Showing posts with label world. Show all posts
Showing posts with label world. Show all posts

Tuesday, November 4, 2014

Buying about $8 trillion of foreign assets and companies will prevent Chinese Yuan from strengthening 5 to 1 until about 2045

According to the most recently published data, in 2011 total deposits held in these institutions by corporations, individuals and other entities amounted to 80.9 trillion yuan ($13.3 trillion)—70% more than China's GDP. (In the U.S. in 2014, M2—consisting of total demand deposits, savings deposits and small time deposits—was 35% less than U.S. GDP).

If and when full yuan convertibility occurs, a significant share of these yuan balances (perhaps 10% or more) will diversify into other foreign assets, especially dollar assets. Buying up foreign assets on a major scale means flooding the market with yuan, putting downward pressure on its value. And as long as China maintains an annual current account surplus—currently about $190 billion—some of it will further boost demand for foreign assets, thereby further weakening the yuan's exchange rate.

These three factors mean that the yuan's value is likely to stabilize toward the lower end of the 16 cents to 20 cents range. That said, so long as China's unusually high savings rate persists—about 40% of GDP compared with less than 10% in the U.S.—so too will large surpluses recur in its current account.

Charles Wolf of Rand Predictions Summarized

HSBC expects yuan to be a top three currency for trade settlement in 2015 and fully convertible by 2018

* Wolf expects China will buy $2 trillion initially in foreign assets (companies, properties etc...) around 2018 with full convertibility

* China will continue to have a surplus and will buy more assets $100-200 billion per year ($1-2 trillion per decade)

It will likely take about 30 years for China's savings rate to get to the 10% range



If Wolf is right then it will be about 2045 before China's yuan strengthens beyond 5 to 1 to the US dollar.

Tuesday, September 23, 2014

Global CO2 emissions will be over 40 billion tonnes in 2014 and are 58% higher than in 1990 which is the base year of the Kyoto Protocol

Carbon dioxide emissions, the main contributor to global warming, are set to rise 2.5% in 2014 - reaching a record high of 40 billion tonnes.

Key facts and figures:

* CO2 emissions from burning fossil fuel are projected to rise by 2.5 per cent in 2014 - 65 per cent above 1990 levels, the reference year for the Kyoto Protocol - China, the USA, the EU and India are the largest emitters – together accounting for 58 per cent of emissions.

* China’s CO2 emissions grew by 4.2 per cent in 2013, the USA’s grew by 2.9 per cent, and India’s emissions grew by 5.1 per cent.

* The EU has decreased its emissions by 1.8 per cent, though it continues to export a third of its emissions to China and other producers through imported goods and services.

* China’s CO2 emissions per person overtook emissions in the EU for the first time in 2013. China’s emissions are now larger than the US and EU combined. 16 per cent of China’s emissions are for goods and services which are exported elsewhere.

*CO2 emissions are caused primarily by burning fossil fuels, as well as by cement production and deforestation. Deforestation accounts for 8 per cent of CO2 emissions.

* Historical and future CO2 emissions must remain below a total 3,200 billion tonnes to be in with a 66 per cent chance of keeping climate change below 2°C. But two thirds (2,000 billion tonnes) of this quota have already been used.



Carbon dioxide (CO2) emissions from fossil fuel burning and cement production increased by 2.3% in 2013, with a total of 9.9±0.5 GtC (billion tonnes of carbon) (36 GtCO2) emitted to the atmosphere, 61% above 1990 emissions (the Kyoto Protocol reference year). Emissions are projected to increase by a further 2.5% in 2014. In 2013, the ocean and land carbon sinks respectively removed 27% and 23% of total CO2 (fossil fuel and land use change), leaving 50% of emissions into the atmosphere. The ocean sink in 2013 was 2.9±0.5 GtC, slightly above the 2004-2013 average of 2.6±0.5, and the land sink was 2.5±0.9 GtC slightly below the 2004-2013 average of 2.9±0.8. Total cumulative emissions from 1870 to 2013 were 390±20 GtC from fossil fuels and cement, and 145± 50 from land use change. The total of 535±55GtC was partitioned among the atmosphere (225±5 GtC), ocean (150±20 GtC), and the land (155±60 GtC).

The growth of the global Gross Domestic Product (GDP) for 2013 was 3.3%. The fossil fuel carbon intensity of the economy declined (improved) by -1.0%yr-1. The 2014 projection of 2.5% growth is based on the world GDP projection of 3.3% made by the International Monetary Fund and our estimate of improvements in the fossil intensity of the economy of -0.7%.

In 2013, global CO2 emissions were dominated by emissions from China (28%), the USA (14%), the EU (28 member states; 10%) and India (7%). Growth rates of these countries from 2012 to 2013 were 4.2% for China, 2.9% for the USA, −1.8% for the EU28, and 5.1% for India. The per-capita CO2 emissions in 2013 were 1.4 tonnes of carbon person-1yr-1 (5.1 tCO2) for the globe, 4.5 (16.4 tCO2) for the USA, 2.0 (7.2 tCO2) for China, 1.9 (6.8 tCO2) for the EU28, and 0.5 (1.9 tCO2) for India.

Of the total emissions from human activities during the period 2004-2013, about 44% accumulated in the atmosphere, 26% in the ocean and 30% on land. During this period, the size of the natural sinks has grown in response to the increasing emissions, although year-to-year variability of that growth is large.

The ocean sink is estimated by using observations for the period 1990-2000, and an ensemble of seven global ocean biogeochemistry models for the trend and variability. The models were normalized to the observed mean ocean sinks for the 1990s. Models were forced with meteorological data from the US national Centers for Environmental Prediction and atmospheric CO2 concentration. In addition, three observation-based estimates of the ocean sink were used to provide a qualitative assessment of confidence. In 2013 the ocean sink is estimated to have removed 29% of total (fossil fuel plus net land-use change) CO2 emissions.

The land sink is calculated as the residual of the sum of all sources minus the sum of the atmosphere and ocean sinks. An independent estimate of the consistency of the residual land sink is obtained by estimating the land sink from 10 dynamic global vegetation models. In 2013 the land sink is estimated to have removed 23% of total (fossil fuel plus net land use change) CO2 emissions.

China released its climate change goals for 2020

China has pledged to reduce its carbon emission intensity, namely emissions per unit of GDP, by 40 percent to 45 percent by 2020 from the 2005 level. It will also aim to bring the proportion of non-fossil fuels to about 15 percent of its total primary energy consumption. By the end of last year, China had reduced carbon dioxide emissions per unit of GDP by 28.56 percent from 2005, which was equivalent to saving the world 2.5 billion tonnes of carbon dioxide emissions, Xie said.

NBF - China is targeting to reduce emissions per unit of GDP by 12-17%. If China increases GDP by 7% per year then GDP would increase by 50% from 2015 to 2020. Achieving 17% reduction would still mean 33% more emissions or about 4 billion tons of carbon or 14.7 billion tons of CO2. CO2 weighs 3.67 time more than carbon. 

At the end of 2013, China's consumption ratio of non-fossil energy to primary energy stood at 9.8 percent. Forest growing stock had increased by 1.3 trillion cubic meters from 2005 to two trillion cubic meters, seven years ahead of schedule, according to the official.

In the first nine months of 2014, China's energy consumption per unit of GDP dropped by 4.2 percent year on year and carbon intensity was cut by about 5 percent, both representing the largest drops in years, he said.

Other targets include increasing forest coverage by 40 million hectares within the next five years.


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Carnival of Nuclear Energy 227

The Carnival of Nuclear Energy 227 is up at Hiroshima Syndrome


Forbes James Conca - First American Nuke Plant In 21st Century To Open Soon

Tennessee Valley Authority’s Watts Bar 2 Nuclear Generating Station is in the final phase of construction in preparation for its start-up next year. Watts Bar 2 will be the first nuclear power plant to come online in the U.S. in this century, the first of five commercial nuclear reactors under construction. It is expected to produce over 700 billion kWhs of extremely low-carbon electricity over its life, at an actual cost of only 6 ¢ per kWhr.




Nextbigfuture - Batteries play an important role in everyday life. Scientists and technology. companies constantly are seeking ways to improve battery life and efficiency. Now, for the first time using a water-based solution, researchers at the University of Missouri have created a long-lasting and more efficient nuclear battery that could be used for many applications such as a reliable energy source in complicated applications such as space flight and military applications.

The battery uses a radioactive isotope called strontium-90 that boosts electrochemcial energy in a water-based solution. A nanostructured titanium dioxide electrode (the common element found in sunscreens and UV blockers) with a platinum coating collects and effectively converts energy into electrons.


Nextbigfuture - Two UAE reactors should be operational by 2020 and Saudi Arabia could complete twelve nuclear reactors from 2022-2034




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Friday, September 19, 2014

John Bongaarts at the Population Council thinks Climate Change has a good chance of limiting human Population but he is wrong

According to the new analysis by researchers at the United Nations and several academic institutions, there is an 80 percent chance that the world’s population, now 7.2 billion, won’t stop at nine billion in 2050, but will instead be between 9.6 billion and 12.3 billion by 2100. The researchers increased their estimates after noting persistent high birth rates and faster-than-expected progress in combatting HIV/AIDS in Africa. [Journal Science - World population stabilization unlikely this century]

Technology Review David Talbot says the prediction’s reliability is debatable, given that it does not take into account future hardships a large population would likely face. It doesn’t take into account the effects of climate change, food shortages, disease, or conflict. The study take into account that population growth could trigger deadly calamities like food shortages, war, and disease even without climate change, says John Bongaarts, vice president and distinguished scholar at the Population Council, a think tank and research organization based in New York City.

Wolfgang Lutz, director of the Vienna Institute of Demography, says, his newest analysis still suggests a less-dire outcome. “Our most likely scenario comes out somewhat lower than the current United Nations projections,” and suggests population will peak at 9.4 billion around 2070 and start a slow decline to nine billion by the end of the century.

So Lutz at the Vienna Demography Institute calls a human population rising to 12 billion in 2100 a dire outcome. It would be dire if wars, food shortages, disease and climate change do not limit population ? Or if Africa does not see vastly increased usage of birth control ?



Birth rates are suppressed during big wars but studies show that there is an increase in birth rates after the war and population levels recover.


Birth rates and populations also bounce back after famines.

Bongaarts seems to be hoping or expecting permanent wars and famines.

Africa has more wars and famines than other places in the world. This is one of the reasons that the birth rates stay high. People are worried that they will lose children. So they have 5-6 kids hoping that 2-3 will survive. When survival rates are good then birth rates are low. A lot of wars and famine and hardship means that people will have more kids and not less and population will be higher. There would have to be a complete global collapse for the population to drop and stay down. Bongaarts underestimates what people can do.

Large scale fish farming and ocean management (iron fertilization of the ocean to boost fish).
Bongaarts does not realize that all of the CO2 emissions and climate effects are side effects of our civilization. This is happening without that as a goal. Of course the technology exists and can be developed for changing the climate and the oceans to what we want. It is about getting the most economic and efficient solutions.

Ocean Acidification can be mitigated

Climate change can be mitigated.

Correcting soot pollution is 20 times cheaper than fixing the CO2

The World can support one hundred billion living at western levels and expected improvements in agriculture, energy and water can easily handle 15-20 billion by 2100.


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No Independence for Scotland

BBC News has called the Scotland independence vote for the NO. The vote was 55% No and 45% Yes with 85% of the vote counted.


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Thursday, September 18, 2014

Iraq war 3

There will be about 1700 "coalition forces" in Iraq shortly. 1000 American special forces are already there. 600 Australians and 69 Canadians. The Kurds are being armed and Turkey is allowing the use of airbases for the air campaign. There are also US veterans who work with the private military contractors who are in the area (paid for by Iraq and others). CIA and other operatives are in the area.

Australia's elite special forces troops in Iraq will be gathering intelligence and targeting militants, either through ground operations or by directing air strikes, according to a senior defense force insider familiar with the SAS role. The claim runs counter to the impression being given by Prime Minister Tony Abbott, who continued to say on Wednesday that Australian forces would be "military advisers" to Iraqi and Peshmerga fighters and would "not themselves normally engage in actual combat".

Australia has a large anti-terrorism anti-ISIS raid right now that involves 800 policemen.

There are various cases made that the US should ignore ISIS in the middle east and not get back into Iraq and go in to Syria. Leave it Turkey and others in the region. 

Just looking at US politics shows why the US and other nations involvement is going to keep ramping up.
Obama has midterms coming up and needs to look less weak. 
He needs to out coalition build George Bush 1 and George Bush 2.
Iraq still has oil.
The Republicans (other than Rand Paul and some others) are pushing to regain what was won from Iraq War 2.

Nextbigfuture has made the case that after 13 years of war in Afghanistan and Iraq that there is the reasonable expectation that this will continue for many more years. The US needs to adopt a politically and economically sustainable foreign legion model. 




Militarily the US homeland is safe and the threat is limited

Small scale actions could be launched into the US.
However, the New York police department alone has 34500 uniformed officers and a budget of $4.8 billion. 
As we know from Ferguson, the police departments of the United States have a lot of fairly recent military equipment.

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Why it might have been reasonable for the Iraqi soldiers to desert rather than fight Isis and how a foreign legion could help solve it



 Before I made the case that a US foreign legion was apragmatic economic solution for the USA.

Consider now the position of a soldier in Iraqi army.

The final straw was the death of a friend, killed two weeks ago by a sniper’s bullet. The infantryman, Bashar al-Halbousi, deserted, making the same choice as hundreds of other soldiers in his battalion, he said.

“The state is weak,” Mr. Halbousi said. “This will be an endless battle.”

The militants came in waves, sending suicide bombers when their ammunition grew scarce. Mohamed said that eight of his friends had died and that he almost did, too, when a mortar shell struck his Humvee.

After months of grinding conflict against a resurgent militant movement, the Iraqi Army is having its power blunted by a rise in desertions, turning the tide of the war and fragmenting an institution, trained and funded by the United States, that some hoped would provide Iraqis a common sense of citizenship.

In interviews over several days, soldiers and army commanders said the desertions had become widespread, with thousands of men laying down their arms, gutting front-line units across the country. Before the troops dissolved in Mosul, the army was losing as many as 300 soldiers a day, between desertions, deaths and injuries, according to a security analyst who works with the Iraqi government.

Some soldiers said their families begged them to leave the service. One 25-year-old deserter said his mother was so terrified of the fighting that she burned his uniform every time he returned home on leave. Two months ago, he said she raised the stakes, threatening to kill herself if he returned to his unit.

Officers in the Iraqi army were purged of competent leaders and replaced with political cronies of Prime minister Malaki.
You cannot trust there would be a competent leadership and a sustained and resolved campaign to defeat the enemy completely.
The US pulled out years ago and now has stated they will not send soldiers to fight the enemy in Iraq and Syria.
The army could have Sunni sympathizers to Isis who would inform on your identity so you have to think about protecting your family from later reprisals.



If the USA had a dedicated commitment to a foreign legion

If the USA had a commitment to using a 150,000-500,000 strong foreign legion to keep the peace (pax americana) then how could this be different. This would also be different. If the soldiers knew that they were part of long term commitment to bringing peace, stability and prosperity to the region, they would have belief in the cause that were fighting and dieing.

In the french foreign legion, identities are often hidden. Everyone is Jean Paul. It can become tougher for someone to find out who or where your family is.

If there is a long term US commitment to complete victory then there is less concern about reprisals.

If there is faith in the competence and training of the officers then there is discipline and morale when the fighting gets tough.

The USA would have to ensure that there were competent trained officers.

The USA would have to make a lifelong commitment to foreign legionaires in terms of ability to earn pensions and health benefits even if salaries were in the $1500/month range.

The implicit contract would have to be -

have belief in the justness of the cause
dedicate yourselves to us
we will dedicate ourselves to you
we will try to keep you as safe as possible through consistent policy and strong leadership
you will help keep us safe
we will help keep your family safe

we will raise the necessary force to do what must be done
we will vet who is in here and keep it clear of traitors
trust your political leadership will be steady to the cause
trust your military leaders are competent

This 15 to 50 divisions would then have the morale and commitment and staying power to to grind out a multi-year war to clean out Syria and Iraq. They would also have the full backing and close air support of the US air force. They would thus know they were not have an equal ground fight. They could call in an air strike.



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Monday, September 8, 2014

China is driving production of graphene nanoplatelets and carbon nanotubes to the 1500-2000 ton per year level in 2016-2018

[EEtimes] China took the lead in carbon nanotube and graphene research and manufacturing, according to Lux Research, by adding to a global glut market, driving down prices, eroding margins, and likely causing an early shakeout in the fledgling industry. Lux forecasts that the global graphene nanoplatlet and carbon nanotube demand in 2018 stands at 1,520 tons and 2,016 tons, respectively. However, China alone will be enough to feed total global graphene nanoplatlet demand until 2016. The prices of graphene nanoplatlets and carbon nanotubes will continue to drop down once capacity and utilization climb, and the aggressive capacity expansion of Chinese companies will squeeze the profit margins of both nanomaterials. China is funding around $2 billion from 2011 to 2015.
"From 2013 to 2015, assuming both CNano and Timesnano execute on their announced expansion plans to add 500 tons per year and 100 tons per year, respectively, China will increase its share of global capacity from 30% to 50%," Ma tells EE Times. "Both CNano and Timesnano have a cost advantage, well-established customer networks, and continuous funding support. They should be considered as potential commercial partners in China." In graphene, China lags behind, but is working hard to catch up to the US. Ningbo Morsh had 300 tons per year of graphene platelet production in 2013 and has plans to expand to 1000 tons per year. If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks

International Energy Agency Global Renewable Energy Forecast to 2020

In 2013, global renewable electricity generation rose by a n estimated 240 terawatt hours (TWh) (+5.0% year-on-year) to reach nearly 5 070 TWh and accounted for almost 22% of total power generation. The expansion was somewhat slower than that predicted in the Medium-Term Renewable Energy Market Report 2013 (MTRMR 2013), largely due to lower-than-expected annual hydropower availability and slower-than-expected growth in bioenergy generation. However, the renewable capacity expansion was faster than that foreseen in MTRMR 2013, with larger-than-expected deployment of hydropower and solar PV. NOTE - This report includes big hydro power and biofuels (including ethanol) which are still the biggest part of renewable energy. By 2020 though Wind gets to be about 19% of the total renewable and wind will be near 50% of what nuclear energy generation will be. Overall, global renewable electricity generation is expected to reach 7,310 TWh in 2020, representing an annual growth rate of more than 5.4 percent. When compared to the MTRMR 2013 estimates, the IEA notes that the outlook for bioenergy and several other technologies is less optimistic. For that reason the renewable generation forecast for 2018 is 180 TWh lower than in last year’s outlook. In particular, an executive summary of the report points to a slower growth for bioenergy in China. Moving forward bioenergy capacity is expected to expand steadily in Brazil. It is also expected to increase in India and other parts of Asia. Global bioenergy capacity is expected to increase from 88 GW in 2013 to 133 GW in 2020. By 2020, the report predicts there will be 2,555 GW of renewable energy capacity globally. In addition to the 88 GW of bioenergy capacity, this includes 1,360 GW of hydropower capacity, 630 GW of wind capacity, 403 GW of solar PV, 11 GW of solar thermal, 16 GW of geothermal and 1 GW of ocean. Clean energy capacity investment will still rise to $1.61 trillion by 2020. But in its first global investment outlook, the agency predicted a $20 billion drop in yearly new clean energy funding by the decade’s end to $230 billion. The new 2018 estimation is for global renewable energy is 5,505 TWh, compared to last year’s estimate of 6,850 TWh. Growth forecasts were lowered for all renewables, except solar PV, which should benefit from technology cost declines and rapidly scaled-up deployment in non-OECD markets.
In transport, the IEA notes that global biofuels output must triple and advanced biofuels need to increase 22-fold to meet climate goals by 2025. However, policy support is declining due to the need for securing sustainable feedstock sources. The industry is currently in limbo, ahead of EU adoption of a proposal on indirect land use change (ILUC) that may cap conventional biofuels use.
The 2014 IEA world energy forecast including all energy sources.
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