In today’s talking points: Mergers & Acquisitions the key to combating Australia’s changing energy market; Hydrogen could rise to become a new and greener fuel source; Beijing making improvements to public buildings to become more energy efficient; China leads the world in renewable energy expansion
Mergers & Acquisitions the key to combating Australia’s changing energy market
According to a recent study by law firm Pinsent Masons and Mergermarket, within 200 Australian businesses with revenue of over US $1 billion and 50 investment groups, 90 per cent indicated that they were looking at mergers and acquisitions within the energy sector to combat changes in the energy market. On the other hand, around a third of those surveyed believed that uncertainties around the regulations and policies on energy issues caused there to be less investment in the area which in turn affected Australia’s rank in the world on countries that have a clear smart energy policy. Australia currently ranks at 15.
Read more at: The Sydney Morning Herald
Hydrogen could rise to become a new and greener fuel source
Hydrogen is emerging as a new fuel source with investment from major companies such as Shell and Total SA into the Hydrogen Council. According to Arup’s environment and resources leader Mike Straughton, “Hydrogen would play an increasing role in powering the nation, and could eventually replace natural gas”. Victorian council and state government have instigated a trial of using hydrogen powered cars while South Australia is also looking towards implementing Hydrogen powered buses into the Adelaide transport system in an effort reduce carbon emissions.
Read more at: The Sydney Morning Herald
Beijing making improvements to public buildings to become more energy efficient
Beijing has around 170 million square metres of public building which are considered not energy efficient because they rely on old methods of power including incandescent light bulbs and manual adjustment of heating and refrigeration. Authorities in Beijing are combating this by upgrading these systems to make them more conservative of energy. According to authorities, by the end of 2018, at least six million square feet of public housing will have been renovated.
Read more at: Xinhua
China leads the world in renewable energy expansion
The Paris-based International Energy Agency has revealed in a new report that China leads the world in renewable energy expansion citing their major role in the global expansion of the new solar (photovoltaic) PV system. In addition, the report also discusses the results of China’s 13th five year plan to 2020 and how they have already exceeded these targets 3 years ahead of the expected date. China is predicted to be responsible for 40 percent of the world’s total output of green energy by 2022.
Read more at: China Daily