M***@kymhorsell.com
2018-06-20 05:52:31 UTC
By 2050, will supply
87% of the electricity in Europe,
75% in India
62% in China
55% in the US,
<https://about.bnef.com/new-energy-outlook/#toc-download>
Highlights
1 "50 by 50"
Cheap renewable energy and batteries fundamentally reshape the
electricity system. Batteries boom means that half of the world's
electricity by 2050 will be generated from wind and solar.
2 PV, wind and batteries trifecta.
The cost of an average PV plant falls 71% by 2050. Wind energy is getting
cheaper too, and we expect it to drop 58% by 2050. PV and wind are already
cheaper than building new large-scale coal and gas plants. Batteries are
also dropping dramatically in cost. Cheap batteries enable wind and solar to
run when the wind isn't blowing and the sun isn't shining.
3 Coal is the biggest loser in this outlook.
Coal will shrink to just 11% of global electricity generation by 2050, from
38% currently.
4 Gas consumption for power generation increases only modestly out to 2050
despite growing capacity, as more and more gas-fired facilities are either
dedicated peakers or run at lower capacity factors helping to balance
variable renewables, rather than run flat-out around-the-clock. Gas use
declines dramatically in Europe, grows in China and picks up materially in
India beyond 2040.
5 Electric vehicles add around 3,461TWh of new electricity demand globally
by 2050, equal to 9% of total demand.
Time-of-use tariffs and dynamic charging further support renewables
integration: they allow vehicle owners to choose to charge during high-supply,
low-cost periods, and so help to shift demand to periods when cheap
renewables are running.
MORE:
<https://bnef.turtl.co/story/neo2018>
--
Oil hits seven-week low on China tariffs ahead of Opec meeting
David Sheppard, The Financial Times
Malaysia seeks to lay multiple charges against ex-PM over 1MDB scandal
ABC News, 19 Jun 2018 11:20Z
Mahathir Mohamad says embezzlement and bribery are among the charges that
Malaysia is looking to bring against the man he ousted as prime minister,
Najib Razak.
Al Jazeera Weather @AJEWeather 19 Jun 2018 13:22Z
`Red' warnings issued for torrential rain in southern Japan
Al Jazeera Weather @AJEWeather 19 Jun 2018 13:22Z
Torrential rain brings flooding to southern TX
NWS @NWS 19 Jun 2018 15:24Z
A good portion of the TX gulf coast will be under the threat for flash
flooding this week - with some areas already experiencing it. Just 6 inches
of fast-moving water can knock over an adult, and just 12 inches of rushing
water to carry away a car. weather.gov pic.twitter.com/AVfyS7ZvO3
<Loading Image...
>
US pulls out of UN Human Rights Council
ABC News, 19 Jun 2018 20:16Z
The United States withdraws from the United Nations Human Rights Council
accusing it of a "chronic bias against Israel", a move that activists warn
will make advancing human rights globally even more difficult.
We're living longer but getting sicker
ABC News, 19 Jun 2018 20:16Z
Australians are living longer but half of us have a chronic health condition
which impacts our quality of life, a report finds.
Why Trump's Trade War With China Is So Risky
TIME, 19 Jun 2018 16:24Z
President Donald Trump's looming trade war with China ratcheted up so
quickly you might have missed it. Over the weekend, Trump engaged ...
China Has a Nuclear Option in the Trade War
Bloomberg, 19 Jun 2018 21:25Z
Today the US is blustering into a different kind of war, a trade war with
China, and it's not clear it has the right weapons for this one, either.
Dow Jones wipes out all of its 2018 gains as trade tensions rattle
global markets
BREAKING NEWS: The United States announces it is withdrawing from the UN
Human Rights Council
ABC News, 19 Jun 2018 22:02Z
Global markets fell overnight after an escalation in trade tensions between
the US and China, with the Dow Jones dropping back below where it started
the year.
Markets at 7:00am (AEST):
ASX SPI 200 futures +0.5pc to 6,138, ASX 200 (Tue's close) flat at 6,102
AUD: 73.82 US cents, 56.03 British pence, 63.7 Euro cents,
81.23 Japanese yen, $NZ1.07
US: Dow Jones -1.15pc at 24,700, S&P 500 -0.4pc at 2,762,
Nasdaq -0.3pc at 7,725
Europe: FTSE -0.4pc at 7,603, DAX -1.2pc at 12,677,
Euro Stoxx 50 -0.5pc at 3,048
Commodities: Brent crude -0.4pc at $US75.02/barrel,
spot gold -0.3pc at $US1,274.32/ounce, iron ore -0.4pc to $US65/tonne
[Following a series of national outages and a crashing stock price...]
Telstra to slash 8,000 jobs
ABC News, 20 Jun 2018 8:10am
Thousands of Telstra employees are facing job losses, as the company
announces an overhaul.
The telco says 8,000 employees and contractors positions will be cut.
Telstra (ASX:TLS) share price slumps lower as telco slashes FY19 ...
The Capital Club, 20 Jun 2018 00:12Z
The Telstra Corporation Ltd (ASX:TLS) share price has fallen 14 cents or 4.8
per cent to $2.77 after announcing a new strategy to simplify its products,
improve ...
Lowy Institute Poll 2018
<https://www.lowyinstitute.org/publications/2018-lowy-institute-poll#sec35126>
Trust in countries and confidence in their leaders
A bare majority of Australians (55%) say they trust the United States to
`act responsibly in the world', in a six-point fall since 2017, a 28-point
fall since 2011, and the lowest level of trust in the United States ever
recorded in our polling.
Australians' highest level of trust among the 8 nations polled is placed
in the United Kingdom (trusted by 90%). Japan is trusted by 87% of
Australians, and France by 84%. Trust in India (59%) is ahead of the United
States (55%), followed closely by China (52%). Just 28% trust Russia, and 8%
trust North Korea.
Only 30% of Australians have either `a lot' or `some' confidence in Donald
Trump `to do the right thing regarding world affairs'. This places Trump
ahead of only Russia's Vladimir Putin (19%) and North Korean leader Kim
Jong-un (5%) among the 9 leaders ranked.The leaders Australians regard
with the most confidence are the UK's Theresa May (68%) and Japan's Shinzo
Abe (66%). Next is Malcolm Turnbull (63%), and France's Emmanuel Macron has
the confidence of 61%. Eighteen points behind is China's Xi Jinping (43%),
followed by India's Narendra Modi (37%).
'We are creating a new Telstra': 8,000 jobs slashed but shares slammed
ABC News, 20 Jun 2018
Telstra says 8,000 employee and contractor positions will be cut as it
targets $2.5 bn in cost cutting by 2022, but investors aren't impressed
by falling profits, sending the company's shares down 7 per cent.
[The biggest announced layoff in Aus corporate history].
Assaad Razzouk @AssaadRazzouk 20 Jun 2018 01:42Z
By 2050, #renewables will supply 87% of the electricity in Europe, 55% in
the US, 62% in China and 75% in India buff.ly/2K3cxPe #climate
pic.twitter.com/26zzUjmrdv
<Loading Image...
>
'Giant water battery' gets go ahead with $500m loan
ABC News, 20 Jun 2018 04:20Z
A solar farm in far north Queensland will receive a $500 mn loan to
build and integrate a pumped hydro storage facility to provide "reliable
energy" to the country at peak demand.
87% of the electricity in Europe,
75% in India
62% in China
55% in the US,
<https://about.bnef.com/new-energy-outlook/#toc-download>
Highlights
1 "50 by 50"
Cheap renewable energy and batteries fundamentally reshape the
electricity system. Batteries boom means that half of the world's
electricity by 2050 will be generated from wind and solar.
2 PV, wind and batteries trifecta.
The cost of an average PV plant falls 71% by 2050. Wind energy is getting
cheaper too, and we expect it to drop 58% by 2050. PV and wind are already
cheaper than building new large-scale coal and gas plants. Batteries are
also dropping dramatically in cost. Cheap batteries enable wind and solar to
run when the wind isn't blowing and the sun isn't shining.
3 Coal is the biggest loser in this outlook.
Coal will shrink to just 11% of global electricity generation by 2050, from
38% currently.
4 Gas consumption for power generation increases only modestly out to 2050
despite growing capacity, as more and more gas-fired facilities are either
dedicated peakers or run at lower capacity factors helping to balance
variable renewables, rather than run flat-out around-the-clock. Gas use
declines dramatically in Europe, grows in China and picks up materially in
India beyond 2040.
5 Electric vehicles add around 3,461TWh of new electricity demand globally
by 2050, equal to 9% of total demand.
Time-of-use tariffs and dynamic charging further support renewables
integration: they allow vehicle owners to choose to charge during high-supply,
low-cost periods, and so help to shift demand to periods when cheap
renewables are running.
MORE:
<https://bnef.turtl.co/story/neo2018>
--
Oil hits seven-week low on China tariffs ahead of Opec meeting
David Sheppard, The Financial Times
Malaysia seeks to lay multiple charges against ex-PM over 1MDB scandal
ABC News, 19 Jun 2018 11:20Z
Mahathir Mohamad says embezzlement and bribery are among the charges that
Malaysia is looking to bring against the man he ousted as prime minister,
Najib Razak.
Al Jazeera Weather @AJEWeather 19 Jun 2018 13:22Z
`Red' warnings issued for torrential rain in southern Japan
Al Jazeera Weather @AJEWeather 19 Jun 2018 13:22Z
Torrential rain brings flooding to southern TX
NWS @NWS 19 Jun 2018 15:24Z
A good portion of the TX gulf coast will be under the threat for flash
flooding this week - with some areas already experiencing it. Just 6 inches
of fast-moving water can knock over an adult, and just 12 inches of rushing
water to carry away a car. weather.gov pic.twitter.com/AVfyS7ZvO3
<Loading Image...
>US pulls out of UN Human Rights Council
ABC News, 19 Jun 2018 20:16Z
The United States withdraws from the United Nations Human Rights Council
accusing it of a "chronic bias against Israel", a move that activists warn
will make advancing human rights globally even more difficult.
We're living longer but getting sicker
ABC News, 19 Jun 2018 20:16Z
Australians are living longer but half of us have a chronic health condition
which impacts our quality of life, a report finds.
Why Trump's Trade War With China Is So Risky
TIME, 19 Jun 2018 16:24Z
President Donald Trump's looming trade war with China ratcheted up so
quickly you might have missed it. Over the weekend, Trump engaged ...
China Has a Nuclear Option in the Trade War
Bloomberg, 19 Jun 2018 21:25Z
Today the US is blustering into a different kind of war, a trade war with
China, and it's not clear it has the right weapons for this one, either.
Dow Jones wipes out all of its 2018 gains as trade tensions rattle
global markets
BREAKING NEWS: The United States announces it is withdrawing from the UN
Human Rights Council
ABC News, 19 Jun 2018 22:02Z
Global markets fell overnight after an escalation in trade tensions between
the US and China, with the Dow Jones dropping back below where it started
the year.
Markets at 7:00am (AEST):
ASX SPI 200 futures +0.5pc to 6,138, ASX 200 (Tue's close) flat at 6,102
AUD: 73.82 US cents, 56.03 British pence, 63.7 Euro cents,
81.23 Japanese yen, $NZ1.07
US: Dow Jones -1.15pc at 24,700, S&P 500 -0.4pc at 2,762,
Nasdaq -0.3pc at 7,725
Europe: FTSE -0.4pc at 7,603, DAX -1.2pc at 12,677,
Euro Stoxx 50 -0.5pc at 3,048
Commodities: Brent crude -0.4pc at $US75.02/barrel,
spot gold -0.3pc at $US1,274.32/ounce, iron ore -0.4pc to $US65/tonne
[Following a series of national outages and a crashing stock price...]
Telstra to slash 8,000 jobs
ABC News, 20 Jun 2018 8:10am
Thousands of Telstra employees are facing job losses, as the company
announces an overhaul.
The telco says 8,000 employees and contractors positions will be cut.
Telstra (ASX:TLS) share price slumps lower as telco slashes FY19 ...
The Capital Club, 20 Jun 2018 00:12Z
The Telstra Corporation Ltd (ASX:TLS) share price has fallen 14 cents or 4.8
per cent to $2.77 after announcing a new strategy to simplify its products,
improve ...
Lowy Institute Poll 2018
<https://www.lowyinstitute.org/publications/2018-lowy-institute-poll#sec35126>
Trust in countries and confidence in their leaders
A bare majority of Australians (55%) say they trust the United States to
`act responsibly in the world', in a six-point fall since 2017, a 28-point
fall since 2011, and the lowest level of trust in the United States ever
recorded in our polling.
Australians' highest level of trust among the 8 nations polled is placed
in the United Kingdom (trusted by 90%). Japan is trusted by 87% of
Australians, and France by 84%. Trust in India (59%) is ahead of the United
States (55%), followed closely by China (52%). Just 28% trust Russia, and 8%
trust North Korea.
Only 30% of Australians have either `a lot' or `some' confidence in Donald
Trump `to do the right thing regarding world affairs'. This places Trump
ahead of only Russia's Vladimir Putin (19%) and North Korean leader Kim
Jong-un (5%) among the 9 leaders ranked.The leaders Australians regard
with the most confidence are the UK's Theresa May (68%) and Japan's Shinzo
Abe (66%). Next is Malcolm Turnbull (63%), and France's Emmanuel Macron has
the confidence of 61%. Eighteen points behind is China's Xi Jinping (43%),
followed by India's Narendra Modi (37%).
'We are creating a new Telstra': 8,000 jobs slashed but shares slammed
ABC News, 20 Jun 2018
Telstra says 8,000 employee and contractor positions will be cut as it
targets $2.5 bn in cost cutting by 2022, but investors aren't impressed
by falling profits, sending the company's shares down 7 per cent.
[The biggest announced layoff in Aus corporate history].
Assaad Razzouk @AssaadRazzouk 20 Jun 2018 01:42Z
By 2050, #renewables will supply 87% of the electricity in Europe, 55% in
the US, 62% in China and 75% in India buff.ly/2K3cxPe #climate
pic.twitter.com/26zzUjmrdv
<Loading Image...
>'Giant water battery' gets go ahead with $500m loan
ABC News, 20 Jun 2018 04:20Z
A solar farm in far north Queensland will receive a $500 mn loan to
build and integrate a pumped hydro storage facility to provide "reliable
energy" to the country at peak demand.