At the current pace of research and development, global oil will run out 90 years before replacement technologies are ready, says a new University of California, Davis, study based on stock market expectations. The forecast was published online Monday (Nov. 8) in the journal Environmental Science & Technology. It is based on the theory that long-term investors are good predictors of whether and when new energy technologies will become commonplace. "Our results suggest it will take a long time before renewable replacement fuels can be self-sustaining, at least from a market perspective," said study author Debbie Niemeier, a UC Davis professor of civil and environmental engineering. Niemeier and co-author Nataliya Malyshkina, a UC Davis postdoctoral researcher, set out to create a new tool that would help policymakers set realistic targets for environmental sustainability and evaluate the progress made toward those goals. Two key elements of the new theory are market capitalizations (based on stock share prices) and dividends of publicly owned oil companies and alternative-energy companies. Other analysts have previously used similar equations to predict events in finance, politics and sports. "Sophisticated investors tend to put considerable effort into collecting, processing and understanding information relevant to the future cash flows paid by securities," said Malyshkina. "As a result, market forecasts of future events, representing consensus predictions of a large number of investors, tend to be relatively accurate." Niemeier said the new study's findings are a warning that current renewable-fuel targets are not ambitious enough to prevent harm to society, economic development and natural ecosystems. "We need stronger policy impetus to push the development of these alternative replacement technologies along," she said.
At the current pace of research and development, global oil will run out 90 years before replacement technologies are ready, says a new University of California, Davis, study based on stock market expectations.
New Poll: Nearly 80 Percent of U.S. Federal Government Agency Purchasing Decision Makers Say Energy Efficiency Among Most Effective Ways to Meet Energy Needs, Reduce Costs, Lower Greenhouse Gas Emissions
Independent Research Reveals One-Third of Agency Decision Makers See Lack of Funding as Major Obstacle to Achieving Mandated Energy Efficiency Goals
Greenergy's founders and management seeks to utilize their more than 100 years combined industry experiences (technology, operations and policy), relationships and unique skills to develop Waste-to-Energy project(s) in collaboration with foreign partners and investors.
November 8, 2010 T.R.A-MAGE and SunMaxx Solar announce a partnership.
More than 2,500 attendees from 42 different states and 13 different countries came together in Sacramento for the 34th annual Geothermal Energy Expo, the largest gathering of geothermal energy leaders in the world. The sold out Expo Hall featured 162 exhibitors coming from 34 different states and 10 different countries. Leading companies including Halliburton, Ormat, Stoel Rives LLP, Shaw, Calpine, Geothermal Resource Group, Mitsubishi Power Systems, Enel Green Power, Gradient Resource, Power Engineers, Ruen Drilling Incorporated and Ram Power Corp were in attendance. “The strong growth of the geothermal industry is clearly reflected in this expo, which continues to bring more and more people to see the promise that clean and renewable geothermal power presents.” said GEA Executive Director Karl Gawell. “It’s not just here at home. The U.S. is the leader in geothermal power, and other countries look to America for its expertise. That’s why we had representatives from across the globe at this year’s expo.” High Expectations Will Greet 2011 Expo in San Diego
High Expectations Will Greet 2011 Expo in San Diego
The British Trade and Cultural Office, Taipei (BTCO) in Taiwan is the first government-sector office in the world to be certified as carbon neutral under the PAS 2060 framework developed by the British Standards Institution (BSI).
The company carries Tonsan's complete line of sealants and potting compounds for solar module assembly.
Los Angeles residents who are considering installing solar panels have an incentive to act quickly: On Tuesday, the city's Board of Water and Power Commissioners approved changes to the Solar Incentive Program that will reduce rebates starting Jan. 1. The Department of Water and Power's present rebate is $3.24 for every watt installed. A 4-kilowatt system, for example, would receive a $12,960 rebate. In 2011, that rate will decline to $2.20. That same 4-kilowatt system will see its rebate drop to $8,800 come Jan. 1. Further reductions -- to $1.50 per watt and, ultimately, to 60 cents -- will roll out as time passes and the utility meets goals for home-generated electricity. The DWP has been deluged with applications for residential solar rebates since 2009, when the U.S. Emergency Economic Stabilization Act kicked in, replacing a $2,000 federal tax credit cap with a dollar amount equal to 30% of the installation cost. The average residential solar system costs between $35,000 and $40,000. L.A. homes generate 22 megawatts each year, far less than 1% of the 25,000 gigawatt-hours used in the city annually. Source: LA Times
Panasonic has invested $30 million in Tesla Motors , building upon a multi-year collaboration of the two companies to accelerate the market expansion of the electric vehicle, the companies said. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 per share. Panasonic is a major battery cell manufacturer and a supplier to the global automotive industry. Tesla currently uses Panasonic battery cells in its advanced battery packs and has collaborated with Panasonic on the development of next-generation battery cells designed specifically for electric vehicles. While Tesla's current battery strategy incorporates proprietary packaging using cells from multiple battery suppliers, Tesla has selected Panasonic as its preferred lithium-ion battery cell supplier for its battery packs, the CE manufacturer said.
UMA Solar will exhibit its new MAX G solar preheating technology at the NAESCO Annual Conference, Nov. 9-10, in Phoenix, Ariz.
Ontario Technology Corridor at Eco Expo Asia to advance cooperation on environmental protection technologies and energy efficiency opportunities. Ontario's Plasco Energy and Clearford Industries already engaged in Chinese partnerships on solid waste conversion, wastewater collection and treatment
UMA Solar will exhibit its new MAX G industrial solar preheating technology Nov. 9-10 at the GOVgreen Conference and Expo in Washington, D.C.
Wise Power Systems, Inc., based in Wilmington, DE, has reduced its PV disconnect costs by more than 25 percent with the installation of the MDSS.
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