nuclear-news

The News That Matters about the Nuclear Industry

USA Air Force set up and ready to use depleted uranium weapons in Middle East

depleted-uraniumU.S. Sends Planes Armed with Depleted Uranium to Middle East Aletho News,  By David Swanson | War is a Crime | October 28, 2014 The U.S. Air Force says it is not halting its use of Depleted Uranium weapons, has recently sent them to the Middle East, and is prepared to use them.

A type of airplane, the A-10, deployed this month to the Middle East by the U.S. Air National Guard’s 122nd Fighter Wing, is responsible for more Depleted Uranium (DU) contamination than any other platform, according to the International Coalition to Ban Uranium Weapons (ICBUW). “Weight for weight and by number of rounds more 30mm PGU-14B ammo has been used than any other round,” said ICBUW coordinator Doug Weir, referring to ammunition used by A-10s, as compared to DU ammunition used by tanks.

Public affairs superintendent Master Sgt. Darin L. Hubble of the 122nd Fighter Wing told me that the A-10s now in the Middle East along with “300 of our finest airmen” have been sent there on a deployment planned for the past two years and have not been assigned to take part in the current fighting in Iraq or Syria, but “that could change at any moment.”

The crews will load PGU-14 depleted uranium rounds into their 30mm Gatling cannons and use them as needed, said Hubble. “If the need is to explode something — for example a tank — they will be used.” Continue reading

October 29, 2014 Posted by | depleted uranium, MIDDLE EAST, USA | Leave a comment

Japanese doctors intimidated against linking Fukushima cancers, illnesses to nuclear radiation

radiation-warningTruly Frightening”: Doctors being threatened for linking illnesses to Fukushima — Strange tumors, kids dying, pets dying — Much higher incidences of whole range of health problems reported — Experts: 1,000,000 cancers, plus many other ailments possible (AUDIO & VIDEO) http://enenews.com/frightening-doctors-being-threatened-telling-patients-illnesses-related-fukushima-radiation-strange-tumors-kids-dying-pets-dying-higher-incidences-range-health-problems-being-reported-experts

Arnie Gundersen of Fairewinds Energy Education on Radio Ecoshock, released Oct 29, 2014:

  • Alex Smith, host of RadioEcoshock (at 10:30 in): We’ve heard almost nothing about the impacts [of the Fukushima catastrophe] on people in that region. There are accounts coming out of there of strange tumors, kids dying, pets dying — what have you heard? Can we ever expect an honest accounting from Japanese authorities?
  • Arnie Gundersen, nuclear engineer (emphasis added): That’s a pretty good summary, frankly. We continue to get information from people who live there about cancer rates — and illnesses in general, not just cancer. We think of radiation as a cancer causing thing, but it also causes many other ailments. Much higher incidences of a whole range of illnesses than they had in 2010, the year before the accident… We’re also working with doctors in Japan, and some brave doctors are saying that they’ve been threatened — that their hospital rights have been threatened — if you tell your patient this illness is radiation related you’ll lose your right to practice and things like that. So there’s enormous pressure on the medical community to tell the patients that what they’re experiencing is not at all related to radiation. The key is statistics, and the question is when will the statistics be released for mortality, morbidity, and general illnesses… We’re not seeing the data. The medical community now has to file every report that it writes with the IAEA, the International Atomic Energy Agency, before it’s issued. So if you’re a hospital, and you’ve got mortality data, you’re not allowed to issue that to the public until those reports have been cleared by the IAEA. Well, Article II of the IAEA charter is to promote nuclear power. So even if the hospital was conscientious — there’s a lot of political pressure not to be — but even if it was conscientious, there’s another step in the process, and they’ve got to clear an IAEA hurdle before those numbers are released.It’s truly frightening, the pressure the medical community is undergoing in Japan. Very few of them are willing to tell the truth.

Arnie Gundersen, nuclear engineer, Oct. 20, 2014 (at 15:00 in): There’s experts out there like me – independent experts – who are saying that as many as a million cancers may result.

Sneak peek of Oct. 29 broadcast here | Watch Oct. 20 presentation here

October 29, 2014 Posted by | civil liberties, health, Japan, secrets,lies and civil liberties | Leave a comment

20 years, $4.5 billion minimum to get rid of San Onofre nuclear power plant

nuclear-plant-San-OnofreShutting down San Onofre to take 20 years, cost $4.4B, NRC says http://fox5sandiego.com/2014/10/28/shutting-down-san-onofre-to-take-20-years-cost-4-4b-nrc-says/ , OCTOBER 28, 2014, BY   SAN DIEGO- IT WILL TAKE 20 YEARS AND COST $4.4 BILLION TO DECOMMISSION THE SAN ONOFRE NUCLEAR POWER STATION, REGULATORS SAY.

Activists and residents peppered the members of the Nuclear Regulatory Commission Monday with pointed questions about the decommissioning process. “How can you tell us a price when you can’t even tell us how long the waste will be there,” asked a woman at the meeting.

San Clemente resident Rochelle Becker said she thinks the process will end up costing much more than the commission’s estimate.

“The NRC has never met a budget. Why in the world should they now?” Becker asked rhetorically.

While the commission estimated that it would take 20 years to decommission the reactor, that doesn’t include removing the plant’s spent nuclear fuel rods. The spent nuclear waste will remain on the property for up to 100 years, under the current plan.

There is no federal nuclear waste storage site, so every nuclear reactor faces the same problem. At the end of their life cycle, nuclear power plant will become nuclear waste storage sites until that changes, according to the commission.

October 29, 2014 Posted by | decommission reactor | Leave a comment

Sinister implications of Japan’s secrecy law shown up in musical theatre in Tokyo

Abe NUCLEAR FASCISMMusical points to sinister nuclear implications, Japan Times, BY TOMOHIRO OSAKI OCT 28, 2014 A recent court-themed musical staged in Tokyo was, to say the least, an audacious dig at the contentious state secrets law scheduled to take effect in December.

Set several years after the law’s passage last December, the musical, performed last week in Nakano Ward by the social theater troupe Musical Guild Q, offered what its adviser said was a “fairly realistic” sneak peek into how the first-ever trial of violators of this law would play out. At the same time, it was also an attempt to sound the alarm about what critics of the law say is an attempt by the powers that be to retreat into a more controlled society like the one that existed during the Pacific War.

“The chief purpose of the musical was to alert the audience to the likelihood that after the law takes effect, even information that is vital to their everyday life can be unjustly taken away from them,” said veteran lawyer and rights activist Yuichi Kaido, who served as a special adviser for the show.

On trial during the musical, which is titled “The Secret Garden,” is a group of nine ordinary citizens………

the audience is gradually clued in to what the musical’s writer calls the secrets law’s “inseparable” connection with nuclear power, and its ulterior motive to help achieve Japan’s transformation into a nuclear weapons-capable nation………

lawyer Kaido says he hopes that a worried citizenry will continue to protest and do everything possible to show the government they oppose the law even after it takes effect on Dec. 10.

“I don’t want people to succumb to the law’s pressure, but continue to fight for their rights to access information they have every right to know about,” he said. http://www.japantimes.co.jp/news/2014/10/28/national/musical-points-sinister-nuclear-implications/#.VFFjIiLF8nk

October 29, 2014 Posted by | Japan, media | Leave a comment

China’s nuclear power programme has dubious economic future

scrutiny-on-costsflag-ChinaChina’s Risky Nuclear Renaissance http://online.wsj.com/articles/heard-on-the-street-chinas-risky-nuclear-renaissance-1414508639 CGN Power’s Plan to Go Public Could Be Dicey By ABHEEK BHATTACHARYA Oct. 28, 2014  

Nuclear energy: It’s risky stuff. Hence, there is often a heavy degree of government control over it—which makes it a doubly risky investment proposition.

Especially when that government is China’s.

A number of Chinese state-owned nuclear companies are going public these days. CGN Power, the country’s largest with 9.4 gigawatts of operating capacity, will likely offer $3 billion worth of new shares in Hong Kong next month, reports The Wall Street Journal. A small affiliate, CGN Meiya Power , raised $262 million in Hong Kong last month and has seen its shares rise by 20% since. Meanwhile, another top operator, China National Nuclear Power, also plans an initial public offering.

Once listed, these will be one of a handful of stocks globally, including the likes of Exelon of the U.S. and EDF of France, offering high or pure exposure to nuclear energy. And while much of the rest of the world is ambivalent about or hostile to nuclear energy, Beijing has big expansion plans.  The Chinese government suspended new project approvals after Japan’s Fukushima accident in March 2011. But the need to diversify away from smog-causing coal has put its nuclear ambitions back on track. China now targets nearly tripling the nuclear capacity that’s up and running to 58 gigawatts by 2020. The IPOs will help fund that ambition.

The state’s involvement can cut both ways, though. CGN Power sells most of its output to state-run electricity grids at regulated tariffs. For power plants that began operating before 2013, these tariffs are tailored to yield a “reasonable” profit, according to CGN’s prospectus. Yet its net profit has fallen since 2011 because of either surging costs or weakening sales.

For newer plants, the tariff is supposed to be fixed—except when it isn’t. In a bid to avoid competition, these plants are required to cut tariffs if neighboring coal-fired power is cheaper. That’s quite likely as coal prices spiral downward. Energy prices are heavily regulated precisely because consumers are rather attached to light and heat. That makes them subject to political, as well as economic, forces.

In France, for example, shares in state-run EDF tanked 14% in June when the government scrapped a planned tariff increase. There’s even more reason to worry in China since governments could keep down power prices as a stimulus to troubled heavy industries. Growth prospects are high, which is likely one reason that CGN Meiya already trades at 10.9 times 2013 earnings before interest, tax, depreciation and amortization. That is far higher than EDF’s 4.8 times or Exelon’s 6.6 times.

Double-digit multiples are no doubt tempting for IPO bankers but look too much for a large nuclear generator carrying this much political risk. Problem is, CGN’s balance sheet means it needs a high multiple, or fast growth in profits, to make its IPO math work.

Net debt as of this March is a hefty 5.1 times 2013 Ebitda, and still high at four times even if related-party loans are excluded. And less than 10% of the IPO proceeds are currently earmarked for paying off borrowings. As if nuclear power wasn’t risky enough

 

October 29, 2014 Posted by | business and costs, China, politics | Leave a comment

Secret collusion between USA nuclear regulator and nuclear energy company to cover up earthquake risk?

justiceIn Federal Court Filing, PG&E and Nuclear Regulator Said to Collude in Secret Decision to Cover up Diablo Canyon’s Vulnerability to Earthquakes http://www.enewspf.com/latest-news/science/science-a-environmental/56383-in-federal-court-filing-pg-e-and-nuclear-regulator-said-to-collude-in-secret-decision-to-cover-up-diablo-canyon-s-vulnerability-to-earthquakes.html  WASHINGTON, D.C. –(ENEWSPF)—October 28, 2014. Friends of the Earth has petitioned the U.S. Court of Appeals to overturn a secret decision by the Nuclear Regulatory Commission to illegally alter the operating license for the Diablo Canyon nuclear power plant allowing Pacific Gas and Electric to hide the fact that the reactors are vulnerable to earthquakes stronger than it was meant to withstand.

 The secret revision of Diablo Canyon’s license was revealed in NRC documents rejecting a dissent by the plant’s former senior Diablo nuclear power plantresident inspector. The inspector, Dr. Michael Peck, defied his superiors in saying that Diablo Canyon was operating in violation of its license and should be shut down unless and until new seismic information was addressed.

In a July 2013 formal dissent, which the NRC suppressed for more than a year, Dr. Peck argued that newly discovered faults could produce earthquakes far more destructive than the plant was designed, built and licensed to withstand. Last month, in rejecting the dissent, the NRC revealed that in September 2013 it had changed the way the risk of earthquakes at the plant are assessed — in effect, rewriting history and science to make the threat of more powerful earthquakes go away, without requiring any safety upgrades by PG&E.

The amendment was added in secret, unknown beyond the highest levels of PG&E and the NRC. Continue reading

October 29, 2014 Posted by | secrets,lies and civil liberties, USA | Leave a comment

New evidence shows connection between radiation exposure and aggressive thyroid cancer

thyroid-cancer-papillaryhighly-recommendedAggressive Thyroid Cancers Linked to Radiation Exposure http://www.medscape.com/viewarticle/834000 Roxanne Nelson October 28, 2014 Researchers who have followed the children and adolescents exposed to radioactive fallout from the the 1986 Chernobyl nuclear power plant accident have highlighted the fact that the thyroid cancers seen in these individuals are particularly aggressive. They say their work has implications for individuals affected by the 2011 nuclear reactor incidents in Fukushima, Japan.

The study is published online October 28 in Cancer.

The research team screened nearly 12,000 individuals from Belarus several times over a course of 9 years. Study participants were all under age 18 years when they were exposed to the Chernobyl radioactive fallout.

All individuals underwent up to three cycles of thyroid screening from 1997 to 2008. Radioactive iodine-131 (I-131) thyroid doses were estimated from individual thyroid activity measurements taken within 2 months after the accident, along with dosimetric data from questionnaires.

A total of 158 thyroid cancers were diagnosed in the 11,664-person cohort during 3 rounds of screening, which were conducted at roughly 2-year intervals.

The researchers found that higher I-131 thyroid doses were associated with higher frequency of solid or diffuse sclerosing variants of thyroid cancer (P < 0.01), as well as histologic features of cancer aggressiveness, such as lymphatic vessel invasion, intrathyroidal infiltration, and multifocality (all P < .03).

First author Lydia Zablotska, MD, PhD, associate professor in the Department of Epidemiology and Biostatistics at the University of California, San Francisco, explained that her group has previously shown that radioactive iodine exposure significantly increases the risk for thyroid cancer in a dose-dependent manner. But this new study demonstrates that exposure to I-131 is associated with distinct clinical features indicating more aggressive tumors.

“Our study has very important implications for clinical practice,” Dr Zablotska told Medscape Medical News, especially as they relate to radiation exposure that resulted from the 2011 nuclear reactor incidents in Fukushima, Japan. Continue reading

October 29, 2014 Posted by | health, Japan, Ukraine | Leave a comment

Despite volcano warnings, Japanese Officials Vote to Reopen Nuclear Power Plant

safety-symbol-Smflag-japanJapanese Officials Vote to Reopen Nuclear Power Plant, Despite Volcanic Warnings, Newsweek,  By  10/28/14 Local officials have voted to reopen a nuclear plant in Japan, despite warnings of increased volcanic activity in the region from scientists.

The decision comes despite a warning on Friday that Japan’s Seismological Agency had documented an increase of activity in the Ioyama volcano, located 40 miles away from the power station……….

Japan sits on the ‘Pacific Ring of Fire’, an area of great instability in the earth’s crust, which is home to 75% of the world’s volcanoes.

Minor tremors were reported on Friday morning and soon after, Japanese officials warned of a potential eruption and called for hikers to avoid the area, which is popular with tourists.

The Sendai plant is also situated only 31 miles from Mount Sakurajima, an extremely active volcano which erupts on a regular basis. The documentation of new activity comes barely a month after the eruption of Mount Ontake, when 57 hikers were killed on its slopes. There were no accompanying signs of seismic activity prior to the eruption which might have alerted Japanese authorities to the impending disaster.

The vote has been seen as an attempt to resurrect the country’s nuclear industry, which the  Japanese government hopes to restart despite public opposition to nuclear energy in the wake of the Fukushima disaster. Prior to the disaster, the Japanese had derived 30 percent of their electricity from atomic power.

Japan’s Nuclear Regulation Authority (NRA) approved Sendai’s safety features in September, but the plant must still pass operational safety checks before it will be able to reopen. http://www.newsweek.com/japanese-officials-vote-reopen-nuclear-power-plant-despite-volcanic-warnings-280462

October 29, 2014 Posted by | Japan, safety | Leave a comment

Friends of the Earth petitions U.S. Circuit Court of Appeals to review licensing of Diablo Canyon Nuclear Reactor

Diablo nuclear power plantGroup Asks Court For Review Of PG&E’s Diablo Canyon Nuclear Reactor License Over Earthquake Fears http://sanfrancisco.cbslocal.com/2014/10/28/environmental-group-asks-court-for-review-of-pge-diablo-canyon-nuclear-reactor-license-over-earthquake-fears/ October 28, 2014 AVILA BEACH, San Luis Obispo County (CBS SF) — An environmental group asked a federal court Tuesday to review its claim that California’s last operating nuclear power plant is violating federal law and should be shut down at least temporarily.

In a petition filed in Washington with the U.S. Circuit Court of Appeals for the District of Columbia, Friends of the Earth said the Nuclear Regulatory Commission violated its own rules when it altered the operating license for the Diablo Canyon reactors.

The petition marked the latest development in the dispute over potential danger posed by earthquake faults near the reactors.In a statement, the group said the change, involving how risks from earthquakes are assessed, should have triggered a license amendment proceeding that would have involved public hearings. Instead, the change was made internally.

The petition asked that the change be overturned and the court order a license amendment proceeding. It also asks that the power plant be shut down until those proceedings are completed.

“The NRC acted arbitrarily, abused its discretion and violated” federal laws by approving the change without seeking the required license amendment, the petition said. The NRC and plant owner Pacific Gas and Electric Co. have long said the plant located near San Luis Obispo, midway between Los Angeles and San Francisco, is safe and in compliance with regulations.

NRC spokeswoman Lara Uselding said in an email the agency will review the filing.

The environmental group said the NRC and the company are trying to conceal that the reactors are vulnerable to strong shaking from possible earthquakes. “It is now clear that these outdated 1960s-era reactors are not built to withstand the earthquake risks that surround the plant,” spokesman Damon Moglen said in a statement. “Instead of making them address these safety issues, the NRC worked with PG&E to change the rules.”

October 29, 2014 Posted by | Legal, USA | Leave a comment

Uranium hexafluoride leak at Honeywell uranium plant, USA

safety-symbol-SmFlag-USAU.S. nuclear regulators probing leak at Honeywell uranium plant BY LEWIS KRAUSKOPF Tue Oct 28, 2014 Oct 28 (Reuters) – U.S. nuclear regulators are investigating a leak of uranium hexafluoride that occurred on Sunday at an Illinois plant operated by Honeywell International Inc where union workers have been locked out.

Honeywell confirmed the Sunday evening leak at its Metropolis, Illinois plant, saying it was due to an equipment failure. There were no injuries and no reason to believe anyone was endangered by the leak, according to Honeywell.

An inspector from the Nuclear Regulatory Commission started an investigation at the plant on Tuesday, said NRC spokesman Roger Hannah.

“At this point we’re still in a fact-finding mode,” Hannah said. “We haven’t come to any conclusions about whether processesweren’t followed.” He said the investigation could take a few days to a week. Honeywell’s Metropolis plant is the only U.S. facility that converts uranium oxide into to uranium hexafluoride, or UF6, which is then enriched to be used as fuel in nuclear power plants.

Uranium hexafluoride is radioactive, and if released into the air can be chemically toxic……..http://www.reuters.com/article/2014/10/28/honeywell-intl-uranium-idUSL1N0SN0ZX20141028

October 29, 2014 Posted by | incidents, USA | Leave a comment

Saudi Arabia to learn from Canadian renewable energy success story

flag-canadarenewable sources generate up to 65 percent of Canada’s electricity. Solar and wind are the country’s two fastest growing sources.According to him, Solar photovoltaic capacity reached 1,210 megawatts of cumulative installed capacity in 2013. The Canadian Solar Industry Association forecasts that annual capacity will increase three folds by 2025. By then, the Canadian solar industry will support more than 35,000 jobs, displacing 15 to 31 million tons of greenhouse gas emissions per year.
Canada has two of the largest solar farms in the world

Saudi Arabia, Canada to hold renewable energy seminar  http://www.arabnews.com/economy/news/651686  29 Oct 14, A Canadian trade delegation, headed by Canada’s Deputy Minister of International Trade Simon Kennedy arrived in Saudi Arabia on Monday to meet several Saudi officials and major firms with a special focus on renewable energy in Saudi Arabia.
Canadian Ambassador Thomas MacDonald said Canada’s first renewable energy mission, which is focused on solar technology, will visit the King Abdullah City for Atomic and Renewable Energy (KACARE), the Saudi Electricity Company (SEC), ACWA Power and other industry leaders.  Continue reading

October 29, 2014 Posted by | Canada, renewable, Saudi Arabia | Leave a comment

Nanyang Technological University Singapore leads te way with a hybrid micro grid for renewable energy

NTU to build region’s first renewable energy integration demonstration micro-grid Phys Org 29 Oct 14 Nanyang Technological University Singapore (NTU Singapore) will be building a hybrid micro-grid which will integrate multiple large-scale renewable energy sources. The first in the region, the hybrid micro-grid will test and demonstrate the integration of solar, wind, tidal-current, diesel, storage and power-to-gas technologies, and ensure these energy sources operate well together.

micro-grid-Singapore

To be built under the new Renewable Energy Integration Demonstrator- Singapore (REIDS) initiative, the hybrid micro-grid will be located offshore at Semakau Landfill and is expected to produce power in the megawatt (MW) range, which will be suitable for small islands, isolated villages, and emergency power supplies. This will be able to power around 250 HDB 4-room apartments, which together consume a peak of 1 MW.

This initiative is supported by the Singapore Economic Development Board (EDB), and the National Environment Agency (NEA). The S$8 million initial micro-grid infrastructure will also facilitate the development and commercialisation of energy technologies suited for tropical conditions to be developed by NTU Singapore together with 10 world leading companies…….http://phys.org/news/2014-10-ntu-region-renewable-energy-micro-grid.html

October 29, 2014 Posted by | ASIA, renewable | Leave a comment

European Union heading to meet its 2020 renewable energy targets

EU on track to meet 2020 renewable energy targets, Hydroworld, BRUSSELS 10/28/2014   Online Editor Greenhouse gas emissions within the European Union fell by almost 2% between 2012 and 2013, putting the EU close to its 2020 reduction target, according to data released this week by the European Environment Agency.

“According to latest estimates, EU greenhouse gas emissions in 2013 fell by 1.8% compared to 2012 and reached the lowest levels since 1990,” an EU statement said. “So not only is the EU well on track to reach the 2020 target, it is also well on track to overachieve it.”

Hydroelectric power has been an integral component of the EU’s efforts in cutting its greenhouse gas emissions and producing 20% of its power with renewable sources.

The EEA’s analysis of member states’ own projections show the EU is likely to cut its greenhouse gas emissions by at least 21% of 1990 levels by 2020, surpassing its 20% target. Meanwhile, the report shows 14% of the EU’s energy was generated by renewable sources in 2012, which is ahead of its projections to hit the 20% mark by the end of the decade.

“Our analysis shows that Europe is on track towards its 2020 targets,” EEA executive director Hans Bruyinickx said. “Even against the backdrop of economic recession in recent years, we can see that policies and measures are working and have played a key role in reaching this interim result.”…….The EU has said that it’s longer-term objectives include decarbonizing Europe’s greenhouse gas emissions by between 80% and 95% by 2050. http://www.hydroworld.com/articles/2014/10/eu-on-track-to-meet-2020-renewable-energy-targets.html

October 29, 2014 Posted by | EUROPE, renewable | Leave a comment

Germany’s new style decentralised energy industry

text-renw-GermanyGermany embracing renewable energy Power production from renewables has tripled in Germany within the past decade, mostly from wind and solar. Yahoo News 29 Oct 14 

“……..Last year, renewables accounted for 24 per cent of the country’s electricity.The German government introduced generous subsidies to kick-start the sector, amounting to 16 billion euros last year. But the government claims the program has already saved billions in fuel costs for the heavily import-reliant country.

“We have created new businesses worth 40 billion euros per year,” Ecologic Institute analyst Andreas Kraemer said.”We have created additional employment for up to 400,000 people. They all pay taxes, they all pay social security charges.”

German households and small business pay the largest share for the renewable turnaround.They pay around 29 euro cents per kilowatt hour and much of that goes towards a renewable energy surcharge.

Big industrial users are exempt from the surcharge and pay just 3.5 cents per kilowatt hour……..

A new-look energy market The energy turnaround has clouded the future for the dominant utility companies in Germany.Germany’s big four, Vattenfall, E.on, RWE and EnBW, have enjoyed an oligopoly driven by nuclear power and fossil fuels………

Investors look for exposure to renewables market The makeup of the German energy market already looks very different, with hundreds of companies and cooperatives being formed in a decentralised industry.

While banks, industry, and project developers own 40 per cent of renewable installations, farmers and private investors own half.A number of new investment vehicles have formed to take advantage of the new industry. Crowd funding start up Bettervest has financed 14 projects since its inception a year ago.

Company spokesman Julien Schroder-Gianoncelli said investors are attracted by the projects and the returns,\. “We are offering 5-10 per cent in interest, which is pretty good at the moment,” he said.

Ceramic Fuel Cells believes Germany’s regulations, incentives and market make it the place to be. Mr Obernitz said that, for the time being at least, there are no incentives available in Australia.

“I’m not sure if that is going to change,” he said.

“We would favour that because we have invented the technology in Australia, and it’s something that will change the world.”……… https://au.news.yahoo.com/vic/a/25372077/germanys-renewable-energy-incentives-and-regulations-attracting-australian-companies/

October 29, 2014 Posted by | decentralised, Germany | Leave a comment

A nuclear deal with the West would give Iran a chance to kickstart the economy

Iranians Hope for Nuclear Deal With West to Kick-Start Economy, NYT  By  OCT. 28, 2014 For more than a year, President Hassan Rouhani has been dangling the prospect of a bright economic future before the middle classes that elected him, promising to complete a deal with the West to limit Iran’s nuclear program and end the sanctions hobbling the Iranian economy.

While the deadline of Nov. 24 is fast approaching, it is far from clear whether the two camps will agree on a pact. What seems certain, analysts say, is that with oil prices falling seemingly daily — and projected to drop even further — the oil-dependent government of Iran faces growing pressure to settle the nuclear standoff.

In one sign that Tehran might be bending, Obama administration officials and the chief American negotiator, Wendy Sherman, were said to be briefinglawmakers and allies last week on the outlines of an agreement, hoping to building support in advance of an announcement.

Iranian officials will never admit that either sanctions or low oil prices have any effect on their bargaining position in the nuclear talks. Yet, for a country that by some estimates needs an oil price of more than $140 a barrel to balance its budget, the roughly 25 percent drop in oil prices to around $80 a barrel since last summer has to be deeply concerning.

The precipitous decline could force the government to cut back popular benefits, like subsidies for gasoline and utilities and the $12 monthly cash benefit that Iranians have come to consider a birthright. And it could have even broader effects, possibly sending the economy into recession and pressuring the country’s currency……..

In Plan A — Mr. Rouhani’s vision — a nuclear deal would lead to the lifting of all sanctions, and the Iranian economy would become a tempting paradise for foreign investors……….http://www.nytimes.com/2014/10/29/world/middleeast/iranians-hope-for-nuclear-deal-with-west-to-kick-start-economy.html?_r=0

October 29, 2014 Posted by | Iran, politics international | Leave a comment

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