QUICK NEWS, January 15: A Plan To Attack Climate Change; New Energy Is Reshaping The Power System
A Plan To Attack Climate Change Seven-point plan to help tackle growing threat of climate change: Report
January 14, 2019 (The Economic Times)
A seven-point plan may help policy-makers devise new, coherent and collaborative strategies to fight the greatest global environmental threats…[P]oliticians and legislators can develop a new way to tackle the growing threat of climate change…[in response to the recent IPCC report showing] that the human impacts on the environment are already tipping the world into…[the Anthropocene, a] new era is defined by the effect human-kind has already caused on Earth, from mass extinctions of plant and animal species to polluted oceans and altered atmosphere…
[The paper argues] there also needs to be a new way to tackle the geographical, boundary, spatial, ecological and socio-political complexities of the issue…[because] there are multiple threats to the resilience of the Earth systems…[It offers no 'simple solutions', but outlines] seven guiding principles to help tackle the growing environmental threat brought by man-made climate change. These include selecting existing, robust policies to help formulate policy decisions, the need for decisions to be made consistently across regional, national and global boundaries, and a more conclusive look at the true extent that the environment is being impacted…” click here for more
New Energy Is Reshaping The Power System Renewable Energy Boom Is Pushing The Grid To Its Limits, Prompting Operators To Reinvent Themselves
Jean-Marc Ollagnier, January 14, 2019 (Forbes)
“…[The earnings growth of many electricity distribution utilities will likely] remain under severe pressure until around 2025. The ever-growing amount of distributed energy resources (DER), such as renewable energy sources like home solar photovoltaics and energy storage, are making the grid more difficult and costly to manage for operators…[and] stagnant or even decreasing total electricity demand in some geographies is also putting additional pressure on earnings…[The 2018 Digitally Enabled Grid research] found that 95 percent of respondents agree that deployment of distributed generation is increasing at a more rapid rate than distribution companies can build needed hosting capacity in high demand areas. In addition, 99 percent of respondents believe that parts of their grid will have reached maximum capacity in the next five years…
[…In the longer term, electric] distribution utilities have the potential for a bright future, both as profitable businesses and playing a key role as a pivotal component in the future power system…[because, according to 97 percent of respondents,] earnings will grow beyond 2025, thanks to expected improvements in process efficiency and network performance as well as new sources of revenue from additional services…The key to adapting to this new landscape is for distributors to develop greater operational agility to further drive cost savings, and to pursue potential new business opportunities by tapping into digital technologies [like advanced analytics, robotics, digital twins and drones] and implementing new business models…[We advise process optimization --by implementing digital asset management, deploying smart infrastructure and supporting more connected workers…” click here for more
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