World Energy Attitude Shifts

According to a report by the International Energy Agency (IEA), in 2016 the global economy grew and carbon dioxide emissions from energy production did not. In fact, the IEA found worldwide carbon dioxide emissions have remained the same for three years.

Progress is uneven but promising. China reduced emissions 1% last year, and India just passed tougher auto emissions standards in March, 2017. Where lower priced alternatives to coal have encouraged countries to switch to natural gas, renewable power sources, and nuclear energy. carbon dioxide output has declined or stabilized. In every country, improved energy efficiency has helped the environment in terms of carbon dioxide reduction and less deforestation. In Malawi, for example, rural and urban consumers have been willing to consider replacing traditional three-stone fires with an investment in clay, metal, or thermoelectric stoves that burn charcoal more efficiently than charcoal and much more efficiently than wood.

The growing concern about climate change has stimulated the search for green energy alternatives. In Norway, the Ocean Sun company is working on solar farms that can float on the ocean and transmit power back to crowded urban areas. Others are looking into technology for floating wind turbines, for generating power from hydrogen, and for using the hydropower of waves, tides, and rivers.

 At its gold mines in Suriname and Burkina Faso, Toronto-based IAMGOLD is using solar energy to reduce the use of diesel oil that generates greenhouse gases. The company sees the hybrid diesel solar photovoltaic engine, built by the Finnish group Wartsila at its gold mine in Burkina Faso, not only as a way to make an environmental contribution to the world but also as a way to reduce energy costs, protect against fuel price volatility, and increase local employment.

Efforts to convert the power of Atlantic Ocean waves into energy in the Orkney Islands north of the Scottish mainland and at the Wave Hub facility in Cornwell off the far southwest coast of England have been less successful. Besides the prohibitive cost, tricky engineering problems and the need to develop new materials capable of withstanding storm stresses and corrosive salt water require solutions. A device needs to handle the variety of pounding storms and normal waves, up and down motions, and wave speeds. Navigation needs to avoid these devices. And biologists view the moving parts of underwater turbines as a threat to sea mammals, fish, and diving birds. Yet, the UK's European Marine Energy Centre in the Orkneys attracts tests by Wave-tricity's Ocean Wave Rover and Finland's Wello Oy Penguin. Australia's Carnegie company has been financing CETO's Wave Energy Technology which has placed giant buoys off the coast of Cornwell in an attempt to produce emission-free energy and desalinated freshwater.  

Movement Without Wheels

Who said there is nothing new under the sun? Surely not Theo Jansen, the Dutch artist who turns wood, plastic tubing, lemonade bottles, and rags into giant, animal-like objects that come alive on Holland's coastal beaches. You can see his creatures and read about him at ted.com/speakers/theo_jansen.

Help kids look around the world to find inspiration. The earlier post, "Robots for Good," showed how wheels could move artificial humans. Now, Jansen shows how wind pumping air into old lemonade bottles can propel spindly plastic legs while a creature's body remains steady. Sensing it could become stuck in dangerous water or on loose sand, his "Strandbeests" even can reverse direction.

Never Too Young to Invest in the Future

Small and large scale investments offer money-making opportunities throughout the world. Check out $25 gift-giving ideas for kiva and other organizations at the blog post, "Gifts for Happy Holidays."

     A Special Report in the Financial Times (October 6, 2014) is cause to consider major money-making opportunities in Africa. Javier Blas wrote that high commodity prices, cheap Chinese loans, and improved governance have led to Africa's currently healthy growth. (Go to the later blog post, "Chocolate's Sweet Deals," to see how cocoa growers and investors can cooperate to benefit from the growing demand for chocolate in emerging markets.)

     The African Private Equity and Venture Capital Association estimates there is now $25 billion worth of private investment in Africa. It is in basic household goods, power, telecom transmission and pipeline projects, not just commodities, oil, diamonds, gold, and other minerals. When the US Carlyle Group launched its maiden African fund with a $500 million target, it closed at $700 million. It's first African investment, $150 million in Nigeria's Diamond Bank, was followed by an investment in a tire and parts retailer in Johannesburg, South Africa. Runa Alam, chief executive of London-based Development Partners International (DPI), a private equity fund that invests in African businesses, observed that top business schools are producing investors with skill sets that include global and local networks that can sniff out investment worthy companies in Africa, not only in China and Latin America.

     Indeed, private investment continues to find opportunities in Africa. In February, 2015, Actis Capital (a London-based private equity firm that concentrates its investments in emerging markets) and Mainstream Renewable Power (a Dublin-based clean energy developer) teamed up to invest $1.9 billion in a new Lekela Power venture that will operate solar and wind power projects in South Africa, Ghana, and Egypt.

     That is not to say Africa is problem free. Economic conditions have not improved across the board. Potential unemployment hovers over large chunks of the new middle class. The young population of one billion, on its way to four billion by 2100, is disillusioned and under-educated. (See the later blog post, "Recess Differs Around the World," to get a glimpse of Africa's under funded schools.) Compared to Asia, Africa's young people are unqualified for manufacturing jobs. (The earlier blog post, "Discover Africa," however, tells how young Africans take advantage of entering and winning contests and are starting their own businesses.)

     The Ebola crisis showed that disease can still devastate some parts of Africa; the abduction of over 200 teenage girls in Nigeria shows how religious and ethnic divisions persist; and corruption and greed continue to infest government and motivate leaders, except in Nigeria (See the later blog post, "Nigeria's New Beginning."), to cling to their positions after their constitutional terms of office end. With mobile phones and social media, however, young people have the means to voice their demands and frustrations and to receive solicitations from Islamic extremists. Nonetheless, young voters can be a powerful bloc capable of making their call for change heard. In the end, Africa is an investment opportunity that should not be overlooked.

Pollution Update

Look around when you attend a music festival, 4th of July celebration, or state fair this summer. Recycling bins, found in schools and at the exits of Target and other stores, have moved outside.

     Paul Abramson, who founded Paolo Verde Consulting, observed that keeping an area clean, especially at potential littering hot spots, during an event eliminates the need for picking up the mess at the end, when everyone is exhausted. He recommends having people (I would suggest cute, smiling teenagers) at bins "making gentle suggestions," such as "You know, that paper plate is recyclable, and we're collecting compost (food scraps) here."

     Abramson also notes that keeping an event site neat appeals to everyone who likes to see immediate results rather than the invisible good their contributions are doing, when they give to the Sierra Club, World Wildlife Fund, or Greenpeace.

     On a larger scale, TIME magazine (June 16, 2014), in an article entitled, "Green Revolution," shows the United States's amazing shift to clean energy in the 21st century. Renewable (water, wind, and solar) power plants went from 682 in 2002 to 1,956 in 2012. While coal plants still provided 39% of U.S. electricity and 75% of emissions from electricity in 2013, cleaner natural gas generated 51% of the electricity added by new plants opened in 2013. Estimates suggest one-fifth of all coal-fired plants have been closed or are scheduled to retire. Although solar and wind power produced only a little more than 5% of U.S. electricity in 2013, they produced 30% of new power added that year and 90% of new power capacity installed in the first quarter of 2014. What is impressive about this added power from wind is the amount by which it decreased carbon emissions, the same effect as taking 20 million cars off the road.

     Even children 6 to 8 years old can learn about the fossil fuel energy cycle from sun to transportation use in Buried Sunlight: How Fossil Fuels Have Changed the Earth by Molly Bang and Penny Chisholm.

     Solar panels, once an exotic that cost $75 per watt generated in 1975, are now available to produce a watt of electricity on home and business rooftops for less than 75 cents. Technology also is meeting the conservation challenge. Products now keep track of individual energy usage and suggest ways to reduce it. Energy efficient LED lightbulbs, compared to incandescent ones, last longer and reduce consumer cost over their lifetimes. It is interesting to note that combined jobs in the solar industry (150,000) and wind industry (50,000) now match the 200,000 in the coal industry.

     Unfortunately, new items, such as plastic bottles and drones, keep multiplying and requiring additional ideas for recycling. According to trendwatching,com, plastic Coca-Cola bottles in Vietnam, and later in Thailand and Indonesia, come with 16 different caps that convert empties into new uses, such as squirt guns, pencil sharpeners, and soap dispensers. Drones also are a new pollution problem. Some have biodegradable wings, but when they crash, their metal pieces and batteries litter the land and oceans.

     Students looking for ways to eliminate pollution and stem climate change can also find a wide variety of suggestions, including the development of bladeless wind turbines, in the earlier blog post, "A Healthy Environment."