Posts tagged “India”
Energy issues ranked among the top international headlines in 2012 – As we look ahead, what are the major energy trends that are likely to take shape and play out in international headlines in 2013?
A report issued by the International Energy Agency (IEA) suggests that coal will surpass oil as the world’s most popular fuel source within 10 years, threatening to inject more greenhouse gases into the air than ever before if policy changes don’t follow the warning.
The boost in coal use is due to extreme growth in emerging markets like China and India, countries that require cheap fuel sources for electricity production in order to support their quickly growing infrastructures and populations. At current rates of growth, the IEA says that it expects that coal consumption will rise to 4.32 billion tonnes of oil equivalent versus 4.4 billions tonnes of oil per year worldwide within only four years; with that trend continuing, coal would quickly overtake oil as the world’s fuel source of choice. (Read More: Global Carbon Dioxide Emissions — Facts and Figures)
The IEA is the energy advisory arm of the Organization for Economic Cooperation and Development (OECD), a group that oversees the economic activities of 34 industrialized nations, including Canada and the United States.
This post continues a theme I covered in my book Power Plays. Part 1 covered the impact on oil price and supply in Petroleum Demand in Developing Countries. Here I discuss some of the climate change implications.
Climate Change Implications
Regardless of one’s beliefs on climate change, it is a fact that the atmospheric carbon dioxide concentration has been increasing since coal began to be burned in large quantities during the Industrial Revolution around 1750. Since then, the atmospheric carbon dioxide concentration has increased from about 285 ppm to the present value of about 390 ppm (See Figure 1). Based on our scientific understanding of the greenhouse effect, we would expect that the increase should cause the average surface temperature of the earth to climb, and this has the potential to cause serious environmental damage. CONTINUE»
We all saw last week the largest blackouts in history, as first 300 million people in India, then 600 million lost electricity. While power is back up, it was a huge embarrassment to the government that exposed major difficulties in the power sector.
There are many problems with the Indian economy, like corruption, lack of long-term planning, and investment restrictions that hold it back from its potential. It has been difficult to remove the layers of bureaucracy that thwart investors. Corruption has remained pervasive at all levels. Political populism has led the government to impose strict price controls on many goods – this has hampered investment. The remnants of India’s post-war anti-import government policies have slowed the ability of foreign companies to directly invest in the country.
Note: I am still traveling, and my posting schedule won’t return to normal until after August 11th. This article was originally written for World Business Magazine in Singapore, and explores one of the themes I covered in my book Power Plays. I am breaking it up into two parts. The first deals with petroleum demand in developing countries, and the second explores the climate change implications.
Oil Prices Rise, But Demand Growth Remains Strong
Access to affordable, stable energy supplies is critical for economies throughout the world. For developing countries, affordable energy can offer a pathway to a better quality of life. But between 2000 and 2010, world oil prices became much less affordable. The average global oil price advanced from approximately $25 per barrel to more than $100 per barrel – far outpacing rates of inflation in most countries.
Many books and articles have been published that argued that the increase in prices has been due to oil speculation, the restriction of supplies by OPEC, growth in developing countries, peak oil, or various geopolitical factors. Regardless of the cause, the response to higher prices in developed and developing countries may be surprising. CONTINUE»
The following guest post is from OilPrice.com. ——————————– China’s omnivorous energy requirements have been attracting increasing attention as of late, as Beijing attempts to secure any and all sources of power for its growing industrial base. Nowhere is this more noticeable than Beijing’s policies in the South China Sea, where Chinese assertions of sovereignty are unsettling the Philippines, Taiwan, Vietnam, Malaysia, Indonesia and Brunei, all of whom have counter claims on the various shoals and islets. China’s landward neighbors are also feeling the hot breath of Beijing’s mandarins, however, most notably its economic rival India, with whom China fought a brief war in 1962 in the Himalayas over a disputed frontier, where the alpine conflict, according to China’s official military… Continue»
There is a good overview in today’s Guardian regarding the status of affairs with respect to electricity storage technologies: The challenge for green energy: how to store excess electricity So with grid parity now looming, finding ways to store millions of watts of excess electricity for times when the wind doesn’t blow and the sun doesn’t shine is the new Holy Grail. And there are signs that this goal — the day when large-scale energy storage becomes practical and cost-effective — might be within reach, as well. Some technologies that can store sizeable amounts of intermittent power are already deployed. Others, including at least a few with great promise, lie somewhere over the technological horizon. I have used the “Holy… Continue»
The previous post provided an introduction to Jatropha curcas, a tropical, oil-producing shrub. In this essay I want to get into why I believe there is great potential for jatropha to make an impact on the world’s energy supply. I will also explain the hurdles that need to be overcome. Jatropha Curcas in India (Photo courtesy of Tree Oils India Limited.) The Potential Jatropha has many qualities that make it an attractive biofuel option. One, it is tolerant of dry conditions and marginal soils. This is a big plus, because it opens up areas for cultivation that would otherwise be unsuitable. The type of land with great potential is land that is being degraded, or turned into desert. Desertification is… Continue»
During my trip to India back in March, I got to experience a variety of transportation options. One of those was the auto rickshaw. I commented at the time that the efficiency of the thing had to be incredible (the previous link says 82 mpg), as it was essentially an enclosed motorcycle. That’s me sitting in one below: Sitting in an Auto Rickshaw Having previously converted to natural gas, this already highly efficient mode of transportation is now going solar: India’s humble rickshaw goes solar NEW DELHI (AFP) – It’s been touted as a solution to urban India’s traffic woes, chronic pollution and fossil fuel dependence, as well as an escape from backbreaking human toil. A state-of-the-art, solar powered version… Continue»
Given my recent trip to Mumbai – in which I took a trip on a very packed train – this story caught my attention: Mumbai’s deadly trains claim a dozen daily MUMBAI (AFP) – The death toll on Mumbai’s railways averages a dozen a day — more than a whole year on New York’s subway system, which has an average annual accidental death rate of eight. In the first four months of this year, 1,146 commuters died and 1,395 were injured, railway police said. Many of the victims had been hanging on the side of the packed trains, unable even to wedge themselves inside, and fell to their deaths after losing their grip, they said. Last year’s total toll was… Continue»