The Saudi Press Agency (SPA) reported that the head of state made the speech to Saudi scholars at an event in Washington DC.

“I was heading a cabinet meeting and told them to pray to God the Almighty to give it a long life,” King Abdullah is reported as saying. “I told them that I have ordered a halt to all oil explorations so part of this wealth is left for our sons and successors God willing.”

Analysts in the Saudi Arabia say that the king’s comments do not mean that Saudi Aramco’s exploration plans will be aborted, but that caution was advised when it came to the kingdom’s vast hydrocarbon reserves.

Source: www.meed.com

“While salt might not save the world alone, we believe osmotic power will be an interesting part of the renewable energy mix of the future,” Statkraft Chief Executive Baard Mikkelsen told reporters.

Statkraft, Europe’s largest producer of renewable energy with experience in hydropower that provides nearly all of Norway’s electricity, aims to begin building commercial osmotic power plants by 2015.

The main issue is to improve the efficiency of the membrane from around 1 watt per square meter now to some 5 watts, which Statkraft says would make osmotic power costs comparable to those from other renewable sources.

The prototype, on the Oslo fjord and about 60 km (40 miles) south of the Norwegian capital, has about 2,000 square meters of membrane.

Future full-scale plants producing 25 MW of electricity, enough to provide power for 30,000 European households, would be as large as a football stadium and require some 5 million square meters of membrane, Statkraft said.

Once new membrane “architecture” is solved, Statkraft believes the global production capacity for osmotic energy could amount to 1,600-1,700 TWh annually, or about half of the European Union’s total electricity demand.

Europe’s osmotic power potential is seen at 180 TWh, or about 5 percent of total consumption — which could help the bloc reach renewable energy goals set to curb emissions of heat-trapping gases and limit global warming.

Osmotic power, which can be located anywhere where clean fresh water runs into the sea, is seen as more reliable than more variable wind or solar energy.

A summit in Copenhagen next month is due to agree on a U.N. pact to combat climate change by promoting clean energies and a shift from fossil fuels that a U.N. scientific panel blames for stoking heatwaves, floods, droughts and rising seas.

Source: www.reuters.com

United States (and elsewhere) already knows that dozens of options are available. There’s the production tax credit for wind and other renewables, renewable portfolio standards, renewable energy credits, and systems benefit funds. For energy efficiency there’s stricter performance standards for buildings and appliances, energy efficiency mortgages and loans, performance contracting, home energy rating systems, building retrofitting, energy audits and more.This overwhelming array of policy mechanisms, however, leaves one question unanswered: which one’s the best?

It happens to be a trick question, for one new study conducted by this author has concluded that at least four policies will be needed at once. These include eliminating subsidies for conventional and mature electricity technologies, pricing electricity accurately, passing a nationwide feed-in tariff, and implementing a national systems benefit fund to raise public awareness, protect lower income households, and administer demand side management programs.

To reach such a conclusion, the study drew from almost 200 interviews of energy experts along with an extensive review of the policy literature. Participants identified 27 different policy mechanisms ranging from banning new coal plants to creating an energy police to fine people that wasted energy.

The single most consistent response from participants-more than 70 percent-was to eliminate government subsidies for conventional and mature energy systems. Elimination of subsidies would improve competition in the electricity industry, eliminating the unfair advantage given to nuclear and fossil fuel technologies. The United States is the most egregious example. From the moment the federal government formally began funding energy R&D in 1882 (by supporting coal research by the U.S. Geologic Survey), it has heavily focused on promoting oil and gas development at the expense of alternative and unconventional technologies. Since then, the pattern of subsidization has favored mature, conventional energy sources by a ratio of more than eight to one. End-use energy efficiency has received only $1 worth of subsidies for every $35 spent on forms of conventional supply. Not much has changed recently, with fossil energy receiving 86 percent of government subsidies, nuclear energy 8 percent, and renewables and energy efficiency only 6 percent.

Approximately 60 percent of respondents indicated that electricity prices should be changed. Respondents indicated that policymakers could implement four changes concerning how electricity is priced by abolishing price caps, eliminating declining block rate pricing, reflecting time of use in electricity rates and bills, and internalizing the cost of externalities. Abolishing price caps would enable electricity rates to reflect current market prices and volatility. Eliminating declining block rate pricing would create an incentive for industries to promote energy efficiency and consume less electricity. Reflecting time of use through ‘‘real-time,” ‘‘interval metering,” ‘‘time-of-use,” or ‘‘seasonal” rates would show customers how electricity production and consumption varies according to the time of day, week, and month. Internalizing external costs would drastically raise electricity prices but would also ensure that electricity is accurately priced. A preponderance of evidence suggests that pricing electricity more accurately will greatly improve the efficiency of the electricity industry, provide customers with proper price signals, and reduce wasteful energy use, often above 10 percent.

About half of respondents were strong advocates of making renewable power mandatory by implementing national feed-in tariffs (FIT) and guaranteeing renewable power suppliers access to the grid. FITs force utilities to purchase renewable power by setting a fixed price above market rates (say, 20 ¢/kWh) that they have to pay all suppliers. FITs obligate electric utilities to purchase the electricity from renewable energy resources in their service area at a tariff determined by the public authorities and guaranteed for a specified period of time (usually about 15 to 20 years). Germany stands as the paradigmatic example of effective FIT regulation. The country implemented its Electricity Feed-In Law in 1991 in order to create a market for renewable electricity by offering providers a fixed but attractive price for the recovery of generation costs. Despite the extra initial cost, a national FIT policy would quickly depress electricity prices. The German Federal Ministry of Environment estimates that while their FIT cost consumers $3.2 billion in higher electricity rates in 2007, it saved them $3.5 billion in depressed fossil fuel costs.

Finally, one-quarter of participants recommended that a national systems benefit charge (SBC) should be created to distribute public information, protect poor households, and promote energy efficiency. Using SBC funds to educate the public would go a long way toward minimizing the aesthetic and environmental objections some people have toward renewable power technologies. Using SBC funds to protect poorer households would minimize environmental racism and classism. Using SBC funds to promote energy efficiency could produce billions in economic savings and displace the need to invest in expensive transmission and distribution systems.

Pursuing this collection of policy mechanisms will not work in isolation. Making renewable power mandatory through a national FIT, for example, but not removing conventional subsidies and continuing to price electricity inaccurately decreases the economic viability of renewable power projects and interferes with the ability of users to sell power back to the grid (or conserve it). Making renewable power mandatory without promoting public information and education will ensure that consumers remain uninformed about energy-efficient technologies and practices. Promoting a national FIT without funding energy efficiency and DSM would force utilities to procure significantly more electricity supply. Relying solely on changes in pricing also becomes risky when prices unexpectedly change. Pricing electricity accurately but not coupling it with information programs also does nothing to eliminate unrealistic payback rates among property owners and investors.

The lesson appears to be simple: because the barriers facing renewable energy and energy efficiency are diffuse, a multitude of policies must be comprehensively implemented to eliminate them. An effective and synergistic approach would need to treat each of these policy mechanisms as complementary, rather than as competitors that must constantly win approval from policymakers. No single policy mechanism is a panacea, and until comprehensive policy changes are implemented, it seems likely that renewable energy and energy efficiency will never realize their full potential.

Source: www.scitizen.com

“Esta nueva financiación dará un nuevo impulso a la estrategia de energía sostenible del BERD. Se trata de un catalizador que liberará el gran potencial de ahorro energético y promoción de fuentes alternativas en la región”, afirma el presidente del BERD, Thomas Mirow, en la nota.

Conseguir el ahorro energético en los Balcanes occidentales sigue siendo un desafío clave en una región en la que el consumo de energía es 2,5 veces superior a la media de los países europeos de la Organización para la Cooperación y el desarrollo Económico (OCDE), señala el BERD.

La financiación incluye también el pago de incentivos por reducción de emisiones de CO2 como resultado de proyectos financiados por ese banco.

Los créditos individuales en el marco del nuevo instrumento creado oscilan entre un mínimo de un millón y un máximo de 6 millones de euros