Tag Archives: finance

Science Just Proved That Donald Trump Is Totally Wrong

This September was the hottest on record. Donald Trump loves to tweet about how climate change is a hoax, especially when he personally feels cold. Because, you know, if global warming is really real, then it will never be cold anywhere ever again. (Just kidding. Winter is still a thing.) He was at it again on Monday, tweeting that since it was “really cold outside,” we “could use a big fat dose of global warming!” Sick burn, Donald! Indeed, it’s been kind of cold on the East Coast over the last week. But, Trump’s local weather report notwithstanding, 2015 is still on track to be the warmest year on record, globally. And today, the National Oceanic and Atmospheric Administration released data showing that this September was the hottest September on record (the records go back to 1880), following an August that also experienced record-breaking heat. Here’s NOAA’s latest map, showing that in September, much of the globe had record or above-average temperatures: NOAA The dark red blob off the US West Coast is El Niño, which is continuing to strengthen and is expected to produce above-average rain and snowfall in California this winter (although probably not enough to end the state’s epic drought). Sorry, Donald. I think we have a big enough dose of global warming already. Originally posted here:  Science Just Proved That Donald Trump Is Totally Wrong ; ; ;

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Science Just Proved That Donald Trump Is Totally Wrong

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Solar Isn’t the Only Thing That’s Getting Cheaper. So Is Fracking.

green4us

How to Raise the Perfect Dog – Cesar Millan & Melissa Jo Peltier

From the bestselling author and star of National Geographic Channel's Dog Whisperer , the only resource you’ll need for raising a happy, healthy dog. For the millions of people every year who consider bringing a puppy into their lives–as well as those who have already brought a dog home–Cesar Millan, the preeminent dog behavior expert, […]

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The Life-Changing Magic of Tidying Up – Marie Kondo

This New York Times best-selling guide to decluttering your home from Japanese cleaning consultant Marie Kondo takes readers step-by-step through her revolutionary KonMari Method for simplifying, organizing, and storing. Despite constant efforts to declutter your home, do papers still accumulate like snowdrifts and clothes pile up like a tangled mess of noodles? Japanese cleaning consultant […]

iTunes Store
Baking Soda Bonanza – Peter A. Ciullo

Learn how to soothe sunburns, dry-clean your dog, and perform other household miracles with baking soda Want to relieve your stuffy nose? Make your musty old books smell better? Kill roaches without pesticide? You can do it all with baking soda, and this updated edition of Baking Soda Bonanza shows you how! Cheap, ecologically sound, […]

iTunes Store
Codex: Space Marines (Enhanced Edition) – Games Workshop

The Space Marines are the Angels of Death, humanity’s finest warriors. Clad in the greatest armour and armed with awesomely destructive weapons, they defend the Imperium of Mankind from the alien, the traitor and the daemon. Codex: Space Marines is the most comprehensive guide ever to these superlative warriors. It contains all the rules and […]

iTunes Store
How to Paint Citadel Miniatures: XV95 Ghostkeel Battlesuit (Tablet Edition) – Games Workshop

The XV95 Ghostkeel Battlesuit is the last word in strategic stealth combat deployment. Towering over its smaller cousin, the XV25 Stealth Battlesuit, the Ghostkeel is an elite weapons platform that couples the Tau’s signature stealth technology with heavy armour, punishing firepower and exceptional manoeuvrability. Piloted by specially selected veteran Stealth Suit pilots, each Ghostkeel is […]

iTunes Store
White Dwarf Issue 89: 10th October 2015 (Tablet Edition) – White Dwarf

White Dwarf 89 drops its stealth fields and blasts into view – and with it, the Tau Empire XV95 Ghostkeel, a new, bigger and even deadlier Tau stealth suit. We’ve got the complete lowdown, including Paint Splatter and full rules for this deadly new alien threat. Not only that, but we’ve also got an exclusive […]

iTunes Store
The Life-Changing Magic of Tidying Up by Marie Kondo – A 15-minute Summary & Analysis – Instaread

PLEASE NOTE: This is a  summary and analysis  of the book and NOT the original book.  The Life-Changing Magic of Tidying Up by Marie Kondo – A 15-minute Summary & Analysis   Inside this Instaread: Summary of entire book, Introduction to the important people in the book, Key Takeaways and Analysis of the Key Takeaways. […]

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White Dwarf Issue 88: 03rd October 2015 (Tablet Edition) – White Dwarf

White Dwarf 88 locks on and takes aim with the new Tau Empire KV128 Stormsurge! The latest in Tau battlefield innovation, the Stormsurge is a hulking ballistic suit bigger than anything the nascent Tau Empire has unleashed before. We’ve got a first look, Paint Splatter, Sprues and Glue and full rules – not to mention […]

iTunes Store
The Art of Raising a Puppy (Revised Edition) – Monks of New Skete

For more than thirty years the Monks of New Skete have been among America's most trusted authorities on dog training, canine behavior, and the animal/human bond. In their two now-classic bestsellers, How to be Your Dog's Best Friend and The Art of Raising a Puppy, the Monks draw on their experience as long-time breeders of […]

iTunes Store
Trident K9 Warriors – Mike Ritland & Gary Brozek

As Seen on “60 Minutes”! As a Navy SEAL during a combat deployment in Iraq, Mike Ritland saw a military working dog in action and instantly knew he'd found his true calling. Ritland started his own company training and supplying dogs for the SEAL teams, U.S. Government, and Department of Defense. He knew that fewer […]

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This article – 

Solar Isn’t the Only Thing That’s Getting Cheaper. So Is Fracking.

Posted in alo, Citadel, Dolphin, eco-friendly, FF, G & F, GE, Monterey, ONA, OXO, solar, solar power, Uncategorized | Tagged , , , , , , , , , | Comments Off on Solar Isn’t the Only Thing That’s Getting Cheaper. So Is Fracking.

Solar Isn’t the Only Thing That’s Getting Cheaper. So Is Fracking.

green4us

How to Raise the Perfect Dog – Cesar Millan & Melissa Jo Peltier

From the bestselling author and star of National Geographic Channel's Dog Whisperer , the only resource you’ll need for raising a happy, healthy dog. For the millions of people every year who consider bringing a puppy into their lives–as well as those who have already brought a dog home–Cesar Millan, the preeminent dog behavior expert, […]

iTunes Store
The Life-Changing Magic of Tidying Up – Marie Kondo

This New York Times best-selling guide to decluttering your home from Japanese cleaning consultant Marie Kondo takes readers step-by-step through her revolutionary KonMari Method for simplifying, organizing, and storing. Despite constant efforts to declutter your home, do papers still accumulate like snowdrifts and clothes pile up like a tangled mess of noodles? Japanese cleaning consultant […]

iTunes Store
Baking Soda Bonanza – Peter A. Ciullo

Learn how to soothe sunburns, dry-clean your dog, and perform other household miracles with baking soda Want to relieve your stuffy nose? Make your musty old books smell better? Kill roaches without pesticide? You can do it all with baking soda, and this updated edition of Baking Soda Bonanza shows you how! Cheap, ecologically sound, […]

iTunes Store
Codex: Space Marines (Enhanced Edition) – Games Workshop

The Space Marines are the Angels of Death, humanity’s finest warriors. Clad in the greatest armour and armed with awesomely destructive weapons, they defend the Imperium of Mankind from the alien, the traitor and the daemon. Codex: Space Marines is the most comprehensive guide ever to these superlative warriors. It contains all the rules and […]

iTunes Store
How to Paint Citadel Miniatures: XV95 Ghostkeel Battlesuit (Tablet Edition) – Games Workshop

The XV95 Ghostkeel Battlesuit is the last word in strategic stealth combat deployment. Towering over its smaller cousin, the XV25 Stealth Battlesuit, the Ghostkeel is an elite weapons platform that couples the Tau’s signature stealth technology with heavy armour, punishing firepower and exceptional manoeuvrability. Piloted by specially selected veteran Stealth Suit pilots, each Ghostkeel is […]

iTunes Store
White Dwarf Issue 89: 10th October 2015 (Tablet Edition) – White Dwarf

White Dwarf 89 drops its stealth fields and blasts into view – and with it, the Tau Empire XV95 Ghostkeel, a new, bigger and even deadlier Tau stealth suit. We’ve got the complete lowdown, including Paint Splatter and full rules for this deadly new alien threat. Not only that, but we’ve also got an exclusive […]

iTunes Store
The Life-Changing Magic of Tidying Up by Marie Kondo – A 15-minute Summary & Analysis – Instaread

PLEASE NOTE: This is a  summary and analysis  of the book and NOT the original book.  The Life-Changing Magic of Tidying Up by Marie Kondo – A 15-minute Summary & Analysis   Inside this Instaread: Summary of entire book, Introduction to the important people in the book, Key Takeaways and Analysis of the Key Takeaways. […]

iTunes Store
White Dwarf Issue 88: 03rd October 2015 (Tablet Edition) – White Dwarf

White Dwarf 88 locks on and takes aim with the new Tau Empire KV128 Stormsurge! The latest in Tau battlefield innovation, the Stormsurge is a hulking ballistic suit bigger than anything the nascent Tau Empire has unleashed before. We’ve got a first look, Paint Splatter, Sprues and Glue and full rules – not to mention […]

iTunes Store
The Art of Raising a Puppy (Revised Edition) – Monks of New Skete

For more than thirty years the Monks of New Skete have been among America's most trusted authorities on dog training, canine behavior, and the animal/human bond. In their two now-classic bestsellers, How to be Your Dog's Best Friend and The Art of Raising a Puppy, the Monks draw on their experience as long-time breeders of […]

iTunes Store
Trident K9 Warriors – Mike Ritland & Gary Brozek

As Seen on “60 Minutes”! As a Navy SEAL during a combat deployment in Iraq, Mike Ritland saw a military working dog in action and instantly knew he'd found his true calling. Ritland started his own company training and supplying dogs for the SEAL teams, U.S. Government, and Department of Defense. He knew that fewer […]

iTunes Store

This article – 

Solar Isn’t the Only Thing That’s Getting Cheaper. So Is Fracking.

Posted in alo, Citadel, Dolphin, eco-friendly, FF, G & F, GE, Monterey, ONA, OXO, solar, solar power, Uncategorized | Tagged , , , , , , , , , | Comments Off on Solar Isn’t the Only Thing That’s Getting Cheaper. So Is Fracking.

Under John Kasich, Ohio’s Charter Schools Became a "National Joke"

Mother Jones

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When Leon Sinoff was asked to sign off on a building lease for Imagine Columbus Primary Academy in Columbus, Ohio, in the summer of 2013, he had little reason to be skeptical. Before Imagine Schools, one of the nation’s largest for-profit charter management companies, asked him to join the new charter school’s board, Sinoff, a public defender, had no education background or experience. “I relied on their expertise and thought to myself, ‘Well, who am I to say no to this proposal?'” Sinoff says.

But by the start of the second school year, he was having doubts. The school received an F grade for achievement on the 2013-14 state report card. Only three teachers had returned after the first summer break; within two years, two principals and one vice principal stepped down. The school—which serves a high-poverty, low-income community—lacked arts, music, and foreign language classes, and whenever the board inquired about adding them, Imagine said there wasn’t enough money. Then Sinoff discovered that the $58,000-a-month lease—consuming nearly half the school’s operating budget, compared with the national standard of 8 to 15 percent—was for a building owned by a subsidiary of Imagine, Schoolhouse Finance LLC.

“It clicked for me. Aha! This is self-dealing. That’s why we are massively overpaying for the lease,” says Sinoff, who resigned with the other board members this summer. He adds, “Imagine is perfectly happy cranking out low-quality schools and profiting off them. They don’t care particularly about the quality of the kids’ education.”

Before Imagine Columbus Primary Academy opened, a different Imagine school operated in the building for eight years. Its story was nearly identical: The struggling school was paying enormous sums to Schoolhouse Finance while languishing on the state’s “academic emergency” list—a designation reserved for F-rated schools—before its board voted to shut it down. One member of that board was David Hansen, who shortly after the school’s closing was appointed by Gov. John Kasich to a newly created position: executive director of Ohio’s Office of Quality School Choice and Funding. Kasich tasked Hansen with overseeing the expansion of the state’s charter schools and virtual schools, which are online charter schools typically used by homeschoolers.

In July, Hansen resigned after admitting he had rigged evaluations of the state’s charter school sponsors—the nonprofits that authorize and oversee the schools in exchange for a fee—by not including the failing grades of certain F-rated schools in his assessment. Specifically, he omitted failing virtual schools operated by for-profit management companies that are owned by major Republican donors in the state.

Kasich, now running for the Republican presidential nomination, has waved off the Hansen scandal. “I mean, the guy is gone. He’s gone,” Kasich told reporters on the campaign trail. “We don’t tolerate any sort of not open and direct communication about charter schools, and everybody gets it. So that’s kind of the end of it.”

But Kasich can’t distance himself from the problems so easily. He appointed Hansen to his role, and Hansen’s wife is Kasich’s current presidential campaign manager and former chief of staff. He presided over an expanded charter regime with loosened oversight. Troubled charter schools like those operated by Imagine, which had 17 schools in Ohio at its apex in the 2013-14 school year and 14 schools last year, have proliferated in this environment. Schools with D or F grades receive an estimated 90 percent of the state’s charter school funding. Virtual schools, which have an even worse academic track record and insufficient quality controls have been permitted to flourish.

In the four years that Kasich has been in office, funding for traditional public schools has declined by almost half a billion dollars, while charter schools have seen a funding increase of more than 25 percent. Much of that funding appears to have been misspent. When State Auditor David Yost visited 30 charter schools unannounced this past fall, he found that in more than half of them, attendance was drastically lower than the schools had reported to the Department of Education. Because the state typically dispenses funds based on student enrollment, inflated classroom numbers can mean extra dollars for a school.

It wasn’t until this winter, after Stanford University’s Center for Research on Education Outcomes released a report finding that achievement in Ohio’s charter schools fell significantly below the state’s regular public schools, that Kasich began speaking about the need for reforms. “We want to clean up these charter schools that are not doing a good job,” he said in February. He laid out a plan to get serious about charter sponsor evaluations—the same evaluations Hansen was overseeing and later rigged.

“Kasich’s talked a good game about it,” says Stephen Dyer, a former Democratic state legislator and current education policy analyst at Innovation Ohio, a Columbus think tank. “He’s done some public posturing that’s been positive, but when you look at the actual results under his watch, our charter schools have become a national joke, and he hasn’t been able to get through any meaningful sort of broad-based reform.”

Even Ohio organizations that support school choice, such as the Fordham Institute and the state chapter of StudentsFirst, founded by Michelle Rhee, have called for greater reforms. The National Association of Charter School Authorizers, a Chicago-based organization that coincidentally hired Hansen in 2009 to oversee external affairs, referred to Ohio as the “Wild, Wild West” of charter schools.

In his first year in office, Kasich lifted the state’s cap on the number of charter schools that could operate, and the following year he signed a bill ending a decade-long moratorium on new virtual schools. That same year, Kasich signed legislation that relieved virtual schools of any responsibility to report how much they spend on classroom instruction. The bill also stipulated that virtual-school students would be automatically re-enrolled each year so that there would be “no interruption in state funding.” Given that virtual schools have some of the highest attrition rates and funds are allocated on a per-pupil basis, the measure gave funds to virtual schools before they even knew what their true enrollment would be.

“It doesn’t make sense unless you look at it through a political prism,” says Dyer.

WHEN THE NATIONAL CHARTER school discussion began in the early 1990s, the conversation centered largely on the idea of small, innovative schools that matched the specific needs of a particular student demographic. Early advocates hoped charter schools would become laboratories for innovative teaching methods that would one day be integrated into traditional public schools. Terms like “competition” and “portfolio model,” associated today with charter schools, were in many ways the antithesis of the original design. But the model began to change in the late 1990s, when, according to National Education Policy Center researcher Gary Miron, people from the business sector decided they wanted to test market theories on education.

Ohio’s charter law went into effect in 1998, and corporate interests were all over the state’s school-choice blueprint. “It was a political movement, not an education movement,” says Dyer. “You have big political contributors who have really driven the school-choice movement in Ohio for a long time.”

The two central figures in Ohio’s corporate charter movement, David Brennan and Bill Lager, have donated a combined $6.4 million to state legislators and committees, more than 90 percent of which went to Republicans, who have dominated the state House and Senate. Their donations have paid off. Since 1998, the state has given $1.76 billion to schools run by Brennan’s White Hat Management and Lager’s Electronic Classrooms of Tomorrow, accounting for one-quarter of all state charter funds.

F-rated virtual schools run by White Hat Management were among the charters Hansen purposely omitted from sponsor evaluations this summer, resulting in an “exemplary” grade for the Ohio Council of Community Schools, which sponsors many White Hat virtual schools. Another sponsor that benefited from Hansen’s flawed math, Buckeye Community Hope Foundation, oversees 51 charter schools, including another struggling Imagine school on whose board Hansen previously sat.

The majority of the Ohio Department of Education’s elected board members—other members are appointed by the governor—have called for an investigation into Hansen’s manipulated evaluations and for the resignation of State Superintendent Robert Ross. Kasich has brushed off both requests, instead proposing a restructuring of the board to provide greater gubernatorial control. “I don’t like the structure of it,” Kasich told the Columbus Dispatch. “I don’t like the infighting.”

Tim Pingle, a former Imagine Columbus Primary Academy principal, is frustrated that schools like his old one are allowed to remain open. “Why do we accept this for our kids?” he asks, noting that Imagine Schools was kicked out of Missouri after years of financial and academic concerns. “It’s not good enough for the kids in Missouri, but it’s okay for kids in Ohio?”

In June, the Ohio Senate approved bipartisan legislation to reform the state’s charter schools, but the measure stalled in the state House. And so last week, Imagine Columbus Primary Academy opened its doors for its third year—with its third principal and second school board.

“I’m sure Imagine’s new board is even more oblivious than we were, given that we caused a lot of trouble in the end,” says Sinoff, who resigned after Imagine refused to re-negotiate the high-priced lease. “I think that they are not entirely happy that we squeaked through the filter to make life difficult. I’m sure they haven’t made that mistake again, and they have folks even more oblivious than we were.”

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Under John Kasich, Ohio’s Charter Schools Became a "National Joke"

Posted in Anchor, Cyber, FF, GE, LAI, LG, ONA, PUR, Radius, Uncategorized, Venta | Tagged , , , , , , , , , | Comments Off on Under John Kasich, Ohio’s Charter Schools Became a "National Joke"

Naked Filter’s Kickstarter campaign tests market for a revolutionary new filter concept

A fail-safe filter that delivers water easily with a sip or a squeeze could save lives in places where water-borne illnesses thrive, but look for it first as a trendy gym accessory. View original:   Naked Filter’s Kickstarter campaign tests market for a revolutionary new filter concept ; ; ;

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Naked Filter’s Kickstarter campaign tests market for a revolutionary new filter concept

Posted in eco-friendly, FF, G & F, GE, LAI, LG, Monterey, ONA, organic, Oster, solar, solar power, Uncategorized | Tagged , , , , , , , , , | Comments Off on Naked Filter’s Kickstarter campaign tests market for a revolutionary new filter concept

Finally Some Good News About Clean Energy Investment

Mother Jones

Clean energy investment around the world is rebounding after a three-year decline, according to new figures released today by Bloomberg New Energy Finance. Globally, the total amount of clean energy investment jumped 16 percent in 2014, to $310 billion. That number is just shy of the record amount of investment set in 2011.

BNEF produces quarterly reports that track how much money governments and the private sector are pouring into wind, solar, biofuels and other green energy projects. In 2014, the United States enjoyed its biggest investments since 2012, but it was China that once again drove the numbers. China’s clean energy spending shot up 32 percent to a record $89.5 billion, cementing its place as the world’s top market for green investment. (You can get a sense of just how impressive Chinese investment is by peaking inside the the world’s biggest solar manufacturing factory, which is run by Chinese company Yingli.)

Solar is getting the lion’s share of investment around the world, according to the figures. Almost half the money spent on clean energy this year—just shy of $150 billion—was in the solar industry. Wind investment also reached record levels—$19.4 billion globally—thanks in part to offshore projects in Europe.

There was one darker patch in the numbers: Australia, where the government is trying to slash the country’s Renewable Energy Target, a policy that creates mandates for the amount of clean energy in the electricity mix. Bucking the global trend, investments there fell by 35 percent.

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Finally Some Good News About Clean Energy Investment

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It’s Only Taken Us 5 Years to Forget the Single Biggest Lesson of the Financial Meltdown

Mother Jones

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Yesterday the Federal Housing Finance Agency issued new underwriting guidelines that allow some home buyers to take out mortgages with down payments as small as 3 percent. Dean Baker brings down the hammer:

The NYT misled readers about the relative risk from low down payment loans in an article on the decision by the government to allow Fannie Mae and Freddie Mac to purchase loans with just 3 percent down payments. The piece cited several commentators saying that the risk of defaults would not increase substantially by lowering down payment requirements.

A study by the Center for Responsible Lending found that the default rate for loans with down payments of between 3 to 10 percent was nearly 9 percent. This is more than 80 percent higher than the default rate it found for mortgages with down payments of 10 percent or more.

….It is dubious housing policy to encourage moderate income people to take out mortgages on which they are likely to default….I think it’s great to help low and moderate income people get good housing. But this policy is about helping banks get their bad mortgages insured by taxpayers.

This decision by the FHFA is almost criminally myopic. After all, the go-go years that produced a towering housing bubble and then ended in an epic global financial meltdown are less than a decade in the past. Have we really forgotten so soon the primary lesson of these years?

For the record, here it is: If there was a single primary culprit in the collapse of the global economy, it was excessive leverage. It was embedded in exotic financial instruments. It was encouraged by weak banking regulations. It was exploited by traders and executives who all knew they could make a quick buck as long as the music kept playing. In the end, though, it turned Wall Street into a house of cards that didn’t have the strength to withstand meaningful losses. When those losses finally, inevitably, materialized, the financial system collapsed.

But it’s not just bank leverage that’s a problem. Wall Street’s most dangerous debt all originated with consumers, who had been relentlessly encouraged to take on ever more debt and ever more leverage for nearly a decade—mostly in the form of risky mortgages that were almost designed for failure thanks to down payment requirements that got steadily weaker as the housing bubble steadily inflated. If you make a 20 percent down payment, your leverage is 4:1. That’s fine. If things go south, your house can lose a lot of value and you’re still OK. (And so is your bank.) With a 10 percent down payment, your leverage is 9:1. That’s more dangerous. But a 3 percent down payment? Now we’re talking about leverage of 32:1. That’s crazytown territory. Even a moderate setback can wipe you out completely. Put enough loans like that together and then lash them into leverage-soaked financial derivatives that no one truly understands, and a moderate setback can wipe out the entire financial system.

The FHFA’s justification, of course, is that this 3 percent deal is only being offered to people with strong credit histories. But that’s always how it starts, isn’t it? The question is, where does it end?

Nowhere good. The single biggest lesson of the 2008 meltdown is that a strong financial system is built on a foundation of limited leverage. Limited leverage for everyone. Anything else is a foundation of sand. How can we have forgotten that so soon?

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It’s Only Taken Us 5 Years to Forget the Single Biggest Lesson of the Financial Meltdown

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Obama’s Deal With China Is a Big Win for Solar, Nuclear, and Clean Coal

Mother Jones

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The plan announced last night for the United States and China to join forces in the fight against climate change is a big deal. It sets a new, more ambitious greenhouse gas reduction target for the US (although the target will only bring emissions slightly below 1990 levels, which isn’t as aggressive as climate scientists have advocated). It establishes a goal for China to get one-fifth of its power from low-carbon sources by 2030. And it lays out what both countries will bring to the table at next year’s international climate negotiations in Paris. That should help other countries set their own goals, and it increases the likelihood that the talks will be productive.

More coverage of the historic US-China climate deal.


The US and China Just Announced a Huge Deal on Climateâ&#128;&#148;and It’s a Game Changer


Is the US-China Climate Pact as Big a Deal as It Seems?


Obama’s Deal With China Is a Big Win for Solar, Nuclear, and Clean Coal


Awkward: Watch a Supercut of Republicans Using China As an Excuse to Do Nothing About Climate Change


Deep Inside the Wild World of China’s Fracking Boom


Here Comes the Sun: America’s Solar Boom, in Charts

The deal could also be a big win for the clean energy sector. It calls for more funding for research and development projects focused on renewable energy, energy efficiency, and clean vehicles. It also includes a major new pilot project in China to study carbon capture and sequestration, the controversial technology that—at least in theory—could help China curb its emissions while continuing to burn coal for electricity.

Perhaps most significantly, the plan says that for China to meet its clean energy production target, it will have to roll out an additional 800 to 1,000 gigawatts of low-carbon energy sources by 2030. That’s roughly equivalent to the size of the US’s current electric grid, but made up entirely of non-fossil energy. So the renewable energy market in China, already the world’s biggest, is poised to grow by a lot over the next decade or so. That’s not necessarily a new development, but now we know that the growth expectation is nailed down to some specific numbers—and that it will happen with the support of the US government and American companies.

In other words, China’s climate goals represent a big economic opportunity for both countries.

“I think the technology stuff is the most important part of this agreement,” said Alex Trembath, an energy analyst with the Breakthrough Institute. “This is what energy innovation looks like: Not only partnerships in deploying new technologies, but innovation that takes advantage of demand in growing markets” like China.

Up to this point, trade relations on clean energy have been a little icy between China and the US, especially on solar power. Over the last couple years, the explosion of the solar power market has led to some bitter trade wars between Chinese and American solar panel manufacturers, with US regulators complaining that Chinese companies were dumping super-cheap panels on the American market. The Commerce Department already raised tariffs on Chinese solar technology this summer, and it’s poised to do so again in December.

But Nick Culver, a solar market analyst for Bloomberg New Energy Finance, says yesterday’s announcement effectively signals a pivot in the Obama administration’s attitude that will ultimately benefit the US solar industry.

“Folks in the solar world are worried about a discrete number of things that can really throw the brakes in US, and one of those things is a trade war with escalating tariffs,” Culver said. “This seems like it really relieves that fear,” because the plan makes it US policy to promote, not inhibit, China’s clean energy sector.

Culver cautioned that it could be several years before China’s new commitments translate to a noticeable uptick in manufacturing, so don’t expect solar stock prices to necessarily skyrocket right away. The bilateral plan is light on details, so it’s hard to say exactly when and how China envisions ramping up its solar deployment. But now the tone is set for a relationship between the countries that is less combative and more collaborative.

That attitude applies beyond solar power. China is the world’s biggest coal consumer; it gets more than 70 percent of its power from coal. Thanks to China’s skyrocketing growth, its coal addiction is expected to rise until 2030, when the International Energy Agency predicts China will, at its peak, consume more than half the world’s coal. To reconcile China’s need for more cheap energy with its climate goals, the plan calls for a major pilot project to study carbon capture and sequestration, a technology intended to capture carbon dioxide from coal plants and either bury it underground or repackage it for use as an industrial chemical.

The project will be a fresh opportunity to prove that CCS can be made economically viable—the closest equivalent project in the US, a coal plant in Mississippi, is a $5 billion boondoggle.

“Having CCS called out specifically is a good sign that the technology is necessary” for China to meet its climate goals, said Elizabeth Burton, director of the Global CCS Institute, a Melbourne-based think tank.

Nuclear power could also be a winner. China already has 26 nuclear reactors in the works, with an additional 60 planned, according to the Nuclear Energy Institute. These will likely become a key component of China’s push for low-carbon energy.

Trembath said the agreement is a model for international collaboration on climate action that reduces our collective carbon footprint without the geopolitical hassle of a legally binding global treaty.

“If you really want to gather momentum for clean energy,” Trembath said, “you have to take advantage of China.”

Original source – 

Obama’s Deal With China Is a Big Win for Solar, Nuclear, and Clean Coal

Posted in Anchor, Bunn, FF, GE, LAI, LG, ONA, Radius, solar, solar panels, solar power, Ultima, Uncategorized, Venta | Tagged , , , , , , , , | Comments Off on Obama’s Deal With China Is a Big Win for Solar, Nuclear, and Clean Coal

Global buying spree is saving solar panel manufacturers

Global buying spree is saving solar panel manufacturers

Shutterstock

The sun is starting to shine again on the solar-panel manufacturing industry, a year after a string of corporate collapses.

The glut of cheap solar panels that pushed manufacturing giant Suntech and others into bankruptcy is being whittled away by a worldwide surge in solar installations. The manufacturing sector’s gradual return to profitability comes eight months after China announced it would go on a solar-buying spree to cash in on the oversupply of panels.

Yingli Green Energy Holdings Co., the world’s leading producer of solar panels, on Tuesday announced its 10th consecutive quarterly loss — but said it expected to rejoin many of its competitors in turning a profit by the third quarter of this year. Reuters reports:

A recovery in solar panel prices after a four year slump has helped Yingli’s rivals such as Trina Solar Ltd [and] JA Solar Holdings Co Ltd post profits in recent quarters, while JinkoSolar Holding Co Ltd posted a profit last August.

Bloomberg explains why the glut of panels that triggered the sector’s woes a year ago is starting to disappear:

Developers installed 37.5 gigawatts of panels worldwide last year, up 22 percent from 2012, and that figure may increase as much as 39 percent this year, according to data compiled by Bloomberg.

That growth is starting to “sponge up” much of the glut, especially among Chinese manufacturers, that resulted from a buildup in the late 2000s, Pavel Molchanov, an analyst at Raymond James & Associates Inc. in Houston, said in an interview. “That has made a real dent in the overcapacity.”

China, which surpassed Germany to become the biggest solar market last year, may install more than 14 gigawatts this year, aiding domestic producers. The Asian nation added a record 12 gigawatts of solar power in 2013, compared with 3.6 gigawatts a year ago, according to data from Bloomberg New Energy Finance.

There seems to be a little bit of good news in here for everybody.


Source
Solar Makers Shift to Profit as Demand Eases Oversupply, Bloomberg
Yingli to stay in the red to win solar panel price war, Reuters

John Upton is a science fan and green news boffin who tweets, posts articles to Facebook, and blogs about ecology. He welcomes reader questions, tips, and incoherent rants: johnupton@gmail.com.

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Global buying spree is saving solar panel manufacturers

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Your Tetley tea won’t taste so good after you read this

Your Tetley tea won’t taste so good after you read this

Akarsh Simha

India’s reputation for producing delicious teas stems mostly from vast plantations in the northeastern state of Assam.

Tourists admire the beauty of the region, but life is hard as hell on the plantations. Undernourished workers, including children and the elderly, toil from dawn until dusk for pittances, often spraying industrial pesticides with little protection and enduring unsanitary conditions. They retire at night to overcrowded homes.

It is suffering such as this, which was chronicled a year ago in a complaint filed by three Indian nonprofits, that now has the World Bank investigating the production of Tetley tea — one of the world’s most popular brands. Farming at the 24 Tetley plantations under investigation is overseen by a company called APPL. The company is 50 percent owned by Tetley parent Tata Global Beverages, with the World Bank’s main lending body and some other shareholders also holding stakes.

“We want the company to comply with the labor laws and upgrade the working and living conditions,” Jayshree Satpute, an official with Nazdeek, one of the three nonprofits that filed last year’s complaint, told Grist. “This investment of [the World Bank] was done also to benefit the workers — but there have been no real positive changes.”

Following a year of review, the World Bank announced last week that it will launch a full investigation into “potentially significant adverse” environmental and social impacts at the plantations, where 31,000 Indians work. The announcement was followed by the publication earlier this week of a damning report by the Human Rights Institute at Columbia Law School, which visited 17 of the 24 plantations during two years of its own investigation. Here are some lowlights from the new Columbia report:

The abusive conditions for APPL workers are consistent with conditions in the sector as a whole. They are rooted in the colonial origins of plantation life which continue to define the extremely hierarchical social structure, the compensation scheme, and the excessive power exercised by management.

The tea workers of Assam and the adjacent area of West Bengal come from two marginalized communities — Adivasis (indigenous people) and Dalits (the so-called “untouchable” caste) – whose ancestors were brought from central India by British planters. They remain trapped in the lowest employment positions on the plantation, where they are routinely treated as social inferiors. …

Workers live in cramped quarters with cracked walls and broken roofs. The failure to maintain latrines has turned some living areas into a network of cesspools. APPL is failing to provide adequate health care, both in respect of quality and access. Medical staff are poorly-trained and frequently absent. …

At one plantation, while the manager lauded the old and new mechanisms in place to ensure that pesticide spraying happened safely, and stressed the absence of any gaps, the research team watched a group of sprayers walk past his window with chemical tanks on their backs and no protective gear at all on their bodies.

According to the World Bank’s ombudsman, APPL officials have told its investigators that labor issues on its plantations reflect industry-wide problems and couldn’t be directly addressed by a single corporation. 

On Friday, Tetley is scheduled to join with other large tea manufacturers in announcing a 15-year plan to boost the sustainability of the industry’s plantations and better support the communities that work on them.


Source
CAO Appraisal for Investigation of IFC, Compliance Advisor Ombudsman, World Bank International Finance Corporation
“The More Things Change …” The World Bank, Tata and Enduring Abuses on India’s Tea Plantations, Columbia Law School Human Rights Institute

John Upton is a science fan and green news boffin who tweets, posts articles to Facebook, and blogs about ecology. He welcomes reader questions, tips, and incoherent rants: johnupton@gmail.com.

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Your Tetley tea won’t taste so good after you read this

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