IBM Research Launches Project "Green Horizon" to Help China Deliver on Ambitious Energy and Environmental Goals
IBM has announced that it is deploying the full force of its researchers in laboratories around the world in a 10-year initiative to support China in transforming its national energy systems and protecting the health of citizens.
One of the first partners to come on board is the Beijing Municipal Government. Through a collaboration agreement, the two parties have agreed to work together to develop solutions which can help tackle the city's air pollution challenges. The collaboration will leverage some of IBM's most advanced technologies such as cognitive computing, optical sensors and the internet of things all based on a Big Data and analytics platform and drawing on IBM's deep experience in weather prediction and climate modelling.
"China has made great achievements and contributed much to the world's economic growth over the past 30 years. It now has an opportunity to lead the world in sustainable energy and environmental management," said D.C. Chien, Chairman and CEO, IBM Greater China Group. "While other nations waited until their economies were fully developed before taking comprehensive action to address environmental issues, China can leverage IBM's most advanced information technologies to help transform its energy infrastructures in parallel with its growth."
Residential Energy Generation and Storage Will Reach $71.6 Billion in Annual Revenue by 2023, Forecasts Navigant Research
Solar photovoltaic (PV) panels, which enable customers to generate some of their own electricity and sell unneeded power back to their utility, are the most visible form of the broad disruption caused by distributed energy resources (DER). The growing affordability of DER technologies is altering utilities’ traditional relationship with residential customers by giving customers greater control of their energy consumption. According to a new report from Navigant Research, worldwide revenue from all forms of residential distributed generation and energy storage will grow from $52.7 billion annually in 2014 to $71.6 billion in 2023.
The Environmental Protection Agency on Monday released a draft rule to regulate carbon emissions from hundreds of fossil-fired power plants across the U.S., the cornerstone of President Barack Obama's climate-change agenda. The proposed rule mandates that power plants cut U.S. carbon-dioxide emissions 30% by 2030 from levels seen in 2005, an aggressive target that marks the first attempt at limiting such pollution.
The carbon framework seeks to strike a balance between what environmentalists want—an ambitious overall target—with what the utility industry wants—flexibility, a long compliance timeline and an earlier base-year calculation from which to meet the goal. Carbon emissions have dropped since 2005, making the overall reduction smaller than it would have been if the EPA had used a more-recent year for a baseline.
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