Electricity Analysis - Canada and the OECD - March 2023.pptx
Blog – Electricity and Power Generation Analysis and Commentary – June 2023 Renewable energy sources have witnessed a remarkable surge while fossil fuel-based electricity production experienced a decline, according to the latest Monthly Electricity Statistics report by the International Energy Agency (IEA). The report, which provides a comprehensive analysis of global electricity production highlights a shift towards cleaner energy sources in both the OECD and Belgium. In March 2023, total net electricity production in the OECD reached 887.8TWh, representing a 1.5% decrease compared to the same period in 2022. Analysts note that the decline was primarily driven by lower electricity production from fossil fuel sources, which experienced an 8.1% year-to-date decrease. Furthermore, nuclear power production also saw a notable decline of 3.1% year-to-date. Notably, the report revealed a significant decrease in electricity generation from coal-fired plants, reaching a record low share of 15.9% in the electricity mix in March 2023. This decrease surpassed the levels observed at the start of the Covid-19 lockdowns in April 2020, according to the IEA’s report. Source - https://www.energylivenews.com/2023/06/16/renewable-energy-soars-fossil-fuels-decline-in-electricity-report/ Other sources and links: Biodiversity / Utility sector - https://esgnews.com/iberdrola-and-birdlife-international-sign-alliance-to-protect-biodiversity/ ESG Reporting - https://www.business-standard.com/world-news/esg-sustainability-impact-management-to-reach-30bn-by-2030-report-123061501007_1.html Natural Gas - https://www.arcresources.com/newsroom/opinion-setting-the-pace-for-responsible-development-how-canadas-energy-industry-is-leading-the-charge/ or https://www.fxempire.com/forecasts/article/natural-gas-forecast-strengthening-ahead-of-key-weekly-eia-storage-report-1354736 Smart Grid - https://www.futuremarketinsights.com/reports/smart-grid-technology-market Hydrogen - https://www.hydrogeninsight.com/production/coal-giant-plans-2gw-green-hydrogen-plant-in-eastern-germany-as-part-of-europes-largest-green-hub/2-1-1468192 China - https://ca.finance.yahoo.com/news/massive-clean-energy-investments-propel-150000486.html Biodiversity and Wind - https://envirotecmagazine.com/2023/06/15/project-investigates-possible-benefits-to-marine-ecosystems-from-offshore-wind-growth/ Solar - https://energytheory.com/how-does-solar-energy-impact-the-environment/ Lithium - https://markets.businessinsider.com/news/stocks/lithium-stocks-white-gold-for-the-ev-revolution-1032392587 Energy storage - https://greenstocknews.com/stocks/energy-storage-stocks Vegetation - https://www.hawaiianelectric.com/about-us/our-vision-and-commitment/resilience Hydro - https://www.nsnews.com/highlights/heightened-need-for-clean-energy-prompts-bc-hydro-to-put-call-out-for-new-sources-7152366 Smart/Green Building - https://www.nsnews.com/highlights/heightened-need-for-clean-energy-prompts-bc-hydro-to-pu
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Electricity Analysis - Canada and the OECD - March 2023.pptx
- 1. Electricity Production – Analysis and Commentary PRESALES / BUSINESS DEVELOPMENT/CUSTOMER SUCCESS MANAGEMENT PAUL YOUNG CPA CGA JUNE 16, 2023
- 2. Paul Young - Bio • CPA, CGA (1996) • Academia (PF1, FA4, FN2, MU1. and MS2) • SME – Customer Success Management • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – ESG and Sustainability Reporting and Policy Development • SME – Public Policy • SME – Emerging Technology • SME – Business Process Change • SME – Financial Solutions • SME – Macro/Micro Indicators • SME – Supply Chain Management • SME – Data, AI, Security, and Platform • SME – Internal Controls and Auditing Contact information email: Paul_Young_CGA@outlook.com LinkedIn: https://www.linkedin.com/in/paul-young-055632b/
- 3. Agenda Canada Power Production by Fuel Key Countries / Power Generation Smart Grids Micro Power Plants Top Countries / Clean Energy Technology / Power Generation Power Rates / Canada Solar Power Sales Forecasting ESG Reporting
- 5. Power Generation / Key Country – Source - https://www.iea.org/reports/monthly-oecd-electricity-statistics
- 6. Natural Gas Source - https://www.iea.org/reports/monthly-oecd-electricity-statistics or https://markets.businessinsider.com/commodities/natural-gas- price
- 8. Micro power plants Source - https://www.marketsandmarkets.com/PressReleases/micro-grid- electronics.asp
- 9. Top Countries / Clean Energy Top 10 green countries are European - https://www.conserve-energy-future.com/greenest- countries-earth.php Iceland leads the world in terms of clean energy (Wind, Solar, Tidal, and Geothermal) - https://www.clickenergy.com.au/news-blog/12- countries-leading-the-way-in-renewable-energy 50% of the emissions come from China, USA, and India - https://www.ucsusa.org/resources/each-countrys- share-co2-emissions Circular Economy - https://www.slideshare.net/paulyoungcga/how-to- best-support-a-circular-economy
- 10. Technology / Power AI and Power Production - https://www.uniper.energy/news/4- benefits-of-ai-in-the-operation-of-power-plants/ AI will reshape energy production - https://www.petroleum- economist.com/articles/low-carbon-energy/energy- transition/2020/ai-will-shape-the-energy-transition IBM and Verizon (5G) - https://newsroom.ibm.com/2020-07-16- IBM-and-Verizon-Business-to-Collaborate-on-5G-and-AI- Solutions-at-the-Enterprise-Edge RPA and Energy Sector - https://www.tcs.com/blogs/measuring- effort-in-robotic-process-automation Analytics / Utilities - https://www.globenewswire.com/news- release/2020/06/22/2051219/0/en/4-3-Billion-Energy-and- Utilities-Analytics-Industry-to-2025-COVID-19-to-Have-a- Significant-Impact-on-the-Sector.html Hydro Quebec line inspection - https://ca.finance.yahoo.com/news/hydro-qu-bec-nucleom-sign- 100000195.html
- 11. ESG Reporting Blog - Blog – ESG Reporting - Nearly 40% of large companies pose biodiversity threat: Moody's ESG study - My work - https://www.linkedin.com/pulse/blog-esg-reporting-nearly-40-large-companies-pose-threat-paul- young/?published=t Great work by CFO on this article! “Financial regulators will increasingly incorporate biodiversity indicators into reporting requirements, which will likely put increasing pressure on companies to address their impacts on biodiversity,” Moody’s ESG Solutions said. Source – https://www.cfodive.com/news/nearly-40-percent-large-companies-pose-biodiversity-threat-moodys-esg- study/601014/?utm_source=Sailthru&utm_medium=email&utm_campaign=Issue:%202021-06- 01%20CFO%20Dive%20%5Bissue:34561%5D&utm_term=CFO%20Dive
- 12. Vegetation Management Source - https://www.ibm.com/products/environmental-intelligence-suite/vegetation- management?utm_content=SRCWW&p1=Search&p4=43700072984281975&p5=e&gclid=CjwKCAjw04yjBhApEiwAJcvNoe6JcCtvWckdDiVtb lnq6r2pwbNLoGQtUqoRDDoVgQI2eRFR2xI_fBoCDh4QAvD_BwE&gclsrc=aw.ds
- 13. Solar Power Blog – Solar Panels – What is Next? - https://www.linkedin.com/pulse/blog-solar-panels-what-next-paul-young/?published=t - Shortage of raw materials to make solar panels. - Load factors with solar panels. - Natural resources sector needs to be identified as a critical area with the supply chain. Summary The global solar panels market exceeded USD $115 billion in 2019 and is expected to exceed $176 billion by 2027. The global solar panels market exceeded USD $115 billion in 2019 and is expected to exceed $176 billion by 2027. The German government has undertaken initiatives to implement solar power in the country and target having 50% of their energy being derived from renewable sources by 2025. https://www.canadianmanufacturing.com/manufacturing/gblt-corp-announces-relaunching-of-its-solar-energy-division-267817/ Risks Risk 1: Changing Regulations: Losing Net Metering or SRECs. Risk 2: Electric Prices Stagnating, or Worse, Getting Cheaper. Risk 3: Partnering with an Underperforming Installer. Risk 4: Damage to Your Roof. Risk 5: Spending More Money if your Roof Needs Replaced. https://www.paradisesolarenergy.com/blog/the-top-risks-to-owning-a-solar-system or Blog – Silica Production and Solar Panels - https://www.slideshare.net/paulyoungcga/what-is-next-for-the-solar-industry
- 14. Energy Crisis Australia exported 3-13 million tons per month of coal to China in 2020. If China needs 50 million tons per month that is rapid increase in coal production. It is unclear in China and Australia would be able to ramp to meet the demand. China is already in a shortage of perhaps 50 million tons per month. If there is a rapid surge in coal importing to China, there could be overbidding that causes shortages for other Asian countries. This will also make the supply chain problems even worse. Prioritizing heating over electricity means more factory shutdowns. Prioritizing heating coal imports over other supply chain means that the 200 ships waiting to get unloaded get bumped back at the ports for hundreds of coal ships. China having coal production problems is tough because building other sources of electricity and heating will take years. Especially if China wants to get beyond current levels to support 6% per year GDP growth. https://www.nextbigfuture.com/2021/10/173364.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ blogspot%2Fadvancednano+%28nextbigfuture%29 This ties nicely to my work on energy - https://www.linkedin.com/pulse/world-heading-energy-crisis-paul-young/
- 16. Maximo / Electricity Blog – IBM Maximo with IBM Planning Analytics - https://ibm.box.com/s/ow662tdpto1c1p6d9u2waqxwli40x0la
- 17. ESG Reporting M y b o x f o l d e r - h t t p s : / / i b m . b o x . c o m / s / v m y i t c a c k q e v v m 1 h c x v 7 w k e 6 g u d r p n c e
- 18. Summary Electricity continues to move towards greener source of power Blog – Electricity and Power Generation Analysis and Commentary – June 2023 Renewable energy sources have witnessed a remarkable surge while fossil fuel-based electricity production experienced a decline, according to the latest Monthly Electricity Statistics report by the International Energy Agency (IEA). The report, which provides a comprehensive analysis of global electricity production highlights a shift towards cleaner energy sources in both the OECD and Belgium. In March 2023, total net electricity production in the OECD reached 887.8TWh, representing a 1.5% decrease compared to the same period in 2022. Analysts note that the decline was primarily driven by lower electricity production from fossil fuel sources, which experienced an 8.1% year-to-date decrease. Furthermore, nuclear power production also saw a notable decline of 3.1% year-to-date. Notably, the report revealed a significant decrease in electricity generation from coal-fired plants, reaching a record low share of 15.9% in the electricity mix in March 2023. This decrease surpassed the levels observed at the start of the Covid-19 lockdowns in April 2020, according to the IEA’s report. Source - https://www.energylivenews.com/2023/06/16/renewable-energy-soars-fossil-fuels-decline-in- electricity-report/ Other sources and links: Biodiversity / Utility sector - https://esgnews.com/iberdrola-and-birdlife-international-sign-alliance-to- protect-biodiversity/ ESG Reporting - https://www.business-standard.com/world-news/esg-sustainability-impact- management-to-reach-30bn-by-2030-report-123061501007_1.html Natural Gas - https://www.arcresources.com/newsroom/opinion-setting-the-pace-for-responsible- development-how-canadas-energy-industry-is-leading-the-charge/ or https://www.fxempire.com/forecasts/article/natural-gas-forecast-strengthening-ahead-of-key-weekly- eia-storage-report-1354736 Smart Grid - https://www.futuremarketinsights.com/reports/smart-grid-technology-market
Editor's Notes
- https://www.cnbc.com/quotes/@NG.1 or https://markets.businessinsider.com/commodities/natural-gas-price