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China, in Renewable Energy Push, Has Emission Targets in Sight

first_imgChina, in Renewable Energy Push, Has Emission Targets in Sight FacebookTwitterLinkedInEmailPrint分享Andy Coghlan for New Scientist:China is surging ahead in switching to renewables and away from coal in what its officials say will allow it to surpass its carbon emissions targets.The country’s solar and wind energy capacity soared last year by 74 and 34 per cent respectively compared with 2014, according to figures issued by China’s National Bureau of Statistics yesterday.Meanwhile, its consumption of coal – the dirtiest of the fossil fuels – dropped by 3.7 per cent, with imports down by a substantial 30 per cent.The figures back up claims last month in Hong Kong by Xie Zhenhua, China’s lead negotiator at at the UN climate talks in Paris last December, that the country will “far surpass” its 2020 target to reduce carbon emissions per unit of national wealth (GDP) by 40 to 45 per cent from 2005 levels.Since China emits nearly a third of the world’s carbon dioxide, which is heating up the planet, this could make a major contribution to holding back temperature increases to the 2 °C degree maximum global target agreed by governments last December in Paris.“The latest figures confirm China’s record-breaking shift toward renewable power and away from coal,” says Tim Buckley of the Institute for Energy Economics and Financial Analysis, an energy consultancy in Cleveland, Ohio.“China’s official 2015 wind installations are an all-time global record of 32.5 gigawatts,” says Buckley. “China itself is the only nation to have come anywhere near this, delivering 20.7 gigawatts of new wind capacity in 2014.”The latest figures state that “clean energy” – a combination of hydro, wind, solar, nuclear and natural gas – now accounts for 18 per cent of all its energy, up from 13 per cent in 2011.“We’re now at the point where these technologies can compete head-to-head with gas and coal on price, meaning that this growth is only going to accelerate,” says Maf Smith, deputy chief executive of RenewableUK, representing the UK’s wind and wave power producers. “The UK alone has increased the amount it generates from wind power from 1 to 11 per cent in a decade.”“It’s a really positive signal, a perfect example of an emerging economy trying to shift the way it develops,” says Ranping Song of the World Resources Institute think tank in Washington DC.China is due to issue its next five-year economic plan this month. “So it’s a perfect time to see how serious they are about tackling emissions,” Song says.Despite renewables gains, coal still provides almost two-thirds of China’s power consumption. But the dip in coal consumption over the past two years – which equals an entire year’s coal consumption in Japan – suggests that China may now have reached “peak coal”. “China’s market for coal consumption has started to become saturated, and should gradually decline,” Xie said in Hong Kong.China set to surpass its climate targets as renewables soarlast_img read more

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German companies reluctant to provide data to EIOPA, aba warns

first_imgThe European Insurance and Occupational Pensions Authority’s (EIOPA) controversial stress tests for IORPs not only “lack legitimacy”, according to Heribert Karch, chairman of German pension association aba, but will also spread “unease” among German companies.Even before the final specifications for the stress tests were released today, German stakeholders had been very critical of the proposals.  In a statement, the aba argued that the holistic balance sheet approach was, in principle, a “disproportionate copy/pasting of the Solvency II regulations onto IORPs”.But the pension fund association also claimed that German companies felt “unease” about having to forward potentially sensitive data to EIOPA. “Trust is built mainly by positive experience,” the association noted in the paper, suggesting German companies’ relationship with EIOPA has not been entirely positive.In previous quantitative impact studies, German supervisor BaFin collected the data and sent it to EIOPA only after consolidating it.Under the scheduled stress tests, however, all participating IORPs will have to forward information directly to EIOPA, including that of individual member companies, some of which are listed.Further, the aba said the quantitative assessment – to be conducted alongside the stress tests but on a voluntary basis – would yield “much less representative results” for Germany than the first ones in 2012.Given the considerable efforts made and costs incurred by German IORPs after the 2012 assessment, any “willingness to participate is much lower”, it warned.The aba also argued that the ramifications of European Central Bank’s monetary policy had been clear, even before the quantitative assessment.“The victims of the current ECB monetary policy are those that are saving in a funded pillar or have done so in the past,” it said.last_img read more

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Serie A: Inter return to second spot ahead of Atalanta

first_img Lazio, in fourth, will play Brescia on Wednesday, with Simone Inzaghi’s side also still in with a chance of finishing second, with their final game against Napoli at the weekend.Advertisement Loading… Danilo D’Ambrosio put Inter ahead after 11 minutes at the San Siro with Lautaro Martinez adding a second with 15 minutes to go against seventh-placed Napoli. Gennaro Gattuso admitted Napoli would need to find goal-scoring solutions before they face Barcelona in the Champions League last 16 on August 8. Lautaro Martinez (R) secured victory for Inter Milan as they reclaimed second place in Serie A Read Also: Serie A: Gomez winner pulls Atalanta in second spot “We have to work, we’re lacking a bit of soul,” said Gattuso, whose side have nothing to play for in the league as they are already assured a place in the Europa League as a result of the Italian Cup win. “After the Italian Cup we’ve performed well but don’t have the knife between our teeth. Against Barcelona it will be a different story.” FacebookTwitterWhatsAppEmail分享 Inter Milan eased past Napoli 2-0 to hold on to second place in Serie A on Tuesday night ahead of Atalanta who earlier fought back to beat Parma. Juventus have already sealed their ninth straight league title, but three teams are fighting for second spot – Inter Milan, Atalanta and Lazio – going into the last round of matches in Italy. Antonio Conte’s Inter have a one-point lead on Atalanta with the two teams set to go head to head in their final match this season on Saturday. Promoted ContentBirds Enjoy Living In A Gallery Space Created For ThemA Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This DayTop 7 Best Car Manufacturers Of All Time7 Universities In The World Where Education Costs Too MuchWho Is The Most Powerful Woman On Earth?What Happens When You Eat Eggs Every Single Day?7 Universities Where Getting An Education Costs A Hefty Penny11 Most Immersive Game To Play On Your Table TopA Hurricane Can Be As Powerful As 10 Atomic Bombs5 Of The World’s Most Unique Theme Parks7 Black Hole Facts That Will Change Your View Of The Universe20 “The Big Bang Theory” Moments Only A Few Fans Knew Aboutlast_img read more

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Daybreak announce KOTK esports circuit with $1 million in prize money

first_imgDaybreak Game Company, the developer behind H1Z1: King of the Kill (“KOTK”) has announced an esports circuit with $1,000,000 on the line. It comes as Daybreak look to establish King of the Kill, a survivor based shooting game, as an esport. The tournament series, dubbed the “H1Z1 Elite Series” will bring together the top performing players around the world to create a large professional circuit. The Elite Series will be competed across four regions, with the first taking place at DreamHack Atlanta on July 21st. The four regions are North America, Asia, Europe and Latin America and each region will have $250,000 up for grabs.At DreamHack Atlanta, Daybreak will run two separate tournaments. One will be a solo tournament, where the winner will take the lion’s share of an impressive $100,000. The second is a team based tournament, where the winning team will split the majority of $250,000. It will not be competed in the game’s duo format but instead in the five versus five format. Obey Alliance, World Best Gaming, Denial Esports and CLG have all been confirmed as taking part in the tournaments at DreamHack. Others will have to qualify in preliminary rounds, which will be run at the event out in Atlanta. The game emerged as a fan-favourite due to its popularity on Twitch. Many of the world’s biggest and most watched Twitch streamers at least went through a phase where they streamed the popular survival game – yet many have now left it behind. The emergence of PlayerUnknown’s Battlegrounds has seen many a streamer swap one survival game for another, amidst continued frustration with regards to certain gameplay aspects. It remains to be seen whether H1Z1: King of the Kill can really make it as an esport. In a five versus five competitive setup, more conservative play is encouraged (as it is a survival game) and thus it is often not as exciting to spectate as when popular streamers hunt for kills. Additionally, the spectating is often not smooth and PUBG seems to be increasingly popular.Esports Insider says: Interesting to see such a huge amount of money pumped into this. As aforementioned it remains to be seen whether or not it will really take off and if there’s truly an audience for competitive KOTK. It’s great to watch on stream so here’s hoping it can translate to an esports audience.last_img read more

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