THE DAILY ROUNDUP – Weekend Edition

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Hi! Here is your dose of useful links and articles related to renewable energy and technology. Have a nice weekend!


JPMorgan: Blockchain Paves Way for Digital Money

JPMorgan Chase & Co. is broadening its perspective on blockchain technology to show how digital money will change the financial world. The emergence of linked databases like the blockchains that enable Bitcoin and Ether to exist as well as changing consumer preferences has turned the modernization of payments into a global theme…

2019 will be remembered for the rise of digital money. The groundwork is now in place for more mainstream adoption of blockchain technology at the same time that the foundation is being established for the development of digital currency and fast payments.

JPMorgan Chase & Co

These Sweden’s Central Bank Finally Embraces DLT, but Only in Simulation Mode

Sweden’s central bank will soon trial a blockchain-based digital currency – but it’s still in its very early stages, at best. Announced Thursday, Sveriges Riksbank’s e-krona pilot is the latest attempt at a central bank digital currency (CBDC) from an institution that for years fretted over basing any such project on distributed ledger technology (DLT)…

RIX, the Riksbank’s system for the transfer of funds in accounts, is, for example, built around a central register. An e-krona could in principle be constructed in a similar way.

Riksbank 

Blockchain technology expected to tackle Africa’s challenges across industries

Blockchain technology is slowly but surely moving beyond secure, seamless, transparent, trusted and convenient transactions as new use cases of the transformative innovation emerge. From finance, education, and governance institutions to enterprises in the energy, healthcare, and insurance space, companies are looking to…

The speed at which blockchain technology is being adopted is unprecedented. There is a growing recognition that this technology has profound implications in many areas, and we are watching it move from a startup idea to an established technology in a fraction of the time it took for the Internet to be accepted as a standard tool.

Paul Mitchell, Fintech & Blockchain Lead for PwC South Africa

NEW BATTERY TECH COULD DOUBLE ELECTRIC CAR DRIVING RANGE

A team of researchers at the Korea Institute of Science and Technology have announced a new carbon-silicon material that they say could more than double the driving range of electric vehicles — and enable fast charging to more than 80 percent capacity in just five minutes. Current-day EVs generally use graphite anode batteries, which tend to…

We were able to develop carbon-silicon composite materials using common, everyday materials and simple mixing and thermal processes with no reactors.

Hun-Gi Jung

Solar projects delayed by coronavirus in China may get relief

In a big relief to renewable energy projects, the Ministry of New and Renewable Energy (MNRE) will give extra time for the commissioning of power projects that face delays due to squeezing of supply lines from China which is facing deadly spread of coronavirus. On the lines of clarification given by Ministry of Finance (Department of Expenditure…

The clampdown (in China) has forced several manufacturers to run their plants at low utilisation, or to stall operations altogether. Indeed, even the modules already manufactured are facing delays in transit to project sites on account of precautionary restrictions on transit at ports.

CRISIL

Opinion: Why is humanity so reluctant to save itself from climate change?

Despite the buzz around climate action at this year’s World Economic Forum meeting in Davos, Switzerland, the world’s current environmental prospects look grim. There are three obstacles: climate-change denial; the economics of reducing greenhouse-gas (GHGs) emissions; and the politics of mitigation policies, which tend to be highly regressive…

There is a massive free-rider problem. Under current circumstances, it will always be individually rational to let others cut back on their emissions rather than doing so yourself. The only way to correct this problem is through collective rationality or enlightened self-interest.


Industrial demand drives power storage projects

Large industrial electricity consumers are increasingly turning to the installation of solar and battery storage systems to provide reliable supply, driving metals demand as construction of new projects gets underway. UK-Australian miner Rio Tinto and UK-based Shell have stated plans to invest in lithium-ion battery storage projects…

The project will reduce our use of fossil fuels, limit the load we place on local and statewide electrical grids, and improve overall air quality throughout California.

Andreas Acker, executive vice-president and chief administrative officer at State Fund

FreeWord – Artificial Photosynthesis

At a time when people are searching for ways to limit society’s contribution to climate change and reduce dependence on fossil fuels and geopolitical and supply problems associated with it, it is natural to turn to photosynthesis to find solutions. Photosynthesis is an inevitable natural process that keeps not just plants…

Nature knows how to do chemistry and humans know how to make electricity. It makes a lot of sense to put the two things together.

Thomas Moore, Solar energy student

One step closer to clean energy for 30 million people in Africa

The first Public Private Partnership (PPP) project to generate renewable energy from shared resources in Africa came closer to reality today following signature of a key agreement to enable preparatory works to commence. The Ruzizi III hydropower project will generate reliable electricity from the Ruzizi river to be shared equally…

The European Investment Bank, the European Union, and the project financiers have worked closely with Burundi, Rwandan and DRC government for more than 10 years to ensure that Africa’s first three-country PPP clean energy project can become a reality and ensure access to electricity for millions of people.

Domicien Ndihokubwayo, Finance Minister of the Republic of Burundi

The Case For Pivoting Into Renewable Energy

Bernard Looney, BP’s new chief executive, wants to cut his company’s greenhouse gas emissions down to zero by 2050. To do that, the world’s sixth-largest energy company is committing itself to massive investment in renewable energy, including wind, solar and biofuels. The U.K.-based energy provider may be more aggressive than its peers…

In January, BlackRock, the world’s largest fund manager, said it would begin shifting out of fossil fuels, and I wouldn’t be surprised if similar announcements from Vanguard and State Street Global Advisors were forthcoming.


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