A Bright Idea: How LEDs Are Helping JPMorgan Chase Become Carbon Neutral
By Bruce Watson – When Mike Norton took over as managing director of real estate at JPMorgan Chase & Co. in 2015, he took on a weighty responsibility that included finding an efficient and sustainable way to oversee the branding, maintenance, upkeep and design of 6,000 branches and commercial properties around the world. It was a complex task that turned on a simple item: the light bulb.
Norton started talking to the energy management company Current, powered by GE. They devised a plan for a system focusing on improving energy efficiency, productivity and sustainability in nearly 4,500 Chase branches across the U.S. In 2016, that proposal turned into a deal for the world’s largest LED lighting installation, a project covering 25 million square feet of real estate that would eventually lead to energy savings equivalent to taking 27,000 cars off the road.
One year later, Current by GE has installed LEDs in 2,500 Chase branches. The original plan estimated that the installation would lead to 12 percent energy savings. But in reality, the savings have ranged from 15 to 50 percent, depending on the branch.
“It’s common sense: You take a 100-watt phosphorus light bulb and replace it with a 4-watt LED, and it’s going to lower energy usage by quite a bit,” Norton says. more> https://goo.gl/1UiEwV
Posted in Banking, Business, Economy, Energy & emissions, Science, Technology
Tagged Business improvement, Climate change, Electronics, GE, LED lighting, Physics, Technology
By Amy Kover – Standing on a 10-foot-wide platform 365 feet above the rolling green hills of Tumbler Ridge, British Columbia, Kristen Hough looks tiny. The winds at this height are strong enough to spin a 500,000-pound wind turbine at 14 revolutions per minute. One strong gust could push a person over.
But Hough, 28, also looks unafraid. A wind technician, Hough is part of a team that is responsible for the electrical and mechanical upkeep of 61 turbines here that can produce 185 megawatts of energy — enough to power an entire city. She makes the climb to the top of a wind turbine at least once a day. At that height, Hough is in her element. “Even climbing the turbines [the first few times], it was so exciting that I knew it was what I was supposed to do,” she says.
Hough’s shift typically begins each morning at 7 a.m. when lead technician Mitch Burns assigns Hough and her five teammates to either handle routine maintenance — like tightening bolts and greasing gears — or troubleshoot problems. For instance, if the temperature in the gearbox appears a bit high, Hough needs to figure out why and fix it. Sometimes she can resolve the issue with a few taps on her laptop, but it -often requires hands-on attention instead. That’s when Hough gets out her safety gear and starts the long ascent to the top of the turbine. more> https://goo.gl/vWg2At
Posted in Broadband, Business, Energy, Science, Technology
Tagged Climate change, GE, Health, Industrial economy, Jobs, Technology, wind energy
By Steve Denning – Brooks concludes blithely that “the market is working more or less as it’s supposed to.” It is therefore wrong to conclude that the U.S. economy has “structural flaws.” That is “a story that is fundamentally untrue.”
The difficulty with the argument, as Brooks well knows, is that one or two good years don’t make an era. Two years of income growth don’t undo the trauma flowing from 50 years of wage stagnation, much less lead to the conclusion that there are “no structural flaws” in the economy.
The brute fact remains that median salaries have stagnated for some 50 years. That’s the real problem of the U.S. economy that economists ought to be talking about.
When moderates deny the obvious, the disaffected inevitably turn elsewhere.
If moderates want to be listened to, they will need to take a harder look at what is going on, come up with coherent explanations for what has gone wrong, and offer plausible remedial action. more> https://goo.gl/zuoJbQ
Posted in Banking, Broadband, Business, CONGRESS WATCH, Economic development, Economy, Education, Energy & emissions, Healthcare, History, Leadership, Media, Net, Regulations, Technology, telecom, Transportation
Tagged Banking reform, Capital, Climate change, Congress Watch, Debt, Government, Leadership, United States
Weathering The Storm: This Tech Will Help Utilities Keep The Lights On
By Bruce Watson – As Hurricane Harvey drenched the Texas coast in August — and Irma devastated the Caribbean and soaked Florida last week — the media was filled with scenes of flooded streets and gymnasiums crowded with people seeking shelter.
If earlier disasters are any indication, a key to these regions’ recovery may lie in how soon they are able to restore electricity to the millions of people who lost it. In the case of Hurricane Sandy in 2012, New York’s inundation with salt water knocked out power across New York City and and in many seaside towns, slowed down recovery efforts, and made it impossible for many people hit by the storm to return to their normal lives — and their jobs. According to some estimates, power and other infrastructure failures may have more than doubled Sandy’s long-term economic losses.
Part of the problem is the way that most regions plan for disasters. Traditional planning tends to focus on recovery — solving the problems caused by a disaster, like sheltering displaced people or fixing failed power grids. By comparison, grid resiliency, an emerging trend in preparedness, works to create infrastructure that will continue to function in the face of disaster or that can recover quickly. more> https://goo.gl/YUPzNT
Posted in Business, Economic development, Economy, Energy, History, Nature, Net, Science, Technology
Tagged Business improvement, Climate change, Earth, GE, grid resiliency, Industrial economy, Microgrid, Technology
By Raya Bidshahri – When it comes to climate change, government leaders and politicians must begin to think beyond their term limits and lifetimes. They must ask themselves not how they can serve their voters, but rather how they can contribute to our species’ progress. They must think beyond the short term economic benefits of fossil fuels, and consider the long term costs to our planet.
Climate change is considered one of the greatest threats to our species. If current trends continue, we can expect an increase in frequency of extreme weather events like floods, droughts and heat waves. All of these pose a threat to crops, biodiversity, freshwater supplies and above all, human life.
Here are examples of a few countries leading the way.
Denmark: Considered the most climate-friendly country in the world, Denmark is on the path to be completely independent of fossil fuels by 2050.
China: Home to the world’s biggest solar farm, China is the world’s biggest investor in domestic solar energy and is also expanding its investments in renewable energies overseas.
France: Thanks to the production of nuclear energy, representing 80 percent of nationwide energy production, France has already reduced its greenhouse gas emissions.
India: The nation is on the path to becoming the third-largest solar market in the world. Solar power has become cheaper than coal in India.
Sweden: Sweden has passed a law that obliges the government to cut all greenhouse emissions by 2045. With more than half of its energy coming from renewable sources and a very successful recycling program, the country leads many initiatives on climate change. more> https://goo.gl/PPrn3b
Posted in Economic development, Economy, Energy & emissions, Leadership, Nature, Science, Technology
Tagged Business improvement, Climate change, Ecology, extreme weather, Renewable energy
By Basil Oberholzer – Two main problems arise from the connections between monetary policy, financial markets and the oil market: the first is financial and economic instability caused by oil price volatility. The second is an environmental problem: a lower oil price inevitably means more oil consumption. This is a threat to the world climate.
Is there a joint answer to these problems? There is. While hitherto existing policy propositions like futures market regulation or a tax on fossil energy face some advantages and disadvantages, they are not able to deal with both the economic instability and the environmental problem at the same time. What is proposed here is a combination of monetary and fiscal policy. Let’s call it the oil price targeting system.
First, to achieve economic stability in the oil market, a stable oil price is needed. Second, to reduce oil consumption, the oil price should be increasing. So, let us imagine that the oil price moves on a stable and continuously rising path in order to fulfill both conditions. To implement this, the oil price has to be determined exogenously. Due to price exogeneity, speculative attacks cannot have any influence on the price and bubbles cannot emerge anymore. The oil price target can be realized by monetary policy by means of purchases and sales of oil futures. Since the central bank has unlimited power to exert demand in the market, it can basically move the oil price wherever it wants. more> https://goo.gl/eUh85j
Posted in Banking, Book review, Business, Economic development, Economy, Energy & emissions, History, Leadership, Media, Transportation
Tagged Climate change, Financial crisis, Industrial economy, Monetary policy, Oil price
By David Victor and Kassia Yanosek – The technology revolution has transformed one industry after another, from retail to manufacturing to transportation. Its most far-reaching effects, however, may be playing out in the unlikeliest of places: the traditional industries of oil, gas, and electricity.
Today, smarter management of complex systems, data analytics, and automation are remaking the industry once again, boosting the productivity and flexibility of energy companies. These changes have begun to transform not only the industries that produce commodities such as oil and gas but also the ways in which companies generate and deliver electric power. A new electricity industry is emerging—one that is more decentralized and consumer-friendly, and able to integrate many different sources of power into highly reliable power grids. In the coming years, these trends are likely to keep energy cheap and plentiful, responsive to market conditions, and more efficient than ever.
But this transition will not be straightforward. It could destabilize countries whose economies depend on revenue from traditional energy sources, such as Russia, the big producers of the Persian Gulf, and Venezuela. It could hurt lower-skilled workers, whose jobs are vulnerable to automation. And cheap fossil fuels will make it harder to achieve the deep cuts in emissions needed to halt global warming. more> https://goo.gl/YB2Yry
Posted in Business, Economic development, Economy, Energy & emissions, History, Nature, Technology
Tagged Climate change, Energy industry, Oil producers, Smarter management, Technology revolution
Renewable Energy Makes Things Tough On The Grid, But New Software Could Help
By Bruce Watson – In 2016, more than two-thirds of power in Europe came from nonrenewable sources. Globally, renewables are expected to reach parity with coal and gas around 2040.
Nevertheless, the speed with which intermittent renewables — the sun doesn’t always shine and the wind doesn’t always blow — are coming on board is making it harder for European utilities to balance the grid. That’s because the grid, as large as it is, is also a delicate system where supply must match demand at all times or there’s a risk of blackouts.
In France, for example, strong winds in the north mixed with a sunny week on the Riviera in the south can lead to a surfeit of electricity that puts the balance at risk.
The intermittency also makes profits hard to find, with European utilities on average struggling to increase profits 1 percent in 2016. Countries around the world are watching how Europe uses thermal generation to keep the grid balanced; prioritizes low-cost, clean and renewable energy; and keeps utilities profitable amid a rapidly changing energy network. more> https://goo.gl/iC532f
Posted in Broadband, Communication industry, EARTH WATCH, Economy, Education, Energy & emissions, Nature, Technology
Tagged Black out, Climate change, Electricity grid, GE, Power generation, Renewal energy
The Time To Invent The Technologies That Will Power Our Future Is Now
By David Danielson – The year 2050 sounds pretty far away, doesn’t it? But in terms of the world our children and grandchildren will inherit, 2050 is today: it’s right around the corner.
By 2050, there will be almost 10 billion people on Earth, one-third more than there are today, with essentially all of this population growth predicted to be in currently less-wealthy nations around the world. And the approximately 9 billion people living in these nations in 2050 will be hungry to consume more energy, requiring an almost doubling of energy usage per person to achieve a good standard of living by some estimates.
At the same time, the world’s best scientists have determined that we must simultaneously reduce our global greenhouse gas emissions by 80 percent or more by 2050, relative to today’s levels, in order to avoid the most devastating impacts of climate change.
Scaling and improving today’s clean energy technologies can take us part of the way to the future we all want. Technologies like wind power, solar power, LEDs, electric vehicle batteries, and many others are already rapidly approaching widespread cost-competitiveness with traditional forms of energy.
But these technologies alone will not be enough: it has become clear now that to provide universal energy access around the world while simultaneously achieving required emissions reductions, we must unleash an unprecedented Energy Innovation Revolution today – and over the next few years – to develop the transformative new energy technologies that will be needed to close the gap between the 2050 we are headed for and the 2050 we want. more> https://goo.gl/57jCZr
Posted in Business, EARTH WATCH, Economic development, Economy, Energy & emissions, Nature, Science, Technology
Tagged Clean energy, Climate change, GE, Paris Agreement, Population