New South Wales government plans for end of coal generation

first_img FacebookTwitterLinkedInEmailPrint分享Renew Economy:The New South Wales Coalition government on Wednesday launched one of the most significant energy transition projects in Australia, with an Emerging Energy Program that is designed to help replace most of the state’s ageing coal plants with wind, solar and storage over the next 15 years.NSW is the only state in the National Electricity Market without a specific or aspirational renewable energy target. But in its recent Integrated System Plan, the Australian Energy Market Operator highlighted the fact that the state was facing the biggest transition, because most of its 10GW of coal-fired generators were getting to the end of their life. Within 15 years, AEMO predicts, 70 per cent of that coal capacity will be gone – and it expects this to be replaced by large-scale solar, large-scale wind, storage, and rooftop solar, with the share of gas and hydro little changed from today’s level.The NSW Emerging Energy Plan is designed to support the commercialisation of new large-scale projects in NSW that use emerging, dispatchable technology. It is offering up to $10 million per project, for a total of $55 million. But it is not the scale of the initiative that is significant, it is the acceptance that the energy transition is profound, rapid and unstoppable.“We are not seeking to accelerate the closure of coal-fired generators or delay their closure,” energy minister Don Harwin told RenewEconomy. “The transition is happening, this helps prepare us.”An emissions intensity cap of 0.5 tonnes of Co2-e has been placed on any projects. This effectively rules out coal – as the idea of “clean coal” is nothing but a marketing term. It may allow for some form of gas generation, but such projects may struggle to compete with the falling cost of wind and solar and storage. It specifically rules out upgrades and extensions of existing plant.“The NSW energy system is in transition,” the document says. “Our generation mix is changing, with more variable generation entering the system and older power stations scheduled for retirement.” It notes that more than 17GW, or $21 billion, of projects for wind, solar, gas and generator upgrades are seeking planning approval in the state. Harwin said most of this was wind and solar, and the cost reduction of these technologies was “staggering.”More: NSW launches emerging energy program to replace coal generation New South Wales government plans for end of coal generationlast_img read more

Analysts expect continued decline in European coal generation in 2020

first_imgAnalysts expect continued decline in European coal generation in 2020 FacebookTwitterLinkedInEmailPrint分享Bloomberg:European coal faces another depressing year as natural gas floods the region and clean-energy policies reduce demand for the dirtiest fossil fuel.Coal use across seven European economies fell to historic lows last year, pushing benchmark rates down by almost a third to $62 a ton. The prospects for 2020 are looking equally bleak, with analysts from S&P Global Platts and Capital Economics predicting prices plunging to the $50 mark, the lowest in four years.It’s the latest indication that the economics for burning coal have collapsed in little more than a year since the commodity hit $100 a ton. Europe’s goal of zeroing out carbon emissions by the middle of the century along with ever-cheaper wind and solar power and falling gas prices all point to drastic reductions for generators that burn coal.“Although we saw coal generation pushed to minimum levels in the second half of 2019, it should fall again year-on-year in the first half of 2020 due to low gas and stable carbon pricing,” said Joe Aldina, S&P Global Platts’ head of coal analytics.For most of last decade it was more profitable to burn coal than gas in Germany, Europe’s biggest economy. That relationship was turned on its head last year as imports of liquefied natural gas and mild weather pushed down prices for the cleaner fuel, encouraging utilities to switch away from coal.The gas glut may worsen after last month’s deal between Russia and Ukraine to keep gas flowing to Europe. Construction of another direct route to Europe, the Nord Stream 2 pipeline to Germany, is expected to finish this year even though the U.S. imposed sanctions on the project.[Jeremy Hodges]More: Coal’s fortunes look bleaklast_img read more

Automakers slash car sales targets as spending power weakens

“April’s wholesales number is the worst we’ve seen in decades. With the PSBB imposed across Indonesia, we assume that it will only get worse in May,” Gaikindo chairman Yohannes Nangoi said during a discussion held by marketing firm MarkPlus on Friday.Gaikindo also slashed Indonesia’s car export target to 175,000 units in 2020 from the initial target of 350,000 to 400,000 units, he added.Four provinces and 26 regencies and cities across the archipelago have implemented the PSBB. There have been more than 18,000 cases of COVID-19 and at least 1,191 deaths since the government announced the first two cases in early March. The social restrictions have disrupted business activity and hit people’s purchasing power as millions have lost their jobs.Consumer spending, which accounts for more than a half of the country’s GDP, grew just 2.84 percent yoy in the first quarter, far less than last year’s growth of 5.01 percent. Fitch Solutions expected private consumption to contract 1.5 percent yoy in 2020 from a previous forecast growth of 1.2 percent following 5 percent growth in 2019. Weakening purchasing power following business disruptions caused by the COVID-19 pandemic has battered the country’s automotive industry, forcing carmakers to significantly lower their car sales targets this year.The Association of Indonesian Automotive Manufacturers (Gaikindo) cut its domestic car sales target this year by 40 percent to just 600,000 units as the government’s large-scale social restrictions (PSBB) and cooling economic outlook were expected to hit demand. According to the association, more than 1 million cars were sold last year.The forecast was made as April’s car sales nosedived by more than 90 percent year-on-year (yoy) to 7,871 units, according to data compiled by diversified conglomerate PT Astra International. Car sales are an indicator of household spending growth. Indonesia’s consumer confidence index nosedived to its lowest level in 12 years as consumers expressed pessimism amid the pandemic, according to a recent Bank Indonesia (BI) survey.Yohannes said the health crisis threatened 1.5 million automotive industry workers in the country, though Gaikindo members agreed to avoid layoffs.“We also recently had talks with Industry Ministry officials and they asked us to prevent permanent closures of all factories as it could rattle the country’s auto industry image,” he said.“We will only use around 50 percent of our capacity […] and currently carmakers are focusing on utilizing their production capacity.”Institute for Development of Economics and Finance (Indef) economist Andry Satrio Nugroho told The Jakarta Post on Monday that the slumping domestic car sales could hit the country’s GDP and trigger ripple effects on other industries in the supply chain.“The auto industry is a part of Indonesia’s strategic industry as it makes up around 1.8 percent of the country’s GDP,” he said, adding that the commercial sector of the automotive industry also chipped in significantly to the economy.“Closely linked sectors, such as car assembly plants and dealerships, will be affected despite the fact that the industry is still relying heavily on imported intermediate goods,” he said.Automotive industry expert Bebin Djuana said he expected demand for domestic cars to remain low throughout the year as the pandemic hit the economy.“The sales recovery will be gradual, rather than a V-shaped spike, because the purchasing power of average Indonesians is greatly affected by the pandemic,” he told the Post in a separate interview on Monday.Moody’s Investors Service wrote in a research note on May 13 that it expected the economic impact of the coronavirus outbreak to spark steep declines of at least 30 percent in auto unit sales in Indonesia with sales to rebound by 15 to 20 percent in 2021 off a lower base.Yohannes said the weakening purchasing power would affect demand in the future as people now were focusing on fulfilling their basic needs.The association had asked the government for additional stimulus, including a vehicle tax rate cut of 30 to 50 percent, relaxations to the import and export permit extension process and penalty fee waivers for factories that underused their electricity and gas quotas.“The automotive industry is currently suffering and we hope the government pays special attention to us after the COVID-19 pandemic ends,” Johannes said.Topics : read more

Housatonic River Dredging Program Wrapped Up

first_imgMaintenance dredging of the lower portion of the Housatonic River Federal Navigation Channel in Stratford and Milford, Connecticut, is now completed, The Connecticut Post ( reports.The $9.3 million contract was undertaken by Cashman Dredging and Marine Contracting Company, LLC of Quincy, Mass.During the last couple of months, the contractor removed over 270,000 cubic yards of clean fine-grain sand from the channel, placing it directly onto the Hammonasset Beach State Park in Madison.“We hope to maintain steady progress with similar projects going forward,” said Scott Bates, chairman of the Connecticut Port Authority. “The Connecticut Port Authority, in its first year of operation, has established a thoughtful system to identify and complete dredging and maintenance projects that enhance navigation and improve the use of Connecticut’s shoreline and inland waterways.”The dredging window in these areas, due to environmental constraints, is October 1, 2017 to January 31, 2018, although the lowest portion may be dredged until February 28, 2018 and the beach may be graded into March 2018.[mappress mapid=”24670″]last_img read more

Owners give me time to work – Moyes

first_imgDavid Moyes heads into battle as Manchester United manager believing the club’s controversial owners will provide the stability required for him to make a success of the job. Press Association Moyes has already made his feelings about his tough start as United boss known and by the middle of September, the Premier League table may be looking pretty bleak if results go against him. Yet Moyes believes the Glazer family have a long-term outlook that will not be shaken by short-term results. “I have really good owners who don’t panic,” said Moyes. “We have stability at the club. We know where we are going and how we work. “There is not a panic on every time we have a defeat, not quite reaching expectations is not something to really bother yourself with. Obviously I am aware of the job – to continue the success of the club. “But the owners have been fantastic in their calmness, their openness and their support. What they want to do with the club is incredible, it really is. “They see stability and continuity as really important so one-off results are not really interesting to them.” Moyes has a pretty significant support network around him too. One of the first people to call in for a chat following his appointment was Sir Bobby Charlton. And despite his recent hip operation, Sir Alex Ferguson has been available for consultation too. “He is recovering from his hip operation but I went to see him the other day,” said Moyes. “He was great. He will be a great mentor for me. I want him to be around.” Rather than a distraction, Ferguson can be an invaluable source of knowledge because no one else knows the unique pressures of the job Moyes is being asked to do. “Within the first 10 minutes of him telling me I was getting the job, we had already had discussions about the team, what would have to be done and what was expected; like sponsors, media and all the things that come from a big club. “There were no airs and graces. He didn’t feather it. He told me straight and he told me what it was going to be like. But he would also expect me to get on and do the job myself.” Charlton meanwhile has spoken of United’s history, and how that demands certain standards; possibly one of the reasons why Moyes was approached by Ferguson rather than long-time favourite Jose Mourinho. “You have to do things correctly and with honour,” he said. “I have been made aware of what is expected of Manchester United players and manager, about how players and I conduct ourselves. “It is not in any great rule book but through conversations about the things that have happened at the club.” Moyes estimates it could take him 18 months to put his own stamp on the club; a long time by modern standards but half as long as the time taken by Ferguson to turn United into sustained trophy challengers. “At a club like Manchester United, I will get the opportunity to do that,” said Moyes. “There might be other clubs where you wouldn’t.” Of course, this superior view of life is easy to adopt when your manager is unsackable and ended up winning 13 league titles. Reactions may be different if the season does not go as planned, with a trip to Swansea hardly what anyone would describe as a gentle loosener. But the man who admitted last month he slept in his car on a knowledge gathering trip to the World Cup in 1998 so keen was he to expand his horizons, has worked hard to reach the top; even if some aspects of his new role are taking a bit of getting used to. “Sitting in the chair for the first time felt odd,” said Moyes, of walking into what used to be Ferguson’s office for the first time. “I did it myself with nobody looking. I thought I would have to see how it feels in case anybody thought I looked stupid. “It will not get better than Sir Alex Ferguson. It just won’t. But the club has to keep moving forward and progressing. There have to be changes at times. I am ready. I have worked hard to get to this position. “I have landed the biggest job. Yes, I am a rookie at Manchester United but I am not a rookie overall. I worked hard at Preston. I worked hard at Everton. And I am going to work hard to maintain Manchester United at the top of the league.” last_img read more

City friendly cancelled

first_imgManchester City’s friendly against the Houston Dynamo has been cancelled due to an unplayable pitch at the BBVA Compass Stadium in Texas. Houston had been hit with widespread flooding after record rainfall in the days leading up to the match and on Thursday the Major League Soccer club announced the match was off. “Tonight’s BBVA Compass Dynamo Charities Cup has been cancelled,” said a statement on the Dynamo’s website. “Late this afternoon, officials determined that the field did not meet their expectations and therefore have cancelled the match.” The match against Owen Coyle’s Dynamo was one of two on City’s post-season tour of North America. Manuel Pellegrini’s side beat Toronto FC 1-0 on Wednesday with a goal from youngster George Evans. Pellegrini said in a City statement: “We are bitterly disappointed for our fans, and for those of Houston Dynamo, that the match has been cancelled. “We had travelled to Houston from Toronto in anticipation of a great game of football and we recognise many fans have also travelled long distances. “We thank the entire Houston Dynamo team for their efforts in preparing for the match and regret that the game could not be played.” center_img Press Associationlast_img read more

Indian Premier League IPL 2018, Highlights, DD vs RCB: Bangalore win by 5 wickets after Kohli, AB masterclass

first_img# RCB win by 5 wickets after AB de Villiers and Kohli show! # After 14 Overs RCB are 139/3# After 8 Overs RCB are 76/2# After 4 Overs RCB are 35/2, Kohli and AB de Villiers are at the crease# DD make 181/4 in 20 overs.# After 19 Overs DD are 168/4# After 18 Overs 161/4# After 12 Overs DD are 102/2# After 11 Overs DD are 87/2# After 6 Overs DD are 44/2# After 3 Overs DD are 16/1 # Virat Kohli: “The table is wide open. It is the right time to get a win for us. It was a great feeling playing in front of a big crowd. Surprising to see so much support for us in Delhi. Again not a clinical show with the ball. At this stage of the tournament, maybe we will prefer bowling first because the batsmen can take more responsibility. Ask the opposition team to get the runs and tell them we are coming to chase it down. I wasn’t happy with the way we finished with the ball, but AB told me that we can do this and that is what helped me get my focus back and then I let my instincts take over. We were looking to finish it with a few more overs to spare to help the net run rate, but the two points are very important.” # Shreyas Iyer: With the kind of start we got, getting to 180 I thought was more than enough. Unfortunately we weren’t able to defend this as well; we aren’t executing the plans we form in the dressing room. I don’t feel the pressure of captaincy at all. Today was one of those bad days when I couldn’t time the ball well at all. The only thing you can do to handle pressure is by scoring regularly. I have a few coaches and mentors whose inputs I take regularly. I wouldn’t like to take their names, just in case I forget someone. We are already making 3-4 changes in every game and we are hoping to set up our team for the next season. New Delhi: Delhi Daredevils host Royal Challengers Bangalore at the Feroz Shah Kotla, New Delhi in the Indian Premier League 2018.In a clash between two sides lying bottom of the table, it is going to be a fascinating battle of pride, with some big names set to play for their pride.Head to head: DD 6 – 13 RCB. Since 2011, RCB have won 12 out of the 13 completed games against DD, including a Super Over win.Highlights:# AB de Villiers (Man of the Match): “To be honest with you it felt a bit weired tonight. Luckily Mishy bowled me one full ball out there and luckily I got it away and that kick started my innings. I started off slowly, luckily Virat was going well at the other end. Started feeling much better after 10-15 balls. It’s admirable to see youngsters come here and perform well (talking about Lamichhane), very happy to be a part of a tournament like this. We play for a proud franchise, the management and my team meates and that is what motivates me.”center_img For all the Latest Sports News News, Indian Premier League News, Download News Nation Android and iOS Mobile Apps. # Royal Challengers Bangalore have won the toss and have opted to fieldlast_img read more

1 Syracuse alumni bar has benefited from SU’s football success

first_imgNEW YORK — Kenny Bowen waited for the clock to hit 11 a.m. As the seconds neared before the doors opened, Bowen peeked his head out of the East End Bar and Grill’s window and saw something he wasn’t accustomed to in November — a line wrapped around the building.Bowen, in shock, smiled at the surprising amount of people who’d come out to the Syracuse University alumni bar on 87th St. and 1st Ave. in New York City before then-No. 12 Syracuse’s 2:30 p.m. matchup with No. 3 Notre Dame at Yankee Stadium.For Bowen and his SU alumni bar, having a buildup around a football pregame used to be a rarity But on Saturday, the hype was there.“Your money-makers, your crowds were going to come for basketball,” Bowen said. “You weren’t expecting the same crowds for football, but times change, teams change. It’s different now.”In its 11-year existence, The East End Bar & Grill never maintained a similar amount of success during football season that it did for basketball. Its crowds were slim in the fall, and Bowen waited until basketball rolled around. But as the Orange gained national acclaim this season, peaking at No. 12 in the College Football Playoff Rankings, the bar’s demand as a football gameday destination has risen. Its Saturday crowds of 30 to 40 people in prior years have transformed to hundreds, and its audience has transformed from a few old-timers to more young people.AdvertisementThis is placeholder textBefore Bowen committed to opening East End, he was working six blocks south at the Mad River Bar & Grille, primarily known for its Wisconsin sporting event parties. Although he’s not an SU alumnus, Bowen grew up a Syracuse fan because of his mom who graduated from the school. He thought if he could bring in enough of an SU crowd, he could create his own alumni bar instead of work for one. So he did.“We’d just always have SU games on, that’s how it started,” Bowen said. “We just built a crowd around that.”Bowen planned around March, knowing most of his “crazy nights” would come from Orange NCAA Tournament games. But in the “offseason,” he didn’t have to cap the number of people coming into his bar.There weren’t any alumni texting his phone asking how early they should line up outside as they did in basketball season. “Having maybe 50 people was normal, and that’s kinda generous,” he said. And during Syracuse’s five-game losing streak to end its 2017 campaign, Bowen felt his customers diminish as the Orange’s play fell off.“We’ve only been a basketball-heavy bar,” Bowen said. “During the bar’s time, Syracuse football hasn’t been where it is now.”Like last season, SU’s play reflected Bowen’s early crowds this year. The Orange’s opening game against Western Michigan didn’t yield a large number of people, but when Syracuse opened 4-0 for the first time since 1991, people started to show up. The bar saw a 400 percent increase in revenue when SU faced No. 2 Clemson compared to its 2015 matchup against the Tigers when it was 3-6, Bowen said.And as the Orange jumped into the national rankings, Bowen started to plan around Nov. 17 — a matchup of Top 15 opponents only a subway ride away from East End.KJ Edelman | Asst. Copy EditorBy noon, more than two hours before the game, the bar filled up as alumni slithered through the crowds of people sporting their team’s colors. Huddled around three bar stools, Joseph Tyburski and Mark McLoughlin, SU alums who graduated in 1971 and 1973, respectively, weren’t used to alumni showing up to bars.“Did I expect them be quite this good?” Tyburski said. He paused, and cracked a smile, “Yeah, I called it. But if they were 2-6, we’d still be here. I don’t know if all the others would, though.”McLoughlin cut him off, claiming SU should be undefeated and not a two-loss team. The two flew out from their California homes for the game, something they admitted they planned in advance, not just because the team is good.“(Syracuse is) good this year,” McLoughlin said. “That’s the added bonus.”On the other side of the bar, Bert Aufsesser and Ty Adams were similarly going through old SU’s football perils. Adams, a native of Syracuse in his mid-20s, contemplated how good the Orange really were, ultimately coming to the conclusion that he’s never been more excited about a team in his lifetime.Aufsesser, decked in his hand-made Orange pants and a custom painted Syracuse jean jacket, tried to rebuff Adams’ statement. The former president of the Syracuse Alumni Club of Southern California remembers only a couple of dozen people showing up for football games, sometimes starting as early as 9 a.m. on the West Coast.“You know, historically, there’s always this argument that we’re a basketball school,” Aufsesser said, looking at Adams. “But if you think about we’re a football school. The kids who are young only see basketball, but the ones who have been around know about our football history.”The hype around Saturday’s game was new to him, too. Pam Mulligan, SU’s executive director of alumni engagement, couldn’t believe it either. The 1989 SU grad had spent the week coordinating events for the Orange’s games at Madison Square Garden, expecting them to be the “big ticket events.” She was wrong.“Football this week has drawn more, which is very unusual,” Mulligan said. “It’s not what we’re accustomed to, especially as Syracuse people.”Behind the bar, Bowen took drink orders and engulfed himself in conversation with a couple of his regulars. With a brief free moment around 12:30 p.m., Bowen looked around, nodded his head and smirked toward a coworker, pointing toward the nearly 150 people in the bar.Eventually, Bowen left East End to attend the SU-UND game with his standing-room-only seats because he tries to “get away with going to every local game.” His staff would eventually take over, but for now, this was his bar. And for the first time in a while, it was packed during football season. Facebook Twitter Google+ Commentscenter_img Published on November 22, 2018 at 10:29 am Contact KJ: | @KJEdelmanlast_img read more

Better Collective hits high notes posting strong 2019 opening

first_imgShare Share Submit Related Articles Bettingexpert crowns TheTrollmanSha World Tipster Champion  July 2, 2020 Jesper Søgaard – Better CollectiveStockholm-listed industry affiliate marketing publisher Better Collective AB has declared a strong start to 2019 trading, as the company benefits from strong customer activity combined with organic efficiencies.Publishing its Q1 2019 trading update (period ending 31 March), Better Collective records a 97% increase in corporate revenues to €14 million (Q12018: €7.5m).During the quarter, Better Collective details that new-depositing-customers (NDC) reached a peak 116,000 (+116%) – a figure that ‘exceeded corporate expectations’.Boosting its revenue performance, Better Collective details that it was able to ‘transfer NDCs’ on to revenue share contracts, which account for 72% of revenues (18% CPA – 10% other income).“Growth in Q1 was strong compared to the same quarter last year,” said Better Collective AB Chief Executive, Jesper Søgaard. “We now see the effect of the strong NDC intake throughout 2018, which even accelerated further to record levels in the first quarter of 2019. Revenue almost doubled including a strong organic growth of 41% and operational earnings tripled compared to the same period in 2018.”Furthermore, Better Collective has strengthened its affiliate network capacity with paid media and search campaigns, supporting the firm’s existing ‘organic acquisition channels’.A period of high player activity would see Better Collective post a Q1 2019 EBIT of €6.5 million up 212% on corresponding 2018’s €2.1 million.Closing a busy Q1 2019 opening, Better Collective declares operating profits of €3.6 million (Q12018: €1.2m), with corporate governance maintaining that it continues to monitor opportunities within new and developing markets.“We continued to allocate significant resources to the development of new markets including the US, and we also opened new subsidiaries in UK and Poland to support our increased activities in those countries,” said Søgaard. “Furthermore, we continued to allocate significant resources to developing products and technologies.“All this has increased our cost base and headcounts, however, managing the high growth is a priority, thus we continued to report strong earning-margins while growing and investing in the future at high pace.” StumbleUpon Better Collective Spotlight: How is driving engagement through YouTube July 30, 2020 Better Collective cautious on quick recovery as COVID drags growth momentum August 25, 2020last_img read more

Former CAF Media Director gets AIPS-Africa appointment

first_imgFormer CAF Media Director, Suleiman Habuba has been appointed Special Adviser in charge of Education Programmes by the International Sports Press Association (AIPS)-Africa.The continental umbrella of the global sporting media body affirmed his appointment following body’s congress held from 17-21 March in Dakar, Senegal.A communiqué signed by Emmanuel Gustave Samnick, Secretary General of AIPS-Africa cited the designation as one of several innovative decisions taken during the four-day event.“Coming back to internal matters of AIPS Africa, several innovative decisions have been taken during the congress among them the appointment of Suleiman Habuba of Nigeria asSpecial Adviser in charge of education programmes,” the statement said.Habuba, now a Media and Management Consultant delivered a presentation titled “Media Reporting on Major Football Events” to participants at the congress to equip participants with reporting skills and techniques towards the 2014 FIFA World Cup in Brazil. Fluent in English and French, Habuba has served in various media and communication capacities including editorial, marketing and public relations.Between 2003 and 2012, he served as Director of Communications and Public Relations of the Confederation of African Football (CAF), and was the brain behind the transformed media scope of the continent’s football governing body.His  served as a Media Officer at two senior World Cups (2006 and 2010) and three Junior World Cups (FIFA U-20 World Cups in 1999 [Nigeria], 2005 [Netherlands] and 2007 [Canada].Prior to that, he worked renowned media agencies such as AFP and BBC, rising to the position of Deputy Editor of the Nigeria Bureau of the French News Agency [AFP] during his four-year stay, 1996-2001.Between 1998 and 2001, he was a BBC World Service Correspondent in Nigeria, moving up to Rebroadcasting and Marketing representative in Nigeria for Africa Middle East region of the BBC. A product of the University of Jos in Nigeria, he has attended Communications, Management and Marketing Training Programmes in Zurich, London and Paris.last_img read more