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Japan’s nuclear marketing disappointment: Vietnam to cancel reactor order

Buy-Japan's-nukes-2Japan’s nuclear export ambitions hit wall as Vietnam set to rip up reactor order Reiters,  By Aaron Sheldrick and Ho Binh Minh | TOKYO/HANOI, 17 Nov 16 

Vietnam is poised to abandon plans for Japanese firms to build a multi-billion dollar nuclear power plant, damaging Prime Minister Shinzo Abe’s drive to begin exporting reactors after the Fukushima disaster left the industry in deep-freeze at home.

The Japanese government said in a statement this week that it had been informed by Vietnamese Deputy Prime Minister Trinh Dinh Dung that Hanoi was close to a decision to cancel the project. Japan’s Minister of Economy, Trade and Industry, Hiroshige Seko, described the move as “very regrettable.”

Vietnam’s decision, attributed to lower demand forecasts and rising costs as well as safety concerns, also deals a broader blow to the global nuclear business. Countries from Germany to Indonesia have decided to either pull out of nuclear energy or cancel development plans in the wake of the Fukushima nuclear disaster in 2011, the world’s worst since Chernobyl in 1986.

“Vietnam is only the latest in a long list of countries, including more recently Chile and Indonesia, that have postponed indefinitely or abandoned entirely their plans for nuclear new-build,” said Mycle Schneider, a Paris-based energy analyst.

Though it has sought contracts for years, Japan has never led a nuclear project to completion overseas and Abe has lent his office’s prestige to attempts to win contracts, most recently in Turkey. The dented ambitions for exports come at a time when Japan is struggling to restart dozens of reactors shut down in the wake of Fukushima.

“This is a major blow to Japanese ambitions to, finally, export their first nuclear reactors,” said Schneider…….

DEMAND GROWTH EASING

Vietnam’s parliament is set next Tuesday to formally approve scrapping the Japanese deal, as well as the country’s first nuclear project, which was awarded to Russia’s Rosatom, according to state media. Rosatom said it would not comment until the Vietnam parliament formalized the decision.

The Japanese and Russian nuclear plants were supposed to have been located in central Ninh Thuan province…….. http://www.reuters.com/article/us-japan-vietnam-nuclearpower-idUSKBN13D0RK

November 19, 2016 Posted by | Japan, marketing, Vietnam | 1 Comment

Texas city Georgetown joins Vermont city Burlington in going for 100% renewable energy

Statue-of-Liberty-solarTexas City Moves To 100 Percent Renewable Energy Spurred By Federal Plan That New Administration Is Expected To Spurn, Fronteras, By  Lorne Matalon  November 17, 2016 GEORGETOWN, Texas — Donald Trump’s victory and the impending Republican majority in Congress means the Obama administration’s initiative to cut greenhouse gas emissions, the Clean Power Plan, is almost certainly in jeopardy.

The plan is currently before a federal appeals court, under challenge by 24 states. But the new administration is expected to spike the plan before the court rules.

One conservative Texas city has decided to do what the plan was meant to help promote. It’s going 100 percent renewable, wind and solar, in a state largely defined by oil and gas.

There are environmental benefits to the switch, but the decision is all about the money.

In the central Texas city of Georgetown, the droning sound of natural gas powered industrial air conditioning represents unpredictability. Natural gas prices are low now, but historically that market fluctuates.

This city of 55,000 is on the cusp of joining Burlington, Vermont, population 42,000, as the country’s only sizable cities buying 100 percent power from renewable energy. Liberal Burlington is a far cry ideologically from fiercely conservative Georgetown. But they’re fellow travelers in energy.

“So we begin the conversations of what the future might look like,” said Georgetown’s utility chief Jim Briggs.

The city had been buying power from a utility that was expanding its coal-fired power plants. But when the Obama administration began pushing back against new coal plants, Briggs decided to go all green. And it had nothing to do with the environment.

“It was regulation and legislation coming out of Washington,” he said. Then there was the money. “We wanted the least risk, most cost effective option we could get for the community.”

In Texas, the country’s leading wind generation state, wind is now competitive with fossil fuels. But unlike oil and gas, costs don’t fluctuate.

Fred Beach, assistant director for energy and technology policy at University of Texas at Austin’s Energy Institute, explained the economics of renewables.

“You’re locking in that rate and ten years from now, wind and solar many be even less yet,” Beach said. “But if you’re happy with locking in today’s rate for the next 20 years with certainty, that’s an unbelievably powerful hedging opportunity.”

Now Briggs can tell customers, both businesses and residential, about that hedge, about a price that’s fixed……..

Wind is economical here because the state has invested in transmission lines to bring wind power from sparsely populated west Texas to cities like Georgetown in the center of the state.

History’s full of examples of sending resources across large distances, from Roman Empire aqueducts to the Hoover Dam. The dam sends power from Lake Mead on the Arizona-Nevada border to Los Angeles.

Texas has taken a page from that playbook, deploying $7 billion of taxpayer money on those transmission lines.

“We’ve done this kind off stuff in the past but now it’s like, oh well, you’re doing that for environmental reasons, you’re doing it for tree-hugger reasons,” Beach said. But now there’s a strong economic rationale. “It’s not going to cost more tomorrow, or five years or 10 years from now, we’ll lock it for 20 years.”

The city will be powered exclusively by wind and/or solar in 2017 said Chris Foster, Georgetown’s Manager of Resource Planning and Integration.

“As you add more renewables to the grid, eventually those renewable plants get paid off. And once they’re done being paid off, they have an operating margin of almost zero,” Foster said. “So if you can own these assets super longterm, you see the cost of power should be continuing to decline.” http://www.fronterasdesk.org/content/10488/texas-city-moves-100-percent-renewable-energy-spurred-federal-plan-new-administration

November 19, 2016 Posted by | renewable, USA | Leave a comment

Commitment to divest from fossil fuels – Islamic Society of North America

climate action IslamIslamic Society of North America Announces Divest-Invest Commitment http://www.greenfaith.org/programs/divest-and-reinvest/islamic-society-of-north-america-announces-fossil-fuel-divestment Statement of Dr. Azhar Azeez
President of the Islamic Society of North America
   9 Safar 1438 AH/10 November 2016

ISNA was proud to have been an important part of the organizing of the Marrakech Conference back in April of this year at which scholars and Muslim leaders from around the globe affirmed the message of the Prophet Muhammed (AS) Suluh Medina (Charter) as a model and basis for interfaith cooperation common action as we strive for a better and more fair and just world.

ISNA also has a proud tradition of partnering with other national faith communities on issues and causes of justice including the Shoulder-To-Shoulder Campaign and most recently signing along with other national and world faith leaders the COP 22 Interfaith Climate Statement to be presented in Marrakech today.

“According to Islam’s most basic and fundamental teachings, human beings have been uniquely charged with the great responsibility of being Guardians and Caretakers of the Earth. It goes against the overall service based mission ISNA, to invest in fossil fuel companies whose operations and products cause such grave harm to humanity and to Creation and ISNA commits herself to this cause.”

The Islamic Society of North America is the largest US Muslim umbrella organization.  Established in 1963 as the Muslim Students Association of the US and Canada, ISNA’s affiliate and constituent organizations include the North American Islamic Trust (NAIT), Islamic Medical Association of North America (IMANA), Association of Muslim Scientists and Engineers (ASME), Association of Muslim Social Scientists (AMSS), Council of Islamic Schools of North America (CISNA), Muslim Students Association (MSA) and Muslim Youth of North America (MYNA).  For information about ISNA, see www.isna.net

Contact:  Imam Saffet Abid Catovic, Board Member, ISNA Green Mosque Task Force; saffetac@aol.com

November 19, 2016 Posted by | 2 WORLD, climate change, Religion and ethics | 3 Comments

Religious leaders from 44 countries present the the COP22 Interfaith Climate Statement

logo Paris climate1World religious leaders present joint statement to UN climate talks http://www.indcatholicnews.com/news.php?viewStory=31359
At the UN climate talks on Wednesday, a senior member of the UN Secretary General’s Climate Change Support Team received the COP22 Interfaith Climate Statement, signed by more than 230 eminent religious leaders from 44 countries. The Statement called on nations to justly manage the transition to a low carbon economy and urged for governments to shift trillions of investments in fossil fuels into renewable energy, in line with the Paris Agreement and the Sustainable Development goals (SDGs).The Statement is consistent with the Secretary General’s continued strong call for redirecting investments into clean energy, including clean energy access. “As a means to speed up the transition to a low carbon economy,” the Secretary General told 500 global investors at the 2016 Investor Summit on Climate Risk, “Markets now have the clear signal they need to unleash the full force of human ingenuity and scale up investments that can generate low-emissions resilient growth.”The Statement was drafted and distributed in collaboration with more than thirty faith groups globally. Signatories of the Statement include His Holiness the Dalai Lama; Msgr. Marcelo Sánchez Sorondo, Chancellor of the Pontifical Academy of Sciences; Rev Dr Olav Fykse Tveit, General Secretary, World Council of Churches; Sayyid M. Syeed, Islamic Society of North America; Archbishop Desmond Tutu; and over 230 other faith leaders from around the globe. Other signatories include senior Buddhist, Muslim, Hindu, Jain, Sikh, , Eastern Orthodox, Roman Catholic, Anglican, Episcopal, Baptist, Pentecostal, Lutheran, Quaker, Unitarian Universalist, Indigenous and other Spiritual leaders.

At the Summit of Religious and Secular Leaders on Climate Change, Ban Ki-Moon said the potential impact of the faith sector was enormous, describing them as the “third largest category of investor, that can establish green religious buildings. Invest ethically in sustainable products. And set an example for the lifestyles of billions of people, whose actions can encourage political leaders to act more boldly in protecting people and the planet.” He went on to say that the world’s faith and religious communities owned up to eight percent of the world’s habitable land and five percent of commercial forests. The faith sector also contributes to more than half of the world’s schools, and according to the Pew Research Center offers moral and spiritual guidance to approximately 84 percent of all people.

The interfaith delegation that handed over the Statement included ISNA representative Imam Saffet Catovic; Sister Jayanti, European Director of Brahma
Kumaris World Spiritual University; Ciara Shannon, a co-founder of the Global Catholic Climate Movement and the Rev. Fletcher Harper, Executive Director of GreenFaith, who said “We are honoured that the UN Secretary General has received the COP22 Faith Statement. This is an important milestone to advance engagement by high-level faith leaders around the Paris Agreement and the Sustainable Development goals. It is important to highlight that faith communities globally are united in their concern to respond to the climate crisis, to care for the most vulnerable and we are committed to bring distributed, renewable energy to the 1.1 billion people globally who lack access to electricity by 2030.”

Read the COP22 Interfaith Climate Statement here: http://www.interfaithstatement2016.org/

In support of the Statement and marking the world’s first public divestment announcement from a Muslim institution, the Islamic Society of North America (ISNA) in a major announcement on 10 November committed to divest from fossil fuels and encouraged its two constituent organizations and five national affiliated institutions to do so as well. See: http://www.greenfaith.org/programs/divest-and-reinvest/islamic-society-of-north-america-announces-fossil-fuel-divestment

November 19, 2016 Posted by | 2 WORLD, climate change | Leave a comment