14th March 2017
Renewables are now Australia's cheapest energy option
A major new report claims that renewable energy is now Australia's cheapest energy option, even when the cost of storage to make the intermittent power sources reliable is added.
A major new study into the cost of emissions reductions and energy storage in the Australian power sector indicates that the rising price of gas, coupled with the falling cost of energy storage, has now made renewable energy the cheapest source of "reliable" generation in Australia – surpassing gas as the 'least cost' source of energy supply – even if the Sun is not shining and the wind not blowing.
The study also shows that "clean coal" technologies such as Carbon Capture and Storage (CCS) will not be commercially mature before 2030 – and will therefore not help Australia to meet its 2030 emissions reduction target under the Paris Agreement.
The study, by energy and carbon advisory firm RepuTex, is expected to re-shape thinking on the role of renewable energy in providing affordable, clean, and reliable energy as Australia seeks to meet its 2030 emissions reduction target – referred to as the "energy trilemma".
RepuTex analysis, supported by extensive consultation with over 45 electricity generators, industrial and commercial consumers and investors, identifies emissions reduction activities in the power sector – such as retrofitting existing coal-fired plants, developing new wind, solar, gas and "clean coal" generation – with analysis mapping the size and cost of abatement through to 2030.
Their analysis also calculates the "full cost" for renewables to supply "reliable" power – including the cost of batteries, pumped hydro, or thermal storage – to determine which technologies can supply electricity at least cost, while improving security.
According to RepuTex, advancements in the cost of energy storage technology, coupled with significant rises in the domestic gas price, have now made wind and solar – with storage – competitive with gas in providing system reliability in the form of instantaneous peaking or load-following generation.
This means new renewable facilities, with storage, are the least cost source of firm power, and able to provide energy supply even if the Sun is not shining, or the wind not blowing.
"Traditionally, gas-fired generators have been the least cost technology that could provide energy security, such as load-following and peaking services," explained Bret Harper, head of research at RepuTex. "However, the rising price of gas has increased the levelised cost of any new gas build in Australia. At the same time, the decline in capital costs for new wind and solar projects, and improvements in storage performance, have seen renewable project costs fall. When we consider the 'full cost' of renewables to supply dispatchable power – including storage costs to ensure supply even when the wind is not blowing or the Sun not shining – we find that renewables have overtaken gas as the least cost source of new firm supply," he said.
The analysis is significant for the federal debate on energy security, with findings indicating that load-following wind and solar may now be able to strengthen the grid – overcoming intermittency concerns – while strengthening the claims of state governments in South Australia, Queensland and Victoria as they seek to cash in on new renewable investment.
"As older coal and gas-fired generation leave the market, new dispatchable renewables will be able to provide energy during daily peaks, adjust as demand changes throughout the day, or provide reserve peaking generation capacity to alleviate critical situations such as those in South Australia and New South Wales," said Harper. "Moreover, they can now provide that service at 'least cost', surpassing gas. Our view is that this will create a decreasing need for baseload-only facilities, with potential for states to rely on new storage technologies to provide affordable, clean, and secure energy, while improving system reliability."
Yallourn coal-fired power plant in Victoria, Australia
Notably, the study also shows that "clean coal" technologies such as Carbon Capture and Storage (CCS) will not be commercially mature before 2030 – and will therefore not help Australia to meet its 2030 emissions reduction target under the Paris Agreement.
Findings indicate that four groups of measures have potential to deliver the vast majority of the power sector's emissions reductions by 2030, including distributed generation, the closure of emissions intensive generators, improving the greenhouse gas intensity of existing fossil fuel plants, and investing in renewables and energy storage.
However, while analysis shows there are many opportunities for emissions reductions in the sector, "clean coal" technology is not among the cheapest.
"While clean coal is promoted as a critical emissions reduction technology, findings indicate that cost will be a major barrier to the implementation of a commercial scale project in Australia," said Mr Harper. "We see costs for CCS coming down as low as $100/MWh around 2030, at which point a large-scale project may be feasible if there is any appetite for a baseload-only generator. On that timeline, we assume CCS will play little role to meet Australia's 2030 emissions reduction target."
"Moreover, with a premium placed on flexible generation that can ramp up or down, we see baseload-only generation as being too inflexible to compete in Australia's future electricity system. That is not good news for coal generation, irrespective of how clean it is," said Mr Harper.
The study is expected to provide a new reference point for the cost of emissions reductions, and energy storage technologies, as policymakers seek to solve the "energy trilemma" of providing affordable and reliable energy supply, while meeting Australia's 2030 emissions target. RepuTex notes that a clear market signal is needed to guide investment toward a long-term target well beyond 2030, to better match the investment timeframes of the sector.
"To determine a cost-effective pathway, Australia needs to define its long-term target to better match investment decisions that have lifetimes of 20 to 40 years" said Mr Harper. "Are we aiming for a 26 per cent target by 2030, or 100 per cent clean energy by 2050? Each of those targets have different least-cost pathways, but the same investment timeframe. Identifying a long-term target, with a clear signal on the rate and pace of change, will therefore help to guide the correct investment in the sector."
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17th February 2017
U.S. solar installations grew by 95% in 2016
Annual solar PV installations in the U.S. nearly doubled last year – growing from 7,492 megawatts to 14,626 megawatts.
This new record-breaking figure is revealed by GTM Research and the Solar Energy Industries Association (SEIA) in advance of their upcoming U.S. Solar Market Insight report, due for release on 9th March.
In addition, solar power set another record by achieving the greatest share of capacity additions for the first time ever in the U.S. It accounted for 39% of new installations among all energy types in 2016, ahead of natural gas (29%) and wind (26%). As shown on the graph below, this is almost a ten-fold improvement on its 2010 share of 4%.
“What these numbers tell you is that the solar industry is a force to be reckoned with,” said Abigail Hopper, SEIA’s president. “Solar's economically winning hand is generating strong growth across all market segments nationwide, leading to more than 260,000 Americans now employed in solar.”
"In a banner year for U.S. solar, a record 22 states each added more than 100 megawatts," said Cory Honeyman, GTM Research's associate director of U.S. solar. "While U.S. solar grew across all segments, what stands out is the double-digit-gigawatt boom in utility-scale solar, primarily due to solar's cost-competitiveness with natural gas alternatives."
The U.S. now has more than 1.3 million solar PV installations, with a cumulative capacity of over 40 gigawatts.
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9th February 2017
World economy predicted to double in size by 2042
A new report by PricewaterhouseCoopers (PwC) forecasts the global economic changes between now and 2050.
The long-term power shift away from the established advanced economies is set to continue over the period to 2050, as emerging market countries boost their share of world GDP in future decades, despite recent mixed performance in some of these economies.
This is one of the key findings from the latest report by PwC economists, The long view: how will the global economic order change by 2050? This presents forecasts of GDP growth up to 2050 for 32 of the largest economies in the world, which together account for 85% of global GDP. The projections are based on an update of a detailed, long-term, global growth model, first developed by PwC in 2006.
PwC predicts that the world economy will double in size by 2042, growing at an average real rate of 2.5% annually from 2017 to 2050. This growth will be driven largely by emerging market and developing countries, with the E7 economies of Brazil, China, India, Indonesia, Mexico, Russia and Turkey growing at an annual average rate of 3.5% over the next 33 years, compared to only 1.6% for the advanced G7 nations of Canada, France, Germany, Italy, Japan, the UK and the US.
As shown in Figure 1, the E7 could comprise almost 50% of world GDP by 2050, while the G7's share declines to only just over 20%.
When looking at GDP measured at market exchange rates (MER), there is not quite such a radical shift in global economic power. But China still emerges as the largest economy in the world before 2030 and India is still clearly the third largest in the world by 2050.
But the spotlight will certainly be on the newer emerging markets as they take centre stage. By 2050, Indonesia and Mexico are projected to be larger than Japan, Germany, the UK or France, while Turkey could overtake Italy. In terms of growth, Vietnam, India and Bangladesh could be the fastest growing economies over the period to 2050, averaging growth of around 5% per year.
Nigeria has the potential to move eight places up the GDP rankings to 14th by 2050, but it will only realise this potential if it can diversify its economy away from oil and strengthen its institutions and infrastructure.
Colombia and Poland also exhibit great potential, and are projected to be the fastest growing large economies in their respective regions, Latin America and the EU (though Turkey is projected to grow faster if we consider a wider definition of Europe).
"Growth in many emerging economies will be supported by relatively fast-growing populations, boosting domestic demand and the size of the workforce," comments John Hawksworth, PwC Chief Economist and co-author of the report. "This will need, however, to be complemented with investments in education and improvement in macroeconomic fundamentals to ensure there are sufficient jobs for the growing number of young people in these countries."
One piece of good news for today's advanced economies is that they will continue to enjoy higher average incomes. With the possible exception of Italy, all of the G7 continue to sit above the E7 in the rankings of GDP per capita in 2050. Emerging markets will close this gap gradually over time, but full convergence of income levels across the world is likely to take until well beyond 2050.
China achieves a middling average income level by 2050, while India remains in the lower half of the income range given its starting point, despite relative high projected growth over time. This illustrates that while strong population growth can be a key driver of total GDP growth, it will take much longer to eliminate differences in average income levels.
"Average income gaps between countries will reduce over time, but this process will still be far from complete by 2050," explains Hawksworth. "In 2016, US GDP per capita was almost four times that of China's and almost nine times that of India's. By 2050, these gaps are projected to narrow so that average US income levels may be around double China's and around three times India's – but it is also possible that income inequality within countries will continue to rise, driven in particular by technological change that favours higher skilled workers and the owners of capital."
PwC expects global economic growth to average 3.5% per annum over the years to 2020, slowing to around 2.7% in the 2020s, 2.5% in the 2030s, and 2.4% in the 2040s. This will occur as many advanced economies (and eventually also some emerging markets like China) experience a marked decline in their working-age populations. At the same time, emerging market growth rates will moderate as these economies mature and the scope for rapid catch-up growth declines. These effects are projected to outweigh the impact of emerging economies having a progressively higher weight in world GDP, which would otherwise tend to boost average global growth.
Beijing skyline at night. Credit: Lu Jinrong
To realise their potential, emerging economies must undertake sustained and effective investment in education, infrastructure and technology. The fall in oil prices from mid-2014 to early 2016 highlighted the importance of more diversified emerging economies for long-term sustainable growth. Underlying all of this is the need to develop the political, economic, legal and social institutions within emerging economies to generate incentives for innovation and entrepreneurship, creating secure and stable economies in which to do business.
Hawksworth continues: "Policymakers across the world face a number of challenges if they are to achieve sustainable long-term economic growth of the kind we project in this report. Structural developments – such as aging populations and climate change – require forward-thinking policy which equips the workforce to continue to make societal contributions later on in life and promotes low carbon technologies.
"Falling global trade growth, rising income inequality within many countries and increasing global geopolitical uncertainties are intensifying the need to create diversified economies which create opportunities for everyone in a broad variety of industries."
Emerging market development will create many opportunities for business. These will arise as these economies progress into new industries, open up to world markets and as their relatively youthful populations get richer. They will become more desirable places to work and live, attracting new investment and talent.
Emerging economies are rapidly evolving and often relatively volatile, however, so companies will need operating strategies that have the right mix of flexibility and patience to succeed in these markets. Case studies in the PwC report illustrate how businesses should be prepared to adjust their brand and market positions to suit differing and often more nuanced local preferences. An in-depth understanding of the local market and consumers will be crucial, which will often involve working with local partners.
John Hawksworth concludes: "Businesses need to be patient enough to ride out the short-term economic and political storms that will inevitably occur from time to time in these emerging markets as they move towards maturity. But the numbers in our report make clear that failure to engage with these emerging markets means missing out on the bulk of the economic growth we expect to see in the world economy between now and 2050."
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31st January 2017
Cafe X Technologies launches robotic cafe
Cafe X Technologies, a new startup based in San Francisco, yesterday opened its first robotic cafe in the U.S. By combining machine learning and robotics, it aims to eliminate the variabilities that bog down today’s coffee experience.
Credit: Cafe X Technologies
Cafe X Technologies, in partnership with WMF (a leading international maker of coffee machines), has developed a fully automated robotic cafe that integrates hardware and software to blend the functionality of baristas with specialty coffee preparation methods. Cafe X sets itself apart by removing the on-site wait time, the potential for preparation error, and other unexpected variability – which it claims will set a new standard for automation technology and the specialty coffee service industry.
“I’ve long been a big coffee consumer and there’s never a guaranteed seamless experience,” says founder and CEO, 23-year-old Henry Hu. “In today’s world, you have two options for getting a cup of coffee: you’re either in and out with something subpar or you’re waiting in a 15-minute line for a great cappuccino. I started Cafe X to eliminate that inherent compromise and give people access to a tasty cup of coffee consistently and conveniently.”
Customers can order customised espresso-based beverages on the spot at the ordering kiosk, or they can download the Cafe X app onto their mobile device to order in advance. Once the beverage is ready, they use touch screens on the cafe to type in a 4-digit order number which is either sent via text message or displayed on the Cafe X mobile app for iOS and Android. The Mitsubishi robot arm will then identify the customer’s drink from the waiting stations and deliver it to them within seconds.
Credit: Cafe X Technologies
The machine is very fast – capable of preparing up to 120 drinks per hour, depending on the complexity of the orders. Customers can choose the brand of beans and customise the amount of milk and flavours used.
“This won’t replace baristas, or the coffee shop experience that so many people have come to love – we don’t aim to do that,” says Hu. “What we’re offering is the best possible experience for people who are looking for consistent specialty coffee to-go.”
Cafe X has formed unique partnerships with local roasters to source specific premium ingredients and create unique drinks which are programed into the automated coffee systems. The menu prices start at $2.25 for an 8 oz cup and will vary depending on the customer’s coffee bean selection which includes single origin options.
“There’s an entire segment of the consumer population that’s not buying coffee because it doesn’t fit into their present moment,” says John Laird, CEO of AKA Roasters. “We’re truly excited to partner with the Cafe X team to expand to those customers we might not otherwise reach.”
This machine has been installed at San Francisco's Metreon shopping centre. Hu is now in talks with a number of San Francisco-based tech companies to install Cafe X kiosks in their offices.
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26th January 2017
Doomsday Clock moves closer to midnight
The Bulletin of the Atomic Scientists has moved the hands of the iconic "Doomsday Clock" forwards by 30 seconds.
The Doomsday Clock is now at two and a half minutes to midnight, having previously been at three minutes to midnight. Normally when changes occur, the hands are moved forwards or backwards in increments of a minute. But today, for the first time in the 70-year history of the clock, the Bulletin of the Atomic Scientists' Science and Security Board has moved the hands 30 seconds closer to midnight. In another first, the Board has decided to act, in part, based on the words of a single person: Donald Trump, the new President of the United States.
The decision to move the hands of the clock is made in consultation with the Bulletin's Board of Sponsors, which include 15 Nobel Laureates. The Science and Security Board's full statement about the Clock is available online.
In January 2016, the Doomsday Clock's minute hand did not change, remaining at three minutes before midnight. The Clock was changed in 2015 from five to three minutes to midnight, the closest it had been since the arms race of the 1980s.
In a statement today, the Bulletin's Science and Security Board notes: "Over the course of 2016, the global security landscape darkened as the international community failed to come effectively to grips with humanity's most pressing existential threats — nuclear weapons and climate change... This already-threatening world situation was the backdrop for a rise in strident nationalism worldwide in 2016, including in a US presidential campaign during which the eventual victor, Donald Trump, made disturbing comments about the use and proliferation of nuclear weapons and expressed disbelief in the overwhelming scientific consensus on climate change. The board's decision to move the clock less than a full minute — something it has never before done — reflects a simple reality: As this statement is issued, Donald Trump has been the US president only a matter of days..."
The statement continues: "Just the same, words matter, and President Trump has had plenty to say over the last year. Both his statements and his actions as President-elect have broken with historical precedent in unsettling ways. He has made ill-considered comments about expanding the US nuclear arsenal. He has shown a troubling propensity to discount or outright reject expert advice related to international security, including the conclusions of intelligence experts. And his nominees to head the Energy Department, and the Environmental Protection Agency dispute the basics of climate science. In short, even though he has just now taken office, the president's intemperate statements, lack of openness to expert advice, and questionable cabinet nominations have already made a bad international security situation worse."
In addition to addressing the statements made by President Trump, the Board also expressed concern about the greater global context of nuclear and climate issues: "The United States and Russia—which together possess more than 90 percent of the world's nuclear weapons—remained at odds in a variety of theatres, from Syria to Ukraine to the borders of NATO; both countries continued wide-ranging modernisations of their nuclear forces, and serious arms control negotiations were nowhere to be seen. North Korea conducted its fourth and fifth underground nuclear tests and gave every indication it would continue to develop nuclear weapons delivery capabilities. Threats of nuclear warfare hung in the background as Pakistan and India faced each other warily across the Line of Control in Kashmir after militants attacked two Indian army bases."
In surveying the status of climate matters, the Board concluded: "The climate change outlook was somewhat less dismal (in 2016) —but only somewhat. In the wake of the landmark Paris climate accord, the nations of the world have taken some actions to combat climate change, and global carbon dioxide emissions were essentially flat in 2016, compared to the previous year. Still, they have not yet started to decrease; the world continues to warm. Keeping future temperatures at less-than-catastrophic levels requires reductions in greenhouse gas emissions far beyond those agreed to in Paris—yet little appetite for additional cuts was in evidence at the November climate conference in Marrakech."
Rachel Bronson, executive director and publisher, Bulletin of the Atomic Scientists, said: "As we marked the 70th anniversary of the Doomsday Clock, this year's Clock deliberations felt more urgent than usual. In addition to the existential threats posed by nuclear weapons and climate change, new global realities emerged, as trusted sources of information came under attack, fake news was on the rise, and words were used by a President-elect of the United States in cavalier and often reckless ways to address the twin threats of nuclear weapons and climate change."
Lawrence Krauss, the Bulletin Board of Sponsors chair, said: "Wise men and women have said that public policy is never made in the absence of politics. But in this unusual political year, we offer a corollary: Good policy takes account of politics, but is never made in the absence of expertise. Facts are indeed stubborn things, and they must be taken into account if the future of humanity is to be preserved, long term. Nuclear weapons and climate change are precisely the sort of complex existential threats that cannot be properly managed without access to and reliance on expert knowledge. In 2016, world leaders not only failed to deal adequately with those threats; they actually increased the risk of nuclear war and unchecked climate change through a variety of provocative statements and actions, including careless rhetoric about the use of nuclear weapons and the wanton defiance of scientific evidence. To step further back from the brink will require leaders of vision and restraint. President Trump and President Putin can choose to act together as statesmen, or as petulant children, risking our future. We call upon all people to speak out and send a loud message to your leaders so that they do not needlessly threaten your future, and the future of your children."
Retired Rear Admiral David Titley, Bulletin Science and Security Board, said: "Climate change should not be a partisan issue. The well-established physics of Earth's carbon cycle is neither liberal nor conservative in character. The planet will continue to warm to ultimately dangerous levels so long as carbon dioxide continues to be pumped into the atmosphere— irrespective of political leadership. The current political situation in the United States is of particular concern. The Trump administration needs to state clearly and unequivocally that it accepts climate change, caused by human activity, as reality. No problem can be solved unless its existence is first recognised. There are no 'alternative facts' here."
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16th January 2017
Eight people own same wealth as half the world
A pre-Davos report from Oxfam shows that the gap between the world's richest and poorest is even greater than feared.
Eight billionaires own the same wealth as the 3.6 billion people who form the poorest half of the world's population, reveals an Oxfam report published today as global political and business elites gather in Davos for their annual meeting.
An Economy for the 99 Percent shows that the gap between rich and poor is far greater than had been feared. New and better data on the distribution of global wealth – particularly in India and China – indicates that the poorest half of the world has even less wealth than previously thought. If this data had been available last year it would have shown that nine billionaires then owned the same wealth as the planet's poorest half, rather than 62 as Oxfam calculated at the time.
Oxfam's new report shows that in 2015 the richest one percent retained their share of global wealth and still own more than the other 99 percent combined. This concentration of wealth at the top is holding back the fight to end global poverty.
The report describes how the inequality crisis is being fuelled by companies whose business models are increasingly focused on delivering ever-higher returns to wealthy owners and top executives. Companies are structured to dodge taxes, drive down workers' wages and squeeze producers instead of fairly contributing to an economy that benefits everyone. The key theme of this year's World Economic Forum is responsive and responsible leadership.
Oxfam is calling for a fundamental change in the way we manage our economies so that they work for everyone, not just a privileged few. The report is published amid increasing concerns about the economic status quo, with the Bank of England's Chief Economist warning recently that a 'rebirth of economics' is needed to replace out-dated models.
Mark Goldring, Oxfam GB Chief Executive, said: "This year's snapshot of inequality is clearer, more accurate and more shocking than ever before. It is beyond grotesque that a group of men who could fit in a single golf buggy own more than the poorest half of humanity.
"While one in nine people on the planet will go to bed hungry tonight, a small handful of billionaires have so much wealth they would need several lifetimes to spend it. The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become.
"Inequality is not only keeping millions of people trapped in poverty, it is fracturing our societies and poisoning our politics. It's just not right that top executives take home massive bonuses while workers' wages are stagnating, or that multinationals and millionaires dodge taxes while public services are being cut."
The Bitexco Financial Tower, framed by high rise flats and poor housing along the Saigon River in Ho Chi Minh. Vietnam has a strong record of poverty reduction, but today, increasing inequality is threatening decades of progress. Vietnam's 210 super-rich earn more than enough in one year to lift 3.2 million people out of poverty and end extreme poverty in the country. Credit: Eleanor Farmer/Oxfam
While the number of people living in extreme poverty has decreased in recent decades, 700 million more people could have escaped poverty if action had been taken to reduce the gap between rich and poor. Experts including the World Bank and the International Monetary Fund warn that further progress is under threat because of inequality.
Oxfam's report describes how life for the world's poorest people remains brutally hard. Between 1988 and 2011 the incomes of the poorest 10 percent increased by just $65, while the incomes of the richest 1 percent grew by $11,800 – 182 times as much. On current trends, the world's first trillionaire is likely to emerge by 2039.
The poorest are the biggest losers of our distorted global economy, especially women who tend to labour in the worst-paid jobs and take on the lion's share of unpaid care work. On current trends, it will take 170 years for women to be paid the same as men.
Economic inequality has shot up the global political agenda in recent years, with President Obama and the IMF among those who have cited Oxfam's work on the issue. Inequality and a feeling among many people of being excluded from the benefits of global growth have also been cited as driving political upheaval from Brexit to the elections of Rodrigo Duterte and Donald Trump in the Philippines and US.
Oxfam is calling for a more "human" economy where markets – a vital engine for prosperity – are better managed in order to ensure no one is left out or denied basic rights such as decent work, healthcare and education.
Key features of this fairer economy would include:
• improved cooperation between governments to prevent tax dodging that costs poor countries at least $100 billion every year;
• Government action to encourage companies to act for the benefit of their workforces and wider society as well as their executives and shareholders;
• taxes on wealth to generate funds for healthcare, education and job creation;
• action to tackle the barriers that hold back women including lack of education opportunities and the burden of unpaid care work.
Oxfam is calling on business leaders to play their part in creating a more human economy by committing to pay both a living wage and their fair share of tax. The report highlights progressive business practices such as Spanish multinational Mondragon – owned by its 74,000-strong workforce – which structures pay to ensure the highest-paid employee earns no more than nine times the lowest.
In the UK, out-of-control pay ratios means that the average pay of FTSE100 chief executives is 129 times that of the average employee – and equivalent to the earnings of 10,000 people working in garment factories in Bangladesh.
Investors' share of UK corporate profits has soared to 70 percent from 10 percent in the 1970s, meaning that less is being re-invested in workers and the long-term health of the business. Meanwhile, pension funds' holdings of UK shares have plummeted from 30 percent 30 years ago to just three percent today.
Goldring added: "Extreme inequality isn't inevitable – with the right policies, world leaders can rebalance our broken economies so they work for all of us and bring the end of poverty closer. We need a new common-sense approach that ensures a fair deal for workers and producers; requires those who can afford it to pay their fair share of tax; and ensures that women get a fair chance to realise their potential."
"Oxfam welcomes the Prime Minister's pledge to tackle inequality in the UK – we'd like to see her make a similar commitment on the global stage. Standing up to powerful interests and corporate bad behaviour won't be easy, but is vital if we're to ensure a better future for people at home and around the world."
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12th January 2017
Anglo-Indian firm launches groundbreaking new carbon capture and utilisation plant
An Anglo-Indian company has developed a way of making useful products from CO2 captured at just $30 per tonne. The project will allow over 60,000 tonnes of CO2 to be captured and re-used each year.
Credit: Carbon Clean Solutions Limited (CCSL)
Anglo-Indian energy and chemical firm, Carbon Clean Solutions Limited (CCSL) – a leader in CO2 separation technology – has announced the launch of a new project that will see more than 60,000 tonnes of CO2 captured from a 10 megawatt coal-fired power station near Chennai, India. Post-start up, the power station is set to become a zero-emission plant.
This groundbreaking project, believed to be the first of its kind, is privately financed and will capture CO2 at just $30 per tonne – much lower than the $60-90 per tonne capture costs typically observed in the global power sector. The captured CO2 will then be used by an Indian firm, Tuticorin Alkali Chemicals & Fertilisers (TACFL), for production of soda ash – a base chemical with a wide range of uses including glass manufacture, sweeteners, detergents and paper products.
Chief Executive Officer at CCSL, Aniruddha Sharma, said: “This project is a game-changer. By capturing and crucially, re-using, CO2 at just $30 per/tonne, we believe that there is an opportunity to dramatically accelerate uptake of carbon capture and utilisation (CCU) technology, with its many benefits, around the world. This is a project that doesn’t rely on government funding or subsidies – it just makes great business sense. We are delighted to be partnering with TACFL to make this project a reality.”
This announcement follows the successful completion of CCSL’s pilot testing programme at Technology Centre Mongstad, the world’s largest and most advanced facility for testing and improving CO2 capture, in May 2016. The pilot yielded results showing that use of CCSL’s solvent dramatically reduced emission levels and lowered corrosion, while improving system reliability.
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30th December 2016
China promises to ban ivory trade by end of 2017
Conservationists are celebrating a major win today, following China's announcement to end its domestic ivory trade in 2017. China is currently responsible for about 70% of the global ivory market.
Credit: Gavin Shire / USFWS
In the most important step yet to ending the global ivory trade, the Chinese government today announced a one year timeline for its promised ivory ban. According to the notice, China will begin phasing out registered legal ivory processors and traders by 31st March 2017 and shut down its commercial ivory trade completely by 31st December 2017.
"China has shown great leadership in the fight to save African elephants," said Elly Pepper, deputy director of wildlife trade for the Natural Resources Defence Council. "Setting such an aggressive timeline to close – once and for all – the largest domestic ivory market in the world is globally significant. It's a game changer and could be the pivotal turning point that brings elephants back from the brink of extinction. Now, other countries, including the UK, must follow China's lead and close their ivory markets."
Demand for elephant ivory has skyrocketed in recent years, leading to the poaching of over 35,000 elephants per year for their tusks. African savanna elephants have declined by 30 percent in the past seven years and if current poaching rates continue, African forest elephants could be extinct in less than a decade.
The international commercial trade in ivory has been banned under the Convention on International Trade in Endangered Species (CITES) since 1989. However, domestic markets have continued in various countries, creating a cover through which illegal ivory can be laundered. China has maintained a legal ivory market – by far the biggest in the world – with an estimated 70% of global trade ending up there. Demand is so high that ivory can reach $1,100 per kilogram.
Over the past two years, the Chinese government has taken major steps to end its domestic ivory market. In February 2015, China placed a one-year ban on imports of all carved ivory items. A month later, Chinese President Xi Jinping promised to end China's domestic ivory market – a commitment he reinforced in September 2015 when meeting with President Obama. In October 2015, China placed a one-year ban on imports of African elephant trophies. In March 2016, China extended its one year ban on imports of carved ivory items and elephant hunting trophies to 31st December 2019. Finally, at the June 2016 U.S.-China Strategic and Economic Dialogue (S&ED), China promised to deliver its timeline for a total ivory ban by the end of 2016, spurring today's announcement.
After the market closes, the Chinese Ministry of Culture will help transition ivory carvers and related employees to other livelihoods. The government will also strengthen the management of legally-possessed ivory products and ramp up enforcement and education to combat the illegal ivory trade.
"China's announcement is a game changer for elephant conservation," said Carter Roberts, president of the World Wildlife Fund. "The large-scale trade of ivory now faces its twilight years, and the future is brighter for wild elephants. With the US also ending its domestic ivory trade earlier this year, two of the largest ivory markets have taken action that will reverberate around the world."
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30th December 2016
Wave of economic, social and technological change will reshape Britain in the 2020s
The Institute for Public Policy Research (IPPR) has published a landmark report analysing the factors shaping Britain up to 2030.
A leading think tank, the IPPR, published a report yesterday analysing the factors shaping Britain up to 2030. The forthcoming Brexit negotiations will fire the starting gun on the next decade – so understanding these future changes will be key for negotiations. The IPRR sets out the choices that must be made now to ensure a fairer and more equal society in the long term. The report highlights a number of key facts that will alter the way British people live during the 2020s:
• As the population grows, the UK is set to age sharply and become increasingly diverse. The 65+ age group will grow by 33% by 2030. The over 85s population will nearly double. The non-white percentage of the population is expected to rise from 14% in 2011, to 21% by 2030 and one-third by 2050.
• The global economy and the institutions that govern it will come under intense pressure as the Global South rises in economic and political importance. Half of all large companies will be based in emerging markets;
• Due to demographic trends, a structural deficit is likely to re-emerge by the mid-2020s. The adult social care funding gap is expected to hit £13 billion – 62% of the expected budget – in 2030/31;
• Up to two-thirds of current jobs – 15 million – are at risk of automation. Two million jobs in retail will disappear and 600,000 in manufacturing. These rapid advances in technology have the potential to create a new era of widespread abundance, or a second machine age that radically concentrates economic power;
• Britain is home to the richest region in Northern Europe. But it also contains nine of the ten poorest regions. This stark wealth divide is likely to become even more noticeable, as the income of high-income households is forecast to rise 11 times faster than low income households. Living standards will rise slowly for middle- and low-income households, with real disposable income forecast to grow by just 9% for the former and 2% for the latter by 2030.
• Climate change, biodiversity degradation, and resource depletion mean that society and the economy will increasingly run up against the limits of the physical capacity of the Earth's natural systems.
Mathew Lawrence, IPPR research fellow and the report's author, claims that Britain's current economic model will need major reforms to challenge the existing status quo. Continuing with the same old policies of the past will deliver weak and unstable growth, widening inequality, and stagnant living standards for many. The nation's political and economic system will struggle to build a more democratic, healthy society in the decades ahead, even as Brexit accelerates the country towards a radically different institutional landscape.
"By 2030, the effects of Brexit combined with a wave of economic, social and technological change will reshape the UK in often quite radical ways," says Lawrence. "In the face of this, a politics of nostalgia, institutional conservatism and a rear guard defence of the institutions of 20th century social democracy will be inadequate. For progressives, such a strategy will not be robust enough to mitigate against growing insecurity, ambitious enough to reform Britain's economic model, nor sufficiently innovative to deliver deeper social and political transformation. They would be left defending sandcastles against the tide of history.
"Britain's progressives should be ambitious – seeking to shape the direction of technological and social change. We must build a 'high energy' democracy that accelerates meaningful democratic experimentation at a national, city and local level, and also in the marketplace by increasing everyone's say over corporate governance, ownership and power."
The report is keen to highlight the importance of emerging technologies, which are often overlooked by policymakers. Artificial intelligence, for example, will have a major impact by 2030, Lawrence claims. Mental and physical augmentation technologies could see the beginnings of a species divergence, with humans able to bioengineer different physical and mental capabilities. The 'Internet of Things' could potentially add up to £246 billion ($303 billion) in real terms to the UK economy by 2030. Many other future developments and trends are described in the report.
In the longer term, Lawrence concludes, "as machine learning and computing power divorces intelligence from consciousness, as improving health technologies allow for biological enhancements and species divergence, and as the final frontier is conquered by space travel, technological and social transformation will increasingly change what it means to be human."
The report, Future proof: Britain in the 2020s, is available to download at the following link:
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17th December 2016
America's first offshore wind farm is operational
America's first commercial offshore wind farm has become operational at Block Island, in the Atlantic Ocean.
Credit: Deepwater Wind
Energy firm, Deepwater Wind, this week announced that their Block Island Wind Farm project has completed its commissioning and testing phases and begun commercial operations, delivering electricity into the New England region's grid on a regular basis. Power produced from Block Island Wind Farm is now linked to the New England grid by National Grid's new sea2shore submarine transmission cable system.
"Rhode Island is proud to be home to the nation's first offshore wind farm – and I'm proud to be the only governor in America who can say we have steel in the water and blades spinning over the ocean," said Rhode Island Governor, Gina M. Raimondo. "As the Ocean State, we're motivated by our shared belief that we need to produce and consume cleaner, more sustainable energy and leave our kids a healthier planet – but also by this tremendous economic opportunity. With this project, we've put hundreds of our local workers to work at sea, and at our world-class ports, and are growing this innovative industry. I applaud Deepwater Wind for leading the way."
"America's first offshore wind farm was built thanks to the ingenuity, innovation, investment, and collaboration of many people working together," said U.S. Senator Jack Reed, co-sponsor of the Incentivizing Offshore Wind Power Act. "These five massive turbines spinning above the ocean are technological marvels and a tribute to the outstanding work of our labourers, trade unions, engineers, and clean energy technicians. I hope that in addition to providing clean, renewable energy, the offshore wind model we've put in place here can generate more wind projects and good-paying jobs."
"It's official: America's first offshore wind farm is powering homes and businesses with clean, reliable energy," said U.S. Senator Sheldon Whitehouse. "This is a historic milestone for reducing our nation's dependence on fossil fuels. Congratulations to all of the many partners whose years of diligent planning and outreach have put Rhode Island at the forefront of clean energy innovation and positioned our offshore wind industry for growth."
Technicians from GE Renewable Energy, which supplied the project's five wind turbines, put the wind farm through its paces during the four-month testing period. The project's crew transfer vessel, the Rhode Island-built Atlantic Pioneer, transported technicians to the wind farm around the clock.
This milestone concludes the successful two-year installation, completed both on-time and on-budget. Over 300 local workers helped develop, build and commission this historic project. Deepwater Wind utilised four separate Rhode Island port facilities – ProvPort, Quonset Point, Galilee and Block Island – for the staging, construction and commissioning.
Providing 30 megawatts of power to Block Island and Rhode Island, the project will generate enough clean, renewable energy for 17,000 homes. It will lower carbon dioxide emissions by 40,000 tons annually – or 800,000 tons over the next 20 years – equivalent to taking over 150,000 cars off the road. Block Island residents will save as much as 40% on their energy bills in the long term, based on independent reports.
Europe is currently the world leader in offshore wind power, employing 60,000 workers. The first offshore wind farm (Vindeby) was installed in Denmark in 1991 and today there are 2,500 spinning off the coast of various countries on the continent, with 12 gigawatts (GW) of capacity of which 3,755 MW came online during 2015 alone. Over 100 GW (100,000 MW) of new projects are under development or planned for the future in Europe. The European Wind Energy Association has set a target of 40 GW to be installed by 2020 and 150 GW by 2030.
But until now, commercial offshore wind power simply did not exist in the United States. The potential for growth is enormous, however, as can be seen on the map below, with abundant wind resources around the nation's coastline. Higher wind speeds are available offshore compared to on land, meaning offshore wind's contribution in terms of electricity is higher, and NIMBY opposition to construction is usually far weaker. If the trend in capacity develops in a manner similar to what has occurred in Europe, the U.S. industry is likely to see exponential growth in the years and decades ahead.
Deepwater Wind is now planning additional offshore wind projects for multiple East Coast markets located 15+ miles offshore, including New York, Massachusetts, Rhode Island, and New Jersey. These will create gigawatts of capacity when fully operational. Other companies will follow. Block Island represents a vital first step that may kick-start a whole new industry and could revolutionise U.S. energy in the future.
"This is just the first of many offshore wind projects that will put Americans to work up and down the coast for decades to come as we commit to a renewable energy future," said Michael Sabitoni, President of the Rhode Island Building and Construction Trades Council.
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13th December 2016
Direct flights from Europe to Australia starting in 2018
Airline operator Qantas will begin offering the first non-stop flights between Europe and Australia using the 787-9 Dreamliner.
Qantas has announced it will operate non-stop flights between London and Perth using the 787-9 Dreamliner. The 9,008 mile (14,498 km) service will be the first regular passenger service to directly link Australia with Europe when it begins in March 2018.
Qantas Group CEO, Alan Joyce, said the history-making route would be a watershed for travel, tourism and trade: "When Qantas created the Kangaroo Route to London in 1947, it took four days and nine stops. Now, it will take just 17 hours from Perth non-stop. This is a game-changing route flown by a game-changing aircraft. Australians have never had a direct link to Europe before, so the opportunities this opens up are huge. It's great news for travellers because it will make it easier to get to London. It's great news for Western Australia because it will bring jobs and tourism. And it's great news for the nation, because it will bring us closer to one of our biggest trade partners and sources of visitors."
On such a long duration flight, passenger comfort was a key consideration, said Mr Joyce: "When we designed the interior of our 787s, we wanted to make sure passengers would be comfortable on the extended missions the aircraft was capable of. That's why we have features in our Economy seats that other airlines reserve for Premium Economy. Our Business Suite has been nicknamed 'mini First class' by many of our frequent flyers. And we're redesigning our onboard service to help reduce jetlag," he added.
In addition to enhanced cabin and seating design, other comfort factors include better air quality, a lower cabin noise and state-of-the-art technology to help reduce turbulence, providing a smoother flight. Passengers have instant access to thousands of hours of entertainment onboard, along with larger baggage lockers and bigger windows. The windows in the Dreamliner are 65% larger than comparable aircraft windows, allowing passengers to see more of the world.
Thanks to a lighter carbon fibre body, pioneering GEnx engines and other advanced onboard systems, the Dreamliner also uses less fuel – an impressive 20% less than a similarly-sized aircraft.
The direct route will appeal to travellers on the East Coast, as well as West Australians, helping to deliver a tourism boost, said Mr Joyce: "A direct flight makes travelling to Australia a much more attractive proposition to millions of people. We expect many travellers from Europe will start their time in Australia with a visit to Perth before going on to see other parts of the country. Our modelling shows that people from the East Coast – as well as Southern Australia – would fly domestically to Perth to connect to our non-stop London service. Some will take the opportunity to break their journey, whether it's for business meetings in Perth, to holiday or to visit family."
The new flight will operate through Qantas' existing domestic terminals (T3/4), which will be upgraded to accommodate international flights. The airline's current international services from Perth (to Singapore and to Auckland) will also move to this terminal, helping to simplify the journey for thousands of people every year. Qantas will move its operations to an expanded Terminal 1 at Perth Airport by 2025.
Seats on the Perth-London flights will go on sale in April 2017 for the first services in March 2018. The Boeing 787-9 Dreamliners used on this route will carry 236 passengers across Business, Premium Economy and Economy cabins.
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5th December 2016
Hydrogen-powered truck with 1,200 mile range to be launched by 2020
American hybrid truck design company, Nikola Motors, has unveiled a class 8 truck powered by a hydrogen fuel cell that will have an operational range of up to 1,200 miles (1,900 km) when launched by 2020.
Credit: Nikola Motors
Class 8 trucks are the largest trucks in the United States and the type most commonly used for long-haul routes, with 3.6 million delivering about 70% of the country's freight. They are the largest CO2 emitters and fuel users. The trucking industry, as a whole, consumed approximately 54.3 billion gallons of diesel fuel and gasoline in 2015.
However, in yet another boost for clean technology, Nikola Motor Company has unveiled a highly anticipated electric semi-truck – the Nikola One – at an event held in its Salt Lake City headquarters.
The Nikola One utilises a fully electric drivetrain, powered by high-density lithium batteries. Energy is supplied on-the-go by a hydrogen fuel cell providing a range of 800-1,200 miles, while delivering 2,000 ft. lbs. of torque and 1,000 horsepower – nearly double that of any semi-truck on the road. Never has a production model class 8 truck achieved best-in-class fuel efficiency while also dramatically improving performance over its diesel competition – all with zero emissions.
The Nikola One leasing program will include unlimited hydrogen fuel, warranty and scheduled maintenance during a 72-month term. The company has accepted reservations totalling nearly three billion dollars in future orders.
"Nikola will build a world-class advanced manufacturing facility which will create thousands of new jobs," said Nikola Founder and CEO Trevor Milton. Nikola is currently in discussions with several states to decide who to partner with in its effort to reduce America's dependence on fossil fuels, advance green energy and revolutionise the trucking industry. The company is developing multiple 100-megawatt solar farms to make hydrogen from electrolysis. The location of the manufacturing facility will be determined in the first half of 2017. During the event, plans were also revealed for a network of 364 hydrogen fuelling stations across the US and Canada. Nikola will begin construction of these in January 2018.
Each vehicle will include a smart dashboard to calculate the most cost-efficient route for drivers. Inside the spacious cab will be one or two full-size beds, a 40-inch curved 4K TV with Apple TV, Wi-Fi, and 4G LTE connectivity, and a refrigerator, freezer, and microwave. Several high definition cameras around the vehicle will provide backing and 360° views while driving, optimising visibility and safety.
Nikola announced Ryder System, Inc. as its exclusive nationwide distribution and maintenance provider. Ryder has a network of over 800 service locations in North America today.
"We are extremely excited to finally show off the Nikola One to the public for the first time," said Milton. "There are many out there that wondered if we would deliver, but today we proudly show off the most advanced semi-truck ever built. We couldn't be more thrilled to have one of the best brands in America, Ryder, as our trusted partner providing nationwide sales, service and warranty."
Commenting on the new strategic partnership, Ryder's President of Global Fleet Management Solutions, Dennis Cooke said, "We commend Nikola for its leadership in zero emission vehicles, and for its decision to partner with Ryder as their exclusive nationwide distribution and maintenance provider. This relationship is key to expanding our advanced vehicle technology portfolio of innovative solutions. Ryder continually monitors emerging fleet technologies and seeks to establish relationships with companies that are leading innovation within the commercial transportation industry."
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1st December 2016
Almost half of tech professionals expect their job to be automated within ten years
45% of technology professionals believe a significant part of their job will be automated by 2027 – rendering their current skills redundant. Changes in technology are so rapid that 94% say their career would be severely limited if they didn't teach themselves new technical skills.
That's according to the Harvey Nash Technology Survey 2017, representing the views of more than 3,200 technology professionals from 84 countries.
The chance of automation varies greatly with job role. Testers and IT Operations professionals are most likely to expect their job role to be significantly affected in the next decade (67% and 63% respectively). Chief Information Officers (CIOs), Vice Presidents of Information Technology (VP IT) and Programme Managers expect to be least affected (31% and 30% respectively).
David Savage, associate director, Harvey Nash UK, commented: "Through automation, it is possible that ten years from now the Technology team will be unrecognisable in today's terms. Even for those roles relatively unaffected directly by automation, there is a major indirect effect – anything up to half of their work colleagues may be machines by 2027."
In response to automation technology, professionals are prioritising learning over any other career development tactics. Self-learning is significantly more important to them than formal training or qualifications; only 12 per cent indicate "more training" as a key thing they want in their job and only 27% see gaining qualifications as a top priority for their career.
Despite the increase in automation, the survey reveals that technology professionals remain in high demand, with participants receiving at least seven headhunt calls in the last year. Software Engineers and Developers are most in demand, followed by Analytics / Big Data roles. Respondents expect the most important technologies in the next five years to be Artificial Intelligence, Augmented / Virtual Reality and Robotics, as well as Big Data, Cloud and the Internet of Things. Unsurprisingly, these are also the key areas cited in what are the "hot skills to learn".
"Technology careers are in a state of flux," says Simon Hindle, a director at Harvey Nash Switzerland. "On one side, technology is 'eating itself', with job roles increasingly being commoditised and automated. On the other side, new opportunities are being created, especially around Artificial Intelligence, Big Data and Automation. In this rapidly changing world, the winners will be the technology professionals who take responsibility for their own skills development, and continually ask: 'where am I adding value that no other person – or machine – can add?'"
Key highlights from the Harvey Nash Technology Survey 2017:
AI growth: The biggest technology growth area is expected to be Artificial Intelligence (AI). 89% of respondents expect it to be important to their company in five years' time, almost four times the current figure of 24%.
Big Data is big, but still unproven. 57% of organisations are implementing Big Data at least to some extent. For many, it is moving away from being an 'experiment' into something more core to their business; 21% say they are using it in a 'strategic way'. However, only three in ten organisations with a Big Data strategy are reporting success to date.
Immigration is key to the tech industry, and Brexit is a concern. The technology sector is overwhelmingly in favour of immigration; 73% believe it is critical to their country’s competitiveness. 33% of respondents to the survey were born outside the country they are currently working. Almost four in ten tech immigrants in the UK are from Europe, equating to one in ten of the entire tech working population in the UK. Moreover, UK workers make up over a fifth of the tech immigrant workforce of Ireland and Germany.
Where are all the women? This year's report reveals that 16% of respondents are women; not very different from the 13% who responded in 2013. The pace of change is glacial and – at this rate – it will take decades before parity is reached.
Tech people don't trust the cloud. Four in ten have little or no trust in how cloud companies are using their personal data, while five in ten at least worry about it. Trust in the cloud is affected by age (the older you are, the less you trust).
The end of the CIO role? Just 3% of those under 30 aspire to be a CIO; instead they would prefer to be a CTO (14% chose this), entrepreneur (19%) or CEO (11%). This suggests that the traditional role of the CIO is relatively unattractive to Gen Y.
Headhunters' radar: Software Engineers and Developers get headhunted the most, followed closely by Analytics / Big Data roles. At the same time, 75% believe recruiters are too focused on assessing technical skills, and overlook good people as a result.
Supporting data from the survey (global averages):
Which technologies are important to your company now, and which do you expect to be important in five years' time?
Agree or disagree? Within ten years, a significant part of my job that I currently perform will be automated.
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22nd November 2016
Green gas can replace traditional fossil fuel-based gas
British clean energy company Ecotricity has unveiled its plan to make gas from grass, grown on marginal farmland, of which Britain has enough to heat almost every home in the country.
Ecotricity has unveiled its plan for Britain to make its own gas from grass, grown on marginal farmland, of which Britain has enough to heat almost every home in the country. The company outlines this potential in a new report, Green Gas: The Opportunity for Britain, which shows that green gas from grass could provide the gas needs for 97% of British homes, pump £7.5 billion annually into the economy, and create a new industry with up to 150,000 jobs.
Green gas made this way is virtually carbon neutral, so could play a significant role in Britain meeting its climate targets. Additionally, it would create new habitats for wildlife on an unprecedented scale. Ecotricity has just received permission to build a prototype 'green gas mill', the first of its kind in Britain. This is expected to be operational in 2018. Grass at the plant will be turned into biomethane within 45 days and then injected into the national network. Around 5,000 of these mills could supply the entire country by 2035, if sufficient efforts were made to scale up production.
Dale Vince, Ecotricity founder, said: "As North Sea reserves run out, the big question is where we're going to get our gas from next. The government thinks fracking is the answer, but this new report shows that we have a better option. Recently, it's become possible to make green gas and put it into the grid, in the same way we've been doing with green electricity for the last two decades. The current way of doing that is through energy crops and food waste – but both have their drawbacks. Through our research, we've found that using grass is a better alternative, and has none of the drawbacks of energy crops, food waste or fracking – in fact, it has no drawbacks at all."
"Our first Green Gas Mill has just been given the go-ahead, and we hope to build it soon – though that does depend on whether government energy policy will support this simple, benign and abundant energy source."
"As our report shows, the benefits of Britain making its gas this way are astounding. And in the light of this new option available to us, I call on Theresa May to review the government's plan for where Britain gets its gas – post-North Sea.
"We now have a more than viable alternative to fracking, which people have been fighting tooth and nail up and down the country to prevent. It's not too late, because fracking hasn't started yet. We need a proper review of where Britain gets its gas from – we can either frack the countryside, or we can grow the grass. It's that simple."
In summary: using green gas from grass would cut CO2 emissions, help Britain become energy independent, support food production by improving soils, create wildlife habitats, and provide support for farmers who are set to lose EU subsidies following Brexit.
Lynne Featherstone, Liberal Democrat MP, commented: "If the government would only throw its weight behind green gas, it would go a long way to delivering on our renewable heating targets and secure our energy for the future. I am very grateful to Ecotricity and others who want and are willing to push forward on this vital part of our energy mix."
Doug Parr, Chief Scientist and Policy Director of Greenpeace UK, said: "As long as it's not competing with food production, green gas like this project can be really helpful in getting the UK onto a cleaner and lower carbon path. Agriculture need not simply be part of the problem in tackling climate change, but through innovation it can be part of the solution, and improve wildlife habitats at the same time."
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4th November 2016
First commercial asteroid prospecting mission to launch by 2020
Planetary Resources, Inc., the asteroid mining company, announced yesterday that it has finalised a 25 million euro agreement that includes direct capital investment of 12 million euros and grants of 13 million euros from the Government of the Grand Duchy of Luxembourg and the banking institution Société Nationale de Crédit et d'Investissement (SNCI). This funding will accelerate the company's technical advancements with the aim of launching the first commercial asteroid prospecting mission by 2020. The milestone fulfilled the intent of the Memorandum of Understanding with the Grand Duchy and its SpaceResources.lu initiative that was agreed upon earlier this year.
"We are excited in welcoming the Grand Duchy as a partner and an investor," said Chris Lewicki, President and CEO of Planetary Resources. "Just as the country's vision and initiative propelled the satellite communications industry through its public-private partnerships, this funding and support will fast-track our business – advancing and building upon our substantial accomplishments. We plan to launch the first commercial asteroid prospecting mission by 2020 and look forward to collaborating with our European partner in this pivotal new industry."
Étienne Schneider, Deputy Prime Minister and Minister of the Economy, Government of Luxembourg, said: "The Grand-Duchy of Luxembourg becoming a shareholder in Planetary Resources seals our partnership and lays the ground of the principles of our cooperation in the years to come, while demonstrating the Government's strong commitment to support the national space sector by attracting innovative activities in space resource utilisation and other related areas. The Grand Duchy has a renowned history in public-private partnerships. In 1985, Luxembourg became one of the founding shareholders of SES, a landmark for satellite telecommunications and now a world leader in this sector."
Planetary Resources is establishing a European headquarters in Luxembourg that will conduct key research and development activities in support of its commercial asteroid prospecting capabilities, as well as support international business activities.
Core hardware and software technologies developed at Planetary Resources were tested in orbit last year. The company's next mission, now undergoing final testing, will validate a thermographic sensor that will precisely measure temperature differences of objects on Earth. When deployed on future commercial asteroid prospecting missions, the sensor will acquire key data related to the presence of water and water-bearing minerals on asteroids. Obtaining and using these key resources in space promises to fast-track the development of off-planet economic activities as the commercial industry continues to accelerate.
Planetary Resources was founded in 2009 by Eric Anderson, Peter Diamandis and Chris Lewicki. The company's vision is to establish a new paradigm for resource utilisation that will bring the Solar System within humanity's economic sphere of influence. The pathway to identifying the most commercially viable near-Earth water-rich asteroids has led to the development of multiple transformative technologies that are applicable to global markets, including the agriculture, energy, mining and insurance industries. Planetary Resources is financed by industry-launching visionaries who are committed to expanding the world's resource base so humanity can continue to grow and prosper for centuries to come.
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30th October 2016
Tesla unveils solar roof tiles and Powerwall 2
By combining solar roof tiles, battery storage, and electric vehicles, Tesla hopes to create the opportunity for a zero emission lifestyle.
Last year, Tesla revealed the "Powerwall" – a revolutionary new energy storage system for homes and businesses. The company has now taken this concept a step further by unveiling a new range of solar-powered roof tiles, able to blend seamlessly into an existing building's appearance. In addition, Tesla has doubled the energy capacity of the original Powerwall, now released as a version 2. By combining the solar roof tiles, the Powerwall 2, and an electric vehicle, Tesla hopes to create the opportunity for a zero emission lifestyle.
The solar roof tiles will be available in four distinct styles: "Textured Glass Tile," "Slate Glass Tile," "Tuscan Glass Tile," and "Smooth Glass Tile." They can be integrated into both new homes, as well as older buildings whose existing roofs need replacing.
"The goal is to have solar roofs that look better than a normal roof, generate electricity, last longer, have better insulation, and actually have an installed cost that is less than a normal roof plus the cost of electricity," said Elon Musk, Tesla CEO. "So why would you buy anything else?" At his presentation in Los Angeles on Friday, the tiles were showcased on homes once used as the set for US drama Desperate Housewives.
The potential market for solar roof tiles is huge. In the US alone, up to five million new homes are built each year. Globally, the figure is 20 times higher. Musk is hoping Tesla/Solar City can supply at least 10% of new homes in the US with energy-generating solar roof tiles by 2020. Tesla expects the growth rate of energy products around the world to be far greater than that of electric vehicles alone.
The tiles are currently about 98% as efficient as traditional solar panels. However, Tesla is now working alongside 3M to develop an improved coating, which will not only restore the lost 2%, but could possibly even go above normal efficiency by "trapping" more light inside.
The first installations are expected to begin by summer next year. Since they are made from quartz glass, they should last much longer than a typical asphalt tile – at least two or three times longer, according to Musk.
Musk's presentation moved on to the Powerwall 2. This compact, wall-mounted battery unit stores 14kW/hour of energy from the roof tiles in daylight and has 7kW peak power output – twice the amount of the previous version and enough for a family to live comfortably off the grid. The Powerwall makes solar energy available as a power source 24/7. In the event of a grid outage, it can serve as back-up power. If necessary, multiple units can be stacked to combine even greater energy storage. Each device will retail at $5500.
In addition to the Powerwall 2 for homes and small businesses, Tesla offers the utility-scale Powerpack, now also launched as a version 2. Once again, this will provide twice the energy of its predecessor: 210kW/hour of storage and a peak output of 50kW. It has unlimited scalability, meaning it could power an entire town or city. Tesla recently announced the world's biggest utility-scale battery installation for Southern California Edison, an 80MWh project that is already under construction right now. To date, nearly 300MWh of Tesla batteries have been deployed in 18 countries around the world.
The Powerpack 2 is also matched with a new inverter, designed by Tesla and manufactured at the company's new Gigafactory, which started limited production in the first quarter of 2016. It is the lowest cost, highest efficiency and highest power density utility-scale inverter on the market. It also significantly simplifies the installation process of the entire Powerpack system by integrating a number of previously independent components into the inverter itself.
In his presentation, Musk was keen to emphasise that larger utility-scale energy will be just as important as localised power generation in the future – the two should not have to compete with each other, and the future is bright for both. He believes localised systems will account for about one-third of power generation and utilities about two-thirds.
The Powerwall 2, for homes and small businesses.
The Powerpack 2, for utility-scale applications.
The costs of solar power, batteries/energy storage and electric vehicles have been falling in recent years and will continue falling. In the near future, systems like that presented by Musk will become affordable to many more people and businesses. Solar-powered windows will emerge too, thanks to advances in transparent, light-harvesting materials. Combined with nationwide smart grids, to provide the optimal balancing of demand and production, this offers the prospect of a global clean energy revolution by 2030.
Full details of the solar roof tiles, Powerwall 2 and Powerpack 2 can be seen in the 20 minute presentation by Musk below. You can also visit the Tesla website at: https://www.tesla.com/energy
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19th October 2016
1 in 4 millennials would prefer a giant meteor strike to 2016 U.S. presidential candidates
Nearly a quarter of Americans aged 18 to 35 would rather see a giant meteor strike the Earth than see either Hillary Clinton or Donald Trump in the White House, according to the University of Massachusetts Lowell/Odyssey Millennials poll released yesterday.
The poll asked millennials to choose their preference between Hillary Clinton as president, Donald Trump as president, a random lottery to choose the president from all U.S. citizens, Barack Obama appointing himself to a life term as president, or a giant meteor striking the Earth and extinguishing all human life. Over a Clinton or Trump presidency, 39% of those surveyed said they preferred Obama serve a life term; 26% prefer a random lottery to choose the next president and 23% (nearly 1 in 4) prefer a giant meteor strike.
The national poll – conducted from 10th-13th October – asked millennials (1247 American adults aged 18-35; 966 registered voters; 680 likely voters) about their attitudes and opinions on the upcoming election, from irreverent options to the candidates to serious issues such as race relations, immigration and the legalisation of marijuana.
"We do not take our respondents at their word that they are earnestly interested in seeing the world end, but we do take their willingness to rank two constitutional crises and a giant meteor ahead of these two candidates with startling frequency as a sign of displeasure and disaffection with the candidates and the 2016 election," said Prof. Joshua Dyck, co-director of UMass Lowell's Center for Public Opinion, who wrote and analysed the independent, nonpartisan poll.
By a 3-to-1 margin, millennials who are "likely" voters prefer Democrat Hillary Clinton to Republican Donald Trump in a head-to-head race for president, 66% to 22%, with 12% undecided. When third-party candidates are included, Clinton gets 61% of likely voters’ support, Trump stays at 22%, Libertarian Gary Johnson gets 9%, Jill Stein of the Green Party gets 5% and only 3% are undecided.
The poll found that millennials dislike Trump and have reservations about Clinton. Trump is viewed favourably by only 25% of registered voters surveyed, compared to 72% who view him unfavourably. Only 19% view him as level-headed, 20% said he had the right experience to be president and 23% believe he cares about people like them. Majorities of respondents also said they view Trump as dishonest, lacking leadership and someone who would not bring the right kind of change to the country. 63% of likely voters said he should drop out of the presidential race.
When it came to Hillary Clinton, 56% of those surveyed said they view her favourably, far less than the approval rating for Bernie Sanders (73%) and Barack Obama (71%). Clinton’s biggest liability, according to the millennials surveyed, is honesty (only 36% say she is honest) and 46% said she takes responsibility for her mistakes. 71% said they believe she is intelligent (compared to 35% for Trump), 67% said she has the right experience to be president (compared to 20% for Trump) and 60% said she is level-headed (compared to 19% for Trump). However, millennials are split on whether she cares about people like them (55% said yes, 45% said no) and whether she would bring the right kind of change to the country (51% yes to 49% no).
Millennials were also asked how they would vote if Bernie Sanders was the Democratic candidate instead of Hillary Clinton. In a head-to-head matchup between Trump and Sanders, 67% of millennials would choose Sanders compared to 23% for Trump and 10% were undecided, the same margin (44%) by which Clinton leads Trump in a head-to-head matchup of likely voters. However, among those surveyed who said they were "not likely" to vote, Sanders leads Trump 63% to 15%, with 22% undecided, compared to Clinton leading Trump 42% to 21% with 37% undecided among the same group. The results could be an indicator that Sanders supporters in the millennial age group are still unwilling to support Clinton, and may not plan to vote in the election as a result. However, among Sanders supporters who do intend to vote, they are choosing Clinton over Trump.
Survey respondents were also asked who they would vote for if it was Republican vice presidential candidate Mike Pence, rather than Trump, facing Clinton for the presidency. The poll found Clinton leads Pence among likely voters 63% to 21%, a margin that is almost identical to her lead over Trump.
These results could indicate that, regardless of who the candidates are, millennial voters’ preferences are influenced by party identification. Millennials are identifying as Democrats by a nearly 3-to-1 margin. This trend may be a troubling one for the Republican Party if millennials continue on the same ideological path in the future.
“In the 2004 election, young voters were closely divided," said Prof. Dyck. "Democrat John Kerry won 18- to 29-year-olds by 11 points. But since 2008, we have seen a significant shift, with millennials abandoning the GOP in large numbers. The nomination of Donald Trump appears only to have made things worse for Republicans, with fewer than 1 in 4 likely voters 18 to 35 years old supporting the candidate. Since party identification is something that people tend to carry with them throughout their lives, the GOP is not just digging a hole in this election, but also setting the stage for future losses as millennials get older and become a bigger part of the electorate.”
Michael Luciano, director of editorial innovation for Odyssey, echoed that opinion: “Among millennials, Hillary Clinton is beating Donald Trump by a significantly larger margin than we saw Barack Obama beat John McCain and Mitt Romney in 2008 and 2012, respectively. As the largest demographic in the country, millennials are going to play an increasingly bigger role in elections in the coming years. If Republicans want to be competitive in future presidential races, they need to reverse what they should consider a troubling trend among the millennial generation.”
Other findings from the poll include:
• The only issue that a clear majority of 18-35 year olds agree on is supporting the legalisation and usage of recreational marijuana (58%).
• Trust in government institutions is low – except for teachers, universities, military, police and fire departments.
• Millennials do not believe you can be too careful in dealing with others (58%), think that people are mostly looking out for themselves (55%) and that most people would take advantage if they got the chance (70%).
• Racial disparities are evident throughout question responses, indicating very different perspective on racial discrimination between white and non-white millennials.
The full results of the UMass Lowell/Odyssey Millennials poll are available here: https://www.uml.edu/docs/TOPLINE-Millennials_tcm18-263895.pdf
Hillary Clinton, by US Department of State, [Public domain], via Wikimedia Commons
Donald Trump, by Michael Vadon [CC BY-SA 2.0], via Wikimedia Commons
Gary Johnson, by Gary Johnson [CC BY 2.0], via Wikimedia Commons
Jill Stein, by Gage Skidmore [CC BY-SA 3.0], via Wikimedia Commons
Giant Meteor 2016: Amazon
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16th October 2016
The world's first nation state in space
At a press conference in Paris this week, plans were announced for the creation of 'Asgardia' – the first nation state in outer space.
Named after the city of the skies in Norse mythology, Asgardia is a space-based nation proposed by Dr Igor Ashurbeyli, founder of the Aerospace International Research Centre (Vienna), and Chairman of UNESCO's Science of Space committee. The concept is aimed at creating a new framework for how space activities are regulated and owned, ensuring that "the future of space is peaceful and done for the benefit of humankind."
Dr Ashurbeyli, one of the Russian Federation's most distinguished scientists, has consulted globally renowned scientists, engineers, entrepreneurs and legal experts on the development of the concept. The project's official website is currently requesting people to register for "citizenship" with the aim of applying to the United Nations for official recognition as a nation state. Already, hundreds of thousands have signed up.
As a first step, the organisation plans to crowd-source a satellite for launch in 2017, sixty years after Sputnik 1, the first ever satellite. This will mark a new era in the space age, the organisation claims, as the satellite will be independent of any current nation state on Earth: the satellite will comprise the nation itself – creating its own legal system, flag and other symbols of nationhood.
"The project's concept comprises three parts – philosophical, legal and scientific/technological," Dr Ashburbeyli explained. "Asgardia is a fully-fledged and independent nation, and a future member of the United Nations – with all the attributes this status entails. The essence of Asgardia is 'Peace in Space', and the prevention of Earth's conflicts being transferred into space.
"Asgardia is also unique from a philosophical aspect: to serve entire humanity and each and everyone, regardless of his or her personal welfare and the prosperity of the country where they happened to be born. The scientific and technological component of the project can be explained in just three words – peace, access and protection. The scientific and technological envelope of Asgardia is a space arena for the scientific creativity of its citizens and companies in developing a broad range of future space technologies, products and services for humanity on Earth and humanity in space."
In recent years, access to space has been opening up, but the process remains slow and is tightly controlled by states on Earth, restricting commerce and scientific developments by private enterprise. Of the 196 nation states, just thirteen (China, France, India, Iran, Israel, Japan, North Korea, Russia/former USSR, South Korea, UK, Ukraine, USA) and one regional organisation (the European Space Agency, ESA) have independently launched satellites on their own indigenously developed launch vehicles.
Professor David Alexander, Director of the Rice Space Institute at Rice University in Texas: "As low-Earth orbit becomes more accessible, what's often called the 'democratisation' of space, a pathway is opening up to new ideas and approaches from a rich diversity of participants. The mission of Asgardia to create opportunities for broader access to space, enabling non-traditional space nations to realise their scientific aspirations is exciting."
Under current international space law, including the widely adopted Outer Space Treaty, states are required to authorise and supervise national space activities, including the activities of commercial and not-for-profit organisations. Objects launched into space are subject to their nation of belonging and if a nation launches an object into space, that nation is responsible for any damage that occurs internationally and in outer space.
Asgardia aims to create a new framework for ownership and nationhood in space, adapting current laws governing responsibility, private ownership and enterprise so they are fit for purpose in the new era of space exploration. By creating a new "space nation", private enterprise, innovation and the further development of space technology to support humanity could flourish, free from the tight restrictions of state control that currently exist.
Professor Ram Jakhu, Director, Institute of Air and Space Law at McGill University, Montreal, Canada: "An appropriate and unique global space legal regime is indispensable for governing outer space in order to ensure it is explored on a sustainable basis, for exclusively peaceful purposes and to the benefit of all humanity – including future generations living on planet Earth and in outer space. The development of foundational principles of such a legal regime ought to take place at the same time as technological progress is being made."
One of the early developments planned by Asgardia's team will be the creation of a state-of-the-art protective shield for all humankind from cosmic manmade and natural threats to life on Earth such as space debris, coronal mass ejections and asteroid collisions.
There are estimated to be more than 20,000 traceable objects of man-made space debris (MSD) including non-active spacecraft, upper-stage rockets and final stage vehicles, as well as fragments of craft that potentially pose a danger in near-Earth orbits. The impact of the Chelyabinsk meteorite which crashed over a Russian town as recently as 2013, injuring 1,100 people and damaging 4,000 buildings, is a reminder of the threat that natural objects pose to life on our planet.
Whilst steps have already been taken by the UN and the Space Mission Planning Advisory Group (SMPAG) to identify potentially hazardous scenarios, Asgardia will build on these developments to offer a more comprehensive mechanism.
Dr. Joseph N. Pelton, former Dean of the International Space University in Strasbourg, France: "The Asgardia project, among other things, may help prepare better answers to the future governance of outer space – a topic of major concern to the United Nations. The exciting aspect of this initiative is its three phase approach to providing broader access to space; promoting peace in outer space; and addressing cosmic hazards and planetary defence."
The Asgardia Project Team will comprise a collaborative, multi-disciplinary effort from leading experts around the globe which it is envisaged will grow over time as the project evolves. But as well as expert involvement in the project, Asgardia is looking to capture the wider public imagination by crowd-sourcing key aspects of the missions and involving members of the public in competitions – for example, to help design the nation's flag, insignia and other symbols of nationhood.
To coincide with the press conference, a website with further details was launched at www.asgardia.space. The project can also be followed on Twitter where updates will be provided, along with interaction between the Asgardia team and members of the public.
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24th September 2016
UK: Gender pay gap to remain until 2069
The gender pay gap in the UK will not close until 2069 based on current salary progression, according to research by accountancy firm Deloitte.
Deloitte's analysis shows that the difference in hourly pay gap between men and women is closing at a rate of just 2.5 pence per annum. For certain occupations such as skilled trades and education, the gap is actually widening. Even in female-dominated occupations – such as teaching and caring – men receive considerably higher average pay. At this rate, the gender pay gap will not close for another 53 years.
Significantly, however, the gap in starting salaries between men and women who have studied Science, Technology, Engineering and Mathematics (STEM) subjects, and who go on to take jobs in these sectors, is far smaller. There is no difference in the median starting salary between men and women who studied engineering, technology, medicine and dentistry.
Women currently make up just 14 percent of employees working in STEM occupations in the UK, and data from the Labour Market Survey shows that as many as 70 percent of women with STEM qualifications are not working in STEM-related industries. Raising this participation rate would give women a more balanced portfolio of skills and narrow the gender pay gap.
"There are many factors that contribute to the gender pay gap," said Emma Codd, Managing Partner for Talent at Deloitte. "One of these occurs before entering the workforce, when boys and girls decide what to study at school and university. Starting at GCSE level, where three times more boys than girls take computing and 50 percent more boys than girls study design and technology, these early decisions drive fundamental skill differences between the genders for those entering the workplace. The trend is likely to continue, unless it is addressed now."
"We know that the pay gap is far smaller for those women starting their careers in STEM related roles," said Codd. "We also know that high-skilled jobs demanding a blend of cognitive, social and technical skills are typically among the most highly-paid. Therefore, if more women study STEM subjects and pursue related careers, they will increase their earnings potential in the early years of their working lives and – should they remain in their careers – the later ones. This in turn should serve to reduce the gender pay gap."
Emma Codd concludes: "More must be done to encourage girls from an early age to understand the impact that their choice of studies can have on their career options; girls must be encouraged to consider a full range of STEM career options and to have access to role models who can provide an insight into such careers. Similarly, with many of those women who study STEM subjects opting for careers in non-STEM professions, businesses in STEM related professions must show that they can offer attractive career options for women. Without these efforts, businesses – and the economy as a whole – will miss out on a hugely valuable pool of potential talent."
"While educators and policy makers will need to focus on tackling this challenge, the impact that employers can make should not be under-estimated. Whether it is providing educators and policymakers with practical insights into career requirements, giving students access to mentors in the STEM professions, or ensuring that the workplace is an environment where women can build successful careers, each business has a part to play. A great deal of progress has been made in the past half century, but we should not wait another 53 years for full parity."
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26th August 2016
World's first commercial drone delivery service
Domino's Pizza Enterprises Limited has joined forces with a global leader in drone deliveries, Flirtey, to launch the first commercial drone delivery service in the world.
Domino's Pizza Enterprises Limited (Domino's) has joined forces with a global leader in drone deliveries, Flirtey to launch the first commercial drone delivery service in the world. The two companies exhibited the first stage of their partnership with a demonstration of pizza delivery by drone yesterday in Auckland, New Zealand. The successful demonstration was also attended by the Civil Aviation Authority (CAA) and Minister of Transport Simon Bridges.
The test was conducted under Civil Aviation Rules Part 101 and marks a final step in Flirtey's approval process – following which, the partnership will aim to connect people with pizza via CAA-approved trial store-to-door drone deliveries from a selected Domino's New Zealand store with flights to customer homes later this year.
New Zealand was selected as the launch market given that its current regulations allow for businesses to embrace unmanned aircraft opportunities, which enable the gradual testing of new and innovative technologies. Domino's Group CEO and Managing Director, Don Meij said the company's growth in recent years had led to a significant increase in the number of deliveries and that Domino's is constantly looking for innovative and futuristic ways to improve its service.
"With the increased number of deliveries we make each year, we were faced with the challenge of ensuring our delivery times continue to decrease and that we strive to offer our customers new and progressive ways of ordering from us," he said. "Research into different delivery methods led us to Flirtey. Their success within the airborne delivery space has been impressive and it's something we have wanted to offer our customers."
The use of drones as a delivery method is designed to work alongside Domino's current delivery fleet and will be fully integrated into online ordering and GPS systems.
"Domino's is all about providing customers with choice and making customer's lives easier. Adding innovation such as drone deliveries means customers can experience cutting-edge technology and the convenience of having their Supreme pizza delivered via air to their door. This is the future. We have invested heavily to provide our stores with different delivery fleet options – such as electric scooters, e-bikes and even the Domino's Robotic Unit - DRU that we launched earlier this year.
"We've always said that it doesn't make sense to have a 2-tonne machine delivering a 2-kilogram order. DRU DRONE is the next stage of the company's expansion into the artificial intelligence space and gives us the ability to learn and adopt new technologies in the business."
The Flirtey delivery drone is constructed from carbon fibre, aluminium and 3D printed components. It is a lightweight, autonomous and electrically driven unmanned aerial vehicle. It lowers its cargo via tether and has built-in safety features such as low battery return to safe location and auto-return home in case of low GPS signal or communication loss.
The reach that a drone offers is greater than other current options which are restricted by traffic, roads and distance. Domino's will look to the results of the trial to determine where drones are implemented further.
"What drones allow us to do is to extend that delivery area by removing barriers such as traffic and access, as well as offering a much faster, safer delivery option, which means we can deliver further afield than we currently do to our rural customers while reaching our urban customers in a much more efficient time."
The trial flights are set to commence later this year following the beginning of daylight savings in New Zealand. Domino's will offer Drone Delivery Specials at the launch of the trial with plans to extend the dimensions, weight and distance of deliveries, based on results and customer feedback.
"These trial deliveries will help provide the insight we need to extend the weight carried by the drone and distance travelled," said Meij. "It is this insight that we hope will lead to being able to consider a drone delivery option for the majority of our orders. We are planning a phased trial approach which is based on the CAA granting approval, as both Domino's and Flirtey are learning what is possible with the drone delivery for our products – but this isn't a pie in the sky idea. It's about working with the regulators and Flirtey to make this a reality."
Flirtey CEO Matt Sweeny said: "Launching the first commercial drone delivery service in the world is a landmark achievement for Flirtey and Domino's, heralding a new frontier of on-demand delivery for customers across New Zealand and around the globe. New Zealand has the most forward-thinking aviation regulations in the world, and with our new partnership, we are uniquely positioned to bring the same revolutionary drone delivery service to customers globally. We are getting closer to the time where you can push a button on your smartphone and have Domino's delivered by drone to your home."
Domino's is looking at opportunities for drone delivery trials in its six other markets – Australia, Belgium, France, The Netherlands, Japan and Germany.
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