stations will hit capacity by The only new project currently being built is Colongra (667MW) that is expected to come on line in 2009/10. 4 Ibid 5 Owen Inquiry Summary Report (2007) pg 3 6 Ibid 3

5 What is the NSW Government s plan going forward? In recent years the NSW Government has been derelict in its funding of future power generation in NSW most likely due to the expectation that the sector would be in private hands by now. The Tomago example (below) highlights that even when planning approval has been achieved for sites, the NSW Government has failed to provide the funding to deliver new generation. The latest NSW Government plan, following the failed privatisation proposal, was briefly outlined in the mini-budget in November and more details were provided in March. The plan now involves selling all aspects of the electricity sector expect the existing physical generators and the poles and wires. There are three areas that will be sold. Firstly, the Government intends to sell the sites that had been targeted as possible locations for new power stations. These are at various stages in the planning process. For example, Macquarie Generation s Tomago site has had an approval to build a 790 MW peaking station for 5 yrs but no funding has been provided by the Government to action this and the Development Application is about to expire. Delta Generation s Bamarang site has approval for a 300 MW station approved and is in the process of gaining approval for converting this to a 400 MW station. Both of these sites, along with others, will be sold to the private sector. Secondly, the NSW Government will privatise the contract management operations of the three government-owned generator companies (Delta, Macquarie Generation and Eraring). Currently, the generators have two main arms the arm that physically produces the power and the arm that manages the contracts that sell the power to the energy retailers and major customers. The contract management side of the generators will be opened up to private operators. No decision has yet been made about whether this will involve a single operator managing all generation sites or a number of operators managing several sites/generators. Finally, the government-owned energy retailers (Country Energy, Integral Energy and Energy Australia) will be privatised. Is this sufficient? The NSW Business Chamber is strongly supportive of private sector involvement in the electricity market. However, we have three main concerns about the process that has been outlined by the NSW Government. > That there is insufficient time available for a private company to undertake the purchase of the generation sites, get all the required planning approvals and build a station before the 2014/15 supply gap starts to emerge. > That the current climate in financial markets will make the sales processes more difficult as potential investors face higher borrowing costs. Consequently, the price achieved will be lower than could have been had the process been implemented earlier. > That the uncertainty around the impact of carbon trading on electricity prices could reduce the attractiveness of energy assets to the private sector. The NSW Government has indicated that is intends to action this plan by the end of 2009, but no firm timetable or specific sale structures have been detailed. Recommendation The NSW Government needs to act now to reduce this uncertainty by taking the following steps: Provide a timetable with clear deadlines that outlines when the energy retailers, contract management operations and development sites will be sold and the mechanisms and structures around the sale. Undertake an information campaign that clearly explains to the community the steps being taken to ensure that NSW has reliable electricity supply beyond This is critical if NSW is to attract new energyintensive businesses, and retain existing ones. 4

6 Energy Sources in a Low Carbon Environment Looking beyond the immediate needs of the next generator, the NSW Business Chamber believes all levels of government need to start planning for the future of energy in Australia under a carbon emissions trading scheme. This means not only thinking about how best to put a price on carbon, but investing in energy sources that will allow consumers and industry real choice when the carbon emissions trading scheme is introduced. Households and businesses can not react to the price of carbon, by changing to low carbon energy sources, if those alternatives are not available. There is no single source of energy that will meet all the needs of every location in Australia. Instead it is likely to be a mix of energy sources. There needs to be a comprehensive examination of all possible low-carbon emissions energy options. This then needs to be followed up by sufficient research funding and policy commitment to ensure that the optimal mix of energy sources are used in the new low carbon emissions environment. Table 1 (Appendix 1) summarises the scientific credentials of the many different energy sources that could be viable in NSW. The table also shows that the technologies are at different stages in the development cycle. The four stages of this cycle are: > Research Phase - the basic science is understood, but the technology is currently in the stage of conceptual design or testing and has not been demonstrated in a pilot plant. > Demonstration Phase - the technology has been built and operated in a pilot plant. Further development is required before the technology is ready for design and construction of a full-scale plant. > Economically Feasible under specific conditions - the technology is well understood and used in selected commercial applications but with relatively few plants in operation. > Mature Market - the technology is in operation with multiple plants operating worldwide. Some of these technologies are already mature but could possibly be more utilised - hydro, wind, solar and biomass. To date, these energy sources have tended to support base load generators at peak times, rather then act as base load generators themselves. The Federal Government needs to undertake further investigation into how the carbon emissions trading scheme will impact on these arrangements and the relative pricing impacts. Once published, this information could be then used to evaluate specific projects and sites. Another group of low carbon energy sources are still in the demonstration phase solar thermal - or only at the research level - geothermal dry hot rocks. The Federal Government needs to ensure that adequate funding is directed at these projects and ensure that Australian researchers have access to international research projects that are also working on these technologies. This leaves one energy source nuclear. This is a mature technology that is widely used in other countries and has low carbon emissions. Despite these credentials, it is currently not being considered as a future energy source by the Federal Government. Australian Labor Party policy is currently against the development of a nuclear power industry. This was reaffirmed at its 2007 National Conference, despite the same Conference abandoning its 3 mines policy for the mining of uranium. The NSW Business Chamber believes that this position must be reversed if the Federal Government is serious about reducing carbon emissions and giving Australian households and businesses a realistic choice when the carbon emissions trading scheme is introduced. Uranium Mining, Processing and Nuclear Energy: Key Findings 7 The most recent review into nuclear energy s possibilities was conducted, at the request of the previous Federal Government, by Dr Ziggy Switkowski Chairman of ANSTO. In late 2006, Dr Switkowski and his Taskforce members released their report, Uranium Mining, Processing and Nuclear Energy Opportunities for Australia? The Taskforce s brief was beyond nuclear as a source of power for electricity generation, but the key findings they made in the area of nuclear power plants were: 7 Uranium Mining, Processing and Nuclear Energy Opportunities for Australia? (2006) pg2 and pg 5 5

7 > Electricity demand in Australia is expected to continue to grow strongly, more than doubling by This will require significant additional base load and peak generating capacity. Projections suggest the need for over 100 GW of capacity by 2050 (compared to the current Australian installed capacity of 48 GW). > The earliest that nuclear electricity could be delivered to the grid would be 10 years, with 15 years more probable. > Nuclear power is an internationally proven technology that is competitive with fossil fuel base load generation in many parts of the world and contributes 15 per cent of global electricity generation. > Cost estimates suggest that in Australia nuclear power would on average be per cent more expensive to produce than coal-fired power if pollution, including carbon dioxide emissions, is not priced. > Nuclear power is the least-cost low emission technology that can provide base load power, is well established, and can play a role in Australia s future generation mix. > Nuclear power can become competitive with fossil fuel-based generation in Australia, if based on international best practice and with the introduction of low to moderate pricing of carbon dioxide emissions ($15 40 per tonne of carbon dioxide equivalent CO2-e). > The cost of nuclear power is strongly influenced by investor perceptions of risk. Risk is highly dependent on regulatory policy and the certainty of licensing and construction timeframes. > A stable policy environment and a predictable licensing and regulatory regime would be a necessary precursor to the development of nuclear power in Australia. > Accumulated funds deducted from nuclear power revenues are the best practice method to cover waste disposal and plant decommissioning costs. Recommendations > All levels of Government need to consider alternative, low carbon energy sources when planning for future electricity generators. This includes the current Federal and State Governments abandoning their ban on nuclear power plants. 6

8 Demand Management Opportunities The NSW Business Chamber is strongly supportive of NSW and Federal Government initiatives that are designed to achieve slow growth in energy demand. Programs currently underway in NSW include: > The National Strategy for Energy Efficiency (COAG) designed to accelerate energy efficiency efforts across all governments and to help households and businesses prepare for the introduction of the carbon emissions trading scheme. This includes developing national legislation for appliance energy performance standards and labelling to simplify enforcement and ensure consistency. > Building Sustainability Index (BASIX) (NSW) New houses must comply with an energy efficiency rating to gain council approval. This includes forcing builders to consider issues such as the location of the building on the block relative to sun movements, external colours and materials, insulation and how the house is to be cooled and heated. BASIX requires all new homes in NSW to use up to 40% fewer greenhouse gas emissions than the average home. > Energy Savings Action Plans (NSW) - High energy users in NSW are required to prepare Energy Savings Action Plans, this includes businesses in NSW using more than 10 gigawatt-hours per year at a site. These plans are an opportunity for high energy users to look at ways that they can reduce energy use and save money. > Energy Savings Fund (NSW) - The NSW Government s Energy Savings Fund provides $200 million over five years for projects which will save energy and reduce peak electricity demand. The NSW Business Chamber would like to see a continuation of these programs and remains committed to working with all levels of Government to explore opportunities to either expand these initiatives or develop new programs that will see the business community play its role in reducing energy consumption. Recommendations > The NSW Government continue its commitment to demand management projects. 7

9 Table 1: Characteristics of various energy sources 8 Appendix 1 Energy Source Technology Maturity Carbon intensity (kg/mwh) Water usuage (l/mwh) Capital Cost ($m/mw) Total Cost ($m/mwh) Capacity Factor NSW (%) Reliability Negative factors Hydro Mature 4 to 10 Unlimited 1.5 to to 282 Depends on water availability High Environmental damage from damming Wind Mature 7 Nil 1.8 to to 90 ~30% High when wind available Noise and amenity Solid biomass Mature Minimal 2000 (wet) 150 (dry) to 120 Varies/seasonal High High cost of transporting and storing fuel if used as a base-load Solar Thermal Demonstration (wet) 150 (dry) to (without storage) High in some areas Large area needed for a base load station (7km x7km) Geothermal Hot Dry Rock Research 2 High High Various est from similar to coal to very high Potentially high Unknown High water usage Nuclear Mature 3 1,110 to High Waste disposal, security and political will Ultrasupercritical Pulverised Coal Fuel Mature 785 to (wet) 130 (dry) 1.4 to High Carbon emissions Integrated Gasification Combined Cycle (coal) Demonstration 785 to to 2250 (wet) 225 (dry) 2.1 to Moderate (future) Higher water usage than conventional coal plants Ultra clean coal gas turbine combined cycle Demonstration 635 Unknown Unknown Unknown Unknown Unknown until full scale demo Still an relatively untested technology Combined cycle gas turbines Mature (wet) 20 (dry) 0.8 to to to 90 High Based on current gas prices could change if price rises 8 Owen Inquiry Final Report (2007) Chapter 3 8

10 For more details contact: Louise Southall (NSW BC)

Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne http://nuclearinfo.net

Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne http://nuclearinfo.net Energy Options in a Carbon Constrained World. Martin Sevior, School of Physics, University of Melbourne Energy underpins our Civilization Imagine one week without Electricity Imagine one week without Motorized

More information

Success story: Feed-In Tariffs Support renewable energy in Germany

Success story: Feed-In Tariffs Support renewable energy in Germany Success story: Feed-In Tariffs Support renewable energy in Germany This document will show how this success story has been brought about and is made up of the following sections: 1. What is a Feed-In Tariff?

More information

SUBMISSION TO DEPARTMENT OF INDUSTRY ON THE ENERGY WHITE PAPER ISSUES PAPER

SUBMISSION TO DEPARTMENT OF INDUSTRY ON THE ENERGY WHITE PAPER ISSUES PAPER SUBMISSION TO DEPARTMENT OF INDUSTRY ON THE ENERGY WHITE PAPER ISSUES PAPER u CHAMBER OF COMMERCE AND INDUSTRY QUEENSLAND SUBMISSION 7 February 2014 1 Chamber of Commerce & Industry Queensland The Chamber

More information

Generating Current Electricity: Complete the following summary table for each way that electrical energy is generated. Pros:

Generating Current Electricity: Complete the following summary table for each way that electrical energy is generated. Pros: P a g e 1 Generating Current Electricity: Complete the following summary table for each way that electrical energy is generated. Generating Electrical Energy Using Moving Water: Hydro-Electric Generation

More information

Module 7 Forms of energy generation

Module 7 Forms of energy generation INTRODUCTION In rich countries like Australia, our standard of living is dependent on easily available energy. Every time you catch a bus, turn on a light or watch television energy is being used up. Over

More information

Cutting Australia s Carbon Abatement Costs with Nuclear Power

Cutting Australia s Carbon Abatement Costs with Nuclear Power Cutting Australia s Carbon Abatement Costs with Nuclear Power Martin Nicholson, October 2011 Abstract The Australian Government Treasury modelling of a carbon price shows that Australia must purchase the

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): ENERGY. 1. Sector Performance, Problems, and Opportunities Country Operations Business Plan: Philippines, 2013 2015 SECTOR ASSESSMENT (SUMMARY): ENERGY 1. Sector Performance, Problems, and Opportunities 1. Challenges. Economic growth has been impeded in the Philippines

More information

Energy Productivity & Pricing

Energy Productivity & Pricing Energy Productivity & Pricing Markets for energy, renewable energy and carbon Dr Jenny Riesz February 2014 2 Average electricity retail prices Electricity price rises CSIRO Future Grid (2013) Change and

More information

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY

Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY Response to the Energy White Paper Issues Paper PREPARED BY EMC ENGINEERING FOR THE AUSTRALIAN GOVERNMENT DEPARTMENT OF INDUSTRY i P a g e www.energym adeclean.com CONTENTS

More information

12.5: Generating Current Electricity pg. 518

12.5: Generating Current Electricity pg. 518 12.5: Generating Current Electricity pg. 518 Key Concepts: 1. Electrical energy is produced by energy transformations. 2. Electrical energy is produced from renewable and non-renewable resources. 4. Electrical

More information

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed.

310 Exam Questions. 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 310 Exam Questions 1) Discuss the energy efficiency, and why increasing efficiency does not lower the amount of total energy consumed. 2) What are the three main aspects that make an energy source sustainable?

More information

Nuclear Power s Role in Enhancing Energy Security in a Dangerous World Al Shpyth, B.A., M.E.S. Director, Government Relations Cameco Corporation

Nuclear Power s Role in Enhancing Energy Security in a Dangerous World Al Shpyth, B.A., M.E.S. Director, Government Relations Cameco Corporation Nuclear Power s Role in Enhancing Energy Security in a Dangerous World Al Shpyth, B.A., M.E.S. Director, Government Relations Cameco Corporation Introduction: Should we be concerned about energy security?

More information

Submission to the Consultative Reference Committee Inquiry into Electricity Supply in New South Wales

Submission to the Consultative Reference Committee Inquiry into Electricity Supply in New South Wales Submission to the Consultative Reference Committee Inquiry into Electricity Supply in New South Wales Hugh Outhred Iain MacGill Rob Passey February 2008 Attention: Ms Zoe de Saram NSW Department of Premier

More information

Port Jackson Partners

Port Jackson Partners Port Jackson Partners NOT JUST A CARBON HIT ON ELECTRICITY PRICES Many factors will drive a doubling of electricity prices in many states by 15. This will have a major impact on virtually all businesses.

More information

For a sustainable energy supply

For a sustainable energy supply For a sustainable energy supply The clear task of natural gas 1 2 We are facing important choices The world is facing critical choices. Take the energy issue, for example. In a short space of time the

More information

Energy White Paper at a glance

Energy White Paper at a glance and Science Energy White Paper at a glance WWW. i Energy White Paper at a glance The Australian Government made an election commitment to deliver an Energy White Paper to give industry and consumers certainty

More information

10 Nuclear Power Reactors Figure 10.1

10 Nuclear Power Reactors Figure 10.1 10 Nuclear Power Reactors Figure 10.1 89 10.1 What is a Nuclear Power Station? The purpose of a power station is to generate electricity safely reliably and economically. Figure 10.1 is the schematic of

More information

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014

Page 1 of 11. F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1. Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Page 1 of 11 F u t u r e M e l b o u r n e C o m m i t t e e Agenda Item 7.1 Notice of Motion: Cr Wood, Renewable Energy Target 9 September 2014 Motion 1. That Council resolves that the Chair of the Environment

More information

NSW Renewable Energy Target

NSW Renewable Energy Target New South Wales Government NSW Renewable Energy Target Explanatory Paper November 2006 This page intentionally blank. NSW Renewable Energy Target Explanatory Paper Contents Introduction...2 Background...4

More information

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential

ESBI Carbon Solutions. Partnering with Countries to Achieve their Full Carbon Credit Potential ESBI Carbon Solutions Partnering with Countries to Achieve their Full Carbon Credit Potential ESB International ESB International (ESBI) is a growing international energy company and one of Europe s leading

More information

ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW

ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL INENCO OVERVIEW February 2014 ELECTRICITY MARKET REFORM (EMR) & THE ENERGY BILL The Energy Bill is the government s flagship energy policy. There have

More information

The Future of Renewables. Stuart Pocock Chief Operating Officer

The Future of Renewables. Stuart Pocock Chief Operating Officer The Future of Renewables Stuart Pocock Chief Operating Officer Who we are The REA was established in 2001 as a not-for-profit trade association, representing British renewable energy producers and promoting

More information

CANADA S RESOURCES: CONVENTIONAL AND ALTERNATIVE ENERGY

CANADA S RESOURCES: CONVENTIONAL AND ALTERNATIVE ENERGY CANADA S RESOURCES: CONVENTIONAL AND ALTERNATIVE ENERGY Introduction Canadians are among the highest energy consumers in the world. Why? (list 3 possible reasons) Northern climate/very cold temperatures

More information

Busting Myths about Renewable Energy

Busting Myths about Renewable Energy Symposium on Renewable Energy: the Future for Australia, UNSW 15 April 2014 Busting Myths about Renewable Energy Dr Mark Diesendorf Institute of Environmental Studies University of New South Wales Sydney,

More information

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012

ACCELERATING GREEN ENERGY TOWARDS 2020. The Danish Energy Agreement of March 2012 ACCELERATING GREEN ENERGY TOWARDS The Danish Energy Agreement of March 2012 The most ambitious energy plan of the world In March 2012 a historic new Energy Agreement was reached in Denmark. The Agreement

More information

Energy Quiz. Questions:

Energy Quiz. Questions: Energy Quiz Want to have some fun and learn at the same time. This is not a test. You don t have to pass it and it won t give you a grade. It will just help you learn or find out how much you remember

More information

Making Coal Use Compatible with Measures to Counter Global Warming

Making Coal Use Compatible with Measures to Counter Global Warming Making Use Compatible with Measures to Counter Global Warming The J-POWER Group is one of the biggest coal users in Japan, consuming approximately 2 million tons of coal per year at eight coal-fired power

More information

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015

Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 June 2015 Levelized Cost and Levelized Avoided Cost of New Generation Resources in the Annual Energy Outlook 2015 This paper presents average values of levelized costs for generating technologies that

More information

PICKING WINNERS: UNDERSTANDING THE FUTURE COST OF ELECTRICITY GENERATION IN AUSTRALIA

PICKING WINNERS: UNDERSTANDING THE FUTURE COST OF ELECTRICITY GENERATION IN AUSTRALIA Keywords: energy, investment, alternative energy sources, capital costs. PICKING WINNERS: UNDERSTANDING THE FUTURE COST OF ELECTRICITY GENERATION IN AUSTRALIA With liberalised electricity markets, investment

More information

3. Buying non-accredited green power from electricity retailer

3. Buying non-accredited green power from electricity retailer ATTACHMENT 1 Understanding Australia s Renewable Energy Market In Australia electricity customers have four options for neutralising the greenhouse emissions associated with their electricity use. These

More information

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources

Multiple sources of energy will be available, giving the consumer choices. A Higher Percentage of Energy will come from renewable energy sources Editor s comments: Numbers in parentheses indicate the number of duplicate or extremely similar comments made. The headings are editor s best attempt to draft vision statements reflecting the participants

More information

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company

Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Testimony of Barbara D. Lockwood, P.E. Manager, Renewable Energy Arizona Public Service Company Before the U.S. House of Representatives Select Committee on Energy Independence and Global Warming Blowing

More information

There s power in wind: fact sheet

There s power in wind: fact sheet There s power in wind: fact sheet Why do we need clean energy? Australia s clean energy future The climate is changing. The majority of climate scientists from around the world confirm greenhouse gases

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Do-Now. 1.) Get out notebook.

Do-Now. 1.) Get out notebook. Do-Now 1.) Get out notebook. 2.) Answer the following questions on the first clean sheet in your notebook. 1.) What are renewable resources? 2.) What are nonrenewable resources? Alternative Sources of

More information

Some highlights of the South Australia study include: A large untapped resource: The modelling results show strong growth in

Some highlights of the South Australia study include: A large untapped resource: The modelling results show strong growth in South Australia has enough clean energy potential to power homes remove pollution equivalent to cars create 3,000,000 450,000 5,000 new jobs Australia is in the early stages of a clean energy boom, with

More information

Electricity Insight NEW ZEALAND S ENERGY OUTLOOK. Preview of key insights: Exploring the uncertainty in future electricity demand and supply

Electricity Insight NEW ZEALAND S ENERGY OUTLOOK. Preview of key insights: Exploring the uncertainty in future electricity demand and supply NEW ZEALAND S ENERGY OUTLOOK Electricity Insight Exploring the uncertainty in future electricity demand and supply Preview of key insights: Lower demand growth and excess supply should put strong downward

More information

Levelised Unit Electricity Cost Comparison of Alternate Technologies for Baseload Generation in Ontario

Levelised Unit Electricity Cost Comparison of Alternate Technologies for Baseload Generation in Ontario Canadian Energy Research Institute Levelised Unit Electricity Cost Comparison of Alternate Technologies for Baseload Generation in Ontario Matt Ayres Senior Director, Research Electricity Morgan MacRae

More information

Briefing. Electricity Market Reform

Briefing. Electricity Market Reform Updated April 2012 Briefing Electricity Market Reform The Government s aspirations for Electricity Market Reform decarbonisation, security and affordability are sound. But the policies proposed in the

More information

Fact Sheet on China s energy sector and Danish solutions

Fact Sheet on China s energy sector and Danish solutions Fact Sheet on China s energy sector and Danish solutions 1. EXPANSION WITH RENEWABLE ENERGY: China focuses on a massive expansion with non fossil energy that is renewable energy and nuclear energy. The

More information

Renewable Choice Energy

Renewable Choice Energy Catawba College Table of Contents About Renewable Choice The Problem: Electricity Production Today The Solutions: Renewable Energy Sources Renewable Energy Credits (RECs) Who can participate in Renewable

More information

NUCLEAR FUEL CYCLE ROYAL COMMISSION. Advantages and disadvantages of different technologies and fuel sources; risks and opportunities

NUCLEAR FUEL CYCLE ROYAL COMMISSION. Advantages and disadvantages of different technologies and fuel sources; risks and opportunities NUCLEAR FUEL CYCLE ROYAL COMMISSION Submission on Issues Paper 3: Advantages and disadvantages of different technologies and fuel sources; risks and opportunities 3.8 What issues should be considered in

More information

Energy [R]evolution vs. IEA World Energy Outlook scenario

Energy [R]evolution vs. IEA World Energy Outlook scenario Energy [R]evolution vs. IEA World Energy Outlook scenario New set of scenarios takes climate crisis into account World Energy Outlook (WEO) 2008 for the first time takes the climate crisis really into

More information

Electric Utilities. Introduction to the module

Electric Utilities. Introduction to the module Introduction to the module The electric utilities module is based on a reporting framework produced by the Institutional Investors Group on Climate Change (IIGCC), Ceres, and the Investor Group on Climate

More information

Germany Energy efficiency report

Germany Energy efficiency report Germany Energy efficiency report Objectives: 231 TWh of end-user energy savings by 216 Overview 29 2-29 (% / year) Primary intensity (EU=1) 1 99 + -1.3% - CO 2 intensity (EU=1) 16 - -1.6% - CO 2 emissions

More information

Levelized Cost of New Electricity Generating Technologies

Levelized Cost of New Electricity Generating Technologies Levelized Cost of New Electricity Generating Technologies The Energy Information Administration (EIA) produces forecasts of energy supply and demand for the next 20 years using the National Energy Modeling

More information

ANNEX D ELECTRICITY MARKET REFORM: UPDATE ON THE EMISSIONS PERFORMANCE STANDARD

ANNEX D ELECTRICITY MARKET REFORM: UPDATE ON THE EMISSIONS PERFORMANCE STANDARD ANNEX D ELECTRICITY MARKET REFORM: UPDATE ON THE EMISSIONS PERFORMANCE STANDARD Contents Excutive Summary... 3 Background... 3 Level and Compliance... 4 Administration - Monitoring and Enforcment arrangements...

More information

Unlocking Electricity Prices:

Unlocking Electricity Prices: Volume 2 A BidURenergy White Paper Unlocking Electricity Prices: A White Paper Exploring Price Determinants by: Mark Bookhagen, CEP pg. 2 Written by Mark Bookhagen, CEP Introduction In order to be classified

More information

COMPETITIVENESS COMPARISON OF THE ELECTRICITY PRODUCTION ALTERNATIVES (PRICE LEVEL MARCH 2003)

COMPETITIVENESS COMPARISON OF THE ELECTRICITY PRODUCTION ALTERNATIVES (PRICE LEVEL MARCH 2003) LAPPEENRANTA UNIVERSITY OF TEHCNOLOGY RESEARCH REPORT EN B-156 COMPETITIVENESS COMPARISON OF THE ELECTRICITY PRODUCTION ALTERNATIVES (PRICE LEVEL MARCH 2003) Risto Tarjanne, Kari Luostarinen ISBN 951-764-895-2

More information

Saving energy, growing jobs

Saving energy, growing jobs Saving energy, growing jobs Victoria s energy efficiency and productivity statement June 2015 Contents Minister s foreword 1 Why energy efficiency matters for Victorians 2 Our plan for energy efficiency

More information

Financing New Coal-Fired Power Plants

Financing New Coal-Fired Power Plants Financing New Coal-Fired Power Plants Guidance Note 2011 Coal is likely to be part of the energy mix for the foreseeable future. Therefore, to limit dangerous climate change, coal-fired power generation

More information

Fiscal Year 2011 Resource Plan

Fiscal Year 2011 Resource Plan Salt River Project Fiscal Year 2011 Resource Plan Page 1 Last summer SRP hosted three resource planning workshops for a diverse group of stakeholders and customers to explain the planning process, discuss

More information

A sustainable energy and climate policy for the environment, competitiveness and long-term stability

A sustainable energy and climate policy for the environment, competitiveness and long-term stability 2009-02-05 A sustainable energy and climate policy for the environment, competitiveness and long-term stability The party leaders of Alliance for Sweden entered into an agreement today on a long-term,

More information

Personal Power Stations: The Australian Market for Micro-Combined Heat and Power to 2021

Personal Power Stations: The Australian Market for Micro-Combined Heat and Power to 2021 Personal Power Stations: The Australian Market for Micro-Combined Heat and Power to 2021 A Private Report for Strategic Research Clients 1.0 Overview Personal power plant technology could cost effectively

More information

2014 Residential Electricity Price Trends

2014 Residential Electricity Price Trends FINAL REPORT 2014 Residential Electricity Price Trends To COAG Energy Council 5 December 2014 Reference: EPR0040 2014 Residential Price Trends Inquiries Australian Energy Market Commission PO Box A2449

More information

Comparison of Renewable Portfolio Standards (RPS) Programs in PJM States

Comparison of Renewable Portfolio Standards (RPS) Programs in PJM States Regulation or Legislation Geographic Eligibility Reporting Period Banking Credit Multipliers Technology - Specific (set asides) NJ MD DC PA DE HB 1308 / SB 869 (2004) Bill 15-747 (4/12/2005) SB 1030/Act

More information

Station #1 Interpreting Infographs

Station #1 Interpreting Infographs Energy Resources Stations Activity Page # 1 Station #1 Interpreting Infographs 1. Identify and explain each of the energy sources (5) illustrated in the infograph. 2. What do the white and black circles

More information

CRS Report Summaries WORKING DRAFT

CRS Report Summaries WORKING DRAFT CRS Report Summaries R40147 Green Buildings This is a definition and analysis of the cost and benefits of green buildings. It also cites agencies and laws that encourage the building of environmentally

More information

2. The German energy transition is driven by citizens and communities.

2. The German energy transition is driven by citizens and communities. 8 Key Finfings Energy Transition The German Energiewende By Craig Morris, Martin Pehnt An initiative of the Heinrich Böll Foundation Released on 28 November 2012 Revised July 2015 www. 8 Key Findings German

More information

ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT

ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT June 28, 1999 ANALYSIS OF THE ADMINISTRATION S PROPOSED TAX INCENTIVES FOR ENERGY EFFICIENCY AND THE ENVIRONMENT INTRODUCTION A few months ago in the FY 2000 budget the President proposed a $3.6 billion

More information

Netherlands National Energy Outlook 2014

Netherlands National Energy Outlook 2014 Netherlands National Energy Outlook 2014 Summary Michiel Hekkenberg (ECN) Martijn Verdonk (PBL) (project coordinators) February 2015 ECN-E --15-005 Netherlands National Energy Outlook 2014 Summary 2 The

More information

URANIUM MINING, PROCESSING AND NUCLEAR ENERGY OPPORTUNITIES FOR AUSTRALIA?

URANIUM MINING, PROCESSING AND NUCLEAR ENERGY OPPORTUNITIES FOR AUSTRALIA? URANIUM MINING, PROCESSING AND NUCLEAR ENERGY OPPORTUNITIES FOR AUSTRALIA? URANIUM MINING, PROCESSING AND NUCLEAR ENERGY OPPORTUNITIES FOR AUSTRALIA? URANIUM MINING, PROCESSING AND NUCLEAR ENERGY OPPORTUNITIES

More information

Security of electricity supply

Security of electricity supply Security of electricity supply Definitions, roles & responsibilities and experiences within the EU Thomas Barth Chairman of Energy Policy & Generation Committee EURELECTRIC Outline Security of Supply a

More information

Role of Natural Gas in a Sustainable Energy Future

Role of Natural Gas in a Sustainable Energy Future Role of Natural Gas in a Sustainable Energy Future Alexander Medvedev, Deputy Chairman of Gazprom Management Committee, Director General of Gazprom Export 2 nd Ministerial Gas Forum Doha, 30 November 2010

More information

Levelised Cost of Electricity for a Range of New Power Generating Technologies. Sciences and Engineering (ATSE)

Levelised Cost of Electricity for a Range of New Power Generating Technologies. Sciences and Engineering (ATSE) New power cost comparisons Levelised Cost of Electricity for a Range of New Power Generating Technologies Report by the Australian Academy of Technological Sciences and Engineering (ATSE) MaRch 211 New

More information

COUNTY OF LAMBTON OFFICIAL PLAN UPDATE BACKGROUND REPORT NO.

COUNTY OF LAMBTON OFFICIAL PLAN UPDATE BACKGROUND REPORT NO. COUNTY OF LAMBTON OFFICIAL PLAN UPDATE BACKGROUND REPORT NO. 6 RENEWABLE ENERGY Image Source: (Word Clip Art Stock Photo, 2011) Date: May, 2015 BACKGROUND PLANNING AND DEVELOPMENT SERVICES DEPARTMENT 789

More information

Business Council of Australia. Submission to the Owen Inquiry into Electricity Supply in NSW

Business Council of Australia. Submission to the Owen Inquiry into Electricity Supply in NSW Business Council of Australia Submission to the Owen Inquiry into Electricity Supply in NSW July 2007 TABLE OF CONTENTS 1 Introduction...2 2 The Benefits of Past Reform...4 3 Policy Outcomes and Steps

More information

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October

Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October Keisuke Sadamori Director, Energy Markets and Security International Energy Agency Kuala Lumpur, 8 October The context Southeast Asia is a key pillar of Asia s growth A mix of countries with disparate

More information

1. Nuclear - In YOUR OWN WORDS (not your partner s words) explain how this energy source works.

1. Nuclear - In YOUR OWN WORDS (not your partner s words) explain how this energy source works. ENERGY RESOURCES ACTIVITY Integrated Science 4 Name: Date: Period: Directions: In groups, you will be going from station to station answering questions about differing energy resource. Each individual

More information

CLEAN GREEN & SUSTAINABLE NS1439215

CLEAN GREEN & SUSTAINABLE NS1439215 CLEAN GREEN & SUSTAINABLE NS1439215 1 Contents 2 Introduction Strategic Alignment 1 - Energy Efficiency 2 - Water Management 3 - Fleet and Plant Management 4 - Carbon Offsets 5 - Waste Management Everything

More information

Renewable energy Prepared by Audit Scotland

Renewable energy Prepared by Audit Scotland Renewable energy Prepared by Audit Scotland September 2013 Auditor General for Scotland The Auditor General s role is to: appoint auditors to Scotland s central government and NHS bodies examine how public

More information

SUSTAINABLE ENERGY BLUEPRINT

SUSTAINABLE ENERGY BLUEPRINT SUSTAINABLE ENERGY BLUEPRINT A PLAUSIBLE STRATEGY FOR ACHIEVING A NO-NUCLEAR, LOW- CARBON, HIGHLY-EFFICIENT AND SUSTAINABLE ENERGY FUTURE The following statement outlines an ambitious but doable strategy

More information

The levy control framework (LCF) & contracts for difference (CfD) allocation what it means for the low-carbon generation mix

The levy control framework (LCF) & contracts for difference (CfD) allocation what it means for the low-carbon generation mix The levy control framework (LCF) & contracts for difference (CfD) allocation what it means for the low-carbon generation mix Gareth Redmond 24 th September, 2014 Paid for through energy bills costs passed

More information

5-Minute Refresher: RENEWABLE ENERGY

5-Minute Refresher: RENEWABLE ENERGY 5-Minute Refresher: RENEWABLE ENERGY Renewable Energy Key Ideas Renewable energy is a source of energy that can be used and replenished naturally in a relatively short period of time. Non renewable energy

More information

Clean Energy Trends in North Carolina. www.energync.org

Clean Energy Trends in North Carolina. www.energync.org Clean Energy Trends in North Carolina www.energync.org Agenda Background North Carolina Clean Energy Resources & Technologies North Carolina Clean Energy Policies North Carolina Clean Energy Trends Generation

More information

Report to AGEA. Comparative Costs of Electricity Generation Technologies. February 2009. Ref: J1721

Report to AGEA. Comparative Costs of Electricity Generation Technologies. February 2009. Ref: J1721 Report to AGEA Comparative Costs of Electricity Generation Technologies February 2009 Ref: J1721 Project Team Walter Gerardi Antoine Nsair Melbourne Office Brisbane Office 242 Ferrars Street GPO Box 2421

More information

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE

INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE DEWAN PERWAKILAN RAKYAT REPUBLIK INDONESIA INDONESIA S COUNTRY REPORT ENCOURAGING CLEAN ENERGY INITIATIVE As part of the international community, Indonesia shares its concern on the environment and development

More information

NATURAL GAS - WHY SO LITTLE RECOGNITION?

NATURAL GAS - WHY SO LITTLE RECOGNITION? NATURAL GAS - WHY SO LITTLE RECOGNITION? Steve Davies Policy Adviser Australian Pipeline Industry Association Overview Natural Gas in Australia Real energy contribution Natural gas can help in many ways

More information

The Cost of Power Generation

The Cost of Power Generation ENERGY The Cost of Power Generation The current and future competitiveness of renewable and traditional technologies By Paul Breeze Paul Breeze Dr Paul Breeze has specialized in the electricity sector

More information

Solar Power in China. By Zhou Fengqing

Solar Power in China. By Zhou Fengqing Solar Power in China By Zhou Fengqing Overview Adjust Chinese power structure Feasibility of solar power in China Solar energy as national policies Legislations of solar energy Adjust Chinese Power Structure

More information

Smart solutions for fleets of all types & sizes of power generation. Marcus König, E F IE SGS / September 2013

Smart solutions for fleets of all types & sizes of power generation. Marcus König, E F IE SGS / September 2013 Smart solutions for fleets of all types & sizes of power generation Marcus König, E F IE SGS / September 2013 Instrumentation, Controls & Electrical The Siemens structure: Four Sectors close to the customer

More information

Clean State Energy Actions 2011 Update. connecticut

Clean State Energy Actions 2011 Update. connecticut Energy Efficiency Appliance/Equipment Efficiency Standards Building Energy Codes Utility Demand-Side-Management Utility Rate Realignment Energy Savings Targets/Energy Efficiency Resource Standards Public

More information

Powering a desalination plant: clean energy or more coal? A discussion paper by Environment Victoria

Powering a desalination plant: clean energy or more coal? A discussion paper by Environment Victoria Powering a desalination plant: clean energy or more coal? A discussion paper by Environment Victoria 1. Introduction In June 2007 the Victorian Government released its water blueprint Our Water Our future

More information

Sustainable Schools 2009. Renewable Energy Technologies. Andrew Lyle RD Energy Solutions

Sustainable Schools 2009. Renewable Energy Technologies. Andrew Lyle RD Energy Solutions Sustainable Schools 2009 Renewable Energy Technologies Andrew Lyle RD Energy Solutions RD Energy Solutions Energy efficiency and renewable energy consultancy Project management of installations Maintenance

More information

NEW NUCLEAR POWER PLANT UNIT IN FINLAND ACCEPTED BY THE FINNISH PARLIAMENT

NEW NUCLEAR POWER PLANT UNIT IN FINLAND ACCEPTED BY THE FINNISH PARLIAMENT International Conference Nuclear Energy for New Europe 2002 Kranjska Gora, Slovenia, September 9-12, 2002 www.drustvo-js.si/gora2002 NEW NUCLEAR POWER PLANT UNIT IN FINLAND ACCEPTED BY THE FINNISH PARLIAMENT

More information

Desirable Fusion Reactor Qualities for Commercial Electrical Generation Applications. Vince Page March, 2005

Desirable Fusion Reactor Qualities for Commercial Electrical Generation Applications. Vince Page March, 2005 Desirable Fusion Reactor Qualities for Commercial Electrical Generation Applications Vince Page March, 2005 The mechanics of power generation have changed little since Hero invented his toy engine in ~100

More information

Australian Pipeline Industry Association

Australian Pipeline Industry Association Australian Pipeline Industry Association NATURAL GAS REPORT January 2009 Natural Gas in Australia Australia has abundant reserves of natural gas. Natural gas predominantly comprises methane, a colourless

More information

Energy Savings Agency: The Greens plan to fix Australia s energy system

Energy Savings Agency: The Greens plan to fix Australia s energy system Energy Savings Agency: The Greens plan to fix Australia s energy system Our electricity system is in bad shape. Power bills have skyrocketed in recent years, mainly because of unnecessary investment in

More information

Hydro Power Projections Report. Jennifer Palmer

Hydro Power Projections Report. Jennifer Palmer Hydro Power Projections Report Jennifer Palmer Abstract- The purpose of this report is to assess the current and future role of hydro power in the UK energy supply market. The historical trends and barriers

More information

Comparison of Recent Trends in Sustainable Energy Development in Japan, U.K., Germany and France

Comparison of Recent Trends in Sustainable Energy Development in Japan, U.K., Germany and France Comparison of Recent Trends in Sustainable Energy Development in Japan, U.K., Germany and France Japan - U.S. Workshop on Sustainable Energy Future June 26, 2012 Naoya Kaneko, Fellow Center for Research

More information

SECTOR ASSESSMENT (SUMMARY): ENERGY 1. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): ENERGY 1. 1. Sector Performance, Problems, and Opportunities Country Partnership Strategy: Bangladesh, 2011 SECTOR ASSESSMENT (SUMMARY): ENERGY 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. Power generation gap. Bangladesh endures long

More information

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives

SaskPower CCS Global Consortium Bringing Boundary Dam to the World. Mike Monea, President Carbon Capture and Storage Initiatives SaskPower CCS Global Consortium Bringing Boundary Dam to the World Mike Monea, President Carbon Capture and Storage Initiatives 1 Purpose of Today A. CCS around the world B. What SaskPower is doing C.

More information

Greenhouse gas abatement potential in Israel

Greenhouse gas abatement potential in Israel Greenhouse gas abatement potential in Israel Israel s GHG abatement cost curve Translated executive summary, November 2009 1 Executive Summary Background At the December 2009 UNFCCC Conference in Copenhagen,

More information

Carbon capture and storage: UK s fourth energy pillar, or broken bridge? SCCS Briefing 2009-03

Carbon capture and storage: UK s fourth energy pillar, or broken bridge? SCCS Briefing 2009-03 Carbon capture and storage: UK s fourth energy pillar, or broken bridge? SCCS Briefing 2009-03 Stuart Haszeldine s.haszeldine@ed.ac.uk Professor of Geology, School of GeoSciences, University of Edinburgh

More information

MCQ - ENERGY and CLIMATE

MCQ - ENERGY and CLIMATE 1 MCQ - ENERGY and CLIMATE 1. The volume of a given mass of water at a temperature of T 1 is V 1. The volume increases to V 2 at temperature T 2. The coefficient of volume expansion of water may be calculated

More information

Australian Activities in Clean Hydrogen from Coal & Natural Gas. Dr John K Wright Director CSIRO Energy Transformed Flagship Program

Australian Activities in Clean Hydrogen from Coal & Natural Gas. Dr John K Wright Director CSIRO Energy Transformed Flagship Program Australian Activities in Clean Hydrogen from Coal & Natural Gas Dr John K Wright Director CSIRO Energy Transformed Flagship Program Outline Characteristics of energy in Australia Energy responses Clean

More information

Electricity Market Reform: Proposals for Implementation

Electricity Market Reform: Proposals for Implementation EMR Programme Team Department of Energy & Climate Change 4 th Floor Area D 3 Whitehall Place London SW1A 2AW 23 rd December 2013 Dear Sirs, Electricity Market Reform: Proposals for Implementation I am

More information

The Economics of Nuclear Power: Is New Nuclear Competitive?

The Economics of Nuclear Power: Is New Nuclear Competitive? The Economics of Nuclear Power: Is New Nuclear Competitive? Craig A. Severance CPA Author, Business Risks and Costs of New Nuclear Power (2009) Co-Author, The Economics of Nuclear and Coal Power (1976)

More information

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6

SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 CONTENTS SECTION 1. PREAMBLE 3 SECTION 2. EXECUTIVE SUMMARY 4 ABOUT US 6 Disclaimer notice on page 8 applies throughout. Page 2 SECTION 1. PREAMBLE The New Energy Outlook (NEO) is Bloomberg New Energy

More information