DOCSLIB.ORG

The Latest Edition of ECOS News We Have Recently Been

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Latest Edition of ECOS News We Have Recently Been November 2010 Welcome to the latest edition of ECOS News CONTENT We have recently been asked to elaborate on private equity or venture capital funds that like ECOS, are active in the renewable energy and/or clean technology sectors with a geographic focus on Latin America. There are some examples but for now, not many exist. There are a great number of investors making commitments in the segments and geographies previously EDITORIAL mentioned; however, the combinations are not exact. One comes across global or international clean-tech funds that also invest in Latin America; or across non sector specific Latin American funds that also invest in clean tech / renewable energies. At ECOS, we feel privileged to have co-invested with fine partners and plan LATIN AMERICA to continue doing so, nonetheless the question remains - why are there just a few sector and market specific - Macro Trends vehicles, similar to ECOS in the Latin American markets today? Market size does not seem to be the issue: Brazil or Mexico (and increasingly Chile or Colombia) have an impressive number of funds and active asset managers (not sector specific). Exit options may be a factor that SUSTAINABLE FORESTRY influences fund managers to not bet on just one sector or one market: “IPOability” is not yet a given in most - General Trends markets, so trade sale opportunities need to be screened as from the moment an investment is made. - News ECOForest Regulatory frameworks seem to be another crucial element; at the end, regulatory measures are the - Portfolio Companies backbone of the creation of many European and North American funds that opted for a sector specific investment mandate. With such support, they can satisfy their investors’ diversification expectations and bundle expertise & know-how, a very important component in technical industry segments. CLEAN TECHNOLOGY Nonetheless, the investment activity is abundant in the region, and our focus (renewable energy, clean tech - General Trends and sustainable forestry) see an ever increasing investor interest. We predict that it will only be a matter of - News ECOEnergy time before the creation of specific fund activities contribute with the booming growth of the region. - Portfolio Companies In sustainable forestry, developments have been somewhat different: most of the timberland investment management organizations (TIMO’s) who do invest in Latin America may not have a dedicated Latin American focus. We believe that biomass is one of the most promising sources for energy generation, and NEWS ECOGEO woody biomass has its share of attractiveness in that context. Most Latin American countries have degraded land suitable for forestry investments, which could supply both European and increasingly also domestic needs with one of the oldest feedstock that we have known: wood. Species improvements will do its own to EVENTS & INFO make investment considerations in this area not only attractive over time, but already at this very moment. Having an eye open on both the sustainable forestry and the renewable energy industries will shed light on how these two eventually converge. Interesting times are ahead! Enjoy the reading! Andreas Eggenberg • Private Equity Development (Growth / Expansion) Capital, occasionally Venture Capital. • Focus on boutique investments in small and medium sized companies, active in selected Sustainable Development niche segments, mainly in Latin America: o Sustainable forestry o Cleantech (Renewable energy, Environmental engineering and services) • Usually minority shareholdings as active investors, accompanying portfolio companies at Board levels (corporate expertise, “door opening” capacities for portfolio companies). • Committed to a triple-bottom-line approach and business ethics, along with the aspiration of above market performance in economic returns of the Fund and its portfolio companies. • Functional and integrative governance, rigorous investment decision making process, meticulous dealflow and network management. LATIN AMERICA TRENDS José Guardiola - CFO LATIN AMERICAN TRENDS By Jose Guardiola & Ricardo Mesa Latin American economies and their outlook for the future remain solid and economists believe the anticipated second half of the year global slowdown won’t be as bad as once feared. Economists expect GDP growth for 2010 in Latin American countries to be 5.8% compared to 3.8% for the rest of the world and 4.1% versus 3.4% for next year´s GDP growth. Central banks have stopped raising rates for the moment in fears this could affect negatively the recovery from the recent slowdown. However, inflation remains reasonably contained at 6.7%. Argentina´s economy is having a very promising 2010 so far as the The USD dollar lost value against most Latin American currencies since December annual variation for GDP growth stands at 7.8% and economists expect 2009 except against the Argentina’s Peso. The USD lost the most value against the 4.4% growth for next year. Colombian Peso (-12.1%) followed by the Mexican Peso (-5.8%), Chilean Peso (-4.2 %), Brazilian Real (-1.8%) and finally gained value against the Argentinean Peso Due to recent positive results, the international credit rating agency (4.1%). Standards & Poor´s raised its credit rating for Argentina´s sovereign debt from B- to B. Inflation expectations have remained similar throughout the year and economists forecast inflation to be at 11.2% by year end and at 11.8% for next year. In Brazil, the economy continues to run very smoothly as economists believe GDP growth for 2010 will be 7.6% and 4.6% for next year. Industrial production annual variation will most likely be 11.9% compared to -7.4% during 2009. Inflation has remained under control at 4.7% and forecast for next year are around 5.0%. The economy continues to grow supported by strong fundamentals including retail sales expanded 10.9% in July and unemployment falling to a historic low of 6.7% in August. Chile continues on a strong recovery trail as economists believe GDP growth will be 5.3% in 2010 and 6.0% for next year. The economy had benefited much from high copper prices which promise to reinforce exports going forward. Cooper prices increased in September by 9.5% to reach US 3.65 per pound which is the highest level since late 2008. Cooper accounts for more than half of the country´s total exports. In Mayor Latin American Stock Markets have increased compared to same period last addition, economists forecast inflation will close the year at 3.5% and year in a strong way with an average growth rate of 27.0%. For the same period, next year will be 3.2 Mayor Stock markets in Europe and USA had an average growth rate of 3.0%. Since Colombia´s economic performance and outlook continues to be solid as the end of March 2010, Stock Market growth rates for Latin American countries are: economists believe GDP growth will be 4.4% this year and 4.6% next Argentina 11.3%, Brazil -0.2%, Colombia 21.3%, Chile 27.6% and Mexico 1.6% year. Inflation is expected to be 3.0% this year and 3.8% next year. At (LatAm average 12.4%). USA and European countries: Swiss -8.6%, Dax 0.9%, the sector level, the acceleration was lead by the services sector due to FTSE -1.5%, Madrid -4.1% and NYSE -1.5% (group average -2.9%). an increase in commerce from 4.3% in the first quarter to 5.4% in the Compared to same time last year, this upward curve was higher a year ago than second. Colombia’s biggest concern however is the unemployment level today as yields were higher Argentina´s government bonds continue to offer the currently projected to finish the year at 11.8%. Mexico´s economy . continues to improve as economist forecast GDP growth for this year will highest yields in the region with a 10.1% yield for a 7 year bond. Meanwhile, Brazil be 4.5% and 3.4% for next year. and Mexico offer very similar yields at 5.0% and 5.1% for a 30 year bond respectively. Chile doesn´t have any long-term bonds and their 3 year bond offers a Inflation remains stable and therefore the Central Bank decided to 3.3% yield. remain on hold with their interest rate for the moment. Economists forecast inflation at 4.5% this year and 3.9% next year. Ecos will continue to search for business opportunities that make economic sense whilst minimizing the environmental and optimizing the social impacts in Latin America. We will continue to invest and solidify our reputation as a good investment partner and a co-investor in the region. More info: [email protected] SUSTAINABLE FORESTRY Claudio Cabezas – Investment Manager Benefits of Environmental Services "buyer" of a well -defined environmental service and natural forests. Such approach has been taken to a Whilst environmental services have been heard or the use of land which produces such service. level of declaring it a national forestry competitiveness of for quite some while in the context of In parallel, similar services have been gaining a argument, considerably restraining deforestation and sustainable forestry operations, only recently has lot of attention in the natural or native forests increasing forest cover at the same time. At one of Ecos’ this concept gained momentum to be taken in sector, where the main efforts have been geared portfolio companies, Ecoforest Panama, a project consideration when analyzing opportunities in towards the implementation of mechanisms of conserves and maintains 4,000 hectares of natural forests the forestry and timber sectors. Valuable deforestation avoidance by means of the sale of bordering the Panama Canal in addition to a large Teak environmental services provided by forest carbon credits (on some of the services listed plantation. Continuous commitments to train and educate ecosystems commonly include (list not above).
Load more

Recommended publications
  • Putting Clean Tech on a Path to Subsidy Independence
    APRIL 2012 BE YOND BOOM & BUST PUTTING CLEAN TECH ON A PATH TO SUBSIDY INDEPENDENCE Jesse Jenkins, Director of Energy and Climate Policy, Breakthrough Institute Mark Muro, Senior Fellow, Metropolitan Policy Program, Brookings Institution Ted Nordhaus and Michael Shellenberger, Cofounders, Breakthrough Institute Letha Tawney, Senior Associate, World Resources Institute Alex Trembath, Policy Associate, Breakthrough Institute APRIL 2012 BE YOND BOOM & BUST PUTTING CLEAN TECH ON A PATH TO SUBSIDY INDEPENDENCE Jesse Jenkins, Director of Energy and Climate Policy, Breakthrough Institute Mark Muro, Senior Fellow, Metropolitan Policy Program, Brookings Institution Ted Nordhaus and Michael Shellenberger, Cofounders, Breakthrough Institute Letha Tawney, Senior Associate, World Resources Institute Alex Trembath, Policy Associate, Breakthrough Institute INSTITUTIONAL AFFILIATIONS LISTED FOR IDENTIFICATION PURPOSES ONLY APRIL 2012 CONTENTS 3 EXECUTIVE SUMMARY g CONTENTS f 4 EXECUTIVE SUMMARY 4 Key Recommendations for a New Era of Clean Energy Policy 8g Key Recommendations for a New Era of Clean Energy Policy 8 PART 1: FROM CLEAN TECH BOOM TO FEDERAL SPENDING BUST 1g2 PART 1: FROM CLEAN TECH BOOM TO FEDERAL SPENDING BUST Methodology 1g5 12 Methodology 15 Analysis of Federal Clean Tech Spending, 2009 to 2014 1g6 Analysis of Federal Clean Tech Spending, 2009 to 2014 16 The Federal Clean Tech Funding Cliff 1g9 The Federal Clean Tech Funding Cliff 19 What’s Left After 2014? 2g2 What’s Left After 2014? 22 PART 2: CLEAN TECH MARKET IMPACTS 2g3 PART 2: Wind
    [Show full text]
  • MANUFACTURING AGENDA a National Blueprint for Clean Technology Manufacturing Leadership and Industrial Transformation CONTENTS
    MANUFACTURING AGENDA A National Blueprint for Clean Technology Manufacturing Leadership and Industrial Transformation CONTENTS Executive Summary 2 Overarching Objectives 4 MANUFACTURING AGENDA 6 PILLAR 1: Invest at Scale in a New Generation of American Manufacturing 6 PILLAR 2: Innovate to Transform Industry 11 PILLAR 3: Responsibly Mine, Reclaim, and Recycle Critical Materials 14 PILLAR 4: Use Public Investment Wisely to Build a Strong, Clean, Fair Manufacturing Economy Across America 16 PILLAR 5: Change the Rules to Build a Clean Economy that Works for All 20 Glossary of Key Concepts and Terms 23 Endnotes iii Cover photo by: Sam VarnHagen, courtesy of Ford Motor Company EXECUTIVE SUMMARY Introduction The U.S. can once again lead the world in manufacturing the technologies and products of the future. As an integral part of an aggressive strategy to address the climate emergency head on—and in line with achieving net zero emissions economy-wide by 2050—we have the opportunity to modernize and transform our industrial base to make it the cleanest and most advanced in the world, while spurring the creation of a new generation of good, safe jobs manufacturing clean technology. This industrial transformation can bring dynamic industries back to communities that have been left behind by deindustrialization and under-investment, and provide a starting point for broadly shared growth and prosperity. Last year, the BlueGreen Alliance—alongside our labor central role in the balance of U.S. imports and exports— and environmental partners—released Solidarity for and the jobs that go with them. Manufacturing also Climate Action, an ambitious, concrete platform to has the proven ability to provide pathways into the address the crises of climate change and economic and middle class for millions of workers and families, and to racial inequality simultaneously.1 support millions of high-skill, high-wage jobs.
    [Show full text]
  • Fostering Clean Technology Innovation
    The GEF UNIDO Global Cleantech Programme for SMEs Fostering Clean Technology Innovation in Emerging and Developing Countries “We are creating an innovative, global program supporting small- and medium- sized enterprises by leveraging the Cleantech Open’s global platform with UNIDO’s international network and resources.” — Dr. Naoko Ishii, CEO and Chairperson, Global Environment Facility EntrEprEnEurial innovation is thE answEr to our most prEssing EnvironmEntal problEms, and thE kEy to Economic growth • Innovators are developing ingenious solutions to major challenges in energy generation, distribution and storage, air and water pollution, waste management, new forms of transport and construction techniques. • Entrepreneurship thrives in countries where there’s minimal red tape, strong rule of law, ready access to venture capital, and a vibrant support network for entrepreneurs. • Almost all net new jobs are created by growing small businesses. storage, air and water pollution, waste management, new forms of transport and construction techniques. gEF, unido and clEantEch opEn bring PROVEn EXpEriEncE • UNIDO and the Cleantech Open, with the support of the GEF, have joined forces to launch cleantech platforms and competitions in developing and emerging countries, based on the Cleantech Open’s proven accelerator model originally created in Silicon Valley. • UNIDO has been supporting SME’s in developing countries for over 20 years. • The Cleantech Open runs the world’s largest cleantech accelerator, supporting innovators and entrepreneurs through extensive training, mentoring, showcases and access to capital: • Over 720 startups have completed this process in the United States alone • Over 40% of reporting alumni companies have now raised capital totalling over $800M, creating thousands of jobs • Participating countries will have access to the UNIDO’s in-country resources and to the Cleantech Open’s events, training, materials and an online global platform connecting entrepreneurs to a global network of mentors, investors and experts.
    [Show full text]
  • Sustainable Low-Carbon Transport Through the GEF
    Advancing Sustainable Low-Carbon Transport Through the GEF A STAP Advisory Document Scientific and Technical Advisory Panel The Scientific and Technical Advisory Panel, administered by UNEP, advises the Global Environmental Facility Advancing Sustainable Low-Carbon Transport Through the GEF A STAP Advisory Document Scientific and Technical Advisory Panel The Scientific and Technical Advisory Panel, administered by UNEP, advises the Global Environmental Facility Advancing Sustainable Low-Carbon Transport Through the GEF Prepared on behalf of the Scientific and Technical Advisory Panel (STAP) of the Global Environment Facility (GEF) by: Holger Dalkmann (Transport Research Laboratory) and Cornie Huizenga (Partnership on Sustainable, Low Carbon Transport)* Acknowledgements The authors would like to thank Lev Neretin of the Secretariat of the Scientific and Technical Advisory Panel of the GEF for the guidance provided in the drafting of the Advisory Document. The Document benefited greatly from the comments and suggestions received from the World Bank, Asian Development Bank, Inter-American Development Bank, the United Nations Development Program, the United Nations Environment Program, as well as the GEF Secretariat. A draft of the document was also circulated for comments to selected members of the Partnership for Sustainable Low Carbon Transport and comments were received from Axel Friedrich; Heather Allen (International Organization for Public transport); Andrea Lobo and Hilda Martinez (Center for Sustainable Transport Mexico); Sophie Punte (Clean Air Initiative for Asian Cities Center); Sanjivi Sundar (The Energy and Resources Center); Eric Zusman (Institute for Global Environmental Strategies). Please use the following reference for this publication: GEF-STAP (2010). Advancing Sustainable Low-Carbon Transport Through the GEF, A STAP advisory document by Holger Dalkmann and Cornie Huizenga.
    [Show full text]
  • Sustainable Energy Solutions and Clean Technologies in Eastern Europe, Caucasus and Central Asia
    Sustainable Energy Solutions and Clean Technologies in Eastern Europe, Caucasus and Central Asia INCLUSIVE AND SUSTAINABLE INDUSTRIAL DEVELOPMENT Copyright © UNIDO 2018. All rights reserved. This document has been produced without formal United Nations editing. The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization (UNIDO) concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries, or its economic system or degree of development. Designations such as “developed”, “industrialized” and “developing” are intended for statistical convenience and do not necessarily express a judgment about the state reached by a particular country or area in the development process. Mention of firm names or commercial products does not constitute an endorsement by UNIDO. The opinions, statistical data and estimates contained in signed articles are the responsibility of the author(s) and should not necessarily be considered as reflecting the views or bearing the endorsement of UNIDO. Although great care has been taken to maintain the accuracy of information herein, neither UNIDO nor its Member States assume any responsibility for consequences which may arise from the use of this material. This document may be freely quoted or reprinted but acknowledgement is requested. For reference and citation, please use: UNIDO (2018). Sustainable Energy Solutions and Clean Technologies in Eastern Europe, Caucasus and Central Asia. Fresner, J., Krenn, C., Schoening, S. A report of the United Nations Industrial Development Organization, Vienna, Austria.
    [Show full text]
  • Navigating Bioenergy Contributing to Informed Decision Making on Bioenergy Issues
    Printed in Austria V.09-87585–November 2009–1000 Navigating Bioenergy Contributing to informed decision making on bioenergy issues UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna International Centre, P.O. Box 300, 1400 Vienna, Austria Telephone: (+43-1) 26026-0, Fax: (+43-1) 26926-69 E-mail: [email protected], Internet: www.unido.org NAVIGATING BIOENERGY Contributing to informed decision making on bioenergy issues UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION Vienna, 2009 This document has been produced without formal United Nations editing. The designa- tions employed and the presentation of the material in this document do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations Industrial Development Organization (UNIDO) concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries, or its economic system or degree of development. Designations such as “developed”, “industrialized” and “developing” are intended for statistical convenience and do not necessarily express a judgment about the stage reached by a particular country or area in the development process. Mention of firm names or commercial products does not constitute an endorsement by UNIDO. FOREWORD Today’s convergence of crises—the economic slowdown and the financial squeeze, compounded by continuing volatility in food and fuel prices—is shaping the global energy agenda and heightening concerns over energy security and climate change. Energy security is vital to developed and developing countries alike. But for developing countries, access to reliable and modern energy services is indispens able to fighting poverty and achieving sustainable development.
    [Show full text]
  • Green Technologies and Sustainable Development
    International Journal of Applied Environmental Sciences ISSN 0973-6077 Volume 12, Number 5 (2017), pp. 937-951 © Research India Publications http://www.ripublication.com The Importance of Green Technologies and Energy Efficiency for Environmental Protection Mohd. Wira Mohd Shafiei and Hooman Abadi School of Housing, Building and Planning, Universiti Sains Malaysia. 11800 USM, Penang, Malaysia. Abstract It is essential that an appropriate model of green building be used by the administrators and professionals. The global problems of environmental degradation have forced the society to rethink about the way of development and evolve the concept of sustainable development. Indeed, the new environmentally friendly technologies are fundamental to attain sustainable development. Various green initiatives are being taken to maintain and improve the quality of environment that might flourish on the new resource efficient and sustainable thinking society of the future. There is hope for international action in the application of science and technology to environmental concerns a hope born of the urgency of current environmental problems, of the new-found recognition of mutual environmental interests and of the fundamental role of science and technology in general and green technologies, in particular, in assessing and responding to environmental threats. This study aims to investigate the prima facie conjecture that there are problems to an evaluation on development of green building and energy efficiency in developed country with regard to the effectiveness of green building. These problems may explain why the main players are less responsive to the implementation and practice of the green building and energy efficiency .The data were collected via a questionnaire survey and analysed with the help of SPSS.
    [Show full text]
  • Smart Sustainable Mobility. a User-Friendly Transport System Is A
    Smart sustainable mobility A user-friendly transport system is a combination of intelligence, low carbon energy, and adaptable services ISIONS •V •S S C T I H E N G I C L E H • T G 5 I E H C H H C N R O A L E O S G E Y R • VTT VISIONS 5 Smart sustainable mobility ISBN 978-951-38-8274-7 (print) ISBN 978-951-38-8275-4 (online) VTT Visions 5 ISSN-L 2242-1157 ISSN 2242-1157 (print) ISSN 2242-1165 (online) Copyright © VTT 2014 PUBLISHER VTT Technical Research Centre of Finland P.O. Box 1000 (Tekniikantie 4 A, Espoo) FI-02044 VTT, Finland Tel. +358 20 722 111, fax +358 722 7001 AUTHORS: Raine Hautala, Veikko Karvonen, Jukka Laitinen, Juhani Laurikko, Nils-Olof Nylund, Mikko Pihlatie, Karri Rantasila, Anu Tuominen EDITORS: Nils-Olof Nylund & Kaisa Belloni DRAWINGS: Jutta Suksi PHOTOS: Non-royalty free images copyright VTT Printed in Kopijyvä, Kuopio 2014 Contents MOBILITY RE-INVENTED 6 GRAND CHALLENGES AND SETTING THE STAGE 8 Key point: de-carbonizing transport 11 Transport in numbers globally 16 Special characteristics of the transport sector in Finland 19 SUSTAINABLE MOBILITY IS A MINDSET AND AN OPPORTUNITY! 22 The game is changing! 24 From motoring to mobility 26 From fossil to renewables 29 Electrifying transport 34 SMART MOBILITY INTEGRATED WITH LOW-CARBON ENERGY 38 Understanding and supporting the socio-technical transition 42 Smart mobility is connected services 48 Going for green energy 54 Cutting the energy use of vehicles in half 60 Cooperation with Helsinki Region Transport 64 Cooperation in competence building 66 VTT excels at making a change 68 SUMMARY 70 References 71 Selected further readings with a focus on smart mobility 72 Smart sustainable mobility 3 4 Smart sustainable mobility Smart sustainable mobility 5 Mobility re-invented Imagine a system based on here is that we need mobility, of people and of actual user demand goods, but we have to fulfil the mobility needs in a smarter and more sustainable way.
    [Show full text]
  • Assessing the Many Benefits of State and Local Clean Energy Initiatives
    Clean Energy and the Economy: Assessing the Many Benefits of State and Local Clean Energy Initiatives Multiple Benefits of What are the economic benefits of Clean Energy Initiatives clean energy? Reducing energy demand and increasing renewable energy generation from state and local clean energy Clean energy initiatives, including those that advance energy efficiency, initiatives—such as goals, standards, codes, funds, and renewable energy and clean distributed generation can: programs—generate many benefits including: ■ Lower energy costs. • Security, diversity, and overall reliability ■ Increase personal disposable income. improvements for the electric system. ■ Increase revenue for businesses. • Improved environmental quality, human health, and quality of life. ■ Increase income, employment, and output. • Increased economic prosperity. ■ Reduce fuel costs and new electric power plant construction costs. This brochure is part of a series and focuses on ■ Reduce health care costs as a result of better air quality and economic benefits. public health. How do clean energy initiatives benefit What’s Inside: • Why assess the economic benefits of the economy? clean energy? • How can policy makers estimate ■ Direct Economic Benefits: Companies that provide the equipment, technologies, the macroeconomic benefits of and services needed to implement an initiative benefit from increased demand, clean energy? which increases their revenue and their ability to hire more people. In the case of • A Benefits Flash with quantitative energy efficiency, consumers and companies both benefit by spending less money examples of how clean energy on electricity. initiatives result in economic, air quality, and public health benefits. ■ Indirect Economic Benefits: Suppliers to clean energy equipment and service • Where to go for more information.
    [Show full text]
  • International Association for Hydrogen Energy (IAHE) Has Four Categories of Membership
    August 2017 Volume 9 Issue 4 Electronic Newsletter The US Army’s new truck is silent— Test-bed of technology and driving it is surreal GM formally handed the Colorado ZH2 to TARDEC for a year-long evaluation beginning late last year. It may look like a concept, but its chunky looks hide a test-bed of technologies. Chief among them is the 170-horsepower electric motor that receives its juice from a hydrogen fuel cell. This test truck actually uses a Gen 0 (in GM-speak) fuel cell powertrain borrowed from GM's now- discontinued line of fuel cell Chevy Equinox crossovers. It's not the latest and greatest fuel cell setup, but it does serve as a good starting point for military testing in a va- riety of durability and feasibility situations that simulate everything from reconnaissance to combat. When you're slinking behind enemy lines, the last thing you want is to be detected. The hydrogen fuel cell also provides juice to a separate electric generator housed behind a top-hinged trunk For the U.S. Army's Tank Automotive Research, Develop- where the standard Colorado's bed would be. An electric ment and Engineering Center (TARDEC), the next step in generator could eventually replace the loud, inefficient military vehicle technology marks its location with only a diesel generators the armed forces currently lug behind hint of water dripping out of its tailpipe. their Humvees to power their communications devices. The only sound you'll hear as it approaches is the crunch Underneath, the ZH2 is basically an off-road ready Colo- of the ground beneath its big mud tires.
    [Show full text]
  • Alternative Technology Options for Road and Air Transport" Project, Ref
    EUROPEAN PARLIAMENT Scientific Technology Options Assessment S T O A Alternative Technology Options for Road and Air Transport (IP/A/STOA/SC/2005-179) Study IPOL/A/STOA/ST/2006-10 PE 383.214 This final report was commissioned under specific contract IP/A/STOA/SC/2005-179, for the "Alternative Technology Options for Road and Air Transport" project, ref. Framework Con- tract IP/A/STOA/FWC/2005-28. Only published in English. Authors: ETAG (European Technology Assessment Group): ITAS - Institute for Technology Assessment &Systems Analysis, Karlsruhe DBT - Danish Board of Technology, Copenhagen viWTA - Flemish Institute for Science & Technnology Assessment, Brussels POST - Parliamentary Office of Science & Technology, London Rathenau Institute, The Hague Jens Schippl, ITAS: [email protected] Christian Dieckhoff, ITAS: [email protected] Torsten Fleischer, ITAS: [email protected] Administrator: Jarka Chloupkova Policy Department A - Economic and Scientific Policy Internal Policies Directorate-General European Parliament Rue Wiertz 60 - ATR 00K074 B-1047 Brussels Tel: +32-2-2840606 Fax: +32-2-2849002 E-mail: [email protected] Manuscript completed in February 2007. The opinions expressed in this document do not necessarily represent the official position of the European Parliament. Reproduction and translation for non-commercial purposes are authorised provided the source is acknowledged and the publisher is given prior notice and receives a copy. Rue Wiertz – B-1047 Bruxelles - 32/2.284.43.74 Fax: 32/2.284.68.05 Palais de l‘Europe – F-67000 Strasbourg - 33/3.88.17.25.56 Fax: 33/3.88.36.92.14 E-mail: [email protected] IPOL/A/STOA/ST/2006-10 PE 383.214 Executive Summary In the transport sector, despite a number of political initiatives, the energy demands as well as greenhouse gas emissions are growing at an alarming speed.
    [Show full text]
  • Finland – 2018 Update
    Finland – 2018 update Bioenergy policies and status of implementation Country Reports IEA Bioenergy: 09 2018 This report was prepared from the 2018 OECD/IEA World Energy Balances, combined with data and information provided by the IEA Bioenergy Executive Committee and Task members. Reference is also made to Eurostat. All individual country reports were reviewed by the national delegates to the IEA Bioenergy Executive Committee, who have approved the content. General background on the approach and definitions can be found in the central introductory report1 for all country reports. Edited by: Luc Pelkmans, Technical Coordinator IEA Bioenergy Contributors: Lauri Kujanpää, Antti Arasto, VTT; Tapio Ranta, LUT NATIONAL POLICY FRAMEWORK IN FINLAND Finland has committed itself to a target of 38% share of renewable energy in gross final energy consumption in 2020, with a split in sectors as displayed in the table below. Table 1: Finland´s 2020 renewable energy targets Sector Share in gross final consumption per sector Overall target 38 % Heating and cooling 47 % Electricity 33 % Transport 20 % Source: National Renewable Energy Action Plan of Austria (2010)2 Feed-in premiums for electricity from wind, biogas and forest residues (chips or hog fuel from tops, branches, thinning wood and stumps) are an important instrument to reach the above mentioned targets. In order to avoid distortion of wood availability for industrial use, the feed-in premium is restricted to 60% if wood chips are made from larger stemwood (breast diameter > 16 cm). Investment support enhance new RES technology innovations. A special support is granted for investments with high risks and high cost (>EUR 5 million) e.g.
    [Show full text]