IEA: Global CO2 emissions rise to all-time high
BERKELEY, California, 11 March 2022: As You Sow, an advocacy non-profit that promotes environmental and social corporate responsibility, quoted the International Energy Agency (IEA) as saying that global carbon dioxide emissions (CO2) from energy combustion and industrial processes rose to their highest ever level in 2021. Making the announcement through a Press release, As You Sow added that a six per cent increase in 2021 pushed emissions to 36.3 gigatonnes, erasing the five per cent reduction in 2020, owing to the COVID-19 pandemic.
As greenhouse gas emissions continue to climb higher when the effects of climate change are increasingly being felt it highlights the need to go beyond targets and implement immediate tangible emissions reductions, As You Sow said.
More than 70 countries, accounting for more than 80% of global CO2 emissions and 90% of global GDP, have committed to net-zero, as have more than 5,000 companies, As You Sow said. In order to see progress critical for keeping global temperatures from rising beyond 1.5 degrees C, there is a need for companies to pursue ambitious near-term targets, robust transition plans detailing steps to achieve targets and leadership in advocating for sweeping climate policy, As You Sow added.
As You Sow’s recent report, Road to Zero Emissions scores companies on net-zero progress and is in step with the Intergovernmental Panel on Climate Change’s findings that near-term action is needed by prioritizing year-over-year emissions reductions aligned with 1.5 degrees C.
Danielle Fugere, President, As You Sow, said: “Investor value is being put at greater risk as emissions continue to rise. It is imperative for the safety of human society and the global economy that emissions are reduced immediately in line with the Paris Agreement. When it comes to climate change, we will not be given second chances, so the private sector must create climate transition plans that prioritize accountability and transparency.”
French transport refrigeration rental company aims for UAE market-share
DUBAI, UAE, 7 March 2022: French transport refrigeration rental company, Petit Forestier, announced its intention of garnering market share in the UAE’s food cold chain sector.
Speaking to Climate Control Middle East, Petit Forestier, which also manufactures its refrigerated boxes, pointed out that its entire fleet of vehicles is ATP-certified, which enhances food safety, and ensures a low carbon footprint and cost-savings for the customer. ATP stands for “Accord Transport Perissable” (Agreement on the International Carriage of Perishable Foodstuffs and on the Special Equipment to be Used for such Carriage). It comes under the purview of the Transport Division of the United Nations Economic Commission for Europe (UNECE).
Stanislas Przyklang du Chassin, its Managing Director for UAE operations, highlighted that the company is the first to supply ATP-certified boxes in the UAE. “We are trying to push everybody and explain to everybody that it is really important for food safety that we install these here,” he said. “These boxes are between 900 kilograms and one ton lighter than locally available boxes.
Imagine how green they are. Lighter means they consume less petrol – the fuel consumption is 20-30% less than locally available boxes – which means lower CO2 emissions. So, we are working on the cold safety and the green side of the vehicle.”
Przyklang du Chassin admitted that ATP-certified boxes are 25-30% more expensive that locally available boxes. However, when all aspects are considered, they would guarantee greater cost savings for clients. “Yes, the cost of purchasing is higher, but at the end, the vehicle is one ton lighter, which means we can save 20-30% on fuel costs,” he said. “We have customers who are doing one petrol tank per day, which means they get their money back in one year. Also, a lighter vehicle means you don’t have to replace your brakes that often, which will mean a reduced cost of maintenance.”
Petit Forestier, which has factories in France and Poland, manufactures 7,000 insulated boxes a year. It said it is the only rental company that has an innovation department, working every day to find solutions related to green transportation and food safety. Dimitri Doinet, its Sales Director, said innovation is a key strength of the company.
Pointing to the vehicles, he highlighted the use of fewer metallic parts in the chassis, which make them lighter and, hence, more fuel efficient. He also highlighted that the insulation of the boxes is six centimetres in thickness, as compared to 10 centimetres in boxes available in the country. This, he said, allows for carrying more foodstuffs per load. He further highlighted the use of door sensors, which cut off the cold units on opening the doors of the truck, thus preventing exposure to hot ambient conditions.
From a food safety perspective, Doinet pointed to the use of unique antimicrobial air strips for preventing the ingress of hot ambient air to the vehicle. This, he said, was only the beginning, though. Adding to this, Przyklang du Chassin said the company offers vehicles fitted with mechanical air curtains, They are currently available only in Europe, though. He said customers are happy with the innovation, for they do not have an obstruction while entering the vehicle.
Przyklang du Chassin said the company would eventually offer air curtains in vehicles in the UAE. “This is something we have to test,” he said. “We have plans of bringing them here in the next five years.”
Speaking on the rental model of the business, Przyklang du Chassin said the company was proposing renting its vehicles for 5-6 years, during which it would offer commitment to the customer to manage every aspect of the assets. That way, he said, the customer would know that cold safety is respected. Petit Forestier, he said, offers a full complement of aftermarket services, including maintenance, repair and replacement.
Speaking on the speed of service and reaction time, Przyklang du Chassin said the company has the ability to give a replacement vehicle within a short duration. “If the client has any issue on the road, we can give a replacement vehicle in 20-30 minutes, so as to be able to continue delivering perishable foodstuffs,” he said. “With refrigerated vehicles, if you have a breakdown, you can lose everything, especially here. So, we have developed a full service to replace vehicles very quickly.”
European Investment Bank, Solas in energy efficiency initiative
LUXEMBOURG, 22 February 2022: The Solas Sustainable Energy Fund ICAV, a new EU-focused fund targeting energy efficiency investments, has reached its first close with €140 million. Making the announcement through a Press release, the European Investment Bank (EIB) said it has committed a €30 million cornerstone investment to SSEF, backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. EIB said that as one of the largest providers of climate finance, it supports projects that promote the priorities and objectives of the European Union.
According to EIB, the SSEF also signed an agreement with the Private Finance for Energy Efficiency (PF4EE) support scheme, a joint initiative launched by the European Commission via the LIFE programme and the EIB.
One of the goals of PF4EE is to encourage private institutional investors, such as insurers and pension funds, to invest in European energy efficiency infrastructure, particularly in the small- and medium-sized (SME) sector. Further cornerstone investors of SSEF are the Ireland Strategic Investment Fund (ISIF), IDEAL insurance as well as MEAG, the asset manager of the Munich Re group.
EIB said that by virtue of being a specialist investment advisor in the energy efficiency sector, Solas Capital will advise the fund. EIB said Solas Capital partners with a wide variety of leading energy service companies, project developers, equipment manufacturers, and public-sector bodies across the European Union to help facilitate their access to tailor-made financing and enable new investment in energy efficiency.
According to EIB, SSEF will offer funding for energy-saving business models focusing on the renovation of existing infrastructure, particularly buildings, using established and reliable energy-efficient technologies, such as modern heating and cooling systems, combined heat and power units, solar rooftops, building fabric, LED lighting, etc. Projects in both the public and private sectors will be supported, including the SME sector, which faces more challenges in securing finance, EIB said.
According to EIB, the project would entail an initial investment into a project portfolio of energy efficiency measures in buildings. It added that buildings are responsible for 40% of the European Union’s energy consumption, and 36% of its CO2 emissions.
To achieve near zero emissions in buildings, crowding-in private institutional capital will be essential, as public funding is not sufficient. SSEF, EIB said, is offering the market a unique financing solution and is closing the gap between energy efficiency funding needs and institutional investor requirements.
Kadri Simson, The Commissioner for Energy, said: “Investing into energy efficiency, renewable energy generation and building renovation is at the core of the European Green Deal and key to bringing down energy bills. The Solas Sustainable Energy Fund will combine the financial support from EFSI and PF4EE to mobilise affordable private financing for investments in the energy performance of buildings, including onsite renewable energy production.
The PF4EE guarantee will set the gold standard for equity investment fund initiatives and engage institutional investors in green assets. This will bring us one step closer to achieving the EU’s Green Deal ambition of becoming climate neutral by 2050.”
Thomas Östros, Vice-President, European Investment Bank, who is responsible for energy financing, said: “As Europe’s climate bank, the EIB is proud to be a cornerstone investor in the Solas Sustainable Energy Fund, which will help bridge the major financing gap for energy efficiency projects. Reducing the energy use in buildings is crucial to achieving a carbon-neutral economy in Europe by 2050. We believe that our commitment in this fund will catalyse further investments to meet the immense building renovation challenge.”
IRENA report charts pathways to further accelerate energy transformation
Berlin, Germany, 14 April 2019 – As the urgency to take bold climate action grows, new analysis by the International Renewable Energy Agency (IRENA) finds that scaling up renewable energy, combined with electrification, could deliver more than three quarters of the energy-related emission reductions needed to meet global climate goals. According to the latest edition of IRENA’s Global Energy Transformation: A Roadmap to 2050, launched earlier in the month at the Berlin Energy Transition Dialogue, pathways to meet 86% of global power demand with renewable energy exist. Electricity would cover half of the global final energy mix. Global power supply would more than double over this period, with the bulk of it generated from renewable energy, mostly solar PV and wind.
“The race to secure a climate safe future has entered a decisive phase,” said IRENA Director-General Francesco La Camera. “Renewable energy is the most effective and readily available solution for reversing the trend of rising CO2 emissions. A combination of renewable energy with a deeper electrification can achieve 75% of the energy-related emission reduction needed.”
According to the report, an accelerated energy transition in line with the Roadmap 2050 would also save the global economy up to USD 160 trillion, cumulatively over the next 30 years in avoided health costs, energy subsidies and climate damages. Every dollar spent on energy transition would pay off up to seven times, the report said. The global economy would grow by 2.5 per cent in 2050. However, climate damages can lead to significant socioeconomic losses, the report added.
“The shift towards renewables makes economic sense,” La Camera said. “By mid-century, the global economy would be larger, and jobs created in the energy sector would boost global employment by 0.2 per cent. Policies to promote a just, fair and inclusive transition could maximise the benefits for different countries, regions and communities. This would also accelerate the achievement of affordable and universal energy access. The global energy transformation goes beyond a transformation of the energy sector. It is a transformation of our economies and societies.”
But action is lagging, the report said. While energy-related CO2 emissions continued to grow by over one per cent annually on average in the last five years, emissions would need to decline by 70% below their current level by 2050 to meet global climate goals. This calls for a significant increase in national ambition and more aggressive renewable energy and climate targets.
IRENA’s roadmap recommends that national policy should focus on zero-carbon, long-term strategies. It also highlights the need to boost and harness systemic innovation. This includes fostering smarter energy systems through digitalisation as well as the coupling of end-use sectors, particularly heating and cooling and transport, via greater electrification, promoting decentralisation and designing flexible power grids.
“The energy transformation is gaining momentum, but it must accelerate even faster,” La Camera said. “The UN’s 2030 Sustainable Development Agenda and the review of national climate pledges under the Paris Agreement are milestones for raising the level of ambition. Urgent action on the ground at all levels is vital, in particular unlocking the investments needed to further strengthen the momentum of this energy transformation. Speed and forward-looking leadership will be critical – the world in 2050 depends on the energy decisions we take today.”
Sustainable cooling vital for smart cities, says MIT professor
Dubai, UAE, 24 March 2019: Although cities occupy only two per cent of the world’s surface, they host up to 50% of the world’s population and are responsible for 75% of global energy consumption and 80% of CO2 emissions, said Carlo Ratti, Professor, Massachusetts Institute of Technology (MIT), and Founding Partner, Carlo Ratti Associati, during his keynote address for the ‘Design and the City of the Future’ event on March 19, at the American University in Dubai (AUD). During a comprehensive discussion on how IoT is shaping the built-environment, Ratti underscored the important role that sustainable cooling must play in cities of the future. “Fixing energy usage and occupancy is vital,” he said, “when you think about how much energy you spend cooling your homes.”
Ratti said trends in modern architecture are steadily placing greater emphasis on the importance of designing better ways to control temperature with minimum use of energy. This, he said, is especially the case in office spaces, which continue to evolve based on digital connectivity and individual requirements. Providing an example, Ratti pointed to the redesign of the Agnelli Foundation headquarters, in Turin, Italy, where Carlo Ratti Associati developed a customised environmental bubble that provides personalised heating, cooling and lighting systems to occupants throughout the building. By leveraging IoT technologies, Ratti said the building was able to optimise space and energy usage. While the company was deeply involved in the overall architecture of the historic structure, Ratti said the implementation of key technologies related to heating and cooling was done by Siemens Italy, which equipped the building with sensors for different data sets, including the location of the building’s occupants, temperature, CO2 concentration and the availability of meeting rooms.
Ratti said that he believes such an approach is scalable for other projects. “I really see it happening in high-end buildings,” he said. “Monitoring occupancy in a very fine way to create a climate around ourselves.” This, he said, is a best way to harness energy otherwise wasted from cooling in an inefficient manner.