RENEWABLES

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POST 17 – 27-08-2014

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RENEWABLES TIPPING POINT
It is too much to suggest that the climate deniers will find this a face-saving way to change their tune but the swing is on the way.
The following two articles shed some light on the changing viability of the fossil fuel industries as the renewable technology becomes more attractive. The fossil fuel investments may soon become stranded assets.
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http://www.smh.com.au/environment/climate-change/sydney-university-creates-waves-with-investment-ban-on-coal-20140826-108ecj.html#ixzz3BXkPpWP0
In today’s SMH the University of Sydney has stopped investing in coal, perhaps under pressure from Greenpeace but it is part of a global trend as shown by the following article about the UBS report.
The University of Sydney has become the first institution of its type in Australia to halt further investments in coalmining, a move likely to send ripples through the funds industry.
On Monday, the university said it had halted investments in Whitehaven Coal, the miner developing the controversial Maules Creek open-cut coalmine, which is the largest such project in the country.
As part of a review being undertaken by the Mercer Group, however, Sydney University told Fairfax Media the bar on investments extended beyond Whitehaven”.
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http://reneweconomy.com.au/2014/ubs-time-to-join-the-solar-ev-storage-revolution-27742
This article refers to a report by the global financial services company UBS .
By the end of the decade, the UBS report says, the combination of solar panels, improved batteries, electric vehicles and energy storage.will deliver a pay-back time of between six to 8 years, as this graph below shows. It will fall to around 3 years by 2030. Right now, the payback is probably around 12 years, enough to encourage the interest of early adopters.

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