Renewable Energie – “Energy and the digital transition will destroy the environment in so many ways. Finally, the environmental cost of building this new civilization is so staggering that there is no guarantee that it will succeed. Your power has blinded you to the certainty. that you have lost. the humility of the sailor in front of the sea, of climber in front of the mountain. You forget that the world will have the last word.” – Guillaume Pitron, Battle of the Rare Metals.
Renewable and green energy is at its peak. Driven by climate change and other environmental issues, environmental, social and governance (ESG)-focused funds reached $3.9 trillion in assets under management (AUM) at the end of September 2021. “World Energy Investing” International Organization of Energy. (IEA) 2021″ report estimates that this AUM will continue to expand in the coming years.
Renewable Energie
So what’s wrong with that? Governments sometimes have to take the lead and provide tax credits, subsidies and other carrots, as well as sticks through legal and judicial action, to make the necessary changes. Technological advances in green and renewable energy in the last 40 years
Europe’s Path Away From Russian Oil And Toward Renewable Energy Is Paved With A Dirty Reality
Why doesn’t the momentum continue? Our world will face challenges and achieve high and commendable environmental goals. The future will be glorious.
One MW of solar energy requires five to 10 acres of land to produce. If New York City uses about 53,500,000 MW of electricity, 5,350,000 acres of solar panels would be needed to power the city. It is an area the size of the state of New Jersey.
A single 3 MW wind turbine can carry 335 tons of steel, 4.7 tons of copper, three tons of aluminum and more than 700 pounds of rare earths. This does not include aluminum and copper cables or towers related to the electrical infrastructure that supplies power to consumers.
In terms of operating environment, most wind turbine blades are made from non-recyclable materials. Then, when they retire, they are cut up and sent to landfills.
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Lithium is the main ingredient in the rechargeable batteries that power Tesla and other electric vehicles (EVs). Global production of lithium metal was estimated at 82,000 tonnes (MT) in 2020. As the UK and some US authorities begin to phase out the sale of conventional gas-powered cars in 2025, demand for lithium will increase sevenfold, from 200,000 tonnes to more than 1,400,000 tons by 2030. And the demand for lithium will increase elsewhere too, be it batteries for electric cars, batteries for tools, computers and homes, or for fuel and glass manufacturing.
There will not be enough lithium to meet demand now or in the future. Lithium will be in short supply for at least a decade.
The rare earth metals needed for solar and wind energy are scarce. Neodymium, dysprosium, indium, selenium, etc. they are available in only a few countries. Rare earths have a dark secret: mining and refining them is an energy-intensive process that creates significant pollution, among other environmental and social costs.
What about coal power? When will it be removed? Probably not so fast. In the United States, coal-fired power generation is expected to increase by 22% in 2021. Globally, it is projected to increase by 9%, reaching an annual high.
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As Keisuke Sadamori, director of energy markets and security at the IEA noted: “The move to zero emissions for many countries … should have a very large impact on coal, but these are not yet visible in our countries. The forecast, which shows a huge gap between ambition and action.”
The US and the EU have their own domestic manufacturing problems. Copper is an important metal for green and renewable energy. Although a major source of copper, the United States remains a domestic importer. Copper mines in Arizona and a copper-nickel mine in Minnesota have had problems as the Joseph Biden administration exerted its influence on the licensing process. The administration also temporarily suspended the sale of new oil and gas contracts. Such options will make the United States more sensitive to supply shocks.
Likewise, the EU’s decision to shut down coal-fired power plants, reduce the use of nuclear power and rely on green and renewable energy is part of a larger disruption. Between the end of August and the beginning of September 2021, Europe experienced a heat wave. Increased energy demand, coupled with a lack of wind, caused natural gas prices to rise 325% over the previous year. Demands to be carbon neutral by 2050 have made electricity unreliable and increased Europe’s dependence on Russian natural gas.
However, investment funds continue to flow into green and renewable energy. I participated in a four-month research program within a sector segment, the electric vehicle sector, as a consultant to the Unicus Research board. My role was to keep asking, “Okay, so what?” It was one revelation after another.
Why Investing In Renewable Energy Is A Smart Move For Ontario
For example, the electric vehicle supply chain is not an ESG consideration. Consider illegal mining and child labor as well as environmental damage related to mining. Such weight is difficult to reconcile with the supposed ESG approval of the electric vehicle industry.
Another problem: the electrical infrastructure cannot handle the energy needs of the rapidly growing fleet of electric vehicles. Grid failures in Europe, California and Texas show the system’s weaknesses. When California’s grid crashed amid demand this summer, the state’s electric vehicle drivers were told not to charge their cars.
What if lithium battery technology isn’t ready for cars yet? Smaller lithium batteries have gotten a bad reputation. The Samsung Galaxy Note 7 phones were so famous for their explosions that they were banned from airplanes and electronic cigarettes and other lithium batteries from holding luggage. The Chevy Bolt EV has been recalled, causing a billion-dollar blow to GM’s budget, and even Boeing has had problems with its 787 lithium batteries.
Flames from lithium batteries burn at over 3500 degrees Fahrenheit. They cannot be extinguished by water. Lithium battery fires are so hot that they split water molecules into hydrogen and oxygen, creating a cloud of flammable hydrogen gas. Their heat can damage or destroy the tendons that provide strength to prestressed concrete slabs. These plates are available in parking lots and apartments and on decks. Where will electric cars be parked if not safely in a garage?
Apple Helps Suppliers Rapidly Accelerate Renewable Energy Use Around The World
The counter to this view is, of course, the carbon perspective of the “True Believers” of renewable and green energy. If only the true believers were right, but we cannot ignore the problems of rare earth scarcity and pollution associated with using wishful thinking as investment advice. It is for government lotteries.
So what does this mean for us as consultants? Like it or not, the foreseeable future trends favor mining and refining in North America and Europe. Traditional energy companies can be cut. It is a possible opportunity. Those companies that have started the process of vertical integration from mine to battery should survive.
Green and renewable companies attract a lot of investment. In general, they are overrated. Many pension schemes invest in ESG funds. These funds have a lot of money to find a few quality opportunities. Many electric car, renewable and green energy companies will go bankrupt.
Companies that rely on long supply chains and third parties for batteries, chips and rare earths face tough prospects. All these things are difficult to find, their costs are increasing, and the current equipment restrictions will remain until at least the summer of 2022.
Laser Talk: Canada Can Have 100% Renewable Energy By 2050
Companies or funds that offer ESG compliance and adopt sustainability standards take two risks: high compliance costs and potential legal action for claims and non-compliance.
Politics is still fundamental. As long as governments and large pension funds favor ESG-branded companies and green, renewable and ESG funds receive tax incentives and tax breaks, the money will continue to flow. But eventually these tax breaks and incentives will run out or they will no longer cover the difference between investment returns enhanced by government policy and more and more unlimited market opportunities.
All posts are the opinion of the author. Therefore, they should not be considered investment advice, nor do the opinions expressed reflect the views of the CFA Institute or the author’s employer.
L. Burke files in an international financial investigator with three decades of experience. He specializes in international mergers and acquisitions and investment due diligence, and assistance in financial cases. Files was a case manager for fraud investigations ranging from thousands to over $20 billion. He has conducted investigations in over 130 countries. Files is the published author of several books, most notably Due Diligence for the Financial Professional, which has won two awards.
Going Green: A Brief History Of Renewable Energy
The cookie settings on this website are set to “allow cookies” to give you the best browsing experience. If you continue to use this website without changing your cookie settings, or click “Accept” below, you agree to this. Governments are planning how to reduce emissions, investors are looking at the environmental performance of companies, and consumers are becoming carbon conscious. footprints. But regardless of the stakeholders, the production and use of energy from fossil fuels is one of the biggest contributors to emissions.
Renewable energy technologies use the power of
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Introduction To Renewable Energy
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Author by : Vaughn C. Nelson
Languange Used : en
Release Date : 2011-04-25
Publisher by : CRC Press
ISBN :
Description : As the world population grows and places more demand on limited fossil fuels, renewable energy becomes more relevant as part of the solution to the impending energy dilemma. Renewable energy is now included in national policies, with goals for it to be a significant percentage of generated energy within the coming decades. A comprehensive overview, Introduction to Renewable Energy explores how we can use the sun, wind, biomass, geothermal resources, and water to generate more sustainable energy. Taking a multidisciplinary approach, the book integrates economic, social, environmental, policy, and engineering issues related to renewable energy. It explains the fundamentals of energy, including the transfer of energy, as well as the limitations of natural resources. Starting with solar power, the text illustrates how energy from the sun is transferred and stored; used for heating, cooling, and lighting; collected and concentrated; and converted into electricity. A chapter describes residential power usage—including underground and off-grid homes—and houses that are designed to use energy more efficiently or to be completely self-sufficient. Other chapters cover wind power; bioenergy, including biofuel; and geothermal heat pumps; as well as hydro, tidal, and ocean energy. Describing storage as a billion-dollar idea, the book discusses the challenges of storing energy and gives an overview of technologies from flywheels to batteries. It also examines institutional issues such as environmental regulations, incentives, infrastructure, and social costs and benefits. Emphasizing the concept of life-cycle cost, the book analyzes the costs associated with different sources of energy. With recommendations for further reading, formulas, case studies, and extensive use of figures and diagrams, this textbook is suitable for undergraduates in Renewable Energy courses as well as for non-specialists seeking an introduction to renewable energy. Pedagogical Features: End-of-chapter problems Numerous case studies More than 150 figures and illustrations A solutions manual is available upon qualifying course adoption...
The Science Of Renewable Energy
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Author by : Frank R. Spellman
Languange Used : en
Release Date : 2016-04-19
Publisher by : CRC Press
ISBN :
Description : As time goes forward, the availability of affordable and accessible petroleum products decreases while the negative environmental impact increases. If we want to sustain our current way of life, which includes massive energy consumption, it is necessary to find alternatives to fossil fuels to prevent fuel shortages and to preserve and repair the environment around us. The Science of Renewable Energy presents a no-nonsense discussion of the importance of renewable energy, while adhering to scientific principles, models, and observations. The text includes in-depth discussions of emerging technologies, including biomass and fuel cells, and major sources of renewable energy, such as ocean, hydro, solar, and wind energy. To provide a fundamental understanding of the basic concepts of renewable energy, the book also offers an extensive discussion on the basics of electricity, since it is applied to and produced from all forms of renewable energy. While emphasizing the technical aspects and practical applications of renewable sources, the text also covers the economic, social, and policy implications of large-scale implementation. The main focus of the book is on methods of obtaining energy from self-replenishing natural processes while limiting pollution of the atmosphere, water, and soil, as this is a critical pathway for the future. Exploring the subject from a scientific perspective highlights the need for renewable energy and helps to evaluate the task at hand. The book is written for a wide range of readers, including students of diverse backgrounds and individuals in the energy industries, and presents the material in a user-friendly manner. Even individuals can have an impact on the quest to develop renewable energy sources. The concepts and guidelines described provide critical scientific rationale for pursuing clean and efficient energy sources as well as the knowledge needed to understand the complex issues involved. Woven with real-life situations, the text presents both the advantages and challenges of the different types of renewable energy....
Environmental Impacts Of Renewable Energy
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Author by : Frank R. Spellman
Languange Used : en
Release Date : 2014-12-02
Publisher by : CRC Press
ISBN :
Description : Renewable Energy Has a Good Side and a Bad Side Evaluate BothAll energy sources affect the environment in which we live. While fossil fuels may essentially do more harm, renewable energy sources can also pose a threat to the environment. Allowing for the various renewable energy sources: solar, wind, hydro, biomass, and geothermal, Environmental I...
Renewable Energy
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Author by : Martin Kaltschmitt
Languange Used : en
Release Date : 2007-06-03
Publisher by : Springer Science & Business Media
ISBN :
Description : The utilisation of renewable energies is not at all new; in the history of mankind renewable energies have for a long time been the primary possibility of generating energy. This only changed with industrial revolution when lignite and hard coal became increasingly more important. Later on, also crude oil gained importance. Offering the advantages of easy transportation and processing also as a raw material, crude oil has become one of the prime energy carriers applied today. Moreover, natural gas used for space heating and power provision as well as a transportation fuel has become increasingly important, as it is abundantly available and only requires low investments in terms of energy conversion facilities. As fossil energy carriers were increasingly used for energy generation, at least by the industrialised countries, the application of renewable energies decreased in absolute and relative terms; besides a few exceptions, renewable energies are of secondary importance with regard to overall energy generation....
Renewable
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Author by : Jeremy Shere
Languange Used : en
Release Date : 2013-11-26
Publisher by : Macmillan + ORM
ISBN :
Description : Where does the energy we use come from? It's absolutely vital to every single thing we do every day, but for most people, it is utterly invisible. Flick a switch and the lights go on. It might as well be magic. Science writer Jeremy Shere shows us in Renewable: The World-Changing Powerof Alternative Energy that energy is anything but magical. Producing it in fossil fuel form is a dirty, expensive—but also hugely profitable— enterprise, with enormous but largely hidden costs to the entire planet. The cold, hard fact is that at some point we will have wrung the planet dry of easily accessible sources of fossil fuel. And when that time comes, humankind will have no choice but to turn—or, more accurately, return—to other, cleaner, renewable energy sources. What will those sources be? How far have we come to realizing the technologies that will make these sources available? To find the answers, Shere began his journey with a tour of a traditional coal-fueled power plant in his home state of Indiana. He then continued on, traveling from coast to coast as he spoke to scientists, scholars and innovators. He immersed himself in the green energy world: visiting a solar farm at Denver's airport, attending the Wind Power Expo and a wind farm tour in Texas, investigating turbines deep in New York City's East River, and much more. Arranged in five parts—Green Gas, Sun, Wind, Earth, and Water—Renewable tells the stories of the most interesting and promising types of renewable energy: namely, biofuel, solar, wind, geothermal, and hydropower. But unlike many books about alternative energy, Renewable is not obsessed with megawatts and tips for building home solar panels. Instead, Shere digs into the rich, surprisingly long histories of these technologies, bringing to life the pioneering scientists, inventors, and visionaries who blazed the way for solar, wind, hydro, and other forms of renewable power, and unearthing the curious involvement of great thinkers like Henry Ford, Thomas Edison, and Nicola Tesla. We are at an important crossroads in the history of renewable technologies. The possibilities are endless and enticing, and it has become increasingly clear that renewable energy is the way of the future. In Renewable, Jeremy Shere's natural curiosity and serious research come together in an entertaining and informative guide to where renewable energy has been, where it is today, and where it's heading....
Renewable Energy Resources
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Author by : John Twidell
Languange Used : en
Release Date : 2015-01-26
Publisher by : Routledge
ISBN :
Description : Renewable Energy Resources is a numerate and quantitative text covering the full range of renewable energy technologies and their implementation worldwide. Energy supplies from renewables (such as from biofuels, solar heat, photovoltaics, wind, hydro, wave, tidal, geothermal, and ocean-thermal) are essential components of every nation’s energy strategy, not least because of concerns for the local and global environment, for energy security and for sustainability. Thus in the years between the first and this third edition, most renewable energy technologies have grown from fledgling impact to significant importance because they make good sense, good policy and good business. This Third Edition is extensively updated in light of these developments, while maintaining the book’s emphasis on fundamentals, complemented by analysis of applications. Renewable energy helps secure national resources, mitigates pollution and climate change, and provides cost effective services. These benefits are analysed and illustrated with case studies and worked examples. The book recognises the importance of cost effectiveness and efficiency of end-use. Each chapter begins with fundamental scientific theory, and then considers applications, environmental impact and socio-economic aspects before concluding with Quick Questions for self-revision and Set Problems. The book includes Reviews of basic theory underlying renewable energy technologies, such as electrical power, fluid dynamics, heat transfer and solid-state physics. Common symbols and cross-referencing apply throughout; essential data are tabulated in appendices. An associated eResource provides supplementary material on particular topics, plus a solutions guide to Set Problems. Renewable Energy Resources supports multi-disciplinary master degrees in science and engineering, and specialist modules in first degrees. Practising scientists and engineers who have not had a comprehensive training in renewable energy will find it a useful introductory text and a reference book....
100 Clean Renewable Energy And Storage For Everything
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Author by : Mark Z. Jacobson
Languange Used : en
Release Date : 2020-10
Publisher by : Cambridge University Press
ISBN :
Description : Textbook on the science and methods behind a global transition to 100% clean, renewable energy for science, engineering, and social science students....
