NewEnergyNews: QUICK NEWS, August 22: NEW ENERGY OFFERS MICHIGAN JOBS; DO NOTHING CONGRESS COSTS WIND JOBS – STUDY; NEW ENERGY IN THE 2012 MARKET

NewEnergyNews

Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

The challenge: To make every day Earth Day.

YESTERDAY

  • THE STUDY: ADDING UP THE CLIMATE CHANGE NUMBERS
  • QUICK NEWS, Sept. 29: PRES SAYS YES TO CLIMATE ACTION, SENATE STUCK; FLAWED NEW PLAN FOR NEW ENERGY IN CALIF; SOLAR PANELS GET BETTER
  • THE DAY BEFORE

  • Weekend Video: Obama On Climate Change At The UN
  • Weekend Video: Jon Stewart Heats Up Over Climate Change
  • Weekend Video: Colbert Asks If “This Changes Everything”
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    GET THE DAILY HEADLINES EMAIL: CLICK HERE TO SUBMIT YOUR EMAIL ADDRESS OR SEND YOUR EMAIL ADDRESS TO: herman@NewEnergyNews.net

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    THE DAY BEFORE THE DAY BEFORE

  • FRIDAY WORLD HEADLINE-HIGH WATER RISING – EVERYWHERE
  • FRIDAY WORLD HEADLINE-MOROCCO WIND BOOM COMING
  • FRIDAY WORLD HEADLINE-INDIA BOOSTS ITS SOLAR BUILD
  • FRIDAY WORLD HEADLINE-ABU DHABI BUYS A PIECE OF NORWAY’S STAKE IN UK OFFSHORE WIND
  • THE DAY BEFORE THAT

    THINGS-TO-THINK-ABOUT THURSDAY, Sept. 25:

  • TTTA Thursday-THE PRIVATE SECTOR FACES CLIMATE CHANGE
  • TTTA Thursday-SOLAR WILL POWER SCHOOLS, EARN MONEY FOR TEACHERS
  • TTTA Thursday-A RIDE IN TOMORROW’S CAR
  • TTTA Thursday-A LOOK AT SEE-THROUGH SOLAR
  • AND THE DAY BEFORE THAT

  • THE STUDY: FREEING THE NATIONAL TREASURE IN U.S. NATIONAL LABS
  • QUICK NEWS, Sept. 24: ROCKEFELLERS DIVEST OIL FOR NEW ENERGY; BOLD $8BIL WIND BUILD-TRANSMIT-STORE PROJECT; CALIF TARGETS 1.5MIL 0-EMISSIONS CARS BY 2024
  • THE LAST DAY UP HERE

  • THE STUDY: WHERE OFFSHORE WIND IS IN THE WORLD
  • QUICK NEWS, Sept. 23: THE NEW ENERGY TRANSITION; THE MATTER OF WIND IN KANSAS; MICROGRID TECHNOLOGY MARKET TO QUADRUPLE
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    Anne B. Butterfield of Daily Camera and Huffington Post, is a biweekly contributor to NewEnergyNews

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT)

    November 26, 2013 (Huffington Post via NewEnergyNews)

    Everywhere we turn, environmental news is filled with horrid developments and glimpses of irreversible tipping points.

    Just a handful of examples are breathtaking: Scientists have dared to pinpoint the years at which locations around the world may reach runaway heat, and in the northern hemisphere it's well in sight for our children: 2047. Survivors of Superstorm Sandy are packing up as costs of repair and insurance go out of reach, one threat that climate science has long predicted. Or we could simply talk about the plight of bees and the potential impact on food supplies. Surprising no one who explores the Pacific Ocean, sailor Ivan MacFadyen described long a journey dubbed The Ocean is Broken, in which he saw vast expanses of trash and almost no wildlife save for a whale struggling a with giant tumor on its head, evoking the tons of radioactive water coming daily from Fukushima's lamed nuclear power center. Rampaging fishing methods and ocean acidification are now reported as causing the overpopulation of jellyfish that have jammed the intakes of nuclear plants around the world. Yet the shutting down of nuclear plants is a trifling setback compared with the doom that can result in coming days at Fukushima in the delicate job to extract bent and spent fuel rods from a ruined storage tank, a project dubbed "radioactive pick up sticks."

    With all these horrors to ponder you wouldn't expect to hear that you should also worry about the United States running out of coal. But you would be wrong, says Leslie Glustrom, founder and research director for Clean Energy Action. Her contention is that we've passed the peak in our nation's legendary supply of coal that powers over one-third of our grid capacity. This grim news is faithfully spelled out in three reports, with the complete story told in Warning: Faulty Reporting of US Coal Reserves (pdf). (Disclosure: I serve on CEA's board and have known the author for years.)

    Glustrom's research presents a sea change in how we should understand our energy challenges, or experience grim consequences. It's not only about toxic and heat-trapping emissions anymore; it's also about having enough energy generation to run big cities and regions that now rely on coal. Glustrom worries openly about how commerce will go on in many regions in 2025 if they don't plan their energy futures right.

    2013-11-05-FigureES4_FULL.jpgclick to enlarge

    Scrutinizing data for prices on delivered coal nationwide, Glustrom's new report establishes that coal's price has risen nearly 8 percent annually for eight years, roughly doubling, due mostly to thinner, deeper coal seams plus costlier diesel transport expenses. Higher coal prices in a time of "cheap" natural gas and affordable renewables means coal companies are lamed by low or no profits, as they hold debt levels that dwarf their market value and carry very high interest rates.

    2013-11-05-Table_ES2_FULL.jpgclick to enlarge

    2013-11-05-Figure_ES2_FULL.jpg

    One leading coal company, Patriot, filed for bankruptcy last year; many others are also struggling under bankruptcy watch and not eager to upgrade equipment for the tougher mining ahead. Add to this the bizarre event this fall of a coal lease failing to sell in Wyoming's Powder River Basin, the "Fort Knox" of the nation's coal supply, with some pundits agreeing this portends a tightening of the nation's coal supply, not to mention the array of researchers cited in the report. Indeed, at the mid point of 2013, only 488 millions tons of coal were produced in the U.S.; unless a major catch up happens by year-end, 2013 may be as low in production as 1993.

    Coal may exist in large quantities geologically, but economically, it's getting out of reach, as confirmed by US Geological Survey in studies indicating that less than 20 percent of US coal formations are economically recoverable, as explored in the CEA report. To Glustrom, that number plus others translate to 10 to 20 years more of burning coal in the US. It takes capital, accessible coal with good heat content and favorable market conditions to assure that mining companies will stay in business. She has observed a classic disconnect between camps of professionals in which geologists tend to assume money is "infinite" and financial analysts tend to assume that available coal is "infinite." Both biases are faulty and together they court disaster, and "it is only by combining thoughtful estimates of available coal and available money that our country can come to a realistic estimate of the amount of US coal that can be mined at a profit." This brings us back to her main and rather simple point: "If the companies cannot make a profit by mining coal they won't be mining for long."

    No one is more emphatic than Glustrom herself that she cannot predict the future, but she presents trend lines that are robust and confirmed assertively by the editorial board at West Virginia Gazette:

    Although Clean Energy Action is a "green" nonprofit opposed to fossil fuels, this study contains many hard economic facts. As we've said before, West Virginia's leaders should lower their protests about pollution controls, and instead launch intelligent planning for the profound shift that is occurring in the Mountain State's economy.

    The report "Warning, Faulty Reporting of US Coal Reserves" and its companion reports belong in the hands of energy and climate policy makers, investors, bankers, and rate payer watchdog groups, so that states can plan for, rather than react to, a future with sea change risk factors.

    [Clean Energy Action is fundraising to support the dissemination of this report through December 11. Contribute here.]

    It bears mentioning that even China is enacting a "peak coal" mentality, with Shanghai declaring that it will completely ban coal burning in 2017 with intent to close down hundreds of coal burning boilers and industrial furnaces, or shifting them to clean energy by 2015. And Citi Research, in "The Unimaginable: Peak Coal in China," took a look at all forms of energy production in China and figured that demand for coal will flatten or peak by 2020 and those "coal exporting countries that have been counting on strong future coal demand could be most at risk." Include US coal producers in that group of exporters.

    Our world is undergoing many sorts of change and upheaval. We in the industrialized world have spent about a century dismissing ocean trash, overfishing, pesticides, nuclear hazard, and oil and coal burning with a shrug of, "Hey it's fine, nature can manage it." Now we're surrounded by impacts of industrial-grade consumption, including depletion of critical resources and tipping points of many kinds. It is not enough to think of only ourselves and plan for strictly our own survival or convenience. The threat to animals everywhere, indeed to whole systems of the living, is the grief-filled backdrop of our times. It's "all hands on deck" at this point of human voyaging, and in our nation's capital, we certainly don't have that. Towns, states and regions need to plan fiercely and follow through. And a fine example is Boulder Colorado's recent victory to keep on track for clean energy by separating from its electric utility that makes 59 percent of its power from coal.

    Clean Energy Action is disseminating "Warning: Faulty Reporting of US Coal Reserves" for free to all manner of relevant professionals who should be concerned about long range trends which now include the supply risks of coal, and is supporting that outreach through a fundraising campaign.

    [Clean Energy Action is fundraising to support the dissemination of this report through December 11. Contribute here.]

    Author's note: Want to support my work? Please "fan" me at Huffpost Denver, here (http://www.huffingtonpost.com/anne-butterfield). Thanks.

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    Anne's previous NewEnergyNews columns:

  • Another Tipping Point: US Coal Supply Decline So Real Even West Virginia Concurs (REPORT), November 26, 2013
  • SOLAR FOR ME BUT NOT FOR THEE ~ Xcel's Push to Undermine Rooftop Solar, September 20, 2013
  • NEW BILLS AND NEW BIRDS in Colorado's recent session, May 20, 2013
  • Lies, damned lies and politicians (October 8, 2012)
  • Colorado's Elegant Solution to Fracking (April 23, 2012)
  • Shale Gas: From Geologic Bubble to Economic Bubble (March 15, 2012)
  • Taken for granted no more (February 5, 2012)
  • The Republican clown car circus (January 6, 2012)
  • Twenty-Somethings of Colorado With Skin in the Game (November 22, 2011)
  • Occupy, Xcel, and the Mother of All Cliffs (October 31, 2011)
  • Boulder Can Own Its Power With Distributed Generation (June 7, 2011)
  • The Plunging Cost of Renewables and Boulder's Energy Future (April 19, 2011)
  • Paddling Down the River Denial (January 12, 2011)
  • The Fox (News) That Jumped the Shark (December 16, 2010)
  • Click here for an archive of Butterfield columns

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    Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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    Your intrepid reporter

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  • Wednesday, August 22, 2012

    QUICK NEWS, August 22: NEW ENERGY OFFERS MICHIGAN JOBS; DO NOTHING CONGRESS COSTS WIND JOBS – STUDY; NEW ENERGY IN THE 2012 MARKET

    NEW ENERGY OFFERS MICHIGAN JOBS Michigan State study: state ballot proposal would create over 74,000 jobs

    Carl Levesque, August 17, 2012 (Wind Energy Weekly)

    “At least 74,495 Michigan jobs will be created if the Michigan Energy Michigan Jobs renewable energy ballot proposal passes in November...[According to Michigan State University’s Projected Job and Investment Impacts of Policy Requiring 25% Renewable Energy by 2025 in Michigan, the proposal] would create more than $10 billion in new investments…

    “…[T]he proposal would create 31,513 jobs from construction and 42,982 jobs from operations and maintenance. A range of additional job impacts could follow passage of the proposal…All told, the initiative would create between 74,495 and 113,845 jobs in Michigan…Under the proposed RPS, the 25 percent threshold would be met in increments, with wind, solar, hydro and biomass qualifying as resources…”

    “…The proposal includes a 1 percent cap on electricity rate increases, a provision that answers any possible claims by opponents that the RPS would negatively impact consumers’ wallets…

    “…Given the current cost of electricity in the state, the RPS would not be expected to trigger such a rate cap, even without the federal Production Tax Credit, wind power’s crucial primary policy driver that is awaiting extension. Current power-price revenues for the two largest utilities in the state are at around $100 per megawatt-hour, and wind power purchase agreements in the state range between $65 and $95/MWh.) Currently Michigan has an RPS of 10 percent by 2015…”

    DO NOTHING CONGRESS COSTS WIND JOBS – STUDY Study Confirms PTC Uncertainty's Impact On Wind Jobs, Reveals Top States For Clean Energy Jobs

    16 August 2012 (North American Windpower)

    “As many as 37,409 jobs could be created from the more than 70 major clean energy projects announced across the U.S. during the second quarter of this year [but the potential end of the production tax credit (PTC) already is putting a damper on the growth of the wind industry], according to a recent report from Environmental Entrepreneurs (E2), a national group of business leaders who advocate for sound economic and environmental policies…

    “In the second quarter, E2 tracked 12 wind project announcements that are poised to create about 2,300 jobs, compared to 31 wind project announcements that would create more than 9,100 jobs in the first quarter of this year…[but] uncertainty over the production tax credit…[is] already taking its toll on job creation in that sector…”

    “…[T]he top [5] states for clean energy jobs in the second quarter were…California (16 projects announced with 20,879 possible jobs)…Florida (three projects announced with 7,375 possible jobs)…New York (three projects announced with 1,408 possible jobs)…Michigan (nine projects announced with 1,319 possible jobs)…Colorado (two projects announced with 1,100 possible jobs)…

    “Clean energy projects were announced in 30 states in the second quarter. Nearly one-third of the announcements were in Midwest states, including Michigan, Ohio and Illinois.”

    NEW ENERGY IN THE 2012 MARKET Clean Edge Stock Index Update – Q2 2012; Quarterly update on CELS, QWND, and QGRD through June 30, 2012

    August 21, 2012 (Clean Edge)

    “CELS is designed to track the performance of U.S.-listed companies that are primarily manufacturers, developers, distributors, or installers of clean-energy technologies. The Index lost 13.54 percent during Q2 2012 and is down 39.08 percent over the last 12 months…

    “QWND is a modified market-capitalization index and includes companies that are primarily manufacturers, developers, distributors, installers, and users of energy derived from wind sources. The index dropped 23.44 percent during Q2 2012 and is down 44.91 percent over the last 12 months…”

    “QGRD is a modified market-capitalization index and includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector. The index fell 5.89 percent in Q2 2012 and is down 19.23 percent over the last 12 months.

    “An exchange traded fund (ETF) is based on the NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index and is sponsored by First Trust Advisors L.P. To learn more about QGRD methodology, up-to-date performance, licensing information, and licensed products please visit www.cleanedge.com/ceindex/...”

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