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Triple Crunch Log                                                                                                            

that an average of $35 billion-40 billion a year needs to be invested until 2030 so everyone on the planet can cook, heat and light their premises, and have energy for productive uses such as schooling. On current trends, however, the number of “energy poor” people will barely budge, and 16% of the world’s population will still have no electricity by 2030, according to the International Energy Agency. … At the “Lighting Africa” conference in Nairobi in May, a World Bank project to encourage private-sector solutions for the poor, 50 lighting firms displayed their wares, up from just a handful last year.  … “This could eliminate kerosene lighting in the next ten years, the way cellphones took off in about 13 years,” says Richenda Van Leeuwen of the Energy Access Initiative at the UN Foundation in Washington, DC. …The price (of a solar lantern) would have to fall below $5 to make it universally affordable, according to a study by the International Finance Corporation, an arm of the World Bank. So there is scope for further improvement. … Microfinance institutions may seem the natural financial partners to help the poor pay for energy systems, since they are the only organisations with millions of poor customers. But teething problems are formidable and success stories are few, says Patrick Maloney of the Lemelson Foundation, which invests in clean-energy technologies for the poor. … Solar Aid, a non-profit group, specialises in setting up microfranchises to identify and train entrepreneurs. The organisation works with local authorities to identify potential entrepreneurs, who must gather signatures from their local community—providing both the endorsement of their neighbours and a future customer base. They then undergo five days of training with an exam at the end. Solar Aid is also testing a kiosk-based system to help entrepreneurs distribute LED lighting in the Kibera district of the Kenyan capital, Nairobi.”769

Fears grow over global food supply: FT headline. FT: “Russia announced a 12-month extension of its grain export ban on Thursday, raising fears about a return to the food shortages and riots of 2007-08 which spread through developing countries dependent on imports. … riots in Mozambique left seven dead. Unrest in Maputo, in which 280 people were also injured, followed the government’s decision to raise bread prices by 30 per cent. Police opened fire on demonstrators after thousands turned out to protest against the price hikes, burning tyres and looting food warehouses.770

Another oil rig explosion in the Gulf of Mexico. 80 miles offshore in the Gulf of Mexico, Mariner Energy’s Vermillion 380 platform explodes, sparking a rapid search and rescue operation that recovers all 13 people aboard. FT: “Automated shut-off equipment turned off the flow of oil and gas from the platform’s seven producing wells as the crew evacuated, Mariner said. The cause of the fire is still unknown and under investigation, the company said. …. Environmental groups said the Mariner explosion reinforced the need to keep the moratorium in place. White House spokesman Robert Gibbs said he did not know whether the fire would affect the moratorium, scheduled to expire November 30.”771 The rig was not producing and no oil leakage is reported.

Mariner’s explosion in Gulf bolsters case for moratorium, Sheila McNulty argues in the FT. “For the oil and gas industry, the timing of Mariner Energy’s explosion in the Gulf of Mexico on Thursday could not be worse. The day before, about 5,000 members of the industry had gathered in a convention center in Houston to call for the lifting of the moratorium on new deepwater drilling in the gulf and to protest against proposed taxes and other measures. … John Hofmeister, former president of Shell USA and now head of Citizens for Affordable Energy, a nonprofit, told the crowd the US does not shut down the airline industry after accidents and should not shut down the oil and gas industry after the Macondo one. The point received wide applause in Houston. But now there have been two incidents in the gulf - one in deepwater (BP’s) and one in shallow (Mariner’s), one on a rig (BP’s) and one on a production platform (Mariner’s). The case for higher scrutiny has just gotten a little better.”772

Greenpeace activists arrested after abandoning occupation of Arctic oil rig. Cairn Energy resumes drilling as soon as the four are arrested.773

Norway keen to exploit carbon capture lead. CO2 from the Sleipner gasfield is carried by pipe back underwater and deposited in a reservoir more than one kilometre beneath the ocean floor. FT: “Since 1996, Statoil, the Norwegian state-owned energy company that operates Sleipner, has disposed of almost 13m tonnes of CO2 in this way. … Statoil has taken repeated images of the undersea reservoir since it began injecting CO2. Thus far, it has shown no signs of leakage. …(The IEA) is calling for 3,400 projects worldwide by 2050. … But expanding CCS beyond Sleipner will not be easy. One problem is that it remains far more difficult and expensive to capture CO2 from a power plant or factory than from a natural gas well. That has become evident at the Norwegian coastal city of Mongstad, where the government had planned to build a power plant and oil refinery equipped with CCS technology. The idea was to provide an example of how CO2 could be captured at onshore industrial facilities and then piped offshore for storage. But in May Oslo was forced to shelve those plans amid rising costs and questions about the technology. CCS sceptics claim the technology will never be economically viable and that government funds should instead be directed at wind, solar and other forms of renewable energy.774

3.9.10. BP says Deepwater Horizon oil well will be permanently sealed 'in two weeks', and total bill is $8bn. Around 28,400 people, more than 4,050 ships and dozens of aircraft are still involved in the clean-up operation.775

Rumours of Exxon takeover bid for BP. FT: “There have been successive reports that the cash-rich US firm ExxonMobil – the biggest non-government owned oil company in the world – has discussed the political implications of a BP takeover with the White House.”776

Are solar panels the next e-waste?” So asks Eric Gies. “Solar modules contain some of the same potentially dangerous materials as electronics, including silicon tetrachloride, cadmium, selenium, and sulfur hexafluoride, a potent greenhouse gas. So as solar moves from the fringe to the mainstream, insiders and watchdog groups are beginning to talk about producer responsibility and recycling in an attempt to sidestep the pitfalls of electronic waste and retain the industry's green credibility. … SolarWorld, which received an 88 out of 100 on the (Silicon Valley) toxics coalition's scorecard, has been recycling its own panels since 2003 at its main factory in Freiberg, Germany.…. Dustin Mulvaney is a scientist who works on solar issues at the University of California, Berkeley, and serves as a consultant to the Silicon Valley Toxics Coalition. He has analyzed solar modules currently on the market and has outlined for each its key ingredients, including potentially toxic elements and materials that would be valuable to recover in recycling. Used in SolarWorld modules, crystalline photovoltaic is the oldest and most widespread solar technology in the United States, holding 57 percent

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