Managing Conflicts with Local Communities Over The
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How Is 100% Renewable Energy in Japan Possible by 2020?
How is 100% renewable energy in Japan possible by 2020? August 2012 Takatoshi Kojima Research Associate, Global Energy Network Institute (GENI) [email protected] Under the supervision of and editing by Peter Meisen President, Global Energy Network Institute (GENI) www.geni.org [email protected] (619) 595-0139 Table of Contents Table of Figures .............................................................................................................................. 4 Abstract ........................................................................................................................................... 6 1 Current situation related to renewable energy ........................................................................ 7 1.1 Analysis of Energy source................................................................................................ 7 1.2 Analysis of current Emissions ........................................................................................ 11 1.3 Relevance between energy source and demand ............................................................. 13 2 Current Energy policy, law, and strategy .............................................................................. 14 2.1.1 Basic Energy Plan ................................................................................................... 14 2.1.2 New Growth Strategy ............................................................................................. 14 2.1.3 21 National Strategic Projects for Revival of Japan for the 21st -
Sustainable Communities and Wind Energy Project Acceptance in Massachusetts
Sustainable Communities and Wind Energy Project Acceptance in Massachusetts Maria A. Petrova, PhD* I. Background ..................................................................... 530 II. Study Context ................................................................. 534 III. Literature Review and Research Questions .................. 539 IV. Methods ........................................................................... 543 V. Results............................................................................. 544 VI. Discussion and Conclusion ............................................. 551 The State of Massachusetts is one of the most progressive U.S. states in advancing sustainability through energy conservation and renewable energy. The Green Communities Act,1 signed into law by Governor Deval Patrick in 2008, has awarded 110 communities with the title “Green Communities” in the last five years.2 The title is earned after communities achieve “five clean energy benchmarks,”3 two of which are the provision of “as-of-right” siting for renewable/alternative energy generation and the adoption of an expedited application © 2014 Maria A. Petrova, PhD * Center for International Environment and Resource Policy, The Fletcher School of Law and Diplomacy, Tufts University, 160 Packard Ave, Medford, MA 02155, [email protected]. This work was done as a Postdoctoral Scholar at the Energy, Climate, and Innovation (ECI) Program in the Center for International Environment and Resource Policy (CIERP) at the Fletcher School of Law and Diplomacy, Tufts University. Financial support was provided through a grant to ECI from BP Group and Barbara Kates- Garnick. I am grateful for the review assistance of Professor Kelly Sims Gallagher and the research help of students Allison Thompson, Elena Nikolova, and Chantal Davis. 1. An Act Relative to Green Communities, 2008 Mass. Acts 308–80. 2. Press Release, Mass. Exec. Office of Energy & Envtl. Affairs, Patrick- Murray Administration Energy Officials Present Green Communities Award (Apr. -
PRESS RELEASE Etrion Releases First Quarter 2018 Results
PRESS RELEASE Etrion Releases First Quarter 2018 Results May 7, 2018, Geneva, Switzerland – Etrion Corporation (“Etrion” or the “Company”) (TSX: ETX) (OMX: ETX), a solar independent power producer, today released its condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for the three months ended March 31, 2018. Etrion Corporation delivered strong project-level results in the first quarter of 2018 from its Japanese assets. Higher installed capacity and electricity production, combined with significant reduction in corporate overhead resulted in a significant increase in revenue and consolidated EBITDA compared to the same period in 2017. Q1-18 HIGHLIGHTS ▪ Strong performance in Japan with production and revenues up by 9% and 12%, respectively, compared to Q1-17. ▪ Consolidated EBITDA increased significantly in comparison with Q1-17 driven by performance in Japan and corporate overhead reduction. ▪ Construction of the 13.2 megawatt (“MW”) Komatsu solar project in western Japan is 96% complete, on budget, on schedule and expected to be fully operational by the end of the second quarter of 2018. ▪ Acquisition of the Greenfield Tk-2 (Niigata) project lands. ▪ Growth opportunities in Japan remain positive with nearly 400 MW of projects in different stages of development, including a backlog of 190 MW and nearly 200 MW of early stage pipeline. ▪ Sound unrestricted cash position to support the growth of the business. Management Comments Marco A. Northland, the Company’s Chief Executive Officer, commented, “Japan continues to deliver very positive results. Cost cutting measures taken in Q4-17 have delivered significant savings in Q1-18 which, combined with a higher installed capacity compared to the same period last year, resulted in consolidated EBITDA improvements. -
Overcoming the Challenges of Energy Scarcity in Japan
Lund University Supervisor: Martin Andersson Department of Economic History August 2017 Overcoming the Challenges of Energy Scarcity in Japan The creation of fossil fuel import dependence Natassjha Antunes Venhammar EKHK18 Dependence on imported fossil fuels is a major issue in contemporary Japan, as this creates economic vulnerabilities and contributes to climate change. The reliance on imports has been increasing, despite efforts to diversify and conserve energy, and today imports supply over 90 percent of energy consumed in Japan. The aim of this study is to understand the context that contributed to the creation of this fossil fuel import dependence, and to examine how economic incentives and policy tools have been employed to mitigate the issue. This is done through a case study, using analytical tools such as thematic analysis and framing. It is argued that continued reliance on fossil fuel imports is due to a combination of; increasing consumption, absence of natural resource endowments, institutional structures, and alternative sources being considered unreliable or expensive. Table of Contents 1. Introduction ............................................................................................................................ 4 1.1 Research Question and Aim ............................................................................................. 5 1.2 Relevance ......................................................................................................................... 6 1.2.1 Economics of Global Warming -
Using REIT Data to Assess the Economic Worth of Mega-Events: the Case of the 2020 Tokyo Olympics
Munich Personal RePEc Archive Using REIT Data to Assess the Economic Worth of Mega-Events: The Case of the 2020 Tokyo Olympics Ogawa, Ryoh Osaka City University 1 May 2017 Online at https://mpra.ub.uni-muenchen.de/78829/ MPRA Paper No. 78829, posted 01 May 2017 01:41 UTC Using REIT Data to Assess the Economic Worth of Mega-Events: The Case of the 2020 Tokyo Olympics Ryoh Ogawa∗ Osaka City University Abstract This paper proposes an alternative approach to evaluate the effects of hosting mega-events, such as the Olympics, Football World Cup, and World Expo. Based on capitalization hypothesis, previous literature studies examined whether the announcement of mega-events affects prices of firms’ stock or real estate property. In contrast, I utilize data on Real Estate Investment Trust (REIT), whose price has two features of stock and property price. The standard event study methodology with high-frequent data allows the estimation of abnormal returns due to the mega-event of interest, and clarifies the relationship between level of returns and characteristics of REIT’s property. I present an empirical example—the 2020 Tokyo Olympics—and the results are as follows: 1) investors judged that the comprehensive effects would be positive; 2) the effect becomes smaller as the distance from Host City (Tokyo-to) increases; 3) even in areas far from Tokyo-to, real estate used for hotels and commercial facilities are relatively susceptible to the Olympics. Keywords: mega-events; Olympic Games; Real Estate Investment Trust; event study ∗ Graduate School of Economics, Osaka City University; [email protected]; 3-3-138 Sugimoto Sumiyoshi- ku, Osaka-shi, 558-8585 JAPAN 1 1. -
Sustainable Development and Business Chapter 7. How Do Low
Sustainable development and business Sustainable development and business inlaga.indb 1 2017-01-16 11:17 Sustainable development and business inlaga.indb 2 2017-01-16 11:17 Sustainable development and business MARKUS KALLIFATIDES AND LIN LERPOLD (EDS.) Sustainable development and business inlaga.indb 3 2017-01-16 11:17 Stockholm School of Economics Institute for Research (SIR) is an independent research foundation established in 2010. The Institute’s purpose is to conduct high quality academic research in the economic sciences with an ambition to combine scientific rigor with empirical relevance. Its board includes professors and other represen- tatives of the faculty at the Stockholm School of Economics. The Institute encourages and assists its researchers to communicate their research findings to both the scientific community and society at large. Chair: Professor Richard Wahlund Director: Johan Söderholm Address: Stockholm School of Economics Institute for Research (SIR) Box 6501, SE-113 83 Stockholm, Sweden Visiting address: Sveavägen 65, Stockholm City Phone: +46(0)8-736 90 00 www.hhs.se/en/Research/Institutes/institute-for-research/ [email protected] Sustainable development and business inlaga.indb 4 2017-01-16 11:17 Sustainable development and business inlaga.indb 5 2017-01-16 11:17 Keywords: Sustainable Development, Sustainability, CSR, Social Innovation Sustainable development and business ISBN: 978-91-86797-27-0 First edition © SIR and the authors, 2017 Art direction and design: Petra Lundin, Manifesto Production: Manifesto, www.manifesto.se Distributed by: Stockholm School of Economics Institute for Research (SIR) Printed by: Ineko, Stockholm, 2017 PROJECT SPONSOR The mission of the Mistra Center for Sustainable Markets (Misum) is to strengthen Sweden’s competiveness in sustainable markets, in part by supporting Swedish actors in these markets with both research findings and directly applicable solutions. -
JGC Report 2018
JGC Report 2018 JGC Report 2018 April 1, 2017 - March 31, 2018 2-3-1, Minato Mirai, Nishi-ku, Yokohama 220-6001, Japan Tel: 81-45-682-1111 Fax: 81-45-682-1112 www.jgc.com Engineering the Future Considerations made for paper use Use of FSC certied paper® We used paper made of timber from adequately managed forests. Printed in Japan Since its founding in 1928, JGC has built plants and facilities worldwide serving a wide range of purposes, mainly in the oil and gas industries, such as oil, natural gas and petrochemical plants, but also power plants, non-ferrous metal plants, and other energy and industrial infrastructure Corporate Philosophy as well as pharmaceutical plants, hospitals, environmental facilities, and other social infrastructure. JGC’s proven capabilities in all these areas have established its reputation as a leading engineering JGC Way contractor worldwide. JGC views its corporate group mission as one which is committed to creating a The corporate philosophy of the JGC Group, “The JGC Way”, is the fundamental platform pursuant to which the business activ- more prosperous future for its clients, for people and for society through integrating its ities of the group are promoted and furthermore is followed by core capabilities and technical expertise to generate innovative solutions. each and every JGC Group employee and executive in their activities. We intend to further promote the expansion of our business areas and contribute to industrial advancement, economic progress, and sustainable growth, Mission not only in Japan but throughout the world. We are committed to creating a more prosperous future for our clients, for people and for society through inte- grating our core capabilities and technical expertise to generate innovative solutions. -
The Development and Improvement of Instructions
COMMUNITY BENEFIT FUNDS AND WIND POWER: A SCOTTISH CASE STUDY Dissertation in partial fulfillment of the requirements for the degree of MASTER OF SCIENCE WITH A MAJOR IN WIND POWER PROJECT MANAGEMENT Uppsala University Department of Earth Sciences, Campus Gotland Adam Christopher Mathers COMMUNITY BENEFIT FUNDS AND WIND POWER: A SCOTTISH CASE STUDY Dissertation in partial fulfillment of the requirements for the degree of MASTER OF SCIENCE WITH A MAJOR IN WIND POWER PROJECT MANAGEMENT Uppsala University Department of Earth Sciences, Campus Gotland Approved by: Supervisor, Dr Sanna Mels Examiner, Dr Heracles Polatidis Oct 2018 iii ABSTRACT The Scottish government’s aim of deriving 100 per cent of the nation’s electricity from renewable sources is dependent on the utilisation of wind energy. Social barriers, however, have continued to threaten these targets. Community benefit funds have often been paraded as the most common way of improving public attitudes towards wind farms in the United Kingdom, although little empirical evidence exists to support this notion. Using the proposed Ourack wind farm, approximately three and a half miles north of Grantown-on-Spey in the Scottish Highlands, this case study, consisting of a sequential explanatory research design comprised of an initial close-ended survey followed by in-depth semi-structured interviews, sought to explore the community’s perceptions of community benefits, identify the type of fund that the community wanted, and investigate the role of such benefit provisions in altering perceptions of wind farms. The key findings indicated that the majority of participants were in favour of benefits being provided, they preferred funding to be directed towards community organisations, and approximately one third of research participants (31.6 per cent) perceived the proposed wind farm in a more positive light after considering the possible benefits the region would accrue. -
Recommendation: for Expansion of Sustainable Solar Power
Renewable Energy Institute 8F DLX Building, 1-13-1 Nishi-Shimbashi, Minato-ku, Tokyo 105-0003 TEL:03-6866-1020 FAX:03-6866-1021 www.renewable-ei.org January 30, 2019 (original Japanese version published on 7 January 2019) Recommendation For Expansion of Sustainable Solar Power Solar power in Japan has been steadily expanding since the Feed-in Tariff (FiT) scheme was instituted in 2012, playing a major role in reducing greenhouse gases and ensuring stable power supplies. It has also greatly contributed to increasing employment and revitalizing regional economies. There have been these positive achievements, but in recent years cases have also been reported of large-scale solar power projects having a negative impact on the natural environment. Development projects that lead to landslides or ecological destruction must not be tolerated even in the name of renewable energy development. Solar power is a decentralized renewable energy that can be introduced in a variety of formats. There are many cases of even large-scale power facilities being built and operated while limiting the impact on the natural environment, through use of idle land, etc. The following will provide an overview of solar power expansion in Japan and then present issues that need to be addressed in order to further expand sustainable solar power going forward. 1. Overview of Installed Solar Power Capacity in Japan According to documents from the Agency for Natural Resources and Energy, cumulative installed solar power capacity stands at 45.97 GW (AC) as of June 2018. Of this total, the capacity of facilities (new and transitional) subject to the FiT scheme, which can be determined from the breakdown by project scale, is 45.35 GW. -
Spatial Distribution of Economic Activities in Japan and China Masahisa Fujita, J
Spatial Distribution of Economic Activities in Japan and China Masahisa Fujita, J. Vernon Henderson, Yoshitsugu Kanemoto, Tomoya Mori July 9, 2003 1. Introduction (to be completed) 2. Distribution of Economic Activities in Japan The purpose of this section is to examine the distribution of economic activities in Japan. Rapid economic growth in the 20th century was accompanied by tremendous changes in spatial structure of activities. In Section 2.1, we examine the regional transformations that arose in postwar Japan. Roughly speaking, after WWⅡ the Japanese economy has experienced two phases of major structural changes. For our purpose, the interesting aspect is that each phase of industrial shift has been accompanied with a major transformation in the nationwide regional structure. The Japanese economy now seems to be in the midst of a third one and we offer some conjectures about its possible evolution. Perhaps the most important public policy issues concerning urban agglomeration in Japan is the Tokyo problem. Indeed, Tokyo is probably the largest metropolitan area in the world with a population exceeding 30 million. The dominance of Tokyo has increased steadily over the 20th century, ultimately absorbing a quarter of the Japanese population in 2000. In Section 2.2, we discuss attempts made to test empirically the hypothesis that Tokyo is too big. A test of this kind involves the estimation of urban agglomeration economies and we also review the empirical literature in this area. In Section 2.3, we move to the spatial distribution of industries among cities. Some metro areas have attracted a disproportionately large number of industries, leading to great variations in industrial diversity among metro areas. -
ETRION CORPORATION Annual Report 2020 Etrion Corporation // Annual Report 2020
ETRION CORPORATION Annual Report 2020 Etrion Corporation // Annual Report 2020 Contents At a Glance OVERVIEW Etrion Corporation is a renewable energy development At a Glance 9 company. We are committed to contributing to the Operational and Financial Highlights 01 Chief Executive Officer’s Letter 02 diversification of the energy mix by leveraging the abundance of renewable resources to generate MANAGEMENT’S DISCUSSION AND ANALYSIS clean, reliable and cost-effective solar energy. Introduction 04 Management’s Discussion and Analysis 04 Non-IFRS Financial Measures and Forward-Looking Statements 04 million Operational Highlights 05 11 61 Financial Highlights 05 Solar plants Kilowatts-hours Business Review 07 produced for Business Overview 07 Japan in 2020 Operations Review 08 Development Activities 12 Active in Japan since 2012, we have built a best Financial Review 15 in class family of solar assets together with a Financial Results 15 strong local team and have secured invaluable Financial Position 21 partnerships with developers, general Capital Investments 23 contractors and local lenders. Critical Accounting Policies The revenue streams from our operating and Estimates 24 solar assets in Japan are secured by long-term Related Parties 24 fixed price Power Purchase Agreements with Financial Risk Management 25 Japanese power utilities. Derivative Financial Instruments 25 Etrion has engaged Mitsubishi UFJ Morgan Risks and Uncertainties 26 Stanley Securities Co., Ltd as financial advisor to assist with the potential sale of Financial Risks -
Scottish Government Good Practice Principles for Community Benefits from Onshore Renewable Energy Developments Cares Supports Local Renewable Energy Generation
ScottIsh Government Good practIce prIncIples for CommunIty benefIts from Onshore renewable Energy developments CarEs supports Local renewable energy generatIon Contents 1 Foreword ................................................................ 3 2 Introduction and overview ....................................... 4 3 Basic principles of community benefits ...................... 6 4 Community investment ............................................ 8 5 Other forms of community benefit ........................... 10 6 Identification of the community ............................... 12 7 Public consultation on community benefit schemes ... 16 8 Supporting effective fund spend .............................. 20 9 Fund administration and governance....................... 24 10 Ongoing role of developer .................................... 26 11 ANNEXES ............................................................ 28 This document is available alongside the shared ownership annex at: www.localenergyscotland.org/goodpractice Revised September 2015 for accuracy. 2 1 foreword winter 2013/14 and we are grateful for the work Renewable energy in Scotland presents an uprecedented opportunity for communities of the informal stakeholder group, as listed in to share in the benefits of their local energy Annex 11.5, convened under our Community and resources. Renewable Energy Scheme (CARES). We think this has produced a very helpful national reference to The Scottish Government has no powers to guide what is a voluntary local process, and we oblige developers