Report paints dire picture of coal generation economics worldwide

first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:The uphill battle confronting coal seems to be getting steeper.A new global analysis of 6,685 coal plants finds that its now cheaper to build new renewable generation than to run 35 percent of coal plants worldwide. By 2030, that percentage increases dramatically, with renewables beating out 96 percent of today’s existing and planned coal-fired generation. The 4 percent exception is in markets with extremely low fuel costs, where coal is cheap and plentiful, or with uncertain policies for renewables, like Russia.The study, conducted by pro-climate action financial think tank Carbon Tracker, covers about 95 percent of worldwide operating capacity and about 90 percent of under construction capacity.The report’s authors lay out three inflection points for the transition away from coal-fired power. They forecast the first for 2025, when renewables economically beat out new-build coal. According to the report, countries including Australia, China, and India are already there. But the second inflection point, when new renewables and gas beat existing coal, will mean “existential crisis” for the coal industry, according to authors. In many parts of the world, that reckoning has arrived.This year the Netherlands announced a coal ban. Countries including China, Hungary and Germany have also made moves to ditch coal, whether by reducing consumption or considering and instituting full-blown bans. And a November report from the Institute for Energy Economics and Financial Analysis forecasted that 2018 will bring a record number of U.S. coal retirements totaling 15.4 gigawatts (an S&P analysis from later in the month reported that 2018 will narrowly miss the record, retiring 14.3 gigawatts compared to the previous 2015 record of 14.7 gigawatts).According to Carbon Tracker, in China it’ll be more expensive to operate coal than to build new renewables by 2021. The European Union hits that point earlier, in 2019. In the U.S. it’s already arrived.More: Renewables may prove cheaper than 96% of coal plants worldwide by 2030 Report paints dire picture of coal generation economics worldwidelast_img read more

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Female cyclist forced to stop and wait after catching up to male riders in a race

first_imgNicole Hanselmann, the former national road cycling champion of Switzerland, was participating in a one-day road cycling race in Belgium when she broke free from the women’s pack and built a two-minute lead. Hanselmann told Cyclingnews. “I think we stopped for five or seven minutes and then it just kills your chances.” “It was a bit sad for me because I was in a good mood and when the bunch sees you stopping, they just get a new motivation to catch you,” She was racing so fast, in fact, that she caught up to the last few vehicles from the men’s race. Although the men’s and women’s races started at the same location, event organizers were unprepared for the overlap and asked Hanselmann to stop by the roadside and allow for some space to form between the two races. When the race began again, Hanselmann was allowed a head start, but after the break in racing and the cold conditions, the rest of the racers soon caught up with her. Hanselmann crossed the finish line in 74th place. last_img read more

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What is your professional legacy?

first_imgWhat does it take to be the BEST employee?Does it take hustle?Early mornings and late nights only to turn around and repeat the next day.Does it take speed?If you pump out the work faster, does that make you golden?Does it take loyalty?No way anyone will see you at the local competition.You bleed for your company.Does it take shady watercooler talk about so-n-so?Maybe if you say this, they will think that, and the focus will be on how great YOU are.Does it take abrasiveness and gusto?They better not challenge you because you have a playbook of reasons on why you do what you do.What does it take to be THE BEST?I honestly have no idea.In fact, I am inclined to say that the elite best employee is just a figment of our imagination.People always refer to success as the “ladder” of success.We are all climbing this fictional ladder.Fumbling over each step and each person we are stepping over…or on.I said it.Sometimes people step on one another to get up there.One shoe in the face and you can say you are at that “next level”.One push on that guy and you can be higher.One more..…and one more…Here is the things folks; there is no end to that ladder.It literally goes nowhere.How many times have we heard of people that get to where they want to be in their career only to find out that it isn’t what they expected nor wanted?Then they end up back on that proverbial ladder climbing….yet again.Where are you going?There is something to be said about being aware of where you are at and soaking up all that you can in an effort to gain more knowledge and grow.I don’t know about you, but I don’t feel good stepping on others to gain a place on this ladder.I don’t want to use someone else’s shoulders to gain momentum upward.I don’t want to look back at my professional career and see a literal melting pot of people that I wronged on the way up.None of these things fall under the category of successful.In fact, my guess is the higher you get on the ladder in being that way your scenic view is an empty gray sky and a distant cry of a vulture.I visualized that and it was quite dramatic.My point?Credit Unions operate on a people helping people philosophy.That counts for internal behaviors too.Success will never be defined by how high you get.It won’t be defined by how many steps on that ladder you conquer.It will, however, be defined by HOW you navigate your career goals.How you treat those around you while you are getting your personal hustle on.If you reach your hand out while you are hustling to help another who is struggling.Those are the things that will always define how successful you are.At the end of the day, it is about WHO you are and not necessarily about WHAT you are that matters.Every successful person wants to leave a legacy worth sharing.Personally, I want my professional journey to say that I hustled with heart and led with kindness.That sounds way more attractive than, yeah she left a footprint on my face.What does your career legacy say thus far? 42SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Nanci Wilson Nanci started her credit union journey due to lack of kindness.That fact is what led her to close her bank account and open up at a credit union.Ultimately … Web: https://www.universityfederalcu.org Detailslast_img read more

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Keep assault weapons only for police, military

first_imgEnough is enough. I am an advocate of hunting and sport shooting, but assault-style weapons should only be in the hands of the military or police.The National Rifle Association (NRA) needs to make some concessions if it is truly concerned about the safety of the general public, and legislators must stop kowtowing to non-compromising special-interest groups.Preventing just one mass shooting would make stricter legislation worth the effort. Any lawmaker who does not act to get these weapons off the streets is a coward in my eyes.I understand the Second Amendment, but our forefathers could not have envisioned the reality of today. It is no longer 1776.Dan DixonCharltonMore from The Daily Gazette:EDITORIAL: Beware of voter intimidationEDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Find a way to get family members into nursing homesFoss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Urgent: Today is the last day to complete the census Categories: Letters to the Editor, Opinionlast_img read more

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COVID-19 impact far more complex than 2008 crisis: Sri Mulyani

first_img“The possibility of job terminations comes from companies who cannot operate as usual, such as airlines, hotels and also the manufacturing sector, which is experiencing a disruption in the supply chain. Although there could be effects on the financial sector because it could create NPLs [non-performing loans].”The government is currently preparing a second fiscal stimulus package to cushion the economy from negative effects of the novel coronavirus, especially on tourism and export- and import-oriented industries, especially manufacturing.Read also: Indonesia finalizes second stimulus package to support trade amid virus fearsThis follows last week’s unveiling of a Rp 10.3 trillion (US$722 million) stimulus package to support consumer spending and tourism. Bank Indonesia estimates the country’s economic growth to slow to a three-year low of 4.9 percent in the first quarter, from 4.97 percent in the fourth quarter of 2019. As the government prepares a second fiscal stimulus package to support the economy, Finance Minister Sri Mulyani Indrawati warns that the economic impacts of the COVID-19 coronavirus outbreak will be far more complicated than that of the 2008 financial crisis.Driven by the United States subprime mortgage debacle, the 2008 financial crisis mostly affected financial institutions, banks and the capital market, she explained on Thursday. Meanwhile, COVID-19 is affecting broader business sectors, including tourism, transportation, trade, manufacturing and investment.“[COVID-19] has hit the real economy because it deals with people’s willingness to move around and conduct activities, so the risk would be in the real economy,” Sri Mulyani told reporters after a limited cabinet meeting at the State Palace in Central Jakarta. Sri Mulyani said COVID-19 was also a much more complicated issue as it involves humans and their lives, unlike the 2008 crisis where the effects on the people were more indirect, such as via financial institutions and big corporations.“People’s activities are suddenly partially paralyzed as schools are closed, factories are closed and people are working from home. Therefore, we should pay attention to the impacts [of the virus],” she added.  Read also: Another stimulus package prepared for manufacturing industry as coronavirus spreadsIndonesian Chamber of Commerce and Industry (Kadin) chairman Rosan Roeslani said business players were waiting for policy relaxations related to export and import activities as one of the anticipatory measures to shield Indonesia’s economy from the effects of COVID-19.“Yes, we have talked about fiscal and monetary policies […] We also discussed matters related to exports and imports,” Rosan said, acknowledging that the virus had caused a decline in the sales and production of several industries, including automotive businesses and tourism.However, Rosan denied claims that the coronavirus had resulted in layoffs and a shortage of raw materials, as feared by many business players and policymakers.Indonesian Employers Association (Apindo) chairman Hariyadi Sukamdani said fears over mobility and traveling had severely affected sectors related to travel and tourism, as well as the meeting, incentives, convention and exhibition (MICE) industry.There have been many cancellations of events due to growing concern over the spread of the coronavirus, he said, urging the public to remain vigilant in the short-term.“I think conditions will return to normal within the next three months. However, globally, it really depends on how long it takes for other countries to recover from this issue,” said Hariyadi, who is also chairman of the Indonesian Hotel and Restaurant Association (PHRI). Worldwide, more than 98,000 people have been infected with COVID-19 and 3,300 have died, with China, South Korea, Italy, Iran and Japan the worst affected. Indonesia confirmed on Monday its first two COVID-19 cases and is testing more suspected patients.center_img Topics :last_img read more

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Stocks under pressure as Trump vows to end violent protests

first_imgAsian stocks were set to come under pressure on Tuesday following a dip in Wall Street futures as US President Donald Trump vowed to use force to end violent protests in American cities, souring a previously upbeat market mood.E-mini futures for the S&P 500 fell 0.38 percent and Japan’s Nikkei 225 futures lost 0.34 percent. Australian S&P/ASX 200 futures rose 0.15 percent in early trading.The early indications came after major US stock indexes closed with gains of about 0.5 percent and continued to hover near three-month highs. As Trump spoke in the Rose Garden of the White House on Monday, live television images showed police firing tear gas to dispel demonstrators in Lafayette Park, across the street.“If American consumers were reluctant to come out of their COVID-19 lockdown cocoon fearing a secondary spreader, it’s unlikely they will feel any safer with military Humvees rolling down Pennsylvania Avenue,” Stephen Innes, Chief Global Markets Strategist at AxiCorp, wrote in a note to clients.As Asian markets prepared to open, dozens of cities across the United States were under curfews with the National Guard deployed in 23 states and Washington, D.C.The curfews followed protests over the death of George Floyd, a 46-year-old African American who died in Minneapolis after being pinned beneath a white police officer’s knee for nearly nine minutes. The dollar index fell 0.4 percent, as risk appetite had increased on optimism that the worst of the global economic downturn caused by the coronavirus may be in the past.The biggest concern for bond markets was growing US government debt with the benchmark 10-year Treasury notes yield rising to 0.677 percent from 0.644 percent on Friday.“Most investors are saying (the protests) aren’t going to destroy the economy,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “It’s a roadblock, but it’s not as big as a pandemic.”The protests were largely peaceful on Sunday but turned violent in the evening. On Monday US President Donald Trump urged state governors to crack down on protests over racial inequality that have engulfed the nation’s major cities, as officials extended curfews to prevent a seventh night of looting and vandalism.Markets were cheered by US manufacturing activity turning up slightly from an 11-year low in May. The report was the strongest sign yet that the worst of the economic downturn had passed as businesses reopened, though the recovery from the COVID-19 crisis could take years because of high unemployment.Similarly, in the euro zone, the IHS Markit’s Manufacturing Purchasing Managers’ Index recovered slightly in May from April’s record low, although factory activity still contracted heavily.Oil futures steadied on Monday despite US-China trade tensions with Brent up 1.3 percent to settle at US$38.32 a barrel and US crude slipping 5 cents to $35.44 a barrel.Spot gold added 0.8 percent to $1,739.75 an ounce. US gold futures gained 0.03 percent to $1,737.40 an ounce.In the trade dispute, sources in China said the government had told them to halt purchases of US soybeans after Trump moved to eliminate special treatment for Hong Kong to punish Beijing over its new security laws for the city.Though investors are closely watching for news on medical advances against the pandemic, to markets took in stride mixed news from Gilead Sciences Inc, whose shares fell about 4 percent. Gilead said that its antiviral drug remdesivir provided a modest benefit in patients with moderate COVID-19 given a five-day course of the treatment, while those who received the medicine for 10 days in the study did not fare as well.Topics :last_img read more

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PREMIUMPrabowo has political capital to run in 2024 presidential race, but ‘not enough to win it’

first_imgForgot Password ? Facebook Linkedin Google The Gerindra Party extraordinary congress has again appointed Prabowo Subianto as its chairman, making him a strong potential candidate for the 2024 presidential election, but experts believe more is needed for him to win.Prabowo, who ran against President Joko “Jokowi” Widodo in the 2014 and 2019 elections, has yet to declare that he will run again in 2024. However, some Gerindra executives have said that the current defense minister would consider the possibility if he garnered support from the party’s cadres and the public.Prabowo in a speech at Saturday’s congress did not publicly address the issue despite all party branch leaders having asked him to run again.”Prabowo said in the congress that he would make a decision one year or one-and-a-half years before the presidential election,” party secretary-general Ahmad Muzani said on Satur… Log in with your social account LOG INDon’t have an account? Register here Topics : Prabowo-Subianto Gerindra-Party 2024-presidential-election megawati-soekarnoputri 2024-presidential-candidate PDI-P Jokowi-second-termlast_img read more

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Buyers are chasing affordable homes in Bald Hills

first_imgThe home at 15 Miles St, Bald Hills sold before auction.A Bald Hills home has sold two days before auction amid a strengthening local market.The four-bedroom home at 15 Miles St sold for an undisclosed amount. Coronis Bracken Ridge marketing agent Jack Harvey said the price was significantly more than a previous asking price when the property was with another agency. “We had quite a bit of interest in the home,” he said. “We had 12 groups through in the two weeks prior to the planned auction.”Mr Harvey said buyers were attracted to the location close to the Bruce Highway, schools and shops, and the renovator-style house. More from newsLand grab sees 12 Sandstone Lakes homesites sell in a week21 Jun 2020Tropical haven walking distance from the surf9 Oct 2019He said the Bald Hills market in general was “moving along nicely”.“We’ve seen a 12.5 per cent price increase in the past three years and the average time on market is down seven days in the last year,” he said. “A lot of properties I’m listing (in the area) are selling at the first or second open home. We’re catching up with Bracken Ridge and the surrounding suburbs.” Mr Harvey said buyers were looking to Bald Hills for value and proximity to the city. “We’re seeing a lot of first-home buyers, families starting out and investors,” he said. “We are seeing significant interest from interstate investors because the numbers stack up. “They can’t buy anything 16km from the Sydney CBD for under $1 million, but in Bald Hills they can get investment properties for $400,000-$450,000, and rental demand is pretty strong and there aren’t a lot vacant properties.”last_img read more

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Climate specialist not satisfied with Caribbean preparations towards climate change

first_imgLocalNews Climate specialist not satisfied with Caribbean preparations towards climate change by: – October 14, 2011 Image via: patrickdriessen.blogspot.comClimate Change Specialist Dr Michael Taylor says he is not satisfied that Caribbean governments are prepared to make necessary changes to mitigate the effects of climate change on the agriculture sector.Taylor who is here as part of the 10th Caribbean Week of Agriculture delegates told an interview with the Government Information Service that some improvements have been made.“I am not satisfied but I believe our Caribbean governments are waking up to the possibilities of climate change. We have the CARICOM Climate Chance center in Belize which is trying to play a leading role in informing ministers and heads of government,’ he said.According to Taylor, the increase variability of the climate is almost forcing Caribbean governments to “stop and take a look”.“The heat, the rain, the drought, the hurricanes…I believe that this is forcing Caribbean governments to stop and take a look and I am sensing receptiveness,” he added. He said farming is a vulnerable sector due to the dependence on rainfall.“We need to start acting now because our action now will be a significant determination of what kind of future we will have. We want to get that message out there. It must be considered,” he added.Dominica Vibes News 6 Views   no discussions Tweet Sharecenter_img Share Share Sharing is caring!last_img read more

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No hugs as China football draws up coronavirus battle plan

first_imgThe Chinese Super League (CSL) will be stripped of exuberant goal celebrations – and fans – as it attempts to start during the coronavirus pandemic, reports said on Wednesday. Hugs after goals will be banned under the new guidelines The CSL has ambitions of launching the season in late June or early July, and Chinese football authorities have drawn up detailed plans to keep players and fans safe. The Chinese Football Association (CFA) has taken a keen interest in South Korea’s K-League and Germany’s Bundesliga, which led the way in restarting despite lingering virus fears. CSL matches will be held initially behind closed doors, in step with the K-League and Bundesliga, before fans are gradually allowed in, state media said. Supporters will then have to sit at least one metre (three feet) apart, the Beijing Youth Daily said, while substitutes will also be spaced out on the sidelines and must wear masks. “In addition, for the game itself, the league will also cancel (child) mascots, team handshakes, group photos and other activities,” the report said. “Photojournalists’ area will be limited to behind the goal line and the sideline. “After a goal is scored players are not allowed to gather and hug, all celebrations will be replaced by applause.” The anti-virus plans need government approval for the season to kick off. Read Also: Tyson Fury Vs Deontay Wilder III in search for new venue, date The CSL, which was supposed to start on February 22, became one of the first sporting casualties of the coronavirus outbreak when it was indefinitely postponed in January. However, Chinese football is edging towards starting the season after authorities declared that they have mostly curbed local infections. FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content2020 Tattoo Trends: Here’s What You’ll See This YearThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreWhat Are The Most Delicious Foods Out There?Beautiful Mutations: 15 Staggering Photos Of HeterochromiaWho Is The Most Powerful Woman On Earth?6 Stunning Bridges You’ll Want To See With Your Own EyesWhich Country Is The Most Romantic In The World?7 Ways To Understand Your Girlfriend Better7 Black Hole Facts That Will Change Your View Of The UniverseTop 7 Best Car Manufacturers Of All TimeFantastic-Looking (and Probably Delicious) Bread Artlast_img read more

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