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energy efficiency

In the largest election in history, India has voted into office a new leader: Narendra Modi. A popular spokesperson for reform, Modi hopes to bring solar power to every home by 2019. It is a massive undertaking, but even with the fifth largest coal reserves, India suffers from severe electricity shortages. Another factor to consider, alongside rolling blackouts, is the climbing rates of pollution that poses both an environmental risk and a severe health hazard. As the fourth largest energy consumer in the world, India has much to gain in promoting energy efficiency by limiting fossil fuel consumption while going green with energy efficient alternatives.

But it is not just India that should endeavor to invest more in energy efficiency. Preserving the environment and promoting green energy alternatives can only benefit the world. Renewable energy can have a massive impact on the welfare of the world in regard to both alleviating poverty and improving health. By ensuring a healthy environment, a healthy economy can be established.

In 2012, the World Health Organization (WHO) reported that air pollution—resulting in lung disease and/or cancer—has killed approximately 7 million people globally. There are multiple instances in which fossil fuels and non-renewable energies have resulted in both environmental catastrophe and health hazards. Whether it’s the Exxon-Valdez spill, the BP oil spill or the coal chemical spill in West Virginia, the evidence has become indisputable that continued reliance on potentially lethal compounds is not a safe investment for the future. With the cost of health care continuing to rise, limiting the health hazard of fossil fuels can be greatly beneficial to the wallets of many around the world.

Economically, the world has much to gain from preserving the environment by both establishing renewable energy and promoting greater energy efficiency and conservation. One of the most alarming instances of environmental decline impacting the economy has been in worldwide fisheries. In Chile, commercial fisheries are in a state of severe decline as fisherman yields have decreased by millions of tons since the mid-90’s. In Canada, collapsing sardine fisheries have resulted in $32 million in losses. Millions of jobs around the world rely wholly on the safety and stability of the environment from which the world reaps so many rewards, and yet its continued existence hangs in the balance.

– Michael Giacoumopoulos

Sources: Canada, EIA, Pulitzer Center
Photo: Blogspot

Wasted Electricity Can Be Prevented and Redistributed
Energy efficiency is extremely important for the economy and a green future. However, that statement seems to be undervalued in the U.S. for the amount of energy efficiency estimates to around 43.8% whereas the amount of wasted electricity is estimated at 56.2%. In other words, Americans are wasting more energy than their actual usage. A fifth of the wasted energy actually comes from commercial and residential buildings.

In residential buildings, the most common type of wasting energy is people leaving their light on when they are not at home, keeping their computers running when they are not in use or simply leaving appliances plugged in. In commercial buildings, companies leave their lights on to showcase the offices and keep companies on standby.

Even in educational buildings, computers in the libraries and computers in media labs are kept on around 12 to 16 hours a day. When computers are on standby, they consume less energy, but the large amount of computers causes the huge waste in electricity.

Saving on energy is saving money. People can reduce their energy cost and spend in more useful ways. To illustrate one instance, reducing energy cost for companies can mean more profitability, higher pay for employees or passing the savings down to the consumers.

Saving energy is not difficult, and it is an effective means of saving money. By reducing electric consumption by only 1.7 TWH — or 0.002%of total residential energy consumption — people can save more than one billion dollars each year.

Around the world, more than 1.6 billion people are living without electricity.  Saving energy might be an interesting solution that contributes beneficially to such urgencies.

Consider how the saved income from prevented energy waste can be distributed to aid a cause ending global poverty: Lets say one billion dollars saved from saving energy, 17,000 farmers can be trained, 10,000 hectares of land can be under protection and almost 600 kilometers of road can be built to offer better transportation and facilitate the world economy. One billion dollars is also equal to one-fifth of the United Nations Development Program’s budget and one-fourth of the World Food Program’s annual budget.

Phong Pham

Sources: Oil Price, MN Energy Challenge, Tree Hugger
Photo: Giphy.com

world_bank_energy
20% of the world’s population lives without access to electricity and nearly 40% depend on wood and other biomass for household fuel. Energy is essential for growing an economy and reducing poverty. The recent global initiative, Sustainable Energy for All, recognizes the importance of providing energy in developing countries. Energy is needed for business development, job creation, and income generation.

Over the last decade, the World Bank has committed more than $3 billion to Europe and Central Asia (ECA) to countries who face a potential energy crisis. This region is one of the most energy intensive regions in the world. Poorly constructed buildings throughout that provide low heating which increases energy consumption. The region accounts for 12% of global greenhouse gas (GHG) emissions, which is twice the amount is should contribute given its output.

The World Bank has already helped countries such as Belarus reduce its energy intensity by 60% and has saved Uzbekistan 50,000 MWhs of energy that would have otherwise been lost to inefficiency. The energy efficiency projects in the region over the past ten years have already saved an amount equal to the power generated in New Zealand in 2010.

Going forward countries will need to invest about $3.3 trillion over the next 20 years. While it may seem like a large amount, these energy efficiency projects pay off in the end. Cutting energy subsidies, protecting the poor and investing in energy efficiency could mean that nearly half the countries in ECA would gain more than 1 percent of its GDP back.

Over the next 20 years the World Bank along with ECA will focus on adopting more efficient technologies, increasing the energy efficiency of existing infrastructure, moderating demand for energy, and making cities more energy efficient. These initiatives will help the region by increasing their energy security, enhancing economic growth, and reducing the environmental and social impacts of the energy sector.

– Catherine Ulrich

Sources: World Bank, European Commission

Renewable_energy_developing_countries

A new report by the World Bank, Sustainably Energy for All Global Tracking Framework, is advising middle to high-income countries to invest more in renewable energy as part of the effort to end world poverty. The report suggests wealthy countries to invest an additional $600 billion a year in energy efficiency until the year 2030. This number is $200 billion more than the current estimate.

The World Bank is calling on the top 20 “high-impact” countries that use about 60% of the world’s energy consumption to double the amount of renewable energy they use as well as energy efficiency. When this happens, these countries will increase their renewable energy consumption to 36%.

This report also discloses that wealthy countries have made “only ‘modest’ progress” in terms of increasing renewable energy usage since 1990. In fact, there has been a negative 1.3% energy improvement rate between 1990 and 2010. If the world’s wealthiest countries are to reach the doubling energy efficiency by 2030, efforts must dramatically improve.

In addition to the World Bank suggesting a $600 billion renewable energy investment, the organization also recommends utilizing $45 billion of this money in expanding electricity and $4.4 billion towards improving cooking standards. Of the remaining funds, $395 billion should be invested in energy efficiency and $174 billion in renewable energy.

As demand of electricity continues to increase, it is prevalent that energy costs decrease and countries find a way to use more sustainable energy. One in five people, about 1.5 billion people, currently do not have access to electricity. Once the world’s wealthy countries embrace renewable, efficient energy, poor countries have a better chance of growing economically and developing.

– Mary Penn

Source: Greenwise Business
Photo: WMO