Global 100 progress report
Posted January 22, 2018
The pace of change is quickening in favour of a low-carbon future
From transportation to electricity generation, technological advancements are shifting the ways we shop, work, live and move around. One remarkable statistic released by Bloomberg New Energy Finance last month showed prices for lithium-ion battery packs dropping 24 per cent in 2016 alone – a vital tool for both the electric transportation and energy storage sectors more broadly.Continue Reading...
Posted January 5, 2018
Indigenous Canadians heavily involved in renewables sector
Canada’s electricity sector is in the throes of dramatic transformation and is creating a bounty of opportunity for Indigenous communities seeking to tap the country’s renewable energy potential, according to Lumos Clean Energy Advisors.
A national survey conducted by Lumos found 152 medium to large clean energy projects with substantive Indigenous involvement, a notable increase from just 26 projects in 2008. Indigenous ownership of the projects averages out at 25 per cent, manifesting itself through direct ownership, partnerships, impact benefit agreements, lease agreements and revenue sharing agreements, among other vehicles.Continue Reading...
Flooding the market
Posted January 3, 2018
Insurers warn of $1.7 trillion climate protection gap created over past decade
Only 30 per cent of the costs associated with climate-related weather events have been covered by insurance over the past 10 years, leaving the public sector and civil society with a $1.7 trillion bill.
That’s the conclusion of new research by the ClimateWise initiative, a group of 28 leading insurance firms based out of the Cambridge Institute for Sustainability Leadership. The number of natural catastrophes has increased sixfold since 1950, multiplying financial damages incurred 500 per cent up to $170 billion.Continue Reading...
Posted December 29, 2017
Household appliance maker Dyson moves into electric vehicle market
British technology company Dyson will spend £2.5 billion on developing a “radically different” electric vehicle by 2020, according to an announcement by founder and chief engineer James Dyson in September.
The project will rely on the nascent technology of solid-state batteries, as opposed to the more widespread lithium-ion technology used by Tesla and other electric vehicles. Proponents of solid-state technology describe the battery packs as smaller, more powerful and easier to charge. Toyota has previously expressed interest in the technology, as has Porsche.Continue Reading...
Posted December 28, 2017
Company lets EV drivers plug in for extra income
Anyone in the U.K. owning a Nissan Leaf will soon be able to make money from the vehicle overnight, providing they install a special charger at home.
The partnership between Nissan and energy supplier Ovo Energy allows consumers the option to connect their Leaf through a vehicle-to-grid (V2G) service, giving the supplier access to their battery overnight. Ovo will then use the battery to store electricity purchased when it’s cheapest and sell it off once it becomes more expensive. Ovo will share some of these revenues with the car owner, estimated at £590 a year. To ensure the vehicle is sufficiently powered for trips in the morning, owners can set a minimum charge threshold.Continue Reading...