For Tuesday 12 May 2020 provided by Ecoprofit.com.au (#letsfindsolutions)
News for green investors and organisations, stock watch & grant opportunities
How Much Cleaner are EVs?
Amid a global transport industry crisis brought about by the coronavirus pandemic, a study from European Federation for Transport and Environment has added strength to the argument that EVs emit far less CO2 than internal combustion engine vehicles do over their lifetimes.
The UK not-for-profit said in its?report?that it had taken into account all relevant factors, including the carbon dioxide emissions resulting from the production of the electricity that feeds an EV as well as the emissions that accompany the extraction of mineral resources that go into EV batteries.
The main finding of the study was that on average, electric vehicles, at least those in Europe, emitted three times less carbon dioxide than internal combustion engine cars. However, the location seems to be quite important for the overall emission level, the authors noted.
“In the worst-case scenario, an electric car with a battery produced in China and driven in Poland still emits 22% less CO2 than diesel and 28% less than petrol,” the authors wrote. “And in the best-case scenario, an electric car with a battery produced in Sweden and driven in Sweden can emit 80% less CO2 than diesel and 81% less than petrol.”
What about Australia?
The emissions drop between EVs and internal combustion engines would be far more than European equivalents. Over the last three years, Australian motorists have paid an extra $1 billion in fuel costs because Australia does not have fuel efficiency (CO2 emissions) standards. This is despite the fact that 80% of the light vehicle market in the world is governed by emission standards. This includes India, US, EU, China, Korea and Canada.
Emissions from vehicles represent 21% of total carbon emissions for Australia. Emissions from vehicles have risen by 30% since 2000. The current Federal government has been negligent since it took power in 2013, by first reversing the plan in place to introduce fuel emission standards starting in 2015. The most efficient vehicles in Australia are far less efficient than fuel efficient vehicles from most parts of the globe. We are now in the precarious state of being susceptible to the overseas dumping of inefficient vehicles. With an increasing population, fuel emissions from vehicles are expected to accelerate.
Under the Climate Solutions Fund, Australia?s Federal Government?s response to climate change, there is a limb devoted supposedly to developing a national electric vehicle strategy to ensure a planned and managed transition to new vehicle technology and infrastructure so all Australians can reap the benefits. There are no defined plans on the table as of today towards a national EV strategy despite the Climate Solutions Fund being nearly a year old.
Whilst?the coronavirus global pandemic grips the globe, stories of how nature is healing, waters running clearer, pollution levels dropping have made headlines. But all is probably not well in the world. In a recent discovery, scientists found the highest levels of microplastics ever recorded on the seafloor.
Sediments from the bottom of the ocean floor of the Tyrrhenian Sea, part of the Mediterranean Sea near Italy, showed up to 1.9 million plastic pieces per square metre. This discovery brings light to the fact that deep-sea currents act as a medium to carry the microplastics to hotspots, very similar to “garbage patches” which are visible on the surface in parts of the Pacific.
“These currents build what are called drift deposits; think of underwater sand dunes,” explained Dr Ian Kane, who fronted the international team. “They can be tens of kilometres long and hundreds of metres high. They are among the largest sediment accumulations on Earth. They’re made predominantly of very fine silt, so it’s intuitive to expect microplastics will be found within them.?
These hotspots also attract marine life, becoming breeding ground for them, who are also particularly prone to micro-plastic ingestion – meaning that the fish you eat from the sea could be containing the very garbage you discarded.
Professor Elda Miramontes from the University of Bremen, Germany, who is a co-author on the?Science?journal paper describing the Mediterranean discovery, told BBC that the way to fight ocean plastic pollution has to be at the same pace that we are fighting the current global pandemic.
“We’re all making an effort to improve our safety – changing our work life, or even stopping work. We’re doing all this so that people are not affected by this sickness. We have to think in the same way when we protect our oceans,” she?said.
Stuck-at-home online series
Are you stuck at home and twiddling your thumbs waiting to be able to get back to work? If so, why not spend time learning about carbon and energy management solutions for your workplace. Carbon Training International (CTI) introduces the Stuck-at-Home e-learning series.
You can easily enrol in one of our online webinar courses which include Carbon Offsetting, Carbon Accounting, Applied Energy Efficiency, Reducing Fleet Emissions and Strategic Carbon Management (https://co2ti.com/).
Be ready to walk-the-walk on carbon and energy management subjects of interest when you finally get back to your usual workplace. Choose your preferred course and course start date at co2ti.com and advance your Learning and Development. Extra course dates can be arranged.
?Grants/Subsidies/Funding ? R&D Tax Incentive
The R&D Tax Incentive is one part of the support available in Australia?s innovation system, deliberately targeted to businesses doing eligible R&D activities that meet the legislative requirements (as set out in the?Industry Research and Development Act 1986?and the?Income Tax Assessment Act 1997), rather than innovation in general.
Go to: https://business.gov.au/grants-and-programs/research-and-development-tax-incentive/help-guides-and-resources for more information.
We will include details of benefits, eligibility and examples in following issues.
Eco-tip for the day ? Summary of cooling/heating tips
- Insulate your ceiling, roof, walls and floors if possible
- Seal drafts
- Use the timer switch and set the thermostat to a sensible temperature.
- Keep the system maintained and the filters clean to improve airflow and efficiency.
- Close doors to rooms that you are not using (including the laundry and bathroom).
- If you have windows or vents that are permanently open, keep the doors to these rooms closed.
- Open curtains during the day to let in the winter sun. Close curtains at night to stop heat escaping
- Use rugs or carpets on timber or slab floors.
- Consider double-glazing to insulate windows.
- Cover the tops of curtains with pelmet boxes to reduce heat loss through glass windows.
- Dress appropriately to stay warm.
- Shade windows from the summer sun. Deciduous trees can be an attractive way to shade windows, walls and your roof.
- Close curtains to keep heat out when the sun is on the windows.
- Keep windows shut in the hottest parts of the day.
- Open up your home to breezes when it’s cool outside.
- Make the most of natural airflow by opening low-positioned windows to bring the breeze in and high windows to let the hot air out.
- Consider using roof ventilators, vented ridges, ventilated eaves and ventilated ceilings to allow heat to escape from your roof space.
Share watch ? Alkane Resources Ltd (ALK:ASX)
Alkane Resources Ltd is an ASX and OTCQX (US) listed gold production company with a multi-commodity mining and exploration subsidiary called Australian Strategic Materials (ASM). The most significant of ASM?s projects is the Dubbo Project set to mine rare earths including zirconium, hafnium, niobium and yttrium. Alkane states it is the most advanced project of its kind outside China.
The project is construction-ready (subject to financing?) with the mineral deposit and surrounding land acquired and all State and Federal approvals are in place.
Everlution will keep a close eye on Alkane?s assertion:
?Our mining and processing activities are carefully designed to occupy a small physical footprint, use low volumes of power, water and other consumables, and produce waste residues that are treated and stored with minimum impact to the environment.?
In the meantime, Everlution promotes enterprise that will assist the economy of regional Australia to produce materials needed for renewables systems, enhance Australia?s share of limited rare earth supplies in a global market dominated by China, whilst at the same time, limiting environmental impact on its local surrounds.
The ten-year graph reflects the gold production outcomes of Alkane (with recent results reflecting the effect of the coronavirus on gold prices). However, with the coronavirus political fallout imminent, the rare earth side of business has more potential in 2020 than it did only 5 months ago.
The VIX fear gauge down 3.87 points since Friday EST to 27.57.
The Dow Jones Industrial Average has had a net rise since last Friday EST of 472.23 points or 1.99% to 24,221,99, the STOXX 600 up 9.54 points or 0.52% to 339.70 and the Shanghai Composite index up 1.76 points or 0.81% to 2,894.80.
Gold down to 1,700.30. US 10-year Treasury Bonds on 0.715 and oil up to 24.50. Cryptos dropped, with Bitcoin down 1,235.91 since Friday or 12.58% to 8,599.40.
ASX 200 up 97.00 points or 1.81% from Friday to 5,461.20. The Aussie dollar down slightly to 64.90 US cents.
Eco Market Spot Prices
Sources:?RenewEconomy, demandmanager,? Reuters, SMH, Market Watch, greenglobaltravel