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Stranded Coal Assets In Japan

November 25, 2019 By EarthWise Leave a Comment

Japan is facing a looming financial problem as a result of heavy investments in coal technology that may quickly become stranded assets as renewable energy sources become increasingly inexpensive.

Japan is gradually adding more ambitious policies with regard to climate change including goals to reduce emissions and to have renewables become the main source of power over the next three decades. But despite these policy efforts, Japan is still investing heavily in coal power. Japan currently has 21 new coal projects with over 11 GW of under-construction, permitted or pre-permitted coal capacity. But these tens of billions of dollars in assets would have to be closed prematurely in order to remain consistent with the goals of the Paris Climate Agreement.

According to a new report by the Carbon Tracker Initiative, a financial think tank, and the University of Tokyo, offshore wind power will be cheaper than coal in Japan by 2022, new solar cheaper by 2023, and onshore wind less expensive by 2025. The price of offshore wind is already comparable to existing coal power in Japan. Japan had a total of 55.5 GW of solar capacity last year and has the potential to reach 150 GW by 2030.

The report notes that 42% of the global coal fleet likely became unprofitable last year and this could rise to 72% by 2040. The authors contend that building coal power today equals high-cost power and financial liabilities tomorrow. The planned and operating coal capacity in Japan is partially protected by regulations that give coal generators an unfair advantage in the marketplace. Ultimately, the stranded coal assets are likely to be passed down to consumers through higher power prices.

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Land of the Rising Sun and Offshore Wind

Photo, posted April 25, 2019, courtesy of Jen via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Falling Bee Populations

September 9, 2019 By EarthWise Leave a Comment

For many years, scientists have been sounding the alarm on the global struggle of pollinators. A reported 40% of invertebrate pollinator species, including bees and butterflies, are facing extinction. And since as much as three-quarters of the world’s food crops depend on pollination, the decline of these pollinators poses a major threat to global food security.

Pollinators aid in the production of all sorts of crops, including coffee, cacao, cotton, apples, and almonds – to name a few. The global value of crops requiring pollination ranges from $235-$577 billion annually.

Honey bees are among the struggling pollinators. Over the past 15 years, bee colonies have been disappearing at an alarming rate in what is known as the “colony collapse disorder.” Some regions have seen losses of up to 90%.

In the United States, managed honey bee populations declined by nearly 40% over this past winter, the largest such winter decline since surveying began in 2006.

In recent months, mass honey bee declines have also been reported in Russia, according to the BBC. Russia, which produces a whopping 110,000 tons of honey annually, expects that figure to drop by as much as 20%. The widespread bee decline is likely to not only push up honey prices, but the prices of other popular foods as well. Many staple food crops in Russia, including sunflowers, buckwheat, and fruit trees, rely on bees for pollination.

Experts have blamed the bee decline crisis on a combination of factors, including pesticides (most notably neonicotinoids), varroa mites, and climate change.

Bees play a vital role in food production, and their continued decline will have devastating consequences.

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Russia alarmed by large fall in bee populations

Photo, posted July 28, 2019, courtesy of Ivan Radic via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

We’re Still Eating The Wrong Things

August 23, 2019 By EarthWise 1 Comment

A new study published in the Journal of the Academy of Nutrition and Dietetics has found that despite efforts to increase public awareness of health issues related to diet, the amount of processed meat consumed by Americans has remained unchanged in the past 18 years. Furthermore, our intake of fish and shellfish has not increased. One quarter of US adults are still eating more unprocessed read meat than the recommended level, and less than 15% meet the current guidelines for fish and shellfish consumption.

About the only positive note is that Americans are eating less beef and more chicken than they did 18 years ago and, in fact, for the first time, the consumption of poultry exceeds that of unprocessed red meat.

Accumulating evidence has linked excessive consumption of processed meat to increased risk of obesity, diabetes, cardiovascular diseases, and some cancers. The study’s authors speculate that public awareness of these linkages is not widespread enough to affect change and, in any case, factors other than health – social, cultural, and economic – have greater influence over Americans’ food choices. The top five consumed processed meats are luncheon meat, sausage, hot dogs, ham, and bacon.

The low consumption of fish and shellfish among U.S. adults could be due to high retail prices, lack of awareness of the health benefits, and concerns about mercury contamination in certain types of fish.

Future research is needed to identify barriers to reducing processed meat consumption and increased seafood consumption. Policies such as nutrition quality standards, excise taxes, health warning labels, and other interventions need to be explored.

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Americans still eat too much processed meat and too little fish

Photo, posted January 28, 2014, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Sunlight As A Cash Crop

July 10, 2019 By EarthWise Leave a Comment

It isn’t so easy to be a farmer these days. Farming has always involved long hours, hard work and the uncertainties of weather and yield. The 21st Century has added new and unique challenges such as increasingly unpredictable weather, insect infestation and disease, and low commodity prices. Add in sudden tariffs and farmers struggle even more to make ends meet. The default rate for farmers’ loans is the the highest in at least nine years.

One thing that remains reliable for farmers is the sun. It rises in the morning and goes down at night. The sun can be trusted, unlike politicians, rain, or commodity prices. These days, many farmers are taking advantage of the dependability of the sun to make money from a new cash crop: solar energy.

The trend is spreading. North Carolina has been a leading solar energy state for several years and a 2017 report found that solar energy generates 30% of the income of many farms. Typical annual rent payments for farmland by solar companies range from $500 to $1,400 per acre in North Carolina.

A growing list of states have clean energy mandates targeting 100% use of renewable energy. These mandates provide incentives for farmers that make installing solar a financially smart decision and falling prices for solar installations make it an even better deal.

Solar works well when co-located on a farm and can be built in ways that minimizes impact. It is quiet, uses almost no water, doesn’t pollute, and if it is decommissioned, the land can go back to its previous use. If the solar facilities are raised up, the same land can be used to graze livestock or grow shade-tolerant crops.

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Harvesting the sun is the new cash crop

Photo, posted December 25, 2017, courtesy of Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

The World’s Largest Storage Battery

May 24, 2019 By EarthWise Leave a Comment

Many homeowners are installing solar energy systems with battery backup. Energy stored in the battery can be used when the sun isn’t shining. As battery prices come down, utility-scale solar installations are also turning to battery-based energy storage.

Florida Power & Light has announced plans to build the world’s largest solar-storage combination facility in Manatee County. The 409-MW Manatee Energy Storage Center will be the largest solar-battery system by a factor of four. The specifics of the technology and source of the battery system components have yet to be announced.

The system, which is scheduled to be completed in late 2021, will be charged by a nearby FPL solar power plant. The plan is to discharge batteries during times of higher demand, thereby offsetting the need to run other power plants. As a result, there will be reduced emissions and customers will save as much as $100 million through avoided fuel costs.

Installing the mega-sized battery system will accelerate the retirements of two nearby 1970’s-era gas-fired generation units. At peak efficiency, the Manatee energy storage system will be able to power 390,000 homes for up to two hours.

FPL has already been pursuing the use of battery storage technology. Last year, they added a 10 MW battery storage system to its 74.5 MW Babcock Ranch Solar Energy Center in Charlotte County.

These large battery systems are increasingly practical because of dramatic reductions in lithium-ion battery costs. The levelized cost of electricity from lithium-ion batteries has declined a remarkable 38% just since the beginning of 2018. The economics of clean energy continue to get better and better.

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FP&L Plans World’s Largest Energy Storage Battery To Support Its Renewable Energy Goals

Photo, posted April 21, 2010, courtesy of Frank Starmer via Flickr.

Earth Wise is a production of WAMC Northeast Public Radio.

Utility-Scale Solar On The Rise

May 8, 2019 By EarthWise Leave a Comment

According to research from Goldman Sachs, utility-scale solar power capacity is expected to grow by double digits globally over the next two years. The growth will be driven by expanding use of the technology in the United States, Europe, the Middle East, and China.

Solar power is the world’s fastest growing source of electricity generation and is slowly taking market share from fossil fuels like coal and natural gas. The transition is being driven by a combination of continuously lower prices for solar power and the impact of policies aimed at reducing emissions.

Utility-scale solar is defined as installations designed solely to feed electricity into the grid, in contrast to smaller-scale residential or commercial building units. There are now solar farms larger than half a gigawatt in generating capacity. According to the Goldman report, global utility-scale solar installations will reach 108 gigawatts in 2019, up 12% over the previous year, and will then grow another 10% to 119 gigawatts in 2020.

When residential and other smaller installations are included, most analysts expect global solar power capacity to soon hit 600 gigawatts. To put this in perspective, the global capacity only reached 100 gigawatts in 2012 and was actually less than 10 gigawatts in 2007.

Even more dramatic than the growth of solar installations is the reduction in solar cost, and the two are obviously closely related. Solar panel costs have dropped from around $70 per watt of electricity generated in 1980 to 36 cents per watt currently in the United States. When favorable policies both from governments and related to corporate sustainability targets are added to the mix, the booming growth in solar power is easy to understand.

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