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Reacting to China’s Goal of 49 GW of Renewables in 2013

Reacting to China’s Goal of 49 GW of Renewables in 2013

http://www.globalfundexchange.com/blog/2013/01/23/reacting-to-chinas-goal-of-49-gw-of-renewables-in-2013/

 Information coming out of China about its renewable energy plans, and prospects for both domestic and international suppliers hoping to continue riding one of the world’s most optimistic growth markets, have commanded headlines in the early weeks of 2013.

China plans to add 49 gigawatts (GW) of renewable energy capacity in 2013: 21 GW of hydropower, 18 GW of wind, and 10 GW of solar, according to its National Energy Administration.

Chinese solar panel makers are optimistic. Trina Solar recently said shipments will surge 30 percent in 2013, and Jinko Solar expects a 20-30 percent jump in shipments, on hopes that global demand is rising — gains in Asia (most notably domestically in China), plus regions including the U.S. and Asia, should offset declines in Europe — and price decreases could slow or cease later this year. Yingli Green Energy, which topped a record 2.2 GW in shipments in 2012, enters 2013 with expectations of downstream expansion.

Investors quickly responded with renewed interest in the battered sector; Suntech and LDK saw an upswell of investor support. Underlying concerns remain, though, about the financial viability of domestic solar manufacturers in a severely and government-fed market. Read the rest of this entry »

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Posted by on January 23, 2013 in Clean Energy, Solar

 

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Great Video from Al Gore uploaded by Anric Blatt

http://www.globalfundexchange.com/blog/2012/12/03/great-video-from-al-gore/

al-gore-video

About Al Gore
Former Vice President Al Gore is co-founder and chairman of Generation Investment Management, a partnership that is focused on a new approach to sustainable investing. He is also co-founder and chairman of Current TV, an Emmy Award-winning, independent cable and satellite television news and information network based on viewer-created content and citizen journalism. In addition, Gore is a senior partner with the venture capital firm Kleiner Perkins Caufield & Byers, a member of the board of directors of Apple and senior adviser to Google.
Gore spends the majority of his time as chairman of The Climate Reality Project, a non-profit focused on solutions to the climate crisis.
Gore was elected to the U.S. House of Representatives in 1976, 1978, 1980 and 1982 and the U.S. Senate in 1984 and 1990. He was inaugurated as the forty-fifth Vice President of the United States on January 20, 1993, and served eight years. During the Administration, Gore was a central member of President Clinton’s economic team. He served as President of the Senate, a Cabinet member, a member of the National Security Council and as the leader of a wide range of Administration initiatives.
He is the author of the bestsellers Earth in the Balance, An Inconvenient Truth, The Assault on Reason, and Our Choice: A Plan to Solve the Climate Crisis. He is the subject of an Oscar-winning documentary and is the co-recipient, with the Intergovernmental Panel on Climate Change, of the 2007 Nobel Peace Prize for “informing the world of the dangers posed by climate change.”

About Anric Blatt
Anric Blatt is one of the original founders and Chairman of the Global Fund Exchange Group. Founded in 2005, the group operates businesses focused on providing global institutions with sustainable investment solutions to create a legacy for future generations through prudent and profitable investments into the most compelling vital asset classes. His research covers demographics and mega macro trends such as energy, water, agriculture, and other scarce natural resources.

Anric Blatt is the co-portfolio manager of the Earth Wind & Fire funds and the AquaTerra fund and is noted for his compelling theme based approach to macro investing and is well known for his candid speaking style . Throughout his 20 year career, Mr Blatt has acquired expertise across all asset classes through posts in the US, Switzerland, Hong Kong and Africa. He is an innovative thinker with vision and leadership, a proven aptitude for detecting talent and is known for his strategic focus in moving companies and organizations forward in their goals. He serves on various non-profit boards, including the Federal Enforcement Homeland Security Foundation and the Terra Primus, Earth First ! Foundation.

About Global Fund Exchange
Founded in 2005, the Global Fund Exchange Group, is an investment management group unlike most others. Our clients are under our care and protection. We serve our clients by designing and implementing sustainable and profitable investment strategies that inspire a proud legacy.
After all, the earth was not given to us by our parents, it was loaned to us by our children.
At Global Fund Exchange, we believe strongly that investments need to have a compelling purpose. Our vision is to create a sustainable legacy for future generations through prudent and profitable investments in the most compelling vital asset classes and mega macro trends, including clean energy, water, agriculture, energy and natural resources.
We have the privilege of serving those in the investment community who serve others.

  • Future generation funds
  • Educational and medical institutions
  • Religious service, emergency and volunteer services pension funds
  • Endowments and foundations

Through value added partnerships, the group has created tailor made multi-manager portfolios exceeding US$2 billion for some of the world’s most sophisticated pension funds, sovereign wealth funds and other institutions in global tactical asset allocation, alternative investments, energy, commodity and multi-strategies.

 
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Posted by on December 3, 2012 in Investments, Videos

 

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Energy Outlook 2012

According to a new report “The Outlook for Energy: A View to 2040” put out by ExxonMobil, the need for energy in order to make electricity will remain the single biggest driver of demand on the planet for the next 3 decades.  Non OECD energy demand will grow by close to 60%.

Oil, gas and coal continue to be the most widely used fuels, and have the scale needed to meet global demand, making up about 80 percent of total energy consumption in 2040, however Natural gas will grow fast enough to overtake coal for the number 2 position behind oil.  Demand for natural gas will rise by more than 60 percent through 2040.  Both oil and natural gas will have an increasing share of global supply coming from unconventional sources such as those produced from shale formations.  In the United States and Europe, a shift from coal to less carbon-intensive fuels such as natural gas already is under way.  Natural Gas is the fastest growing major fuel source over this period, growing at 1.6 percent per year from 2010 to 2040.

The world’s population will rise by more than 25% by 2040, bringing us to 9 billion people on Earth, with the majority of that growth occurring by 2025!  India and Africa are the largest population growth drivers, which will produce the largest GDP growth through 2040.  Population and economic growth will drive demand higher, but the world will use energy more efficiently and shift toward lower-carbon fuels.

Residential energy demand increases as Africa and China lead a 50-percent rise in the number of households worldwide.  By 2040, there will be 2.8 billion households in the world, an increase of nearly 50% from 2010. These households will need energy for lighting, heating, cooking, hot water and refrigeration, as well as electricity to run everything from computers to air conditioners.

One of the most profound shifts in energy usage through 2040 will come from the transportation sector. The proliferation of hybrid and other advanced vehicles –as the number of personal vehicles in the world doubles! In addition, demand for fuel for commercial transportation – trucks, airplanes, trains and ships – will continue to rise sharply.  However, the cars of the world’s roads will be very different mix than what we have today, to a large extent, these changes will be driven by government policies that will mandate the fuel economy of personal vehicles.

As the Chairman & CEO of ExxonMobil rightly states:

“In the decades ahead, the world will need to expand energy supplies in a way that is safe, secure, affordable and environmentally responsible.  The scale of the challenge is enormous and requires an integrated set of solutions and the pursuit of all economic options.”  Rex W. Tillerson

Download the entire report:

 

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Impact of climate change on food prices is grossly underestimated

Maize: food prices have risen Climate change’s impact on future food prices is being underestimated, Oxfam warned in a report on Wednesday.

The development charity predicts that massive price spikes will be a devastating blow to the world’s poorest people who today spend up to 75% of their income on food, and will also adversely affect global consumers.

Its report, Extreme Weather, Extreme Price, suggests extreme weather events such as droughts and floods – made more likely by global warming – could drive up future food prices.

Previous research has tended to consider gradual impacts of rising global temperatures, such as changing rainfall patterns. Oxfam’s research, comissioned by the charity and undertaken by the Institute of Development Studies, examines the impact of extreme weather scenarios on food prices in 2030. It warns that by that date the world could be even more vulnerable to the kind of drought happening today in the US – the worst in 60 years – with dependence on US exports of wheat and maize predicted to rise and climate change increasing the likelihood of extreme droughts in North America.

The research claimed that:

  • Even under a conservative scenario another US drought in 2030 could raise the price of maize by as much as 140% over and above the average price of food in 2030, which is already likely to be double today’s prices.
  • Drought and flooding in southern Africa could increase the consumer price of maize and other coarse grains by as much as 120%. Price spikes of this magnitude today would mean the cost of a 25kg bag of corn meal – a staple which feeds poor families across Africa for about two weeks – would rocket from around $18 to $40.
  • A nationwide drought in India and extensive flooding across south-east Asia could see the world market price of rice increase by 22%. This could lead to domestic spikes of up to 43% on top of longer term price rises in rice importing countries of such as Nigeria, Africa’s most populous country.
  • Climate shocks in sub-Saharan Africa are likely to have an increasingly dramatic impact in 2030 as 95% of grains such as maize, millet and sorghum that are consumed in sub-Saharan Africa are expected to come from the region itself.

As well as affecting the world’s poorest, such rises will also hit those on the lowest incomes in the UK, who already spend up to half their household budget on food, the report notes.

Oxfam’s climate change policy adviser, Tim Gore, said: “Rising temperatures and changing rainfall patterns hold back crop production and cause steady price rises. But extreme weather events – like the current US drought – can wipe out entire harvests and trigger dramatic food price spikes. We will all feel the impact as prices spike but the poorest people will be hit hardest.”

He said the world needed to wake up to the drastic consequences facing our food system of climate inaction: “As [greenhouse gas] emissions continue to soar, extreme weather in the US and elsewhere provides a glimpse of our future food system in a warming world. Our planet is heading for average global warming of 2.5–5C this century. It is time to face up to what this means for hunger and malnutrition for millions of people on our planet.”

The report comes as UN talks aimed at tackling climate change are due to close in Bangkok on Wednesday with little sign of progress, while tomorrow the Food and Agriculture Organisation is due to publish further information on how the worst US drought in 60 years is impacting on global food prices.

View or Download the entire report

 

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A day in the life of Global Fund Exchange

 

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USA overtakes China in the Clean Energy Investment Race

The recently released Bloomberg New Energy Finance report shows that the United States has jumped ahead of China in green energy investment for the first time since 2008.

“The news that the U.S.A. jumped back into the lead in clean energy investment last year, moving China back into 2nd place is a reassuring sign that US policy is finally effecting real results ,” said Anric Blatt, chairman of the New York based vital asset investor, Global Fund Exchange Group. “The particular performance of the solar sector is even more considerable when you consider that the price of PV modules fell by close to 50 percent during 2011, and now stands 75 percent lower than three years ago”

In 2011, the United States was able to overtake China by investing $55.9 billion in clean energy, which was a 33 percent increase from the previous year.

Another highlight from the report is a 36 percent increase in worldwide solar technology investments, pushing the total amount of money invested to more than $136 billion.

For many years, our CEO, Lauralouise Duffy has been publishing her “Energy Olympics” who is winning study. She was visibly pleased by the new findings. Click here to download the Energy Olympics Slide

Click here for another great resource “Who’s winning the Clean Energy Race” produced each year by the Pew Charitable Trust

 

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Sustainability Sparks Growth for Fortune 500 Companies

“We want to be a sustainable business in every sense of the word.”

CEO Paul Polman has made no secret of his core focus at Unilever, the Anglo-Dutch conglomerate which sells a wide range of products used by more than 2 billion people every day.

Unilever is one of many Fortune 500 companies embarking on sustainability initiatives to boost profits while reducing harmful environmental and social impacts.

To achieve its aim of doubling product turnover, Unilever has set out three broad-minded goals for its new campaign:

  1. improve the health and well-being of more than a billion people;
  2. halve the group’s environmental footprint across the total value chain, including greenhouse gases, water and waste;
  3. source all agricultural raw materials sustainably

Polman insists there is “no conflict between sustainable consumption and business growth.”  In fact, he says, it is quite the opposite. “There is a compelling case for sustainable growth – retailers and consumers demand it and it saves us money.”

Part of Unilever’s sustainability push includes an educational campaign to make consumers aware of how their actions can reduce greenhouse gas emissions and save money.  For example, consumer use results in 68% of greenhouse emissions for many Unilever products.  Raw material processes account for 26%, manufacturing and transport together account for 5% and disposal rounds out the total at 1%.

Likewise, Unilever is educating consumers on cost-saving conservation strategies.  For example, did you know that families who cut down their daily showers by as little as 2 minutes can save 21,000 liters of water a year and as much as $150?

Read more posts on water here

German chemical group BASF and sportswear manufacturer Puma are two other examples of companies that have enacted sustainability initiatives to benefit the environment and their bottom line.  Like Unilever, these companies have aligned their business models with the harsh realities at hand.

Our world is facing perilous energy, water, agriculture and resource challenges. Companies that fail to adapt as required may find themselves behind the curve.

 

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