No institution or individual can stand on the sidelines in the fight against climate change
By Kristalina Georgieva – When I think of the incredible challenges we must confront in the face of a changing climate, my mind focuses on young people. Eventually, they will be the ones either to enjoy the fruits or bear the burdens resulting from actions taken today.
Our efforts to reduce greenhouse gas emissions through various mitigation measures—phasing out fossil fuels, increasing energy efficiency, adopting renewable energy sources, improving land use and agricultural practices—continue to move forward, but the pace is too slow. We have to scale up and accelerate the transition to a low-carbon economy. At the same time, we must recognize that climate change is already happening and affecting the lives of millions of people. There are more frequent and more severe weather-related events—more droughts, more floods, more heat waves, more storms.
Ready or not, we are entering an age of adaptation. And we need to be smart about it. Adaptation is not a defeat, but rather a defense against what is already happening. The right investments will deliver a “triple dividend” by averting future losses, spurring economic gains through innovation, and delivering social and environmental benefits to everyone, but particularly to those currently affected and most at risk. Updated building codes can ensure infrastructure and buildings are better able to withstand extreme events. Making agriculture more climate resilient means investing more money in research and development, which in turn opens the door to innovation, growth, and healthier communities.
The IMF is stepping up its efforts to deal with climate risk. Our mission is to help our members build stronger economies and improve people’s lives through sound monetary, fiscal, and structural policies. more>
Posted in Business, EARTH WATCH, Economic development, Economy, Education, Energy & emissions, History, How to, Nature, Net, Technology
Tagged Adaptive, Business improvement, Climate change, Earth, Ecology, Super regions
A strategy to protect whales can limit greenhouse gases and global warming
By Ralph Chami, Thomas Cosimano, Connel Fullenkamp, and Sena Oztosun – When it comes to saving the planet, one whale is worth thousands of trees.
Scientific research now indicates more clearly than ever that our carbon footprint—the release of carbon dioxide (CO2) into the atmosphere where it contributes to global warming through the so-called greenhouse effect—now threatens our ecosystems and our way of life. But efforts to mitigate climate change face two significant challenges. The first is to find effective ways to reduce the amount of CO2 in the atmosphere or its impact on average global temperature. The second is to raise sufficient funds to put these technologies into practice.
Many proposed solutions to global warming, such as capturing carbon directly from the air and burying it deep in the earth, are complex, untested, and expensive. What if there were a low-tech solution to this problem that not only is effective and economical, but also has a successful funding model?
An example of such an opportunity comes from a surprisingly simple and essentially “no-tech” strategy to capture more carbon from the atmosphere: increase global whale populations. Marine biologists have recently discovered that whales—especially the great whales—play a significant role in capturing carbon from the atmosphere (Roman and others 2014).
The carbon capture potential of whales is truly startling. Whales accumulate carbon in their bodies during their long lives. When they die, they sink to the bottom of the ocean; each great whale sequesters 33 tons of CO2 on average, taking that carbon out of the atmosphere for centuries. A tree, meanwhile, absorbs only up to 48 pounds of CO2 a year.
Protecting whales could add significantly to carbon capture because the current population of the largest great whales is only a small fraction of what it once was. Sadly, after decades of industrialized whaling, biologists estimate that overall whale populations are now to less than one fourth what they once were. Some species, like the blue whales, have been reduced to only 3 percent of their previous abundance. Thus, the benefits from whales’ ecosystem services to us and to our survival are much less than they could be.
But this is only the beginning of the story. more>
Posted in Business, EARTH WATCH, Economy, Education, Energy & emissions, How to, Nature, Science, Technology
Tagged Business improvement, Carbon capture and storage, Climate change, Earth, Ecology, Whales
Transforming the Capital Asset Lifecycle – Part 1
By John Lusty – “Innovate or die”. Three years ago, in the global oil & gas industry, this was the dire message communicated from the boardroom to the operating plant as falling commodity prices were hollowing out corporate income statements. The same story echoed through the supply chain as engineering contractors and equipment manufacturers fought for survival – trying to win enough work to remain healthy within a shrinking capital project market while creating greater value from the existing capital asset lifecycle.
The cost-cutting that ensued was ugly, and the job losses were substantial. In parallel, the appetite for innovative ideas sky-rocketed as producers worked to wring out costs and remain profitable at any price. This triggered a new behavior within the traditionally siloed energy industry, for the first-time visionaries started to look to other manufacturing industries for capabilities that could be adapted to their own companies.
What they saw was a shock. Despite years of investing in software and technology, capital asset owners in the energy and process industries still had a long way to go to get full value from their technical information compared to other, more mature, industries. Unlike their business information which, to a greater degree, had been consolidated following two decades of ERP implementations, the technical information supporting their plant assets was still scattered across different locations and incompatible file formats.
To make matters worse, data from multiple projects and facilities used software from a variety of vendors along with their own standards and specifications. Plants that came in through acquisitions and mergers were even more unique. more>
Posted in Business, Economic development, Economy, Education, Energy & emissions, How to, Nature, Net, Science, Technology
Tagged Business improvement, Capital, Energy, Internet, PLM, Product lifecycle management, Siemens
Digitalize battery manufacturing for a greener future with electric vehicles
By Vincent Guo – The electrification of automobiles is gaining momentum globally as many countries have laid out plans to prohibit the sales of internal combustion engine (ICE) cars. The closing deadline is 2025 for the Netherlands and Norway, with Germany and India to be the next down the line in 2030, followed by UK and France in 2040. Other major economies in the world provide aggressive initiatives to push the electric vehicle (EV) to the market. For example, USA, China, Norway, Denmark, and South Korea have been implementing cash subsidiaries to EV buyers over $10,000 per vehicle, with Denmark and South Korea paying the consumer almost 20,000 Euro for each car purchased.
These incentive plans, however, also indicate that the price of EV is still high comparing to traditional cars. Independent research shows that the cost of the electrical powertrain is roughly 50% of the EV while, while the cost of the powertrain for ICE cars is only 16%. While it is largely true that the components of a car, whether it is an EV or ICE car, are largely similar except for the powertrain, the source of the difference in total cost is obviously the powertrain. The most expensive component is the battery pack, which accounts for roughly half of the powertrain and a quarter of the entire car.
Fortunately, the cost of the battery is going down steadily in the past 10 years. It is about to hit the point that the total cost of an EV is competitive to an ICE car and the point is about 125-150 USD/kWh.
As a result, battery manufacturing capacity has been ramping up quickly. Tesla is leading the way by its Gigafacotry in Nevada with target annual capacity of 35 GWh. Yet the race is tight as the battery manufacturing in Asia is catching up. CATL of China had recently announced a plan to boost its capacity in Germany to 100 GWh. more>
Posted in Business, Economic development, Economy, Education, Energy & emissions, How to, Net, Science, Technology, Transportation
Tagged Business improvement, Climate change, Electric vehicle, Manufacturing, PLM, Productivity, Siemens, Technology
Well control equipment: Metal hat, Fireproof coveralls… CFD
By Gaetan Bouzard – In the Oil & Gas industry, the integration of possible risk linked with well control — such as subsea plume, atmospheric dispersion, fire and explosion — is critical for minimizing impact on the entire system or on operations efficiency, and for ensuring worker health and safety. Risk to system integrity must be prevented at the design phase, but also addressed in case hazards happen along equipment lifetime or system in operation.
Last September 25th, Mr. Alistair E. Gill, from company Wild Well Control demonstrates the value of advanced structural and fluid dynamics mechanics simulation for well controls, emergency response and planning, as part of a Live Webinar organized by Siemens and Society of Petroleum Engineers. In this article I will try to summarize his presentation. To have more insights feel free to watch our On-Demand Webinar.
To be honest when talking about well control for Oil & Gas industry, people usual conception is that some disaster happened and guys wearing protections are trying to light off a big fire. Actually companies such as Wild Well Control are using modern and innovative techniques as Computational Fluid Dynamics (CFD) simulation to support practical team on a well control incident trying to keep asset integrity at the same time.
Mr. Gill provides several examples to demonstrate simulation techniques that were used from
- Subsea plume and gas dispersion modeling to understand where hydrocarbons go in the event of a blow out
- Radiant heat modeling in case of a fire
- Erosion modeling
- Thermal as well as Structural analysis
There is basically three major categories of simulation used, starting with everything related to the flow within the well bore, looking at kick tolerance, dynamic kill or bull heading; next anything to do with 3D flow using CFD simulation which is the main focus of this article; finally structural analysis using Finite Element modeling. more>
Posted in Business, Economy, Education, Energy & emissions, How to, Nature, Science, Technology
Tagged Business improvement, Earth, Ecology, Internet, PLM, Product lifecycle management, Siemens, Skills, Technology
Democratic voters actually care about climate change. 2020 candidates are responding.
By Ella Nilsen – Rep. Alexandria Ocasio-Cortez thinks former Vice President Joe Biden’s $5 trillion climate plan — one of the first major policies his campaign has released — is a “start,” albeit one that needs to be scaled up dramatically.
“I think what that has shown is a dramatic shift in the right direction, but we need to keep pushing for a plan that is at the scale of the problem,” Ocasio-Cortez, progressive superstar and co-sponsor of the Green New Deal, told reporters on Tuesday. (For the record, she thinks the plan that gets closest is Washington Gov. Jay Inslee’s, which she called the “gold standard.”)
But the very fact that Biden felt the need to release a climate plan near the start of his policy rollout shows the influence and success of Ocasio-Cortez and her allies in the climate movement.
Five candidates, including Biden, Inslee, Sen. Elizabeth Warren, and former Reps. Beto O’Rourke and John Delaney have all released massive plans to combat climate change, ranging from $1.5 trillion to $3 trillion in federal investment over a decade. Candidates are factoring in the spur of private investments as well, hence the jump to $5 trillion in Biden’s plan.
“It’s a recognition of where the electorate is,” Monmouth University polling director Patrick Murray told Vox. “This popped out from the very beginning. Climate change and the environment in general was the No. 2 issue after health care for Democratic voters.
“I think it’s just becoming a zeitgeist for Democrats,” Murray added.
Over the past eight months, climate change has shot up as a core Democratic issue in polls. more>
Posted in Business, Economic development, Economy, Education, Energy & emissions, How to, Media, Nature, Net, Science, Technology
Tagged 2020 elections, Business improvement, Climate change, Government, Internet, Technology, United States
By Umair Irfan – Humans are pumping more carbon dioxide into the atmosphere at an accelerating rate. But climate change is a cumulative problem, a function of the total amount of greenhouse gases that have accumulated in the sky. Some of the heat-trapping gases in the air right now date back to the Industrial Revolution. And since that time, some countries have pumped out vastly more carbon dioxide than others.
The wonderful folks at Carbon Brief have put together a great visual of how different countries have contributed to climate change since 1750. The animation shows the cumulative carbon dioxide emissions of the top emitters and how they’ve changed over time.
What’s abundantly clear is that the United States of America is the all-time biggest, baddest greenhouse gas emitter on the planet.
That’s true, despite recent gains in energy efficiency and cuts in emissions. These relatively small steps now cannot offset more than a century of reckless emissions that have built up in the atmosphere. Much more drastic steps are now needed to slow climate change. And as the top cumulative emitter, the US bears a greater imperative for curbing its carbon dioxide output and a greater moral responsibility for the impacts of global warming.
Yet the United States is now the only country aiming to withdraw from the Paris climate agreement. more>
Posted in Business, CONGRESS WATCH, EARTH WATCH, Education, Energy, Energy & emissions, History, Media, Nature, Science, Technology
Tagged Business, Capital, Climate change, Congress Watch, Government, Leadership, Super regions, Technology