INTERNET BUSINESSES

Archive for July, 2010

by Daniel Stouffer

Supporters of advocacy that protect the environment are strong in the position that the European Union is far ahead in the battle for carbon emissions reduction and energy abatement compared to the rest of the world. In fact, the EU holds an emissions reduction of 80% that is achievable by 2050. The largest transformation is hoped to come from the energy sector which will consequently have benefits to various sectors of the society in terms of savings in costs.

Highly respected analysts, McKinsey & Co. argued within their energy abatement curve documentation that alternative energy concepts must be embraced immediately. This includes nuclear, onshore and off shore wind turbines, Hydro, solar, biomass and geothermal. For the purpose of cutting down costs for power generation, the use of power from traditional sources must be brought down to almost zero.

Advocates for the environment could have the position on the European Union’s efforts in carbon emissions reduction and energy abatement to be far ahead compared to the rest of the world. The European Union holds an emissions reduction of 80% that appears to be achievable by 2050, which is only 40 years from now. It is felt that the largest change must come in the power generation sector and the major changes will drive considerable savings in many other sectors, as a consequence.

The power sector needs to be ‘fully decarbonized’ quickly should the goal of carbon emissions reduction needs to be at 80% by 2050. Other economic sectors would have to let go of the use of fossil fuels, replacing such with alternative energy sources like bio-fuels. As it is a given fact that there would be instances when the use of fossil fuel can’t be avoided, power generation plants would need to apply practices of carbon capture and storage or sequestration.

As we all tend to live in the current time and find difficulty in making projections far into the future, there is a danger that we are collectively burying our heads in the sand when it comes to the concept of reducing our emissions and funding energy abatement by such high and lofty goals. If we use history as a guide, we can see that alternative energy implementation has often taken a generation or more to move from concept to reality and as such, the stakes are high. Is it possible to convert our major power generation plants to almost carbon neutral within a couple of generations? Should we put all our faith in the energy abatement concepts or should we rely on a heavy taxation in one way or the other to drive down carbon emissions? The reality probably lies somewhere in the middle and puts additional stress on the politicians trying to consider cap and trade or carbon taxation during 2010.

Carbon capture and storage is by itself quite a complicated concept and rather expensive to implement. The process itself requires a large amount of additional energy and as such, requires additional fuel use, associated with significantly high costs. The CO2 itself would be stored deep within the ocean or underground as mineral carbonates.

Energy abatement should be high on the list of priorities for everybody, including corporate decision-makers. They simply cannot sit back and wait for Congress to make decisions which have an impact on the cost of energy that they consume. They should look at alternative energy sources, significant projects to increase efficiency, software and services to adequately monitor energy use and carbon emissions.

Although the independent European Climate Foundation has basically ratified the European Union’s aims, reducing greenhouse gas emissions and promoting energy abatement through the year 2050, it points out that action must be taken now and that delays of only a few years could have significant repercussions.

Sustainability Resource Planning (SRP) offers solutions for carbon emissions & refrigerant gas tracking, energy efficiency, sustainable asset management, and water conservation. Increased regulations to reduce greenhouse gases (GHGs) will cause significant challenges and will impact business operations, brand management, fiscal accountability, and risk mitigation strategies.
Learn more at http://www.verisae.com/articles